Anglo American Platinum will release results for the twelve months ended 31 December 2021 (“the period”) on the Johannesburg Stock Exchange News Service on 21 February 2022.

In accordance with section 3.4(b) of the JSE Limited Listings Requirements, shareholders are advised that headline earnings and headline earnings per share (“HEPS”) for the period are likely to increase by between 146% and 166% compared to the twelve months ended 31 December 2020 (the “prior period”). Headline earnings are likely to be between R74.8 billion and R80.8 billion (R30.3 billion in 2020) and HEPS will increase to between 28,435 cents and 30,716 cents per share (11,554 cents in 2020).

Basic earnings and earnings per share (“EPS”) for the period are likely to increase by between 146% and 166% compared to the prior period. Basic earnings are likely to be between R 74.7 billion and R80.7 billion (R30.3 billion in 2020) and EPS is expected to be between 28,397 cents and 30,678 cents per share (11,553 cents in 2020).

The expected increase in headline earnings and basic earnings is primarily driven by a 22% increase in the rand basket price and an 82% increase in PGM sales volumes as a strong performance from the processing assets enabled the majority of the build-up work-in-progress inventory to be refined and sold in 2021, following the temporary closure of the ACP unit in 2020. This was partially offset by an increase in purchase-of-concentrate (POC) costs, an increase in taxation and royalties (which flow from higher prices and sales volumes), as well as higher mining and processing costs due to higher input inflation and increased production.

Anglo American Platinum CEO Natascha Viljoen and finance director Craig Miller will host a virtual and in-person investor and media presentation following the release of its results on Monday, 21 February 2022. The presentation is scheduled for 11:00 SAST and registration details will be finalised and shared shortly.