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ANGLO AMERICAN PLATINUM LIMITED - Anglo American Platinum - Trading statement for the six months ending 30 June 2021

Release Date: 20/07/2021 08:00
Code(s): AMS     PDF:  
Wrap Text
Anglo American Platinum - Trading statement for the six months ending 30 June 2021

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“the Company" or "Anglo American Platinum")

Anglo American Platinum - Trading statement for the six months ending 30 June 2021

Anglo American Platinum will release results for the six months ended 30 June 2021 (“the period”) on the
Johannesburg Stock Exchange News Service on 26 July 2021.

In accordance with section 3.4(b) of the JSE Limited Listings Requirements, shareholders are advised that
headline earnings and headline earnings per share (“HEPS”) for the period are likely to increase by between
560% and 578% compared to the six months ended 30 June 2020 (the “prior period”). Headline earnings are
likely to be between R45.5 billion and R46.8 billion (R6.9 billion in H1 2020) and HEPS will increase to between
17,300 cents and 17,795 cents per share (2,627 cents in H1 2020).

Basic earnings and earnings per share (“EPS”) for the period are likely to increase by between 581% and 600%
compared to the prior period. Basic earnings are likely to be between R45.5 billion and R46.8 billion (R6.7 billion
in H1 2020) and EPS is expected to be between 17,300 cents and 17,795 cents per share (2,546 cents in H1
2020).

The expected increase in headline earnings and basic earnings is primarily driven by a 29% increase in the
rand basket price and an increase in sales volumes from own production (excluding trading activities). The
recovery in production in the period is due to a lower impact from Covid-19, where the prior period was materially
impacted by national lockdowns to curb the spread of Covid-19, as well as proven operational stability following
the rebuild and recommissioning of the ACP Phase A unit in November 2020.

The financial information on which this trading statement is based has been reviewed, but not yet reported on,
by the Company’s external auditors.

Johannesburg
20 July 2021

Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities.

For further information, please contact:


Investors:                                         Media:
Emma Chapman                                       Jana Marais
(SA) +27 (0)76 480 1570                            (SA) +27 (0)79 932 1586
emma.chapman@angloamerican.com                     jana.marais@angloamerican.com


Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is a leading primary
producer of platinum group metals. The company is listed on the Johannesburg Securities Exchange (JSE).
                                                                                    

Its mining, smelting and refining operations are based in South Africa. Elsewhere in the world, the Group owns
Unki Platinum Mine and smelter in Zimbabwe. Anglo American Platinum has a number of joint operations with
several historically disadvantaged South African consortia as part of its commitment to the transformation of
the mining industry. Anglo American Platinum is committed to the highest standards of safety and continues
to make a meaningful and sustainable difference in the development of the communities around its operations.

www.angloamericanplatinum.com

Anglo American is a leading global mining company and our products are the essential ingredients in almost
every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future
development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more
sustainable world that meet the fast growing every day demands of billions of consumers. With our people at
the heart of our business, we use innovative practices and the latest technologies to discover new resources
and to mine, process, move and market our products to our customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality
iron ore and metallurgical coal for steelmaking, and nickel – with crop nutrients in development – we are
committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan
commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving
communities and building trust as a corporate leader. We work together with our business partners and diverse
stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and
countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining
mining to improve people’s lives.

www.angloamerican.com

Date: 20-07-2021 08:00:00
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