Afrimat : RMB Morgan Stanley Off Piste Investor Conf 14 Sep 2022

RMB MORGAN STANLEY OFF PISTE INVESTOR CONFERENCE PRESENTATION

14 September 2022

Core message

Existing business	Growth strategy	Balance sheet
Remains industry-	Meticulously	Prudently
leading amidst	executed to	managed amidst
global uncertainty	sustain long-term	global volatility
	growth

Afrimat is currently in a closed period with interim results due to be released towards

the end of October 2022

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Segmental makeup

	Construction		Industrial		Bulk
	Materials		Minerals		Commodities
Aggregates | contract crushing, drilling			Iron ore | anthracite | manganese (WIP)
and blasting | concrete products |	Limestone | dolomite | silica	| phosphate, rare earths & vermiculite
	readymix				(WIP)

Revenue (R'000)

2 408 710

1 626 221

1 595 055

1 584 413

632 544 514 291

Construction Materials Industrial Minerals	Bulk Commodities
		2022		2021

Operating profit (R'000)

820 210

734 675

192 480
104 906	94 427
	55 481
Construction Materials	Industrial Minerals	Bulk Commodities
			2022		2021*	Previously reported = 734 675
			Restated = 885 202

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Rationale for our unique strategy

• Good blend of locally and internationally priced commodities
• Exposure to different currencies
• Exposure to different economic cycles
• Similar operational skills
• Delivering smooth growth for more than a decade
• In line with global mega-trends

CAGR of PAT

22%

(Feb 2009 - Feb 2022)

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Growth through diversification

Profit history with and without acquisitions

	600
	500
	400
Cents	300

200

100

0

2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
			Headline earnings per share		Reality without strategic acquisitions

Glen Douglas

Clinker Group

Infrasors

Cape Lime

Demaneng

Nkomati

Jenkins

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