Slide 1: Provisional Reviewed Results and Dividend Announcement, Year Ended 31 December 2020
GRINDROD LIMITED PROVISIONAL REVIEWED RESULTS AND DIVIDEND ANNOUNCEMENT forthe year ended 31 December 2020 on GRINDROD
Slide 2: Andrew Waller
GRINDROD LIMITED Provisional reviewed results and dividend announcement for the year ended 31 December 2020 ANDREW WALLER PORT AND TERMINALS + LOGISTICS + BANK
Slide 3: 2020 – The Year That Was: Business Overview
GRINDROD LIMITED 2020 – THE YEAR THAT WAS Provisional reviewed results and dividend announcement for the year ended 31 December 2020 BUSINESS OVERVIEW Overall Robust performance in core businesses. These businesses did well to recover in second half Strong management focus • Driving corridor approac
Slide 4: 2020 – The Year That Was: Business Overview
GRINDROD LIMITED 2020 – THE YEAR THAT WAS Provisional reviewed results and dividend announcement for the year ended 31 December 2020 BUSINESS OVERVIEW Northern Mozambique Grindrod’s presence in Northern Mozambique as a key logistics corridor player in the liquefied natural gas (LNG) project has yiel
Slide 5: Fathima Ally
GRINDROD LIMITED Provisional reviewed results and dividend announcement for the year ended 31 December 2020 FAT H I M A A L LY PORT AND TERMINALS + LOGISTICS + BANK
Slide 6: Results 2020: Financial Highlights
GRINDROD LIMITED RESULTS 2020 Provisional reviewed results and dividend announcement for the year ended 31 December 2020 FINANCIAL HIGHLIGHTS Core Core Core revenue* trading profit* earnings* R4.7 billion R1.4 billion R329 million Net Cash generated Net debt asset value from operations to equity per
Slide 7: Segmental Income Statement
GRINDROD LIMITED RESULTS 2020 Provisional reviewed results and dividend announcement for the year ended 31 December 2020 SEGMENTAL INCOME STATEMENT Rmillion 2020 2019 VAR (%) Comments Revenue 16 370 20 935 Core operations 4 750 4 816 (1) Non-core operations 11 620 16 119 (28) Decline in Marine Fuels
Slide 8: Segmental Balance Sheet
GRINDROD LIMITED RESULTS 2020 Provisional reviewed results and dividend announcement for the year ended 31 December 2020 SEGMENTAL BALANCE SHEET Rmillion 2020 2019 Comments Property, plant and equipment 3 366 3 399 Right of use asset 1 225 1 566 Depreciation Intangible assets 1 091 1 256 Impairment
Slide 9: Segmental Balance Sheet
GRINDROD LIMITED RESULTS 2020 Provisional reviewed results and dividend announcement for the year ended 31 December 2020 SEGMENTAL BALANCE SHEET Rmillion 2020 2019 Comments Shareholders’ equity 7 975 8 550 Current year loss offset by FCTR increase Interest-bearing borrowings 3 837 3 908 IFRS 16 leas
Slide 10: Divisional Financial Performance – Port and Terminals, Logistics
GRINDROD LIMITED DIVISIONAL FINANCIAL PERFORMANCE Provisional reviewed results and dividend announcement for the year ended 31 December 2020 FINANCIAL PERFORMANCE – SEGMENTAL BASIS Port and Terminals Logistics Core 2020 2019 2020 2019 Rm Rm Rm Rm Revenue 1 082 1 152 3 232 3 273 EBITDA 461 458 907 85
Slide 11: Divisional Financial Performance – Bank
GRINDROD LIMITED DIVISIONAL FINANCIAL PERFORMANCE Provisional reviewed results and dividend announcement for the year ended 31 December 2020 FINANCIAL PERFORMANCE – SEGMENTAL BASIS Bank Core 2020 2019 Rm Rm Revenue 378 350 EBITDA 38 94 Net profit 38 83 Net asset value 1 603 1 563 Core deposits 8 551
Slide 12: Group Legal Net Debt Analysis
GRINDROD LIMITED GROUP LEGAL NET DEBT ANALYSIS Provisional reviewed results and dividend announcement for the year ended 31 December 2020 Net debt to equity excl. Bank and IFRS 16 NET DEBT RECONCILIATION Rmillion 2020 26% 2019 16% (327) 907 (202) 3 044 (272) 2 586 968 (120) (69) 1 206 December (600)
Slide 13: Net Asset Value per Share
GRINDROD LIMITED RESULTS 2020 Provisional reviewed results and dividend announcement for the year ended 31 December 2020 Division Headline Return on NET ASSET VALUE PER SHARE NAV earnings equity (Rand / share) (Rand / share) (%) Freight and 7.14 0.44 6% Group* Non-core R0,62 R0,55 R0,48 Bank 1.96 0.
Slide 14: Xolani Mbambo
GRINDROD LIMITED Provisional reviewed results and dividend announcement for the year ended 31 December 2020 XOLANI MBAMBO PORT AND TERMINALS + LOGISTICS + BANK
Slide 15: Divisional Overview: Port
GRINDROD LIMITED DIVISIONAL OVERVIEW Provisional reviewed results and dividend announcement for the year ended 31 December 2020 PORT 2020 operational highlights 2021 key focus areas • Earnings growth of 18% • Volume recovery • Volume performance was softer at 13% • Complete rail terminal constructio
Slide 16: Divisional Overview: Port volumes
GRINDROD LIMITED DIVISIONAL OVERVIEW Provisional reviewed results and dividend announcement for the year ended 31 December 2020 PORT Change Tonnes 2020 2019 % Chrome / ferrochrome 5 320 112 6 412 465 (17%) Sub-concession and other 13 063 032 14 653 987 (11%) Port of Maputo 18 383 144 21 066 452 (13%
Slide 17: Xolani Mbambo
GRINDROD LIMITED Provisional reviewed results and dividend announcement for the year ended 31 December 2020 XOLANI MBAMBO PORT AND TERMINALS + LOGISTICS + BANK
Slide 18: Divisional Overview: Terminals
GRINDROD LIMITED DIVISIONAL OVERVIEW Provisional reviewed results and dividend announcement for the year ended 31 December 2020 TERMINALS 2020 operational highlights 2021 key focus areas • Terminals maintained prior year EBITDA • Volume recovery despite 7% volume decline • Road haul solution at Mato
Slide 19: Port and Terminals Capacity and Utilisation
GRINDROD LIMITED PORT AND TERMINALS CAPACITY Provisional reviewed results and dividend announcement for the year ended 31 December 2020 AND UTILISATION TERMINALS Change Annual H1 H2 2020 2019 % capacity Drybulk (tonnes) 4 385 674 5 010 549 9 396 223 10 082 575 (7%) 15 150 000 Matola terminal 1 2 622
Slide 20: Xolani Mbambo
GRINDROD LIMITED Provisional reviewed results and dividend announcement for the year ended 31 December 2020 XOLANI MBAMBO PORT AND TERMINALS + LOGISTICS + BANK
Slide 21: Divisional Overview: Seafreight, Intermodal, Clearing & Forwarding
GRINDROD LIMITED DIVISIONAL OVERVIEW Provisional reviewed results and dividend announcement for the year ended 31 December 2020 SEAFREIGHT, INTERMODAL, CLEARING & FORWARDING AND AGENCY OPERATING PERFORMANCE 2020 operational highlights 2021 key focus areas 4 vessels • Seafreight and Intermodal • Seaf
Slide 22: Divisional Overview: Northern Mozambique
GRINDROD LIMITED DIVISIONAL OVERVIEW Provisional reviewed results and dividend announcement for the year ended 31 December 2020 NORTHERN MOZAMBIQUE 2020 operational highlights 2021 key focus areas SERVICE OFFERING INCLUDES • Complied with global risk standards • Complete Palma logistics hub construc
Slide 23: Divisional Overview: Rail
GRINDROD LIMITED DIVISIONAL OVERVIEW Provisional reviewed results and dividend announcement for the year ended 31 December 2020 RAIL 2020 operational highlights 2021 key focus areas • Completed Rail merger • Extension of the Northline concession with NRZ • Deployed rolling stock on Tazara corridor •
Slide 24: David Polkinghorne
GRINDROD LIMITED Provisional reviewed results and dividend announcement for the year ended 31 December 2020 D AV I D POLKINGHORNE PORT AND TERMINALS + LOGISTICS + BANK
Slide 25: Divisional Overview: Bank
GRINDROD LIMITED DIVISIONAL OVERVIEW Provisional reviewed results and dividend announcement for the year ended 31 December 2020 BANK 2020 operational highlights 2021 key focus areas • Increase in Advances of 8% to R7.9 billion • Continue focused lending (December 2019: R7.3 billion) • SME banking gr
Slide 26: Andrew Waller
GRINDROD LIMITED Provisional reviewed results and dividend announcement for the year ended 31 December 2020 ANDREW WALLER PORT AND TERMINALS + LOGISTICS + BANK
Slide 27: Divisional Overview: Non-Core
GRINDROD LIMITED DIVISIONAL OVERVIEW Provisional reviewed results and dividend announcement for the year ended 31 December 2020 NON-CORE 2020 operational highlights • The following assets are all subject to sale processes being conducted with appropriate advisor teams • Total net asset base per shar
Slide 28: Divisional Overview: Non-Core
GRINDROD LIMITED DIVISIONAL OVERVIEW Provisional reviewed results and dividend announcement for the year ended 31 December 2020 NON-CORE Disposal assets Fair value Earnings and headline earnings Status Private equity, property R1.5 bn Fair value adjustments and impairments • A single transaction to
Slide 29: Andrew Waller
GRINDROD LIMITED Provisional reviewed results and dividend announcement for the year ended 31 December 2020 ANDREW WALLER PORT AND TERMINALS + LOGISTICS + BANK
Slide 30: Delivering a Strategy in a Dynamic World
GRINDROD LIMITED DELIVERING A STRATEGY Provisional reviewed results and dividend announcement for the year ended 31 December 2020 IN A DYNAMIC WORLD THE RIGHT BUSINESS MODEL TO UNLOCK TRADE CORRIDORS IN FREIGHT BUSINESS Port and Terminals Containers Northern Mozambique Rail corridors Increase utilis
Slide 31: Restoring Shareholder Value and Outlook
GRINDROD LIMITED DELIVERING A STRATEGY Provisional reviewed results and dividend announcement for the year ended 31 December 2020 IN A DYNAMIC WORLD RESTORING SHAREHOLDER VALUE OUTLOOK Health Right Growth Strong balance Management Confidence Grindrod well and safety business strategy sheet and and B
Slide 32: Condolences and thanks
Our = ——— to the families and friends of the 5 employees who have sadly lost their lives (4 due to COVID-19). We would like to thank all staff members, customers, suppliers, funders, shareholders and the board members for their support during these challenging times. GRINDROD
Slide 33: Thank You
THANK YOU PORT For more information contact TERMINALS Fathima Ally LOGISTICS BANK P +27 31 302 7575 E fathima.ally@grindrod.com www.grindrod.com GRINDROD
Slide 34: Annexure: Trade Corridors
ANNEXURE: TRADE CORRIDORS North-South Tazara Walvis Bay Chicualacuala Komatipoort Nacala Description Linking to Linking Linking to Linking to Linking to Linking to of corridor Durban and to Dar es Walvis Bay Maputo port Maputo Nacala port Richards Salaam Bay Geographical DRC DRC DRC Zimbabwe South A