Massy has a very powerful value proposition which can be summarized as follows:
- Conscious Capitalism is at Massy’s core: Massy’s businesses are built on a foundation of conscious capitalism which embodies a culture of being socially responsible, conducting ethical business operations for the benefit of all stakeholders. This core principle has, in turn, supported the Company’s strong financial performance.
- Nimble while leveraging large size: By transforming its structure, Massy has become more agile/nimble while at the same time, remaining a massive Company (Massy has 60+ Companies in 15+ Countries, 13,000+ employees) capable of utilizing its large reach to propel further growth.
- Competitive dividend income: In the financial year 2021, Massy paid dividends of TT$ 2.55 per share equivalent to a payout ratio of 31.8% and a dividend yield of 3.09% (Based on September 30, 2021, close price).
- Targeted expansion and geographical diversification: The Company plans to deepen its geographical reach by entering new global territories in larger markets, similar to what has been done in Latin America while continuing to strategically expand in the Caribbean. This positions Massy to benefit from much larger markets while providing geographical diversification benefits to shareholders.
- Ready Cash to deploy: Massy is currently undergoing operational changes aimed at increasing the efficiency of each of its portfolio companies. The success of this strategic initiative will be heavily supported by the Company’s massive cash balance of TT$2.03 billion or approximately J$46.69 billion. For perspective, Seprod Limited had a market cap of J$ 46.71 billion as at December 30, 2021.
- Targeted Value Creation: Massy is currently at a stage in its development where its team intends to focus squarely on its competitive advantage in its three (3) main business lines – Integrated Retail, Motors & Machines, and Gas Products. In so doing, the Company will create greater shareholder value by operating businesses with a return on capital that is materially above the Company’s cost of capital with positive outlooks.