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 2021 (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.