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Trading statement for the six-month period ending 30 June 2015
EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN: ZAE000084992
ADR code: EXXAY
(“Exxaro”)
TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDING 30 JUNE 2015
Shareholders are advised that Exxaro will release its reviewed annual financial results for
the six-month period ending 30 June 2015 on 20 August 2015.
Headline earnings for the six-month period ending 30 June 2015 are likely to be at least 20%
(R563 million) lower than the headline earnings of R2 814 million for the prior comparative
period ended 30 June 2014. The expected decrease in headline earnings is primarily
attributable to the expected decrease in income from the Sishen Iron Ore Company
Proprietary Limited equity-accounted investment as a result of the significant decrease in the
export iron ore prices during the period. As such, headline earnings per share (HEPS) are
also likely to be at least 20% (159 cents) lower than the HEPS of 793 cents for the prior
comparative period ended 30 June 2014.
The attributable loss for the six-month period ending 30 June 2015 is likely to show an
improvement of at least 20% (R488 million) when compared to the attributable loss of
R2 441 million for the prior comparative period ended 30 June 2014. The expected
improvement in the attributable loss for the six-month period ending 30 June 2015 is
primarily due to the non-recurring post-tax impairment loss of the Mayoko Iron Ore Project
amounting to R5 208 million at 30 June 2014. As such, the attributable loss per share
(ALPS) is also likely to improve by at least 20% (138 cents) compared to the ALPS of 688
cents for the prior comparative period ended 30 June 2014.
Shareholders are advised that a further trading statement will be issued in due course to
provide ranges for the expected HEPS and ALPS once reasonable certainty on these ranges
has been reached, as required by the JSE Limited Listings Requirements.
The forecast financial information on which this trading statement is based has not been
reviewed, audited nor reported on by Exxaro’s external auditors. This statement is issued in
compliance with the Listings Requirements of the JSE Limited.
Editor’s note:
Exxaro is one of the largest South African based diversified resources companies, with interests in the carbon,
titanium dioxide and ferrous commodities. www.exxaro.com
Enquiries:
Wim de Klerk
Finance Director
Tel: + 27 12 307 4848
Mobile: +27 82 652 5145
Email: wim.deklerk@exxaro.com
Pretoria
19 May 2015
Sponsor
Deutsche Securities (SA) Proprietary Limited
Date: 19/05/2015 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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