Impala Platinum Holdings Limited · JSE:IMP

Impala Platinum — H1 FY2012 Earnings Presentation

16 slides from Impala Platinum's earnings presentation, Feb 16, 2012

  1. Slide 1: Interim Results

    16/02/2012 Interim Results 16 February 2012 One Team One Vision With Pride Agenda - Overview - David Brown - Financial review - Brenda Berlin - Market review - Derek Engelbrecht - Operational review - David Brown - Conclusion - David Brown One Team One Vision With Pride 2 1

  2. Slide 2: Key features - operational and financial

    16/02/2012 Key features - operational  Safety unsatisfactory with 6 fatalities  Mine-to market (managed) refined Production 1000 platinum production unchanged at 738 000 ounces Non- 800 Non- Managed  Gross refined platinum production Managed 000 oz fell by 11% to 846 000 ounces 600  Group unit c

  3. Slide 3: Financial Review: Group Income Statement

    16/02/2012 Financial Review Brenda Berlin One Team One Vision With Pride Group Income Statement R million H1 FY2012 H1 FY2011 % change FY2011 Sales 15 412 15 315 1 33 132 Cost of sales (10 606) (10 294) (3) (21 490) Gross profit 4 806 5 021 (4) 11 642 Gross margin 31 33 (5) 35 Royalty expenses (464)

  4. Slide 4: Operating costs per platinum ounce; Group capital expenditure

    16/02/2012 Operating costs per platinum ounce 12.8% 9.9% One Team One Vision With Pride 7 Group capital expenditure Rbn One Team One Vision With Pride 8 4

  5. Slide 5: Market Review

    16/02/2012 Movement in net cash position One Team One Vision With Pride 9 Market Review Derek Engelbrecht One Team One Vision With Pride 5

  6. Slide 6: Sales Volumes by Metal; Average Prices Achieved

    16/02/2012 Sales Volumes by Metal H1 H1 % FY2011 FY2012 FY2011 change Platinum (000oz) 766 801 (4) 1 665 Palladium (000oz) 431 477 (10) 1 011 Rhodium (000oz) 97 109 (10) 221 Nickel (000t) 6 8 (24) 16 One Team One Vision With Pride 11 Average Prices Achieved – Major Metals H1 H1 % FY2011 FY2012 FY201

  7. Slide 7: Platinum, Palladium Price and R:$

    16/02/2012 Platinum, Palladium Price and R:$ 2,000 9.0 1,800 8.5 1,600 8.0 1,400 7.5 1,200 $ per Ounce 1,000 7.0 800 6.5 600 6.0 400 5.5 200 0 5.0 04/Jan/11 04/Jul/11 04/Jan/12 Pt LND pm Pd LND pm R:$ One Team One Vision With Pride 13 Investments Total 01/01/2011 31/12/2011 07/02/12 Nymex Platinum 2

  8. Slide 8: Light Vehicle Sales; Chinese Jewellery

    16/02/2012 Light Vehicle Sales Region 2009 2010 2011 North America 12 616 13 930 15 240 Western Europe 14 989 14 430 14 342 China 12 960 17 215 18 004 Rest of Asia 9 956 11 673 11 238 Rest of World 13 376 15 116 16 490 Global 63 897 72 364 75 314 One Team One Vision With Pride 15 Chinese Jewellery S

  9. Slide 9: Platinum and Palladium Supply / Demand Balance

    16/02/2012 Platinum Supply / Demand Balance 000 oz 2010 2011 2012 (Forecast) DEMAND Automobile 3 270 3 450 3 750 Jewellery 2 260 2 430 2 445 Industrial 1 695 1 725 1 780 Investment 650 150 100 Total Demand 7 875 7 755 8 075 SUPPLY South Africa 4 735 4 705 4 625 North America 230 360 370 Other 1 015

  10. Slide 10: Rhodium Supply / Demand Balance; Prospects

    16/02/2012 Rhodium Supply / Demand Balance 2012 000 oz 2010 2011 (Forecast) DEMAND Automobile 750 760 790 Industrial 150 185 190 Investment - 15 5 Total Demand 900 960 985 SUPPLY South Africa 650 667 635 North America 14 18 19 Other 26 30 31 Recycle 230 250 265 Russian Sales 70 70 65 Total Supply 99

  11. Slide 11: Operational Review: Group safety

    16/02/2012 Operational Review David Brown One Team One Vision With Pride Group safety Fatal injury frequency rate Lost time injury frequency rate One Team One Vision With Pride 22 11

  12. Slide 12: Group refined platinum production; unit cost per platinum ounce

    16/02/2012 Group refined platinum production by entity Non-managed Mine-to-Market 108 000 ozs (Managed) 900 738 000 ozs 846 59 49 800 71 700 33 52 600 92 000 oz 490 500 400 300 200 100 - Impala Zimplats Mimosa Marula Two Rivers Third Party Toll Total One Team One Vision With Pride 23 Group unit cost

  13. Slide 13: Impala and Zimplats operating issues

    16/02/2012 Impala  Issuance of a high number of Section 54’s  Heavy-handed in our opinion in many cases  Counter-productive in many respects  Impact on production and revenue  Strike  Illegal strike resulting in dismissal of workforce  Rehiring underway  Impact on production and revenue One

  14. Slide 14: Capital projects - Impala Rustenburg and Zimplats

    16/02/2012 Capital projects - Impala Rustenburg  20 Shaft  Decision to defer production by one year vindicated  Development of spines on track  Horizontal development converted from trackless to conventional  Production to commence in FY2013  16 Shaft  Shaft sinking completed  Shaft equippin

  15. Slide 15: Conclusion

    16/02/2012 Conclusion David Brown One Team One Vision With Pride Conclusion  Production and costs impacted by Section 54 safety stoppages and industrial action  Capital delivery on-going  Resolution of Zimbabwean issues remains focus of attention  Market outlook expected to remain volatile One T

  16. Slide 16: Forward-looking statement

    16/02/2012 Forward-looking statement Certain statements contained in this presentation other than the statements of historical fact contain forward-looking statements regarding Implats’ operations, economic performance or financial condition, including, without limitation, those concerning the econo

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