Unlocking Value and Performance Outlook
Footnotes
1. Data relates to subsidiaries and joint operations over which Anglo American has management control. Data excludes results from De Beers'
joint operations in Namibia and Botswana.
2. Total Recordable Injury Frequency Rate per million hours worked. YTD 2023 is the 11 months to November.
3. 2021 fatalities was previously restated as a colleague tragically passed away in 2022 following complications after an accident in 2021. YTD
2023 YTD is the 11 months to November.
4. Copper equivalent production is calculated including the equity share of De Beers' production and using long-term consensus parameters.
Future production levels (~2035) are indicative and subject to further studies and final approval, see Cautionary Statement slide.
5. Capex savings in 2023-2025 calculated against most recently published guidance. 2026 capex saving of ~$0.4bn is versus previous budget.
6. Life of Asset including Inferred Mineral Resources. Reserve Life is 27 years.
7. Relative to comparable fertiliser products.
8. Copper equivalent unit costs are shown on nominal terms and calculated as the total USD cost base divided by copper equivalent production.
9. Cash expenditure on property, plant and equipment including related derivatives, net of proceeds from disposal of property, plant and
equipment and includes direct funding for capital expenditure from non-controlling interests. Guidance includes unapproved projects and is,
therefore, subject to the progress of project studies, and unapproved Woodsmith capex of ~$1bn pa is included after 2024. Long-term
sustaining capex guidance is shown on a 2023 real basis. Refer to appendix for more details.
10. Underlying ETR is highly dependent on a number of factors, including the mix of profits and any corporate tax reforms impacting the countries
where we operate, and may vary from guidance.
11. Refer to appendix slide 33 for production guidance footnotes for each business.
12. Refer to appendix slide 34 for unit costs guidance footnotes for each business.
13. Life of Asset years are stated as at 31 December 2022. Life of Asset (LOA) is the scheduled extraction period in years for the total Ore Reserves
and Inferred Mineral Resources in the approved Life of Asset Plan. For most assets the Life of Asset is the same as the disclosed 2022 Reserve
Life, with the exception of; Collahuasi (Reserve Life is 84 years), Grosvenor (Reserve Life is 14 years), Mogalakwena (Reserve Life is 18 years,
constrained to the Mining Right period) and Woodsmith (Reserve Life is 27 years). The Life of Asset shown for Namibia relates to the Namdeb
Holdings - Offshore operation (Atlantic 1 (MM)).
14. Sakatti is a polymetallic resource.
Anglo American
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