[WILLOW] QoQ Annualized Quarter Result on 31-Mar-2012 [#1]

Announcement Date
23-May-2012
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2012
Quarter
31-Mar-2012 [#1]
Profit Trend
QoQ- 5.33%
YoY- 105.88%
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Annualized Quarter Result
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Revenue 83,427 74,960 67,696 67,988 52,160 48,677 49,060 42.23%
PBT 18,194 14,854 12,406 10,976 10,180 7,842 6,166 105.04%
Tax -2,963 -2,476 -2,038 -2,124 -1,799 -1,516 -1,186 83.60%
NP 15,231 12,378 10,368 8,852 8,381 6,326 4,980 109.98%
-
NP to SH 15,376 12,525 10,498 8,960 8,507 6,453 5,090 108.27%
-
Tax Rate 16.29% 16.67% 16.43% 19.35% 17.67% 19.33% 19.23% -
Total Cost 68,196 62,581 57,328 59,136 43,779 42,350 44,080 33.58%
-
Net Worth 72,257 66,317 62,137 64,399 62,352 59,742 57,711 16.08%
Dividend
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Div 7,298 - - - 6,093 - - -
Div Payout % 47.47% - - - 71.63% - - -
Equity
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Net Worth 72,257 66,317 62,137 64,399 62,352 59,742 57,711 16.08%
NOSH 243,291 243,367 243,009 243,478 243,753 248,205 249,509 -1.66%
Ratio Analysis
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
NP Margin 18.26% 16.51% 15.32% 13.02% 16.07% 13.00% 10.15% -
ROE 21.28% 18.89% 16.89% 13.91% 13.64% 10.80% 8.82% -
Per Share
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
RPS 34.29 30.80 27.86 27.92 21.40 19.61 19.66 44.65%
EPS 6.32 5.15 4.32 3.68 3.49 2.60 2.04 111.78%
DPS 3.00 0.00 0.00 0.00 2.50 0.00 0.00 -
NAPS 0.297 0.2725 0.2557 0.2645 0.2558 0.2407 0.2313 18.04%
Adjusted Per Share Value based on latest NOSH - 243,478
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
RPS 16.82 15.11 13.65 13.71 10.52 9.81 9.89 42.25%
EPS 3.10 2.53 2.12 1.81 1.72 1.30 1.03 107.76%
DPS 1.47 0.00 0.00 0.00 1.23 0.00 0.00 -
NAPS 0.1457 0.1337 0.1253 0.1298 0.1257 0.1204 0.1164 16.06%
Price Multiplier on Financial Quarter End Date
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Date 31/12/12 28/09/12 29/06/12 30/03/12 30/12/11 30/09/11 30/06/11 -
Price 0.34 0.33 0.29 0.31 0.30 0.26 0.30 -
P/RPS 0.99 1.07 1.04 1.11 1.40 1.33 1.53 -25.09%
P/EPS 5.38 6.41 6.71 8.42 8.60 10.00 14.71 -48.70%
EY 18.59 15.60 14.90 11.87 11.63 10.00 6.80 94.92%
DY 8.82 0.00 0.00 0.00 8.33 0.00 0.00 -
P/NAPS 1.14 1.21 1.13 1.17 1.17 1.08 1.30 -8.34%
Price Multiplier on Announcement Date
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Date 25/02/13 21/11/12 15/08/12 23/05/12 22/02/12 23/11/11 23/08/11 -
Price 0.355 0.32 0.30 0.34 0.31 0.30 0.29 -
P/RPS 1.04 1.04 1.08 1.22 1.45 1.53 1.47 -20.51%
P/EPS 5.62 6.22 6.94 9.24 8.88 11.54 14.22 -45.99%
EY 17.80 16.08 14.40 10.82 11.26 8.67 7.03 85.24%
DY 8.45 0.00 0.00 0.00 8.06 0.00 0.00 -
P/NAPS 1.20 1.17 1.17 1.29 1.21 1.25 1.25 -2.67%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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