Market Outlook and Operational Insights
DELIVERING ON OUR STRATEGY
Notes:
a.
We are reshaping our portfolio to focus on commodities critical for a low-carbon future
Underlying revenue by commodity(a)
South32 at demerger¹4
32%
33%
11%
18%
FY23
6%
7%
16%
8%
5%
7%
7%
45%
base metals including
aluminium value chain
71%
base metals including
aluminium value chain
Aluminium value chain
Copper
Nickel
Manganese ore
Zinc-lead-silver
Metallurgical coal
South Africa Energy Coal and manganese alloys (exited)
50%
Presented on a proportional consolidation basis. Excludes third party product revenue and Group and unallocated costs.
Doubled our low-carbon aluminium capacity
Added Sierra Gorda copper to our portfolio
Allocated excess capital generated by
Illawarra Metallurgical Coal to grow our base metals
portfolio and deliver record shareholder returns
Advanced multiple development options
in critical minerals at our Hermosa project
Progressed greenfield exploration options
in highly prospective regions
SLIDE 9
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