Slide 1: Grindrod Limited Unaudited Interim Results and Dividend Announcement
PORT TERMINAL S LOGISTICS GRINDROD LIMITED UNAUDITED INTERIM RESULTS AND DIVIDEND ANNOUNCEMENT for the six months ended 30 June 2024 www.grindrod.com
Slide 2: Key Features
KEY FEATURES for the six months ended 30 June 2024 OPERATIONAL FINANCIAL CAPITAL ALLOCATION SUSTAINABILITY Port Core Cash generated Fatality volumes EBITDA * from operations 1 fatality reported 18% R1.0 billion 13% Regrettably, Mr ZV Mathenjwa tragically passed away following an accident at the mult
Slide 3: Market Overview and Condensed Consolidated Income Statement
MARKET OVERVIEW CONDENSED CONSOLIDATED INCOME STATEMENT for the six months ended 30 June 2024 Unaudited Unaudited Audited COMMODIT Y PRICE A ND CONTA INER R ATE S 30 June 30 June 31 December Commodity prices sourced from Afriforesight and container rates MB shipbrokers 2024 2023 2023 2024 versus 202
Slide 4: Headline Earnings Reconciliation
HEADLINE EARNINGS RECONCILIATION for the six months ended 30 June 2024 Unaudited Unaudited Audited 30 June 30 June 31 December 2024 2023 2023 R’000 R’000 R’000 Reconciliation of headline earnings Profit attributable to ordinary shareholders 485 930 444 135 987 776 Adjusted for: (4 541) 43 210 24 649
Slide 5: Condensed Consolidated Statement of Other Comprehensive Income
CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME for the six months ended 30 June 2024 Unaudited Unaudited Audited 30 June 30 June 31 December 2024 2023 2023 R’000 R’000 R’000 Profit for the period 526 391 476 814 1 059 753 Other comprehensive income/(loss): Items that may be reclassif
Slide 6: Condensed Consolidated Statement of Financial Position
CONDENSED CONSOLIDATED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION continued STATEMENT OF FINANCIAL POSITION for the six months ended 30 June 2024 for the six months ended 30 June 2024 Unaudited Unaudited Audited Unaudited Unaudited Audited 30 June 30 June 31 December 30 June 30 June 31 D
Slide 7: Condensed Consolidated Statement of Cash Flows and Changes in Equity
CONDENSED CONSOLIDATED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS STATEMENT OF CHANGES IN EQUITY for the six months ended 30 June 2024 for the six months ended 30 June 2024 Unaudited Unaudited Audited Unaudited Unaudited Audited 30 June 30 June 31 December 30 June 30 June 31 December 2024 2023 2
Slide 8: Segmental Information
SEGMENTAL INFORMATION SEGMENTAL INFORMATION continued for the six months ended 30 June 2024 for the six months ended 30 June 2024 Unaudited Unaudited Audited Unaudited Unaudited Audited 30 June 30 June 31 December 30 June 30 June 31 December 2024 2023 2023 2024 2023 2023 R’000 R’000 R’000 R’000 R’00
Slide 9: Notes to the Financial Statements
NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS continued for the six months ended 30 June 2024 for the six months ended 30 June 2024 1. FOREIGN CURRENCY DENOMINATED ITEMS 3. RECONCILIATION OF REVENUE TO TRADING PROFIT BEFORE EXPECTED CREDIT The statement of financial position is
Slide 10: Notes to the Financial Statements continued: Long-term Receivable
NOTES TO THE FINANCIAL STATEMENTS continued NOTES TO THE FINANCIAL STATEMENTS continued for the six months ended 30 June 2024 for the six months ended 30 June 2024 4. LONG-TERM RECEIVABLE 5. FINANCIAL INSTRUMENTS DISCLOSURE continued The long-term receivable relates to the deferred interest-bearing
Slide 11: Notes to the Financial Statements continued: Financial Instruments
NOTES TO THE FINANCIAL STATEMENTS continued NOTES TO THE FINANCIAL STATEMENTS continued for the six months ended 30 June 2024 for the six months ended 30 June 2024 5. FINANCIAL INSTRUMENTS DISCLOSURE continued 5. FINANCIAL INSTRUMENTS DISCLOSURE continued Valuation inputs and relationships to fair v
Slide 12: Notes: Related Party Transactions and Contingent Liabilities
NOTES TO THE FINANCIAL STATEMENTS continued NOTES TO THE FINANCIAL STATEMENTS continued for the six months ended 30 June 2024 for the six months ended 30 June 2024 6. RELATED PARTY TRANSACTIONS 7. CONTINGENT LIABILITIES The Group, in the ordinary course of business, enters into various transactions
Slide 13: Notes: Cash Flow and Borrowings, Statement of Financial Position
NOTES TO THE FINANCIAL STATEMENTS continued for the six months ended 30 June 2024 9. CASH FLOW AND BORROWINGS The financial position reflects net debt of R501.8 million (December 2023: R100.6 million). The Group generated operating profit before working capital cash flows of R566.0 million (June 202
Slide 14: Declaration of Dividend and Corporate Information
DECLARATION OF DIVIDEND CORPORATE INFORMATION ORDIN A RY DI V IDEND DIRECTORS Notice is hereby given that a gross interim ordinary dividend of 23.0 cents per share (2023 H1: 34.4 cents per share) Non-executive directors: has been declared out of income reserves for the six months ended 30 June 2024.