Page 77 - SHB 2021 Issue 4

Profile’s Stock Exchange Handbook: 2021 – Issue 4 JSE – AFR
African Rainbow Minerals Ltd. WEBSITE: www.arm.co.za
TELEPHONE: 011-779-1300
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
ISIN: ZAE000054045 SHORT: ARM CODE: ARI SEGMENTAL REPORTING as at 30 Jun 21 (asa%of Sales)
REG NO: 1933/004580/06 FOUNDED: 1933 LISTED: 1988 Ferrous 55.89%
Platinum 41.43%
NATURE OF BUSINESS: Coal 2.37%
ARM is a diversified South African mining company with Corporate 0.31%
longlife, low unit-cost operations in key commodities. ARM, CALENDAR Expected Status
its subsidiaries, jointventures, jointoperationsandassociates Annual General Meeting 6 Dec 2021 Confirmed
explore, develop, operate and hold interests in the mining and Next Interim Results Mar 2022 Unconfirmed
minerals industry. Next Final Results Sep 2022 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 500 000 000 224 453 258
manganese. ARM also has an investment in Harmony Gold DISTRIBUTIONS [ZARc]
Mining Company Ltd. Ords 5c ea Ldt Pay Amt
Final No 125 28 Sep 21 4 Oct 21 2000.00
SECTOR:BasicMaterials—BasicResrcs—IndMet&Min—GeneralMining
MAJOR ORDINARY SHAREHOLDERS as at 30 Jun 2020 Interim No 124 23 Mar 21 29 Mar 21 1000.00
African Rainbow Minerals & Exploration Investments 39.64% Final No 123 29 Sep 20 5 Oct 20 700.00
Government Employees Pension Fund (PIC) 7.83% Interim No 122 17 Mar 20 23 Mar 20 500.00
ARM Broad-Based Economic Empowerment Trust 7.10% LIQUIDITY: Sep21 Ave 3m shares p.w., R705.5m(71.1% p.a.)
FINANCIAL STATISTICS INDM 40 Week MA ARM
(R million) Jun 21 Jun 20 Jun 19 Jun 18 Jun 17
Final Final(rst) Final Final(rst) Final 57154
Turnover 21 457 12 386 9 596 9 112 9 019
46399
Op Inc 11 418 3 271 784 1 710 214
IntPd - 158 - 49 - 25 183 185 35645
Tax 3 333 1 076 242 573 - 409
Minority Int 2 846 1 069 300 260 60 24891
Att Inc 12 626 3 965 3 554 4 562 1 372
14137
TotCompIncLoss 14 204 7 562 4 497 4 274 - 50
Hline Erngs-CO 13 064 5 534 5 226 4 814 3 916 3382
2016 | 2017 | 2018 | 2019 | 2020 | 2021
Fixed Ass 8 268 7 235 7 062 7 916 7 801
Inv in Assoc 21 472 18 340 18 539 17 302 16 194 Recent Announcements
Investments 4 210 5 635 2 648 1 561 1 573 ARM final results June 2021 - Monday, 06 September 2021: Revenue
Def Tax Asset 274 - 485 620 656 for the year shot up to R21.5 billion (R12.4 billion) whilst gross
Tot Curr Ass 18 556 11 030 8 085 6 324 5 858
Ord SH Int 40 194 32 080 28 173 25 907 23 497 profit more than doubled to R11.8 billion (R4.2 billion). Profit
Non-Cont Int 3 582 2 028 1 530 1 471 543 from operations before capital items jumped to R11.4 billion
LT Liab 5 956 5 603 4 211 4 513 4 465 (R3.3 billion). Profit attributable to equity holders grew to R12.6
Tot Curr Liab 3 357 2 890 3 302 2 414 3 741 billion(R4.0billion).Inaddition,headlineearningspershareof6
PER SHARE STATISTICS (cents per share) 688 cents per share (2 850 cents per share) were recorded.
EPS (ZARc) 6 464.00 2 042.00 1 848.00 2 393.00 723.00 Dividend declaration
HEPS-C (ZARc) 6 688.00 2 850.00 2 718.00 2 526.00 1 684.00 ARMaimstopayordinarydividends toshareholders inlinewith
Pct chng p.a. 134.7 4.9 7.6 50.0 240.9 our dividend guiding principles. Dividends are at the discretion
Tr 5yr av grwth % 87.6 53.0 40.5 40.8 32.3 of the board of directors which considers the company’s capital
DPS (ZARc) 3 000.00 1 200.00 1 300.00 1 000.00 650.00 allocation guiding principles as well as other relevant factors
Pct chng p.a. 150.0 - 7.7 30.0 53.8 188.9 such as financial performance, commodities outlook, invest-
Tr 5yr av grwth % 83.0 45.9 39.1 36.6 27.3
NAV PS (ZARc) 17 908.00 14 365.00 12 690.00 11 792.00 10 744.00 ment opportunities, gearing levels as well as solvency and
3 Yr Beta 1.50 1.86 1.40 0.89 0.92 liquidity requirements of the Companies Act.
Price High 30 725 19 327 18 799 14 097 12 690 For F2021, the board approved and declared a final dividend of 2
Price Low 16 255 8 206 10 680 7 801 6 726 000 cents per share (gross) (F2020: 700 cents per share). The
Price Prd End 25 535 16 915 18 217 10 910 8 431 amount to be paid is approximately R4 489 million.
RATIOS Outlook
Ret on Equity 35.34 17.30 18.50 18.60 13.60 Commodity prices saw pronounced increases in the financial
ROOA 21.35 18.20 5.20 12.00 1.80 year under review with record iron ore and PGM prices.
Oper Pft Mgn 53.21 28.10 8.90 20.50 2.60 Concernsremain aboutthe sustainability ofthese elevatedprice
Net D:E 0.14 - 11.00 - 9.00 - 4.00 5.00
levels as global supply for most commodities recovers post
Int Cover n/a 20.60 19.10 16.70 9.20
Current Ratio 5.53 3.82 2.40 2.60 1.70 Covid-19 and weather related and other operationaldisruptions
Div Cover 2.15 1.70 2.09 2.53 2.59 experienced by major suppliers start to abate.
NUMBER OF EMPLOYEES: 21 417 Despite the expectation for a pullback in commodity prices, we
DIRECTORS: Magagula J (Executive), Arnold M (ne, UK), remain positive about the outlook for PGMs and are excited
BoardmanTA(ind ne), BothaAD(ind ne), Mkatshana H L, about the role that these metals will play in global efforts to
Mnisi P (ne), Noko D (ind ne), Simelane DrRV(ind ne), reduce carbon emissions, a trend that is expected to remain a
SteenkampJC(ne), Schmidt M P (CEO), Mhlanga T (FD),
Motsepe Dr P T (Exec Chair), Abbott F (ind ne), keydriverforcommoditymarketsinthemediumtolongterm.
ChissanoJA(ind ne, Moz), GuleWM(ind ne), MaditsiAK(ld ind ne)
POSTAL ADDRESS: PO Box 786136, Sandton, 2146
EMAIL: ir.admin@arm.co.za
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