Northam Platinum Holdings Limited · JSE:NPH

Northam Platinum — FY2005 Earnings Presentation

9 slides from Northam Platinum's earnings presentation, August 2005

  1. Slide 1: Annual Results for the year ended 30 June 2005

    Annual Results for the year ended 30 June 2005 Glyn Lewis, Chief Executive Officer Salient features 2 ƒ Good H2 operating performance ƒ Annual pgm production only 4.5% lower at 325 214 ounces ƒ Net income of R249 million in line with previous year ƒ Headline earnings of 107.3 cents per share ƒ Final

  2. Slide 2: Safety performance / Mine plan

    Safety performance 3 LTIIR (per 200 000 man hours) RIIR (per 200 000 man hours) 10 3 9 7.99 8 2.06 7 2 6 5.28 1.51 4.82 5 1.28 1.21 4.02 1.14 4 0.96 1.00 1 3 2.50 2.10 2 1.50 1 0 0 F1999 F2000 F2001 F2002 F2003 F2004 F2005 F1999 F2000 F2001 F2002 F2003 F2004 F2005 Regrettably, a total of 14 people d

  3. Slide 3: Operating results / Operating performance

    Operating results 5 ƒ Total development metres 10.3% lower at 11 131m ƒ Total square metres mined down 10.4% to 390 893m2 ƒ Tonnes milled down 3.7% to 2 150 144 tonnes ƒ Combined head grade up marginally to 5.6 g/t (3PGE+Au) ƒ PGMs in concentrate produced 4.5% lower at 10 115 kg ƒ Merensky ore reser

  4. Slide 4: Financial results / Metals production

    Financial results 7 ƒ Metal sales down 15.4% to 9 922 kg (3PGE+Au) ƒ Sales revenue down 9.6% to R1 555 million ƒ Unit cash costs up 10.8% to R110 267/kg ƒ Net income in line with previous year at R249 million ƒ Earnings per share down marginally to 107.3 cps ƒ R506 million cash on hand Metals produc

  5. Slide 5: Refined metal sales / Metal prices realised

    Refined metal sales 9 F2005 F2004 Change Platinum (kg) 6 098 7 365 (17.2%) Palladium (kg) 2 937 3 379 (13.1%) Rhodium (kg) 687 742 (7.4%) Gold (kg) 200 247 (19.0%) Total 9 922 11 733 (15.4%) Metal prices realised (R/kg) 10 F2005 F2004 Change Platinum 171 186 171 534 (0.2%) Palladium 40 287 47 123 (1

  6. Slide 6: Sales revenue / Revenue contributions

    Sales revenue (R000s) 11 F2005 F2004 Change Platinum 1 043 894 1 263 358 (17.4%) Palladium 118 315 159 243 (25.7%) Rhodium 185 318 91 759 102.0% Gold 16 880 21 239 (20.5%) Nickel 150 966 152 136 (0.8%) Other 39 128 32 664 19.8% Total 1 554 501 1 720 399 (9.6%) Revenue contributions 12 100% 80% Other

  7. Slide 7: Capex forecast (R million)

    Capital expenditure (R million) 13 F2005 Accelerated development 20.3 Access infrastructure to 1 & 14 levels 25.4 Development through 20 line fissure (7 & 8 levels) 10.0 Pumping upgrade 5.9 Backfill reticulation 11.9 Metallurgical plants 12.0 Routine 53.4 Total 138.9 Capex forecast (R million) 14 F2

  8. Slide 8: Cash distributions / Key issues going forward

    Cash distributions 15 Cents per share 300 250 200 135 175 H2 150 35 H1 100 110 100 100 80 70 50 45 45 20 25 0 F2000 F2001 F2002 F2003 F2004 F2005 Key issues going forward 16 ¾ Successful conclusion of wage negotiations ¾ Finalise Booysendal transaction ¾ Production • Development • Ground conditions

  9. Slide 9: Thank you

    Annual Results for the year ended 30 June 2005 Thank you 9

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