EQSTRA Holdings Limited: Merrill Lynch Conference March 2009
|
|
- Dana Terry
- 5 years ago
- Views:
Transcription
1 EQSTRA Holdings Limited: Merrill Lynch Conference March 2009
2 Group Overview Eqstra is an integrated capital equipment provider and leasing company with value-added services in Construction and Mining, Passenger and Commercial Vehicles, and Industrial Equipment in South Africa, Africa and the UK
3 HOW DOES EQSTRA TOUCH YOUR LIFE?
4 HOW DOES EQSTRA TOUCH YOUR LIFE?
5 Asset Clusters 100% CONSTRUCTION PASSENGER AND INDUSTRIAL AND MINING COMMERCIAL VEHICLES EQUIPMENT
6 Construction and Mining continued Contract Mining and Plant Hire Volume demand from customers good Platinum accounted for 72% of MCC Contracts revenue Excessive rain has negatively impacted productivity Plant Hire benefiting from infrastructure projects Distributorships Captured 10%* market share, 3 rd in the market in January Marked slowdown in construction and mining sales Obtaining bank financing for customers is challenging Right sizing in response to market contraction Note: * 2008
7 Target markets Contract Mining Traditional focus on thin seam hard rock mining applications in the Platinum and Chrome mines of the Bushveld Igneoux Complex that offer unique challenges in terms of expertise and methodology which new entrants to the market find difficult to overcome Other commodities currently mined include Iron ore, Nickel, Uranium and Coal Terex and New Holland Construction Mining, Construction, Agriculture, Government, Plant Hire, Industrial Plant Hire Construction Mining Government Infrastructure development - National Authorities - Local Authorities - Municipal - Gautrain - Dams - Pipelines
8 MCC Contracts Customer Base Customer Mineral Location End Date Xstrata Base Metals - Eland Platinum Mine Platinum Brits, North West 09/11 Aquarius Platinum Marikana Mine Platinum Rustenburg, North West 03/11 Aquarius Platinum Kroondal Mine Materials Handling Rustenburg, North West Indefinite Arm/Norilsk Joint Venture Nkomati Mine Nickel Machadodorp, Mpumulanga 08/14 Lonmin Platinum Pandora Project Platinum Brits 12/09 Pilanesberg Platinum Tuschenkomst Mine Platinum Northam, North West 03/13 Areva/ Uramin Trekkopje Mine Uranium Swakopmund, Namibia 03/19 Tharisa Minerals Chrome Sample Marikana, North West 08/09 Coal of Africa* - Vele Colliery Coal Musina, Limpopo 07/17 Note: * Mining activities to start by Q3 2009
9 Commodities Outlook Mineral Platinum Coal Outlook Medium term strained linked to automotive and jewellery demand Long term fundamentals are strong Tenders out in market for opencast mining work Investmentof R90 to R110 billion required in next 10 to 12 years to build 40 new coal mines to meet projected domestic, power station and export needs* Eskomto increase its coal consumption from 120 million tonnes to 200 million by 2018* Little excess coal production margin within 10 years* Uranium Newnuclear reactors set for commissioning between 2013 and 2016 set to drive price higher Market expected to be in a deficit by early part of next decade Nickel Large cuts in supply in 2009 Demand expected to recover strongly in late 2009 or 2010 Iron Ore Collapse in Chinese and European production Uneconomic producers in China and India forced out of business Recent rally in spot prices suggest supply and demand equilibrium Source: Eskom chief geologist and coal expert, Johan Dempers, Business Day 12/03/09
10 Platinum Supply vs. Demand M Oz Source: Macquarie PGM Fundamental Report January 2009
11 Platinum Demand Breakdown M Oz Source: Macquarie PGM Fundamental Report January 2009
12 Domestic and Export Coal Potential M Tons Source: Wood Mackenzie, Business Day 12/03/09
13 SA Construction Equipment Sales Decline Units +18.2% yoy SA market down 34% in January 2009
14 SA Construction Market Share 2007 vs % market share in January 2009, 3 rd* position Note: Terex and New Holland Construction combined
15 Long Term Civil Engineering Outlook Assumes optimistic GDP growth of 5.5% Assumes GDP growth of 2.3% Source: SAFCEC Q3 2008
16 Source: SAFCEC Q SAFEC Confidence Remains Strong
17 Competitive landscape Division Market information Major customers Competitors Construction and Mining Contract Mining Largest opencast hard rock contract miner in SA Plant Hire MCC does not take any operational mining risk, this remains with the mining company Largest heavy plant hire provider in SA Benefiting from infrastructure construction projects Distributorships Achieved a combined market share of 10.0% Comprehensive range with minimal overlap Aquarius Platinum, Lonmin, Eland Platinum, Associated Manganese, Norilsk, Areva/ Uramin, Xstrara, Pilansberg Platinum, TharisaMinerals, Coal of Africa Roschcon, Concor, Wilson Bailey Homes (WBHO), Stefanutti& Bressan Anglo Platinum, AngloGold Ashanti, Anglo Coal, De Beers, Moolmans, MCC, Basil Read, Diesel Power, Group Five, Sasol, Anglo V3, Marlborough Crane Hire, Sentula Sentula, Moolmans, Basil Read Basil Read, Diesel Power, Aqua Plant, Al s plant Hire, Morado Plant Hire, CAT Rental Store, Teichmann, Alpha Plant Hire Caterpillar, Komatsu, Hitachi Bell, Liebherr, Volvo, Hyundai
18 Asset Clusters 100% CONSTRUCTION PASSENGER AND INDUSTRIAL AND MINING COMMERCIAL VEHICLES EQUIPMENT
19 Passenger & Commercial Vehicles continued South Africa Corporate demand for leasing up significantly due to banking liquidity tightening Selectively leasing to clients based on: - Good margins - Financial strength of customer Resale values on passenger and light commercial vehicles remain under pressure, countered by good maintenance fund profits Focus on non capital management products - Accident management, driver training, fine management
20 Target Market Eqstra Fleet Management - Blue chip corporate fleet owners in South Africa - Select government and parastatal organisations FlexiFleet - Commercial Leasing Primary and secondary distribution, own cargo, specialized markets Blue chip corporate commercial vehicle fleet owners - Workshops Own fleet, corporate fleets, insurance companies (panel shops) Manufacturing Own fleet Stainless steel» Blue chip transport companies Glass reinforced plastic» All insulated transport vehicles Mild steel» All accredited dealers, various transport operators
21 Competitive landscape Market information Major customers Competitors Passenger and Commercial Vehicles Average length of contracts, passenger and light commercial 42 months, medium commercial 60 months, heavy commercial 72 months Over 90% of contracts linked to prime interest rate 25% market share CloverSA Distell Albany Bakeries WurthSouth Africa Sappi Chemical Specialties Cell C Ellerine s Merafong Municipality Chevron South Africa Kite Logistics Agricultural Research Council, Tracker Network HolcimSA PG Glass Mobile Telephone Networks Swissport Avis Debis Fleet Africa Absa-Leaseplan OEM s Stannic Wesbank Nedfleet
22 Asset Clusters 100% CONSTRUCTION PASSENGER AND INDUSTRIAL AND MINING COMMERCIAL VEHICLES EQUIPMENT
23 Industrial Equipment continued South Africa 35% market share Forklifts in operation -22,496 units Rental Fleet -8,371 units 70% of new truck sales went into the rental fleet in February, outright sale down due to unrealistic bank financing requirements Parts sales down, customers holding off on repairs Order pipeline good, all rental United Kingdom Government forcing banks to lend, volume of enquiries is up Good combination of rental and outright sale Market share - 4% of counterbalanced units Rental Fleet -3,766 units Covers 65% of UK industrial equipment market
24 Target market Target segments: Manufacturing Mining FMCG Warehousing Container Handling Port Operations Agriculture Industry Airports Supported by our infrastructure: Branches in all 9 major cities, 3 depots and 11 dealers in Southern Africa Dealers in Botswana, Namibia, Zimbabwe, Malawi, Angola, Madagascar and Mozambique Spare parts at all branches and depots Service and aftermarket personnel at all branches, depots and dealerships Training Facilities Full workshop facilities
25 Competitive landscape Market information Major customers Competitors Industrial Equipment 35% (1) market share The majority of all forklifts sold are leased to customers Shoprite DHL Spar Tigerbrands Toyota SA VWSA Parmalat ABI Viamax TFD PFG Clover SA Linde Hyster TCM Mitsubishi Nissan Crown Source: (1) As per Wits orders placed on Original Manufacturers
26 South Africa Forklift Market Decline Units +11.1% yoy SA market down 44% in January 2009
27 UK Forklift Market Decline Units Unchanged UK market down 50% in January 2009
28 Comparative Share Price Performance Eqstra Holdings vs Barloworld, Bell Equipment and Sentula Re-based to Base (100) /05/ /05/ /06/ /06/ /06/ /07/ /07/ /08/ /08/ /08/ /09/ /09/ /10/ /10/ /10/ /11/ /11/ /12/ /12/ /12/ /01/ /01/ /01/ /02/ /02/ /03/08 Eqstra Barloworld Sentula Bell
29 Comparative Share Price Performance Eqstra Holdings, Impala Platinum, Anglo Platinum, Aquarius & Lonmin Re-based to Base (100) 2008/05/ /05/ /06/ /06/ /06/ /07/ /07/ /08/ /08/ /08/ /09/ /09/ /10/ /10/ /10/ /11/ /11/ /12/ /12/ /12/ /01/ /01/ /01/ /02/ /02/ /03/08 Eqstra IMPLATS Anglo Platinum Aquarius Lonmin
30 Comparative Share Price Performance Eqstra Holdings, Aveng & Basil Read Re-based to Base (100) 2008/05/ /05/ /06/ /06/ /06/ /07/ /07/ /08/ /08/ /08/ /09/ /09/ /10/ /10/ /10/ /11/ /11/ /12/ /12/ /12/ /01/ /01/ /01/ /02/ /02/ /03/08 Eqstra Aveng Basil Read
31 Comparative Share Price Performance Eqstra Holdings vs Grindrod Re-based to 100 Base (100) 2009/01/ /05/ /05/ /06/ /06/ /06/ /07/ /07/ /08/ /08/ /08/ /09/ /09/ /10/ /10/ /10/ /11/ /11/ /12/ /12/ /12/ /01/ /01/ /02/ /02/ /03/08 Eqstra Grinrod
32 Conclusion Global economy expected to deteriorate further - Expectations for global growth have reduced from 2% to 0.5% - SA economic growth estimated to be at 0.5% Commodities and durable goods sectors badly affected Global interest rate cuts will begin stimulate demand in H Market capitalisation of R1.5 billion, NAV of R2.0 billion
33 Appendix
34 Consolidated Income Statement continued Rm H H % change Revenue 4,412 3, Operating profit Net finance cost (407) (253) Profit before taxation Taxation (98) (111) Profit after taxation Basic headline earnings per share (cents)
35 Balance Sheet Rm H June 2008 Intangibles 8 5 PPE C&M +21.9% Leasing assets P&C +3.0% 7,188 6,550 IE +0.2% Other assets Terex and New Current assets Holland inventory 3,245 2,990 Total assets 10,967 10,090 Shareholders equity 2,000 1,855 Non-current liabilities 5,019 5,166 Includes CP of Current liabilities R1 616 m 3,948 3,069 Total equity and liabilities 10,967 10,090
36 Cash Flow Rm H H % change Cash generated from operations 1,533 1, % Changes in working capital (881) (937) +6.0% Cash flow from operating activities 264 (179) % Cash flow from investing activities (1,480) (938) -57.8% Cash flow from financing activities 1,206 1, %
37 Ratios H H Operating margin 16.7% 19.2% ROE 23.3% 27.3% Net working capital to revenue 19.0% 16.7% Capital adequacy 18.2% 18.4%* Interest-bearing borrowings to equity 347.9% 310.2%* Net cash flow to net debt 18.7% 3.5% Note: * As per June 2008
38 Funding position South Africa -Rm Facilities available Current debt Facilities Long term facility 3,850 3,850 - Short term facility 1, ,650 (1) Commercial paper - 1,616 (1) - General banking facility 1, Rest of the world Total borrowings 7,938 6,908 2,596 Debt levels increased by R1.2 bn Bond issue in 2009 to refinance long term debt Capital adequacy down slightly to 18.2%, due to increase in inventories, leasing assets and trade and other receivables Note: (1) Stand-by liquidity facility with 18 month notice to support commercial paper.
39 Contact WALTER HILL +27 (0)
40 EQSTRA Holdings Limited: Merrill Lynch Conference March2009
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2013
UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2013 AGENDA AGENDA GROUP OVERVIEW FINANCIAL REVIEW DIVISIONAL REVIEW OUTLOOK QUESTIONS 2 3 GROUP OVERVIEW GROUP STRUCTURE INDUSTRIAL EQUIPMENT
More information9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy
Standard d Bank Group Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa Strategy 1 What is our strategy? To build a leading emerging markets financial services organisation
More informationabcd Platinum 2004 Interim Review 16th November 2004
abcd Platinum 2004 Interim Review 16th November 2004 Platinum Demand to edge up to 6.47 million oz Good growth in auto & industrial demand Purchasing by Chinese jewellers slides Supplies to grow to 6.43
More informationSouth Africa s Platinum Mining Crisis
South Africa s Platinum Mining Crisis Presentation to the Parliamentary Portfolio Committee: Minerals 20 th February 2013. Roger Baxter Senior Executive: Economics & Strategy 1 2 Presentation Outline The
More informationANGLO PLATINUM LIMITED 2005 ANNUAL RESULTS PRESENTATION
ANGLO PLATINUM LIMITED 2005 ANNUAL RESULTS PRESENTATION 13 February 2006 2005 Annual Results Overview Significantly improved earnings - higher metal prices Strong PGM demand - supports firm prices Production
More informationPLATINUM QUARTERLY, Q Paul Wilson 4 th December 2014
PLATINUM QUARTERLY, Q3 2014 Paul Wilson AGENDA World Platinum Investment Council Purpose, rationale and approach Platinum s investment credentials The Platinum Quarterly Paul Wilson CEO, WPIC Balances
More informationBarloworld Limited Results. for the six months ended 31 March 2015
Barloworld Limited Results for the six months ended 31 March 2015 Overview Clive Thomson CE, Barloworld Limited Salient features Revenue up 3% to R30.7 billion 3 Operating profit up 6% to R1 744 million
More informationThe portfolio compliance process implemented by STANLIB consists of, but is not limited to, the following elements:
STANLIB Multi-Manager Real Return Fund CERTIFICATE OF COMPLIANCE WITH REGARD TO REGULATION 28 OF THE PENSION FUNDS ACT, NO. 24 OF 1956, AS AT 31 May 2012: Scope This compliance certificate is compiled
More informationAnnual Financial Results. for the twelve months ended 31 December 2009
Annual Financial Results for the twelve months ended 31 December 2009 1 Introduction and overview Nonkululeko Nyembezi-Heita, CEO 2 Overview (2009 vs 2008) Headline loss of R440m Headline loss per share
More informationBarloworld Limited Interim Results for the six months ended 31 March 2017
Barloworld Limited Interim Results for the six months ended 31 March 2017 for sustainable outcomes Overview Dominic Sewela CE, Barloworld Limited Salient features 3 Revenue up 2% to R32.5 billion Operating
More informationBarloworld Limited. Audited results for the year ended 30 September 2003
Barloworld Limited Audited results for the year ended 30 September 2003 Barloworld is an international industrial brand management company 23 000 people... in 32 countries providing business solutions
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2001 INTERIM RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2001 INTERIM RESULTS PRESENTATION 6 August 2001 Six months to June 2001 Highlights Record first half earnings R4,08bn Headline earnings up 56,4% Dividends per
More informationSULTS INTERIM RESULTS MAY 2017
SULTS INTERIM RESULTS MAY 2017 DISCLAIMER These Presentation Materials are for information purposes only and must not be used or relied upon for the purpose of making any investment decision or engaging
More informationINTERIM RESULTS FEBRUARY 2002
INTERIM RESULTS FEBRUARY 2002 1 Highlights Good performance as attributable income and headline earnings rise by 2.4%, despite $ price market index decreasing by 35% Sales volumes up 13% Solid operational
More informationDeutsche Bank BRICS Metals & Mining Conference 2 3 November Stompie Shiels: Executive Director, Business Development
Deutsche Bank BRICS Metals & Mining Conference 2 3 November 2011 Stompie Shiels: Executive Director, Business Development CONFIDENT ABOUT THE FUTURE OF OUR BUSINESS 2 Disclaimer Certain statements in this
More informationUnlocking Our Full Potential
Unlocking Our Full Potential Merrill Lynch Conference Cynthia Carroll May 2007 This presentation is being made only to and is directed only at (a) persons who have professional experience in matters relating
More informationSouth Africa s Platinum Mining Crisis
South Africa s Platinum Mining Crisis Presentation : 30 January 2014. Roger Baxter Chief Operating Officer Presentation Outline The Global Platinum Environment The South African Platinum Mining Industry
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2001 RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2001 RESULTS PRESENTATION 19 February 2002 Year ended December 2001 Highlights Headline earnings per share up 17,6% Total dividends per share up 12,0% Special
More informationBELL EQUIPMENT LTD. 1 st Half 2009 Review & YTD Financial Results. 12 th August Downturn Management Surviving the Crisis
BELL EQUIPMENT LTD 1 st Half 2009 Review & YTD Financial Results 12 th August 2009 Management Participants Gary Bell Chief Executive Officer Karen van Haght Guy Harris Group Financial Director Group Strategy
More informationANGLO PLATINUM LIMITED
ANGLO PLATINUM LIMITED 2006 INTERIM RESULTS PRESENTATION 31 July 2006 Overview Record earnings Strong PGM demand - firm prices Production growth continues Operational initiatives good progress BEE process
More informationMerrill Lynch Global Metals & Mining Conference. Presented by Cynthia Carroll, Chief Executive 12 May 2009
Merrill Lynch Global Metals & Mining Conference Presented by Cynthia Carroll, Chief Executive 12 May 2009 Agenda 1 Our Strategic Focus 2 Market Environment 3 Taking Rapid and Decisive Action 4 Pursuing
More informationSELECTED ECONOMIC INDICATORS... 2 INTERNATIONAL COMMODITY PRICE DEVELOPMENTS... 3 MERCHANDISE TRADE DEVELOPMENTS... 4 MONETARY DEVELOPMENTS...
JUNE i TABLE OF CONTENTS SELECTED ECONOMIC INDICATORS... 2 INTERNATIONAL COMMODITY PRICE DEVELOPMENTS... 3 MERCHANDISE TRADE DEVELOPMENTS... 4 MONETARY DEVELOPMENTS... 7 STOCK MARKET DEVELOPMENTS... 8
More informationResults for the half-year ended 31 December 2017
Results for the half-year These results are also available on: www.assore.com Assore Limited Registration number: 1950/037394/06 Share code: ASR ISIN: ZAE000146932 (Assore or group or company) Highlights
More informationToday s presentation
1 Today s presentation Implats Overview of results Market review Financial analysis Review of operations and expansion projects Corporate issues Prospects Barplats Review of operations 2 1 OVERVIEW OF
More informationDELIVERING ON OUR POTENTIAL. Bank of America Merrill Lynch 2017 Global Metals, Mining & Steel Conference: May 2017
DELIVERING ON OUR POTENTIAL Bank of America Merrill Lynch 2017 Global Metals, Mining & Steel Conference: May 2017 CAUTIONARY STATEMENT Disclaimer: This presentation has been prepared by Anglo American
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2004 YEAR END RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2004 YEAR END RESULTS PRESENTATION 14 February 2005 CEO overview Improved earnings Solid fundamental PGM demand Robust business model being implemented BEE compliance
More informationHeadline earnings increased by 51% to R4.8 billion including a R1 billion net fair value gain as a result of restructuring of the ARM Coal debt.
Headline earnings increased by 51% to R4.8 billion including a R1 billion net fair value gain as a result of restructuring of the ARM Coal debt. A final dividend of R7.50 per share is declared. A maiden
More informationANGLO AMERICAN SITE VISIT MOGALAKWENA MINE PLATINUM 23 NOVEMBER 2016
PLATINUM ANGLO AMERICAN SITE VISIT MOGALAKWENA MINE PLATINUM 23 NOVEMBER 2016 Mogalakwena Mine load and haul operations including rope shovel CAUTIONARY STATEMENT Disclaimer: This presentation has been
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2004 INTERIM RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2004 INTERIM RESULTS PRESENTATION 27 July 2004 2004 interim results CEO overview Improved earnings New management structures BEE compliance on track Outlook
More informationAnalyst Visit. Nico Muller. Business Leader Two Rivers Platinum
WE DO IT BETTER Analyst Visit 04 September 2007 Nico Muller Business Leader Two Rivers Platinum Agenda OPERATIONS REVIEW Nico Muller (Business Leader) SITE VISIT Underground North Decline Anthony Durrant
More informationNORTHAM PLATINUM AND THE BUSHVELD COMPLEX
NORTHAM PLATINUM AND THE BUSHVELD COMPLEX Operations on the Bushveld Complex Northam and associated operations Other operations Cities/towns Main roads Tumela N Thabazimbi Mogalakwena Mokopane Limpopo
More informationPlatinum Johnson Matthey. 17th May Good morning & welcome. Firstly, a review of the platinum market.
Platinum 2004 Johnson Matthey 17th May 2004 Good morning & welcome. Firstly, a review of the platinum market Platinum Demand edges up to 6.52 million oz Sustained by rising auto industry purchases But
More informationDEUTSCHE BRICS METALS AND MINING CONFERENCE
DEUTSCHE BRICS METALS AND MINING CONFERENCE Cynthia Carroll, Chief Executive 2 November 2011 CAUTIONARY STATEMENT Disclaimer: This presentation has been prepared by Anglo American plc ( Anglo American
More informationSouthern Africa regional superpower in the making. Dr Roelof Botha
Southern Africa regional superpower in the making Dr Roelof Botha Health sector focus Composition of Gauteng health budget FY 01 by programme (total R5. billion) R b Central Hospitals: 6.5 Facilities Management:.
More informationBarloworld Limited. Reviewed interim results to 31 March May 15, 2006
Barloworld Limited Reviewed interim results to 31 March 2006 May 15, 2006 BARLOWORLD IS A DIVERSIFIED INDUSTRIAL COMPANY Over 26 000 people in 31 countries Barloworld s way of doing business - market-leading
More informationCopper market outlook: Transitioning to deficits
Copper market outlook: Transitioning to deficits Prepared for: Nonferrous Metals Forum of the Shanghai Derivatives Market Forum, 25 th May 27 Prepared by: Erik Heimlich, Senior Consultant, Copper Price
More informationJPM Global Natural Resources
Fund Focus March 2012 JPM Global Natural Resources The Fund invests in specialised sectors and themes, primarily in natural resources companies globally, and is therefore subject to diversification, smaller
More informationValuation o f of E arly Early Stage Stage PGE rojects Projects and and The Global Outlook for PGEs PGEs René Hochreiter 28 October 2011
Valuation of Early Stage PGE Projects and The Global Outlook for PGEs René Hochreiter 28 October 2011 Valuation of Early Stage PGE Projects Mostly done by mark to market valuation Exploration Sector USD
More informationA Low Growth Trap Amidst the Skills Challenge in South Africa. Professor Haroon Bhorat DPRU, UCT 29 September 2016
A Low Growth Trap Amidst the Skills Challenge in South Africa Professor Haroon Bhorat DPRU, UCT 29 September 2016 Outline The South African Economy: The Genesis of An Emerging Market Growth Trap Economic
More informationANGLO AMERICAN PLATINUM 2015 ANNUAL RESULTS PRESENTATION 8 FEBRUARY 2016 PLATINUM
ANGLO AMERICAN PLATINUM 2015 ANNUAL RESULTS PRESENTATION 8 FEBRUARY 2016 PLATINUM CAUTIONARY STATEMENT Disclaimer: This presentation has been prepared by Anglo American Platinum Limited ( Anglo American
More informationYEAR-END RESULTS for the 12 months ended 30 September 2018
YEAR-END RESULTS 2018 for the 12 months ended 30 September 2018 HIGHLIGHTS AND GROUP STRATEGY DOMINIC SEWELA Group chief executive GROUP HIGHLIGHTS - 2018 HEPS growth % Total dividend per share (cents)
More informationPLATINUM QUARTERLY PRESENTATION Q London 8 th March, 2018
PLATINUM QUARTERLY PRESENTATION Q4 2017 London 8 th March, 2018 COPYRIGHT AND DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER: This publication is general and solely for educational purposes. The publisher,
More informationCommodity 30-Day Price Chart Commodity Prices Commodity Developments
WEEKLY ECONOMIC REVIEW Commodity 30-Day Price Chart Commodity Prices Commodity Developments 1,345 1,315 1,285 1,255 1,225 Gold Prices $/oz Daily US$/oz WoW % 14-Feb-14 1,320 17-Feb-14 1,328 18-Feb-14 1,321
More informationCorrection in a secular bull market?
5 reasons to be bullish for the coming decades 1. Super Cycles USA industrialization (about 40 years) 100 mn inhabitants Japan industrialization (about 20 years) 300 mn inhabitants China / India 8 years
More informationPRE CLOSED PERIOD UPDATE. Investment Community LEADERS IN MOBILITY. 10 May 2018
PRE CLOSED PERIOD UPDATE Investment Community LEADERS IN MOBILITY 10 May 2018 AGENDA GUIDANCE CONTEXT STRATEGY OPERATIONS REVIEW UNBUNDLING & EQUITY STORIES 2 GUIDANCE FOR 2018 WHAT HAS CHANGED? We anticipate
More informationFINANCE DIRECTOR S 1H14 PRE-CLOSE MESSAGE. To our stakeholders
EXXARO RESOURCES LIMITED Incorporated in the Republic of South Africa (Registration Number: 2000/011076/06) JSE share code: EXX ISIN: ZAE000084992 ADR code: EXXAY ( Exxaro ) FINANCE DIRECTOR S 1H14 PRE-CLOSE
More informationMerafe Resources Limited Deutsche Bank BRICS Metals & Mining Conference (London) 9-10 November 2009
Merafe Resources Limited Deutsche Bank BRICS Metals & Mining Conference (London) 9-10 November 2009 Legal Notice / Disclaimer 2 This presentation is published solely for informational purposes and does
More informationTHE CATALYST FOR CHANGE
THE CATALYST FOR CHANGE LBMA LPPM conference: Rome, 1 October 2013 Andrew Hinkly: Executive Head of Marketing - Anglo American Platinum Limited CAUTIONARY STATEMENTS Replace with new cautionary statement
More informationbuilding the nation s s future
Pretoria Portland Cement Company Limited building the nation s s future Deutsche Bank South Africa Conference London 19 20 June 2008 1 Index Prospects First half to 31 March 2008 Financial highlights Operational
More informationPLATINUM QUARTERLY PRESENTATION Q London 21 st November, 2017
PLATINUM QUARTERLY PRESENTATION Q3 2017 London 21 st November, 2017 COPYRIGHT AND DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER: This publication is general and solely for educational purposes. The publisher,
More informationSuperior Value Creation
Superior Value Creation Denver Gold Forum 2016 Neal Froneman Chief Executive Officer 19 September 2016 Disclaimer The information in this presentation may include forward-looking statements, which are
More informationWBHO AUDITED RESULTS 2013 AUDITED RESULTS
2013 AUDITED RESULTS CONTENTS 2 CONTENTS SUBJECT PRESENTER 1. Welcome Louwtjie Nel 2. Operating context and financial highlights Louwtjie Nel 3. Operational review Roads and earthworks Building and civil
More informationANGLO AMERICAN PLATINUM 2016 INTERIM RESULTS PRESENTATION 25 JULY 2016
PLATINUM ANGLO AMERICAN PLATINUM 2016 INTERIM RESULTS PRESENTATION 25 JULY 2016 Miss South Africa Platinum Crown 2013-2015 CAUTIONARY STATEMENT Disclaimer: This presentation has been prepared for Anglo
More informationThe mining sector in Africa
HIF, Freiberg 11.08.2015 The mining sector in Africa and the conflict minerals issue Table of contents Mining sector in Africa Artisanal and smallscale mining Conflict minerals Mining sector in Africa
More informationFISCAL YEAR 2004/05. Investor Relations June
FISCAL YEAR 2004/05 Investor Relations June 2005 www.voestalpine.com HIGHLIGHTS 2004/05 All-time high sales of 5.8 bn and EBIT of 553 (continued operations) Not included: 50 one-off-costs liquidation Matzner
More informationGlobal Top 500 Report of Mining and Metal,
Global Top 500 Report of Mining and Metal, 2008-2009 This top 500 report is based over 1,000 mining companies (excluding coal, petroleum and natural gas) and metal companies (excluding metalworks) are
More informationFor personal use only ACQUISITION OF BEST TRACTOR PARTS INVESTOR PRESENTATION
ACQUISITION OF BEST TRACTOR PARTS INVESTOR PRESENTATION 27 August 2012 CLICK TO EDIT MASTER TITLE 2 2 2 IMPORTANT NOTICE AND DISCLAIMER This presentation and these materials (together the Presentation
More informationImplats delivers improved first half performance
NEWS RELEASE For immediate release Salient Features: Safety Implats delivers improved first half performance Safe production remains a challenge at Impala and Marula Six fatal incidents reported during
More informationInterim results. for the six months ended 31 December We do it better
Interim results for the six months ended 31 December 2015 We do it better Interim results for the six months ended 31 December 2015 Shareholder information Issued share capital at 31 December 2015 Market
More informationHighveld Steel and Vanadium. Annual Results 31 December 2009
Highveld Steel and Vanadium Corporation Limited Annual Results 31 December 2009 Disclaimer 2 Forward looking statements This document may contain forward looking information and statements about Highveld
More informationA N N U A L R E S U L T S for the year ended 30 September Discover Develop Deliver
A N N U A L R E S U L T S for the year ended 30 September 2018 Discover Develop Deliver HIGHLIGHTS RECORD PRODUCTION YEAR FOR ALL PGM AND CHROME PRODUCTS FREE CASH FLOW PER SHARE US$ 18.9 cents (FY2017:
More informationEnergy and Mines World Congress: Scotiabank Metals Outlook
Energy and Mines World Congress: Scotiabank Metals Outlook November 27, 217 Rory Johnston Commodity Economist Scotiabank Economics A Tale of Two Growth Outlooks: World Picks Up Slack of Slowing China 5
More informationNampak 2013 Interim Results
Nampak 2013 Interim Results May 2013 1 Agenda Salient features Group results Operational review Strategic update Outlook 2 Salient Features Revenue up 7%, Africa up 19% Trading profit up 6% Profits from
More informationToyota Tsusho Corporation Reports Earnings for the Nine Months Ended December 31, 2017
FOR IMMEDIATE RELEASE Toyota Tsusho Corporation Reports Earnings for the Nine Months Ended December 31, 2017 Nagoya, Japan; February 2, 2018 Toyota Tsusho Corporation (TSE: 8015) reported consolidated
More informationANGLO AMERICAN PLATINUM ANNUAL PRESENTATION RESULTS 2011
ANGLO AMERICAN PLATINUM ANNUAL PRESENTATION RESULTS 2011 2011 KEY FEATURES Results commentary Notwithstanding a 52% reduction in fatalities since 2007, disappointingly, 12 employees lost their lives in
More informationDevelopment of new mine at Zimplats and Rustenburg s 17 Shaft to be restarted in two years
NEWS RELEASE For immediate release Development of new mine at Zimplats and Rustenburg s 17 Shaft to be restarted in two years Salient features: Safety Regrettably four employees suffered fatal injuries
More informationDelivering superior value. European Gold Forum April 2016
Delivering superior value European Gold Forum April 2016 Disclaimer Certain statements included in this presentation, as well as oral statements that may be made by Sibanye Gold, or by officers, directors
More informationAcquisition of the Rustenburg Operations
Acquisition of the Rustenburg Operations Disclaimer Certain statements included in this presentation, as well as oral statements that may be made by Sibanye or Anglo American Platinum, or by officers,
More informationArcelorMittal South Africa Achieving profit in a challenging market. Nonkululeko Nyembezi-Heita, CEO 31 May 2013
ArcelorMittal South Africa Achieving profit in a challenging market Nonkululeko Nyembezi-Heita, CEO 31 May 2013 Disclaimer Forward-Looking Statements This presentation may contain forward-looking information
More informationForward looking statement
The PGM market conundrum 16 November 2016 Deutsche Bank ADR Virtual Investor Conference Forward looking statement 2 Certain statements contained in this presentation other than the statements of historical
More informationPlatinum th May 2005
Platinum 2005 16th May 2005 Platinum Demand + 1% million oz 7 6 5 4 3 Demand edged up to a new high of 6.58 million oz Strong growth from autocatalyst sector and industrial applications 2 1 0 2003 2004
More informationNEBC Coal Forum October 2013
NEBC Coal Forum October 2013 Forward-Looking & Non-GAAP Statements Except for historical information contained herein, the statements in this document are forward-looking and made pursuant to the safe
More informationANGLO COAL. Investor Presentation August Investor Presentations August
ANGLO COAL Investor Presentation August 2005 1 Investor Presentations August 2005 1 Participants John Wallington Chief Executive Officer Anglo Coal Norman Mbazima Chief Financial Officer Anglo Coal Roger
More informationKwaZulu-Natal Business Barometer
KwaZulu-Natal Business Barometer April 2014 Ex-Joshua Doore building 270 Jabu Ndlovu Street Pietermaritzburg Tel: +27 33 264 2500 Email: info@kznded.gov.za Web: www.kznded.gov.za Treasury House 145 Chief
More informationSnap-on to Acquire ProQuest Business Solutions. Snap-on Announces 2006 Third-quarter Results. Accelerates Snap-on s Profitable Growth Strategy.
Snap-on to Acquire ProQuest Business Solutions Accelerates Snap-on s Profitable Growth Strategy and Snap-on Announces 2006 Third-quarter Results October 23, 2006 Cautionary Statement These slides should
More information2016 Investor Presentation Bank of America Merrill Lynch - Global Metals & Mining Conference 11 May ASX: SGM USOTC: SMSMY
2016 Investor Presentation Bank of America Merrill Lynch - Global Metals & Mining Conference 11 May 2016 ASX: SGM USOTC: SMSMY www.simsmm.com Business Highlights Company Global leader in metals and electronics
More informationMetals Outlook: The Good, The Middling & The Unlucky
Metals Outlook: The Good, The Middling & The Unlucky November 21, 217 Rory Johnston Commodity Economist Scotiabank Economics A Tale of Two Growth Stories: World Picks Up Slack of Slowing China 5 4 G OECD
More informationMETAIR INVESTMENTS LIMITED
METAIR INVESTMENTS LIMITED Year-end results for the 12-months ended 31 December 2008 COVER IMAGE: A 3-D rendering of a prototype vehicle serves two purposes for this report. Firstly, our stakeholders get
More informationDelivering superior value. BoAML Global Metals, Mining and Steel conference May 2016
Delivering superior value BoAML Global Metals, Mining and Steel conference May 2016 Disclaimer Certain statements included in this presentation, as well as oral statements that may be made by Sibanye Gold,
More informationANGLO AMERICAN PLATINUM CORPORATION LIMITED 2003 RESULTS PRESENTATION
ANGLO AMERICAN PLATINUM CORPORATION LIMITED 2003 RESULTS PRESENTATION 16 February 2004 2003 results presentation CEO overview 2003 performance Exciting market Progress on delivery Addressing cost base
More informationThe third quarter s profit for the period was billion yen, down by 11.1 billion yen year-on-year.
The third quarter s profit for the period was 241.8 billion yen, down by 11.1 billion yen year-on-year. One-off profits and losses are shown beneath it. In the same period of the previous fiscal year,
More informationAfrican Iron Ore Metal Bulletin, Johannesburg, 6-8 November Alan Davies, Chief executive Diamonds and Minerals, Rio Tinto
African Iron Ore Metal Bulletin, Johannesburg, 6-8 November Alan Davies, Chief executive Diamonds and Minerals, Rio Tinto 6-8 November 2012 Metal Bulletin African Iron Ore Conference 2012, Rio Tinto, All
More informationFinancial results
www.arcelormittalsa.com Financial results for the year ended December 2012 www.arcelormittalsa.com Overview CEO Safety - Journey to Zero OVERVIEW Unit 2011 LTIFR 2012 LTIFR Comments AMSA 1.24 0.61 No fatalities
More informationBarloworld Limited. Interim results for the six months to 31 March May 2013
Barloworld Limited Interim results for the six months to 31 March 2013 20 May 2013 Overview Clive Thomson CEO, Barloworld Limited Salient features Revenue up 11% to R31.3bn Operating profit up 14% to R1
More informationQ Operating and strategic update
Q3 2018 Operating and strategic update Neal Froneman Chief Executive Officer 1 November 2018 1 Disclaimer NOT FOR RELEASE, PRESENTATION, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM
More informationFull Year Results Presentation 22 August 2011
Full Year Results Presentation 22 August 2011 Summary $5.4m trading NPAT profit, a 32% increase on FY10 trading NPAT of $4.1m. $37.7m reported NPAT loss for FY11, including $39.1m one-off impairments and
More informationKey market performance drivers
Key market performance drivers Monthly charts September 2016 1 Market returns concentration One-year returns ending: September-16 August-16 July-16 NASPERS NASPERS NASPERS SIBANYE GOLD LTD SIBANYE GOLD
More information12 month overview. Operational Overview. Financial Results. Conclusion
Annual Results 12 months ended 29 ruary 2016 Agenda 12 month overview Operational Overview Financial Results Conclusion 2 1 12 month overview Reasonable financial performance in current market All Business
More informationAcquisition of Aquarius Platinum Limited. 6 October 2015
Acquisition of Aquarius Platinum Limited 6 October 2015 Disclaimer Certain statements included in this presentation, as well as oral statements that may be made by Sibanye Gold Limited ( Sibanye ) or Aquarius
More informationCaterpillar Inc. 4Q 2007 Earnings Release
January 25, 2008 Caterpillar Inc. 4Q 2007 Earnings Release FOR IMMEDIATE RELEASE Global Strength Powers Caterpillar to Record Sales and Profit; Company Reaffirms 2008 Outlook for Another Year of Record
More informationRobin Levison Industrea Limited
Robin Levison Industrea Limited ASX Conference, Hong Kong Robin Levison Managing Director & CEO 29 October 2009 Disclaimer This presentation for Industrea Limited is designed to provide a high level overview
More informationMartin Lindqvist, President & CEO Marco Wirén, CFO April 29, 2011
Results for the first quarter 2011 Martin Lindqvist, President & CEO Marco Wirén, CFO April 29, 2011 Forward-looking statements The presentation and the materials constituting it contain certain statements
More informationBank of America Merrill Lynch Global Metals, Mining & Steel Conference. Iván Arriagada CEO Antofagasta Minerals 12 May 2015
Bank of America Merrill Lynch Global Metals, Mining & Steel Conference Iván Arriagada CEO Antofagasta Minerals 12 May 2015 Cautionary statement This presentation has been prepared by Antofagasta plc. By
More informationThe Bright Future of the Palladium Market
The Bright Future of the Palladium Market Denis Sharypin Head of Market Research, Nornickel OCTOBER 16, 2017 BARCELONA THE LBMA/LPPM PRECIOUS METALS CONFERENCE 2017 Stagnating Pd Mine Supply 2 Palladium
More informationVictoria University. David Gruen Australian Treasury 23 February Is the resources boom an example of Dutch
The resources boom and structural change in the Australian economy Victoria University David Gruen Australian Treasury February Outline The resources boom Structural change in the Australian traded sector
More informationThis is the Global Economic, Scrap Metal, Commodities and Recycling Report, by BENLEE Roll off Trailers and Open Top Scrap Haulers, October 15, 2018.
This is the Global Economic, Scrap Metal, Commodities and Recycling Report, by BENLEE Roll off Trailers and Open Top Scrap Haulers, October 15, 2018. Last week commodity prices and economic reports were
More informationFMConsulting CEO Peter Heidinger gives a presentation on "Market Entry in Turkey" in Investing in Romania, Poland, Turkey and China Conference, Italy.
FMConsulting CEO Peter Heidinger gives a presentation on "Market Entry in Turkey" in Investing in Romania, Poland, Turkey and China Conference, Italy. December 13, 2013 Padova, Italy Eurointerim International
More informationLonmin Plc. Standard Chartered Earth Conference, Hong Kong. Albert Jamieson Chief Commercial Officer June 2012
Lonmin Plc Standard Chartered Earth Conference, Hong Kong Albert Jamieson Chief Commercial Officer 20-21 June 2012 Contents Introduction PGM Markets Operational Performance Operating Environment Lonmin
More informationPreliminary Annual. National Accounts. Preliminary Annual National Accounts 2016
Preliminary Annual National Accounts 2016 Preliminary Annual National Accounts 2016 1 Mission Statement In a coordinated manner produce and disseminate relevant, quality and timely statistics that are
More informationWe do it better. Provisional results for the year ended 30 June 2013
We do it better Provisional results for the year ended 30 June 2013 Provisional results for the year ended 30 June 2013 Shareholder information Issued share capital at 30 June 2013 Market capitalisation
More information