Board Change • May 20
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Thoko Mokgosi-Mwantembe was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 26
Valterra Platinum Limited Reiterates Production Guidance for 2026 Valterra Platinum Limited reiterated production guidance for 2026. For the year 2026, the company expects Platinum Group Metals - M&C production and refined production of 3.0 Moz to 3.4 Moz and Platinum Group Metals - Refined of 3.0 Moz to 3.4 Moz. Tillkännagivande • Mar 28
Valterra Platinum Limited, Annual General Meeting, May 08, 2026 Valterra Platinum Limited, Annual General Meeting, May 08, 2026. Tillkännagivande • Jan 23
Valterra Platinum Limited Provides Earnings Guidance for the the Twelve Months Ended December 31, 2025 Valterra Platinum Limited provided earnings guidance for the the twelve months ended December 31, 2025. For the period, the company expects basic earnings per share to be between 5,522 cents per share and 6,055 cents per share (2,683 cents per share in the prior period). Tillkännagivande • Oct 28
Valterra Platinum Limited Reaffirms Production Guidance for 2025 Valterra Platinum Limited reaffirmed production guidance for 2025. For the year, the company remain on track to deliver full year guidance for Amandelbult of 450,000-480,000 PGM ounces., M&C production of 3.0 Million -3.2 million ounces. M&C production from our own operations is expected to be ~2.0 million PGM ounces and POC between ~1.0 Million to 1.2 million PGM ounces. Refined production and sales volumes guidance is expected to be ~3.4 million PGM ounces. Tillkännagivande • Oct 13
Valterra Platinum Limited Announces Resignation of Norman Mbazima as Member of Social, Ethics and Governance Committee Valterra Platinum Limited announced As part of the Board's ongoing efforts to optimise its governance structures and ensure appropriate membership of Board committees, the Board announced the following change: The Governance Committee has been combined with the Social, Ethics and Transformation Committees and renamed the Social, Ethics and Governance Committee. Norman Mbazima has stepped down from the committee. Tillkännagivande • Sep 10
Public Investment Corporation Limited acquired an additional minority stake in Valterra Platinum Limited (JSE:VAL). Public Investment Corporation Limited acquired an additional minority stake in Valterra Platinum Limited (JSE:VAL) on September 9, 2025. After completion of acquisition, Public Investment Corporation now holds 17.208% stake.
Public Investment Corporation Limited completed the acquisition of an additional minority stake in Valterra Platinum Limited (JSE:VAL) on September 9, 2025. Tillkännagivande • Sep 06
Valterra Platinum Limited has completed a Follow-on Equity Offering in the amount of ZAR 44.109 billion. Valterra Platinum Limited has completed a Follow-on Equity Offering in the amount of ZAR 44.109 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 52,200,000
Price\Range: ZAR 845
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jul 17
Valterra Platinum Limited Announces Changes to Its Board, Effective Immediately Valterra Platinum Limited announced the appointment of Ms. Deborah Gudgeon and Ms. Thoko Mokgosi-Mwantembe as independent non-executive directors with immediate effect. These appointments ensure the appropriate balance of knowledge, skills, experience, and diversity on the Board for it to discharge its governance role and responsibilities objectively and effectively into the future, including in relation to the Company's secondary listing on the London Stock Exchange. Following the appointment of two additional independent non-executive directors, the Company's Board will comprise eleven independent, non-executive directors and two executive directors. Tillkännagivande • Mar 21
Anglo American Platinum Limited, Annual General Meeting, May 08, 2025 Anglo American Platinum Limited, Annual General Meeting, May 08, 2025. Location: will be held both in person, South Africa Tillkännagivande • Mar 18
Anglo American Platinum Limited Announces Board and committee Resignations, Effective March 19, 2025 Anglo American Platinum Limited advised that Nolitha Fakude,Themba Mkhwanazi and Matt Daley have stepped down as non-executive directors of the Company, and consequently from the board committees they serve on, with effect from 19 March 2025. Their decision to step down is a further and necessary step in preparation for the Company's demerger from Anglo American plc, aimed at promoting greater independence within the board and ensuring that the Company can navigate this transitional phase with a more autonomous governance structure. Tillkännagivande • Feb 26
Anglo American Platinum Limited Provides Update on Tumela Mine At the Amandelbult Complex and Surrounding Areas Anglo American Platinum Limited announced that Heavy rains in the northern part of South Africa over the past week have caused widespread flooding in the region, including at Anglo American Platinum's Amandelbult Complex. The significant rainfall and the overflow of the nearby river systems, compounded by the collapse of the Bierspruit dam near Swartklip on Thursday 20 February caused water ingress at Tumela mine, which overwhelmed pumping capacity, flooding certain of the underground workings and the main pump station. While surface flooding in and around the Amandelbult Complex temporarily affected access to the operation, the main Dishaba mine, the concentrator and other infrastructure are largely unaffected. The successful implementation of the emergency preparedness plans, including the temporary suspension of all operations at the Amandelbult Complex on Thursday 20 February, ensured the safe evacuation of all employees and contractors. Operations at the Amandelbult Complex, except for the Tumela mine, restarted on 24 February. A detailed impact assessment and recovery plan to ensure safe production at Tumela mine is under way. Preliminary indications are that the 2025 metal-in- concentrate (M&C) production guidance of 3.0 million to 3.4 million PGM ounces is not expected to be impacted. Tumela mine contributes approximately 10% to the total monthly M&C production. The safety of all employees and surrounding host communities are of the highest priority and are, together with the authorities, ensuring that support is provided to those most affected by the floods. Tillkännagivande • Feb 08
Anglo American Platinum Limited Provides Earnings Guidance for the Twelve Months Ended 31 December 2024 Anglo American Platinum Limited provided earnings guidance for the twelve months ended 31 December 2024. The basic earnings and earnings per share (EPS) for the period have decreased by between 42% and 52% compared to the prior period. Basic earnings are likely to be between ZAR 6.3 billion and ZAR 7.6 billion (ZAR 13 billion in 2023) and EPS is expected to be between 2,395 cents per share and 2,889 cents per share (4,952 cents per share in 2023). The decrease in earnings compared to 2023 is primarily due to a 13% decline in realized ZAR PGM prices. Most notably, palladium and rhodium realized US dollar prices decreased 24% and 30% respectively. Tillkännagivande • Feb 06
Anglo American Platinum Limited Provides Production Guidance for 2025 and Estimates for 2026 and 2027 Anglo American Platinum Limited provided production guidance for 2025 and estimates for 2026 and 2027. For the year 2025, the company expects Platinum Group Metals - M&C production of 3.0 Moz to 3.4 Moz and Platinum Group Metals - Refined of 3.0 Moz to 3.4 Moz.
For the year 2026, the company estimates Platinum Group Metals - M&C production of 3.0 Moz to 3.4 Moz and Platinum Group Metals - Refined of 3.0 Moz to 3.4 Moz.
For the year 2027, the company estimates Platinum Group Metals - M&C production of 3.0 Moz to 3.5 Moz and Platinum Group Metals - Refined of 3.0 Moz to 3.5 Moz. Tillkännagivande • Jan 17
Infinium Holdings, Inc. acquired Greyrock Energy Inc. Infinium Holdings, Inc. acquired Greyrock Energy Inc. on January 16, 2025.
Infinium Holdings, Inc. completed the acquisition of Greyrock Energy Inc. on January 16, 2025. Tillkännagivande • Jan 16
Anglo American Platinum Limited to Report First Half, 2025 Results on Jul 28, 2025 Anglo American Platinum Limited announced that they will report first half, 2025 results on Jul 28, 2025 Board Change • Dec 30
High number of new directors There are 7 new directors who have joined the board in the last 3 years. CFO, Controller & Executive Director Sayurie Naidoo was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 06
Anglo American Platinum Limited Appoints Fiona Edmundson as Acting Company Secretary with Effect from 1 January 2025 Anglo American Platinum Limited announced that Ms Fiona Edmundson has been appointed acting company secretary with effect from 1 January 2025. Ms Edmundson is an admitted attorney and practised in South Africa and the United Kingdom, focusing on corporate law and mergers and acquisitions. She currently heads up the legal team of Anglo American South Africa. Tillkännagivande • Nov 28
Anglo American Platinum Limited has filed a Follow-on Equity Offering. Anglo American Platinum Limited has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Transaction Features: Subsequent Direct Listing Tillkännagivande • Nov 27
Anglo American Platinum Limited has completed a Follow-on Equity Offering in the amount of ZAR 9.59 billion. Anglo American Platinum Limited has completed a Follow-on Equity Offering in the amount of ZAR 9.59 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 17,500,000
Price\Range: ZAR 548
Transaction Features: Subsequent Direct Listing Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €38.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total loss to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.83 per share. Tillkännagivande • Oct 24
Anglo American Platinum Limited Revises Production Guidance for the Year 2024 Anglo American Platinum Limited revised production guidance for the year 2024. For the year, the company production guidance for 2024 for M&C is unchanged at 3.3-3.7 million PGM ounces. However, refined production guidance is revised up to 3.7-3.9 million ounces (previously 3.3-3.7 million ounces), assuming no Eskom load-curtailment. This is on the back of strong and stable performance from the processing assets, which enabled to release built-up work-in-progress inventory. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €34.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €64.81 per share. Tillkännagivande • Sep 05
Anglo American Platinum Limited Announces Resignation of Elizna Viljoen as Company Secretary , Effective December 31, 2024 Anglo American Platinum announced that Elizna Viljoen has resigned as Company Secretary, effective 31 December 2024, to pursue a career opportunity outside the group. The Board extends its gratitude to Elizna for her 11 years of dedicated service and valuable contributions to the group, as well as her support of the Board and Platinum Management Committee. The Board will commence a succession process and will appoint a Company Secretary in due course. Upcoming Dividend • Aug 14
Upcoming dividend of R9.75 per share Eligible shareholders must have bought the stock before 21 August 2024. Payment date: 26 August 2024. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €35.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €53.51 per share. Declared Dividend • Jul 24
First half dividend of R9.75 announced Shareholders will receive a dividend of R9.75. Ex-date: 21st August 2024 Payment date: 26th August 2024 Dividend yield will be 33%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 32% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 84% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 23
First half 2024 earnings released: EPS: R24.03 (vs R29.39 in 1H 2023) First half 2024 results: EPS: R24.03 (down from R29.39 in 1H 2023). Revenue: R52.2b (down 19% from 1H 2023). Net income: R6.32b (down 18% from 1H 2023). Profit margin: 12% (in line with 1H 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jul 18
Anglo American Platinum Limited Provides Production Guidance for the Year 2024 Anglo American Platinum Limited provided production guidance for the year 2024. Metal-in-concentrate PGM production and refined production guidance remains at 3.3-3.7 million ounces. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €32.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €49.17 per share. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €30.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €57.11 per share. Tillkännagivande • May 10
Anglo American Platinum Limited Announces Director Retirements Anglo American Platinum Limited announced Mr. J Vice and Ms N Moholi, who have both served as directors for more than 10 years, retired from the board at May 9, 2024 AGM. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €33.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.24 per share. Tillkännagivande • Apr 23
Anglo American Platinum Limited Reaffirms Production Guidance for 2024 Anglo American Platinum Limited reaffirmed production Guidance for 2024. For the period, production guidance for 2024 for metal in concentrate (M&C) and refined production is unchanged and is expected to be between 3.3 million PGM ounces -3.7 million PGM ounces, subject to the impact of Eskom load-curtailment. Upcoming Dividend • Mar 19
Upcoming dividend of R9.30 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 02 April 2024. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €37.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.14 per share. Tillkännagivande • Mar 12
Anglo American Platinum Limited, Annual General Meeting, May 09, 2024 Anglo American Platinum Limited, Annual General Meeting, May 09, 2024, at 10:00 South Africa Standard Time. Location: Anglo American Platinum offices, Imbizo auditorium144 Oxford Road, Rosebank 144 Oxford Road, Rosebank Johannesburg South Africa Reported Earnings • Feb 20
Full year 2023 earnings released: EPS: R49.53 (vs R187 in FY 2022) Full year 2023 results: EPS: R49.53 (down from R187 in FY 2022). Revenue: R124.6b (down 24% from FY 2022). Net income: R13.0b (down 74% from FY 2022). Profit margin: 11% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 30% per year. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €33.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.62 per share. Tillkännagivande • Feb 08
Anglo American Platinum Limited Provides Production Guidance for 2024 Anglo American Platinum Limited provided production Guidance for 2024. For the period, production guidance for 2024 for metal in concentrate (M&C) (1) and refined production (1) is expected to be between 3.3-3.7 million PGM ounces. Tillkännagivande • Jan 22
Anglo American Platinum Limited Announces Resignation of Thabi Leoka from Her Position as A Non-Executive Director of the Company Anglo American Platinum Limited announced that in compliance with paragraph 3.59 of the JSE Limited Listings Requirements shareholders are advised that, on her request, Thabi Leoka has resigned from her position as a non-executive director of the Company and consequently the board committees she serves on, with immediate effect, in order to attend to her health and the questions she has been facing in relation to her academic qualifications. New Risk • Dec 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. High level of non-cash earnings (38% accrual ratio). Minor Risks Dividend is not well covered by cash flows (95% cash payout ratio). Dividend is not well covered by cash flows (95% cash payout ratio). Profit margins are more than 30% lower than last year (21% net profit margin). Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €43.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.06 per share. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €39.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.77 per share. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €30.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total loss to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.96 per share. Tillkännagivande • Oct 25
Anglo American Platinum Limited Provides Production Guidance for 2023 Anglo American Platinum Limited provided production Guidance for 2023. For the period, refined production guidance for 2023 is unchanged at 3.6 million ounces to 4.0 million ounces. Buying Opportunity • Oct 19
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €44.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 9.3%. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings is also forecast to grow by 1.4% per annum over the same time period. Tillkännagivande • Oct 13
Anglo American Platinum Limited Announces Appointment of Stephen Phiri as A Non-Executive Director The board of Anglo American Platinum Limited announced the appointment of Stephen Phiri as a non-executive director of the Company with effect from 10 October 2023. Stephen's appointment supports the orderly succession and rotation of long serving directors in terms of skills retention and handover of key positions. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €30.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.58 per share. Buying Opportunity • Oct 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €43.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 9.3%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings is also forecast to grow by 0.7% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €33.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €39.47 per share. Tillkännagivande • Sep 07
Anglo American Platinum Limited Appoints Ms. Sayurie Naidoo as Acting Chief Financial Officer Anglo American Platinum Limited announced the appointment of Ms. Sayurie Naidoo as acting Chief Financial Officer, with effect from 1 September 2023. Sayurie has been with Anglo American Group for over 15 years and is a registered CA(SA). She has held various financial roleswithin Anglo American and is currently the Financial Controller responsible for financial reporting, performance reporting,corporate cost control activities, governance, and controls as well as finance systems. Sayurie holds directorships andtrusteeships at various subsidiary companies and trusts. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €32.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.05 per share. Upcoming Dividend • Aug 16
Upcoming dividend of R12.00 per share at 17% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 28 August 2023. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 17%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (8.7%). Buying Opportunity • Aug 14
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 35%. The fair value is estimated to be €46.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 9.3%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is also forecast to grow by 0.3% per annum over the same time period. Reported Earnings • Jul 28
First half 2023 earnings released: EPS: R29.39 (vs R101 in 1H 2022) First half 2023 results: EPS: R29.39 (down from R101 in 1H 2022). Revenue: R64.7b (down 24% from 1H 2022). Net income: R7.74b (down 71% from 1H 2022). Profit margin: 12% (down from 31% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 28
Anglo American Platinum Limited Announces CEO Changes The Board of Anglo American Platinum Limited announces the appointment of Craig Miller as CEO, with effect from 1 October 2023, following Natascha Viljoen's decision in February to take up the COO role at Newmont Corporation. Craig is currently the finance director of Anglo American Platinum, a role he has held since 2019. With over 23 years of mining industry experience, he is a seasoned senior executive who has worked in South Africa, Brazil, and the UK, with expertise spanning Anglo American's PGMs, base metals and bulk commodities businesses. The recruitment process for Craig's successor is under way. Prior to joining Anglo American Platinum in 2019, Craig held numerous roles across Anglo American, including Group financial controller, chief financial officer of the iron ore business in Brazil and coal business in South Africa, and head of the Group CEO's office. Craig began his career as a trainee accountant at Deloitte in Johannesburg and joined Anglo American in London as a finance manager in May 2000. New Risk • Jul 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 21% Last year net profit margin: 31% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. High level of non-cash earnings (38% accrual ratio). Minor Risks Dividend is not well covered by cash flows (455% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (21% net profit margin). Tillkännagivande • Jul 25
Anglo American Platinum Announces Dividend, Payable on 28 August 2023 Anglo American Platinum Limited approved the declaration of a gross final dividend of R3.2 billion (R12 per share (1 200 cents per share)) on the ordinary shares from profits accrued during the six-month period ended 30 June 2023. The dividend pay-out is equal to 40% of headline earnings in line with the Company's dividend policy. Trading ex-dividend commences at 23 August 2023. Record date is 25 August 2023. Dividend payment date is 28 August 2023. Tillkännagivande • Jul 22
Anglo American Platinum Limited Provides Production Guidance for 2023 Anglo American Platinum Limited Provided Production Guidance for 2023. For the period, the company said guidance remains unchanged. Metal-in-concentrate PGM production is 3.6 - 4.0 million ounces. Refined production is 3.6 million -4.0 million ounces. Unit cost per PGM ounce produced is anticipated to be at the upper end of the range considering exchange rate volatility, load-curtailment and continued inflationary pressure. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €45.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.60 per share. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €44.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total loss to shareholders of 8.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.89 per share. Tillkännagivande • Jun 03
Anglo American Platinum Announces Board Changes The Board of Anglo American Platinum Limited announced the appointment of Themba Mkhwanazi and Matt Daley as non-executive directors of the Company with effect from 1 June 2023. Themba Mkhwanazi's appointment to the board follows the Anglo American plc SENS announcement released on 31 May 2023 in which his new role as Regional Director, Africa & Australia was announced. Themba has over 18 years' experience in the resources industry, including South Africa, as well as in the US and Australia. The appointment of Matt Daley strengthens the technical skill set on the board. Matt is a mining engineer with more than two decades of underground, open cut, smelting, refining, project, and commodity trading experience. As Group Director - Technical for Anglo American plc, Matt leads the safety, discovery & geosciences, mining, processing, business improvement, asset strategy and reliability, information management and supply chain disciplines. Anik Michaud and Duncan Wanblad have stepped down as non-executive directors with effect from 1 June 2023. Buying Opportunity • Apr 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €68.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to decline by 5.2% per annum. Earnings is also forecast to decline by 17% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €57.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €69.70 per share. Upcoming Dividend • Mar 22
Upcoming dividend of R34.00 per share at 11% yield Eligible shareholders must have bought the stock before 29 March 2023. Payment date: 03 April 2023. Payout ratio is a comfortable 40% and the cash payout ratio is 84%. Trailing yield: 11%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (8.6%). Tillkännagivande • Feb 15
Anglo American Platinum Limited Announces Natascha Viljoen, CEO, Decides to Take Up Next Career Opportunity Outside Anglo American announced that Natascha Viljoen, CEO of its 79% owned subsidiary Anglo American Platinum Limited, has decided to take up her next career opportunity outside the Anglo American group. Natascha has been CEO of Anglo American's PGMs business since April 2020 and will join Newmont Corporation as its Chief Operating Officer upon completion of her notice period of up to 12 months. Natascha will continue to serve as CEO of Anglo American Platinum and as a member of Anglo American's Group Management Committee until that time. Tillkännagivande • Feb 03
Anglo American Platinum Limited Provides Production Guidance for the Year 2023 Anglo American Platinum Limited provided production guidance for the year 2023. Metal-in-concentrate (M&C) PGM guidance for 2023 is 3.6 - 4.0 million PGM ounces. Refined PGM production guidance is 3.6 - 4.0 million PGM ounces, subject to the impact of Eskom load-shedding. Tillkännagivande • Jan 14
Anglo American Platinum Limited, Annual General Meeting, May 11, 2023 Anglo American Platinum Limited, Annual General Meeting, May 11, 2023. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €72.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €72.23 per share. 
