Results for the six months and year ended 31 December 2020 – Short form announcement
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
(“the Company / Sibanye-Stillwater”)
Website: www.sibanyestillwater.com
Results for the six months and year ended 31 December 2020 – Short form announcement
Johannesburg, 18 February 2021: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) is
pleased to report operating and financial results for the six months ended 31 December 2020,
and reviewed condensed consolidated provisional financial statements for the year ended 31
December 2020.
SALIENT FEATURES FOR THE SIX MONTHS AND YEAR ENDED 31 DECEMBER 2020
• Profit attributable to owners of Sibanye-Stillwater increased to R29,312m (US$1,781m)
from R62m (US$5m) for 2019 • Record adjusted Free Cash Flow (FCF) of R19.9bn (US$1.2bn) – 63x increase from R318m (US$22m) for 2019 • Driven by larger diversified production base and robust recovery from COVID lockdown in SA – Proven ability to assess and respond to challenges • Deleveraging achieved – net cash of R3.1bn (US$210m) at end 2020 – Shift in strategic focus to capital allocation • Final dividend of R9.4bn (US$649m) for 2020 – 321cps (US88.8cents per ADR). Full year dividend yield of 8.7%1 • R6.8bn approved investment in high return SA PGM and gold projects securing operational sustainability and 7,000 jobs1 Based on the average share price of R42.52 for the year end 31 December 2020 US dollar SA Rand Year ended Six months ended Six months ended Year ended Dec Dec Dec Dec Dec 2019 2020 Dec 2019 Jun 2020 Dec 2020 KEY STATISTICS 2020 Jun 2020 Dec 2019 2020 2019 UNITED STATES (US) OPERATIONS PGM operations1,2 593,974 603,067 309,202 297,740 305,327 oz 2E PGM2 production kg 9,497 9,261 9,617 18,758 18,475 853,130 840,170 431,681 397,472 442,698 oz PGM recycling1 kg 13,769 12,363 13,427 26,132 26,535 1,403 1,906 1,508 1,837 1,970 US$/2Eoz Average basket price R/2Eoz 32,026 30,621 22,150 31,373 20,287 504.2 794.8 295.9 360.0 434.8 US$m Adjusted EBITDA3 Rm 7,081.2 6,002.0 4,332.5 13,083.2 7,290.9 27 29 28 26 32 % Adjusted EBITDA margin3 % 32 26 28 29 27 784 874 795 866 882 US$/2Eoz All-in sustaining cost4 R/2Eoz 14,342 14,429 11,678 14,385 11,337 SOUTHERN AFRICA (SA) OPERATIONS PGM operations2,5 1,608,332 1,576,507 980,343 657,828 918,679 oz 4E PGM2 production kg 28,574 20,461 30,492 49,035 50,025 1,383 2,227 1,475 2,002 2,396 US$/4Eoz Average […]
