Page 133 - Profile's Stock Exchange Handbook - 2021 Issue 3
P. 133

Profile’s Stock Exchange Handbook: 2021 – Issue 3                       JSE – HAR
                                                   Pct chng p.a.  1 106.5  - 175.5  19.3  - 42.6  34.8
        Harmony Gold Mining Company Ltd.           Tr 5yr av grwth %  -  10.6  - 119.7  29.8  18.4
        HAR                                       DPS (ZARc)   110.00   -     -    -  85.00
                              ISIN: ZAE000015228
                              SHORT: HARMONY       Pct chng p.a.  -     -     -  - 100.0  70.0
                              CODE: HAR            Tr 5yr av grwth %  -  - 6.0  - 6.0  - 6.0  - 6.0
                              REG NO: 1950/038232/06  NAV (ZARc)  5 026.36 3 874.87 4 189.01 5 073.85 6 657.69
                              FOUNDED: 1950       3 Yr Beta     1.69  1.91  0.94  - 0.33  0.92
                              LISTED: 1951        Price Prd End  7 160  7 186  3 174  2 122  2 168
                                                  Price High   12 676  7 428  3 298  2 908  6 700
        NATURE OF BUSINESS:                       Price Low     6 041  2 945  2 036  1 900  2 009
        Harmony Gold Mining Company Ltd. (‘Harmony') is a  RATIOS
        gold-mining and exploration company with operations in  Ret on SH fund  37.49  - 3.64  - 11.53  - 17.62  1.24
        South Africa and Papua New Guinea (PNG), oneofthe world's  Ret on Tot Ass  21.97  - 1.33  7.47  - 11.83  - 0.38
        premier new gold regions.                 Oper Pft Mgn  25.77  - 1.22  - 9.43  - 22.79  - 5.16
        With 70 years of experience, Harmony is South Africa's largest  D:E  0.38  0.33  0.26  0.22  0.07
                                                  Interest Cover  75.93  n/a  n/a  n/a  n/a
        gold producer. The company is listed and regulated by stock
        exchangesinJohannesburgandNewYork,andisaconstituent  Current Ratio  1.30  1.34  1.35  1.16  1.28
        of the FTSE/JSE Responsible Investment index. The  Dividend Cover  8.78  1.49 -  1.72 -  1.76 -  0.98
                                                                                       1.77
                                                                1.11
                                                  Yield (g/ton)
        company's shares are also quoted in the form of American De-  Ton Mll (‘000)  20 863  25 429  25 976  22 441  19 401
        positaryReceipts(ADRs)ontheNew YorkStockExchange.In  Output (kg)  23 183  37 863  44 734  38 193  33 836
        South Africa, Harmony has nine underground mines  Price Received  896 587  735 569  586 653  570 709  570 164
        (Tshepongcomplexis classifiedasone)andoneopen-pit mine  WrkCost(R/kg)  596 047  553 513  439 722  421 260  436 917
        and several surface operations. In PNG, Harmony has the  NUMBER OF EMPLOYEES: 39 714
        Hidden Valley open-pit gold and silver mine and surrounding  DIRECTORS: Sibiya G R (ind ne),
        exploration tenements. Harmony has a 50% joint venture  Lekubo BP(FD),Chissano JA(ind ne, Moz),
                                                               LushabaDrDSS(ind ne), Mashego H E,
        with Newcrest Mining Ltd (Newcrest) in the Wafi-Golpu  Msimang M (ld ind ne), NondumoKT(ind ne),
        project. Harmony’s own(100%) explorationportfoliofocuses  Wetton J L (ind ne), Pillay V P (ind ne),
        principally on highly prospective areas in PNG and SA.  De Buck FFT(ind ne), WilkensAJ(ne),
                                                               Motloba M J (Dep Chair, ne), Turner P L (ind ne),
        In FY20, Harmony produced 1.2Moz of gold (FY19:        Motsepe Dr P T (Chair, ne),
        1.438Moz) and at year end employed close to 39714 people  Steenkamp P W (CEO)
                                                  Scan the QR code to
        (including some 5841 contractors), mostly in South Africa.  visit our website  POSTAL ADDRESS:POBox2,Randfontein,1760
        Harmony's attributable gold and gold equivalent mineral  EMAIL: HarmonyIR@harmony.co.za
        reserves amounts to 36.5Moz¹, a 0.1% increase from the  WEBSITE: www.harmony.co.za  FAX: 011-692-3879
                                                  TELEPHONE: 011-411-2000
        36.45Moz¹ declared at June 2019. The gold reserve ounces in  COMPANY SECRETARY: Shela Mohatla
        South Africa represent 48%, while the PNG gold and gold  TRANSFER SECRETARY: JSE Investor Services (Pty) Ltd.
        equivalent ounces represent 52% of Harmony’s total mineral  SPONSOR: JP Morgan Equities South Africa (Pty) Ltd.
        reserves as at 30 June 2020.              AUDITORS: PwC Inc.
        Harmony's shareholders are located around the world,  BANKERS: Nedbank Ltd.
        primarily in South Africa (32%), the United States (45%) and  SEGMENTAL REPORTING as at 30 Jun 20 (asa%of Revenue)
        the Europe (13%) as at 30 June 2020.        South Africa                     86.76%
                                                    International                    13.24%
        Our corporate offices are based in Randfontein, South Africa.  CALENDAR  Expected  Status
        Harmony is governed by an experienced board of directors.  Next Final Results  Sep 2021  Unconfirmed
        Skilled management teams ensure the company continues to  Annual General Meeting  Nov 2021  Unconfirmed
        deliver on its strategy to produce safe, profitable ounces and  Next Interim Results  Feb 2022  Unconfirmed
        increase margins.
                                                  CAPITAL STRUCTURE   AUTHORISED     ISSUED
        ¹Gold equivalent based on USD1 290/oz gold, USD3.00/lb  HAR  Ords no par val  1 200 000 000  616 052 197
        copper at 100% recovery for both metals.
                                                  DISTRIBUTIONS [ZARc]
       SECTOR:BasicMaterials—BasicResrcs—PreciousMet&Min—GoldMin  Ords no par val  Ldt  Pay  Amt
       MAJOR ORDINARY SHAREHOLDERS as at 03 May 2021  Interim No 89  13 Apr 21  19 Apr 21  110.00
         African Rainbow Minerals Ltd.    12.38%  Final No 88       10 Oct 17  16 Oct 17  35.00
         Public Investment Corporation (SOC) Ltd.  10.08%  Interim No 87  14 Mar 17  20 Mar 17  50.00
         Van Eck Associate Corporation    10.02%  Final No 86        13 Sep 16  19 Sep 16  50.00
       FINANCIAL STATISTICS                       LIQUIDITY: Jun21 Ave 19m shares p.w., R1 424.6m(161.3% p.a.)
       (R million)  Dec 20  Jun 20  Jun 19  Jun 18  Jun 17  MINI     40 Week MA   HARMONY
                   Interim  Final  Final Final(rst)  Final
       Wrk Revenue  21 588  29 245  26 912  20 452  19 264                             11650
       Wrk Pft       5 564  - 358  - 2 538  - 4 660  - 994
                                                                                       9716
       NetIntPd(Rcd)  87   286   267   - 13  - 34
       Tax            772  255  - 139  - 234  - 510                                    7782
       Minority Int   27    28    -     -     -
       Att Inc       5 785  - 878  - 2 607  - 4 473  362                               5848
       TotCompIncLoss  7 552  - 2 808  - 3 309  - 5 133  1 180
                                                                                       3914
       Ord SH Int   30 965  23 371  22 614  25 382  29 291
       Minority Int   44     4    -     -     -                                        1980
                                                     2016  |  2017  |  2018  |  2019  |  2020  |
       LT Liab      11 460  12 761  10 200  9 395  4 046
       Def Inc & Tax  1 810  996  688  1 145  1 702  Recent Announcements
       Cap Employed  44 279  37 132  33 502  35 922  35 039  Tuesday, 11 May 2021: Harmony reported its operational perfor-
       Mining Ass   35 180  29 186  27 749  30 969  30 044
       Inv In Assoc   149  146   110   84    46    mance for the nine months ended 31 March 2021.
       Inv & Loans   5 070  3 642  3 393  3 271  2 911  Harmony has delivered another strong set of operational results
       Def Tax Asset  312    -    -     -     -    year-on-year on the back of the successful integration of
       Other Ass     1 042  1 016  574  471  344   Mponeng and related assets into its portfolio, and a stronger
       Tot Curr Ass  8 691  10 166  4 377  4 181  4 935  Rand per kilogram gold price. The combination of a higher gold
       CurLiabExclCsh  6 707  7 560  3 234  3 599  3 844  price received and improved EBITDA margin has resulted in
       PER SHARE STATISTICS (cents per share)      strong cash generation and further strengthening of the Com-
       EPS (ZARc)   966.00  - 164.00  - 498.00 - 1 003.00  82.00  pany's balance sheet.
       HEPS-C (ZARc)  775.00  - 154.00  204.00  171.00  298.00
                                               131
   128   129   130   131   132   133   134   135   136   137   138