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PPC LIMITED - PPC Investor Week Monday 24th September to the Thursday 27th September 2018

Release Date: 21/09/2018 14:00
Code(s): PPC PPC002 PPC003 PPC005     PDF:  
Wrap Text
PPC Investor Week Monday 24th September to the Thursday 27th September 2018

PPC Ltd
Operating update
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
ISIN: ZAE000170049
JSE & ZSE Share Code: PPC
JSE code: PPC002   JSE ISIN: ZAG000111212
JSE code: PPC003   JSE ISIN: ZAG000117524
JSE code: PPC005   JSE ISIN: ZAG000117532
("PPC" or the "Company")


PPC INVESTOR WEEK MONDAY 24TH SEPTEMBER TO THE THURSDAY 27TH SEPTEMBER 2018

PPC management will be hosting investor site visits at its De Hoek plant on
Monday 24th September 2018 and at its Slurry Complex on Thursday 27th September
2018. PPC management will also be participating in the RMB Morgan Stanley Big
Five Investor Conference in Cape Town on Tuesday 25 September 2017 and
Wednesday 26 September 2017, and has, in preparation for these events, posted
an investor presentations on PPC’s website:

https://www.ppc.co.za/investors/presentations/financials.aspx.

The investor presentation provides a brief operational update of PPC´s
performance during the first five months of the financial year.

Johan Claassen, CEO said: ”We are proud to be showcasing our company to
investors, and the strides made towards achieving our FOH-FOUR strategic
priorities. We have been able to maintain our market leading position in South
Africa despite muted growth exacerbated by an increase in VAT impacting
consumer spending and a deterioration in the domestic construction industry.
The Rest of Africa portfolio continues to grow, in particular Zimbabwe where
robust growth rates have been maintained.”

Brief operational update – 5 months to August 2018

Effective selling prices in the Southern African (includes Botswana) cement
business have risen by 3.0%. Sales volumes for the Southern Africa cement
business have reduced by 3.0% - 4.0%. The reduction in sales volumes is
attributable to the domestic construction industry being under severe pressure
and muted growth across the operating portfolio, which has caused the South
African cement industry volumes to decrease by an estimated 5.0% - 6.0% for the
same period. PPC launched its new range of products called the “sure range” in
August 2018. The fit for purpose cement product suite has been well received by
the market, and has had a positive impact on volumes.

In the Rest of Africa businesses, Zimbabwe has maintained its robust growth
trajectory, with volume growth in excess of 35%. In Rwanda, market demand
remains strong, with PPC tracking slightly lower than last year due to a
planned maintenance shutdown earlier in the financial year to debottleneck and
increase production output. DRC continues with its steady ramp-up, where we
have delivered more than 130,000 tonnes. The DRC has produced positive EBITDA
for the five months to August 2018. In Ethiopia, Habesha has delivered more
than 300,000 tonnes for the period.

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

Sandton

21 September 2018

Sponsor:
Merrill Lynch South Africa (Pty) Ltd
PPC:
Anashrin Pillay
Head Investor Relations
Tel: +27 (0) 11 386 9000

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

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