CEC 24th AGM – Transcript of Proceedings

Disclaimer:
The following transcript of proceedings of the 24th Annual General Meeting (AGM) held on 27 April 2022 is being delivered uncertified by Copperbelt Energy Corporation Plc (CEC).

The information in this transcript is for general information only. It should not be used as a substitute for specific and professional advice. Responsibility is disclaimed for any inaccuracies, errors or omissions. All expressions of opinion or advice are published on the basis that they are not to be regarded as expressing the official opinion of Copperbelt Energy Corporation Plc unless expressly stated. CEC accepts no responsibility for the accuracy of the opinions of information contained in this transcript.

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CEC 24th AGM – Transcript of the Auditor’s Presentation

Disclaimer:
The following transcript of proceedings of the 24th Annual General Meeting (AGM) held on 27 April 2022 is being delivered uncertified by Copperbelt Energy Corporation Plc (CEC).

The information in this transcript is for general information only. It should not be used as a substitute for specific and professional advice. Responsibility is disclaimed for any inaccuracies, errors or omissions. All expressions of opinion or advice are published on the basis that they are not to be regarded as expressing the official opinion of Copperbelt Energy Corporation Plc unless expressly stated. CEC accepts no responsibility for the accuracy of the opinions of information contained in this transcript.

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CEC 24th AGM – Transcript of Management Presentation on Operations and Finance

Disclaimer:
The following transcript of proceedings of the 24th Annual General Meeting (AGM) held on 27 April 2022 is being delivered uncertified by Copperbelt Energy Corporation Plc (CEC).

The information in this transcript is for general information only. It should not be used as a substitute for specific and professional advice. Responsibility is disclaimed for any inaccuracies, errors or omissions. All expressions of opinion or advice are published on the basis that they are not to be regarded as expressing the official opinion of Copperbelt Energy Corporation Plc unless expressly stated. CEC accepts no responsibility for the accuracy of the opinions of information contained in this transcript.

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CEC 24th AGM – Transcript of the Q and A Session

Disclaimer:
The following transcript of proceedings of the 24th Annual General Meeting (AGM) held on 27 April 2022 is being delivered uncertified by Copperbelt Energy Corporation Plc (CEC).

The information in this transcript is for general information only. It should not be used as a substitute for specific and professional advice. Responsibility is disclaimed for any inaccuracies, errors or omissions. All expressions of opinion or advice are published on the basis that they are not to be regarded as expressing the official opinion of Copperbelt Energy Corporation Plc unless expressly stated. CEC accepts no responsibility for the accuracy of the opinions of information contained in this transcript.

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CEC – Annual Report (2020)

The annual report is the principal official communication in the relevant period to our stakeholder groups who include our shareholders, customers, communities and business partners. It concisely and adequately summarises key outcomes covering our people, stakeholders, governance, operations and financial performance.

This report, for the period 1st January to 31st December 2020, reviews the many different aspects of our business from both a strategic and operational perspective; integrating all material aspects of the business and demonstrating sustainable value creation.

The report provides an interconnected performance review of the business, enabling an appreciation of the underpinning strategy, the reasons and the actions driving that strategy. The business model of CEC is explained to show how revenue is created as are the operations forming the heart of the business for an appreciation of the Company’s value proposition and longevity. CEC’s governance structures support the delivery of its strategic objectives, and implementation of its vision and mission. Hence, a substantial portion of the report is given to matters of governance and leadership.

The report is organized in parts, for ease of reference, starting with notable highlights, led by the our Chairman of the Board of Directors. The strategic and operational performance section opens with a message from the Managing Director and covers our people performance, health and environment, operations, social and stakeholder performance. The Chief Financial Officer’s report
leads the financial performance section of this report.

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CEC – Annual Report (2021)

The annual report is the principal official communication in the relevant financial period to our stakeholder groups who include our shareholders, customers, employees, communities and business partners. It concisely and adequately summarises key outcomes covering our people, stakeholders, governance, operations and financial performance.

This report, for the period 1 January to 31 December 2021, reviews the many different aspects of our business from both a strategic and operational perspective; integrating all material aspects of the business and demonstrating sustainable value creation.

The report provides an interconnected performance review of the business, enabling an appreciation of the underpinning strategy, the reasons and the actions driving that strategy. The business model of CEC is explained to show how revenue is created as are the operations forming the heart of the business for an appreciation of the Company’s value proposition and longevity. CEC’s governance structures support the delivery of its strategic objectives, and implementation of its vision and mission. Hence, a substantial portion of the report is given to matters of governance and leadership.

The report is organized in parts, for ease of reference, starting with notable highlights, led by our Chairman of the Board of Directors. The strategic and operational performance section opens with a message from the Managing Director and covers our people performance, health and environment, operations, commercial, social and stakeholder performance. The Chief Financial Officer’s report leads the financial performance section of this report, which also details performance through the different annual financial statements.

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Investrust Plc Extract from 2019 Annual Report

Investrust Bank Plc (“Investrust”) recorded a 40.4% decrease in interest income to ZMW88.33 million during the year ended 31st December 2018 (2017: ZMW148.1 million). Total operating
expenses increased by 5.2% on a year-on-year basis to ZMW157.40 million (2017: ZMW149.65 million). During the year under review, the bank recorded a loss of ZMW109.19 million (2017: ZMW38.00 million net loss).

For the period under review, ZCCM-IH successfully increased its shareholding from 45.4% to 71.4%. As a strategic investor, ZCCM-IH is currently driving a strategy to restructure and recapitalize the Bank.

The Bank’s share price on the LuSE closed the period under review at ZMW12.0 (2017: ZMW13.50).

There were no dividends declared during the financial year ended 31st December 2018 (2017: Nil).

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METS Extract from 2019 Annual Report

Misenge Environmental and Technical Services Limited (METS) earned a total of ZMW8.8 million (audited) as revenue for the year ended 31 March 2019 (2018: ZMW5.48 million). Of
the revenue, ZMW6.4 million was realised from recurring services to ZCCM-IH (2018: ZMW4.6 million) and ZMW2.4 million was from non ZCCM-IH sources (2018: ZMW0.88 million). METS recorded a net loss of ZMW2.5 million (2018: ZMW1.9 million loss).

METS continued its drive towards increasing third party business by taking part in several bids throughout the year.

There were no dividends declared during the year under review (2018: Nil).

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