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Global Round Up - ADRs and Depository Receipts
April 9, 2018 Monday
1143 words
Rolls-Royce signs agreement to sell L'Orange to Woodward Inc.

DAILY ADR AND DEPOSITORY RECEIPT REPORT

Corporate Wire Date: 09 April 2018 04:16 EDT

ORIGINAL ANNOUNCEMENT [Text]

Rolls-Royce announced today that it has signed an agreement to sell L'Orange, a wholly owned subsidiary of Rolls-Royce Power Systems, to Woodward Inc., for an enterprise value of EUR700 million (Pound610 million).

Woodward (headquartered in Fort Collins, Colorado, US) is an independent designer, manufacturer and service provider of control system solutions and components for the aerospace and industrial markets. L'Orange will be renamed Woodward L'Orange and will be integrated into Woodward's Industrial segment.

L'Orange supplies fuel injection technology for engines that power a wide range of industrial applications including marine power and propulsion systems, special-application vehicles, oil and gas processing, and power generation. L'Orange serves some of the world's best known specialist diesel engine manufacturers, including Rolls-Royce Power Systems' leading subsidiaries, MTU Friedrichshafen and Bergen Engines, and other low to high speed engine builders. L'Orange will remain an important partner and supplier for Rolls-Royce Power Systems in the future through a long-term supply agreement, with an initial term of 15 years.

L'Orange is based in Stuttgart, Germany and has approximately 1,000 employees based mostly in Germany, but also in the US and China.
ORIGINAL ANNOUNCEMENT [Link]
Rolls-Royce signs agreement to sell L'Orange to Woodward Inc. can be viewed via the link below.

Source: click http://www.rolls-royce.com/media/press-releases/yr-2018/09-04-2018-rr-signs-agreement-to-sell-lorange-to-woodward-inc.aspx

SECTION 1 ROLLS ROYCE ACTIVITIES

Rolls-Royce Holdings PLC manufactures aero, marine and industrial gas turbines for civil and military aircraft. The Group designs, constructs and installs power generation systems, transmission and distribution systems, and equipment for the marine propulsion, oil and gas pumping, and defense markets.

SECTION 2 ROLLS ROYCE PRICE PERFORMANCE SCORECARD (GLOBAL DEPOSITORY RECEIPTS:RYCEY):

2.1 The performance of Rolls Royce PLC is placed 260/829 in the BSS News Bites ranking of price performance of ADR stocks in the past year, a percentile ranking of 86.

2.2 The Past Two Years
Rolls Royce accelerates rise, up 35% in 2 years
Rolls Royce PLC (OT:RYCEY), has strengthened $US3.21 (34.8%) over the past two years, compared with the Bank of New York Mellon Composite ADR Index which rose 30.4 points (25.2%) in the two years for a relative price increase of 9.6%. The ADRs rose 45.02c (4.9%) a year ago and $US2.76 (28.5%) in the past year to close at $US12.43.

2.3 MCap History:
In the past 4 years Market Capitalization has decreased by $US10.7 billion from $US33.6 billion to $US22.9 billion. Based on a dynamic start date of 4 years ago, there have been declines in MCap in 2 out of 4 years.

PriceMCap (US$ B)
Last Traded Apr 06$US12.3822.9
1 Year ago$US9.6718
2 Years ago$US9.1017.1
3 Years ago$US13.7426.1
4 Years ago$US17.6133.6

2.4 Moving Annual Return

Based on a dynamic start date of 5 years ago, the Moving Annual Return has been positive in 3 of the last 5 years. An investment a year ago in RYCEY would have produced a return of 29.5%.

RYCEYClose (USD)Dividends (USD)Capital Gain / (Loss) %% YieldAnnual Return %
Apr 0612.380.15281.529.5
1 Yr ago9.670.066.20.66.9
2 Yrs ago9.1-(33.7)-(33.7)
3 Yrs ago13.74-(22.0)-(22.0)
4 Yrs ago17.61-7-7.0

Close 5 years ago $US16.46

2.5 Present Value of $US1000 invested in the past
The present value of $US1000 invested a year ago is $US1,297

PV$10001-week1-month1-year
RYCEY.OT1,0511,297
Bank of New York Mellon Composite ADR Index9939791,122

2.6 Trailing Price Change %

Price Change %1-Month3-Month1-Year
RYCEY5.14.928.0
Aerospace & defense sector-0.54.830.9
Bank of New York Mellon Composite ADR Index-2.0-5.312.2

SECTION 3 ROLLS ROYCE FINANCIALS AND GROWTH PERFORMANCE SCORECARD (GLOBAL DEPOSITORY RECEIPTS:RYCEY):

3.1 Key Financials (All figures percent)
Revenue Growth deteriorated from 14.5% in 2013 to 9.0% in 2016 and Operating Margin deteriorated from 11.6% in 2013 to 0.9% in 2016.

RYCEYRevenue GrowthEPS GrowthOperating MarginROE
20169-0.9-
2015-1.7-11.81.7
2014-7.1-11.11.1
201314.5-41.911.621.7

3.2 Revenue and Net Profit

(B)Description(/B)(B)Annual (GBP M)(/B)(B)Annual ($US M)(/B)(B)5-year Avg (GBP B)(/B)(B)5-year Avg ($US B)(/B)(B)5-year CAGR %(/B)
Total Revenue14,95518,458.414.217.55
EBITDA137169.122.5(41.8)
Operating Profit137169.11.61.9(39.2)

Operating Profit Margin 5-year average is 11.8% and Return on Capital Employed 5-year average is 12.4%

3.3 Performance (All figures in %)


(B)Description(/B)(B)Annual(/B)(B)5-year Avg(/B)
Operating Profit Margin0.911.8
Return on Capital Employed0.912.4

3.4 High Performance Indicators:

DescriptionValueRank In Market
Volatility %0.9In Top Quartile
Cash to MCap %17.1In Top Quartile
Today's Turnover$US557,261In Top Quartile

SECTION 4 ROLLS ROYCE GLOBAL RANK (GLOBAL DEPOSITORY RECEIPTS:RYCEY):
Global Rank [out of 926 ADRs]

DescriptionValueRankQuartile
MCap (US$)17.8B227Top
Yield %2.2105Top
PV$1000 (1Year) US$675624Third
US$ Change (1Year) %-32.5622Third
Rel Strength 6 Mo (US$)75229Top

SECTION 5 ROLLS ROYCE RECENT PRESS RELEASES:

March 29: Rolls-Royce: Total Voting Rights
In accordance with DTR 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules (DTR), the Company is required to notify the market of its total number of voting rights and capital as at the end of each calendar month.

March 27: Rolls-Royce: Annual Financial Report
Rolls-Royce Holdings plc announces that its Annual Report for the year ended
31 December 2017 is now available on the Group's website at www.rolls-royce.com
Printed copies of this document will be posted to shareholders on or around 27 March 2018. A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM
In accordance with paragraph 6.3.5 of the Disclosure and Transparency Rules we set out below a management report extracted from the annual report in unedited full text.

March 26: Rolls-Royce joins Boeing and Singapore Airlines to celebrate deliver of first Boeing 787-10 Dreamliner
Rolls-Royce today joined Boeing and Singapore Airlines to celebrate the delivery of the first Boeing 787-10 Dreamliner, powered by Trent 1000 engines.
Goh Choon Phong, CEO, Singapore Airlines, Kevin McAllister, President and CEO of Boeing Commercial Airplanes, and Dominic Horwood, Director - Customers and Services, Civil Aerospace, Rolls-Royce, attended a formal aircraft handover ceremony at Boeing's facility in North Charleston, South Carolina, USA.
The aircraft is powered by the latest version of the Trent 1000, the Trent 1000 TEN (Thrust, Efficiency and New Technology), which incorporates new technologies and delivers higher thrust as well as increased efficiency.

Source: www.BuySellSignals.com
April 9, 2018
      
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