Page 85 - 2021 Issue 2

Profile’s Stock Exchange Handbook: 2021 – Issue 2 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 CALENDAR Expected Status
longlife, low unit-cost operations in key commodities. ARM, Next Final Results Aug 2021 Unconfirmed
its subsidiaries, jointventures, jointoperationsandassociates Annual General Meeting Dec 2021 Unconfirmed
explore, develop, operate and hold interests in the mining and Next Interim Results Mar 2022 Unconfirmed
minerals industry. CAPITAL STRUCTURE AUTHORISED ISSUED
The current operational focus is on precious metals, base ARI Ords 5c ea 500 000 000 224 409 073
metals, ferrous metals and alloys, which include platinum DISTRIBUTIONS [ZARc]
Ldt
Amt
Pay
group metals, nickel, coal, iron ore, manganese ore and ferro- Ords 5c ea 23 Mar 21 29 Mar 21 1000.00
Interim No 124
manganese. ARM also has an investment in Harmony Gold Final No 123 29 Sep 20 5 Oct 20 700.00
Mining Company Ltd. Interim No 122 17 Mar 20 23 Mar 20 500.00
Final No 121 23 Sep 19 30 Sep 19 900.00
SECTOR: Basic Materials—Basic Resrcs—Mining—Gen Mining
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2020 LIQUIDITY: Mar21 Ave 4m shares p.w., R679.8m(82.7% p.a.)
African Rainbow Minerals & Exploration Investments 39.64% MINI 40 Week MA ARM
Government Employees Pension Fund (PIC) 7.83%
ARM Broad-Based Economic Empowerment Trust 7.10% 29497
FINANCIAL STATISTICS 24326
(R million) Dec 20 Jun 20 Jun 19 Jun 18 Jun 17
Interim Final Final Final(rst) Final 19154
Turnover 9 813 12 386 9 596 9 112 9 019
Op Inc 4 668 3 271 784 1 710 214 13983
IntPd - 52 - 49 - 25 183 185 8811
Tax 1 365 1 076 242 573 - 409
Minority Int 1 184 1 069 300 260 60 3640
2016 | 2017 | 2018 | 2019 | 2020 |
Att Inc 4 868 3 965 3 554 4 562 1 372
TotCompIncLoss 5 920 7 562 4 497 4 274 - 50 Recent Announcements
Hline Erngs-CO 5 039 5 534 5 226 4 814 3 916 ARM interim results December 2020 - Wednesday, 03 March 2021:
Fixed Ass 7 678 7 235 7 062 7 916 7 801 Revenue for the interim period increased to R9.813 billion (2019:
Inv in Assoc 19 466 18 340 18 539 17 302 16 194 R5.907 billion), gross profit rose to R4.942 billion (2019: R1.488
Investments 5 612 5 635 2 648 1 561 1 573
Def Tax Asset - - 485 620 656 million), profit from operations before capital items grew to
Tot Curr Ass 14 376 10 747 8 085 6 324 5 858 R4.668 billion (2019: R1.174 billion), profit for the period attribut-
Ord SH Int 35 456 32 080 28 173 25 907 23 497 able to equity holders of ARM came in higher at R4.868 billion
Non-Cont Int 2 844 2 028 1 530 1 471 543 (2019: R2.132 billion) and headline earnings per share increased
LT Liab 6 085 5 550 4 211 4 513 4 465 to 2 587 cents per share (2019:1 114 cents per share).
Tot Curr Liab 3 123 2 890 3 302 2 414 3 741 Dividends
PER SHARE STATISTICS (cents per share) Dividends are at the discretion of the board of directors which
EPS (ZARc) 2 499.00 2 042.00 1 848.00 2 393.00 723.00 considers the company’s capital allocation guiding principles as
HEPS-C (ZARc) 2 587.00 2 850.00 2 718.00 2 526.00 1 684.00 well as other relevant factors such as financial performance, com-
Pct chng p.a. 81.5 4.9 7.6 50.0 240.9 modities outlook, investment opportunities, gearing levels as well
Tr 5yr av grwth % - 53.0 40.5 40.8 32.3 as solvency and liquidity requirements of the Companies Act. For
DPS (ZARc) 1 000.00 1 200.00 1 300.00 1 000.00 650.00 1H F2021, the board approved and declared an interim dividend of
Pct chng p.a. - - 7.7 30.0 53.8 188.9 1000centspershare(gross)(1HF2020:500centspershare).The
Tr 5yr av grwth % - 45.9 39.1 36.6 27.3
NAV PS (ZARc) 15 800.00 14 365.00 12 690.00 11 792.00 10 744.00 amount to be paid is approximately R2 244 million.
3 Yr Beta 1.53 1.86 1.40 0.89 0.92 Company outlook
Price High 26 800 19 327 18 799 14 097 12 690 The Covid-19 pandemic continued to have pronounced health,
Price Low 16 255 8 206 10 680 7 801 6 726 economic and societal impacts across the globe, the effects of
Price Prd End 26 191 16 915 18 217 10 910 8 431 which are expected to be evident for years to come. Following a
RATIOS contraction of 4.3% in 2020, in January 2021, the World Bank
Ret on Equity 31.60 17.30 18.50 18.60 13.60 revised itsforecastglobalgrossdomesticproduct (GDP)growth
ROOA 19.54 18.20 5.20 12.00 1.80 to 4% in the 2021 calendar year. This forecast assumes the wide-
Oper Pft Mgn 47.57 28.10 8.90 20.50 2.60 spread rollout of a Covid-19 vaccine globally.
Net D:E 0.17 - 11.00 - 9.00 - 4.00 5.00 Encouragingly, many countries have started their vaccine
Int Cover - 143.31 20.60 19.10 16.70 9.20 rollouts and are beginning to see reduced Covid-19 infections.
Current Ratio 4.60 3.72 2.40 2.60 1.70 Although the outlook for global economic conditions has
Div Cover 2.50 1.70 2.09 2.53 2.59
improved in recent months, threats to global economic recovery
NUMBER OF EMPLOYEES: 21 417
DIRECTORS: Magagula J (Executive), Arnold M (ne, UK), remain with the recovery likely to be subdued.
BoardmanTA(ind ne), BothaAD(ind ne), Mkatshana H L, The mining industry has demonstrated immense resilience in
Mnisi P (ne), Noko D (ind ne), Simelane DrRV(ind ne), the past year and is expected to play a key role in the recovery of
SteenkampJC(ne), Schmidt M P (CEO), Mhlanga T (FD), the South African economy. It has been vital in providing
Motsepe Dr P T (Exec Chair), Abbott F (ind ne),
ChissanoJA(ind ne, Moz), GuleWM(ind ne), MaditsiAK(ld ind ne) wide-ranging support to employees, communities and Govern-
POSTAL ADDRESS: PO Box 786136, Sandton, 2146 mentduringthepandemicandisexpectedtobeanessentialpart
EMAIL: ir.admin@arm.co.za of the country’s recovery going forward.
83