Investor Presentaiton
OUR SHAREHOLDER RETURNS
We have returned US$2.3B to shareholders through our ongoing capital management program over the past six years
Shareholder returns since FY16
(US$B)
•
•
0.5
US$5.4B
1.8
3.1
Ordinary dividends
On-market share buy-back
Notes:
a.
Special dividends
•
Disciplined application of our capital management framework and strong balance
sheet means shareholders benefit as our financial performance improves
Our ongoing capital management program 10 has contributed to almost doubling our
minimum shareholder returns ratio
Minimum dividends
40%
of Underlying earnings
All shareholder returns
73%
of Underlying earnings
SOUTH32
We apply a flexible approach when returning excess capital to shareholders between
special dividends and our on-market share buy-back
Our value driven on-market share buy-back (a) has reduced our shares on issue by 14%,
further enhancing our per-share dividends through time
Since inception, US$1.7B has been allocated to our on-market share buy-back at an average buy-back price of A$3.03 per share. Our on-market share buy-back has US$109M remaining to be
returned as at 30 April 2023.
SLIDE 12View entire presentation