Beyond performance

FINANCIAL STABILITY

FINANCIAL STABILITY

CREATING VALUE

CREATING VALUE

Financial: affecting our financial performance 2018


Cash generated from operations after working capital up 23% to R2,3 billion

Group EBITDA excluding non-recurring costs up 2%, like-for-like up 4%
and 17% higher than reported in the AFS

Group revenue increased 7% to
R10,3 billion

Strong performance from rest of Africa cement operations, reflected in 14% EBITDA growth with DRC detracting from performance

Maintained southern Africa cement EBITDA margin at 22% in a tough environment

Basic earnings per share up 25% to
10 cents

Group reported EBITDA declined 9% to R1,9 billion due to non-recurring costs and inclusion of DRC for the first time

Improved financial position: net debt down R900 million to R3,8 billion, net debt/EBITDA 2,0x

Implemented
R2 billion debt-funding package in South Africa

Impairment of
R165 million to DRC plant detracted from performance

Restructured DRC funding agreements, including two-year capital holiday

Finance costs down 9%, like-for-like down 32%

Headline earnings per share increased 114% to 15 cents

Net operating cash flow after investment activities improved by R1,8 billion

Implemented value-based management system

Launched R50/tonne profitability improvement strategy in SA

Reduced capital expenditure by
R1,1 billion