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EXXARO RESOURCES LIMITED - EXX - Trading Statement for the six-month period ended 30 June 2016

Release Date: 05/08/2016 12:00
Code(s): EXX     PDF:  
Wrap Text
EXX - Trading Statement for the six-month period ended 30 June 2016

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” or “the Company”)

TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2016

Shareholders are advised that Exxaro and its directors have reasonable certainty relating to the expected
financial results of Exxaro for the six-month period ended 30 June 2016.

Consolidated net operating profit is expected to increase by between R175 million (10% increase) and
R359 million (20% increase) mainly due to higher coal sales volumes albeit at lower average realised
prices.

Attributable earnings are expected to be between R14 million (1% increase) and R123 million
(11% increase) higher than the comparative period primarily due to the higher net operating profit
contribution from the coal business, partially offset by lower equity-accounted earnings from investments.
Attributable earnings per share (AEPS) are therefore expected to be between 333 cents per share
(1% increase) and 363 cents per share (10% increase).

Headline earnings per share (HEPS) are expected to be between 284 cents per share (6% decrease) and
310 cents per share (2% increase).

Shareholders are advised that Exxaro will release its reviewed financial results for the six-month period
ended 30 June 2016 on 18 August 2016.

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
JSE Limited Listings Requirements.

Editor’s note:
Exxaro is one of the largest South African based diversified resources companies, with interests in the
coal, titanium dioxide, chemicals, iron ore and energy commodities. www.exxaro.com

Enquiries:
Mzila Mthenjane, Executive head: strategy & stakeholder engagement
Tel: + 27 12 307 7393
Mobile: +27 83 417 6375
Email: Mzila.mthenjane@exxaro.com

Pretoria
5 August 2016

Sponsor
Absa Bank Limited (acting through its corporate and investment banking division).

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