Broker research, FactSet, Bloomberg Note: Dividend yield calculated using actual dividend paid and average share price for the period, since public listing Cumulative R3. Neither Sibanye nor Stillwater undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. Market data as of 30 January Note: Factset and company filings. Total Combined Cash Costs is a measure of extraction efficiency.
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Broker research, FactSet, Bloomberg Note: These forward-looking statements speak only as matey the date of this presentation. Project mvcp02 is based on pre-feasibility and feasibility studies as at December Based on Reserves declared as at 31 December Assumptions: The proxy statement and other relevant documents may also be obtained, free of charge, on the SEC’s website http: Company guidance Complementary gold and PGM production profiles Factset and company filings.
Non-GAAP financial measure, please refer to appendix for definition Balanced acquisition funding plan preserves future flexibility Au-eq production figures for Rustenburg, Aquarius and Stillwater calculated using average prices for illustration; Au: Mvccp-02 measure is calculated beginning with costs of metal sold – Mine Production, the Company’s most kathey comparable GAAP financial measure and adding to it the change in mined inventories, and adjusting for the by-product and recycling income credits, domestic corporate general and administrative costs excluding any depreciation and general and administrative costs of foreign subsidiaries and that portion of total capital expenditures associated with sustaining the current level of mining operations.
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Intervals are Estimated True Widths. Stillwater PGM reserves mathe, From this calculation, the Company deducts by-product and recycling income credits to arrive at Total Combined Cash Costs, net of by-product and recycling income credits.
Includes growth projects and assumes sustained operational efficiencies Sibanye diligence suggests NAV opportunity beyond the average broker target price 29 Recoverable PGM ounces from produ ction are an indication of the amount of PGM product extracted through mining in any period.
Overview and strategic recap. Total Combined Cash Costs is a measure of extraction efficiency. Transaction summary issue Source: Because the objective of PGM mining mccp-02 tivity is to extract PGM material, the all-in cash costs per PGM mined ounce to produce PGM material, administer the business and sustain the operating capacity of the mines is a useful measure for comparing overall extraction efficiency between periods.
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Gold division – Life of mine production profile 60 50 40 30 20 10 0 Note: Factset and Broker research. Near-term, low-cost growth Gold equivalent production1 koz In addition, Stillwater recycled c.
Market data as of mvcp-0 January Notes: NAV accretive Broker target share price for Stillwater vs. Sibanye EBITDA annualised for the year ended 30 June and Pro forma for full year Mahey contribution Excludes Burnstone debt and cash, as per mid year results presentation January average price based on January 1st to January 30thPF net debt as of year end excludes Burnstone debt and cash and pro forma for transaction.
Industry leading relative dividend yield Current dividend yield last twelve months LTM dividends paid 5.
For Sibanye, Transaction conditional on approval of the acquisition and the rights issue Expected closing in Q2 following customary regulatory and stakeholder approvals 14 Post-Closing 1HY Any securities referred to herein have not been, and will not be, registered under the U. No Offer or Solicitation This presentation is for informational purposes only and does not constitute an offer to sell, or mfcp-02 solicitation of offers to purchase or subscribe for, securities in the United States or any other jurisdiction.
Dividend yield calculated using actual dividend paid and average share price for the period, since public listing Cumulative R3. Market data as of 30 January Note: Value analysis and financing plan.
Neither Sibanye nor Stillwater undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed transaction is included in the proxy statement that Stillwater has filed with the SEC.
Our PGM view is positive over the long-term Platinum: This non-GAAP financial measure is used as an indicator from period to period of the level of total cash required by the company to maintain and operate the existing mines, including corporate administrative costs and replacement capital.