Impala Platinum Holdings Limited · JSE:IMP

Impala Platinum — Non-Deal Roadshow (October 2002)

9 slides from Impala Platinum's roadshow presentation, October 2002

  1. Slide 1: Investor Presentation October 2002 - Key Features of FY2002

    INVESTOR PRESENTATION OCTOBER 2002 KEY FEATURES OF FY2002 § Gross platinum production up 7% § Revenue down only 0.6% in Rand terms, 24.7% in Dollar terms § Dollar basket prices per platinum ounce decreased by 29% § Margins of 52% § Attributable income of $462 million § Dividend for year of R37 per s

  2. Slide 2: Where Our Income Comes From

    WHERE OUR INCOME COMES FROM Implats $462 million Mining Impala Refining Strategic holdings operations Services (IRS) & alliances $350 million $42 million $70 million (76%) (9%) (15%) Margin of 59% Margin of 20% 4 Creating value - for shareholders Relative performance 800 700 600 500 Share price (R)

  3. Slide 3: Growth strategy bears fruit

    Growth strategy bears fruit § Target for 2 million ounces platinum by 2006 (3.9 million ounces PGMs) § Further opportunities sought § But, sustained profitability is the aim 2100 1950 1800 Platinum oz 1650 1500 1350 1200 1050 900 Mining & 2001 processing 2002 2003 2004 Concentrate 2005 (purchased) p

  4. Slide 4: Minerals legislation

    Minerals legislation § Strong relative position in SA in light of Minerals Bill § Support for objectives of Bill § Submissions to Government in interests of good law § Met with Minister on 27 June 2002 § Implats empowerment model 10 Five pillars of empowerment Ownership Employment Training Social Af

  5. Slide 5: Impala Platinum - Mining

    IMPALA PLATINUM - MINING § 13 shaft systems employing 27 900 people § Production of 1.025Moz platinum § Rand unit costs slightly below inflation. Dollar unit costs decreased by 8% in real terms § Capex to maintain production at 1.1Moz per annum § Declines on time and in budget § Two new shafts plann

  6. Slide 6: Marula Platinum

    MARULA PLATINUM þ § 30 year life-of-mine § Two phases: Phase 1 - 103 000 oz platinum pa - Capex of R1.4 billion Phase 2 - 87 000 oz platinum pa § Mining commences in Sept 2002 § Concentrator start-up in mid-2004 § Full production in FY2005 16 MARULA PLATINUM 17 STRATEGIC HOLDINGS AND ALLIANCES § Lon

  7. Slide 7: Strategic Holdings and Alliances

    STRATEGIC HOLDINGS AND ALLIANCES § Zimplats (Makwiro) – (53% effective stake) § Secured additional 21% ($20 million) § Ramping up to 65 000 platinum ounces § Further expansion possible § Life-of-mine offtake agreement with IRS § ZCE Platinum (Mimosa) – (50% stake) § Additional 15% stake ($14 million

  8. Slide 8: Palladium Supply and Demand

    PALLADIUM SUPPLY AND DEMAND (‘000oz) 2002 Calendar years 2001 2000 estimate Automobile 4 185 5 355 5 275 Dental 790 690 820 Electronics 1 305 1 050 2 160 Other 590 550 570 Total demand 6 870 7 645 8 825 Net supply - 325 (590) surplus/(deficit) 22 CALIFORNIA CAR EMISSION STANDARDS 100 90 80 70 60 g/m

  9. Slide 9: Market Outlook

    LIGHT DUTY AND HEAVY DUTY PLATINUM DEMAND 3500 Platinum Demand ['000 oz] 3000 2500 2000 1500 2001 2002 2003 2004 2005 2006 Light Duty Vehicles Heavy Duty Vehicles 25 MARKET OUTLOOK § Global automotive sales remain satisfactory § Continued growth in diesel sales in Europe § Chinese jewellery demand t

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