Impala Platinum Holdings Ltd

All righty, good morning, morning all. Welcome to Impala's financial year results for 2023. It's such a pleasure to have you all in the room with us today. We're going to be live streaming on the webcast as well, and there's also an opportunity for people to dial in on chorus call. But as always, when we get to the Q&A site, I'll give an opportunity to people in the room to ask questions first and then we'll go to chorus call and, and on the web, just ask some household issues. Um, we are running off, uh, supplementary electrical power, green power. So there shouldn't be issues with, with power. Um, in, in the event that there is an emergency, the evacuation is just straight out the back as you come in, but, there shouldn't be any, any issue. So with those few words, I'm going to give you a, short video a little bit of a flavor of our results after which i will introduce our ceo nikku miller who would then just focus on a couple of the key focus areas for the results and then we can jump straight into q a but let me also just welcome patrick on on the stage here you'll see patrick marutla he's recently joined us as the ceo of the garage retirement He's a strong mining engineer, so please save your toughest questions for him. Thank you very much.

The financial year 23 was quite a remarkable year for us. When I look at the year-on-year production, we've actually seen a 7% increase in ounces produced from our operations. Regrettably, as a consequence of loads of tailment, we were not able to process and refine and sell all of those ounces. So that's had a detrimental impact on our financial results. In addition to that, we have seen a very sharp decline in particular palladium and rhodium prices in the second half of our financial year, and that has had a very negative impact on our earnings and therefore profitability.

FY23 has been very challenging in terms of the economics. However, from a company perspective, we've been able to get going on a number of programs that we have committed to, including our construction of a solar plant at Zimplatz that will increase our portion of renewable energy to some 36% group. In Canada, we're already at 100% renewable energy, so that helps a lot. The other aspects of business performance relate to how much we have been able to contribute for socio-economic development, almost doubling our previous year's contribution. We build legacy infrastructure, we look after suppliers and develop them to become our own suppliers in the value chain, and also schools and bridges for our communities.