H1 2023 EBITDA Overview and Oyu Tolgoi Outlook

Strong financials and consistent progress Production (CuEq)¹ Underlying EBITDA Free cash flow ↑ 5% Underlying ROCE 20% 2,317kt in H1 2023 $11.7 bn earnings Underlying $5.7 bn Underlying EBITDA margin at 42% $3.8 bn Dividends Rio Tinto ©2023, Rio Tinto, All Rights Reserved 1Based on long-term consensus pricing 177 US cps Equal to $2.9 bn 4

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