Slide 1: Annual Results Presentation
Annual Results Presentation Living our Purpose, Shaping our Future For the year ended 31 March 2025
Slide 2: Forward looking statements
Forward looking statements Throughout this presentation there are certain statements made that are “forward- looking” statements. Any statements preceded or followed by, or that include the words “forecasts”, “believes”, “expects”, “intends”, “plans”, “predictions”, “will”, “may”, “should”, “could”,
Slide 3: Contents
Contents 1 Highlights 2 Business update 3 Finance update 4 Strategy and Growth 5 Outlook
Slide 4: Empowering growth through sustainability and innovation
Empowering growth through sustainability and innovation A purpose driven approach to agriculture and mining, delivering impact, resilience and value Customised science-based solutions through Innovation our proprietary agriculture Nutriology® model and advanced mining technologies Actively contribut
Slide 5: Strategy execution delivers high quality earnings
Strategy execution delivers high quality earnings Solid cash generation supports higher, sustainable ordinary dividend payout Financial highlights Continued outstanding growth of the Mining segment Revenue R23bn Robust volumes and resilient margins in Agriculture RSA and AgriBio, partially offset by
Slide 6: A strong operating performance from core operations
A strong operating performance from core operations Volume and margin growth delivered in a challenging market Mining Agriculture • Sustained volume growth driven by new contract • Nutriology® model drives customer value proposition wins and the extension of existing agreements • Enhanced manufactur
Slide 7: Our commitment to safety
Our commitment to safety Driving continuous improvement to achieve zero harm Recordable Case Rate Fire, Explosion and Releases Underpinned by our values and behaviours (RCR1) - Group (FER) - Group • Embed safe practices and standards 0.35 1.65 • Encourage open dialogue and ideas 0.21 0.20 0.16 0.75
Slide 8: Positive shifts in our environmental impact
Positive shifts in our environmental impact Delivering measurable impact through sustainable operations Carbon emissions intensity Renewable solar energy Volumes of water Used oil consumed (per tonne manufactured) generated (MWh)1 recycled (ML) (Dry ML) 20 109 27 194 0.087 182 25 21 21 140 12 976 0.
Slide 9: 2030 ESG targets
2030 ESG targets Driving long-term sustainable impact on emissions, circularity and responsible land use Decarbonisation and Water, waste and Biodiversity, land use and energy transition circularity environmental stewardship Target Target Reduce scope 1 & 2 emissions 45% Reduce potable water1 use 10
Slide 10: Business Update
Business Update
Slide 11: Complex global environment presents risks and opportunities
Complex global environment presents risks and opportunities Agility and strategic optionality unlock value Challenging operating environment Supportive market dynamics • Geopolitical tension increasing market • Mining sector underpinned by strong demand for volatility critical minerals essential to
Slide 12: Solid cash generation and high quality earnings delivery
Solid cash generation and high quality earnings delivery Underpinned by winning customer propositions, operational efficiency and capital discipline Revenue Gross Margin Operating Profit R22 818m 22.5% R1 698m 3% (FY24: R22 219m) 3% (FY24: 21.8%) 0% (FY24: R1 703m) Ex-Chemicals restructuring costs i
Slide 13: Margin driven growth in core segments
Margin driven growth in core segments Mining and Agriculture deliver operating profit gains despite external challenges Omnia Group1 Agriculture1 Mining Chemicals 4.9% 8.2% 7.6% 7.7% 7.4% 7.3% 10.9% 8.5% 8.1% 8.5% 5.5% 7.7% 9.3% 12.1% 12.4% 3.5% 4.8% 4.8% 0.5% (6.2%) 1 248 142 132 Rm 1 983 Rm 1 219
Slide 14: Efficiencies
Manufacturing and Supply Chain supports record throughput and improved efficiencies Ongoing investment in infrastructure enhances plant and supply reliability Ammonia derivative sales1 Utility overview2 Supply reliability 1 Utility spend per tonne (inflation adjusted)1 • Multiple sources of supply f
Slide 15: Price risk managed through agile and integrated supply chain
Price risk managed through agile and integrated supply chain Impact of volatility mitigated, supporting margin management Operating profit* (Rm) Weekly Ammonia (ZAR) Weekly Urea (ZAR) Reduced commodity price sensitivity • Market diversification through growth in Mining • Increased plant throughput s
Slide 16: Effective net working capital management delivers strong cash conversion
Effective net working capital management delivers strong cash conversion High debtors collection, stringent inventory management, increased payables • Agriculture RSA decreased due to higher collections, inventory Rm FY25 % FY24 increased to mitigate key supplier shut, offset by higher payables Net
Slide 17: Disciplined capital allocation supports rising ordinary dividend payout
Disciplined capital allocation supports rising ordinary dividend payout Protecting the core, growing profitability and shareholder returns Capital productivity Operating productivity Net cash R619m ordinary R537m special Ongoing share FY24 R2.3bn dividend dividend repurchase Maximise cash flow Prote
Slide 18: Investments and divestitures in the last five years
Investments and divestitures in the last five years Focused on value-accretive growth, aligned with core strengths and market leadership Capex to protect the business Growth capex JVs & Partnerships M&A • Safety and regulatory • Organic growth • Mining International • Maintenance capex • Mining Inte
Slide 19: Finance Update
Finance Update
Slide 20: Statement of comprehensive income
Statement of comprehensive income 31 March 31 March Revenue increase driven by robust performance in the Mining Rm % 2025 2024 segment, offset by the impact of lower average selling prices in the Revenue 22 818 3 22 219 Agriculture SADC region Cost of sales (17 689) (2) (17 374) Gross margin increas
Slide 21: Agriculture | Operating profit
Agriculture | Operating profit RSA1 Rest of Africa2 6.3% 11.3% 8.3% 7.9% 10.2% 5.3% 6.1% 6.7% 5.4% (2.8%) Rm Rm Margins 93 113 205 132 (62) 350 999 917 694 886 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Revenue i 1%, Operating profit h 28% Revenue i 9%, Operating profit i >100% • Increased fe
Slide 22: Agriculture | Operating profit
Agriculture | Operating profit International 25.2% 22.8% 22.1% 23.0% 25.4% Rm Margins 122 107 126 128 157 FY21 FY22 FY23 FY24 FY25 Revenue h 11%, Operating profit h 23% • Increase in export volumes from new contracts and the recovery of two key customers Commentary • Robust sales volume growth in Au
Slide 23: Mining | Operating profit
Mining | Operating profit RSA International 4.5% 8.3% 8.9% 10.9% 11.8% 6.4% 7.1% 9.6% 13.1% 12.9% Rm Rm Margins 105 277 373 419 472 182 237 417 580 657 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Revenue h 4%, Operating profit h 13% Revenue h 15%, Operating profit h 13% • Contract extensions a
Slide 24: Chemicals | Operating profit
Chemicals | Operating profit 3.5% 4.8% 4.8% 0.5% (6.2%) Rm Margins 101 142 132 11 (133) FY21 FY22 FY23 FY24 FY25 Revenue h 2%, Operating profit i>100% • Sector dynamics remain challenging • Accelerated restructure being executed Commentary • Rationalising product lines and infrastructure – R99m rest
Slide 25: Statement of financial position
Statement of financial position Total assets decreased by 2% 31 March 31 March Rm % 2025 2024 • Receivables decreased due to higher debtor collections Property, plant & equipment 4 799 (1) 4 842 Right-of-use assets 22 362 • Inventory increase relates to higher stock levels maintained in 440 South Af
Slide 26: Statement of cash flows
Statement of cash flows Rm 31 Mar 25 31 Mar 24 Rm 31 Mar 25 31 Mar 24 Net cash inflow from operating activities 3 864 3 252 Cash generated from ops 4 638 3 844 Cash generated from operations 4 638 3 844 Other cash generated from ops 2 577 2 450 Other cash generated from operations 2 577 Net working
Slide 27: Strategy and Growth
Strategy and Growth
Slide 28: Focused strategy, disciplined execution and global growth
Focused strategy, disciplined execution and global growth Strategic imperative on growth and diversification to enhance agility and resilience Protect and grow core Create global mining solutions Deliver sustainable solutions SADC business business of scale to global AgriBio markets • Focus on custo
Slide 29: Unlocking further value from Manufacturing and Supply chain
Unlocking further value from Manufacturing and Supply chain Competitive advantage through agility and reliability SOURCES MODES PLANTS MARKETS Ammonia derivative sales1 Indexed volumes Pipe • Newest plants Agri RSA • Most efficient/green • Largest capacity Sasolburg Road Agri Africa NAP1 Own Rail Mi
Slide 30: Leader in Agriculture with innovative customer propositions
Leader in Agriculture with innovative customer propositions Strong regional player with long-term track record of scientific rigour, quality and innovation Nutriology® R&D and innovation • Premium product offering and agronomic services optimise yield and • Partnering on emerging technologies that r
Slide 31: Scale distribution in AgriBio
Scale distribution in AgriBio Low capital intensity, positioned to deliver robust returns and strong cash generation • Biostimulant market growth expected at FY25 Volume contribution Operating Profit and Margin CAGR 9.7% from 2024 - 2032 30.9% USA 27.9% 4% • Leverage growing demand for sustainable 2
Slide 32: The Mining segment is a key growth vector
The Mining segment is a key growth vector Positions BME to be a globally successful business Attractive industry BME's right to win Mining operating profit • Underpinned by strong fundamentals • Superior product offering Rm CAGR: 41% 57% driven by urbanisation and decarbonisation • Continuous innova
Slide 33: Ongoing execution of Mining International growth strategy
Ongoing execution of Mining International growth strategy Positioned for growth and further diversification MNK JV Canadian mobilisation accelerated growth gaining momentum • Attractive market, with strong growth pipeline • Nairn facility non-electric plant fully commissioned, first sales realised •
Slide 34: Global explosives multiples reflect strong fundamentals
Global explosives multiples reflect strong fundamentals Omnia presents a compelling value opportunity Recent transaction activity Listed explosives companies 11.7 11.9 76 8.1 8.2 8.8 7.9 7.8 7.5 7.5 7.9 7.0 7.0 6.5 EV/EBITDA 4.6 Target Company Omnia Enaex EPC Dyno Orica Deepak Solar Acquirer EV1 ($m
Slide 35: Outlook
Outlook
Slide 36: Margin performance and ROE from core operations
Margin performance and ROE from core operations Margin expansion and capital discipline driving higher returns Omnia Group1,2 Agriculture1 Mining Levers to further increase 10.9% returns 12.1% 12.4% 8.9% 8.9% 8.5% 8.1% 8.5% Increase operating margin 8.0% 8.4% 9.3% 7.3% 7.7% • Mining and AgriBio grow
Slide 37: Earnings enhancing initiatives
Earnings enhancing initiatives Benefits expected to reflect in the medium term Potential annual Cost optimisation Growth increase in profit over 3 years (Rm) • AgriBio International • Manufacturing and production efficiencies • Specialities in South Africa Agriculture • Supply chain, sourcing and lo
Slide 38: Outlook
Outlook Positive outlook driven by strong customer propositions and capital discipline in favourable primary markets Mining Agriculture Chemicals • Continued growth in explosives and • Continued optimisation and efficiency • Finalisation of restructure with some mining chemicals markets initiatives
Slide 39: Omnia has significant potential for strong growth and returns
Omnia has significant potential for strong growth and returns Attractive customer propositions and operational excellence gears us for growth Compelling investor proposition Total shareholder return (%) • Operating in primary sectors 150 • Mining growth driving international diversification 100 • ES
Slide 40: Thank you to our team!
Thank you to our team! Our continued strong performance is a direct reflection of the exceptional commitment, resilience and collaboration demonstrated by our people across the business. I am incredibly proud of what we have achieved together. It is through this unified effort — one team, working wi
Slide 41: Questions
Questions
Slide 42: Annexures
Annexures
Slide 43: Governance | Board
Governance | Board Independent Board Members Executive directors Non-executive directors Tina Seelan Stephan George Sizwe Eboka Gobalsamy Serfontein Cavaleros Mncwango Chair Chief Executive Officer Finance Director Appointed in 2019 with 30 years’ Appointed in 2010 with 20 years’ Joined the board in
Slide 44: Management team
Management team Seelan Gobalsamy Stephan Serfontein Tiaan Kotzé Ditebogo Malatsi Chief Executive Officer Finance Director Chief Operating Officer SHEQ and Sustainability Chartered Accountant (SA) AMP (Harvard) Chartered Accountant (SA) Chartered Accountant (SA) MPhil (Development Finance) Cum Laude
Slide 45: Our footprint
Our footprint We have a physical presence in 23 countries, distributing to more than 40 countries from over 62 distribution centres and employing >3 800 people. Canada USA Brazil Sierra Leone DRC Kenya Mauritius China Indonesia Australia New Zealand ● ●● ● ● ● ●● ● ●● ● ●● ● Mauritania Botswana Tanz
Slide 46: Strong recovery since FY21
Strong recovery since FY21 FY21 FY22 FY23 FY24 FY25 EBITDA Agriculture1 1 090 1 648 1 611 1 306 1 345 Mining 461 707 978 1 165 1 304 Chemicals 201 212 220 54 (104) Operating profit margin1 4.9% 8.2% 7.6% 7.7% 7.4% Diluted HEPS 358 671 742 691 704 Net cash position 1 767 2 352 1 818 2 301 1 770 NWC t
Slide 47: Performing through cycles
Performing through cycles Integrated Manufacturing and Supply Chain capability and diversified growth reduce sensitivity to input price fluctuations Gross profit margin Operating profit margin 3.5% 3.8% 3.1% 7.0% 8.2% 9.5% 9.5% 6.2% 7.6% 9.7% 8.6% 10.0% 177 278 184 489 673 911 962 818 694 1036 827 1
Slide 48: EBITDA
EBITDA 3 000 2 665 2 478 2 500 2 308 2 302 1 253 2 000 1 394 1 576 1 199 1 563 1 340 1 500 900 965 1 000 1 412 1 084 1 103 500 968 663 611 0 2020 2021 2022 2023 2024 2025 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar H1 H2 2020 2021 2022 2023 2024 2025 Historically continuing operations excluding
Slide 49: Operating profit movement
Operating profit movement R94m increase R5m Rm decrease 130 144 27 18 99 1 797 1 703 1 698 1 698 FY24 Agriculture Mining Chemicals Head office FY25 Chemicals FY25 restructure operating profit impact (ex-Chemicals restructure cost) Gross margin 21.8% 22.5% 22.6% Operating margin 7.7% 7.4% 7.9% 49 FY2
Slide 50: SARS | Update on international tax dispute
SARS | Update on international tax dispute 2021 2022 2023 2024 - 2025 17 Jun 9 Dec 30 Sep Assessments Appeal SARS' response to received 15 Nov lodged 17 Feb objection Objection SARS' response to ADR submitted appeal process Background Next steps • On 9 December 2022, Omnia lodged notice of appeal an
Slide 51: Tax rate reconciliation
Tax rate reconciliation 31 Mar 31 Mar % 2025 2024 1 Non-deductible expenses and expenses of a capital nature Effective rate on taxation 31.6 31.7 include depreciation, consulting and legal fees, overseas travel and non deductible employee expenses. Adjusted for: 2 Non-deductible expenses (8.1) (4.0)
Slide 52: Capital investments
Capital investments Rm 679 657 368 339 417 387 396 292 246 284 311 318 125 150 103 FY21 FY22 FY23 FY24 FY25 Maintenance & ESG Expansion Repairs & Maintenance expense Depreciation charge FY25 | R657m actual • Strengthening SADC core: ANS intermediary storage tanks; NAP1 DCS upgrade; MMU replacement p
Slide 53: Commodities
Ni : S AY ies Commod
Slide 54: Rand/USD exchange rate
Rand/USD exchange rate R15.05 R14.60 R17.97 R17.79 R18.86 R18.92 R17.26 R18.40 R14.43 R14.84 R16.58 R17.00 R18.73 R18.80 R18.27 R18.25 20.00 16.00 12.00 Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 Closing rate Monthly average rate 6% movement 31 Mar 23 to 31 Mar 24 11% movement 31 Mar 23
Slide 55: Ammonia ME vs Urea ME | USD per tonne
Ammonia ME vs Urea ME | USD per tonne 1200 Prices at USD 31 Mar UREA (GRAN) 1000 2021 356 1.49 2022 950 800 1.31 2023 298 1.24 2024 325 1.04 1.19 1.22 2025 363 600 0.89 0.84 AMMONIA 400 2021 448 2022 1 090 2023 370 200 2024 290 2025 305 0 Mar 21 Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 2
Slide 56: Energy/commodity prices USD
Energy/commodity prices USD $600 Prices at USD 31 Mar BRENT CRUDE 2021 65 2022 104 2023 79 $400 2024 87 2025 74 COAL 2021 69 $200 2022 265 2023 138 2024 114 2025 98 $0 URANIUM Mar 21 Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 2021 28 2022 64 2023 50 2024 88 (15%) (14%) (27%) 2025 64 % M
Slide 57: International crop prices | USD per tonne
International crop prices | USD per tonne $2 000 Prices at USD 31 Mar YELLOW MAIZE 2021 197 $1 500 2022 262 2023 236 2024 158 2025 162 $1 000 WHEAT 2021 219 2022 352 $500 2023 247 2024 200 2025 189 $0 SOYA Mar 21 Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 2021 500 2022 565 2023 538 2024
Slide 58: Precious metals | USD
Precious metals |USD $3 500 Prices at USD 31 Mar $3 000 GOLD 2021 1 732 2022 1 924 $2 500 2023 1 980 2024 2 232 $2 000 2025 3084 $1 500 PLATINUM 2021 1 185 2022 986 $1 000 2023 981 2024 908 $500 2025 983 $0 PALLADIUM Mar 21 Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 Mar 25 2021 2 675 2022 2 27
Slide 59: Metal commodity prices | USD per tonne
Metal commodity prices | USD per tonne Copper Iron Ore Prices at USD $12 000 $250 31 Mar COPPER 2021 8 974 $10 000 2022 10 347 $200 2023 8 967 $8 000 2024 8 788 2025 9 772 $6 000 $150 IRON ORE $4 000 2021 167 2022 160 $100 2023 128 $2 000 2024 110 2025 102 $0 $50 Mar 21 Sep 21 Mar 22 Sep 22 Mar 23 S