Electrifying the Future

ELECTRIFYING THE FUTURE 1Q22 Highlights • · • Continued strong execution of operating plans Copper & gold sales 24-59% above 1Q21 actuals 。 Copper & gold sales 6-8% above January 2022 est. 1Q unit net cash costs in line with January 2022 est. Indonesia achieved unit net cash credit of $0.06 per lb Operating cash flow more than double capital spending Repurchased ~$1.1 bn in common stock since Board authorization Advancing organic growth initiatives. Achieved the Copper Mark at Chino and Tyrone 。 Total of 9 sites validated to date • Favorable operational and market outlook (1) Includes working capital and other uses of $0.8 bn. (2) Includes $0.4 bn for major projects and $0.1 bn for the Indonesia smelter projects. (3) Net debt equals consolidated debt less consolidated cash. 1Q22 includes $0.6 bn in debt associated with the Indonesia smelter projects. See Cautionary Statement. FREEPORT FOREMOST IN COPPER January Key Stats Copper Sales (mm lbs) Gold Sales (k ozs) Actual Estimate 1,024 970 409 380 Unit Net Cash Costs ($/lb) $1.33 $1.35 Copper Realization $4.66/lb Gold Realization $1,920/oz Cash Flows ($ bns) Net Debt (3) $1.7 (1) $5.2 $0.7 (2) Operating Cash $1.3 Flow CAPEX 1Q22 1Q21 1Q22 3

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