prPeRsEsSrSeRleEaLsEeASE
Results on 30 June 2018
Top performers
Consolidation of revenues and improvement of operating income in a context of favourable metal prices
and launch
A degradation of the results of SMI's Silver activity, fully compensated by well-oriented mining activities offorTothheremectalss r index
Managem's Board of Directors met on 14 September 2018 under the chairmanship of Mr. Imad TOUMI, and approved the accounts closed on 30/06/2018:
◆
mCOaNnaSgOeLmIDhAaTsEbDeRenESseUlLeTcSteOdNin3t0heJUNE 2018 esG 10, the new csr index for the
Managem obtained excellent results in the 1st half of 2018 and improved its operating income, thus casablanca stock exchange.
compensating the decline in production of its subsidiary SMI.
◆ maSntaabgiliesamtioannodf rsevmeni urescaetivMeAaDw2a,4rd74s mfoilrlion, thanks to the strong contribution of the Copper and
Cobalt activities, representing 54% of consolidated revenues the 5th year of "csr Top performers"
Consolidation of the Gross Operating Surplus at MAD 879 million thanks to the conrmation of the sound foundations of the Copper activity and the strengthening of the global production of Cobalt
GROSS OPERATING SURPLUS
ManagnedmZinhca.sDrreivceenivbeyd tahneostihgneircaacnctoilnacdrea. sTehseinGmroeutapl hpraicsebs,etehnesseealecctitveitdiesouhtavoef Mseoernotchceoir'sovtoerpal4l 4 large cap companies, to rank in the 10 TocponPtreibrufotiromneinrcsreoafstehbeyC2S3Rpionindtesxto:Creascahb8la5n%caofEthSeGco1n0s.oAlidsaateldisgterodsscopmepraatinyg, stuhripsluinsd. ex gives Managem a genuine edge, in terms of visibiAlinty1i1n%binocthreMasoerionctchoe aonpderatbinrgoaindc.ome with respect to the operating income of the 1st half of 2017 reprocessed to take account of the Pumpi operation.
LaunAch4e0d%oincTrehausresdinayn2a7ncSiaelprteesmulbtsetrhbaynkths etoCaassiganbilacnacnatrSetdouccktioEnxcGhroaunpgedeabntdofit3s0p%a.rtner Vigeo Eiris, the theme-basedCasablancaESG 10 index calculates the real-time stock market performance of socially responsible companies, listed on the Casablanca Stock Exchange.
our CSR strategy while presenting us with the challenge of maintaining our ranking as a sustainable development leader," says Zakaria Rbii, ExTechuistivsetroDnirgecptrorgoref sHsuiomnaisn rReepsreosuercnetast,ivSeusotfatihneabGleroDuepv'seloppemraetniotnaanldanGdrounpanCcoiaml mpeurnfoicrmataionncse. and its resilience with respect to the drop in earnings of its subsidiary, SMI.
"Our CSR commitment is an integral part of our DNA and of our Human Capital. We are proud to be part of the ESG10index as it validates from the Pumpi operation.
The Net Income, Group Share amounts to MAD 231 million, representing an increase of +151% with respect to net income, group share of the rst half of 2017 reprocessed to take into account the gains
OPERATING INCOME
The CSR efforts of Managem and of its SMI subsidiary were also recognized for the 5th consecutive year, by their ranking among the 2018 Top
Reprocessed
Performers.
THE GROUP'S MAIN ACHIEVEMENTS
operating income*
Managem therefore has multiple CSR labels and certifications which recognize its commitment to promote its Sustainable Development policy
The rst half of the year was marked by signicant progress in the rolling out of the developmentstrategy focused on prospecting and the exploitation of high added value projects, and in particular: and its sustained R&D investments.
FINANCIAL RESULTS
Finalisation of the feasibility study for the TRI-K Gold project in Guinea, which conrms the certication
of over 1 million ounces of gold reserves. As a CSR pioneer in Morocco, Managem Group developed a structured and formal frameworkInitiation of a project to extend the Cobalt cathofoder itpsroSduusctatiionnabwleorDkeshveolpoptomiennctrepaosliecythneeaprrloyctesnsyinegars ago and began observing non-financial
capacity by 20%.
rating requirements at a very early stage. The Group has recently renewed its CSR charter to
Pursuit of the work to build a new CIL plant in Suredflaencwt tithhethnewgodael voefldoopumbelingtsthaendcucrhreanlltepnrgoedsucintiosnustainable development issues.
capacity by the end of 2018.
Start of civil engineering work to build a new indusMtraianlalignemforGthroeupprohceasspinlgacoef dSMsuI's tsailivnearbrlesideuvees.lopmentNaEt TthIeNCheOaMrtEo,fGitRs OstUraPteSgHy, AbRy Efully embracing the CSR orientations and priorities of its main shareholder, Al Mada - Positive
Opening of the Koudiat Aicha multi-metal mine with an objective of 120K mixed-grade tonnes/year;
Impact. Managem will continue to be a socially responsible player inthepursuit of its 2020
Progress of exploration work and the feasibility study for the Tizert Copper project in Morocco.
vision: Becoming a regional and diversified leader through sustainable and responsible growth.
PERSPECTIVES
The second half of 2018 will be marked by signicant progress in the Group's Gold strategy through abtohuetVniagliesoateioinrisof the partnership agreement with AVOCET Mining on the TRI-K project allowing an
increase in its JV shareholding to 70%.
As a specialist in CSR assessments for organizations, Vigeo rates the performances of more than 2,500 organizations. Its assessments, which are
Reprocessed net income,Group share*
considered as international benchmarks, are distributed to more than 300 investments funds and professional fund managers involved in socially
Managem intends to continue the deployment of its growth strategy in Morocco and internationally,
responsible investment approaches.
with the aim of building a balanced and diversied portfolio.
(*) Reprocessing to take account of the Pumpi sale
Twin center, Tower a, intersection of the Zerktouni and al massira al Khadra Boulevards, Bp 5199, casablanca pTheoln.:e0:50522 2959566556655--Ffax: 05 22 95566446644- -eEmmaial:ilm:manaangaegmem@@mmanaangaegmemgrgoruopu.pc.ocomm- -WWebesbisteit:ew:www.m.manaangaegmemgrgoruopu.pc.ocomm
Twin Center, Tour A, intersection of the Zerktouni and Al Massira Al Khadra Boulevards, BP 5199, Casablanca
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Managem SA published this content on 05 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 October 2018 16:32:17 UTC