Page 127 - Profile's Stock Exchange Handbook 2020 Issue 4

Profile’s Stock Exchange Handbook: 2020 – Issue 4 JSE – EXX
Exxaro Resources Ltd. CALENDAR Expected Status
Next Final Results Mar 2021 Unconfirmed
EXX
Annual General Meeting May 2021 Unconfirmed
Next Interim Results Aug 2021 Unconfirmed
CAPITAL STRUCTURE AUTHORISED ISSUED
EXX Ords 1c ea 500 000 000 358 706 754
DISTRIBUTIONS [ZARc]
Ords 1c ea Ldt Pay Amt
Interim No 35 21 Sep 20 28 Sep 20 643.00
ISIN: ZAE000084992 SHORT: EXXARO CODE: EXX Final No 34 21 Apr 20 28 Apr 20 566.00
REG NO: 2000/011076/06 FOUNDED: 2000 LISTED: 2001
Interim No 33 8 Oct 19 14 Oct 19 864.00
Special No 4 8 Oct 19 14 Oct 19 897.00
NATURE OF BUSINESS:
Exxaro, a public company incorporated in South Africa and LIQUIDITY: Sep20 Ave 6m shares p.w., R772.6m(83.1% p.a.)
listed on the JSE, is a large South African-based diversified MINI 40 Week MA EXXARO
resources group, with interests in the coal, TiO2, ferrous and
energy markets.
20466
SECTOR: Basic Materials—Basic Resrcs—Mining—Coal
16402
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2019
Eyesizwe RF (Pty) Ltd. 30.00%
Public Investment Corporation Ltd (SOC) 10.52% 12339
Prudential Investment Managers 7.30%
8275
FINANCIAL STATISTICS
(R million) Jun 20 Dec 19 Dec 18 Dec 17 Dec 16 2015 | 2016 | 2017 | 2018 | 2019 | 2020 4212
Interim Final Final Final Final
Turnover 14 078 25 726 25 491 22 813 20 897 Recent Announcements
Op Inc 4 069 4 269 5 703 975 4 623 Friday, 14 August 2020: Exxaro shareholders are advised that
NetIntPd(Rcvd) 321 37 322 611 628
Tax 581 968 1 653 1 542 1 179 following the notification by Eskom Holdings SOC Ltd.
Minority Int 1 224 260 32 50 12 (‘Eskom’) calling force majeure on the agreements for the
Att Inc 4 334 9 809 7 030 5 982 5 679 supply of coal from Exxaro Coal (Pty) Ltd. to the Medupi and
TotCompIncLoss 5 748 9 359 7 308 4 680 4 741 Matimba power stations, a notice was received from Eskom,
Hline Erngs-CO 3 279 7 437 6 568 2 120 5 155 advising that the force majeure event was withdrawn with
Fixed Ass 39 766 33 562 28 825 24 362 21 972 immediate effect. As Eskom has been taking coal in accordance
Inv in Assoc 16 066 15 056 15 477 15 810 21 518 with the terms of the supply agreements, the impact of the force
Fin Assets 2 812 2 674 2 634 - - majeure event has been largely neutralized.
Def Tax Asset 753 467 523 571 415
Tot Curr Ass 11 633 9 121 7 641 10 844 9 842 Exxaro reaffirms its view that this event did not constitute a
Ord SH Int 37 727 34 776 41 846 40 103 35 875 force majeure, as the power stations have been capable of
Minority Int 8 914 8 111 - 701 - 738 - 788 supplying power and Exxaro continues to reserve its rights in
LT Liab 22 812 19 364 15 745 17 442 16 282 this regard.
Tot Curr Liab 9 193 5 179 6 823 3 956 7 461 Exxaro interim results June 2020 - Thursday, 13 August 2020:
PER SHARE STATISTICS (cents per share) Revenue for the interim period increased to R14.078 billion
EPS (ZARc) 1 727.00 3 908.00 2 801.00 1 923.00 1 600.00 (2019: R11.961 billion), net operating profit increased to
HEPS-C (ZARc) 1 307.00 2 962.00 2 617.00 682.00 1 452.00 R4.069 billion (2019: R2.377 billion), profit attributable to
Pct chng p.a. - 11.7 13.2 283.7 - 53.0 153.4 owners of the parent decreased to R4.334 billion (2019: R6.499
Tr 5yr av grwth % - 67.8 63.8 13.1 16.7
DPS (ZARc) 643.00 1 430.00 1 085.00 700.00 500.00 billion), while headline earningsper share fromcontinuingoper-
Pct chng p.a. - 31.8 55.0 40.0 233.3 ations came to 1 307 cents per share (2019: 1 663 cents per
Tr 5yr av grwth % - 58.4 49.1 40.1 24.6 share).
NAV PS (ZARc) 10 517.50 9 694.83 11 665.80 11 179.88 10 017.72 Interim dividend
3 Yr Beta 1.01 1.24 0.89 1.23 0.41 Notice is hereby given that a gross interim cash dividend,
Price High 14 588 18 345 16 988 16 567 11 428 number 35, of 643 cents per share, for the six-month period
Price Low 7 507 10 860 10 192 8 301 4 002 ended 30 June 2020was declared, andis payabletoshareholders
Price Prd End 13 044 13 114 13 787 16 250 8 950 of ordinary shares. For details of the dividend, please refer to
RATIOS note 11 of the reviewed condensed group interim financial state-
Ret on SH Fnd 23.83 23.48 17.16 15.32 16.22
Ret On Tot Ass 16.01 12.89 13.17 6.92 11.28 mentsasatandforthesix-monthperiodended30June2020.
Oper Pft Mgn 28.90 16.59 22.37 4.27 22.12 Outlook - Economic context
D:E 0.60 0.48 0.43 0.44 0.48 For 2H20, the re-starting of the global economy is anticipated to
Int Cover 12.68 115.38 17.73 1.60 7.36 bring economic growth recovery. However, the uncertainty
Current Ratio 1.27 1.76 1.12 2.74 1.32 about the impact of the COVID-19 virus makes any assessment
Div Cover 2.69 2.73 2.58 2.75 3.20
of the global economic outlook challenging. The impact of the
NUMBER OF EMPLOYEES: 8 500 COVID-19 lockdown on South Africa’s fragile public finances
DIRECTORS: Fraser-MoleketiGJ(ld ind ne),
Mbatha L (ne), MntamboVZ(ne), has been devastating, with gross government debt as a percent-
MoffetMJ(ind ne), MophatlaneLI(ind ne), age of GDP likely to rise significantly together with debt service
MyburghEJ(ind ne), Nkonyeni V (ind ne), costs. These fiscal imbalances will have a knock-on effect on the
Snyders MrPCCH(ind ne), economic recovery path for South Africa into 2H20. During
van Rooyen J (Chair, ind ne),
MgojoMDM (CEO), Koppeschaar P A (CFO) 1H20, the ZAR depreciated to an all-time low in March, beforeit
POSTAL ADDRESS:POBox9229, Pretoria,0001 retractedsignificantlyinJune.Thereversiontoarisk-onenviron-
EMAIL: investorrelations@exxaro.com Scan the QR code to ment, as a result of the easing of global COVID-19 lockdown re-
WEBSITE: www.exxaro.com visit our website strictions, supported the ZAR; however, the rand/dollar
TELEPHONE: 012-307-5000 exchange rate is expected to remain volatile during 2H20.
FAX: 012-323-3400
COMPANY SECRETARY: S E van Loggerenberg For Exxaro’s outlook on commodity markets and price, as well
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. as operational performance, please refer to page 10 of the
SPONSOR: Absa Bank Ltd. reviewed condensed group interim financial statements for the
AUDITORS: PwC Inc. six-month period ended 30 June 2020.
BANKERS: Absa Bank Ltd.
125