FY22 Overview & Safety Program Update

MARKET TRADED CONSUMABLES AND PRICE-LINKED COSTS Inflation has been most acute in our smelter raw material inputs, freight and caustic soda, while higher commodity prices translated into increased royalty payments EIII SOUTH32 YoY increase of US$728M in market traded consumables and price-linked costs 20 (US$M) Increase in raw materials T 166 I 103 36 27 Petroleum coke Pitch & Coal ATF I 152 148 132 70 70 60 00 Raw materials Freight Royalties Caustic soda Power and diesel Other23 FY22 total expenditure23 5% 15% 15% 39% US$2.4B 14% 12% SLIDE 14

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