Salient features

		2016	2015
FINANCIAL PERFORMANCE
Revenue	R million	10 099	8 395
EBITDA¹	R million	808	444
Operating profit	R million	622	295
Attributable earnings	R million	385	164
Headline earnings per share	cents	119	37
Normalised earnings²	R million	380	177
Return on capital employed³	%	9,2	4,7
Return on equity⁴	%	9,3	3,1
Net borrowings to shareholders’ equity⁵	%	13,3	25,3
Net asset value per share	cents	1 360	1 206
Current ratio⁶		2,9	3,1
Cash flow before financing activities	R million	415	(420)
Capital expenditure⁹	R million	328	605
Sales volumes:
Hulamin group sales volume	’000 tons	232	198
Rolled Products sales volume	’000 tons	214	180
ECONOMIC INDICATORS
Average Rand/US Dollar exchange rate		14,73	12,76
SHARE STATISTICS
Total shares in issue	million	319,6	319,6
Share price (closing)	cents	535	538
Market capitalisation	R billion	1,7	1,7
EMPLOYEES AND SAFETY
Total number of employees		1 934	1 972
Employee cost to turnover	%	10,4	11,1
Skills development spending	R million	38,8	23,7
Lost time injury frequency rate		0,03	0,32
Total recordable frequency case rate		0,27	0,99
SOCIAL AND TRANSFORMATION
B-BBEE expenditure	R billion	2,2	6,2
CSI spend	R million	2,1	2,8
Carbon emissions intensity⁷	MT CO₂e/MT production	1,76	1,92
Energy consumption intensity⁸	GJ/MT production	11,68	12,53
Water consumption intensity	KL/MT production	2,66	3,33

1	Earnings before interest, taxation, depreciation and amortisation .
2	Refer to note 22 to the group financial statements.
3	Net operating profit after taxation (excluding impairment of property, plant and equipment and intangible assets) expressed as a percentage of average capital employed.
4	Headline earnings expressed as a percentage of average equity.
5	Current and non-current borrowings less cash, divided by equity.
6	Current assets divided by current liabilities (excluding borrowings).
7	Using Eskom emission factor.
8	Consumption of LPG and electricity.
9	Before government grant received.