RE: 2020 INTERIM RESULTS for the six months ended 30 June 20204 Aug 2020 08:09
FINANCIAL HIGHLIGHTS[1]
· Adjusted EBITDA was US$255 million, a 57% EBITDA margin, and profit before tax was US$191 million
· Adjusted Group free cash flow generated was US$102 million, after US$114 million was distributed in profit share and royalties to our partner, the Egyptian state
· Net profit attributable to shareholders was US$75 million
· Revenue for the six months ended 30 June 2020 ("H1") was US$449 million from gold sales of 270,529 ounces at an average realised gold price of US$1,657 per ounce
· Operations, supply chain and gold shipments have not been materially impacted by the COVID-19 pandemic. Related costs incurred due to COVID-19 were US$5.7 million, as at 30 June 2020
· Cash cost of production was US$642 per ounce produced, within the annual guidance range of US$630 to US$680 per ounce
· All-in sustaining costs ("AISC") were US$899 per ounce sold, within the annual guidance range of US$870 to US$920 per ounce
· Capital expenditure of US$52 million, below budget and in response to COVID-19 with the deferral of non-essential capital projects, thereby reducing the third-party access on site
· Strong and flexible balance sheet with no-debt or hedging and net cash and liquid assets[2] of US$367 million, as at 30 June 2020, after payment of the first interim dividend of US$69 million on 15 May 2020
· The Board has declared a second interim dividend of 6 US cents per share, equating to 68% of free cash flow generated in H1 (US$69.4 million) to be distributed to shareholders on 11 September 2020
https://otp.tools.investis.com/clients/uk/centamin_plc/rns/regulatory-story.aspx?cid=1756&newsid=1405988
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