THARISA PLC - Annual Results for the year ended 30 September 2021

Annual Results for the year ended 30 September 2021

Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company')


ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Tharisa is an integrated resource group critical to the energy transition and decarbonisation of economies. It
incorporates mining, processing, exploration and the beneficiation, marketing, sales, and logistics of PGMs
and chrome concentrates, using innovation and technology as enablers. Its principal asset is the Tharisa Mine
located in the South-Western Limb of the Bushveld Complex, South Africa. The mechanised mine has a
20-year open pit life and the ability to extend operations underground by at least an additional 40 years.
Tharisa also owns Salene Chrome, a development stage, low cost, open pit asset, located adjacent to the
Great Dyke in Zimbabwe.

SAFETY
Six years fatality free

REEF MINED
5.38 Mt
(2020: 4.97 Mt)
+8.2%

PGM PRODUCTION (5PGE + AU)
157.8 koz
(2020: 142.1 koz)
+11.0%

CHROME CONCENTRATE PRODUCTION
1.51 Mt
(2020: 1.34 Mt)
+12.7%

REVENUE
US$596.3 m
(2020: US$406.0 m)
+46.9%

OPERATING PROFIT
US$178.8 m
(2020: US$87.6 m)
+104.1%

EBITDA
US$224.3 m
(2020: US$113.4 m)
+97.8%
PROFIT BEFORE TAX
US$185.3 m
2020: US$75.8 m)
+144.5%

EARNINGS PER SHARE
US 37.4 cents
(2020: US 16.2 cents)
+130.9%

HEADLINE EARNINGS PER SHARE
US 38.3 cents
(2020: US 16.9 cents)
+126.6%

TOTAL DIVIDEND
US 9.0 cents
(2020: US 3.5 cents)
+157.1%

This short form announcement is the responsibility of the directors and is only a summary of the information
in the full announcement. The full announcement was released on SENS and RNS on 2 December 2021, and
can be found on the Company’s website at www.tharisa.com and can also be viewed here,
https://senspdf.jse.co.za/documents/2021/jse/isse/THA/FYresults.pdf. Copies of the announcement may
also be requested at the Company’s registered office, at no charge, during office hours.

Any investment decision should be based on the full announcement published on SENS and RNS.

Ernst & Young Cyprus Limited has expressed an unmodified audit opinion in the Independent Auditor’s
Report dated 1 December 2021 on the audited consolidated financial statements. That report also includes
the communication of key audit matters and is available on the Company’s website:
https://www.tharisa.com/pdf/investors/annual-results/2021/independent-auditors-report.pdf.



By order of the Board
P Pouroulis Chief Executive Officer             MG Jones Chief Finance Officer

2 December 2021

DIRECTORS
Loucas Pouroulis (Executive Chairman)
Phoevos Pouroulis (Chief Executive Officer)
Michael Jones (Chief Finance Officer)
Carol Bell (Lead Independent Director)
David Salter (Independent non-executive director)
Antonios Djakouris (Independent non-executive director)
Omar Kamal (Independent non-executive director)
Roger Davey (Independent non-executive director)
Shelley Wai Man Lo (Non-executive director)
Zhong Liang Hong (Non-executive director)
REGISTERED ADDRESS
Office 108 – 110
S. Pittokopitis Business Centre
17 Neophytou Nicolaides and Kilkis Streets, 8011 Paphos, Cyprus
www.tharisa.com

GROUP COMPANY SECRETARY
Sanet Findlay
The Crossing, 372 Main Road
Bryanston, Johannesburg, 2021
South Africa
Email: secretarial@tharisa.com

ASSISTANT COMPANY SECRETARY
Lysandros Lysandrides
31 Evagoras Ave
6th Floor Evagoras House
1066 Nicosia
Cyprus

TRANSFER SECRETARIES
Computershare Investor Services Proprietary Limited, Cymain Registrars Limited

SPONSOR
Investec Bank Limited

INVESTOR RELATIONS CONTACTS:
Ilja Graulich (Head of Investor Relations and Communications)
+27 11 996 3500
+27 83 604 0820
igraulich@tharisa.com


FINANCIAL PR CONTACTS:
Bobby Morse / Ariadna Peretz / James Husband
+44 020 7466 5000
tharisa@buchanan.uk.com

BROKER CONTACTS:
Peel Hunt LLP (UK Joint Broker)
Ross Allister / David McKeown / Alexander Allen
+44 207 7418 8900

BMO Capital Markets Limited (UK Joint Broker)
Thomas Rider / Pascal Lussier Duquette / Nick Macann
+44 020 7236 1010

Berenberg (UK Joint Broker)
Matthew Armitt / Jennifer Wyllie / Varun Talwar / Detlir Elezi
+44 20 3207 7800
Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Carlyle Whittaker
+27 11 294 0061


DISCOVER DEVELOP DELIVER DIVERSIFY


Enriching lives through innovating the resources company of the future
www.tharisa.com

Date: 02-12-2021 07:05:00
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