Sibanye Stillwater, Results for the six months and year ended 31 December 2022 – Short form announcement.

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Algemeen advies 28/02/2023 15:29
JOHANNESBURG, 28 February 2023: Sibanye-Stillwater (JSE: SSW and NYSE: SBSW) is pleased to report operating and financial results for the six
months ended 31 December 2022, and reviewed condensed consolidated provisional financial statements for the year ended 31 December
• Significant improvement in safety performance. All indicators improved with the fatal injury frequency rate (FIFR) reducing by 75%
• Strong balance sheet maintained with net cash of R5.9 bn (US$344m) and net cash: adjusted EBITDA at 0.14x (2021:0.17x)
• Profit for the period of R19bn (US$1.2bn) compared to R33.8bn (US$2.3bn) for 2021
• Final dividend of R3.5bn (US$191m) or 122 SA cents per share (26.98 US cents per ADR), full year dividend of R7.37bn (US$421m) equivalent to a 6%* annual yield
• SA PGM operations continue to move down the industry cost curves despite load curtailment impact on production
• Inflation-linked three and five year wage agreements signed at the SA gold operations and SA PGM operations respectively, positioning operations for stability
• US PGM operations recover from one in 200 year flood and repositioned to respond to the changing macro environment
• Progress on Battery metals strategy
• 85% holding in Keliber lithium project obtained and construction of the Keliber lithium refinery commenced in Q1 2023
• US Government offered conditional commitment for a loan of up to US$700 million for the Rhyolite Ridge lithium-boron project
* Based on the closing share price of R44.72 using R2.60 per share for interim and final dividends for the year ended 31 December 2022

US dollar SA rand
Year ended Six months ended Six months ended Year ended
Dec2021 Dec 2022 Dec 2021 Jun 2022 Dec 2022 KEY STATISTICS Dec 2022 Jun 2022 Dec 2021 Dec 2022 Dec 2021 GROUP
2,234 1,126 527 782 344 US$m Basic earnings Rm 6,380 12,016 8,218 18,396 33,0542,493 1,126 787 775 350 US$m Headline earnings Rm 6,484 11,938 12,045 18,422 36,878
4,639 2,510 1,852 1,465 1,045 US$m Adjusted EBITDA1
Rm 18,550 22,561 28,057 41,111 68,606
14.79 16.37 15.03 15.40 17.33 R/US$
Average exchange rate using
daily closing rate AMERICAS REGION
see &

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