HY 2023 Results and Growth Prospects
Iron Ore
Financial metrics
($bn)
Segmental revenue
SEBITDA
For personal use only
H1 2022
H1 2023 comparison
2023
guidance
15.6
-6%
Shipments³
(Mt, 100% basis)
Pilbara Blend
2023
guidance
H1 2023
2022
2021
2020
2019
2018
105.5
203.9
202.9
232.7
228.1
245.4
9.8
-6%
Margin (FOB)³
69%
-1pp
Robe Valley
Yandicoogina
13.1
25.5
25.2
30.3
27.4
32
26.2
56.9
56.9
57.7
57.1
57.4
Operating cash flow
6.8
-20%
SP10
16.8
35.4
36.6
9.9
14.8
3.4
1.1
-26%
Sustaining
-$1.54
Total
320-335
161.7
321.6
321.6
330.6
327.4
338.2
Capex
Free cash flow
Underlying ROCE
5.6
-20%
63%
-9pp
Average realised price 1,3 ($/t)
107.2
-11%
Unit cost²,3 ($/t)
21.2
-3%
21.0-22.5
Rio Tinto
©2023, Rio Tinto, All Rights Reserved
1Dry metric tonne, FOB basis | 2Unit costs are based on operating costs included in EBITDA and exclude royalties (State and third party), freight, depreciation, tax and interest. Unit
costs are stated at an Australian dollar exchange rate of 0.68 for 2023 half year actuals and 0.70 for 2023 guidance | ³Pilbara only. All other figures reflect Pilbara operations,
portside trading and Dampier Salt | 4Subject to ongoing inflationary pressure
36View entire presentation