Electrifying the Future
ELECTRIFYING THE FUTURE
EBITDA and Cash Flow at Various Copper Prices
($ in bns except copper, gold and molybdenum prices)
EBITDA ($1,950/oz gold, $19/lb molybdenum)
FREEPORT
FOREMOST IN COPPER
Sensitivities
Average '23e/'24e
(US$ in mms)
$20
$15
$10
$5
$0
Average
'23e/'24e
Cu $4.00/lb
Cu $4.50/lb
EBITDA
Copper
+/-$0.10/lb $425
Molybdenum +/-$1.00/lb $ 80
Gold
+/-$50/oz $ 80
Currencies (1) +/-10%
$240
Diesel
+/-10%
$110
Cu $5.00/lb
Operating cash flow | Excludes working capital changes ($1,950/oz gold, $19/lb molybdenum)
$
$15
$12
$9
$6
Operating Cash Flow
Copper
+/-$0.10/lb $330
Molybdenum +/-$1.00/lb $ 70
$3
$0
Average
'23e/'24e
Cu $4.00/lb
Cu $4.50/lb
Cu $5.00/lb
Gold
+/-$50/oz
$ 55
Currencies (1) +/-10%
$170
Diesel
+/-10%
$ 80
NOTE: EBITDA equals operating income plus depreciation, depletion and amortization. e = estimate. See Cautionary Statement.
(1) U.S. Dollar Exchange Rates: 792 Chilean peso, 14,300 Indonesian rupiah, $0.72 Australian dollar, $1.10 Euro, 3.68 Peruvian Nuevo Sol base case assumption. Each +10% equals a
10% strengthening of the U.S. dollar; a strengthening of the U.S. dollar against forecasted expenditures in these foreign currencies equates to a cost benefit of noted amounts.
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