Slide 1: Grindrod Limited Reviewed Results and Dividend Announcement
PORT AND TERMINALS + LOGISTICS + BANK www.grindrod.com GRINDROD LIMITED REVIEWED RESULTS AND DIVIDEND ANNOUNCEMENT for the year ended 31 December 2019 Presentation and announcement download www.grindrod.com > Investor relations
Slide 2: Overview and Highlights
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 OVERVIEW AND HIGHLIGHTS 2019 Andrew Waller PORT AND TERMINALS + LOGISTICS + BANK
Slide 3: 2019 - The Year That Was
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 2019 - THE YEAR THAT WAS DELIVERING A GROW T H ST RAT EGY – restoring shareholder value BUSINESS ENVIRONMENT STRATEGY Slowing global economy, Driving a corridor approach, trade uncertainties weigh on secu
Slide 4: Executing on Growth Strategy During the Year
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 EXECUTING ON GROWTH STRATEGY DURING THE YEAR UNLOCKING SUB-SAHARAN T RADE CORRIDORS Port and Terminals • Incremental additions • Diversification Containers • Expanding capabilities • Growing current footp
Slide 5: Executing on Growth Strategy During the Year
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 EXECUTING ON GROWTH STRATEGY DURING THE YEAR CREAT ING SUSTAINABLE RET URNS AND LONG -T ER M VALUE FOR SHAREHOLDE RS Bank Refreshed board and management Further capital of R100 million Investment in techn
Slide 6: Finance Presentation 2019 Results
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 FINANCE PRESENTATION 2019 RESULTS Xolani Mbambo PORT AND TERMINALS + LOGISTICS + BANK Transições I MOIANI PHOTOGRAPHY
Slide 7: Income Statement – Continuing Operations
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 2019 RESULTS INCOME STATEMENT – CONTINUING OPERATIONS Rmillion 2019 2018 VAR (%) Comments Revenue 3 873 3 467 12 Additional volumes Trading profit 1 029 871 18 Improved margin at 27% (2018: 25%) Depreciat
Slide 8: Income Statement – Joint Ventures
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 2019 RESULTS INCOME STATEMENT – JOINT VENTURES Rmillion 2019 2018 VAR (%) Comments Revenue 1 134 945 20 Increased volumes in Terminals Trading profit 487 574 (15) 2018 included once off fuel concession fe
Slide 9: Headline Earnings - 2019
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 2019 RESULTS HEADLINE EARNINGS - 2019 Group Bank Logistics Port and Terminals Dec-19 (40) 83 174 308 525 Dec-18 179 111 50 140 480 PORT AND TERMINALS + LOGISTICS + BANK
Slide 10: Income Statement – Discontinued Operations
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 2019 RESULTS INCOME STATEMENT – DISCONTINUED OPERATIONS Rmillion 2019 2018 VAR (%) Comments Revenue - 1 882 (100) 2018 included Shipping to June 2018 Trading profit - 226 (100) 2018 included Shipping to J
Slide 11: Statements of Financial Position
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 2019 RESULTS STATEMENTS OF FINANCIAL POSITION Rmillion Dec Dec Comments 2019 2018 Property, plant and equipment 2 962 2 759 Infrastructure upgrades and handling equipment Intangible assets 773 702 Investm
Slide 12: Statements of Financial Position
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 2019 RESULTS STATEMENTS OF FINANCIAL POSITION Rmillion Dec Dec Comments 2019 2018 Shareholders’ equity 8 737 9 483 Interest-bearing borrowings 4 528 4 009 Medium-term debt raised Customer deposits 11 180
Slide 13: Statements of Cash Flow
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 2019 RESULTS STATEMENTS OF CASH FLOW Rmillion 2019 2018 Comments Cash generated from operations 1 019 1 022 Net interest (103) (43) Net dividends paid (134) 31 2018 final, 2019 interim & preference divide
Slide 14: Disciplined Capital Allocation
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DISCIPLINED CAPITAL ALLOCATION Positive cash generated Total capex for from operations SUSTAINING Expansion and CAPEX replacement Existing cash and facilities >R1 billion Sustainable CASH RETURNS TO SHARE
Slide 15: Divisional Overview Port and Terminals
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DIVISIONAL OVERVIEW PORT AND TERMINALS Andrew Waller PORT AND TERMINALS + LOGISTICS + BANK
Slide 16: Divisional Overview – Port
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 Volume DIVISIONAL OVERVIEW growth 8% PORT 2019 operational highlights 2020 key focus areas • Improved Port handled volumes • Finalise port master plan to guide further development of the Port and its corr
Slide 17: Divisional Overview – Terminals
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 Volume growth DIVISIONAL OVERVIEW from H1 2019 28% T ERMINAL S 2019 operational highlights 2020 key focus areas • Matola terminal achieved an average of 730 000 • Maintain peak performance and continue to
Slide 18: Port and Terminals Capacity and Utilisation
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 PORT AND TERMINALS CAPACITY AND UTILISATION ENHANCING CAPITAL RETURNS H1 H2 Change Change Annual Terminals 2019 2019 % 2019 2018 % capacity Drybulk (tonnes) 4 416 107 5 666 468 28% 10 882 575 9 975 367 1%
Slide 19: Port and Terminals Commodities Mix
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 PORT AND TERMINALS COMMODITIES MIX DIVERSIFIED VOLUMES HANDLED MANAGEMENT EBITDA ANALYSIS 2015 7% 2016 2017 2019 2018 2019 93% - 5 000 10 000 15 000 20 000 Magnetite Coal Sized coal Chrome / Ferrochrome C
Slide 20: Divisional Overview Logistics
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DIVISIONAL OVERVIEW LOGISTICS Andrew Waller PORT AND TERMINALS + LOGISTICS + BANK
Slide 21: Divisional Overview – Seafreight, Intermodal, Clearing and Forwarding
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DIVISIONAL OVERVIEW SEAFREIGHT, INTERMODAL, CLEARING AND FORWARDING AND AGENCY 2019 operational highlights 2020 key focus areas • Increased containers handled to over 500 000 TEU • Form an integral part o
Slide 22: Divisional Overview – Northern Mozambique
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DIVISIONAL OVERVIEW NORT HERN MOZA MB I QUE 2019 operational highlights 2020 key focus areas • Expand the corridor from strong base: • Deliver freight into the Palma region - Nacala - 200 employees, 65 tr
Slide 23: Divisional Overview – North-South Corridor
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DIVISIONAL OVERVIEW NORT H-SOUT H CORRIDOR 2019 operational highlights 2020 key focus areas • Locomotives fleet at 83% deployment in the region • Ring fencing train sets to drive effective corridor • Secu
Slide 24: Divisional Overview Bank
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DIVISIONAL OVERVIEW BANK David Polkinghorne PORT AND TERMINALS + LOGISTICS + BANK
Slide 25: Divisional Overview – Bank
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DIVISIONAL OVERVIEW BANK 2019 operational highlights 2020 key focus areas • Further capitalisation of R100 million in June • Introduction of new B-BBEE strategic partners to support growth • Advances incr
Slide 26: Divisional Overview Non-Core
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DIVISIONAL OVERVIEW NON-CORE Andrew Waller PORT AND TERMINALS + LOGISTICS + BANK
Slide 27: Divisional Overview – Non-Core
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DIVISIONAL OVERVIEW NON-CORE 2019 operational highlights 2020 key focus areas • Private equity investments management • Private equity structured exit over three years separated from bank activities • Dis
Slide 28: Strategic Outlook Grindrod
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 STRATEGIC OUTLOOK GRINDROD Andrew Waller PORT AND TERMINALS + LOGISTICS + BANK
Slide 29: Delivering a Growth Strategy in a Dynamic World
Grindrod Limited Reviewed results and dividend announcement for the year ended 31 December 2019 DELIVERING A GROWTH STRATEGY IN A DYNAMIC WORLD DELIVERING A GROW T H ST RAT EGY – restoring shareholder value BUSINESS STRATEGY ENVIRONMENT Port and Terminals - Active involvement in South incremental ad
Slide 30: Thank you
Thank you PORT AND TERMINALS + LOGISTICS + BANK