Results for the six months and year ended 31 December 2021
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
(“Sibanye-Stillwater” or “Company” or “the Group”)
Website: www.sibanyestillwater.com
Results for the six months and year ended 31 December 2021 – Short form announcement
JOHANNESBURG, 3 March 2022: Sibanye-Stillwater (JSE: SSW and NYSE: SBSW) is pleased to report operating and financial
results for the six months ended 31 December 2021, and reviewed condensed consolidated provisional financial statements for
the year ended 31 December 2021.
SALIENT FEATURES FOR THE SIX MONTHS AND YEAR ENDED 31 DECEMBER 2021
Record financial results:• Profit attributable to owners of Sibanye-Stillwater increased by 13% to R33.1 bn (US$2.2 bn) from R29.3 bn (US$1.8 bn) for 2020 – Headline earnings for the year increased by 27% to R36.9 bn (US$2.5 bn) from R29.1 bn (US$1,8 bn) for 2020 – Solid operational performance with all operating segments achieving annual production guidance • SA PGMs achieved lower AISC of R16,982/4Eoz (US$1,148/4Eoz), against industry trends. Consolidation synergy cost benefits continue • 19% increase in net cashflow from operating activities to R32.3 bn (US$2.2 bn) and an 88% increase in adjusted Free Cash Flow to R37.4 bn (US$2.5 bn) • Strong balance sheet: net cash increased further to R11.5 bn (US$719 m) on 31 December 2021 • Final dividend of R5,3 bn (US$342 m) or 187cps (US48.68 cents per ADR). Full year dividend yield of 9.8%* • Significant progress made on green metals strategy. Strategic positions secured in key jurisdictions • Commenced with project capital expenditure on K4, Burnstone and Klipfontein projects for future operational sustainability • BioniCCubE – new innovation and market development fund (R&D fund) approved* Based on the closing share price of R49.10 for the year end 31 December 2021 KEY OPERATING RESULTS US dollar SA rand Year ended Six months ended Six months ended Year ended Dec 2020 Dec 2021 Dec 2020 Jun 2021 Dec 2021 KEY STATISTICS Dec 2021 Jun 2021 Dec 2020 Dec 2021 Dec 2020 UNITED STATES (US) OPERATIONS PGM underground operations1,2 603,067 570,400 305,327 298,301 272,099 oz 2E PGM production2 kg 8,463 9,278 9,497 17,741 18,758 1,906 2,097 1,970 2,286 1,913 US$/2Eoz Average basket price R/2Eoz 28,755 33,261 32,026 31,021 31,373 741 727 409 437 290 US$m Adjusted EBITDA3 Rm 4,408 6,358 6,661 10,766 12,205 61 59 63 65 51 % Adjusted […]