H1 2023 EBITDA Overview and Oyu Tolgoi Outlook

Disciplined investing for asset health, growth and decarbonisation Essential capex (US$bn, annual average) Investing in the health of our existing business Growth capex² (US$bn) Shaping our portfolio for the future 4.5 6.3 <$7bn Decarbonisation Replacement Sustaining capex historical average $3bn Sustaining 0.6 2018-2020 2021-2023 2024-2025 Rio Tinto ©2023, Rio Tinto, All Rights Reserved. 12012-2017 period | 2On a Rio Tinto share basis Simandou Other от Kennecott UG 1.5 3.0 <$3bn 2022 2023 2024 2025 16

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