Declaración comercial para el año finalizado el 31 de diciembre de 2023
Incorporado en Guernsey. Número de registro de Guernesey: 47656
Número de registro de empresa externa de Sudáfrica 2009/012636/10
Compartir código en JSE: GML / AIM: GEM
ISIN: GG00BG0KTL52 | LEI: 21380017GAVXTCYS5R31
("Gemfields" o la "Compañía")
Trading Statement for the year ended 31 December 2023
LONDRES, 22 DE MARZO DE 2024
In accordance with paragraph 3.4(b) of the JSE Listings Requirements, Gemfields shareholders are advised that the Company is reasonably certain of its expected financial results for the year ended 31 December 2023.
Sean Gilbertson, director ejecutivo de Gemfields, comentó:
"In what has been a year of both achievements and challenges, Gemfields recorded its second highest annual revenues alongside seeing record prices being paid for our rough coloured gemstones sold at auction.
"Production of premium rough gemstones has been weaker at both Kagem and Montepuez Ruby Mining ("MRM") compared to 2022, and resulted in November 2023's planned higher-quality emerald auction being withdrawn from our schedule. We look forward to completing our first auction of the year later on today, with a commercial-quality emerald auction taking place in Jaipur, and our next higher-quality emerald and mixed-quality ruby auctions to take place in Q2.
"2023 also saw the start of a period of considerable investment across the Group, from our position of financial strength at the end of 2022. We are confident that the short-term impact of this investment on our financial results and performance will lead to a stronger and genuinely transformed business, particularly at MRM, where construction is ongoing for a second processing plant."
Expected earnings per share and headline earnings per share for 2023
Gemfields' two key operating assets, Kagem and MRM, generated revenues of USD 89.9 million and USD 151.4 million respectively in 2023 (2022: Kagem - USD 148.6 million; MRM - USD 166.7 million). The total auction revenues in 2023 is the second highest in the Group's history and indicated that the demand for coloured gemstones remains strong, despite having one less higher-quality emerald auction in the year.
Fabergé recorded revenues of USD 15.7 million (2022: USD 17.6 million) due to a softer luxury market.
A review of Gemfields' 6.54% shareholding in Sedibelo Resources Limited ("Sedibelo"), the South African platinum group metals ("PGM") mining company, has resulted in a fair value write-down of USD 28.0 million to USD 4.0 million. The write down of the asset reflects the reduced public market valuations for comparable PGM companies and the reduced operating and financial results for Sedibelo over the period. Sedibelo is non-core to the Gemfields business.
Gemfields is reasonably certain that, after taking this write-down into account, its net loss after tax1 will be USD 2.8 million for the year ended 31 December 2023 (2022: Net profit after tax - USD 74.3 million). In ZAR terms, the net loss after tax is expected to be ZAR 52 million (2022: Net profit after tax - ZAR 1,214 million). The loss is driven primarily by the Sedibelo unrealised non-cash write-down and the withdrawn higher-quality emerald auction, the production of which will be offered for sale in 2024, and is not a reflection on the overall strength of the Gemfields business.
Pérdida por acción2 is expected to be USDc 0.8 for the year (2022: Earnings per share - USDc 4.8). In ZAR terms, the loss per share is expected to be ZARc 15.4 (2022: Earnings per share - ZARc 78.3).
Pérdida general por acción2, which includes Sedibelo's fair value loss, is expected to be USDc 0.9 for the year (2022: Headline earnings per share - USDc 4.8). In ZAR terms, headline loss per share is expected to be ZARc 16.0 (2022: Headline earnings per share - ZARc 78.3).
Ganancias generales ajustadas por acción2, which excludes Sedibelo's fair value loss, is expected to be USDc 1.5 for the year (2022: USDc 5.2). In ZAR terms, headline earnings per share is expected to be ZARc 26.8 (2022: ZARc 85.5).
The Company's weighted average shares in issue in 2023 was 1,206,076,930 (Weighted average of 2022: 1,185,105,349).
The financial information upon which this trading statement is based has not been reviewed or reported on by the Company's auditors and are the responsibility of the Company's directors.
The Company's financial results for the year ended 31 December 2023 are expected to be released on SENS, RNS and the Company's website at 07:00am (UK) / 09:00am (South Africa) on Monday, 25 March 2024.
1 Net profit after tax is reported on a 100% basis for the current period (i.e. inclusive of the minority interest).
2 Per share metrics based on weighted average number of shares over the period and earnings are based on parent-only figures (i.e. exclusive of the minority interest).
Full year results shareholder and analyst webcast
There will be a shareholder and analyst webcast on Monday, 25 March 2024 at 09:00 am (UK) / 11:00 am (South Africa). Sean Gilbertson (CEO) and David Lovett (CFO) will present the Company's 2023 Full Year Results. The webcast will contain a telephone dial-in option. Questions will only be taken in writing via the webcast page. The Company will also accept questions received before the webcast via email to GME@dhr-rgv.com.
Los accionistas que deseen participar en el webcast deben registrarse a través del siguiente enlace: https://investorpresentations.co.za/gemfields/events/40-gemfields-group-limited-full-year-results-presentation.
Should you have any further queries with regards to the proceedings of the event, please contact Investor Relations (GME@dhr-rgv.com).
-FIN-
Puede encontrar más información sobre Gemfields Group Limited en:
GRUPOGEMFIELDS.COM
Para unirse a nuestra lista de correo de inversores, contáctenos en:
GME@dhr-rgv.com
Para cualquier consulta de prensa, contáctenos en:
GME@dhr-rgv.com
Este anuncio contiene información privilegiada a efectos del artículo 7 del Reglamento sobre abuso de mercado (UE) n. 596/2014, que forma parte de la legislación nacional del Reino Unido de conformidad con la ley de la Unión Europea (retirada) de 2018 ("MAR").
CONSULTAS
CAMPOS DE JOYAS | Sean Gilbertson/David Lovett/Ian Hughes GME@dhr-rgv.com |
PATROCINADOR (JSE) | Banco Investec Limited |
ASESOR NOMINADO | liberum |
PR / IR FINANCIERO | Camarco |
INFORMACIÓN ADICIONAL SOBRE GEMFIELDS
Gemfields es una empresa minera y comercializadora responsable de gemas de colores líder en el mundo. Gemfields es el operador y propietario del 75 % tanto de la mina de esmeraldas Kagem en Zambia (que se cree que es la mina de esmeraldas productora más grande del mundo) como de la mina de rubíes Montepuez en Mozambique (uno de los depósitos de rubíes recientemente descubiertos más importantes del mundo). Además, Gemfields también tiene participaciones mayoritarias en otras licencias de prospección y extracción de piedras preciosas en Zambia, Mozambique, Etiopía y Madagascar.
La propiedad absoluta de Fabergé por parte de Gemfields, una marca icónica y prestigiosa de herencia excepcional, permite a Gemfields optimizar el posicionamiento, la percepción y el conocimiento del consumidor de las gemas de colores a través de los diseños de Fabergé, promoviendo la visión de "mina y mercado" del grupo en general.
Gemfields ha desarrollado un sistema de clasificación patentado y una plataforma de subasta pionera para proporcionar un suministro constante de piedras preciosas de colores a los mercados posteriores, un componente clave del modelo de negocio de Gemfields que ha desempeñado un papel importante en el crecimiento del sector mundial de piedras preciosas de colores.
CAMPOS DE JOYAS
GEMFIELDS.COM | Inversionistas |SABIAS
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