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JSE – SIB Profile’s Stock Exchange Handbook: 2024 – Issue 3
Sibanye Stillwater Ltd. Sirius Real Estate Ltd.
SIB SIR
ISIN: ZAE000259701 SHORT: SIBANYE-S CODE: SSW ISIN: GG00B1W3VF54 SHORT: SIRIUS CODE: SRE
REG NO: 2014/243852/06 FOUNDED: 2002 LISTED: 2013 REG NO: 46442 FOUNDED: 2007 LISTED: 2014
NATURE OF BUSINESS: Sibanye-Stillwater is a multinational mining and NATURE OF BUSINESS: Sirius is a property company listed on the main
metals processing group with a diverse portfolio of projects and and premium market of the London Stock Exchange and the main board of
investments across five continents. The Group is also one of the foremost the JSE Ltd. It is a leading owner and operator of branded business and
global recyclers of PGM autocatalysts and has controlling interests in industrial parks providing conventional space and flexible workspace in
leading mine tailings retreatment operations. Germany and the UK. As of 31 March 2023, the Group’s portfolio
Sibanye-Stillwater has established itself as one of the world’s largest comprised 140 assets let to 9 201 tenants with a total book value of over
primary producers of platinum, palladium, and rhodium and is a top-tier EUR2.1 billion, generating a total annualised rent roll of EUR178.3
gold producer. It also produces and refines iridium and ruthenium, nickel, million. Sirius also holds a 35% stake in Titanium, its EUR350+ million
chrome, copper and cobalt. The Group has recently begun to build and German-focused joint venture with clients of AXA IM Alts.
diversify its asset portfolio into battery metals mining and processing and SECTOR: RealEstate—RealEstate—REITS—Diversified
is increasing its presence in the circular economy by growing and NUMBER OF EMPLOYEES: 416
diversifying its recycling and tailings reprocessing operations globally. DIRECTORS: Britton C (snr ind ne), Cherry M (ind ne), Cleveland K (ind ne),
SECTOR:BasicMaterials—BasicResrcs—PreciousMet&Min—Plat&PrecMet Kenrick J (ind ne), Peggie A J (ld ind ne), Kitchen D M (Chair, ne),
NUMBER OF EMPLOYEES: 84 481 Coombs A J (CEO), Bowman C (CFO)
DIRECTORS: Boisseau P (ind ne), Cumming T (ind ne), MAJOR ORDINARY SHAREHOLDERS as at 16 Jul 2024
Dorward-King E (ind ne), Hancock P (ind ne), Kenyon-Slaney H (ind ne, BlackRock, Inc. 9.68%
UK), MenellRP(ld ind ne), NikaNG(ind ne), RaynerKA(ind ne), Abrdn plc 7.80%
van der Merwe S (ind ne), VilakaziJS(ind ne), ZilwaSV(ind ne), Public Investment Corporation (SOC) Ltd. 6.14%
Maphai Dr T V (Chair, ind ne), Froneman N (CEO), Keyter C (CFO) POSTAL ADDRESS: PO Box 119, St Peter Port, Guernsey, GY1 3HB
MAJOR ORDINARY SHAREHOLDERS as at 19 Jun 2024 MORE INFO: www.sharedata.co.za/sdo/jse/SRE
Public Investment Corporation SOC Ltd. 18.04% COMPANY SECRETARY: Anthony Gallagher
UBS Group AG 7.36% TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
Allan Gray 6.84%
POSTAL ADDRESS: Private Bag X5, Westonaria, 1780 SPONSOR: PSG Capital (Pty) Ltd.
AUDITORS: Ernst & Young LLP
MORE INFO: www.sharedata.co.za/sdo/jse/SSW
COMPANY SECRETARY: Lerato Matlosa CAPITAL STRUCTURE AUTHORISED ISSUED
TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd. SRE Ords no par - 1 349 623 348
SPONSOR: JP Morgan Equities South Africa Ltd. DISTRIBUTIONS [EURc]
AUDITORS: Ernst & Young Ords no par Ldt Pay Amt
CAPITAL STRUCTURE AUTHORISED ISSUED Final No 19 25 Jun 24 25 Jul 24 3.05
SSW Ords no par 10 000 000 000 2 830 567 264 Interim No 18 11 Dec 23 25 Jan 24 3.00
DISTRIBUTIONS [ZARc] LIQUIDITY: Jul24 Avg 5m shares p.w., R109.2m(19.8% p.a.)
Ords no par value Ldt Pay Amt REDS 40 Week MA SIRIUS
Final No 8 4 Apr 17 10 Apr 17 60.00
Interim No 7 20 Sep 16 26 Sep 16 85.00
LIQUIDITY: Jul24 Avg 76m shares p.w., R1 794.3m(139.6% p.a.) 2545
MINI 40 Week MA SIBANYE-S
2057
7360
1570
6079
1082
4797
594
2019 | 2020 | 2021 | 2022 | 2023 | 2024
3516
FINANCIAL STATISTICS
2234 (Amts in EUR’000) Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Final Final Final Final Final
953 NetRent/InvInc 116 100 105 100 84 093 65 997 64 167
2019 | 2020 | 2021 | 2022 | 2023 | 2024
NOTES: Sibanye Gold Ltd. renamed to Sibanye Stillwater Ltd. on 19 Total Inc 122 700 107 900 87 079 68 709 65 198
February 2020 due to internal restructuring. Attrib Inc 107 800 79 600 147 873 147 451 98 136
FINANCIAL STATISTICS TotCompIncLoss 120 800 62 500 146 291 147 560 98 145
(R million) Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Ord UntHs Int 1 407 300 1 197 100 1 190 652 926 533 801 570
Final Final Final Final Final Investments 2 210 600 2 123 000 2 100 004 1 362 192 1 193 915
Wrk Revenue 113 684 138 288 172 194 127 392 72 925 FixedAss/Prop 7 800 7 200 5 492 2 682 2 374
Wrk Pft 13 916 36 664 71 181 51 616 16 825 Tot Curr Ass 286 600 156 100 175 866 84 475 146 500
NetIntPd(Rcd) 1 930 1 637 1 294 2 086 2 742 Total Ass 2 595 200 2 388 700 2 386 863 1 519 998 1 402 272
Minority Int 342 584 742 1 310 371 Tot Curr Liab 153 600 352 800 120 478 67 975 95 559
Att Inc - 37 772 18 396 33 054 29 312 62
TotCompIncLoss - 32 782 21 349 38 431 28 616 - 33 PER SHARE STATISTICS (cents per share) 91.77 92.38 74.05
165.00
HEPS-C (ZARc)
134.87
Ord SH Int 51 607 91 004 81 345 70 716 31 138
LT Liab 50 751 46 048 43 290 38 269 48 950 DPS (ZARc) 122.25 110.38 76.02 65.82 63.64
Cap Employed 106 534 146 412 132 453 116 616 86 745 NAV PS (ZARc) 2 109.70 1 974.40 1 655.09 1 317.59 1 529.03
Mining Ass 61 338 76 909 62 494 60 600 57 480 3 Yr Beta 1.28 1.22 0.57 0.63 0.40
Inv & Loans 3 179 3 340 3 367 847 599 Price Prd End 2 327 1 657 2 428 1 818 1 431
Tot Curr Ass 61 822 60 764 64 551 52 243 26 164 Price High 2 405 2 468 3 145 2 028 1 836
Tot Curr Liab 36 407 20 219 20 541 17 487 14 327 Price Low 1 651 1 248 1 817 1 311 912
PER SHARE STATISTICS (cents per share) RATIOS
HEPS-C (ZARc) 63.00 652.00 1 272.00 1 068.00 - 40.00 RetOnSH Funds 7.66 6.65 12.43 15.92 12.24
DPS (ZARc) 53.00 260.00 479.00 371.00 - RetOnTotAss 4.76 4.63 3.95 4.87 4.82
NAV (ZARc) 1 823.20 3 215.27 2 896.48 2 418.82 1 166.22 Debt:Equity 0.70 0.84 0.86 0.52 0.62
3 Yr Beta - - - - 2.08 OperRetOnInv 5.23 4.93 3.99 4.84 5.36
Price Prd End 2 490 4 472 4 910 6 000 3 589 OpInc:Turnover 40.20 38.91 40.01 39.91 42.77
Price High 5 245 8 022 7 665 6 180 3 589
Price Low 1 756 3 568 4 479 1 537 950
RATIOS
Ret on SH fund - 72.53 20.86 41.55 43.30 1.39
Ret on Tot Ass 7.59 22.94 49.48 40.36 15.71
Yield (g/ton) 0.76 0.69 0.79 0.80 0.84
Price Received 1 146 093 958 232 860 303 967 229 676 350
WrkCost(R/kg) 1 011 673 937 627 669 084 581 113 538 696
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