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

Employee injury/illness (OIR)

[Kherson]

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

[Red_Deer]

Hey KHERSON__For YEARS You HAVE BEEN Making FUN of Posters Who Did NOT Know the DIFFERENCE Between SHARES/TRUST UNITS eh !!!!!!!! Well HELLO !!__There MOST Certainly IS a DIFFERENCE Between an ACTUAL ChemTrade EMPLOYEE vs an EMPLOYEE of a CONTRACTOR__ESPECIALLY With REGARD to SAFETY TRAINING PROTOCOLS