Sibanye Stillwater (SBSW) Corporate presentation summary

Strategic vision and business model

• Focus on creating a high-performing, future-focused metals business with a simplified portfolio and disciplined capital allocation to drive shareholder returns and sustainability.

• Strategy prioritizes operational excellence, safe production, resource optimization, and embedding sustainability across people, planet, prosperity, and governance.

• Emphasis on delivering value-accretive growth, especially in commodities enabling the energy transition, and leveraging competitive advantages in select geographies.

• Operating model is streamlined into two focused operational areas (Southern Africa and International/Recycling), supported by centralized group services and specialized expertise.

• Business ethos is rooted in stakeholder primacy, symbolized by the Umdoni tree, with shared value creation for employees, communities, shareholders, and the environment.

Global footprint and diversified portfolio

• Operations, projects, and investments span five continents, with significant assets in South Africa, the US, Europe, and Australia.

• One of the world's largest producers of platinum, palladium, rhodium, and a top-tier gold and cobalt producer.

• Revenue in 2025 was R129.7bn (US$7.3bn), with 72,673 total workforce and a market cap of R151.7bn (US$9.2bn) as of April 2025.

• Product mix includes PGMs, gold, chrome, zinc, battery metals, and significant exposure to recycling and tailings reprocessing.

• Key projects include Keliber lithium (Finland), Sandouville nickel (France), Century zinc (Australia), and extensive recycling operations in the US.

Products, markets, and value chain

• SA PGM operations produce platinum, palladium, rhodium, gold, and by-products like iridium, ruthenium, chrome, copper, and nickel.

• US PGM operations focus on palladium and platinum, with robust recycling of PGMs and other metals.

• Keliber project targets lithium hydroxide for the European EV market; Century operation focuses on zinc tailings retreatment.

• PGMs are sold globally for use in autocatalysts, jewelry, chemical, glass, electrical, and medical industries.

• Gold is refined to high purity and sold to international bullion banks, with demand driven by jewelry, central banks, technology, and investment.