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PPC LIMITED - PPC Investor Presentation and Site Visit Presentation

Release Date: 13/03/2017 12:50
Code(s): PPC     PDF:  
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PPC Investor Presentation and Site Visit Presentation

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE 000170049
("PPC" or the "Company")

PPC INVESTOR PRESENTATION AND SITE VISIT PRESENTATION

PPC will be participating in the Merrill Lynch Investor Conference and has,
in preparation for this event, posted an investor presentation on PPC`s
website: www.ppc.co.za The company will also host an investor site visit in
Zimbabwe on 16-17 March 2017; in preparation for this event, a site visit
presentation has also been posted on the company’s website.

The Merrill Lynch investor presentation provides an operational update
which reflects what was previously communicated to shareholders through the
Stock Exchange News Service on 02 February 2017. In addition to this
operational update, the investor presentation also includes an update on
the company’s balance sheet. Particularly that, following the significant
de-gearing to September 2016, the group’s net debt has reduced further to
R4.4 billion as at December 2016 due to the conclusion of a component of
the first empowerment transaction.

The company has also provided an update on retail selling prices of cement
in key geographies. Retail selling prices in most African countries have
been declining on the back of increased cement capacity as well as lower
economic growth. Notably, the prevailing price of cement at retail stores
has declined by about 28% in the Democratic Republic of the Congo (DRC) on
the back of an influx of imports and the entry of a new producer in the
local market. Pricing in the DRC is expected to normalise once government’s
cement import ban is reinstated. The lower realisable retail selling prices
of cement imply lower factory gate prices which will put pressure on
margins in these territories.

Adverse weather has negatively affected cement and concrete sales in South
Africa during January and February 2017. In many parts of the country,
rainfall in excess of 200mm was experienced during these two months.

Any financial information presented has not been reviewed or reported on by
the Company´s auditors.



Johannesburg
13 March 2017

Sponsor:
Merrill Lynch South Africa (Pty) Limited

PPC:
Azola Lowan
Tel: +27 (0) 11 386 9000
Azola.Lowan@ppc.co.za

Financial Communications Advisor:
Instinctif Partners
Louise Fortuin
Mobile: +27 (0) 71 605 4294
louise.fortuin@instinctif.com 

Date: 13/03/2017 12:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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