Impala Platinum Holdings Limited · JSE:IMP

Impala Platinum — FY2005 Earnings Presentation

16 slides from Impala Platinum's earnings presentation, Aug 26, 2005

  1. Slide 1: a very good year for Implats

    a very good year for Implats 9 best safety performance ever 9 headline platinum production up 5% to 1.815 Moz 9 record production at Impala of 1.115 Moz 9 costs at Impala held to a 5.3% increase per platinum ounce 9 sales revenue up 6% to R12.5 billion 9 net profit up 78% to R5.2 billion 9 headline

  2. Slide 2: Earnings recover in FY2005; strong dollar metal prices

    earnings recover in FY2005 Heps (cents) 8,000 7,000 6,000 5,000 4,000 H2 3,000 H2 H2 Up 2,000 70% 1,000 H1 H1 0 FY01 FY02 FY03 FY04 FY05 have weathered the storm …. now highly geared to weaker rand 3 strong dollar metal prices R/Pt oz $/Pt oz average basket revenue per Pt oz received 10,500 1,400 10

  3. Slide 3: Great platinum market fundamentals; palladium surplus continues

    great platinum market fundamentals surplus/deficit price 000oz $/oz 400 1000 300 900 200 800 100 700 0 -100 600 -200 500 -300 400 -400 300 -500 200 -600 -700 100 -800 0 CY99 CY00 CY01 CY02 CY03 CY04 CY05 CY06 CY07 growth fuelled by strong automotive diesel demand 5 palladium surplus continues surplu

  4. Slide 4: Highly volatile rhodium market; robust nickel market

    highly volatile rhodium market surplus/deficit price 000oz $/oz 200 2,200 2,000 150 1,800 1,600 100 1,400 1,200 1,000 50 800 600 0 400 200 -50 0 CY99 CY00 CY01 CY02 CY03 CY04 CY05 CY06 CY07 tightening NOx legislation driving demand 7 robust nickel market ‘000 tpa 2.000 1.800 1.600 1.400 1.200 1.000

  5. Slide 5: Financial review: income statement

    financial review income statement Rm FY2005 FY2004 % change sales 12,541 11,809 6.2 cost of sales (8,318) (7,549) 10.2 gross profit 4,223 4,260 (0.9) gross margin 34% 36% (5.6) net forex transaction gain/(loss) 33 (216) 115.3 share of profit of associates 204 328 (37.8) royalty expense (415) (414) (

  6. Slide 6: Net profit by entity; cash flows

    net profit by entity Rm FY2005 FY2004 Impala Platinum 2,201 1,678 growth in volume & prices IRS 466 394 exchange rate Zimbabwean ops 185 268 managed exchange rates Marula Platinum (105) (23) ramp-up phase other 114 302 Lonplats and Aquarius headline earnings 2,861 2,619 up 9% extraordinary items 3,2

  7. Slide 7: Group capex; operational review

    group capex Rm 6, 000 5, 000 4, 000 3, 000 2, 000 1, 000 0 FY 0 5 FY 0 6 FY 0 7 FY 0 8 FY 0 9 FY 1 0 sustaining capex expansion capex Ambatovy 13 operational review 7

  8. Slide 8: Best ever safety performance; Implats compares favourably with peers

    best ever safety performance fatal injury frequency rate lost-time injury frequency rate (per million man hours) (per million man hours) 0.2 10 0.15 8 34% 6 26% 0.1 4 0.05 2 0 0 FY01 FY02 FY03 FY04 FY05 FY01 FY02 FY03 FY04 FY05 injury rates have more than halved in four years 15 Implats compares fav

  9. Slide 9: Sterling performance at Impala; steady increase in efficiencies

    sterling performance at Impala FY2005 FY2004 % change tonnes milled (000t) 15,778 15,639 0.9 refined Pt production (000oz) 1,115 1,090 2.3 cost per Pt oz refined (R/oz) 4,251 4,036 5.3 no of employees (000) 26.9 27.5 2.2 capex (Rm) 1,693 1,197 41.4 17 steady increase in efficiencies at Impala ƒ mini

  10. Slide 10: Extending life-of-mine at Impala; good start at 16 shaft

    extending life-of-mine at Impala ƒ 30 year life-of-mine at 1.1Moz Pt ƒ mining of abandoned areas ƒ enhanced recoveries ƒ opencast mining ƒ conversion of previously non-profitable resources into reserves ƒ 16 and 20 shaft developments underway ƒ to contribute 355,000 Pt oz per annum at full productio

  11. Slide 11: 20 shaft; steady improvement at Marula

    …. and at 20 shaft 21 steady improvement at Marula FY2005 FY2004 % change tonnes milled (000t) 766 574 33.4 platinum production in concentrate (oz) 29,800 13,300 124.1 capex (Rm) 118 505 76.6 ƒ new mining plan to suit geological conditions ƒ full production of 144,000 Pt oz in concentrate in FY2009

  12. Slide 12: Marula DDT stope implementation; sound performance at Zimplats

    Marula – DDT stope implementation 23 sound operational performance at Zimplats FY2005 FY2004 % change tonnes milled (000t) 2,058 2,006 2.6 platinum production in matte (oz) 86,800 85,300 1.8 cost per Pt oz in matte (R/oz) 6,249 5,074 (23.2)* * Including export incentives, cost per Pt oz in matte inc

  13. Slide 13: Excellent performance at Mimosa; project approval for Two Rivers

    excellent operational performance at Mimosa FY2005 FY2004 % change tonnes milled (000t) 1,424 1,334 6.7 platinum in concentrate (oz) 66,700 61,400 8.6 cost per Pt oz in concentrate (R/oz) 5,472 4,199 (30.3)* * Including export incentives, cost per Pt oz in matte increased by 17% to R4,289 ƒ Expansio

  14. Slide 14: Exciting new venture at Ambatovy in Madagascar; consistent growth in Pt production

    exciting new venture at Ambatovy in Madagascar ƒ $2.25 billion joint venture with Dynatec and Sumitomo Corporation ƒ designed to produce 60,000 t nickel and 5,600 t cobalt ƒ first production in 2009 ƒ detailed feasibility being undertaken, with decision to proceed by financial year-end 37.5% – exper

  15. Slide 15: Key focus areas; prospects for Implats in FY2006

    key focus areas ƒ sustaining output by investing in new shafts ƒ continuing to deliver a competitive cost advantage by optimising ƒ productivity ƒ cost control ƒ implementation of new technology (DDT) and systems (SAP) ƒ delivering on growth ƒ Impala, Marula and Two Rivers ƒ Zimbabwe – blue sky ƒ co

  16. Slide 16: Implats - Distinctly Platinum

    IMPLATSA Distinctly Platinum www.implats.co.za 16

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