HY 2023 Results and Growth Prospects
Group level financial guidance
Ocapex
STotal Group
Group Growth Capex
For personal use only
Group Sustaining Capex
Pilbara Sustaining Capex
Replacement capital of $2-3bn per year
Effective tax rate
Returns
Rio Tinto
©2023, Rio Tinto, All Rights Reserved
2023
2024
~$7.0bn¹
Up to 10.0bn
$1.5bn²
Up to $3bn
~$3.5bn
~$3.5bn
-$1.5bn3,4
~$1.5bn4,5
-30%
Total returns of 40 - 60% of underlying earnings through the cycle
1Excluding Simandou | 2We expect our share of investment in Simandou to around $0.5 billion in H2 2023. This guidance assumes all Simandou costs are capitalised in the second half
of the year following the signature of agreements between the joint venture parties | ³Subject to ongoing inflationary pressure | 4Pilbara sustaining capex included within Group
sustaining | 5Calculated in real terms
2025
Up to 10.0bn
Up to $3bn
~$3.5bn
~$1.5bn4,5
54View entire presentation