PPC : MORGAN STANLEY OFF PISTE CONFERENCE PRESENTATION 2023

RMB MORGAN STANLEY

OFF PISTE INVESTOR CONFERENCE

20 SEPTEMBER 2023

A G E N D A

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02

03

04

INTRODUCTION

FINANCIAL & OPERATIONAL UPDATE

• SA and Botswana
• Zimbabwe
• Rwanda

DECARBONISATION

CLOSING

2

INTRODUCTION 01

introduction

Managed and funded across key pillars

SA and botswana GROUP

Other INTERNATIONAL Businesses

CEMENT

• Comprises inland, coastal and Botswana business units
• Demand impacted by unfavourable macro factors
• Decarbonisation offers opportunities to innovate and reduce costs

MATERIALS

• Comprises readymix concrete, ash and aggregates business units
• Readymix and ash integral to SA operations
• Greater sensitivity to rain/weather and loadshedding and infrastructure spend

ZIMBABWE

• PPC shareholding of 90% but enjoying 99.5% of the economics/dividends
• Own board and management team
• Management and technical support from South Africa
• Dividends continue to be declared and paid bi-annually without challenges

Rwanda

(Cimerwa)

• PPC shareholding of 51%
• Own board and management team
• Management and technical support from South Africa

• Listed in Rwanda

• First dividend paid

March 2023 following strong cashflow generation and full utilisation of assessed tax losses

GROUP SERVICES/PPC LTD

DIVIDENDS

R M B M O R G A N S T A N L e Y O F F P I S T E I N V E S T O R C o n f e r e n c e S E P T E M B E R 2 0 2 3

4

Group consolidated | key features

For the full year ended 31 march 2023

Distribution approved

EBITDA margin

• 1.4% pts to 13.7%

Revenue ▲0.2% to R9 902 million

R200 million

share repurchase

SA and Botswana

leverage of

1.2 times1

EBITDA

Free cashflow2

of R392

million

R M B M O R G A N S T A N L e Y O F F P I S T E I N V E S T O R C o n f e r e n c e S E P T E M B E R 2 0 2 3	1. Before the distribution	5
2.	Free cashflow is net cashflow before financing activities