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Sibanye Stillwater (SBSW) - 2023 Q2 - Quarterly Report
2023-06-30 18:12
[Report of Foreign Private Issuer (Form 6-K)](index=1&type=section&id=Form%206-K) This report details the submission of Form 6-K by Sibanye Stillwater Limited, outlining filing specifics and attached exhibits [Filing Information](index=1&type=section&id=Filing_Information) Sibanye Stillwater Limited submitted a Form 6-K to the U.S. Securities and Exchange Commission on June 30, 2023, authorized and signed by the Chief Financial Officer, Charl Keyter - Company: **Sibanye Stillwater Limited**[1](index=1&type=chunk) - Filing Date: **June 30, 2023**[1](index=1&type=chunk)[4](index=4&type=chunk) - Report Type: **Form 6-K, Report of Foreign Private Issuer**[1](index=1&type=chunk) - Authorized Signatory: **Charl Keyter, Chief Financial Officer**[4](index=4&type=chunk) [Exhibit Index](index=1&type=section&id=Exhibit_Index) The filing includes a single exhibit, 99.1, which is a market release - The report contains **Exhibit 99.1**, described as a market release[6](index=6&type=chunk)
Sibanye Stillwater (SBSW) - 2022 Q4 - Annual Report
2023-04-24 15:19
[Form 6-K Report of Foreign Private Issuer](index=1&type=section&id=Form%206-K%20Report%20of%20Foreign%20Private%20Issuer) [Filing Information](index=1&type=section&id=Filing%20Information) This Form 6-K report, filed by Sibanye Stillwater Limited on April 24, 2023, confirms its status as a foreign private issuer based in South Africa - The report was filed by **Sibanye Stillwater Limited** on **April 24, 2023**, under the Securities Exchange Act of 1934[2](index=2&type=chunk) - The registrant's principal executive office is located in **South Africa**[2](index=2&type=chunk) - The company confirms it files annual reports under **Form 20-F**[3](index=3&type=chunk) [Exhibit](index=2&type=section&id=Exhibit) This section lists Exhibit 99.1, a press release included as part of the Form 6-K filing Exhibit List | Exhibit No. | Description | |-------------|---------------| | 99.1 | Press release | [Signatures](index=3&type=section&id=Signatures) This section confirms the report's authorization and signature by Charl Keyter, Chief Financial Officer, on April 24, 2023 - The report was signed on behalf of the registrant by **Charl Keyter**, Chief Financial Officer[7](index=7&type=chunk)
Sibanye Stillwater (SBSW) - 2022 Q4 - Annual Report
2023-04-24 14:31
As filed with the Securities and Exchange Commission on 24 April 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPO ...
Sibanye Stillwater (SBSW) - 2022 Q4 - Earnings Call Presentation
2023-03-01 07:21
FORWARD LOOKING STATEMENTS NON-IFRS MEASURES The information contained in this document may contain certain non-IFRS measures, including adjusted EBITDA, AISC and AIC. These measures may not be comparable to similarly-titled measures used by other companies and are not measures of Sibanye-Stillwater's financial performance under IFRS. These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Sibanye-Stillwater is not providing a rec ...
Sibanye Stillwater (SBSW) - 2022 Q4 - Earnings Call Transcript
2023-03-01 07:15
Start Time: 08:00 January 1, 0000 9:54 AM ET Sibanye Stillwater Limited (NYSE:SBSW) Q4 2022 Earnings Conference Call February 28, 2023, 08:00 AM ET Company Participants Neal Froneman - CEO Charl Keyter - CFO Richard Stewart - Chief Regional Officer, Southern Africa Charles Carter - Chief Regional Officer, Americas Grant Stuart - Head, Recycling Mika Seitovirta - Chief Regional Officer, Europe James Wellsted - EVP, IR and Corporate Affairs Conference Call Participants Chris Nicholson - RMB Morgan Stanley Adr ...
Sibanye Stillwater (SBSW) - 2022 Q2 - Earnings Call Transcript
2022-08-25 15:21
Financial Data and Key Metrics Changes - Revenue decreased by 22% to R70 billion compared to the same period in 2021, primarily due to a three-month industrial action at South African gold operations and lower commodity prices across all operations [112] - Profit for the period was R12.3 billion, marking the third highest profit for a half year since inception, with normalized earnings at R11.2 billion, translating to earnings per share of R0.0426 [113] - The net cash position was maintained at 0.16 times net cash to adjusted EBITDA, indicating a robust financial position despite operational challenges [109] Business Line Data and Key Metrics Changes - South African PGM operations saw an 8% reduction in output compared to the previous year, with total unit costs increasing by 7%, which is in line with inflation but below mining inflation of approximately 12% [72] - The gold operations experienced significantly lower production output due to industrial action and remediation efforts, with production forecasted to improve in the second half of the year [56][57] - The recycling segment reported a 10% decline in recycled ounces compared to the first half of 2021, influenced by flooding incidents and reduced underground concentrate [101] Market Data and Key Metrics Changes - Battery electric vehicle sales in H1 2022 increased by 75% year-on-year, indicating strong demand despite supply chain issues [42] - The forecast for light-duty vehicles was revised down to about 80 million units for the year, reflecting a nearly 10% reduction from original forecasts due to semiconductor shortages and inflationary pressures [81] - Jewelry demand, particularly in China, remains under pressure due to challenging macro conditions [83] Company Strategy and Development Direction - The company has developed a three-dimensional strategy focusing on harnessing opportunities and managing complexities in the current environment, emphasizing innovation and sustainability [21][25] - The strategic differentiators include building a unique portfolio of green metals and being recognized as a force for good, which aligns with the company's commitment to carbon neutrality and decarbonization [23][24] - The company is positioning itself in regional supply chains rather than global ones to mitigate risks associated with geopolitical events and supply chain disruptions [35][36] Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges posed by the Russia-Ukraine conflict, which has accelerated inflationary pressures and impacted consumer spending power [34] - The company remains optimistic about the long-term prospects of battery metals, despite short-term challenges, and is focused on improving operational efficiencies [44][100] - Management emphasized the importance of aligning wage increases with inflation to ensure long-term sustainability and competitiveness [68] Other Important Information - The company declared an interim dividend of R1.38 per share, amounting to R3.9 billion, which is at the top end of its dividend policy [109] - The investment in the Keliber lithium project in Finland is expected to produce some of the greenest lithium in Europe, supporting the company's green metal focus [38][40] - The company is progressing with its PGM recycling facility to capture a significant part of the European recycling market [53] Q&A Session Summary Question: What are the impacts of the flood event in Montana? - The flood event impacted the Stillwater mine for seven weeks, resulting in an estimated loss of 60,000 2E ounces for the first half of 2022 [91] Question: How is the company addressing skill shortages in Montana? - The company is focusing on recruitment, retention, and training to address significant skill shortages and high turnover rates [93] Question: What is the outlook for the PGM market? - The PGM market outlook remains volatile, with supply disruptions due to geopolitical events and a forecasted slight deficit in palladium demand and a slight surplus in platinum [84][77]
Sibanye Stillwater (SBSW) - 2022 Q2 - Earnings Call Presentation
2022-08-25 12:14
Operating and financial results - H1 2022 A challenging period 25 August 2022 1 Disclaimer FORWARD LOOKING STATEMENTS 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 ...
Sibanye Stillwater (SBSW) - 2021 Q3 - Earnings Call Transcript
2022-03-03 20:12
Financial Data and Key Metrics Changes - Revenue increased by 35% from R127 billion in 2020 to R172 billion in 2021, driven by strong PGM prices [121] - EBITDA rose by 40% year-on-year to R69 billion [124] - Headline earnings for 2021 were approximately R37 billion compared to R29 billion in 2020, with headline earnings per share at 1.272 [130] Business Line Data and Key Metrics Changes - South African PGM operations produced over 940,000 ounces in the second half of the year, a 5% increase year-on-year, with a free cash flow of over R8.2 billion [92] - US PGM operations faced a decline, producing approximately 270,000 ounces, an 11% decrease compared to the previous year [100] - South African gold operations produced just over 550,000 ounces, a 4% decrease year-on-year, with unit costs increasing by 16% to R814,000 per kilogram [109][110] Market Data and Key Metrics Changes - The recycling PGM basket price increased from $2,200 per 3E ounce to about $3,500 per 3E ounce [123] - The average basket price for PGMs sold was just over R40,000 per 4E ounce, higher year-on-year [93] Company Strategy and Development Direction - The company is focused on building a green metals portfolio and achieving carbon neutrality by 2040 [23][19] - A strategic refresh was undertaken to adapt to challenges such as climate change, pandemics, and socio-economic inequalities [72][66] - The company aims to enhance its ESG credentials and build pandemic-resilient ecosystems [80][81] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by COVID-19 and its impact on safety and operations [5][6] - The company is optimistic about its ability to achieve carbon neutrality and has made significant progress in renewable energy projects [30][28] - Future production guidance for US PGM operations is between 550,000 and 580,000 ounces, while South African gold operations are forecasted to produce between 25 and 27 tons [114][117] Other Important Information - The company declared a total dividend of just under R14 billion for 2021, representing a 9.8% dividend yield [49] - The company has a robust balance sheet with a net cash position of R11.5 billion [51] Q&A Session Summary Question: What are the company's plans regarding carbon neutrality? - The company is committed to achieving carbon neutrality by 2040 and has outlined a detailed pathway to reach this goal [23][27] Question: How is the company addressing safety concerns? - Management highlighted the implementation of a comprehensive safety strategy and independent reviews to enhance safety measures [7][12] Question: What is the outlook for production in the coming year? - The company provided guidance for US PGM operations at 550,000 to 580,000 ounces and for South African gold operations at 25 to 27 tons [114][117]
Sibanye Stillwater (SBSW) - 2021 Q4 - Earnings Call Presentation
2022-03-03 14:32
H2 & year ended 31 December 2021 results and Group strategic update 3 March 2022 | --- | --- | --- | --- | |---------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | Results | | | | | and strategic update H2 & year ended | | | | | 31 December 2021 | | | | | 3 March 2022 | | | | 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 Refo ...
Sibanye Stillwater (SBSW) - 2021 Q2 - Earnings Call Transcript
2021-08-26 23:33
Sibanye Stillwater Limited (NYSE:SBSW) Q2 2021 Earnings Conference Call August 26, 2021 9:00 AM ET Company Participants Neal Froneman - CEO and Executive Director Richard Stewart - Chief Operating Officer Charl Keyter - CFO James Wellsted - SVP, IR Justin Froneman - Regional Chief Financial Officer Laurent Charbonnier - Chief Commercial and Development Officer Conference Call Participants Warren Riley - Bateleur Capital Catherine Cunningham - JPMorgan Arnold Van Graan - Nedbank Campbell Parry - Investec Wea ...