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EXX - Reviewed Interim Financial Results, Interim Dividend and Changes to the Board of Directors
Exxaro Resources Limited
Registration number: 2000/011076/06
JSE share code: EXX
ISIN: ZAE000084992
ADR code: EXXAY
Bond code: EXX05
ISIN No: ZAG000160334
(Exxaro or the Company)
REVIEWED INTERIM FINANCIAL RESULTS FOR THE SIX-MONTHS ENDED 30 JUNE 20221,
INTERIM DIVIDEND AND CHANGES TO THE BOARD OF DIRECTORS
- Revenue of R22.3 billion, up 48% from R15.1 billion
- Net operating profit of R9.2 billion, up 77% from R5.2 billion2
- Attributable earnings per share of 3 409 cents, up 4% from 3 290 cents
- Headline earnings per share of 3 426 cents, up 26% from 2 722 cents
- Interim dividend of 1 593 cents per share, down 484 cents per share from 2 077 cents per share
1 Compared to the six-month period ended 30 June 2021.
2 Continuing operations: R3 billion; Discontinued operations: R2.2 billion
Exxaro, a large South African-based diversified resources group, with interests in the coal, energy and ferrous markets
released its interim results for the six-month period ended 30 June 2022.
This short-form announcement is the responsibility of the directors and is only a summary of the information in the
full announcement and does not contain full or complete details. Any investment decision by investors or shareholders
should be based on consideration of the full announcement.
The full announcement has been released on the Stock Exchange News Service of the JSE Limited (SENS) and can be found
on the Company's website at
https://investor.exxaro.com/financialresults/interim-2022/interim-financial-results-leaflet-2022.pdf
and on the JSE Limited website at
https://senspdf.jse.co.za/documents/2022/jse/isse/EXX/Interim22.pdf
Copies of the full announcement may also be requested at the Company's and sponsors' registered offices, at no charge,
during office hours on normal business days, subject to COVID-19 office protocols.
This announcement is itself not reviewed or audited but is extracted from the underlying reviewed information.
In line with the Company's dividend policy, Exxaro has declared an interim dividend of 1 593 cents per share which was
approved by the board of directors on 16 August 2022 and is payable on 3 October 2022 to shareholders who will be on
the register on 30 September 2022. The interim dividend was declared from profits generated during the period ended
30 June 2022 and has been declared from income reserves. The interim dividend is subject to dividend withholding tax at
a rate of 20% for all shareholders who are not exempt from or do not qualify for a reduced rate of dividend withholding
tax (net local dividend amounts to 1 274.40000 cents per share).
Salient dates for the payment of the interim dividend are:
Last day to trade cum dividend on the JSE Tuesday, 27 September 2022
First trading day ex dividend on the JSE Wednesday, 28 September 2022
Record date Friday, 30 September 2022
Payment date Monday, 3 October 2022
No share certificates may be dematerialised or re-materialised between Wednesday, 28 September 2022 and
Friday, 30 September 2022, both days inclusive.
The number of ordinary shares in issue as at the date of this declaration is 349 305 092. Exxaro's company tax
reference number is 9218/098/14/4
Changes to the board of directors
In compliance with paragraph 3.59 of the JSE Limited Listings Requirements and paragraph 6.39 of the Debt Listings
Requirements, for the six-month period ended 30 June 2022.
The Company welcomed Dr Pumla Mnganga, Ms Karin Ireton, Mr Billy Mawasha and Mr Ben Magara to the board of directors
as independent non-executive directors, with effect from 7 February 2022.
The Company also welcomed Dr Nombasa Tsengwa as the CEO, effective 1 August 2022.
Mr Ras Myburgh retired as a non-executive director effective 25 May 2022 and Mr Mxolisi Mgojo retired as the CEO
and executive director on 31 July 2022. The Board of directors thanked Mr Myburgh and Mr Mgojo for their individual
contributions to Exxaro.
By order of the board
Geoffrey Qhena
Chairman
18 August 2022
Executive directors
N Tsengwa (chief executive officer)
PA Koppeschaar (finance director)
Non-executive directors
L Mbatha
VZ Mntambo
IN Malevu
MLB Msimang
Independent non-executive directors
MG Qhena (chairman)
GJ Fraser-Moleketi (lead independent director)
LI Mophatlane
V Nkonyeni
CJ Nxumalo
PCCH Snyders
P Mnganga
K Ireton
B Mawasha
B Magara
Registered office
Exxaro Resources Limited
the conneXXion
263B West Avenue
Die Hoewes, Centurion
https://protect-za.mimecast.com/s/wEWqCg5KLzCPmDQ9WH73hiG?domain=exxaro.com
Lead equity sponsor and debt sponsor
Absa Bank Limited (acting through its Corporate
and Investment Banking Division)
Joint equity sponsor
Tamela Holdings Proprietary Limited
Group company secretary
AT Ndoni
Transfer secretaries
Computershare Investor Services Proprietary Limited
Rosebank Towers, 13 Biermann Avenue, Rosebank
PO Box 61051, Marshalltown, 2107
Date: 18-08-2022 07:05:00
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.
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