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TERRACOM LIMITED — Earnings Release 2022
Aug 19, 2021
65910_rns_2021-08-19_078e40a5-2ebf-4e14-a0bf-f8669a6cd21e.pdf
Earnings Release
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TerraCom Limited Blair Athol Mine Access Road Clermont, Queensland, 4721 +61 7 4983 2038 ABN 35 143 533 537
20 August 2021
SOUTH AFRICA RESULT – JULY 2021
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South African operating EBITDA[1] A$11.0 million
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Total combined operating EBITDA[1] A$24.6 million
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Production and sales solid
TerraCom Limited ( TerraCom or Company ) is pleased to provide shareholders with the following financial result for the South African operations for the month of July 2021.
The operating EBITDA[1] from the South African Business Unit for the month of July 2021 was A$11.0 million. The operating EBITDA result was achieved from total coal sales of 614,000 tonnes[2] , comprising 547,000 domestic coal sales and 67,000 export coal sales.
COMBINED OPERATING EBITDA
Operating EBITDA[1 ] from the Australia and South Africa Business Units (including other equity holders) for the month was as follows:
| Australia | South Africa | |
|---|---|---|
| EBITDA (AUD $millions) | $13.6 | $11.0 |
| EBITDA (AUD$ / Sold Tonne) | $58.0 | $17.9 |
This announcement has been approved by the Board for release.
| Craig Ransley | Danny McCarthy |
|---|---|
| Executive Chairman | Managing Director |
| P +61 7 4983 2038 | P +61 7 4983 2038 |
About TerraCom Limited
TerraCom Limited (ASX: TER) is an emerging company originating as a resource explorer with a large portfolio of operating assets in Australia and South Africa. We are currently enacting a growth strategy towards delivering a Mid-Tier diversified operating and trading business and have global focus on the development of a high yielding diversified asset portfolio for its investors. To learn more about TerraCom visit terracomresources.com.
1 Non IFRS measure. Based on management accounts. The data presented represents 100% of the result from the South Africa Business Unit and therefore includes other equity holders, noting TerraCom’s equity interest in the operating mines is 49%. The data presented does not include the TerraCom corporate costs. 2 Refer TerraCom ASX Announcement dated 5 August 2021.
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