H1 2023 EBITDA Overview and Oyu Tolgoi Outlook

Robust results $bn, except where stated H1 2023 H1 2022 Comparison Bi nergizer Production (CuEq kt) 1 Consolidated sales revenue Underlying EBITDA 2,317 2,200 +5% 26.7 29.8 -10% 11.7 15.6 -25% Underlying earnings² 5.7 8.7 -34% Net earnings² 5.1 8.9 -43% RioTinto Underlying ROCE² 20% 34% -12 pp Cash flow from operations 7.0 10.5 -33% Capital expenditure 3.0 3.1 -3% Free cash flow 3.8 7.1 -47% Total dividend declared Total dividend per share ($) Net debt 2.9 4.3 -34% 1.77 2.67 -34% 4.4 4.2* +5% Maxi Rio Tinto ©2023, Rio Tinto, All Rights Reserved 1Based on long-term consensus pricing | 2Comparative information has been restated to reflect the adoption of narrow scope amendments to IAS12, refer to page 41 of 2023 Interim Results Release for further detail. Reported numbers in 2022 were $8.6bn Underlying earnings, $8.9bn net earnings and 34% Underlying ROCE *As at 31 December 2022 7 Iron Ore Company of Canada

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