Grindrod Limited · JSE:GND
Grindrod — H1 2022 Earnings Presentation
24 slides from Grindrod's earnings presentation, 2022
Slide 1: Financial position – H1 2022
PORT TERMINALS LOGISTICS www.gFindrod.com , eae
Slide 2: Purpose and strategy
purpose Saf: strategy = PORT TERMINALS LOGISTICS BANK
Slide 3: PORT,
fe PORT, TERMINALS LOGisTICS
Slide 4: Customer, our people and communities, operational excellence
CUSTOMER OUR PEOPLE AND COMMUNITIES OPERATIONAL EXCELLENCE Focus areas Focus areas Focus areas § Customer-focused solutions § A sustainable and high-performance § Operational metrics corporate culture driven by a united purpose § Customer satisfaction § ISO certification § Customer growth and retent
Slide 5: Strategy executed across three horizons
The strategy is being executed across three horizons RENOVATE existing products, OPTIMISE new solutions based on INNOVATE to create new markets maximise impact in existing markets existing capabilities Horizon 1 Horizon 2 Horizon 3 Operational excellence Extend current business Develop new playing f
Slide 6: PORT
PORT TERMINALS LOGISTICS BANK
Slide 7: Freight Services - financial highlights
Freight Services - financial highlights Port and Terminals Logistics Core 2022 H1 2021 H1 2022 H1 2021 H1 SHERQ Fatality (target: nil) nil nil nil nil LTI (target: nil) 3 3 5 8 LTIFR (target: <=0.5) 0.33 0.44 0.37 0.51 FINANCIAL Revenue (Rm) 1 182 495 1 664 1 640 EBITDA (Rm) 442 166 582 380 EBITDA m
Slide 8: Divisional overview
PORT TERMINALS LOGISTICS BANK
Slide 9: Port and Terminals - H1 2022 highlights
Port and Terminals - H1 2022 highlights § Maputo port volumes grew 30% to 12.3 million tonnes § Maputo port successfully commissioned its 6 berths § Grindrod drybulk terminals volumes handled increased 52% § Expansion of Maputo terminals facility in response to global coal demand - Temporary expansi
Slide 10: Port and Terminals - operational highlights
Port and Terminals - operational highlights Maputo Port Development Company (MPDC) million tonnes H1 H2 6.50 5.40 +16% +3% +17% +12% 3,50 3.50 Capacity 4.70 2,90 2.90 3,50 3,93 3.93 3,93 3.93 2,90 3,00 3.50 2,50 3,00 2,50 2.50 2.90 3.00 2.50 3.00 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 2020 2021 202
Slide 11: Divisional overview - Logistics
TERMINALS LoGIsTics DIVISIONAL OVERVIEW | 4 logistic
Slide 12: Logistics - H1 2022 highlights
Logistics - H1 2022 highlights § Strong recovery in coastal shipping and container depot business - Depot facilities were impacted by severe floods during April - Damages to the infrastructure as well as clean-up costs covered by insurance § Delivering on container depot solutions to our customers -
Slide 13: PORT
PORT TERMINALS LoGISTICS BANK
Slide 14: Port and Terminals - growth opportunities
Port and Terminals - growth opportunities Additional Facility capacity Commodity Timing Matola drybulk terminal 4.7 mtpa Iron ore / Coal Medium term Richards Bay drybulk terminal * 1.0 mtpa Coal Medium term Manganese handling facility 0.6 mtpa Manganese Short term Ngqura manganese terminal PSP Manga
Slide 15: Logistics solutions - growth opportunities
Logistics solutions - growth opportunities Facility Probability Impact Timing Container - Maersk / Grindrod JV High High Short term - Terminal (PSP) High High Medium term Rail (deployment / open access) Medium High Long term East Africa footprint High High Medium term Northern Mozambique LNG Low Hig
Slide 16: Slide 16
Slide 17: Financial performance - segmental basis
Financial performance - segmental basis Headline 2022 2021 Non-core 0,82 0.82 2.26 2,26 0,38 0.38 NAV earnings Return Return operations (Rand / (Rand / on on Division share) share) equity equity 2.19 2,19 Freight and 7.04 1.35 19% 13% Group * NAV Bank 2.19 0.19 9% 7% Total core R12.31 businesses **
Slide 18: Legal net debt analysis (excluding Bank)
Legal net debt analysis (excluding Bank) Jun Dec Total debt analysis Rmillion 2022 2021 Rmillion Total debt 2 925 3 164 3 164 Less: cash (1 277) (952) 2 925 Net debt excluding Bank 1 648 2 212 540 574 % 2022 2021 1 040 Net debt to equity ratio 18 26 987 Net cash to equity ratio including Bank 11 5 1
Slide 19: PORT
PORT TERMINALS LoGISTICS BANK
Slide 20: Bank and non-core
Bank and non-core Bank The disposal of Grindrod Bank to African Bank for R1.5 billion is ongoing, with all parties focused on fulfilling the conditions precedent. Private equity portfolio Only one significant asset remaining with a carrying value R306.7 million. Land Significant loans and advances o
Slide 21: TERMINALS
TERMINALS LOGISTICS
Slide 22: Market outlook Port and Terminals
Market outlook Port and Terminals Current Short term Long term Market exposure fundamentals fundamentals Iron ore 7.3 mtpa Chrome ore / ferrochrome 9.3 mtpa Manganese 0.3 mtpa Coal 4.2 mtpa
Slide 23: Market outlook Logistics solutions
Market outlook Logistics solutions Current Short term Long term Market exposure fundamentals fundamentals Container 300 000m2 Graphite 360 000 tpa 56 locomotives Rail (owned) Agriculture N/A East Africa N/A
Slide 24: For more information contact
For more information contact PORT Fathima Ally TERMINALS LOGISTICS BANK P +27 31 302 7575 E fathima.ally@grindrod.com www.grindrod.com - GRINDROD