SANTOS LIMITED — Earnings Release 2021

Feb 15, 2022

Appendix 4E

Full year report

ASX listing rule 4.3A

Appendix 4E Financial year ended 31 December 2021

This information should be read in conjunction with Santos Limited’s 2021 Annual Report (which includes the 2021 Financial Report).

Name of Entity SANTOS LIMITED

ABN or equivalent company reference 80 007 550 923

Results for Announcement to the Market[1]

Revenue/Profit				US$million
Revenue from ordinary activities2	Up	39%	to	4,713
Net profit from ordinary activities after tax attributable to
members2	Up	284%	to	658
Net profit for the period attributable to members2	Up	284%	to	658
Underlying profit for the period3	Up	230%	to	946

Dividends	Amount per securityUS cents	Franked amount per security at 30% taxUS cents
2021 Interim Dividends
Ordinary securities	5.5₵	5.5₵
2021 Final Dividends
Ordinary securities	8.5₵	5.95₵

An explanation of the results is included in the ASX release of 16 February 2022 and the 2021 Annual Report.

1 This report is based on audited accounts.

2 Comparisons are made to the financial year ended 31 December 2020.

3 Underlying profit is a non-IFRS measure that is presented to provide an understanding of the underlying performance of Santos’ operations. The measure excludes the impacts of asset acquisitions, disposals and impairments, as well as items that are subject to significant variability from one period to the next, including the effects of fair value adjustments. The non-IFRS financial information is unaudited, however the numbers have been extracted from the financial statements which have been subject to audit by the Company’s auditor. A reconciliation between net profit for the period and underlying profit is provided in the 2021 Annual Report.