African Rainbow Minerals : F2022 Results Presentation (4.14 MB)

Provisional results for the financial year ended 30 June 2022

1 September 2022

we do it better

"

ARM's quality diversified portfolio enabled us to improve our financial position despite lower prices for iron ore and

platinum group metals (PGMs).

Net cash increased from R8.2 billion to R11.2 billion and we

declared a final dividend of R20.00 per share.

Dr Patrice Motsepe, Executive Chairman

"

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.

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Modikwa Mine

we do it better

Headline earnings decreased by 13%

ARM Ferrous headline earnings

16% to

R6.7 billion

(F2021: R7.9 billion)

ARM Platinum headline earnings

34% to

R3.1 billion

(F2021: R4.7 billion)

ARM Coal headline earnings by R1.2 billion to

R928 million

(F2021: R250 million loss)

Group headline earnings (R million)

13%

13 064

11 338

4 814	5 226	5 534

F2018

F2019*

F2020*

F2021*

F2022*

* The F2019 to F2022 headline earnings include re-measurement gains and losses on partner loans.

Re-measurement gains and losses for the current and corresponding periods are detailed on slide 45 of this presentation.

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