Investor Presentaiton
Cautionary statement
Disclaimer: This document 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 this document you
agree to be bound by the following conditions. The release, presentation, publication or distribution of this 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 document 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 document includes forward-looking statements. All statements other than statements of historical facts included in this
document, 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 or 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, unanticipated
downturns in business relationships with customers or their purchases from Anglo American, 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 or competing 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, terrorism, war, conflict,
political or civil unrest, uncertainty, tensions and disputes and economic and financial conditions around the world, evolving societal
and stakeholder requirements and expectations, shortages of skilled employees, unexpected difficulties relating to acquisitions or
divestitures, competitive pressures and 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
Anglo American
placed on forward-looking statements. These forward-looking statements speak only as of the date of this document. Anglo.
American expressly disclaims any obligation or undertaking (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 document 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
document 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 document, 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 document has been prepared without reference to your particular investment objectives, financial situation, taxation position
and particular needs. It is important that you view this document 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 document 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 2023. Anglo American TM TM and FutureSmart Mining™ are trade marks of Anglo American
Services (UK) Ltd. nuGenTM is a trade mark of Anglo American Technical & Sustainability Services Ltd. Some of the images used are
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