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Anglo American plc noted the announcement of Anglo American Platinum’s annual results for the year ended 31 December 2018.
2018 ANNUAL RESULTS
KEY MESSAGES
Tragic deaths of two colleagues in 2018
Increased returns to shareholders
dividend pay-out ratio raised to 40% of headline earnings
cash dividend of R2.0 billion or R7.51 per share for H2 2018 resulting in total dividend for the year of R11.25 per share
Quality earnings, with EBITDA up 21% to R14.5 billion
Headline earnings per share up 95% to R28.93 per share
Free cash flow from operations increased by 60% to R5.6 billion
Strong balance sheet – net cash position of R2.9 billion
Return on capital employed (ROCE) increased to 24%
Total PGM production up 4% – record production from Mogalakwena, Unki and Kroondal
Upgrading the portfolio: sale of Union, BRPM and holding in Royal Bafokeng Platinum Limited; acquisition of joint venture (JV) interest in Mototolo mine
Clear and defined strategy for the next phase of value delivery
Total shareholder return of 55% in 2018 – a top performance on the JSE