Eskom Holdings
SOC Ltd
Standard Presentation
November 2015
Disclaimer
This presentation does not constitute or form part of and should not be construed as, an offer to sell, or the solicitation or
invitation of any offer to buy or subscribe for or underwrite or otherwise acquire, securities of Eskom Holdings SOC Limited
(“Eskom”), any holding company or any of its subsidiaries in any jurisdiction or any other person, nor an inducement to enter
into any investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied
on in connection with, any contract or commitment or investment decision whatsoever. This presentation does not constitute
a recommendation regarding any securities of Eskom or any other person.
Certain statements in this presentation regarding Eskom’s business operations may constitute “forward looking statements”.
All statements other than statements of historical fact included in this presentation, including, without limitation, those
regarding the financial position, business strategy, management plans and objectives for future operations of Eskom are
forward looking statements.
Forward-looking statements are not intended to be a guarantee of future results, but instead constitute Eskom’s current
expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions.
These assumptions include, but are not limited to continued normal levels of operating performance and electricity demand
in the Customer Services, Distribution and Transmission divisions and operational performance in the Generation and
Primary Energy divisions consistent with historical levels, and incremental capacity additions through the Group Capital
division at investment levels and rates of return consistent with prior experience, as well as achievements of planned
productivity improvements throughout the business activities.
Actual results could differ materially from those projected in any forward-looking statements due to risks, uncertainties and
other factors. Eskom neither intends to nor assumes any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
In preparation of this document certain publicly available data was used. While the sources used are generally regarded as
reliable the content has not been verified. Eskom does not accept any responsibility for using any such information.
2
Context of this presentation
• This presentation consists of a set of slides which provide an overview of Eskom and
are based on information contained in the November 2015 Interim Results Report.
Users are encouraged to add, delete or adapt slides to suit the requirements of their
particular presentation.
• Figures are quoted in rands (SA), unless otherwise indicated. The exchange rate
applied was that which applied at the end of the financial year (31 March 2015).
• The presentation is in a Power Point format and the design and colours have been
specifically selected to complement our corporate identity, and for legibility.
• Comments, suggestions or requests may be directed to the Corporate Affairs Division.
3
Content of the presentation
About Eskom
Business performance
Financial performance
Business update
4
About Eskom
• Strategic 100% state-owned
electricity utility, strongly supported by
the government
• Supplies approximately 95% of South
Africa’s electricity
• Performed 159 853 household
electrification connections during the
year
• As at 31 March 2015:
– 5.3 million customers (2014: 5.2
million)
– Net maximum generating capacity
of 42.0GW
– 17.4GW of new generation
capacity being built, of which
6.2GW already commissioned
– Approximately 368 331 km of
cables and power lines
– 41 787 employees in the group
(2014: 46 919)
Generation capacity – 31 March 2015
Hydro
Pumped Storage
1.4%
3.4%
4.4%
5.7%
Nuclear
Gas
Coal
42.0GW
of nominal
capacity
85.1%
Sustainability dimensions supporting our strategy
Our rapidly changing environment requires a response that will stabilise the business and
ensure sustainability
To execute our strategy and deliver on our mandate, we focus on eight sustainability dimensions:
• Core areas revolve around the tension between financial sustainability, operational sustainability,
revenue and customer sustainability and sustainable asset creation
• Beyond that, we also need to ensure a positive wider impact on the environment, the contribution to
a sustainable skills base, as well as to strategic transformation and social sustainability objectives
Safety and security are the foundation for all our operations and are key to our performance and
sustainability
6
Infrastructure map
7
Electricity value chain
8
Board of Directors
Chairman
Dr Ben Ngubane
Group Chief Executive
Brian Molefe
Chief Financial Officer
Anoj Singh
​
Independent non-executive Dr
Pat Naidoo
9
Independent non-executive
Chwayita Mabude
Independent non-executive
Mark Pamensky
Board of Directors
​
Independent nonexecutive
Venete Klein
Independent nonexecutive
Nazia Carrim
Independent nonexecutive
Viroshini Naidoo​
Independent nonexecutive Romeo
Kumalo
Independent nonexecutive
Mr Zethembe Khoza
Independent nonexecutive
Ms Mariam Cassim
10
Independent nonexecutive
Mr Giovanni
Leonardi
Executive Management Committee
Brian Molefe
Group Chief Executive
Mongezi Ntsokolo
Distribution
Anoj Singh
Chief Financial
Officer
Ayanda Noah
Customer Services
Thava Govender
Transmission
11
Executive Management Committee
Elsie Pule
Human Resources
(Acting)
Matshela Koko
Generation
Abram Masango
Group Capital
Freddy Ndou
Strategy Support
Brigadier General (Ret.)
Tebogo Rakau
Security
Suzanne Daniels
Company Secretary
12
Plant mix
Type
Coal-fired
Number of
stations
Number
of units
Nominal
capacity (MW)
Percentage to
total nominal
capacity
13
87
35 721
85.1%
Hydroelectric
6
16
600
1.4%
Pumped storage
2
6
1 400
3.3%
Nuclear
1
2
1 860
4.4%
Gas
4
20
2 409
5.7%
Wind
1
46
100
0.2%
27
124
42 090
100.0%
Total nominal capacity
13
Power stations
Station
Location
Coal-fired
stations (13)
Nominal
capacity
MW
Year fully
commissioned
35 721
Arnot
Middelburg,
Mpumalanga
2 232
1975
Camden
Ermelo
1 481
1967, mothballed in 1990,
recommissioned in 2008
Duvha
Emalahleni
3 450
1984
Grootvlei
Balfour
1 120
1969, mothballed in 1990,
recommissioned in 2009
Hendrina
Emalahleni
1 793
1976
Kendal
Emalahleni
3 840
1993
Komati
Middelburg,
Mpumalanga
904
1966, mothballed in 1990,
recommissioned in 2009
Kriel
Bethal
2 850
1979
Lethabo
Viljoensdrift
3 558
1990
Majuba
Volksrust
3 843
1996
Matimba
Lephalale
3 690
1993
Matla
Bethal
3 450
1983
Tutuka
Standerton
3 510
1990
Power stations
Station
Location
Gas/liquid fuel turbine
stations (4)
Nominal
capacity
MW
Year fully
commissioned
2409
Acacia
Cape Town
171
1976
Ankerlig
Atlantis
1 327
2007
Gourikwa
Mossel Bay
740
2007
Port Rex
East London
171
1976
Hydroelectric stations
(6)
600
Colley Wobbles
Mbashe River
42
First Falls
Umtata River
6
Gariep
Norvalspont
360
Ncora
Norvalspont
2
Second Falls
Umtata River
11
Vanderkloof
Petrusville
15
240
1985
1976
1977
Power stations
Station
Location
Pumped-storage (2)
Nominal capacity
MW
Year fully
commissioned
1 400
Drakensberg
Bergville
1 000
1981
Palmiet
Grabouw
400
1988
Lutzville
100
2015
Melkbosstrand
1 860
1984
Wind energy (2)
Sere
Nuclear (1)
Koeberg
16
Performance review
Performance overview 2014/15
• Net profit for the period increased by 22% to R11.3
billion
• Achieved 9% increase in EBITDA to R24.9 billion
• Cash flow from operations of R23 billion, a 13%
year-on-year increase
• R46 billion of the R55 billion funding for the year
secured which improved the liquidity position
• Received first tranche of R10 billion of government
equity injection, R13 billion expected by March
2016
• R60 billion Government loan converted to equity
• External auditors did not raise going concern
issues
• Only 2 hours and 20 minutes of load shedding over
the last 107 days, since 8 August 2015
18
Sales and revenue
• Electricity volumes continue to
decline (1.7% below prior year),
largely caused by:
o Sluggish economic growth
Electricity volumes by customer type1
Commercial and agricultural
Mining
14.4%, [+0.5%]
7.0%, [–]
Residential
Rail
5.6%, [+0.2%]
1.4%, [–]
International
5.6%, [+0.1%]
o Warmer winter
o Depressed commodity prices
Municipalities
Industrial
42.7%, [+0.6%]
23.3%, [-1.4%]
o Load shedding led to sales of
1 108GWh being foregone
Electricity revenue
82.68
Cents/kWh
64.89
1. Percentages reflect the sales proportions for the current period.
Percentages in brackets are for the change from the period to
30 September 2014.
Sep-12
68.97
Sep-13
74.00
Sep-14
Sep-15
19
Electricity sales
(as at 31 March 2015)
Electricity sales per customer, GWh
Category
2014/15
2013/14
Local
Redistributors
Residential
Commercial
Industrial
Mining
Agricultural
Rail
204 274
91 090
11 586
9 644
53 467
29 988
5 401
3 098
205 525
91 262
11 017
9 605
54 658
30 667
5 191
3 125
International
Utilities
End users across the border
12 000
2 797
9 203
216 274
12 378
3 401
8 977
217 903
20
Electricity output
(as at 31 March 2015)
2014/15
2013/14
2012/13
Power sent out by Eskom stations, GWh (net)
226 300
231 129
232 749
Coal-fired stations, GWh (net)
204 838
209 483
214 807
851
1 036
1 077
Pumped storage stations, GWh (net)
3 107
2 881
3 006
Gas turbine stations, GWh (net)
3 709
3 621
1 904
0
2
1
13 794
14 106
11 954
Electricity output
Hydroelectric stations, GWh (net)
Wind energy, GWh (net)
Nuclear power station, GWh (net)
21
Power lines
(as at 31 March 2015)
Transmission power lines, km
765 kV
533 kV DC (monopolar)
400 kV
275 kV
220 kV
132 kV
Distribution power lines, km
132 kV and higher
88-33 kV
Reticulation power lines, km
22 kV and lower
Underground cables, km
132 kV and higher
33 - 88 kV
22 kV and lower
Total all power lines, km
31 107
2 235
1 035
18 377
7 361
1 217
882
48 278
24 929
23 349
281 510
7 436
65
361
7 010
368 331
22
Progress on the new build programme
Megawatts
MW of capacity
261
120
100
794
7 031
5 756
Transmission
km lines
787.1
810.9
318.6
102.2
5 918
3 899
Substations
MVAs
3 790
2 090
1 120
3 580
20 195
Inception to
Mar-12
30 775
Mar-13
Mar-14
Mar-15
Sep-15
Total to date
23
We remain focused on bringing new capacity
online
P80 dates
CO = commercial operation
CO in Mar 2015
CO in Aug 2015
CO by Mar 2017
100
794
333
333
800
Aug 2015
Medupi Unit 6
Mar 2017
Ingula Unit 4
Jul 2017
Ingula Unit 1
Jul 2018
Kusile Unit 1
Mar 2015
Sere Wind Farm
CO by Jul 2018
CO by Jul 2017
5 620MW
Post MYPD 3
Mar 2015
Majuba recovery
Jan 2017
Ingula Unit 3
1200
333
CO by Jan 2017
600MW from Unit 3 gap
solution in Feb 2015
600MW from Unit 4 in
Mar 2015
Mar 2018
Medupi Unit 5
2019/20
Duvha Unit 3
333
794
600
CO by May 2017
CO by Mar 2018
Fully recovered
Project falls outside
MYPD3 window
May 2017
Ingula Unit 2
24
Environmental compliance is critical to our
sustainability
• Relative particulate emissions
performance has remained stable over the
last 4 years
Relative particulate emissions
kg/MWhSO
0.33
0.31
0.33
0.34
Sep-14
Sep-15
• Specific water consumption improved
slightly since prior period and year end
• Stations have reported 12 incidents under
NEMA Section 30, and operated under the
exemption for 5% of the time, highlighting
the challenge posed by Atmospheric
Emission Licences
• Limits on ashing storage space may
impact security of supply in future; being
addressed in technical plans
Sep-12
Sep-13
Specific water consumption
l/kWhSO
1.35
1.33
Sep-12
Sep-13
1.40
1.37
Sep-14
Sep-15
25
Environmental performance
(as at 31 March 2015)
Water
Specific water consumption, l/kWh sent out 3
Net raw water consumption, Ml
2014/15
1.38RA
313 078
2013/14
1.35RA
317 052
2012/13
1.42
334 275
Emissions
Carbon dioxide (CO2), Mt 4
223.4
233.3RA
227.9
Sulphur dioxide (SO2), kt 4
1 834
1 975RA
1 843
Nitrous oxide (N2O), t 4
2 919
2 969
2 980
Nitrogen oxide (NOx) as NO2, kt 5
Particulate emissions, kt
Relative particulate emissions, kg/MWh sent out 4
937
954RA
965
82.34
78.92RA
80.68
0.35RA
0.35
34.97RA
35.30
0.37RA
Waste
Ash produced, Mt
34.41
Ash sold, Mt
2.5
2.4
2.4
Ash (Recycled), %
7.3
7.0RA
6.8
Asbestos disposed, tons
26
991.0
458.0
374.6
Eskom’s socio-economic contribution
72.50
• Good performance against overall
B-BBEE compliant spend, and
maintained solid performance
spend on certain categories of
suppliers (black-owned and black
youth-owned suppliers)
Sep-12
• Eskom Development Foundation
committed R63.1 million which
benefited 49 867 beneficiaries
B-BBEE compliant spend
%
87.80
Sep-13
90.50
Sep-14
87.59
Sep-15
Number of electrification connections
Number
53 135
• We electrified a total of 41 778
households during the period
57 534
41 778
32 216
Sep-12
Sep-13
Sep-14
Sep-15
27
Procurement equity
(as at 31 March 2015)
2014/15
2013/14
2012/13
Local content contracted (Eskom-wide), %
25.13
40.80
─
Local content contracted (new build), %
33.62LA
54.60RA
80.20RA
BBBEE expenditure, R billion
120.5
125.4RA
103.4RA
8.9
9.6RA
5.7RA
47.5
43.6RA
26.47RA
0.9
1.3RA
1.20RA
Black women-owned expenditure, R billion
Black-owned expenditure, R billion
Black youth-owned expenditure, R billion
Procurement from B-BBEE compliant suppliers, %
88.89RA
93.90RA
86.30RA
Procurement from black-owned suppliers, %
34.91
32.70RA
22.10
Procurement from black women-owned suppliers, %
6.61
7.20RA
4.70RA
Procurement from black youth-owned suppliers, %
0.64LA
1.00RA
1.00
Procurement spend with qualifying small enterprises
(QSE) and exempted micro enterprises, % of TMPS
28
11.86
11.90
─
Financial review
Financial recovery continues, on the path to
financial sustainability
Financial performance
Key financial ratios
Net profit up 22%
to R11.3bn
EBITDA up 9% to
R24.9bn
EBITDA margin
sustained at 28%
Interest cover
declined to 1.31
from 1.40
Revenue up 8%
Primary energy
cost up 7.7%
Debt/equity
improved to 1.50
from 1.90
Gearing improved
to 60% from 66%
BPP savings
R8.9bn
Cash from
operations up
13% to R23bn
30
Financial sustainability
Electricity volumes and revenue
R million
110 766
Operating performance
GWh
110 659
36
109 168
71 878
Sep-12
Sep-13
Revenue
81 318
Sep-14
Sep-12
Sep-15
Sep-14
28
24 927
Sep-15
EBITDA margin
1.74
Sep-15
Debt raised to fund capital
%
66%
63%
60%
1.72
16 519
13 369
22 784
1.90
25 382
27 452
29 475
23 440
17 804
26 020
Capital outflows (excl capitalised borrowing costs)
28
Solvency
Ratio
64%
Sep-14
Sep-13
EBITDA
Sales volumes
R million
Sep-13
24 834
87 876
Funding our capital expenditure
Sep-12
32
107 307
26 158
76 924
%
R million
1.50
Sep-12
Sep-13
Debt/equity
Sep-14
Gearing
Sep-15
31
Income statement for period ended 30 September 2015
R million
Revenue
Other income
Primary energy
Employee benefit expense
Depreciation and amortisation
Other operating expenses
Profit before net fair value gain and net finance
cost
Net fair value (loss)/gain on financial instruments
Profit before net finance cost *
Net finance cost
Share of profit of equity-accounted investees, net of tax
Profit before tax
Income tax
Net profit for the period
Loss for the period from discontinued operations
Profit for the period
* EBITDA
Reviewed
period to
30 Sept
2015
Reviewed
period to
30 Sept
2014
YoY
% change
87 876
81 318
8%
1 369
642
113%
(40 999)
(38 065)
(8%)
(13 806)
(13 176)
(5%)
(7 609)
(6 672)
(14%)
(8 845)
(8 696)
(2%)
17 986
15 351
17%
(668)
761
17 318
16 112
8%
(3 498)
(3 149)
(11%)
28
33
(15%)
13 848
12 996
7%
(2 539)
(3 675)
31%
11 309
9 321
21%
–
(34)
11 309
9 287
22%
24 927
22 784
9%
32
Sales and revenue
• Electricity volumes continue to
decline (1.7% below prior year),
largely caused by:
o Sluggish economic growth
Electricity volumes by customer type1
Commercial and agricultural
Mining
14.4%, [+0.5%]
7.0%, [–]
Residential
Rail
5.6%, [+0.2%]
1.4%, [–]
International
o Warmer winter
5.6%, [+0.1%]
o Depressed commodity prices
Municipalities
o Load shedding led to sales of 1
108GWh being foregone
Industrial
42.7%, [+0.6%]
23.3%, [-1.4%]
Electricity revenue
82.68
Cents/kWh
64.89
1. Percentages reflect the sales proportions for the current
period. Percentages in brackets are for the change from the
period to
30 September 2014.
Sep-12
68.97
Sep-13
74.00
Sep-14
Sep-15
33
Operating expenses under control
• Overall increase of 7% in operating expenses
compared to the previous period
Operating expenses
R million
• Primary energy expenses increased by 7.7%
year-on-year
• Employee benefit expenses increased by
only 4.8% for the period
• Maintenance cost increased by 11.2% due to
our strategy to perform more planned
maintenance
• Other operating expenses showed a 4.2%
decline, due to cost-savings and efficiency
initiatives under the BPP programme
• Impairment on arrear debt normalised to
1.15% of revenue (September 2014: 0.92%)
6 031
4 500
4 722
3 293
6 500
5 920
5 356
3 340
6 672
13 176
5 130
3 715
7 609
13 806
12 989
11 628
24 973
Sep-12
31 266
Sep-13
38 065
40 999
Sep-14
Sep-15
Other operating expenses, including impairments (down
4.2%)
Repairs and maintenance (up 11.2%)
Depreciation and amortisation expense (up 14%)
Employee benefit expense (up 4.8%)
Primary energy (up 7.7%)
34
Primary energy costs
Primary energy cost increased by only 7.7% year-on-year
Primary energy cost breakdown
Production source
R million
IPPs Other
Imports 3% 2%
4%
OCGT fuel
3%
Nuclear fuel
5%
Environmental
levy, 10%
Other, 0%
IPPs, 16%
Coal, 52%
Imports, 5%
Coal
83%
OCGT fuel, 16%
Nuclear fuel, 1%
35
Financial position
Growth in property, plant and equipment (PPE) funded by debt raised
R million
Reviewed
30 Sept
2015
Reviewed
30 Sept
2014
YoY %
change
486 730
432 375
13%
24 104
22 609
7%
43 753
36 986
18%
Other assets
63 534
42 364
50%
Total assets
618 121
534 334
16%
Equity 1
175 717
128 412
37%
Debt securities and borrowings
297 449
264 915
12%
Working capital
49 330
44 539
11%
Other liabilities
95 625
96 468
(1%)
Total liabilities
442 404
405 922
9%
Total equity and liabilities
618 121
PPE and intangible assets
Liquid assets (including cash and cash
equivalents)
Working capital
534 334
16%
1. Balance includes the R10 billion equity injection and conversion of the R60 billion shareholder loan to
equity.
36
Arrear debt and debtors ageing
Arrear municipal debt (excluding interest)
• Payment agreements signed with
50 defaulting municipalities, including
15 of the top 20
R billion
12 000
10 000
• Approximately 52% of the amount
outstanding from municipalities is
within the due date
8 000
6 000
4 000
2 000
-
Mar-14
Sep-14
Total municipal debt
Mar-15
Sep-15
Total arrear debt
Electricity debtors age analysis, R million
Total
0-30 days
31-60 days
> 60 days
8 164
7 795
96
273
11 660
6 759
2 677
2 224
Small power users
1 669
608
165
896
Soweto
9 761
294
269
9 198
Other customers
1 005
1 002
3
1
32 260
16 458
58%
3 210
4%
12 592
38%
Large power users, excluding municipalities
Large power users, municipalities
Total at 30 September 2015, gross amount
% of gross amount
100%
37
Abridged cash flow statement
Reviewed
30 Sept
2015
Restated
Reviewed
30 Sept
2014
YoY %
change
23 040
20 368
13%
(26 518)
(26 498)
–
Net cash from/(used in) financing activities
7 430
(625)
1 189%
Movement for the period
3 952
(6 755)
8 863*
19 676**
(55%)
(5)
36
17
15
(129%)
140%
12 846
12 953
(1%)
24 104
22 609
7%
R million
Net cash from operating activities
Net cash used in investing activities
Cash and cash equivalents at beginning of the period
Foreign currency translation
Effect of movements in exchange rates on cash held
Cash and cash equivalents at the end of the
period
Total liquid assets (including cash and cash
equivalents)
* As at 31 March 2015
** As at 31 March 2014
38
Through adequate funding, we maintained
operations and capital commitments
R million
23 040
(5 594)
(10 503)
10 000
24 302
(2 298)
(24 419)
24 104
17 359
24 104
16 519
8 863
(117)
Mar-15
Liquid assets
Cash
generated
from
operating
activities
Debt repaid
Interest paid Balance before
Capital
Balance before
investing
expenditure
funding
(incl future
fuel)
Funding
raised
Share capital
issued
Other
Sep-15
Liquid assets
39
Operating performance
Generation fleet performance starting to
stabilise
• There has been an increase in planned
maintenance and Generation implemented the
Tetris maintenance planning tool supporting
the execution of more planned maintenance
without load shedding
Planned maintenance (PCLF)
%
13.33
7.86
8.73
8.96
Sep-13
Sep-14
• Plant availability (EAF) has improved to
74.4% as on 16 November 2015 due to the
positive impact of planned maintenance
• Balancing supply and demand remained a
challenge for the first quarter of the financial
period. The second quarter showed significant
improvement with only 2 hours and 20 minutes
of load shedding from 8 August until 30
September 2015
Sep-12
Sep-15
Plant availability (EAF)
%
81.18
78.42
76.77
Sep-13*
Sep-14*
70.39
74.40
• System stability has improved since August
2015
• Partial load losses have reduced easing
pressure on the constrained power system
Sep-12*
• Plant utilisation remains high at 84.77%
* = average for the period
Sep-15*
on 16-Nov
41
Securing Eskom’s resource requirements
Coal stock days
57
53
Sep-12
• The interim solution after the collapse of the
main coal silo at Majuba Power Station has
been completed; work has commenced on a
permanent solution
46
44
Sep-13
Sep-14
• A total of 57.27Mt of coal burnt during the
period
Sep-15
• Migration of coal deliveries from road to rail
slightly below prior year due to tippler
problems at Majuba
Road-to-rail migration
Mt
6.57
5.00
Sep-12
6.21
5.40
Sep-13
Sep-14
Sep-15
42
Supplementary supply adds to generation capacity
Energy purchases from IPPs
GWh
3 998
2 665
1 685
Sep-12
• A total of 5 817MW contracted with IPPs, of
which 3 900MW under DoE’s RE-IPP programme
1 866
Sep-13
• 3 267MW of independent power producers (IPPs)
(2 021MW RE-IPPs and 1 246MW other)
connected to the grid at an average load factor
of 28.5%
Sep-14
Sep-15
OCGT production
GWh
2 961
• Bid quotes for window 3.5 and 4.1 bid issued to
IPPs
• Dispatchable load of 1 463MW is available under
the demand response programme, assisting in
balancing supply and demand
• Open-cycle gas turbine (OCGT - diesel) is still
being used to supplement generation capacity
1 206
1 164
Sep-13
Sep-14
417
Sep-12
Sep-15
• Balancing supply and demand remained a
challenge for the first quarter of the financial
period. The second quarter showed significant
improvement with only 2 hours and 20 minutes of
load shedding from 8 August until 30 September
2015
43
Safety and security are central to our overall
performance
LTIR performance
• Lost-time injury rate (LTIR) performance
worsened slightly compared to the prior period
0.40
0.35
Sep-12
Sep-13
0.36
0.32
Sep-14
Sep-15
2
8
2
1
10
23
7
Sep-12
Sep-13
Public
Contractors
• Public fatalities, mainly from electrical contact
and motor vehicle accidents, remain a key focus
area
• Implementation of a strategic response to the
2014 Construction Regulations, which imposed
additional safety compliance responsibilities, is in
progress
Fatalities
1
• The number of fatalities – employee, contractor
and public – have increased against the prior
period, and remain unacceptably high
6
9
10
10
Sep-14
Sep-15
Employees
44
Internal transformation and skills development
• 783 temporary employees were permanently
appointed in line with the requirements of the
Labour Relations Act amendments
• Racial and gender equity at senior, middle
management and professional levels show
significant progress over the past five years
• We continue to contribute to building skills in
South Africa, through our learner pipeline, job
creation under the new build programme and
other skills development initiatives
Headcount (including FTCs)
Number
46 624
46 370
46 687
Sep-13
Sep-14
Sep-15
44 913
Sep-12
Number of learners
2 518
2 040
733
2 000
822
2 042
808
908
2 052
2 269
1 817
Sep-12
Sep-13
Sep-14
Engineering learners
Technician learners
1 268
Sep-15
Artisan learners
45
Conclusion
The way forward…
• Eskom is driving several initiatives to ensure its turnaround
• Cost efficiencies are targeted, particularly through lower coal
cost escalation
• Our liquidity position improved, through funding raised and the
equity injection by the shareholder
• We remain focused on delivering on our capital expansion
programme
• We will continue to supply the country’s electricity and maintain
our plant – no load shedding is anticipated
47
Thank you