Freeport Copper Financials

FREEPORT FOREMOST IN COPPER Financial Policy: Performance-Based Payout Framework -50% free cash flow (1) for shareholder returns Maintaining Strong Balance Sheet Net Debt/Adjusted EBITDA Less than 1x $3.4 Net Debt, excluding smelter projects $ in bns $3-$4 bn Net Debt Target $0.9 (2) 6/30/2023 Providing Cash Returns to Shareholders $3.4 bn Distributed Since 6/30/21 Base Dividend 26% Variable Dividend 19% Share Repurchases (3) 55% THE POWER OF COPPER ● Advancing Organic Growth Opportunities • Positioned for future growth • New projects in progress o Kucing Liar o Lone Star oxide expansion o Grasberg Mill recovery project o Atlantic Copper Circular Organic project pipeline Leach innovation initiatives o Bagdad 2X o Lone Star sulfide expansions o El Abra expansion. 6/30/2021 Board will review structure of performance-based payout framework at least annually (1) Available cash flows generated after planned capital spending (excluding Indonesia smelter projects funded with debt and discretionary CAPEX) and distributions to noncontrolling interests. (2) Net debt equals consolidated debt less consolidated cash. Excludes $1.9 bn in net debt associated with the Indonesia smelter projects. (3) FCX has acquired 47.9 mm shares of its common stock for a total cost of $1.8 bn ($38.35 avg. cost per share) under program since November 2021. See Cautionary Statement. 12

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