Page 81 - Profile's Stock Exchange Handbook 2020 Issue 4

Profile’s Stock Exchange Handbook: 2020 – Issue 4 JSE – AFR
WEBSITE: www.arm.co.za
African Rainbow Minerals Ltd. TELEPHONE: 011-779-1300
FAX: 011-779-1312
AFR
COMPANY SECRETARY: Alyson D’Oyley
TRANSFER SECRETARY: Computershare
Investor Services (Pty) Ltd.
SPONSOR: Investec Bank Ltd.
AUDITORS: Deloitte, Ernst & Young Inc.
BANKERS: ABSA Bank Ltd., FirstRand Bank Ltd.,
Scan the QR code to NedbankLtd.,StandardBankofSouthAfricaLtd.
visit our website
SEGMENTAL REPORTING as at 30 Jun 20 (asa%of Sales)
ISIN: ZAE000054045 SHORT: ARM CODE: ARI Ferrous 57.42%
REG NO: 1933/004580/06 FOUNDED: 1933 LISTED: 1988
Platinum 38.54%
Coal 3.86%
NATURE OF BUSINESS: Corporate 0.18%
ARM is a diversified South African mining company with
longlife, low unit-cost operations in key commodities. ARM, CALENDAR Expected Status
its subsidiaries, jointventures, jointoperationsandassociates Annual General Meeting Dec 2020 Unconfirmed
explore, develop, operate and hold interests in the mining and Next Interim Results Feb 2021 Unconfirmed
minerals industry. Next Final Results Aug 2021 Unconfirmed
The current operational focus is on precious metals, base
metals, ferrous metals and alloys, which include platinum CAPITAL STRUCTURE AUTHORISED ISSUED
group metals, nickel, coal, iron ore, manganese ore and ferro- ARI Ords 5c ea 500 000 000 223 325 857
manganese. ARM also has an investment in Harmony Gold DISTRIBUTIONS [ZARc]
Mining Company Ltd. Ords 5c ea Ldt Pay Amt
Final No 123 29 Sep 20 5 Oct 20 700.00
SECTOR: Basic Materials—Basic Resrcs—Mining—Gen Mining Interim No 122 17 Mar 20 23 Mar 20 500.00
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2020 Final No 121 23 Sep 19 30 Sep 19 900.00
African Rainbow Minerals & Exploration Investments 39.64% Interim No 120 2 Apr 19 8 Apr 19 400.00
Government Employees Pension Fund (PIC) 7.83%
ARM Broad-Based Economic Empowerment Trust 7.10% LIQUIDITY: Sep20 Ave 3m shares p.w., R486.6m(71.2% p.a.)
MINI 40 Week MA ARM
FINANCIAL STATISTICS
28603
(R million) Jun 20 Jun 19 Jun 18 Jun 17 Jun 16
Final Final Final(rst) Final Final 23610
Turnover 12 386 9 596 9 112 9 019 9 019
Op Inc 3 271 784 1 710 214 653 18618
IntPd - 49 - 25 183 185 153
13625
Tax 1 076 242 573 - 409 - 10
Minority Int 1 069 300 260 60 - 192 8633
Att Inc 3 965 3 554 4 562 1 372 - 565
3640
TotCompIncLoss 7 562 4 497 4 274 - 50 1 278 2015 | 2016 | 2017 | 2018 | 2019 | 2020
Hline Erngs-CO 5 534 5 226 4 814 3 916 1 051
Fixed Ass 7 235 7 062 7 916 7 801 10 966 Recent Announcements
Investments 5 635 2 648 1 561 1 573 3 521 ARM final results June 2020 - Monday, 31 August 2020: Revenue for
Def Tax Asset - 485 620 656 151 the year increased to R12.386 billion (2019: R9.596 billion),
Tot Curr Ass 10 747 8 085 6 324 5 858 4 536 gross profit came in higher at R4.161 billion (2019: R1.385
Ord SH Int 32 080 28 173 25 907 23 497 23 819 billion), profit for the year attributable to equity holders of ARM
Non-Cont Int 2 028 1 530 1 471 543 762 increased to R3.965 billion (2019: R3.554 billion), while
LT Liab 5 550 4 211 4 513 4 465 6 850 headline earnings per share grew to 2 850 cents per share (2019:
Tot Curr Liab 2 890 3 302 2 414 3 741 3 696
2 718 cents per share).
PER SHARE STATISTICS (cents per share) Dividends
EPS (ZARc) 2 042.00 1 848.00 2 393.00 723.00 - 265.00 ARM aims to pay ordinary dividends to shareholders equal to ap-
HEPS-C (ZARc) 2 850.00 2 718.00 2 526.00 1 684.00 494.00
Pct chng p.a. 4.9 7.6 50.0 240.9 - 38.5 proximately 40-70% of annual dividends received from its group
Tr 5yr av grwth % 53.0 40.5 40.8 32.3 - 15.5 companies. Dividends remain at the discretion of the board of
DPS (ZARc) 1 200.00 1 300.00 1 000.00 650.00 225.00 directors which considers the company’s capital allocation
Pct chng p.a. - 7.7 30.0 53.8 188.9 - 35.7 guidingprinciplesaswellasother relevant factorssuchas
Tr 5yr av grwth % 45.9 39.1 36.6 27.3 - 9.4 financial performance, commodities outlook, investment oppor-
NAV PS (ZARc) 14 365.00 12 690.00 11 792.00 10 744.00 10 925.00 tunities, gearing levels as well as solvency and liquidity require-
3 Yr Beta 1.86 1.40 0.89 0.92 0.78 ments of the Companies Act. ARM aims to pay an interim and
Price High 19 327 18 799 14 097 12 690 11 600
final dividend. The weighting between the interim and final
Price Low 8 206 10 680 7 801 6 726 3 481 dividends is likely toresult inthefinal dividend beinghigher than
Price Prd End 16 915 18 217 10 910 8 431 9 200 the interim dividend. ARM does not borrow funds to pay
RATIOS
dividends. For F2020, theboardhasapprovedanddeclaredafinal
Ret on Equity 17.30 18.50 18.60 13.60 4.40
ROOA 18.20 5.20 12.00 1.80 4.20 dividend of 700 cents per share (gross) (F2019: 900 cents per
Oper Pft Mgn 28.10 8.90 20.50 2.60 8.00 share).TheamounttobepaidisapproximatelyR1563million.
Net D:E -11.00 - 9.00 - 4.00 5.00 17.00 Company outlook
Int Cover 20.60 19.10 16.70 9.20 6.10 The COVID-19 pandemic is having pronounced health,
Current Ratio 3.72 2.40 2.60 1.70 1.20 economicand societal impacts, the effects of which are expected
Div Cover 1.70 2.09 2.53 2.59 2.19 to remain for a long time to come. In January 2020 the World
NUMBER OF EMPLOYEES: 21 417 Bank forecasted that global gross domestic product (GDP)
DIRECTORS: Magagula J (Executive), Arnold M (ne, UK), would grow by 2.5% in the 2020 calendaryear. This forecastwas
BoardmanTA(ind ne), BothaAD(ind ne), Mkatshana H L,
Noko D (ind ne), Simelane DrRV(ind ne), SteenkampJC(ne), revised to a contraction of global GDP of 5.2% in June 2020 as
Schmidt M P (CEO), Mukhuba A (CFO), Motsepe Dr P T (Exec Chair), risks presented by COVID-19 were factored in. Encouragingly,
Abbott F (ind ne), Bakane-Tuoane DrMM(ind ne), many countries have started to see reduced COVID-19 infection
ChissanoJA(ind ne, Moz), GuleWM(ind ne), MaditsiAK(ld ind ne) rates and are gradually easing lockdown restrictions and
POSTAL ADDRESS: PO Box 786136, Sandton, 2146 opening up their economies.
EMAIL: ir.admin@arm.co.za
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