African Rainbow Minerals : 1H F2022 Results Presentation (5.30 MB)

"We are pleased to have signed the agreement to acquire the

Bokoni Platinum Mine. Development of the mine will allow us to scale our PGM portfolio and create value for shareholders and other stakeholders.

We declared an interim dividend of R12.00 per share and remain committed to paying competitive dividends while pursuing value-creating growth."

Dr Patrice Motsepe, Executive Chairman

1

Disclaimer

Throughout this presentation a range of financial and non-financial measures are used to assess the company's performance, including, but not limited to financial measures that are not defined under International Financial Reporting Standards (IFRS). These adjusted financial measures are included for illustrative purposes and are the responsibility of the Board of Directors. They should be considered in addition to, and not as a substitute for, or as superior to, measures of financial performance, financial position or cash flows reported in accordance with IFRS.

Rounding of figures may result in minor computational discrepancies.

All photographs were taken prior to the onset of Covid-19 and thus may include people without masks.

Forward looking statements

Certain statements in this report constitute forward looking statements that are neither reported financial results nor other historical information. They include but are not limited to statements that are predictions of or indicate future earnings, savings, synergies, events, trends, plans or objectives. Such forward looking statements may or may not take into account and may or may not be affected by known and/or unknown risks, unpredictables and other important factors that could cause the actual results, performance and/or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, unpredictables and other important factors include among others: economic, business and political conditions in South Africa; decreases in the market price of commodities; hazards associated with underground and surface mining; labour disruptions; changes in government regulations, including environmental regulations; changes in exchange rates; currency devaluations; inflation and other macro-economic factors; and the impact of the health-related epidemics and pandemics, including Covid-19, HIV and Aids in South Africa. These forward-looking statements speak only as of the date of publication of these pages. The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of publication of these pages or to reflect the occurrence of unpredictable events.

2

Overview of results

For the six months ended 31 December 2021

Khumani Mine

Salient features: Safety and health

LOST TIME INJURY		TOTAL RECORDABLE INJURY
FREQUENCY RATE (LTIFR)*		FREQUENCY RATE (TRIFR)**

 10% to	 18% to
0.36	0.67
(1H F2021: 0.40)	(1H F2021: 0.82)

FATALITIES

1 fatality at Two Rivers Mine

(1H F2021: 2 fatalities at Modikwa Mine)

COVID-19

99% recovery rate

68% of total workforce was fully vaccinated as at 31 December 2021

	We are committed to creating and maintaining a safe and healthy work environment.
* LTIFR per 200 000-man hours	4
** TRIFR includes the number of fatal injuries, number of lost time injuries and number of medical cases

Salient features: Headline earnings

GROUP HEADLINE EARNINGS

• 27% to

R3.7 billion

(1H F2021: R5.0 billion)

ARM PLATINUM HEADLINE EARNINGS

• R1.2 billionto38%

(1H F2021: R2.0 billion)

* Rounding of figures may result in minor computational discrepancies

ARM FERROUS HEADLINE EARNINGS

• 18% to

R2.4 billion

(1H F2021: R3.0 billion)

ARM COAL HEADLINE EARNINGS

	to
	R351 million
	(1H F2021: R222 million headline loss)

5