Financial results for the year ended 30 June 2020 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
20 August 2020
FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2020
Short Form Announcement
South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announces its financial results for
the year ended 30 June 2020.
This statement includes the consolidated results of the South32 Group for the year ended 30 June
2020 compared with the year ended 30 June 2019 on a statutory basis.
Key Financials
Year ended Year ended Change
US$M 30 June 2020 30 June 2019 (%)
Revenue 6,075 7,274 (16%)
Ordinary dividend per share 2.1 7.9 (73%)
(US cents)
Special dividend per share 1.1 1.7 (35%)
(US cents)
In accordance with the JSE Listing Requirements, Headline Earnings is presented below.
Change
US$M FY20 FY19 (%)
Profit/(loss) attributable to ordinary equity (65) 389
holders of South32 Limited
Adjusted for
Loss on disposal of property, plant and equipment 1 -
Impairment losses - 504
Re-measurements included in share of profit/(loss) 88 -
of equity accounted investments
Re-measurements included in (profit)/loss relating - (2)
to investment property
Total tax benefit on the above items - (25)
Headline Earnings 24 866 (97%)
Diluted Headline Earnings 24 866 (97%)
Earnings per share denominator (millions) 4,892 5,048
Diluted earnings per share denominator (millions) 4,892 5,105
Headline Earnings from continuing operations
Headline Earnings per share (US cents) 0.5 17.2 (97%)
Diluted Headline Earnings per share (US cents) 0.5 17.0 (97%)
Headline Earnings FY20 FY19 Change
(%)
Headline Earnings per share (US cents) 0.5 17.2 (97%)
Diluted Headline Earnings per share (US cents) 0.5 17.0 (97%)
2020 Final Dividend
The Board has resolved to pay a final dividend of US 1 cent per share (fully franked) for the year
ended 30 June 2020.
The record date for determining entitlements to dividends is 11 September 2020; payment date is
8 October 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
H2 FY20 1.0 48 100% 77%
South32 shareholders registered on the South African branch register will not be able to dematerialise
or rematerialise their shareholdings between 9 and 11 September 2020 (both dates inclusive), nor will
transfers to/from the South African branch register be permitted between 4 and 11 September 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 by 11am (JSE) 7 September 2020
Last day to trade cum dividend on the Johannesburg Stock Exchange 8 September 2020
(JSE)
Ex-dividend date on the JSE 9 September 2020
Ex-dividend date on the ASX and London Stock Exchange (LSE) 10 September 2020
Record date (including currency election date for ASX) 11 September 2020
Payment date 8 October 2020
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 JSE
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/S32/Results20.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
20 August 2020
Date: 20-08-2020 08:30:00
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