Andries van Heerden | Chief Executive Officer | Afrimat - - PowerPoint PPT Presentation

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Andries van Heerden | Chief Executive Officer | Afrimat - - PowerPoint PPT Presentation

Feb 18, 2024 312 likes •531 views

Andries van Heerden | Chief Executive Officer | Afrimat Limited Presentation to African Mining investors, 11 February 2015 Afrimat group overview A supplier of quality materials sourced from our quarries and open pit mines Strategically

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Andries van Heerden | Chief Executive Officer | Afrimat Limited Presentation to African Mining investors, 11 February 2015

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Afrimat group overview

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A supplier of quality materials sourced from our quarries and open pit mines Strategically diversified through product range, target market and location

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WHAT WE DO

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Quarrying : aggregates Open pit mining : industrial minerals Concrete brick & block making Readymix concrete

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Quarrying: aggregates

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Open pit mining : industrial minerals

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Concrete brick & block making

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Readymix concrete

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Company strategy

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Open pit mining Locally priced commodities Unique competitive advantage

Geographic location Unique metallurgy Structural cost advantage

Highly entrepreneurial Value added to certain products

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Afrimat’s portfolio and footprint

… portfolio … and footprint

CONCRETE BASED PRODUCTS

Concrete brick & block factories (9) Readymix batching sites (14)

MINING & AGGREGATES

Commercial quarries (23) Sand and gravel mines (7) Dolomite mines (2) Clinker (3) Limestone mine (1) Silica mine (1) Mobile crushing Drilling & blasting

… which generates a balanced consistent income stream

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Revenue and operating profit

455 874 506 717 671 349 931 871 1 030 098 398 622 489 420 666 236 969 316 200 000 400 000 600 000 800 000 1 000 000 1 200 000 1 400 000 1 600 000 1 800 000 2011 2012 2013 2014 2015 1st half 2nd half 61 747 61 906 75 623 108 909 127 349 45 868 62 334 76 860 119 362 20 000 40 000 60 000 80 000 100 000 120 000 140 000 160 000 180 000 200 000 220 000 240 000 2011 2012 2013 2014 2015 1st half 2nd half Revenue (R’000) Contribution from operations (R’000)

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Headline earnings per share

29.9 29.8 35.0 49.3 61.1

  • 10.0

20.0 30.0 40.0 50.0 60.0 70.0 2010 2011 2012 2013 2014

Interim period HEPS (cents per share)

CAGR 19.6%

2010 - 2014

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Statement of financial position

  • assets

R’000 Unaudited Aug 2014 Unaudited Aug 2013 Audited Feb 2014

Property, plant and equipment 709 070 654 808 662 306 Mining rights and goodwill 154 553 157 423 155 901 Inventories 138 036 103 404 112 965 Trade and other receivables 335 305 309 064 305 967 Cash 36 947 94 278 92 328 Other assets / BEE funding 171 029 147 408 149 950 1 544 940 1 466 385 1 479 417

Increased inventory to meet customer demand and enable lower manufacturing costs Used own cash for asset financing

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Statement of financial position

  • equity & liabilities

R’000 Unaudited Aug 2014 Unaudited Aug 2013 Audited Feb 2014

Total equity 864 072 795 518 837 963 Borrowings 152 907 187 873 171 038 Provisions 63 530 60 416 55 860 Overdraft 85 353 57 856 51 451 Trade and other liabilities 273 360 265 376 265 743 Other liabilities / deferred tax 105 718 99 346 97 362 1 544 940 1 466 385 1 479 417 Reduced borrowings by financing assets with surplus cash

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Dividends

6 6 8 11 13 2 4 6 8 10 12 14 2010 2011 2012 2013 2014

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OUR MARKET

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SA age of national road network

Source StanLib 16

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Paved network condition: Summary 2013

Source: SABITA 17

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Provincial and SANRAL’s expenditures on roads trend

Source: SABITA 18

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Risk mitigation

  • Drive to create a unique and positive culture
  • Communication and upliftment
  • BEE share scheme

Labour unrest

  • No single dominant debtor
  • Strict efficient credit control

Steel industry under pressure

  • Constant strategic management (avoiding threats,

exploiting opportunities)

  • Entrepreneurial culture and creative innovative

solutions

  • Strong balance sheet

Macro-economic threats

  • Seeking opportunities outside of SA
  • Eyes wide open in South Africa
  • Payments terms strictly monitored

Country risk in South Africa

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Share price history

200 400 600 800 1000 1200 1400 1600 1800 2000 2010/01/01 2010/03/01 2010/05/01 2010/07/01 2010/09/01 2010/11/01 2011/01/01 2011/03/01 2011/05/01 2011/07/01 2011/09/01 2011/11/01 2012/01/01 2012/03/01 2012/05/01 2012/07/01 2012/09/01 2012/11/01 2013/01/01 2013/03/01 2013/05/01 2013/07/01 2013/09/01 2013/11/01 2014/01/01 2014/03/01 2014/05/01 2014/07/01 2014/09/01 2014/11/01 2015/01/01

Afrimat closing share price (cps)

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Q & A

Thank you for your attendance and participation www.afrimat.co.za For any further Investor Relations questions please contact:

Andries van Heerden (CEO): 021 917 8840 or Vanessa Rech (Keyter Rech Investor Solutions): 011 447 8656

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