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Annual Report 2006 cover

Highlights

The 2006 financial year was characterised by sustained operational performance and record sales revenue which was boosted by surging metal prices.

Key performance areas
Safety Safety levels maintained at record lows
Platinum production  
– Implats Maintained at 1.846 million ounces
– Impala Platinum Record production of 1.125 million ounces
Sales revenue Up by 40% to a record R17.5 billion (equivalent to $2.7 billion)
Gross margin  
– Implats Increased to 42%
– Impala Platinum Improved to 53%
Capital expenditure R2.2 billion
Headline earnings per share Up by 39% to R60.06
Total dividend R32.00 ($5.01) per share, plus a special dividend of R55.00 ($8.61) per share

Ounces

Production highlights
    FY2006 FY2005 % change
Group        
Refined platinum production (000 oz) 1,846 1,848 0
Refined PGM production (000 oz) 3,490 3,549 (2)
Impala Platinum        
Refined platinum production (000 oz) 1,125 1,115 1
Refined PGM production (000 oz) 2,003 2,062 (3)

Rands

Financial highlights
    FY2006 FY2005 % change
Sales (Rm) 17,500 12,541 40
Gross profit (Rm) 7,315 4,223 73
Profit before tax (Rm) 7,001 6,334 11
Profit (Rm) 4,385 5,254 (17)
Headline earnings per share (cps) 6,006 4,325 39
Dividends* per share (proposed basis) (cps) 8,700 2,300 278
Cash net of short-term debt (Rm) 1,853 3,981 (53)
Sales revenue per platinum ounce sold (R/oz) 10,963 7,930 38
Average rand exchange rate achieved (R/$) 6.37 6.20 3

Dollars

Financial highlights
    FY2006 FY2005 % change
Sales ($m) 2,745 2,023 36
Gross profit ($m) 1,151 679 70
Profit before tax ($m) 1,102 1,020 8
Profit ($m) 693 845 (18)
Headline earnings per share (cps) 949 693 37
Dividends* per share (proposed basis) (cps) 1,362 372 266
Cash net of short-term debt ($m) 259 598 (57)
Sales revenue per platinum ounce sold ($/oz) 1,721 1,279 35
* Includes special dividend of R55.00 ($8.61) per share declared in February 2006.

Note: These numbers are provided for convenience and have not been audited. The income and expenditure items have been calculated using the average exchange rate for the year. Sales are the actual dollar amounts.

Impala Platinum Holdings Limited - Annual Report 2006