Modernising Agreements and Transition to Renewables
24 24
2000
2001
2002
The most profitable integrated Aluminium business
Historic supply growth created
challenging conditions
Mt
33
34
30
28
26
2003
2004
2005
2006
2007
RoW
China
38
64 64 63
65
55
59
59
57
5.1%
54
50
48
46
42
40
38
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Integrated Upstream¹
EBITDA Margin
(%)
40
40
30
20
20
10
10
Integrated EBITDA
Margin & ROCE (%)
EBITDA
36% Margin H1 2021
40%
37%
36%
34%
35%
30%
30%
25%
24%
20%
20%
15%
12%
10%
8%
10%
6%
4%
3%
5%
0%
16
17
17
18
18
19
19
H2 H1 H2 H1
H2
20 20 21
H1 H2 H1 H2 H1
20
2016A 2017A 2018A
2019A 2020A 2021 H1
Peers
Rio Tinto Aluminium
⚫ROCE
EBITDA Margin
Source: Rio Tinto Market Analysis and peer disclosures
Rio Tinto ©2021, Rio Tinto, All Rights Reserved
1Upstream assets includes bauxite, alumina and primary metal
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