Enhanced Investments - Financial Portal

Trading Statement for the Six Month Period Ended 30 June 2023

Published: 2023-08-08 10:00:34 ET

HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1940/013924/06
JSE Code: HLM
ISIN: ZAE000096210
(“Hulamin”, the “Group” or the “Company”)

TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2023

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, Hulamin advises that there is a
reasonable degree of certainty that the financial results for the six-month period ended 30 June 2023
(“H1 2023”) will differ by more than 20% from the financial results reported in the previous
corresponding period.

Shareholders are advised that Hulamin expects that:

    •    Basic earnings per share for H1 2023 will increase between 94% and 113% compared to 47 cents
         achieved for the six-month period ended 30 June 2022 (“H1 2022”), resulting in a range of
         between 91 cents and 100 cents.

    •    Headline earnings per share for H1 2023 will increase between 94% and 113% compared to 47
         cents achieved for the H1 2022, resulting in a range of between 91 cents and 100 cents.

    •    Normalised headline earnings per share1 for H1 2023 will increase between 83% and 103%
         compared to 36 cents achieved for the H1 2022, resulting in a range of between 66 cents and
         73 cents.

The results for the six months ended 30 June 2023 are scheduled to be released on Monday, 14 August
2023 at 07h05 with a management presentation to stakeholders at 10h00.

The financial information contained in this trading statement is the responsibility of the directors and
has not been reviewed nor reported on by the Company´s external auditors.

Pietermaritzburg
8 August 2023

Sponsor




Questco Corporate Advisory Proprietary Limited




1
  Normalised headline earnings per share is calculated in a consistent manner as per the latest annual financial statements, by
dividing normalised headline earnings by the weighted average number of ordinary shares in issue during the year.

Normalised headline earnings is defined as headline earnings excluding (i) metal price lag and (ii) material non-trading expense
or income items which, due to their irregular occurrence, are adjusted for in order to better present earnings attributable to
the ongoing activities of the Group. The presentation of normalised headline earnings is not an IFRS requirement and may not
be directly comparable with the same or similar measures disclosed by other companies.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.