ANGLO AMERICAN PLATINUM 2020 Interim Results Presentation BUILDING THE BUSINESS FOR THE FUTURE, BEYOND CURRENT HEADWINDS
CAUTIONARY STATEMENT Anglo American Platinum’s actual results, performance or Disclaimer : This presentation has been prepared by Anglo American from publicly available third party sources. Platinum Limited (“Anglo American Platinum”) and comprises the achievements to differ materially from those in the forward-looking As such it presents the views of those third parties, but may not written materials/slides for a presentation concerning Anglo American statements include, among others, levels of actual production during necessarily correspond to the views held by Anglo American Platinum. any period, levels of global demand and commodity market prices, Platinum. By attending this presentation and/or reviewing the slides you agree mineral resource exploration and development capabilities, recovery to be bound by the following conditions. rates and other operational capabilities, the availability of mining and processing equipment, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market This presentation is for information purposes only and does not No Investment Advice constitute an offer to sell or the solicitation of an offer to buy shares in prices and operating costs, the availability of sufficient credit, the Anglo American Platinum. Further, it does not constitute a effects of inflation, political uncertainty and economic conditions in This presentation has been prepared without reference to your relevant areas of the world, the actions of competitors, activities by recommendation by Anglo American Platinum or any other party to particular investment objectives, financial situation, taxation position sell or buy shares in Anglo American Platinum or any other governmental authorities such as changes in taxation or safety, and particular needs. It is important that you view this presentation in securities. All written or oral forward-looking statements attributable health, environmental or other types of regulations in the countries its entirety. If you are in any doubt in relation to these matters, you to Anglo American Platinum or persons acting on their behalf are where Anglo American Platinum operates, conflicts over land and should consult your stockbroker, bank manager, solicitor, accountant, resource ownership rights and such other risk factors identified in qualified in their entirety by these cautionary statements. taxation adviser or other independent financial adviser (where Anglo American Platinum’s most recent Integrated Report. applicable, as authorised in South Africa, under the Financial Advisory and Intermediary Services Act 37 Forward-looking statements should, therefore, be construed in light of of 2002). Forward-Looking Statements such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this presentation. This presentation includes forward-looking statements. All statements, other than statements of historical facts included in Alternative performance measures this presentation, including, without limitation, those regarding Anglo Anglo American Platinum expressly disclaims any obligation or American Platinum’s financial position, business, acquisition and Throughout this presentation a range of financial and non-financial undertaking (except as required by applicable law, the Listings divestment strategy, plans and objectives of management for future measures are used to assess our performance, including a number Requirements of the securities exchange of the JSE Limited in South operations (including development plans and objectives relating to of the financial measures that are not defined under international Africa and any other applicable regulations) to release publicly any Anglo American Platinum’s products, production forecasts and, financial reporting standards (IFRS), which are termed ‘alternative updates or revisions to any forward-looking statement contained performance measures’ (APMs). Management uses these measures reserve and resource positions), are forward-looking statements. By herein to reflect any change in Anglo American Platinum’s to monitor Anglo American Platinum’s financial performance their nature, such forward-looking statements involve known and expectations with regard thereto or any change in events, conditions unknown risks, uncertainties and other factors which may cause the alongside IFRS measures because they help illustrate the underlying or circumstances on which any such statement is based. actual results, performance or achievements of Anglo American financial performance and position of Anglo American Platinum. Platinum, or industry results, to be materially different from any future These APMs should be considered in addition to, and not as a results, performance or achievements expressed or implied by such substitute for, or as superior to, measures of financial performance, Nothing in this presentation should be interpreted to mean that future forward-looking statements. financial position or cash flows reported in accordance with IFRS. earnings per share of Anglo American Platinum will necessarily APMs are not uniformly defined by all companies, including those in match or exceed its historical published earnings per share. Anglo American Platinum’s industry. Accordingly, it may not be Such forward-looking statements are based on numerous assumptions regarding Anglo American Platinum’s present and future comparable with similarly titled measures and disclosures by other business strategies and the environment in which Anglo American companies. Certain statistical and other information about Platinum will operate in the future. Important factors that could cause Anglo American Platinum included in this presentation is sourced Interim Results July 2020 2
2020 INTERIM RESULTS AGENDA . Supporting stakeholders Natascha Viljoen Operational performance Natascha Viljoen . Financials Craig Miller . PGM market review Natascha Viljoen 1 Positioning the business for the future Natascha Viljoen . Outlook and guidance Natascha Viljoen Interim Results July 2020 3
RESILIENT BUSINESS DESPITE HEADWINDS Safety performance Health and well-being Community support - Covid-19 Fatalities Protecting livelihoods Investment in communities zero R1.2 bn R55 m at managed operations in unproductive labour costs to support employees Robust PGM fundamentals Strong balance sheet Industry leading returns USD basket price up Net cash position H1 2020 dividend 56 % R11.3 bn R2.8 bn rand basket price up 80% after paying R11.1 billion in dividends R10.23 per share per PGM ounce sold Interim Results July 2020 4
SUPPORTING STAKEHOLDERS 5
ELIMINATION OF FATALITIES REMAINS THE FOCUS Fatalities & total recordable case injury frequency rate (TRCFR) (1) Fatalities in H1 2020 9 5 zero 8 4.52 4.5 at own managed operations 7 4 6 6 Fatality free days 3.5 5 620 4 3.00 3 at own managed operations since 19 October 2018 3 2.50 2.5 2.24 2 2 Improved safety indicators 2 2.24 1 zero zero 0 1.5 TRCFR (1) down 50% since 2017 2017 2018 2019 H1 2020 Interim Results July 2020 6
DEVELOPING OUR COVID-19 RESPONSE SU PPOR T W H ER E IT IS N EED ED MOST Prevent Respond Recover Operating protocols Employee and Safe and healthy community support operations Physical & mental health Workforce & Education, healthcare community testing and livelihoods Interim Results July 2020 7
SUPPORTING COMMUNITIES THROUGH COVID-19 24,000 100,000 77 53,000 4.6m reach – through food parcels delivered face masks donated clinics supported provided access to water education awareness campaigns Commitment to reshaping relationships with communities Interim Results July 2020 8
OPERATIONAL PERFORMANCE 9
CHALLENGING H1 | COVID-19 & ACP HEADWINDS Operational performance H1 2020 production Lost PGM production PGM production decreased Impacted by Due to Covid-19 Covid-19 25% ~585,000 Refined production (2) H1 2020 refined production All-in-sustaining cost (3) PGM production decreased Impacted by AISC per platinum ounce sold 49% $(480) ACP repairs Including tolling decreased 46% against a realised platinum price of $857 Interim Results July 2020 10
MOGALAKWENA | OPERATING AT 100% Total PGM Production (’000 ounces) Impact of COVID- 19 (‘000 ounces) PGM production decrease 8% 8% 610 impact from COVID-19 COVID-19 560 losses 70 63 Production level 303 278 100% 281 258 at the end of June 307 All-in-sustaining cost 282 258 239 $(594) per platinum ounce sold H1 2019 H1 2020 H1 2019 H1 2020 Platinum Palladium Other PGMs & Gold Q1 Q2 Covid-19 losses Interim Results July 2020 11
AMANDELBULT | OPERATING AT 50%, RAMP UP TO 85% Total PGM Production (’000 ounces) 2020 Ramp-up schedule (% vs 2019) PGM production decrease 48% 48% 85% 422 impact from COVID-19 75% 108 Production level COVID-19 losses 50% 50% 99 at the end of June, increasing to 85% 56 by the end of 2020 51 215 218 All-in-sustaining cost $(176) 111 June 2020 Q3 2020 Q4 2020 per platinum ounce sold H1 2019 H1 2020 Platinum Palladium Other PGMs & Gold Interim Results July 2020 12
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