Slide 1: Grindrod presentation, 19 September 2023
19 September 2023 : www.grindrod.com
Slide 2: Highlights
<7 GRINDROD a Fa highlights PORT TERMINALS LOGISTICS
Slide 3: Highlights | Financial
Highlights I Financial Operational Financial Shareholder Record port Core Core headline volumes EBITDA earnings 30% 16% 26% 5.9 million tonnes R1.1 billion R563 million Mozambique Interim ordinary terminal volumes Core ROE dividend 17% 19% 100% 6.0 million tonnes Target of 15% 34.4 cents per share
Slide 4: Financial highlights
Financial highlights Port and Terminals Logistics Core 2023 H1 2022 H1 * 2023 H1 2022 H1 * Rmillion Rmillion Rmillion Rmillion Revenue 1 483 1 139 1 668 1 489 EBITDA 576 451 497 547 EBITDA margin (%) 39 40 30 37 Headline earnings 393 299 172 240 Normalised headline earnings ** 393 299 159 120 Return
Slide 5: Port, Terminals, Logistics
TERMINALS LoGIsTics
Slide 6: Net debt based on operational cash (excluding joint ventures)
Net debt based on operational cash (excluding joint ventures) June Dec Total debt analysis Rmillion 2023 2022 Rmillion Total debt 2 696 2 788 Less: operational cash ^ (1 306) (1 456) 2 788 2 696 Net debt 1 390 1 332 281 411 Net debt to equity ratio (%) 14 15 Net debt to equity ratio including ring-f
Slide 7: Financial performance - segmental basis
Financial performance - segmental basis NAV Non-core (Excluding movement Core businesses 1.06 1.64 in FCTR) operations R12.55 NAV Headline 2023 2022 (Rand / earnings * Return Return Division share) (Rand / share) on equity * on equity * Total core businesses 10.63 2.09 19% 19% NAV 4.94 * Headline ea
Slide 8: Slide 8
Slide 9: Our purpose is to make a positive difference
Our PURPOSE is to make a positive difference in Africa’s trade with the world, touching lives of the communities in which we operate.
Slide 10: Approach to strategy execution
Approach to strategy execution Strategic pillar 1 Strategic pillar 2 Strategic pillar 3 CUSTOMER OUR PEOPLE AND MARKET DIFFERENTIATION COMMUNITIES STAKEHOLDER AND SHAREHOLDER VALUE INNOVATE (Horizon 3) TO DEVELOP CUSTOMER SOLUTIONS GROW (Horizon 2) OPTIMISE (Horizon 1) Strategic pillar 6 Strategic p
Slide 11: Environmental, social and governance framework
Environmental, social and governance framework Our strategic Our business Our purpose ESG objectives imperatives Business enablers Key milestones Ideal end state Is to make a positive PROSPERI TY § Sustainable profits Grindrod’s purpose An inclusive, just difference in Africa’s FOR ALL § Decent work
Slide 12: Business update
BUSINESS UPDATE
Slide 13: Port and Terminals | 2023 H1 highlights
Port and Terminals I 2023 H1 highlights Maputo port volumes grew 30% to a record 5.9mt § Record monthly performance of 1.0mt - April and May 2023 § Delivery of two additional mobile harbor cranes Grindrod drybulk terminals volumes handled 7.5mt § Matola volumes grew 10% to 4.2mt - notwithstanding im
Slide 14: Port and Terminals | Performance highlights
Port and Terminals I Performance highlights Port volumes Terminals volumes (mtpa) (mtpa) 16.0 13.0 8,44 8.5 9.8 9.4 7.6 8,01 8.0 6.8 5,31 5.3 H2 5,01 5.0 H1 CAGR 24% H1 CAGR 20% 3,87 3.8 H2 3,74 3.7 7,54 7.5 7,49 7.5 5,89 5.9 4,52 4.5 H1 4,39 4.4 4,97 5.0 3,08 3,77 3.8 H1 3.1 2020 2021 2022 2023 202
Slide 15: Business update
PORT TERMINALS LoGISTICS
Slide 16: Logistics | 2023 H1 highlights
Logistics I 2023 H1 highlights § Northern Mozambique performance up 15% on prior period § East Africa expansion progressing, spent R207 million capex during the period § Agency and clearing and forwarding business delivered good performance § Newly formed container business joint venture ramping up
Slide 17: Growth projects
“gt r : owth orojestes’ ST f f ss
Slide 18: Portfolio of commodities | Diversification remains imperative
Portfolio of commodities I Diversification remains imperative
Slide 19: Balanced capital allocation framework
Balanced capital allocation framework H1 2023 Cash generated from operations Strong cash R375 million conversion Dividends declared 47% of total Balance sheet 34.4 cents per share headline earnings flexibility Capex growth Container Magnetite East Africa R0.6 billion R1.9 billion Rail H1 2023 2023 -
Slide 20: For more information contact
For more information contact Fathima Ally P +27 31 302 7575 E fathima.ally@grindrod.com PORT TERMINALS LOGISTICS GRINDROD
Slide 21: Forward-looking statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements other than statements of historical facts included in this presentation are or may be forward-looking statements. These statements reflect management's current expectations, beliefs, hopes, intentions or