Full Year 2019 South32 Ltd Earnings Presentation Transcript

Aug 21, 2019 / 10:30PM GMT
Presentation
Aug 21, 2019 / 10:30PM GMT

=====================
Corporate Participants
=====================
* Katie Tovich
South32 Limited - CFO

=====================
Katie Tovich - South32 Limited - CFO

Hello, everyone. As always, I'd draw your attention to the important notices. Now let's go to the overview, where our strong operating results continued returns to shareholders and investment in our portfolio sees us well-placed entering FY '20. Underlying EBITDA declined by 13% to $2.2 billion, while free cash flow was $1 billion, as the benefits of stronger alumina process, weaker producer currencies and cost-reduction initiatives across labor, energy and materials usage were more than offset by lower aluminum and thermal coal prices. Underlying earnings decreased by 25% to $992 million while underlying earnings per share decreased by a lesser 23%, as we continued to benefit from our ongoing share buyback. In accordance with our dividend policy, our Board resolved to pay $140 million ordinary dividend, increasing total returns to $762 million in respect

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot