RESULTS FOR THE YEAR ENDED

31 MARCH 2023

AGENDA

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Introduction

Roland van Wijnen | CEO

Group financial review

Brenda Berlin | CFO

Operational review

South Africa & Botswana | Njombo Lekula Zimbabwe | Mokate Ramafoko Rwanda (CIMERWA) | Roland van Wijnen

Summary outlook and closing

Roland van Wijnen | CEO

Q & A

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INTRODUCTION 01

Roland van Wijnen | CEO

introduction

Managed and funded across key pillars

SA OBLIGOR GROUP

INTERNATIONAL BUSINESS

SA & BOTSWANA

CEMENT

  • Comprises inland, coastal and Botswana business units
  • Demand impacted by unfavourable macro factors
  • Decarbonisation offers opportunities to innovate and reduce costs

MATERIALS

  • Comprises readymix concrete, ash and aggregates business units
  • Largely integral to SA operations a channel for cement business through readymix
  • Greater sensitivity to rain/weather and loadshedding and infrastructure spend

ZIMBABWE

  • PPC shareholding of 70% but enjoy 93% of the economics/dividends
  • Own board and management team
  • Management and technical support from South Africa
  • Dividends continue to be declared and paid bi-annually without challenges

Rwanda

(Cimerwa)

  • PPC shareholding of 51%
  • Own board and management team
  • Management and technical support from South Africa
  • Listed in Rwanda
  • First dividend declared Nov 2022 following strong cashflow generation and full utilization of assessed tax losses

GROUP SERVICES/PPC LTD

DIVIDENDS

R E S U L T S F O R T H E 1 2 M O N T H S E N D E D 3 1 M a r c h 2 0 2 3 4

INTRODUCTION

LANDSCAPE IS DIFFERENTIATED ACROSS THE MARKETS

South Africa

  • Coastal demand continued to outperform larger inland market
  • Lack of government infrastructure spending
  • Weak macro-environment affecting retail and industrial spending

International

  • Rwanda and eastern DRC demand remains strong albeit with increased regional competition
  • Zimbabwean demand remains strong

Across the portfolio

  • Input cost pressures continue
  • Energy reliability and stability risks
  • Cement imports remain a structural challenge
  • Decarbonisation opportunities

R E S U L T S F O R T H E 1 2 M O N T H S E N D E D 3 1 M a r c h 2 0 2 3

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PPC Ltd. published this content on 26 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 June 2023 06:13:09 UTC.