Page 135 - Profile's Stock Exchange Handbook - 2021 issue 1

Profile’s Stock Exchange Handbook: 2021 – Issue 1 JSE – GOL
TELEPHONE: 011-562-9700
Gold Fields Ltd. FAX: 011-562-9829
GOL COMPANY SECRETARY: TarynHarmse(Acting)
ISIN: ZAE000018123 TRANSFER SECRETARY: Computershare
SHORT: GFIELDS Investor Services (Pty) Ltd.
CODE: GFI SPONSOR: JP Morgan Equities South Africa Ltd.
REG NO: 1968/004880/06
FOUNDED: 1998 AUDITORS: PwC Inc.
LISTED: 1998 BANKERS: Standard Bank of SA Ltd.
Scan the QR code to
NATURE OF BUSINESS: visit our website
Gold Fields is a globally
diversified producer of gold CALENDAR Expected Status
with nine operating mines Next Final Results 18 Feb 2021 Confirmed
(including our Asanko joint venture) in Australia, Ghana, Peru Annual General Meeting 4 May 2021 Confirmed
and South Africa, as well as one project in Chile, with total Next Interim Results May 2021 Unconfirmed
attributable gold-equivalent annual production of approximately CAPITAL STRUCTURE AUTHORISED ISSUED
2.2Moz, Mineral Reserves of approximately 51Moz and Mineral GFI Ords 50c ea 1 000 000 000 883 333 518
Resources of approximately 116Moz. Gold Fields has a primary DISTRIBUTIONS [ZARc]
listing on the JSE, with a secondary listing on the NYSE. Ords 50c ea Ldt Pay Amt
Interim No 92 8 Sep 20 14 Sep 20 160.00
SECTOR: Basic Materials—Basic Resrcs—Mining—Gold Mining Final No 91 10 Mar 20 16 Mar 20 100.00
MAJOR ORDINARY SHAREHOLDERS as at 28 Aug 2020 Interim No 90 3 Sep 19 9 Sep 19 60.00
VanEck Global (New York) 9.79% Final No 89 12 Mar 19 18 Mar 19 20.00
Public Investment Corporation (Pretoria) 8.10% LIQUIDITY: Nov20 Ave 18m shares p.w., R2 282.5m(103.8% p.a.)
BlackRock Investment Mgt (London) 5.23%
GLDX 40 Week MA GFIELDS
FINANCIAL STATISTICS
(USD million) Jun 20 Dec 19 Dec 18 Dec 17 Dec 16
Interim Final Final(rst) Final Final 23759
Wrk Revenue 1 754 2 967 2 578 2 762 2 750
Wrk Pft 682 934 535 657 1 362 18637
NetIntPd(Rcd) 41 82 67 62 59
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Tax 103 176 - 66 173 192
Minority Int 5 13 3 11 11 8394
Att Inc 156 162 - 348 - 19 163
TotCompIncLoss - 140 229 675 255 295 2015 | 2016 | 2017 | 2018 | 2019 | 2020 3272
Ord SH Int 2 972 2 909 2 707 3 403 3 190
LT Liab 1 727 1 851 2 216 1 909 1 820 Recent Announcements
Def Tax Liab 404 434 455 454 466 Thursday, 12 November 2020: Gold Fields provided an operational
Cap Employed 5 103 5 194 5 378 5 766 5 475 update for the quarter ended 30 September 2020. Detailed
Mining assets 4 374 4 657 4 259 4 893 4 548 financial and operational results are provided on a six-monthly
Inv & Loans 380 327 460 276 190 basis i.e. at the end of June and December.
Def Tax Asset 238 266 270 72 49
Other Ass 218 211 194 188 177 Balance sheet
Tot Curr Ass 1 562 1 101 727 1 114 1 053 Gold Fields remains in a strong financial position. During Q3
Tot Curr Liab 1 669 1 368 532 854 859 2020, there was a further decrease in the net debt balance
PER SHARE STATISTICS (cents per share) (including leases) to USD1,159m at 30 September 2020 from
EPS (ZARc) 323.64 289.20 - 599.34 - 26.66 294.00 USD1,239m at 30 June 2020, after taking into account the
HEPS-C (ZARc) 359.60 289.20 99.89 346.58 382.20 interim dividend payment of USD85m. This implies a net debt
Pct chng p.a. 148.7 189.5 - 71.2 - 9.3 803.3 to EBITDA of 0.68x, compared to 0.84x at end June 2020. The
Tr 5yr av grwth % - 138.2 129.3 118.5 113.0 net debt balance (excluding leases) decreased to USD796m
DPS (ZARc) 160.00 160.00 40.00 90.00 110.00 from USD876m at the end of June 2020.
Pct chng p.a. - 300.0 - 55.6 - 18.2 340.0 Post quarter end, Gold Fields repaid the 2020 bond that were
Tr 5yr av grwth % - 105.8 62.1 55.1 53.0 outstanding from a combination of cash resources and by
NAV (ZARc) 5 904.35 4 921.70 4 820.44 5 127.13 5 453.32
3 Yr Beta 1.31 0.73 0.12 0.18 - 0.49 drawing on our USD debt facilities.
Price Prd End 16 222 9 587 4 934 5 410 4 359 In a report released on 2 November 2020, Standard and Poor’s
Price High 16 312 9 602 5 649 6 094 9 130 GlobalratingsreviseditsoutlookonGoldFieldstopositivefrom
Price Low 6 397 4 672 3 290 3 760 3 680 stable, and affirmed the ‘BB+/B’ global scale ratings and
RATIOS ‘zaAAA/zaA-1+’ South Africa national scale ratings.
Ret on SH fund 10.82 6.01 - 12.74 - 0.23 5.45 Salares Norte
Ret on Tot Ass 18.92 13.03 7.70 9.06 21.62 The Salares Norte project continued its positive momentum
Oper Pft Mgn 38.86 31.47 20.75 23.78 49.54 during Q3 2020. Year-to-date, USD78m has been spent on the
D:E 0.86 0.87 0.85 0.62 0.63 project, including pre-development costs of USD11m (incurred
Interest Cover 7.41 5.24 n/a 3.47 7.23 during Q12020),district explorationofUSD11m,campPhase 1
Current Ratio 0.94 0.81 1.37 1.30 1.22
Dividend Cover 2.02 1.81 - 14.98 - 0.30 2.67 construction costs of USD13m and initial capex of USD43m. At
Yield (g/ton) 4.90 1.80 2.00 2.10 2.10 the end of September 2020, engineering progress was 85.3%
Ton Mll (‘000) 21 573 38 342 34 110 34 492 34 222 compared to plan of 83.0%.
Price Received 1 637 1 387 1 251 1 255 1 241 At the end of Q3 2020, construction progress stood at 8.8% vs.
WrkCost(R/kg) 37 41 42 43 42 plan of 4.9%, contributing towards total project progress of
NUMBER OF EMPLOYEES: 17 656 19.4% coming in slightly ahead of plan of 18.1%. Camp Phase I
DIRECTORS: Andani A (ind ne), Bacchus P (ind ne), construction was completed during Q3 2020 while Phase II con-
GoodlaceTP(ind ne), Letton Dr C (ind ne), struction was three months ahead of schedule at the end of the
Mahanyele-Dabengwa P (ind ne), ReidSP(ind ne), Suleman Y (ne), quarter. The diversion channel earthworks and precast installa-
Carolus C A (Chair, ind ne), Menell R (Dep Chair, ind ne),
Holland N J (CEO, UK), Schmidt P (CFO) tion progressed as planned during Q3 and the bulk earthworks
POSTAL ADDRESS: Postnet Suite 252, Private Bag X30500, Houghton, contractor commenced activities on 21 September. The mining
2041 contractor completed mobilisation and began pioneering works
EMAIL: investors@goldfields.com on 1 October, as planned. The pre-strip and construction of the
WEBSITE: www.goldfields.com
process plant is expected to commence at the end of the year.
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