FY22 Overview & Safety Program Update

OPERATING UNIT COSTS PERFORMANCE AND GUIDANCE Sierra Gorda (non-operated) (US$/t)33,34 14.6 --+1% 14.8 FY23 guidance +1% from H2 FY22 H1 FY22 Cannington (US$/t)33,34 128 H2 FY22 139 H2 FY22 H1 FY22 Cerro Matoso (US$/lb)33 4.56 4.11 -7% +9% FY23e Efficiencies from the plant de-bottlenecking project, more than offset by higher diesel prices and labour costs Australia Manganese ore (US$/dmtu)33,35 1.94 1.79 H1 FY22 H2 FY22 +7% 2.08 FY23e South Africa Manganese ore (US$/dmtu) 33,35 -6% I FY23 guidance -7% from H2 FY22 2.83 129 Higher throughput from the optimised mine plan and weaker Australian dollar, more than offset higher energy prices 2.63 2.66 FY23e 4.97 H1 FY22 H2 FY22 FY23e FY23 guidance +9% from H2 FY22 Higher price-linked royalties and energy prices, and impact of prior year's one-off royalty provision adjustment, more than offset the benefit of additional volumes H1 FY22 H2 FY22 Illawarra Metallurgical Coal (US$/t)33 123 FY23e -10% I 129 116 H1 FY22 H2 FY22 FY23e III SOUTH32 FY23 guidance +7% from H2 FY22 Higher labour and contractor costs and increased activity associated with a higher strip ratio, combined with higher diesel prices, partially offset by a weaker Australian dollar FY23 guidance -6% from H2 FY22 Drawing down previously built low-cost inventory from the barrier pillar project and a weaker South African rand FY23 guidance -10% from H2 FY22 Higher volumes and a weaker Australian dollar to more than offset labour and energy cost inflation SLIDE 23

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