Page 130 - 2021 Issue 2

JSE – EXX Profile’s Stock Exchange Handbook: 2021 – Issue 2
Exxaro Resources Ltd. CALENDAR Expected Status
Annual General Meeting May 2021 Unconfirmed
EXX
Next Interim Results Aug 2021 Unconfirmed
Next Final Results Mar 2022 Unconfirmed
CAPITAL STRUCTURE AUTHORISED ISSUED
EXX Ords 1c ea 500 000 000 358 706 754
DISTRIBUTIONS [ZARc]
Ords 1c ea Ldt Pay Amt
Final No 36 26 Apr 21 3 May 21 1243.00
ISIN: ZAE000084992 SHORT: EXXARO CODE: EXX Special 26 Apr 21 3 May 21 543.00
REG NO: 2000/011076/06 FOUNDED: 2000 LISTED: 2001
Interim No 35 21 Sep 20 28 Sep 20 643.00
Final No 34 21 Apr 20 28 Apr 20 566.00
NATURE OF BUSINESS:
Exxaro, a public company incorporated in South Africa and LIQUIDITY: Apr21 Ave 5m shares p.w., R698.3m(76.0% 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, TiO 2 , ferrous and 20016
energy markets.
16855
SECTOR: Energy—Energy—OilGas&Coal—Coal
13695
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2020
Eyesizwe RF (Pty) Ltd. 30.00%
Public Investment Corporation Ltd (SOC) 11.00% 10534
Prudential Investment Managers 7.40%
7373
FINANCIAL STATISTICS
(R million) Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 4212
Final Final Final Final Final 2016 | 2017 | 2018 | 2019 | 2020 |
Turnover 28 924 25 726 25 491 22 813 20 897 Recent Announcements
Op Inc 4 293 4 269 5 703 975 4 623
NetIntPd(Rcvd) 832 37 322 611 628 Tuesday, 20 April 2021: Shareholders are hereby advised that the
Tax 719 968 1 653 1 542 1 179 board of directors (“Board”) has approved the appointment of
Minority Int 1 943 260 32 50 12 Mr MvuleniGeoffreyQhena (“Geoffrey”)tothe board as aninde-
Att Inc 7 283 9 809 7 030 5 982 5 679 pendent non-executive director and the chairperson designate,
TotCompIncLoss 8 975 9 359 7 308 4 680 4 741 with effect from 19 April 2021.
Hline Erngs-CO 7 417 7 599 6 568 2 120 5 155
Fixed Ass 38 395 33 562 28 825 24 362 21 972 Friday, 09 April2021: As set out in the Exxaro announcementof 20
Inv in Assoc 18 594 15 928 15 477 15 810 21 518 February 2020 and as part of its sustainable growth approach,
Fin Assets 2 141 2 674 2 634 - - Exxaro conducted an internal portfolio review to evaluate and
Def Tax Asset 1 076 467 523 571 415 optimise its current coal operations and projects. Exxaro identi-
Tot Curr Ass 9 033 9 121 7 641 10 844 9 842 fied assets which are non-core to its future strategic objectives
Ord SH Int 38 781 34 776 41 846 40 103 35 875 and decided to dispose of its total equity interest in Exxaro Coal
Minority Int 9 340 8 111 - 701 - 738 - 788
LT Liab 19 103 19 364 15 745 17 442 16 282 Central (Pty) Ltd. (“ECC”) and its Leeuwpan Coal Mine
Tot Curr Liab 10 244 5 179 6 823 3 956 7 461 operation (“Target Assets”).
Exxaro resultantly embarked on a divestment process of the
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 2 902.00 3 908.00 2 801.00 1 923.00 1 600.00 Target Assets. Exxaro received significant interest in the Target
HEPS-C (ZARc) 2 928.00 2 983.00 2 617.00 682.00 1 452.00 Assets, both on an individual basis as well as a package. In deter-
Pct chng p.a. - 1.8 14.0 283.7 - 53.0 153.4 mining the acquirer of the Target Assets, Exxaro applied
Tr 5yr av grwth % 79.2 68.0 63.8 13.1 16.7 selection criteria including value maximisation, broad based
DPS (ZARc) 1 886.00 1 430.00 1 085.00 700.00 500.00 black ownership and sustainability of the new operator to
Pct chng p.a. 69.9 31.8 55.0 40.0 233.3
Tr 5yr av grwth % 86.0 58.4 49.1 40.1 24.6 operate the Target Assets, whilst also minimising transaction
NAV PS (ZARc) 10 811.34 9 694.83 11 665.80 11 179.88 10 017.72 execution risk for Exxaro.
3 Yr Beta 0.92 1.36 0.89 1.23 0.41 Thedivestmentprocesshasnowculminatedinanagreementfor
Price High 14 865 18 345 16 988 16 567 11 428 the disposal of ECC. Exxaro has signed a definitive sale and
Price Low 7 507 10 860 10 192 8 301 4 002 purchase agreement (“SPA”) with Overlooked Colliery Propri-
Price Prd End 13 890 13 114 13 787 16 250 8 950
RATIOS etary Limited (“Overlooked”).Overlookedwill acquire allofthe
Ret on SH Fnd 19.17 23.48 17.16 15.32 16.22 issued shares in, and shareholder claims against, ECC (“ECC
Ret On Tot Ass 13.08 12.89 13.17 6.92 11.28 Transaction”). Exxaro has obtained certainty of funding from
Oper Pft Mgn 14.84 16.59 22.37 4.27 22.12 Overlooked’s lenders towards settlement of its obligations in
D:E 0.53 0.48 0.43 0.44 0.48 terms of the ECC Transaction.
Int Cover 5.01 115.38 17.73 1.60 7.36 This is a voluntary update as the transaction falls below the
Current Ratio 0.88 1.76 1.12 2.74 1.32
Div Cover 1.19 2.73 2.58 2.75 3.20 Category 2 threshold of the JSE Ltd. Listings Requirements.
NUMBER OF EMPLOYEES: 8 500 The ECC Transaction is classified as a held for sale asset by
DIRECTORS: Fraser-MoleketiGJ(ld ind ne), Exxaro and proceeds received will be used in accordance with
Mbatha L (ne), MntamboVZ(ne), Exxaro’s capital allocation framework.
MoffetMJ(ind ne), MophatlaneLI(ind ne),
Msimang M (ne), MyburghEJ(ind ne), The Leeuwpan Coal Mine operation’s disposal is ongoing, and
Nkonyeni V (ind ne), NxumaloCJ(ind ne), shareholders will be updated on progress once finalised.
Snyders MrPCCH(ind ne), The ECC Transaction
van Rooyen J (Chair, ind ne), Mgojo M D M (CEO),
Tsengwa N (CEO designate), Salient transaction terms:
Qhena M G (Chair Designate, ind ne), Exxaro will sell all its shares in, and shareholder claims against
Koppeschaar P A (FD) Scan the QR code to ECC, to Overlooked Included in the purchase consideration is
POSTAL ADDRESS:POBox9229, Pretoria,0001 visit our website cash in the rehabilitation trust which Exxaro will retain. In
EMAIL: investorrelations@exxaro.com
WEBSITE: www.exxaro.com addition, Overlooked will assume all the rehabilitation liabili-
TELEPHONE: 012-307-5000 FAX: 012-323-3400 ties. Exxaro will retain all coal export entitlement through
COMPANY SECRETARY: Inlexso (Pty) Ltd. (interim) Richards Bay Coal Terminal.
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
SPONSORS: Absa Bank Ltd., Tamela Holdings (Pty) Ltd.
AUDITORS: PwC Inc.
BANKERS: Absa Bank Ltd.
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