RESULTS FOR THE YEAR ENDED
31 MARCH 2023
AGENDA
01
02
03
04
05
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
2
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 | 5 |
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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.