To view the PDF file, sign up for a MySharenet subscription.

PPC LIMITED - PPC Investor Presentation

Release Date: 26/09/2017 08:00
Code(s): PPC     PDF:  
Wrap Text
PPC Investor Presentation

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
ISIN: ZAE000170049
JSE and ZSE Code: PPC
("PPC" or the "Company")

PPC INVESTOR PRESENTATION

PPC will be participating in the RMB Morgan Stanley Big Five Investor
Conference in Cape Town on Tuesday 26 September 2017 and Wednesday 27
September 2017, and has, in preparation for this event, posted an investor
presentation on PPC´s website: www.ppc.co.za. This investor presentation
provides an operational update of PPC´s performance during the first five
months of the financial year as well an update on the group’s debt position
for the same period.

Effective selling prices rose by 2.0% in the SA cement business, whilst
volumes are marginally down compared with the same period last year. In the
Rest of Africa businesses, Zimbabwe and Rwanda continue to deliver high
double digit volume growth. Utilisation in Zimbabwe has risen to between 50
and 60%, whilst Rwanda has increased to between 60 and 70%. DRC continues
with its steady ramp-up, with Ethiopia having received orders of more than
150,000 tons since commissioning, of which 65% has been delivered.

The group’s net debt position has improved further at the end of August 2017
compared with June 2017. Negotiations have commenced with lenders regarding
the restructuring of outstanding debt in the DRC, as well as negotiations
regarding the deferment of EPC contract retention fees amounting to US$24m
previously disclosed to shareholders. The latter could either be deferred
for 18 – 24 months, or be converted into equity in the DRC business subject
to due diligence.

Any financial information on which the presentation is based has not been
reviewed or reported on by the Company´s auditors.

Sandton
26 September 2017

Investor contacts:
PPC:
Anashrin Pillay
Tel: +27 (0) 11 386 9000
Anashrin.Pillay@ppc.co.za

Siobhan McCarthy
Group Manager Corporate Affairs
Tel: +27 (0) 11 386 9000
Sponsor to PPC:
Merrill Lynch South Africa (Pty) Ltd

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

Date: 26/09/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story