Enhanced Investments - Financial Portal

Trading statement for the six months ended 30 June 2022

Published: 2022-08-25 08:15:35 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 MONTHS ENDED 30 JUNE 2022

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 months ended 30 June 2022, when compared with the
published financial results for the six months ended 30 June 2021, will differ as follows:

                                                30 June 2022         Change from 2021                  30 June 2021        30 June 2021
                                                    expected         actual restated to                    restated2 previously reported
                                                                         2022 expected
                                                                                  range
    Earnings per share                            45 cents to               Improved by          33 cents per share          29 cents per share
                                                    49 cents          between 36% (12
                                                                         cents per share
                                                                     increase) and 48%
                                                                    (16 cents per share
                                                                               increase)
    Headline earnings/(loss) per                  45 cents to               Improved by          19 cents per share          15 cents per share
    share                                           48 cents         between 137% (26
                                                                         cents per share
                                                                      higher) and 153%
                                                                    (30 cents per share
                                                                                 higher)
    Normalised headline                       35.75 cents to                Improved by         (5) cents per share         (9) cents per share
    earnings/(loss) per share1                  36.75 cents              between 815%
                                                                        (35.75 cents per
                                                                    share improvement
                                                                       and 835% (36.75
                                                                         cents per share
                                                                          improvement)

Notes:
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.

2     Hulamin revised the nature of costs capitalised to inventory at December 2021, which resulted in a restatement of previously reported results.
      As such the previously reported interim results have been restated.

The results for the six months ended 30 June 2022 are scheduled to be released on Monday, 29 August 2022 at
07h15 with a management presentation to stakeholders to follow 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
25 August 2022
Sponsor




Questco Corporate Advisory Proprietary Limited

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.

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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.
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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.