AngloAmerican Results Presentation Deck
Guidance summary
Earnings
Volumes
Unit costs
2022 depreciation
2022 effective tax rate
LT effective tax rate
Base dividend pay-out ratio
See slide 40-41
See slide 42
Anglo American
$3.0-3.2bn
33-35%²
31-35%²
40% of underlying
earnings
Capex¹ (numbers in brackets are previous guidance)
$6.1-6.6bn ($6.2-6.7bn)
$1.6-2.1bn ($1.7-2.2bn)
-$0.6bn (~$0.7bn)
2022
Growth
• Includes Woodsmith
Sustaining
• Baseline
• Lifex
●
2023
Growth
Sustaining
Baseline
●
Collahuasi desal4
• Lifex
●
Collahuasi desal4
2024
●
Growth
Sustaining
Baseline
• Lifex
Collahuasi desal4
LT sustaining
2. ETR is highly dependent on a number of factors, including the mix of profits, and may vary from the guided ranges.
3. Excludes the coarse particle recovery capex approved in February 2021.
4. Attributable share of capex. Collahuasi desalination capex shown includes related infrastructure.
~$4.5bn
~$3.4bn
~$0.7bn
~$0.4bn
$6.0-6.5bn
$1.2-1.7bn
~$4.8bn
~$3.5bn
~$0.8bn
~$0.5bn
$5.6-6.1bn
$1.5-2.0bn
~$4.1bn
~$3.3bn
~$0.6bn
~$0.2bn
~$3.0bn + lifex
Other
Quellaveco copper project
2022 capex³: 100% $0.8-1.1bn; our share
$0.5-0.7bn
.
●
Our share of capex included in capex
guidance¹
Mitsubishi share of capex increase
to net debt (slide 51)
1. Cash expenditure on property, plant and equipment including related derivatives, net of proceeds from disposal of property, plant and equipment and includes direct funding for capital expenditure from non-controlling interests. Shown
excluding capitalised operating cash flows. Consequently, for Quellaveco, reflects attributable share of capex, see slide 51. Guidance includes unapproved projects and is, therefore, subject to progress of growth project studies and
Woodsmith is excluded after 2022. Long-term sustaining capex guidance is shown on a real basis.
Net debt: EBITDA: <1.5x bottom of cycle
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