Financial results for the year ended 30 June 2021
Short form announcement
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
19 August 2021
FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2021
Short Form Announcement
South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announces its financial results for the
year ended 30 June 2021.
This statement includes the consolidated results of the South32 Group for the year ended 30 June 2021
compared with the year ended 30 June 2020 on a statutory basis.
Key Financials
Year ended
Year ended 30 June 2020 Change
US$M 30 June 2021 Restated(1) (%)
Revenue from continuing operations 5,476 5,010 9.3%
Ordinary dividend per share (US cents) 4.9 2.1 133%
Special dividend per share (US cents) 2.0 1.1 82%
In accordance with the JSE Listing Requirements, Headline Earnings is presented below.
FY21 FY20
Restated(1)
US$M
Loss attributable to ordinary equity holders of South32 Limited (195) (65)
Adjusted for
(Gain)/loss on disposal of property, plant and equipment and intangibles (58) 1
Loss on disposal of a discontinued operation 159 -
Impairment losses 772 -
Re-measurements included in share of profit of equity accounted 5 88
investments
Total tax benefit on the above items (231) -
Headline Earnings 452 24
Diluted Headline Earnings 452 24
Earnings per share denominator (millions) 4,771 4,892
Diluted earnings per share denominator (millions) 4,785 4,904
Headline Earnings per share
Headline Earnings per share (US cents) 9.5 0.5
Diluted Headline Earnings per share (US cents) 9.4 0.5
(1) Refer to the Discontinued Operation section of the Financial Results and Outlook Year Ended 30 June 2021.
2021 Final Dividend
The Board has resolved to pay a final dividend of US 3.5 cent per share (fully franked) for the year
ended 30 June 2020, and a special dividend of US 2.0 cent per share (fully franked).
The record date for determining entitlements to dividends is 10 September 2021; payment date is
7 October 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%
H2 FY21 3.5 164 100% 46%
August 2021 special dividend 2.0 93 100% n/a
South32 shareholders registered on the South African branch register will not be able to dematerialise
or rematerialise their shareholdings between 8 and 10 September 2021 (both dates inclusive), nor will
transfers to/from the South African branch register be permitted between 3 and 10 September 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 by 11am (JSE) 6 September 2021
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE) 7 September 2021
Ex-dividend date on the JSE 8 September 2021
Ex-dividend date on the ASX and London Stock Exchange (LSE) 9 September 2021
Record date (including currency election date for ASX) 10 September 2021
Payment date 7 October 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, 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 JSE
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/S32/Results21.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
Tom Gallop Miles Godfrey Jenny White
T +61 8 9324 9030 M +61 415 325 906 T +44 20 7798 1773
M +61 439 353 948 E Miles.Godfrey@south32.net M +44 7900 046 758
E Tom.Gallop@south32.net E Jenny.White@south32.net
Further information on South32 can be found at www.south32.net.
Approved for release by Graham Kerr, Chief Executive Officer
JSE Sponsor: UBS South Africa (Pty) Ltd
19 August 2021
Date: 19-08-2021 08:30:00
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