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IMPALA PLATINUM HOLDINGS LIMITED - Trading Statement for the Year Ended 30 June 2015

Release Date: 24/08/2015 17:30
Code(s): IMP     PDF:  
Wrap Text
Trading Statement for the Year Ended 30 June 2015

IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ADR code: IMPUY
ISIN: ZAE000083648
ISIN: ZAE000175873

(“Implats” or “the Group”)

TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2015

Shareholders are advised that Implats’ headline earnings per share (HEPS) for the year ended 30 June 2015
are expected to be between 33 cents and 47 cents which is between 45% and 62% lower than that of the
year ended 30 June 2014 (HEPS of 86 cents).

The decrease in HEPS is primarily due to two main factors. Firstly, the ramp-up of the Rustenburg
operations, at full cost, following the five-month strike which ended in June 2014. Production in the prior
financial year was impacted by the strike, and the earnings impact was mitigated through cost curtailment
measures. Secondly, the partial collapse at Zimplats’ Bimha mine which impacted production and
productivity levels.

After the scrapping of property, plant and equipment as a result of the partial collapse of the Bimha
operation at Zimplats and the impairment of exploration, evaluation and mining assets elsewhere in the
Group, the basic loss per share is expected to be between 598 cents and 607 cents which is considerably
lower than the previous comparable period (basic earnings of 41 cents per share).

The financial information on which this trading statement is based has not been reviewed and reported on
by the external auditors of Implats. The Group’s audited financial results for the year ended 30 June 2015
will be released on 3 September 2015.

Queries:
Johan Theron
E-mail: johan.theron@implats.co.za
T: +27 (0) 11 731 9013/43
M: +27 (0) 82 809 0166

Alice Lourens
E-mail: alice.lourens@implats.co.za
T: +27 (0) 11 731 9033/43
M: +27 (0) 82 498 3608

24 August 2015
Johannesburg

Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited

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