FY22 Overview & Safety Program Update

UNDERLYING NET FINANCE COSTS III SOUTH32 FY22 FY213 Underlying net finance costs reconciliation¹,2 US$M US$M Unwind of discount applied to closure and rehabilitation provisions Change in discount rate on closure and rehabilitation provisions (83) (72) 3 7 Interest on lease liabilities Other Discontinued operations (54) (55) (21) (7) (43) Underlying net finance costs (155) (170) Add back earnings adjustment for exchange rate variations on net debt 40 (52) Sierra Gorda joint venture adjustments"6 62 Manganese joint venture adjustments" 22 18 Total adjustments to derive net finance costs 124 (34) Net finance costs (31) (204) SLIDE 51

View entire presentation