Grasberg Project and Financial Update

Annual Sales Profile October 2021 Estimate Copper Sales (1) (billion lbs) 5 4 3 3.2 2 1 3.8 4.4 4.4 Gold Sales (2) (million ozs) 2 1.8 1.6 1.3 1 0.9 FREEPORT FOREMOST IN COPPER 0 2020 2021e 2022e 2023e Molybdenum Sales (million lbs) 100 85 80 80 80 75 50 50 0 2020 2021e 2022e 2023e 25 (1) Consolidated copper sales include 608 mm lbs in 2020, 731 mm lbs in 2021e, 860 mm lbs in 2022e and 1,460 mm lbs in 2023e for noncontrolling interests; excludes purchased copper. 0 2020 2021e 2022e 2023e (2) Consolidated gold sales include 158k ozs in 2020, 249k ozs in 2021e, 300k ozs in 2022e and 800k ozs in 2023e for noncontrolling interests. 18 e = estimate. See Cautionary Statement.

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