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Financial results for the half year ended 31 December 2020
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
18 February 2021
FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2020
Short Form Announcement
South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announces its financial results for
the half year ended 31 December 2020.
This statement includes the consolidated results of the South32 Group for the half year ended
31 December 2020 compared with the half year ended 31 December 2019 on a statutory basis.
Key Financials
Half year ended Half year ended
US$M 31 December 2020 31 December 2019 Change (%)
Revenue 2,943 3,216 (8%)
Ordinary dividend per share (US cents) 1.4 1.1 27%
Special dividend per share (US cents) - 1.1 N/A
In accordance with the JSE Listing Requirements, Headline Earnings is presented below.
US$M H1 FY21 H1 FY20 Change (%)
Profit/(loss) attributable to ordinary equity holders of 53 99
South32 Limited
Adjusted for
Loss/(gain) on disposal of property, plant and equipment - 1
Impairment losses 43 -
Re-measurements included in share of profit/(loss) of 4 -
equity accounted investments
Total tax benefit on the above items (13) -
Headline Earnings 87 100 (13%)
Diluted Headline Earnings 87 100 (13%)
Earnings per share denominator (millions) 4,815 4,941
Diluted earnings per share denominator (millions) 4,827 4,966
Headline Earnings from continuing operations
Headline Earnings per share (US cents) 1.8 2.0 (10%)
Diluted Headline Earnings per share (US cents) 1.8 2.0 (10%)
Headline Earnings
Headline Earnings per share (US cents) 1.8 2.0 (10%)
Diluted Headline Earnings per share (US cents) 1.8 2.0 (10%)
2021 Interim Dividend
The Board has resolved to pay an interim dividend of US 1.4 cents per share fully franked for the half
year ended 31 December 2020.
The record date for determining entitlements to dividends is 12 March 2021; payment date is
8 April 2021.
Dividends announced Dividend per share
Period (US cents) US$M Franking Pay-out ratio
H1 FY20 1.1 54 100% 41%
February 2020 special dividend 1.1 54 100% N/A
H2 FY20 1.0 48 100% 77%
H1 FY21 1.4 67 100% 49%
South32 shareholders registered on the South African branch register will not be able to dematerialise
or rematerialise their shareholdings between 10 and 12 March 2021 (both dates inclusive), nor will
transfers to/from the South African branch register be permitted between 4 March and 12 March 2021
(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 5 March 2021
Last day to trade cum dividend on the Johannesburg Stock Exchange 9 March 2021
(JSE)
Ex-dividend date on the JSE 10 March 2021
Ex-dividend date on the ASX and London Stock Exchange (LSE) 11 March 2021
Record date (including currency election date for ASX) 12 March 2021
Payment date 8 April 2021
About South32
South32 is a globally diversified mining and metals company. Our purpose is to make a difference by
developing natural resources, improving people’s lives now and for generations to come. We are
trusted by our owners and partners to realise the potential of their resources. 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. With a focus on growing our base metals
exposure, we also have two development options in North America and several partnerships with
junior explorers around the world.
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 the JSE at:
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/S32/HY21Result.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 Media Relations Media Relations
Alex Volante Rebecca Keenan Jenny White
T +61 8 9324 9029 T +61 8 9324 9364 T +44 20 7798 1773
M +61 403 328 408 M +61 402 087 055 M +44 7900 046 758
E Alex.Volante@south32.net 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
18 February 2021
Date: 18-02-2021 08:30:00
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