Financial Data and Key Metrics Changes - Revenue increased by 75% year-on-year to ZAR 127 billion, with adjusted EBITDA up 230% to ZAR 49.4 billion, translating to approximately $3 billion [85][86] - Earnings per share surged by 536 times, resulting in a final dividend of 321 cents per share, bringing the full-year dividend to 371 cents per share, yielding just under 9% [87][88] - Free cash flow reached a record ZAR 19.9 billion, approximately $1.2 billion, with a net cash position of ZAR 3 billion at the end of 2020 [56][88] Business Line Data and Key Metrics Changes - South African PGM operations contributed 60% of adjusted EBITDA, with revenue per 4E ounce up 83% to ZAR 36,700 [85][57] - U.S. PGM operations accounted for 21% of adjusted EBITDA, with revenue per 2E ounce increasing by 53% to $1,900 [85][64] - South African gold operations contributed 19% of earnings, with revenue per kilogram up 43% to ZAR 925,000 [85][70] Market Data and Key Metrics Changes - The South African PGM mineral reserve base increased by 40%, while the U.S. PGM mineral reserve base saw a 7% increase [50] - The average basket price for South African PGM operations rose significantly, contributing to the overall revenue growth [85][57] - The gold market is expected to remain robust due to low interest rates and recovering consumer demand, particularly from emerging markets [81][82] Company Strategy and Development Direction - The company is focusing on embedding ESG excellence in its operations and has committed to achieving carbon neutrality by 2040 [27][30] - Significant capital investments of ZAR 6.8 billion were approved for new growth projects, indicating a strong commitment to future expansion [13] - The company aims to maintain a leading position in dividend payments while balancing capital allocation towards growth projects and debt management [96][97] Management's Comments on Operating Environment and Future Outlook - Management highlighted the fragility of the South African economy and the need for policy changes to encourage investment and economic recovery [101] - The ongoing COVID-19 pandemic has created unique opportunities for operational efficiency improvements [9][10] - The company is optimistic about the future of platinum and palladium markets, anticipating increased demand driven by environmental standards [75][78] Other Important Information - The company has made substantial contributions to the national interest, with sales, royalties, and taxes amounting to ZAR 7.1 billion in 2020, a 213% increase from 2019 [15] - The company is actively involved in community support initiatives, including a commitment of ZAR 200 million towards vaccine distribution [12][13] - The company has implemented a new leadership structure aimed at enhancing performance and ensuring readiness for future growth [39][42] Q&A Session Summary Question: What are the company's plans for capital allocation? - The company plans to allocate ZAR 31 billion of available cash, with ZAR 11 billion for dividends and ZAR 2.6 billion for growth projects, while retaining the balance for working capital and debt repayment [90][91] Question: How does the company view the future of the platinum market? - Management expressed optimism about the platinum market, predicting a price increase to $2,000 per ounce in the near future due to increased demand from automotive applications [75][76] Question: What measures are being taken to ensure safety in operations? - The company is committed to achieving international safety standards and has implemented a robust safety strategy to reduce risks and improve safety performance [45][48]

Results for the six months ended 30 June 2020 H1 2020 Neal Froneman 27 August 2020 Disclaimer The information in this announcement may contain forward-looking statements within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, among others, those relating to Sibanye Stillwater Limited's ("Sibanye-Stillwater" or the "Group") financial positions, business strategies, plans and objectives of managemen ...

Sibanye Stillwater Limited (NYSE:SBSW) Q2 2020 Earnings Conference Call August 27, 2020 9:00 AM ET Company Participants Neal Froneman - CEO Charl Keyter - CFO Chris Bateman - Executive Vice President: US PGM operations Richard Stewart - Executive Vice President: Business Development Conference Call Participants Arnold Van Graan - Nedbank Laurence Heller - JPM Dominic O'Kane - JPMorgan Chris Nicholson - RMB Morgan Stanley Adrian Hammond - SPG Securities Leroy Mnguni - HSBC Alexandre Ayoub - Waha Capital Wade ...

Financial Data and Key Metrics Changes - Revenue for the period increased by 44%, driven by a 69% increase in US PGM operations, which amounted to ZAR11 billion, due to a 37% higher average 2E basket price and a 9% weaker exchange rate [40] - Adjusted EBITDA reached just under ZAR15 billion, representing a 75% increase, with Marikana contributing ZAR2.5 billion for the seven months it was part of the business [44] - Profit for the period was ZAR433 million compared to a loss of ZAR2.5 billion in 2018, indicating a significant turnaround in financial performance [48] Business Line Data and Key Metrics Changes - The South African PGM operations saw an 82% increase in revenue, contributing just under ZAR12.5 billion, with Marikana operations contributing ZAR11 billion in just seven months [41] - South African gold operations, including DRD, decreased by 5%, impacted by a 33% reduction in ounces produced due to industrial action [42] - The adjusted EBITDA margin for US operations reached nearly 60%, showcasing strong profitability from high-grade operations [25] Market Data and Key Metrics Changes - The average US dollar basket price for 2019 was just under $1,400 per ounce, which increased to about $2,300 per ounce today, reflecting significant market price improvements [42] - The South African basket price for PGMs on a 4E basis averaged ZAR21,700 in 2019, now at approximately ZAR36,000 per 4E ounce, indicating a substantial rise in commodity prices [42] - The company noted that palladium and rhodium are in deficits for the foreseeable future, which is expected to support higher prices [10][20] Company Strategy and Development Direction - The company aims to strengthen its position as a leading international precious metals mining company by building a values-based culture and enhancing safety performance [55] - The strategic focus includes significant investment in environmental, social, and governance (ESG) initiatives, with a commitment to improving environmental positioning [11] - The company is targeting gross debt reduction from approximately $1.8 billion to $1 billion, indicating a focus on deleveraging and financial stability [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in operational performance for 2020, anticipating a potential doubling of adjusted EBITDA based on current commodity prices [8] - The company highlighted the successful integration of Lonmin and the establishment of a credible relationship with unions, which is expected to benefit future operations [7] - Management noted that the market for palladium and rhodium remains tight, with no immediate changes expected in supply dynamics, which could lead to sustained high prices [20][22] Other Important Information - The company completed the acquisition of a strategic stake in DRDGOLD, which is expected to enhance its environmental and ESG initiatives [32] - Significant synergies from the Lonmin acquisition are projected to reach ZAR1.2 billion by the end of 2020, exceeding initial estimates [30] - The company has established a large reserve base of 63 million ounces of gold and PGM reserves, with a significant portion located in the US [16] Q&A Session Summary Question: What are the expectations for future commodity prices? - Management indicated that palladium and rhodium are expected to remain in deficit, supporting higher prices in the near term [10][20] Question: How is the integration of recent acquisitions progressing? - The integration of Lonmin is on track, with management reporting no industrial action during the restructuring process, which is crucial for sustainability [28] Question: What is the company's approach to dividends moving forward? - The company plans to resume dividend payments in the first half of 2020, with a commitment to pay at least 25% to 35% of normalized earnings [49]

+258%¹ ZAR35.9 Au Rh Pt Pd ZAR10.0 A new chapter H2 and full year 2019 Operating and financial results for the six months and year ended 31 December 2019 19 February 2020 1. Share price appreciation from 31 Dec 2018 to 31 Dec 2019 Disclaimer The information in this presentation may contain forward-looking statements within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, among others, those relati ...

Sibanye Gold Limited (SBGL) Q2 2019 Results Earnings Conference Call August 29, 2019 10:00 AM ET Company Participants Neal Froneman - Chief Executive Officer Dr. Vincent Maphai - Chairman Rick Menell - Chairman Charl Keyter - Chief Financial Officer Chris Bateman - Executive Vice President, U.S. Region Robert Van Niekerk - Executive Vice President, Head, SA Region Shadwick Bessit - Executive Vice President, SA Gold Operations Richard Stewart - Executive Vice President, Business Development Dawid Mostert - E ...

H1 2019 operating & financial results for the six months ended 30 June 2019 29 August 2019 Disclaimer The information in this presentation may contain forward-looking statements within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, among others, those relating to Sibanye Gold Limited's (trading as Sibanye-Stillwater) ("Sibanye-Stillwater" or the "Group") financial positions, business strategies, ...