Future-Enabling Growth Strategy Update
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Footnotes
Recordable incidents. Data relates to subsidiaries and joint operations over which Anglo
American has management control. Since 2018 data for fatalities, TRCFR and
environmental metrics excludes results from De Beers' joint operations in Namibia and
Botswana.
Total Recordable Cases Frequency Rate per million hours.
New cases of occupational disease.
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.
Copper equivalent production is calculated using long-term consensus parameters. 2021
copper equivalent production is normalised to reflect the demerger of the South Africa
thermal coal operations, the announced sale of our interest in Cerrejón and the closure of the
manganese alloy operations. Growth is calculated with reference to a 2021F baseline
(previously 2018 baseline shown with growth milestones of 2023: 20%, 2025: 25%, ~2030:
35%). Future production levels are indicative and subject to final approval.
2030 target based on an absolute reduction in GHG emissions across the business vs 2016
baseline adjusted for structural changes. For more information on carbon neutral targets see
Sustainable Performance presentation from 29 October 2021.
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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. Shown excluding capitalised operating
cash flows. Consequently, for Quellaveco, reflects attributable share of capex, see appendix.
Collahuasi desalination capex shown includes related infrastructure which was excluded in
previous presentations. Guidance includes unapproved projects and is, therefore, subject to
progress of growth project studies and Woodsmith is excluded after 2022. Long-term
sustaining capex guidance is shown on a real basis.
Buyback refers to the programme announced on 29 July 2021.
13. Copper equivalent unit costs are shown on nominal terms and calculated as the total USD
cost base divided by copper equivalent production. 2021 copper equivalent unit cost is
normalised to reflect the demerger of the South Africa thermal coal operations.
Cost & volume improvement in EBITDA also impacted by above-CPI cost inflation of ~$0.3bn
across 2018-2021.
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The margin reflects the targeted potential margin for our growth and lifex projects.
Reflects long-term asset potential, subject to review.
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Per the Ore Reserves and Mineral Resources Report 2020, the Reserve Life for Aquila is
reported at 6 years. 7 years reflects the life of mine which considers the Inferred Mineral
Resource in mine plan.
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Targets and guidance as announced on 7 May 2020. For more information on carbon
neutral targets see Sustainable Performance presentation from 29 October 2021.
Bulks excludes thermal coal businesses.
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Metrics on an underlying basis - before special items and remeasurements adjusted to
include the Group's attributable share of associates' and joint ventures' results.
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, 3rd-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.
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Anglo American 60% share. H1 2021 capex $0.3bn (60% share).
Average over first ten years.
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Currently certified for organic use in EU and North America with other certification pending
for approval.
Growth options that are not yet approved.
Anglo American
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