HY 2023 Results and Growth Prospects
-
Pricing remains the biggest driver – rate of cost inflation slowing
but still a headwind
Underlying EBITDA
$bn
External $3.2bn
Controllables $0.7bn
For personal use only
15.6
(3.3)
0.4
H1 2022
Underlying
EBITDA
(0.3)
Energy
0
Iron ore¹
-1.6
Diesel
+0.1
Other energy
-0.1
Aluminium²
-1.4
General inflation
-0.4
Copper
-0.2
Inflation on closure
& remediation
+0.2
Other
-0.1
provisions
Aluminium raw
materials
-0.1
12.4
0.4
■(0.4) ■
■(0.4)■
Kennecott smelter
shut and conveyor
breakdown
IOC forest fires
■ (0.3) ■
Simandou & Battery
Minerals
Prices
Exchange rates
Inflation &
Market driven
Subtotal
Sales volumes Cash unit cost
& mix
increases
Temporary
operational
factors
Exploration
& Evaluation
Rio Tinto
©2023, Rio Tinto, All Rights Reserved
1Iron ore includes Pilbara, portside trading and IOC | 2Aluminium includes alumina and bauxite
Note: Financial figures are rounded to the nearest million, hence small differences may result in the totals
11.7
H1 2023
Underlying
EBITDA
10
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