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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Rio Tinto Limited | ASX:RIO | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.25 | -0.19% | 129.51 | 128.90 | 129.50 | 129.80 | 126.275 | 128.15 | 2,023,511 | 09:50:00 |
Rio Tinto Chief Executive J-S Jacques said “We have been agile and adapted our way of working, to deliver another resilient performance while navigating the new and ongoing challenges of dealing with COVID-19. Despite the challenging backdrop, we generated underlying EBITDA of $9.6 billion, with a margin of 47%, driven by our strong and stable operations, with all of our assets continuing to operate throughout the first half. As a result, we have declared an interim dividend of $2.5 billion, equivalent to 155 US cents per share, and have reconfirmed our 2020 production guidance across all commodities.
“Our world-class portfolio of high-quality assets and our strong balance sheet consistently serve us well in all market conditions and particularly in turbulent times. This, together with our disciplined capital allocation, underpins our ability to sustain production, increase our investment in the business, pay taxes and royalties to governments and continue delivering superior returns to shareholders.”
Six months ended 30 June
2020
2019
Change
Net cash generated from operating activities (US$ millions)
5,628
6,389
(12)%
Capital expenditure1 (US$ millions)
2,693
2,391
13%
Free cash flow2 (US$ millions)
2,809
3,879
(28)%
Underlying EBITDA2 (US$ millions)
9,640
10,250
(6)%
Underlying earnings2 (US$ millions)
4,750
4,932
(4)%
Net earnings (US$ millions)
3,316
4,130
(20)%
Underlying earnings2 per share (US cents)
293.7
301.5
(3)%
Ordinary dividend per share (US cents)
155.0
151.0
3%
Return on capital employed (ROCE)2
21 %
23%
At 30 June 2020
At 31 Dec 2019
Net debt2 (US$ millions)
(4,826)
(3,651)
The financial results are prepared in accordance with IFRS and are unaudited.
The full Rio Tinto 2020 interim results announcement is available here
Footnotes 1. Capital expenditure is presented gross, before taking into account any cash received from disposals of property, plant and equipment (PP&E). 2. This financial performance indicator is a non-GAAP alternative performance measure ("APM"). It is used internally by management to assess the performance of the business and is therefore considered relevant to readers of this document. It is presented here to give more clarity around the underlying business performance of the Group’s operations. APMs are reconciled to directly comparable IFRS financial measures on pages 61 to 66. 3. Refer to page 40 for pre-tax analysis of impairment charge.
LEI: 213800YOEO5OQ72G2R82 Classification: 1.2 Half year financial reports and audit reports
This announcement is authorised for release to the market by Rio Tinto's Group Company Secretary.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200728006096/en/
media.enquiries@riotinto.com www.riotinto.com
Follow @riotinto on Twitter
Media Relations, United Kingdom Illtud Harri M +44 7920 503 600
David Outhwaite T +44 20 7781 1623 M +44 7787 597 493
Media Relations, Americas Matthew Klar T +1 514 608 4429
Media Relations, Asia Grant Donald T +65 6679 9290 M +65 9722 6028
Media Relations, Australia Jonathan Rose T +61 3 9283 3088 M +61 447 028 913
Matt Chambers T +61 (0) 3 9283 3087 M +61 433 525 739
Jesse Riseborough T +61 8 6211 6013 M +61 436 653 412
Investor Relations, United Kingdom Menno Sanderse T +44 20 7781 1517 M +44 7825 195 178
David Ovington T +44 20 7781 2051 M +44 7920 010 978
Clare Peever M +44 7788 967877
Investor Relations, Australia Natalie Worley T +61 3 9283 3063 M +61 409 210 462
Amar Jambaa T +61 3 9283 3627 M +61 472 865 948
Group Company Secretary Steve Allen
Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885
Joint Company Secretary Tim Paine
Rio Tinto Limited Level 7, 360 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404
Category: General
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