Enhanced Investments - Financial Portal

Financial results for the year ended 30 June 2022

Published: 2022-08-25 08:15:54 ET

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


25 August 2022


FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2022
Short Form Announcement

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announces its financial results for the year ended
30 June 2022.

This statement includes the consolidated results of the South32 Group for the year ended 30 June 2022
compared with the year ended 30 June 2021.

Key Financials

                                                          Year ended        Year ended
US$M                                                     30 June 2022      30 June 2021            Change (%)
Revenue from continuing operations                             9,269              5,476                  69%
Ordinary dividend per share (US cents)                           22.7                4.9                363%
Special dividend per share (US cents)                             3.0                2.0                 50%

In accordance with the JSE Listing Requirements, Headline Earnings is presented below.

US$M                                                                                       FY22         FY21
Profit/(loss) attributable to ordinary equity holders of South32 Limited                   2,669        (195)
Adjusted for
(Gain)/loss on disposal of property, plant and equipment and intangibles                      3          (58)
(Gain)/loss on disposal of a discontinued operation                                            -         159
Recognised gain from bargain purchase                                                        (9)            -
Net impairment loss/(reversal) of non-financial assets                                      145          772
Re-measurements included in share of profit/(loss) of equity accounted                         -           5
investments
Total tax expense/(benefit) on the above items                                              (42)        (231)
Headline Earnings                                                                          2,766         452
Diluted Headline Earnings                                                                  2,766         452
Earnings per share denominator (millions)                                                  4,647        4,771
Diluted earnings per share denominator (millions)                                          4,679        4,785
Headline Earnings per share
Headline Earnings per share (US cents)                                                      59.5          9.5
Diluted Headline Earnings per share (US cents)                                              59.1          9.4
2022 Final Dividend

The Board has resolved to pay a final dividend of US 14.0 cents per share (fully franked) for the year ended 30
June 2022, and a special dividend of US 3.0 cents per share (fully franked).

South African Reserve Bank (SARB) approval in respect of the special dividend will be sought.

The record date for determining entitlements to dividends is 16 September 2022; payment date is 13 October
2022.

Dividends announced                         Dividend per share
Period                                              (US cents)         US$M          Franking       Pay-out ratio
H1 FY21                                                     1.4            67           100%                49%
H2 FY21                                                     3.5           164           100%                46%
August 2021 special dividend                                2.0            93           100%                 N/A
H1 FY22                                                     8.7           405           100%                40%
H2 FY22                                                    14.0           648           100%                41%
August 2022 special dividend                                3.0           139           100%                 N/A


South32 Limited shareholders registered on the South African branch register will not be able to dematerialise
or rematerialise their shareholdings between 14 September 2022 and 16 September 2022 (both dates inclusive),
nor will transfers to/from the South African branch register be permitted between 9 September 2022 and 16
September 2022 (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 11h00                                                 12 September 2022
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE)                         13 September 2022
Ex-dividend date on the JSE                                                                     14 September 2022
Ex-dividend date on the Australian Stock Exchange (ASX) and London Stock Exchange               15 September 2022
(LSE)
Record date (including currency election date for ASX)                                          16 September 2022
Payment date                                                                                      13 October 2022
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/2022/JSE/ISSE/S32/FY22Result.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.

About us

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 commodities including bauxite, alumina,
aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and manganese from 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.


  Investor Relations
  Ben Baker
  T     +61 8 9324 9363
  M     +61 403 763 086
  E     Ben.Baker@south32.net



  Media Relations
  Jamie Macdonald                                                     Miles Godfrey
  T     +61 8 9324 9000                                               T      +61 8 9324 9000
  M     +61 408 925 140                                               M      +61 415 325 906
  E     Jamie.Macdonald@south32.net                                   E      Miles.Godfrey@south32.net



Further information on South32 can be found at www.south32.net.

                                                  Approved for release by Graham Kerr, Chief Executive Officer
                                                      JSE Sponsor: The Standard Bank of South Africa Limited
                                                                                              25 August 2022

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.