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Financial Results for the Half Year Ended 31 December 2019
South32 Limited
(Incorporated in Australia under the Corporations Act 2001)
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32 ADR: SOUHY
ISIN: AU000000S320
south32.net
FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2019
Short Form Announcement
South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announces its financial results for the half year ended 31 December
2019.
This statement includes the consolidated results of the South32 Group for the half year ended 31 December 2019 compared with
the half year ended 31 December 2018 on a statutory basis.
Key Financials
Half year ended Half year ended Change
US$M 31 December 2019 31 December 2018 (%)
Revenue 3,216 3,811 (16%)
Ordinary dividend per share 1.1 5.1 (78%)
(US cents)
Special dividend per share 1.1 1.7 (35%)
(US cents)
In accordance with the JSE Listing Requirements, Headline Earnings is presented below.
US$M H1 FY20 H1 FY19
Profit/(loss) attributable to ordinary equity holders of 99 635
South32 Limited
Adjusted for
Loss/(gain) on disposal of property, plant and equipment 1 -
Total tax benefit on the above items - -
Headline Earnings 100 635
Diluted Headline Earnings 100 635
Earnings per share denominator (millions) 4,941 5,079
Diluted earnings per share denominator (millions) 4,966 5,140
Headline Earnings from continuing operations
Headline Earnings per share (US cents) 2.0 12.5
Diluted Headline Earnings per share (US cents) 2.0 12.4
Headline Earnings
Headline Earnings per share (US cents) 2.0 12.5
Diluted Headline Earnings per share (US cents) 2.0 12.4
2020 Interim Dividend
The Board has resolved to pay an interim dividend of US 1.1 cents per share (fully franked) for the half year ended 31 December
2019 and a special dividend(note 1) of US 1.1 cents per share (fully franked).
The record date for determining entitlements to dividends is 6 March 2020; payment date is 2 April 2020.
Dividends announced Dividend per share
Period (US cents) US$M Franking Pay-out ratio
H1 FY19 5.1 258 100% 40%
February 2019 special dividend 1.7 86 100% n/a
H2 FY19 2.8 140 100% 40%
H1 FY20 1.1 54 100% 41%
February 2020 special dividend 1.1 54 100% n/a
South32 Limited shareholders registered on the South African branch register will not be able to dematerialise
or rematerialize their shareholdings between 4 and 6 March 2020 (both dates inclusive),nor will transfers to/from
the South African branch register be permitted between 27 February and 6 March 2020 (both dates inclusive).
Details of the current exchange rates applicable for the dividend will be announced to the relevant stock exchanges.
Further dividend information is available on our website (www.south32.net).
South32 American Depositary Receipts (ADRs) each represent five fully paid ordinary shares in South32 and ADR holders
will receive dividends accordingly, subject to the terms of the Depositary Agreement.
Dividends timetable Date
Announce currency conversion into rand 28 February 2020
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE) 3 March 2020
Ex-dividend date on the JSE 4 March 2020
Ex-dividend date on the ASX and London Stock Exchange (LSE) 5 March 2020
Record date (including currency election date for ASX) 6 March 2020
Payment date 2 April 2020
Note 1: Paragraph 16.26(i) of the Johannesburg Stock Exchange (JSE) listing rules states that the requisite exchange control
authority from the Financial Surveillance Department of the South African Reserve Bank (SARB) is required to be provided to
the JSE before the JSE can approve payment of special dividends to South African shareholders.
About South32
South32 is a globally diversified mining and metals company. We produce bauxite, alumina, aluminium, energy and metallurgical
coal, manganese, nickel, silver, lead and zinc at our operations in Australia, Southern Africa and South America. We are also
the owner of a high grade zinc, lead and silver development option in North America and have several partnerships with junior
explorers with a focus on base metals. Our purpose is to make a difference by developing natural resources, improving people’s
lives now and for generations to come, and to be trusted by our owners and partners to realise the potential of their resources.
Short Form Announcement
This short form announcement is the responsibility of the directors and represents a summary of the information in the full
announcement and does not contain full or complete details. Any investment decision by investors and/or shareholders should be
based on consideration of the full announcement.
The full announcement has been released on JSE
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/S32/HY20Result.pdf. It is also accessible on the Company’s website at
www.south32.net. Copies of the full announcement may be requested, at no charge, by contacting Investor Relations at
InvestorRelations@south32.net.
FURTHER INFORMATION
INVESTOR RELATIONS
Alex Volante Tom Gallop
T +61 8 9324 9029 T +61 8 9324 9030
M +61 403 328 408 M +61 439 353 948
E Alex.Volante@south32.net E Tom.Gallop@south32.net
MEDIA RELATIONS
Rebecca Keenan Jenny White
T +61 8 9324 9364 T +44 20 7798 1773
M +61 402 087 055 M +44 7900 046 758
E Rebecca.Keenan@south32.net E Jenny.White@south32.net
Further information on South32 can be found at www.south32.net.
JSE Sponsor: UBS South Africa (Pty) Ltd
13 February 2020
Date: 13-02-2020 08:30:00
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