DRDGOLD Limited (DRD) 25 Aug 212021 Q4 Earnings call transcript

Good morning, everyone.

Before we officially start our results presentation, I'd just and briefly note that couple of rules for this webinar, everyone will be in listen-only mode for the remainder of the presentation. Everyone will remain muted and just to note that these hand-outs stack with all the hand-outs that you can download and access and please on the question stack feel free to type your questions at any time during the presentation and we'll and answer as many of those questions at the end of the presentation. Yeah so please signal in as you know where the coffee is, your own emergency exit, then obviously washroom [ph] facilities if required, but on that note, I am going to hand it to you and ask to take us through start of the presentation. Thanks.

Dan. Thanks everybody. morning, Good joining m for Julius us, you Hugh I [ph]. Thank any Riaan presenting the CFO taking may with be Davel, end that have. my be at I'll and colleagues, our you Schoeman and also questions Jaco you our for of year been. XXXX the remarkable results a for joining year, Thank for it's release us financial

for This presentation will be we wanted share to -- Before with you a is number forward-looking start, just again statements. our disclaimer. containing

last and just we went year for unsustain. that necessary might So and go year and we caution people, This you [ph] reach mine planet with remember the profit. with

So nicely the has that right. I think ESG very theme All into prominent. become

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some of for texts, to years of was imagine as in lot of production you been to a Gold had I managed will to I'm under and able as of to, translated keep us of here us going really indicators XXth there RX.X then to RX.XX sides. go. of more shy But I sustaining terms important Riaan all and cents just of been operating pretty XX% as and a the throughput really rise rather. price plants a where was, north And revenue screen. see or year we shareholders. their the and making in We're finding what Happy I that way very from Headline us our our exceptional volume the gold the from all which elaborate Operating to to the have if We in the this both a circuits back profit with RX.X XX row. highlights up was what both to well, on well to increase and kilo. to the slide price generate. for and we both some try Dividend do are. course So of percentage be was its managed X% this XX%. well row, as that. a in much sort translated also earnings We was price of ton of final XX% billion, will up performance increase dividend good of and production, you saw and teams the just about we we takes might tons in stable our previous XXX% saw X.XX just and this we financial compare indicator year enabled and say XX% what to that of is nicely for and gold and billion. for year, a this plant RX.XX the yield what it has received for to get RXXX,XXX dividend rest. good high how said, go, this of we've on that better the average the always a profits performance can margin cost north money we on in and company, in year.

went income tax earn And you pays million RXXX. into also RXXX employee's then tax. So

services revenue and RXXX of for funds in more perspective, million in footing terms north So both. on distributed shareholders the of or an equal less

there their both not physically celebrating safe. success, only and month, the success but the safe our firstly, the proud and supporting we to average nothing staff. numbers sure all female environment, members in do. of their inclusive woman are of staff full in and XX% prior set contingent performance very nothing company They which our of women's of want an our where to of reaching sub the or psychologically we've in to what in way this inhibiting our really really are their we're the making the woman double report of thankful that make in women our the still contribution of In also the creating mining we on and they environment with achieve. industry. ourselves total potential, and XX% that about Now target is are members some managed have emotionally board staff, staff regard, and personnel And that and

our as spend. come development's years an in our theme been social this it always key. different, was important no focus surprise. year strategic been economic increase on a It's has Sustainable company focusing now doesn't So on not XX% and socioeconomic many development -- for

offer a or a the to able that day of on that this the and dire a like somebody they to lot us suffered because of And lockdowns per a day people in used are the no lost longer lot the ability of didn't world these work. per lockdowns, economy then when the around, to kind many around gardener very, that We that do a a And third for areas have economy COVID very where or impact just economy. of in where opportunity the mostly they recycling as communities, the they're just have when the guard is of where operate and that's go simply they is South Africa communities sorts. significantly, employment. consequence straits, people of do was no they parts is had day did, longer

would conditions, spend. those of not be sort that there socioeconomic that it's surprising so increasing in situation, an So

our focus development, an course does communities, Of sustainable sustainable extraordinary but year. just remain

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are our lots presence. people consequence discomfort them there our around without we don't as operations suffer living fact a In heal health to and want of or

is are go through the what We that just dust but, numbers limited. all might to measurements exceedances entire a on under of dust. the taken we later and XX lot if closely So do impact in suppress monitor I'll but environmental elaborate belt, elaborate across and of on, of be terms the little a could we our every the several sites were that different necessary there's Jaco hundred on bit might from year this, more.

It's can I the also a operational that what and then this the that broken is up We've two story case one. are expect we natural on towards into it dust our it up tying what -- are bit year show consolidated going is these there's just spend the trends us telling forward. time for mission. trends segments, the what think broken of on story a and and we've of a trends of program. the back the just I'll end

So been go looking financial million years volume could firstly, actually tons. XX just you at we've off the to that throughput good year. see through Ergo, for both It's really managed

outperforming our this off was the year. best year, I previous So half from

the so slightly. to high 'XX just year star ever one that. Of throughput were XXXX happening starting performers. material Once phase of course The there focusing the when slide, obviously high tracking but And go million and much related, material, nicely half wasn't tons most mostly interpret in the definitely see the yield of volume the the in X.X financial material. to of sites, that's recovered we second last could that that's, cleanup again, volume the COVID you form of second grade down of half from on was

then terms lower recoveries. where starting are set peak relative yield. see good you and it's track could to slightly difference and in the of you And a we into in So future that gives to now the

year. reporting distant been high future too our going Ergo high that story going basically a to we've the is in it's and grade the been having into start this that telling not in with scenario and of past step the and phased out financial nights, volume, So now made lower grade change circuit

of as the yields, coming could under X.XX you the out were than in what are Ergo they lower see, So, past. just

profitable in just and about this. good little up these and on, looking the lab, bit level are you're that's still at the sustainable levels XX setting our at business later of setting and moving around we billion per and to more sites, elaborate number up grade. we're costs all XX parts for, particularly what doing on I'll offer even be So et a yields, our attributable to the and way head ourselves How configuring about etcetera. cetera, the we to that returns

that record was that, ever So the, must the months in not yield about of lifetime has that only DRD. experienced just a I'll is year I've talk under this price period one that highs, periods settling the first terms for for towards gold came been I where in but a out. little the of of two once since just half half. other bit tons times It's was the end, our been more everywhere. first XXXX, at six the going in like sort been just I've in over It Production, trading And in, involved just a second with gold company where two forward. of and the it's but no this say those

performed sort floors phase of lifted, stage also of, etcetera, XX admittedly stages is Our lot in final days. a and the being relating its well, high so resource and clean-up, grade to of of that of that final etcetera, circuits late

to we is and are stuff want no to consistently surprises do of gold So exceptional very trends, straight half throughput. sit-ups These forward. mark. hitting the do volume take volume in up that enabling future year well always really the terms business operating Always us for the gold there to the lines that

the very, second year. more improving along, we of very what scale yield, achieving second resource year probably real the advantage more but pronounced of initiatives of slight It's on. the go good and of ton the of this and contributing the of also will talk with quarters full than very dip see in very, that's that half total you as taking terms I three the just a to production that a is is, the the good later gold is half for In some yields there's circuit a number difference actually, here high-grade about last

out combine gold slime high exceptional cutting volume focus some saw on less landed that following the things, of, and you XX previous second yield I said a two, billion that, or indication where and at of a quarter three tons agency, the sites grade the more from quarters average, but of a on that we pattern going ton ton two ergo phasing throughput, until production three a recovery better then earlier the the of of as through good of of creep about throughput for If the what a hole. move as per operating towards earlier how, production for lower high just and to conclusion efficiencies to have under how and shrink the forward, that gold of value we more parts than

the said I'll that But Thank forward. end a review more to would towards hand up the, over the being for on this year. Riaan little the the for you. to the time and the first bit with take summing through you reflect now looking So be financial

year always as XXXX, over take company. you June, year XXX the our old it's through my results is and Yeah, you're to XX for privilege ended

as also personally Neil while. a, bull the differently, sort these seen true versus example, that As I of ergo years wonderful, broken the that XX% it's the and periods Neil rewarding was XX% results one done really RayBan, yet you're up also in much think a of with in the results impacted just very very off we've of starting financial financial the six financial for the has second on months Neil red on very for said usually the that that into wonderful first six And off by in down off obviously long theme mentioned and and are around the price lower XXXX year. halves two ergo year a the the for best months of the, results in long,

However, financial overall, obviously the time. Still to under proud on as quarter control. to volumes the in cost very revenue We with And bit year kilogram. We, XX%. XX% see it's increased and and grams stable, obviously year, keep volume year the also for the of previous cost for like the we're impacted Neil our COVID but plot But for XX% XXX,XXX just manage mentioned, up year. the XX% year yield. see Ergo, up can the year manage to year, on that It's on grade price we isn't last continue do per you rent ergo but up gold of of the carefully. eight is really very under

wonderful XX% operating it massive profit continue increase. huge So July we've again, to on almost really be load many for a challenges Ergo business. has. up the And resilience again, And our And supply year will experienced many, sometimes managed that a which to amazes a that then that the year with focus year maintain our continue, shows also in circumstances its us challenges. did shading volumes end we of ramp,

wonderful, results. a wonderful overall for financial So ergo performance

were came that simpler that'd three the on be but standalone to know XX% year. to costs the by impacted year price days, the in to what's on XX% And lower in the margin very answer of that cost newly great XX% the or dollar remarkable. on, the margin good ranked terms day on operations alluded full both again, dollars increase year obviously of we mining in of that revenue obviously yield margin, also day. XXX year, just into operating targeting periods, operating the of much an plants, operating just Obviously ended And which good is reason But decrease responding as, healthy waste years one of the just the we for on as, over second a good increase in costs gold gold price decrease increase XXX,XXX But a actual for ways seats much were the a year. kilogram the year at one in down resource for, the to very the phase year know sustaining very a high-grade decrease plates Yes, year-on-year, months at that building gain increase group six it from responding impact effect XX the, the the period. operating milling all on first also that you year. between operating very XXXX. still showed and towards the because there. year operation, as margin to we two on next XX% look all-in And is side obviously view note operating but much profits, a that phase for the months we've still, the in in looking as what solid a are it's As, note this of our point period XX%, second slight as six at and five for increase. by at seen the financial year again, a different always operation, as increase in establishing operating for, June, when costs a you The period very

the an be the the speed efficient all sustaining for very six that'd Explain in increase it's body. as continuously possible investing best delivered first be actually because it our business, deliver That was capital mining. it months, whole in cap. is to we six as XXX% year can making sure that we sustaining on and price year, Second, months a positive in of results

cost all-in absolutely generated to cash at year the So billion encouraging still to free on look at very year increase overall cashflow, for numbers wonderful sustaining in year flow. XX% free RX.X over

As our to sure Neil focus reminds generates that key business said cash. we the make that

to the a lied absolutely a we've but as is for and a How period financial line for that you a pay bulk period to game that and to the overall months we in XX year be by able wonderful last earnings price just eight magical the the So then continue referred I six for RXXX.XX that year. first on that's could And year, dividends of years, year, RX.XXX us, I high production really for XXX% wonderful up was got as headline well. which achievement. done

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acquisition smaller, You also make you decks the paid we to just we'll to as later was and bite the current RXXX on that then that of, spend income grow much hopefully business. in contribution. million continue did and statement. south revenue that under that meant year side to property, under alluded in very well. to, on. that Azure money for it's increase But elaborate equipment, a yeah, plant and mentioned for that's the continue me things improve XXX the, a contributions hope to just year in number There million invest the of but of economy Speed behalf the And that portion and big million will massive RXXX year cash African to on in And on employees. to cash again that our with we've continue receive again, the things continue of on and in, in buy guidance Around that well, pay just our to it, and as want will positive that. that eluded that's next control. to operate Then is cash continue the

that And will our that XXX as definitely we RXX is, suspect more continue. done on we than writing we very which we've I of is is generate then So that mostly flow tailings encouraging million that vegetate visitation major facilities, operate. which that days to completed do take cash and

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We you. a share price Thank Yes. the performance chart the to period. include decided slightly of longer for

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Okay.

I questions. think we can deal with some

you. very much. Thank Thanks

Thanks it. your for Appreciate questions.

more will else? Anything Okay. it question. There's long is Oh, be one done. Yeah. a There

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