Impala Platinum Holdings Limited · JSE:IMP
Impala Platinum — Investor Presentation (June 2004)
6 slides from Impala Platinum's investor presentation, June 2004
Slide 1: Investor get-together
Investor get-together June 2004 Outlook 2004 The outlook for the second half of FY2004 is better than the first half of the year on the basis of: Stronger dollar metal prices ☺ Increased sales volumes ☺ Slightly stronger rand 2 1
Slide 2: Platinum production and sales parameters – metal prices
Platinum production 000 oz 2003 2004 (Estimated range) Impala Platinum (refined) 1 040 1 060 – 1 090 IRS (refined) 633 840 – 860 Total 1 673 1 900 – 1 950 3 Sales parameters – metal prices 2003 2004 (Estimate) Platinum ($/oz) 597 775 Palladium ($/oz) 264 223 Rhodium ($/oz) 646 545 Nickel ($/tonne) 7
Slide 3: Project pipeline and sustained production outlook
Project pipeline Marula Impala 16# Impala 20# R1.8bn R2.75bn R3.2bn 125 000 – 140 000 160 000 Pt oz 195 000 Pt oz Pt oz pa Two Rivers Total: 2.3Moz Pt FY2004 FY2005 FY2006 FY2007 FY2009 FY2011 Everest South Zimplats Zimplats Zimplats Phase 1 Phase 2 Phase 3 $109m + $270m + $200m 65 000Pt oz pa 100 0
Slide 4: Lonplats sale – cash received and Incwala Resources structure
Lonplats sale – cash received ($m) Sale price 800.0 FV adjustments -5.5 794.5 Vendor finance -95.0 699.5 Dividend received -31.7 667.8 Capital range – Implats and Zimplats 200 - 300 Resultant cash balance 467 - 367 7 Simplified structure of Incwala Resources From Lonplats Lonplats Lonplats From the
Slide 5: Benefits for Implats shareholders
Benefits for Implats shareholders Purchase price of US$800 million – premium of 8% to market value at time announcement was made Credits applied to Impala achieved at a discount of 1% Cash to flow back to shareholders Further simplification of structure Base load of 8-9% of Impala lease area, added
Slide 6: Investor get-together
Investor get-together June 2004 6
Impala Platinum Holdings — Investor Presentation (June 2004) on 6ix