Business
2022 Full Year Results
2022 Full Year Results.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n \n \n \n \n \n 29 March 2023\n \n \n \n \n \n \n \n \n CENTRAL ASIA METALS PLC\n \n \n \n ('CAML' or the 'Company')\n \n \n \n 2022 Full Year Results\n \n \n \n Central Asia Metals plc (AIM: CAML) today announces its full year results for the 12 months ended 31 December 2022.\n \n \n \n Financial highlights\n \n \n \n 2022 final dividend of 10 pence per share\n \n \n ·\n 2022 full year dividend of 20 pence per share (2021: 20 pence)\n \n \n ·\n Represents 47% of 2022 free cash flow1 ('FCF'), (2021: 45%) in line with stated dividend policy\n \n \n ·\n Final dividend payable on 23 May 2023 to shareholders registered on 28 April 2023\n \n \n Financial results\n \n \n ·\n Group gross revenue\n \n \n \n [1]\n \n \n \n of $232.2 million (2021: $235.2 million)\n \n \n o \n Group net revenue of $220.9 million (2021: $223.4 million)\n \n \n ·\n Group EBITDA\n \n 1\n \n of $131.6 million (2021: $141.5 million)\n \n \n ·\n EBITDA margin\n \n 1\n \n of 57% (2021: 60%)\n \n \n ·\n Group FCF\n \n 1\n \n of $89.7 million (2021: $103.8 million)\n \n \n ·\n Adjusted EPS (excluding a non-cash impairment) of 48.15 cents, reported EPS of 19.10 cents (2021: 47.69 cents)\n \n \n Strong balance sheet\n \n \n ·\n Cash in the bank as at 31 December 2022 of $60.6 million2 (2021: $59.2million)\n \n \n ·\n Fully repaid $187.0 million corporate debt facility\n \n \n ·\n Non-cash impairment charge for Sasa of $55.1 million\n \n \n \n \n \n [1]\n See Financial Review section for definition of non-IFRS alternative performance measures\n \n \n 2\n The cash balance figure disclosed includes restricted cash balance\n \n \n \n \n \n \n \n Sustainability and operational overview\n \n \n \n ·\n Zero lost time injuries ('LTIs') at Kounrad during 2022 (2021: zero)\n \n \n ·\n Two LTIs at Sasa during 2022 (2021: four)\n \n \n ·\n Reduction in GHG emissions of 40% against 2020 base line\n \n \n ·\n Climate change scenario analysis undertaken in 2022\n \n \n ·\n Record copper production of 14,254 tonnes (2021: 14,041 tonnes)\n \n \n ·\n Zinc in concentrate production of 21,473 tonnes (2021: 22,167 tonnes)\n \n \n ·\n Lead in concentrate production of 27,354 tonnes (2021: 27,202 tonnes)\n \n \n \n \n 2023 outlook\n \n \n \n \n Guidance of:\n \n \n \n ·\n Copper, 13,000 to 14,000 tonnes\n \n \n ·\n Zinc in concentrate, 19,000 to 21,000 tonnes\n \n \n ·\...