Strong Foundation for Growth, Decarbonisation and Shareholder Returns

...and strong conversion of earnings into cash flows Cash flow $bn 20.0 7.7 9.4 15.1 14.3 2.1 9.4 6.9 8.5 5.8 4.8 2011 (8.1) 2012 2013 2014 2015 2016 13.9 15.9 14.9 11.8 9.5 9.2 9.4 7.0 25.3 17.7 2017 2018 2019 2020 2021 ■Operating cash flow ■Free cash flow Free cash flow is defined as net cash generated from operating activities less purchases of PP&E less lease principal payments plus sales of PP&E Operating cash flow and free cash flow include capital gains tax paid on disposals of $0.9bn in 2019, $0.1bn in 2018 and $0.2 bn in 2017, primarily related to coal disposals Rio Tinto ©2022, Rio Tinto, All Rights Reserved 11

View entire presentation