AngloAmerican Investor Update
Cautionary statement
Disclaimer: This presentation has been prepared by Anglo American plc ("Anglo American") and comprises the written
materials/slides for a presentation concerning Anglo American. By attending this presentation and/or reviewing the
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document, in whole or in part, in certain jurisdictions may be restricted by law or regulation and persons into whose
possession this document comes should inform themselves about, and observe, any such restrictions.
This presentation is for information purposes only and does not constitute, nor is to be construed as, an offer to sell or
the recommendation, solicitation, inducement or offer to buy, subscribe for or sell shares in Anglo American or any
other securities by Anglo American or any other party. Further, it should not be treated as giving investment, legal,
accounting, regulatory, taxation or other advice and has no regard to the specific investment or other objectives,
financial situation or particular needs of any recipient.
No representation or warranty, either express or implied, is provided, nor is any duty of care, responsibility or liability
assumed, in each case in relation to the accuracy, completeness or reliability of the information contained herein.
None of Anglo American or each of its affiliates, advisors or representatives shall have any liability whatsoever (in
negligence or otherwise) for any loss howsoever arising from any use of this material or otherwise arising in connection
with this material.
Forward-looking statements and third party information
This presentation includes forward-looking statements. All statements other than statements of historical facts
included in this presentation, including, without limitation, those regarding Anglo American's financial position,
business, acquisition and divestment strategy, dividend policy, plans and objectives of management for future
operations, prospects and projects (including development plans and objectives relating to Anglo American's
products, production forecasts and Ore Reserve and Mineral Resource positions) and sustainability performance-
related (including environmental, social and governance) goals, ambitions, targets, visions, milestones and
aspirations, are forward-looking statements. By their nature, such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of
Anglo American or industry results to be materially different from any future results, performance achievements
expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Anglo American's present and
future business strategies and the environment in which Anglo American will operate in the future. Important factors
that could cause Anglo American's actual results, performance or achievements to differ materially from those in the
forward-looking statements include, among others, levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration and project development capabilities and
delivery, recovery rates and other operational capabilities, safety, health or environmental incidents, the effects of
global pandemics and outbreaks of infectious diseases, the impact of attacks from third parties on our information
systems, natural catastrophes or adverse geological conditions, climate change and extreme weather events, the
outcome of litigation or regulatory proceedings, the availability of mining and processing equipment, the ability to
obtain key inputs in a timely manner, the ability to produce and transport products profitably, the availability of
necessary infrastructure (including transportation) services, the development, efficacy and adoption of new
technology, challenges in realising resource estimates or discovering new economic mineralisation, the impact of
foreign currency exchange rates on market prices and operating costs, the availability of sufficient credit, liquidity and
counterparty risks, the effects of inflation, political uncertainty, tensions and disputes, and economic conditions in
relevant areas of the world, evolving societal and stakeholder requirements and expectations, shortages of skilled
employees, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation
to permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American's assets and
changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo
American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo
American's most recent Annual Report. Forward-looking statements should, therefore, be construed in light of such risk
factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements
speak only as of the date of this presentation. Anglo American expressly disclaims any obligation or undertaking
Anglo American
(except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the Disclosure
and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities exchange of
the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian Stock
Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-looking
statement contained herein to reflect any change in Anglo American's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statement is based.
Nothing in this presentation should be interpreted to mean that future earnings per share of Anglo American will
necessarily match or exceed its historical published earnings per share. Certain statistical and other information about
Anglo American included in this presentation is sourced from publicly available third party sources. As such it has not
been independently verified and presents the views of those third parties, but may not necessarily correspond to the
views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in respect of,
such information.
Group terminology
In this presentation, references to "Anglo American", the "Anglo American Group", the "Group", "we", "us", and "our" are
to refer to either Anglo American plc and its subsidiaries and/or those who work for them generally, or where it is not
necessary to refer to a particular entity, entities or persons. The use of those generic terms herein is for convenience
only, and is in no way indicative of how the Anglo American Group or any entity within it is structured, managed or
controlled. Anglo American subsidiaries, and their management, are responsible for their own day-to-day operations,
including but not limited to securing and maintaining all relevant licences and permits, operational adaptation and
implementation of Group policies, management, training and any applicable local grievance mechanisms. Anglo
American produces group-wide policies and procedures to ensure best uniform practices and standardisation across
the Anglo American Group but is not responsible for the day to day implementation of such policies. Such policies and
procedures constitute prescribed minimum standards only. Group operating subsidiaries are responsible for adapting
those policies and procedures to reflect local conditions where appropriate, and for implementation, oversight and
monitoring within their specific businesses.
No Investment Advice
This presentation has been prepared without reference to your particular investment objectives, financial situation,
taxation position and particular needs. It is important that you view this presentation in its entirety. If you are in any
doubt in relation to these matters, you should consult your stockbroker, bank manager, solicitor, accountant, taxation
adviser or other independent financial adviser (where applicable, as authorised under the Financial Services and
Markets Act 2000 in the UK, or in South Africa, under the Financial Advisory and Intermediary Services Act 37 of 2002
or under any other applicable legislation).
Alternative Performance Measures
Throughout this presentation a range of financial and non-financial measures are used to assess our performance,
including a number of financial measures that are not defined or specified under IFRS (International Financial
Reporting Standards), which are termed 'Alternative Performance Measures' (APMS). Management uses these
measures to monitor the Group's financial performance alongside IFRS measures to improve the comparability of
information between reporting periods and business units. These APMs should be considered in addition to, and not
as a substitute for, or as superior to, measures of financial performance, financial position or cash flows reported in
accordance with IFRS. APMs are not uniformly defined by all companies, including those in the Group's industry.
Accordingly, it may not be comparable with similarly titled measures and disclosures by other companies.
©Anglo American Services (UK) Ltd 2022. Anglo American TM TM, FutureSmart MiningTM and Concentrating the Mine™ are
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Technical & Sustainability Services Ltd and TracrTM is a Trade Mark of De Beers UK Ltd. Some of the images used are
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