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Updated Trading Statement for the twelve months ended 31 December 2018
ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“the Company" or "Anglo American Platinum")
UPDATED TRADING STATEMENT FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2018
Anglo American Platinum will release results for the twelve months ended 31 December 2018 (“the period”)
on the Stock Exchange News Service (“SENS”) on 18 February 2019.
Shareholders are referred to the Company’s trading statement released on SENS on 13 December 2018
in which the Company advised that headline earnings and headline earnings per share (“HEPS”) for the
period were expected to be at least 20% (R777 million or 297 cents per share, respectively) higher than
for the comparative reporting period for the twelve months ended 31 December 2017 (“comparative
period”) and that basic earnings and basic earnings per share (“EPS”) for the period were also expected
to be at least 20% (R302 million or 149 cents per share, respectively) higher than for the comparative
period.
Shareholders are now advised that headline earnings and HEPS for the period are likely to increase to
between R7.125 billion and R7.895 billion (or between 83% and 103% higher than the prior year figure of
R3.886 billion) and to between 2,715 cents and 3,010 cents per share (or between 83% and 103% higher
than the prior year figure of 1,482 cents) respectively.
Basic earnings and EPS for the period are likely to increase to between R6.585 billion and R6.970 billion
(or between 239% and 259% higher than the prior year figure of R1.944 billion) and to between
2,510 cents and 2,655 cents per share (or between 239% and 258% higher than the prior year figure of
741 cents) respectively.
The expected increase in headline earnings and basic earnings is primarily driven by a 13% increase in
the rand basket price and improved operational performance.
Basic earnings for the period will include post-tax attributable net losses of R1.5 billion, including the
impairment of the company’s associate investment in BRPM, and the loss on disposal of Union mine and
MASA Chrome. Headline earnings in the period will include a post-tax attributable net gain of R0.5 billion,
which includes the remeasurement of deferred consideration relating to the Rustenburg disposal. Basic
earnings for the comparative period included attributable impairments after tax of R3.9 billion of which
R0.8 billion impacted both basic earnings and headline earnings.
The financial information on which this trading statement is based has not been reviewed, or reported on,
by the Company’s external auditors.
Johannesburg
5 February 2019
Sponsor:
Merrill Lynch South Africa Proprietary Limited
For further information, please contact:
Investors:
Emma Chapman
Head of Investor Relations
Tel: +27 (0)11 373 6239
emma.chapman@angloamerican.com
Media:
Mpumi Sithole
Tel: +27 (0)11 373 6246
mpumi.sithole@angloamerican.com
Notes to editors:
Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world’s leading
primary producer of platinum group metals. The company is listed on the Johannesburg Securities
Exchange (JSE). Its mining, smelting and refining operations are based in South Africa. Elsewhere in the
world, the Group owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum has a number of joint
ventures with several historically disadvantaged South African consortia as part of its commitment to the
transformation of the mining industry. Anglo American Platinum is committed to the highest standards of
safety and continues to make a meaningful and sustainable difference in the development of the
communities around its operations.
www.angloamericanplatinum.com
Anglo American is a global diversified mining business and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class competitive mining operations and
undeveloped resources provides the metals and minerals to meet the growing consumer-driven demands
of the world's developed and maturing economies. With our people at the heart of our business, we use
innovative practices and the latest technologies to discover new resources and mine, process, move and
market our products to our customers around the world.
As a responsible miner - of diamonds (through De Beers), copper, platinum and other precious metals,
iron ore, coal and nickel - we are the custodians of what are precious natural resources. We work together
with our key partners and stakeholders to unlock the sustainable value that those resources represent for
our shareholders, the communities and countries in which we operate and for society at large. Anglo
American is re-imagining mining to improve people's lives.
www.angloamerican.com
Date: 05/02/2019 08:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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