Strong Foundation for Growth, Decarbonisation and Shareholder Returns

Strong conversion of price into earnings... Underlying EBITDA $bn 23.9 2020 Underlying EBITDA 17.5 -0.6 -0.4 -0.7 -0.6 37.7 Iron Ore +11.6 -1.1 -0.3 Copper +1.9 Aluminium +3.0 Other +1.0 Prices Exchange rates Energy Inflation Volumes and mix Operating cash unit costs Non-cash costs / other 2021 Underlying EBITDA Rio Tinto ©2022, Rio Tinto, All Rights Reserved 10

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