FY22 Overview & Safety Program Update

FY21 net cash 406 Free cash flow from continuing operations excluding capital expenditure (US$M) CASH FLOW ANALYSIS and been invested to transform our portfolio Record free cash flow from operations has delivered record shareholder returns Net distributions from manganese and Sierra Gorda EAls 321 559 2,799 1,420 Capital expenditure24 Acquisition of a 45% interest in Sierra Gorda Acquisition of a 16.6% interest in Mozal Aluminium 114 Dividends paid 099 On-market share buy-back 128 SLIDE 15 Shareholder returns (US$788M) Other25 107 FY22 net cash 538 SOUTH32

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