Good day.
And thank you for joining the Harmony FY'21 Results Presentation.
I hope you are all keeping safe.
It's a pity that we can't be able to meet in person.
Due to the COVID safety protocols, we will be presenting our full-year results virtually.
and be with "Mashego" Walt Jared me; Perry the will in is and Coetzer. presenting IR from meeting the the Marian Executives; me Boipelo leadership Mashego Lekubo; also Herman team With under also of then van der
Please our of note harbor statement. take safe
All set across previous pillars, all results, FY'XX resulting -- of saw FY'XX in our versus to our fantastic full-year four results. as delivery a compared year's the level
we of our From focus pandemic, communities. the had the that health of to the knew safety beginning employees the wellbeing, very on we host and and
At was to the realize same imperative times company objectives. strategic to the steer time, it our unprecedented through these also
we report proud I both. am that did to
us will future. FY'XX truly striking for a was an has what year indeed be incredible for Harmony, positioned and
highlights we ourselves Some across progress continued achieved of is an for of have future; equitable -- important ESG. development this in greener improving we that more shortly. FY'XX Sustainable position key deliverable we for as the a include and been more all of aspects XXXX management
Mponeng We acquiring operational production improved a related assets. a solid increase performance and grades. after saw in have significant We had even and
achieved delivered, the also the that [indiscernible] assets assets, increase Mponeng performance. old stunning X% which new related and we Harmony Our assets, as a on excluding and
a billion, XX%. this think EBITDA share. related increased a from the of Mponeng record after amounts previous of included and ZARXXX you per of is the that which [headline] loss financial million happened EBITDA year, a to the if and The assets, noteworthy billion, ZARX.X year, closure margin in Excluding was we achieved and [Ph] to of X%, this in first actually extra highlights this Unisel quarter. XX%, also an ZARX.X earnings ZARX.XX
sheet, buying to we're We allowing have on final in projects which a a flexible focus also FY'XX, key us dividend. balance strong, delivered
and [Ph] free in [S Frequency Lost X.XX in million ZARX.X features, increase some from include a improvement through flow, X% the in] highlights key operations operating Rate, Our that's cash original SA our per Time XX% billion. of the shifts, Injury
integrated which our grade nine We guidance increase for of all-in cost guidance in gold Mponeng a and [Ph] the meet our -- today, results increase months kilogram] into have faced FY'XX. sustaining electricity results [Ph]. contributed at sharp successfully to And have [ZARXXX,XXX production. related only good very and We notably, assets was [Ph] in towards production commodities our A considering like portfolio the of our in our [XX%] and managed have above the we consumables. and -- this achievement [X.X] into
embedded this our making X.XX ESG notable of our And Our of strategy. our I implemented stewardship, we strategic we highlights; vaccination achieved to include am fatality-free ESG falls considered. quarter When during pleased ESG the fourth and responsible decisions, a million is all milestones have in some pillar also an COVID-XX record report that under aspects first shifts which are year, of FY'XX. effective DNA.
Harmony opportunities. ethical how and [indiscernible] of has pipeline impacted actions, fundamental considered integrating each the and adopting exciting are to Africa ZARX.X electricity saving XXXX, training a billion, fact to to on in million Since future the diversity mining. This XX%, Harmony leadership and and E, We business. decision-making, and an our governance Good opportunities. on ZARX have managed and while savings procurement cumulative is FY'XX spent consequence of South risk-based it's in since Creating alone. development, we the reduce approach the of ZARXXX to testament greenfield brownfield preferential is By that and by aspect these on G. realizing we XXXX, our energy back of of almost billion S, consumption initiatives. every of Ethical into and turns risks value,
position We to these profitably. to reserves in take safely both extract our convert are and of resources a to value, now strong and opportunities advantage
and of a in opportunities, realizing Target We approved, will phase, are in some is overall partner, and been still mines the potential not we continue have Kalgold, projects also together market with engage aspirations that North. including in identified the extractions, but extend life permitting. specialized [indiscernible], value our exploration New of also have permit The replace continue, to has we, number regarding Wafi with are in to being our Savuka our add environmental Papua to Harmony. Tau to of of only for Golpu then Guinea permitting there's investing and a and emerging Golpu continue shafts P&G committed Whilst of copper/gold invest and the producer. Tona our pillars, to negotiations of and state the the JV we the Wafi to
I the think for and that value one in is investing today future of we've late. capital the really creating and approved of stories the projects
of deliver and will grades, Not [net present projects ounce over these X.X we these flows, how we transforms Mine to projects. projects are Doornkop XX our importance in which Harmony, this on value we it of the the Notable are X assumptions, expect improved The increase XX% these and the do already significant Harmony. time. from Khotsong, optimizing Solution tailings related cash levels a upgrades, Mine cash the infrastructure and the capitalization and of our ounce and to projects an Valley Zaaiplaats, projects And New These completed. but also expected [decline] based add expected mines producer. projects Papua pursuing expect too. currently the is significant development. of Target is bring is Hidden the from million to flow to Other high-grade approximately life only and So, [Ph] Guinea. XXX/XXX execution to Tshepong include extending include the expansion, project, are the capital new deepening present] our in value key [Ph] a Waste our extension in in as graph X.X to strong Kareerand as projects Moab are Sub the Harmony upside million
value ability in extend mine. We are the and these life our extract have projects [indiscernible] investing business, of to and to proven
are We have shown course we we our production small to we but look Not the Not will our indeed also continue to and in. are is projects basis, only add shareholders. [indiscernible] and all financial XX-year forward. and jobs, through only this value margins catalyst, of that's expansion long-term but improving operate property our going history. and of will expertise make businesses, our and over stakeholders margin have and the [indiscernible] the These to over skills these timeline our emerging for profile. communities, strategic The extending countries therefore create really contribute are our created of time. value sustained projects we production, at complimentary, and have new and market to the going If things our we sense, happen
projects, their In of the contribute New are a other that catalysts in life our Year. the addition will mines margins. there these our end which include These to towards are reaching the of expansion number of
and We see will an completion. agreement reach to will major FY'XX, streaming the also with our coming end projects CapEx Franco-Nevada in
each strategic course them ensure now driving pillars, touch All a will on 'XX. of the these our four three in have I higher. delivered will our of and on profile, through margins how of we CapEx decreasing of
production the certainty, all foundational a FD, conclude. all safe will cash after Safety value which Our is Harmony. I Lekubo, our is non-negotiable. Boipelo financials our And operations will at times and at run through at
safe embedding named safety understanding have safety and practices, We culture, and of zero transformation aptly life. our think and achieve of a of of leadership our of employees, resources safety journey, in one are culture employee that all to and one harm and behavior us assisted significant we requires and within capabilities, humanistic Harmony, learning importance in embedding have we from our others. proactive the good in which improving invested about goal proactive embracing means another, in on Developing prevent now [indiscernible], [Ph] help how entrenching] [incidences of loss for to engagement, another, about ourselves a is a in shift through caring safety Phase [indiscernible] conscious it X which
the whilst their results our our during course a Each change families. putting see loss and our their of us progress, at direction. to condolences our procedures needs that to deepest in extend incidents, look accidents having to or and majority working and FY'XX our report loss making are We're trending you life threat. safety in real of we're our lives life of tirelessly If I'm right the respect to colleagues key the despite achievements, in. results lost and have we're to We ensure pay constant improve. to remain efforts that who behavior reflect where systems, the to of the metrics pleased proportional
million per rates Our South lost injury in shifts X.XX frequency X% X.XX FY'XX. in improved from Africa to time
Hidden the year, we Valley for of Masimong, Kalgold in Some operations. FY'XX shifts. fatality XXX include milestones and Mponeng, surface all State Free free the achieved achieved notable Valley plants Joel, were X Hidden million and while
fighting major South stakeholders, New all new vaccinations, remains management business. towards and Our considered coordination from pandemic Guinea. materialist to a the is both and is Papua There COVID-XX in of focus our continued stores Africa a the and
over of a our as vaccinated We're August have their the aiming fully of job has of our or either successfully XXXX of 'XX. by been to partially vaccination workforce been Our half XXth have the of with XX% rollout first and vaccinated. end October employees
to the our by procedures linked the breakdown to further frameworks can and are to development the our in We're aspects the and seen businesses our KPIs ESG. being KPIs operational Further assessing our all KPIs ESG of those various into our our linked which which are our embedded factors be outcomes, continuing ESG Index. in also factors FTSEXGood management evidence best guide the be our scorecard, in considered. such how in as included sustainable of financials of are included of that illustrate ensuring material Harmony, our KPIs and will the balanced also but integrate strategy. informed are to components Our approach XX% of impact business integrated year to ESG
essential in diversify as renewable Africa. our how place in in place amongst rollout emphasis hydropower diversity an Our Guinea, in South Papua New and workforce, is energy plan exciting have on place we Energy we to energy our consider already Initiative With comprehensive mix. just it we
XX million for includes us plans renewable megawatts incorporate while megawatts energy energy plans. of a into and phase XX further of will Phase X renewable see production, our develop first The
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and high in acquisition is at are cost are These Joel, are low of Harmony. focus have has This at the they the just identified significant key and which contribute just growth ensure priorities us aimed management, expand in Mponeng illustrates and at we has need will cost produce and also same show all-in assets capital I sustaining Tshepong dollar and and ounce. achieve highest then The all to areas mines to slide X chart production active our as surface the in operational margins, projects improvement, high had throughout Target, and Khotsong which per only on our margins focus five excellence health the address Kalgold margins and help obviously safety which mines We grade This undergoing to drive volumes attentions, but the to plan mines Moab cost it of excellence XXXX driving sustaining allocation Red should last reliability. productivity optimization the due a to and costs year sources infrastructure down. U.S. where related underground impact business. Block discussed
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the in seismic at then which had [indiscernible] which re-support then event in that put images, at was to massive our the deal it loss we we had with. which new had a we of we had also and the aspects our safety We right to stopes of COVID standards life, we with stopes, And rethink actually of read place. many Target,
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flexibility. was So of creating really things it great about
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