AngloAmerican Investor Conference Presentation Deck
Footnotes
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Environmental incidents are classified in terms of a 5-level severity rating. Incidents with medium, high and major impacts, as defined by standard internal definitions, are reported as level 3-5 incidents.
Metrics on an underlying basis - before special items and remeasurements adjusted to include the Group's attributable share of associates' and joint ventures' results. Group EBITDA also includes Crop Nutrients, third
party thermal coal, shipping, exploration expenditure and unallocated corporate costs.
Copper equivalent production is calculated including the equity share of De Beers' production and using long-term consensus parameters. It is normalised to reflect the demerger of the South Africa thermal coal
operations and the sale of our interest in Cerrejón. Future production levels are indicative and subject to final approval, see Cautionary Statement slide. 2024F growth vs 2022 updated from Dec-22 investor update
presentation to reflect higher 2022 performance.
Margin represents the Group's underlying EBITDA margin for the mining business. It excludes the impact of non-mining activities (eg PGMs purchases of concentrate, sale of non-equity product by De Beers, third party
trading activities performed by Marketing) & at Group level reflects Debswana accounting treatment as a 50/50 joint operation. Mining margin for De Beers on a stand alone basis is based on proportionate consolidation
of mining businesses in De Beers only.
Copper equivalent unit costs are shown on nominal terms and calculated as the total USD cost base divided by copper equivalent production. Copper equivalent unit cost is normalised to reflect the demerger of the South
Africa thermal coal operations and the sale of our interest in Cerrejón.
Base metals consists of Copper (Chile and Peru) and Nickel.
10. Bulks consists of Iron Ore, Steelmaking Coal and Manganese.
11. 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. Consequently, for Quellaveco, growth capex reflects our attributable share. Collahuasi desalination capex shown includes related infrastructure. Guidance includes unapproved projects and is, therefore, subject
to progress of growth project studies.
Source: Anglo American internal analysis, based on sector outlooks in Wood Mackenzie's 1.5 Degree Scenario, March 2022.
Source: Wood Mackenzie's 1.5 Degree Scenario, M&M Corporate Service, March 2022. Includes copper, aluminum, iron ore, zinc, nickel, lithium, cobalt, manganese, rare earths, bulk and noble alloys. Rounded to the
nearest $100bn.
14. Production is subject to any subject to any socio-political effects and full ramp-up.
15. Indicative only. Subject to further studies and Board approval.
16. Including Inferred Mineral Resources. Reserve Life is 27 years. Indicative, subject to further studies and Board approval.
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Long term 2023 real terms price at 13Mtpa based on a blend substitution pricing methodology plus a premia based on risk-weighted price outcomes. The blend substitution pricing methodology assesses whether a
current fertiliser blend can be reassembled with the inclusion of POLY4 and the resulting price a purchaser would be willing to pay for the POLY4 without changing the total cost of the blend. In many cases, the inclusion of
POLY4 offers further benefits such as providing Mg, Ca and micronutrients, enhancing the blend at no further cost.
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Recordable incidents. Data relates to subsidiaries and joint operations over which Anglo American has management control. Data for fatalities, TRIFR and environmental metrics excludes results from De Beers' joint
operations in Namibia and Botswana. 2021 fatalities was previously restated as a colleague tragically passed away in 2022 following complications after an accident in 2021.
Total Recordable Injury Frequency Rate per million hours worked.
New cases of occupational disease.
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