Unaudited results for the six months ended 30 June 2021
MONTAUK RENEWABLES, INC.
Incorporated in the United States of America
Company number: 85-3189583
NASDAQ share code: MNTK
JSE share code: MKR
("Montauk Renewables" or the "Company")
UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 June 2021
Dollar amounts presented herein are in United States Dollars.
Six months Six months
30 June 30 June Percentage
2021 2020 change
Revenue ($'000) 63 121 46 312 36%
EBITDA ($'000) (1 388) 11 396 (112%)
Headline (loss)/profit ($'000) (18 483)
(Loss)/earnings per share ($) (0.13)
Headline (loss)/earnings per common share ($) (0.13)
Net asset value per common share ($) 1.15
DECLARATION OF CASH DIVIDEND
The directors have not declared an interim dividend to focus financial resources on the
continued development of the Company's operations portfolio.
USE OF NON-GAAP MEASURES
This report was prepared for the purpose of complying with the reporting requirements of the
Johanesburg Stock Exchange and includes certain non-GAAP measures, such as headline earnings and
headline earnings per common share, and related reconciliations.
Reconciliation of headline earnings
Net (loss)/profit attributable to common
shareholders (18 917)
Loss on disposal of plant and equipment 22 17
Impairment of plant and equipment 626 480
Impairment of intangible assets - -
Third party compensation received in respect of
impairment of plant and equipment (82) (63)
Headline earnings (18 483)
Basic earnings per common share (US cents)
Headline earnings (0.13)
Weighted average common shares outstanding ('000)(1) 141 015
Diluted earnings per common share (US cents)
Headline earnings (0.13)
Weighted average common shares outstanding
for diluted earnings ('000) (1) 141 015
(1) The common stock outstanding as of June 30, 2021 is as reported in the quarterly report on Form 10-Q
for the period ending June 30, 2021, filed with the Securities and Exchange Commission
on August 16, 2021.
This short-form announcement is the responsibility of the Company's Board of Directors and is
a summary of the information in the detailed financial results announcement.
The financial information is only a summary and does not contain full details of the financial
results. Any investment decisions by investors and/or stockholders should be based on information
contained in the full announcement, accessible from 16 August 2021, via the JSE link
https://senspdf.jse.co.za/documents/2021/jse/isse/MKRE/MKRQ2.pdf or on the SEC's website at
The full announcement is also available at the Company's registered office, the offices of the
sponsor and may be requested at firstname.lastname@example.org or MNTK@GatewayIR.com free of charge to investors and/or
shareholders, during office hours (09:00 - 17:00) from Mondays to Fridays.
17 August 2021
Directors: JA Copelyn (Chairman)*###, SF McClain (Chief Executive Officer)#,
MH Ahmed*, TG Govender*###, MA Jacobson*##, BS Raynor*#, Y Shaik*###
*Non-executive; #United States of America; ##Australia; ### Republic of South Africa
Company secretary: J Ciroli
Registered office: 680 Andersen Drive, 5th Floor, Pittsburgh, PA 15220
Investec Bank Limited
Date: 17-08-2021 04:22:00
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