FY22 Overview & Safety Program Update

FY21 cost base 5,627 392 FY21 third party product cost 19 COST ANALYSIS (US$M) We realised the benefit of exiting lower margin businesses and limited the increase in our controllable costs to less than 2% of the Group's total cost base J I Increase in costs due to inflation i FY21 adjusted cost base 5,235 99 56 Foreign exchange impact on costs Market traded consumables and price-linked costs 20 Uncontrollable (+US$839M) Inflation 728 40 167 127 iCost base reduction from portfolio changes I 109 I 29 40 I I I (61) (912) Smelter power costs indexation Other inflationary impacts I I South Africa Energy Coal divestment TEMCO divestment Other 18 Brazil Aluminium smelter restart costs Sierra Gorda costs since acquisition I 114 795 Controllable costs Portfolio changes Other21 8 FY22 adjusted cost base 5,401 FY22 third party product cost 19 SLIDE 13 FY22 cost base22 570 5,971 SOUTH32

View entire presentation