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JSE – AFR Profile’s Stock Exchange Handbook: 2024 – Issue 3
African Rainbow Minerals Ltd. TELEPHONE: 011-779-1300
COMPANY SECRETARY: Alyson D’Oyley
AFR
TRANSFER SECRETARY: ComputershareInvestor
Services (Pty) Ltd.
SPONSOR: Investec Bank Ltd.
AUDITORS: Deloitte, KPMG Inc.
BANKERS: ABSA Bank Ltd., FirstRand Bank Ltd.,
NedbankLtd.,StandardBankofSouthAfricaLtd.
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SEGMENTAL REPORTING as at 30 Jun 23 (asa%of Sales)
Ferrous 57.92%
Platinum 34.03%
ISIN: ZAE000054045 SHORT: ARM CODE: ARI Coal 7.72%
REG NO: 1933/004580/06 FOUNDED: 1933 LISTED: 1988 Corporate 0.33%
NATURE OF BUSINESS: CALENDAR Expected Status
ARM is a diversified South African mining company with Next Final Results Sep 2024 Unconfirmed
longlife assets in key commodities.ARM,its subsidiaries,joint Annual General Meeting Dec 2024 Unconfirmed
ventures, joint operations and associates explore, develop, Next Interim Results Mar 2025 Unconfirmed
operateandholdinterestsintheminingandmineralsindustry.
ISSUED
The current operational focus is on platinum group metals CAPITAL STRUCTURE AUTHORISED 224 667 778
500 000 000
ARI
Ords 5c ea
(PGMs), base metals, ferrous metals and alloys, coal, iron ore,
manganese ore and ferromanganese. ARM also has an invest- DISTRIBUTIONS [ZARc] Ldt Pay Amt
Ords 5c ea
ment in Harmony Gold Mining Company Ltd.
Interim No 130 2 Apr 24 8 Apr 24 600.00
SECTOR:BasicMaterials—BasicResrcs—IndMet&Min—GeneralMining Final No 129 3 Oct 23 9 Oct 23 1200.00
MAJOR ORDINARY SHAREHOLDERS as at 30 Apr 2024 Interim No 128 28 Mar 23 3 Apr 23 1400.00
African Rainbow Minerals & Exploration Investments 39.95% Final No 127 27 Sep 22 3 Oct 22 2000.00
Government Employees Pension Fund 8.08% LIQUIDITY: Jun24 Avg 3m shares p.w., R633.0m(80.5% p.a.)
ARM Broad-Based Economic Empowerment Trust 7.08%
FINANCIAL STATISTICS INDM 40 Week MA ARM
(R million) Dec 23 Jun 23 Jun 22 Jun 21 Jun 20 36711
Interim Final(rst) Final Final Final(rst)
Turnover 6 604 16 097 18 406 21 457 11 653 31299
Op Inc 212 4 953 8 001 11 418 3 271
25887
IntPd - 377 - 582 - 395 - 158 - 49
Tax - 525 1 833 2 736 3 333 1 076 20474
Minority Int - 854 1 242 1 938 2 846 1 069
Att Inc 1 216 8 080 12 426 12 626 3 965 15062
TotCompIncLoss 2 702 11 070 14 412 14 204 7 562
9650
Hline Erngs-CO 2 955 8 983 11 338 13 064 5 534 2019 | 2020 | 2021 | 2022 | 2023 |
Fixed Ass 15 608 16 197 9 645 8 268 7 235
Inv in Assoc 23 220 23 661 24 193 21 472 18 340 Recent Announcements
Investments 9 167 6 148 4 104 4 210 5 635 Friday, 31 May 2024: By mutual agreement, ARM (and not ARM
Def Tax Asset 920 935 215 274 - Copper), will subscribe for 41 373 414 common shares of Surge
Tot Curr Ass 15 334 16 466 20 685 18 556 11 030 at CAD0.095 per Strategic Placement common share,
Ord SH Int 50 366 49 214 46 158 40 194 32 080 representing an approximate 18% premium to the 20-day
Non-Cont Int 4 077 4 931 4 205 3 582 2 028 volume weighted average price of the Company’s common
LT Liab 6 486 6 250 5 510 5 956 5 603 sharesontheTSXVentureExchangeasat1April2024,forgross
Tot Curr Liab 3 473 3 622 3 298 3 357 2 890 proceeds of CAD3 930 474.33.
PER SHARE STATISTICS (cents per share) Shareholders are advised that allthe conditionsprecedent tothe
EPS (ZARc) 620.00 4 121.00 6 343.00 6 464.00 2 042.00 Strategic Placement have now been fulfilled and the Strategic
HEPS-C (ZARc) 1 507.00 4 582.00 5 787.00 6 688.00 2 850.00 Placement has become unconditional. The effective date of the
Pct chng p.a. - 34.2 - 20.8 - 13.5 134.7 4.9 Transaction is expected to be 31 May 2024.
Tr 5yr av grwth % - 22.6 36.7 87.6 53.0 Tuesday, 02 April 2024: ARM announced that it has entered into a
DPS (ZARc) 600.00 2 600.00 3 200.00 3 000.00 1 200.00 subscription agreement for a private placement financing (the
Pct chng p.a. - - 18.8 6.7 150.0 - 7.7 “Strategic Placement”) with Surge Copper Corp.
Tr 5yr av grwth % - 32.0 46.6 83.0 45.9 ARMinterimresultsDecember2023-Friday,08March2024:Revenue
NAV PS (ZARc) 22 418.00 21 905.00 20 545.00 17 908.00 14 365.00 for the interim period lowered to R6.6 billion (2022: R9.4 billion)
3 Yr Beta 1.61 1.24 1.83 1.50 1.86 and gross profit dropped to R609 million (2022: R4.4 billion).
Price High 20 999 31 900 30 641 30 725 19 327 Profit from operations before capital items decreased to R212
Price Low 14 662 19 100 17 895 16 255 8 206 million (2022: R3.7 billion). Profit for the period attributable to
Price Prd End 20 000 19 901 21 375 25 535 16 915 equity holders of ARM went down to R1.2 billion (2022: R4.4
RATIOS
Ret on Equity 5.90 18.30 24.60 32.50 17.20 billion). Furthermore, headline earnings per share decreased to 1
ROOA 0.70 15.20 26.40 42.60 17.90 507 cents per share (2022: 2 639 cents per share).
Oper Pft Mgn 3.60 33.80 47.30 58.10 28.10 Dividends
Net D:E 0.12 0.12 0.11 0.14 - 11.00 For 1H F2024, the board approved and declared an interim
Int Cover 20.30 39.80 56.10 58.10 20.60 dividend of600 cents per share (gross) (1H F2023: 1 400 cents per
Current Ratio 4.42 4.55 6.27 5.53 3.82 share). The amount to be paid is approximately R1 348 million.
Div Cover 2.50 3.82 2.89 3.34 4.07 Company outlook
NUMBER OF EMPLOYEES: 22 931 Global growth for 2024 is expected to be in line with 2023. This
DIRECTORS: BoardmanTA(ind ne), BothaAD(ind ne), improved outlook is on the back of better-than-expected
Kennedy B (ind ne), MnisiPJ(ne), NokoDC(ind ne), resilience in the United States and other emerging economies.
Nqwababa B (ind ne), Simelane DrRV(ind ne), SteenkampJC(ne), Global growth remains below long-term trends due to high
Tobias V P (CEO), MhlangaTTA (FD), Motsepe Dr P T (Exec Chair), central bank policy rates and low productivity growth. The
Abbott F (ind ne), ChissanoJA(ind ne, Moz), GuleWM(ind ne),
MaditsiAK(ld ind ne) combination of tight monetary policies and an easing in global
POSTAL ADDRESS: PO Box 786136, Sandton, 2146 supply chains, is resulting in inflation falling faster than
EMAIL: ir.admin@arm.co.za expected in some regions.
WEBSITE: www.arm.co.za
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