Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

TSX:CHE.DB.E - Post by User

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > Employee injury/illness (OIR)

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Post by Khersonon Jun 26, 2023 10:04pm

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Post# 35515536

Employee injury/illness (OIR)

First of all, I want to thank GregC24 for pointing out to me a discreptancy in Chemtrade's May 2023 Investor Presentation, under the heading of Operational Excellent on p.29. Chemtrade boasts under Safety that they had a 25% reduction in the recordable injury rate in 2022 vs 2021. Sadly, the actual numbers do not support a 25% reduction, as claimed. In fact, the actual numbers for Employee OIR for 2021 and 2022 are as follows;
2021 - 1.26
2022 - 1.00
Therefore we have a reduction of 0.26 in 2022. But in order to determine a percentage reduction for 2022, you have to divide the 0.26 into the 1.26 which is from the base year of this claim, that being 2021.
0.26/1.26 = 0.206 or 20.6%!
Are we to believe that Chemtrade's management can not do simple math? You be the judge!

Now if we compare the Employee OIR from 2020 and 2022, we get the following;
2020 - 1.07
2022 - 1.00
0.07/1.07 = 0.065 or 6.5%.

What is obvious here is that Chemtrade's Employee OIR actually went up in 2021 from 2020 by 17.7%!

Kherson

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