AngloAmerican Results Presentation Deck
De Beers: world leader in diamonds
Best-in-class business...
Mining EBITDA margin¹
50%
Trading margin (typical level)2
-7%
...focused on consumers
Anglo American
Global Diamond Jewellery Demand³
O
Self purchases4
Growing Gen Z5
~44% -18%
of 2022 demand
of US demand in 2022
USA
● China
India
● Japan
Gulf
Rest of world
LGD discount continues
~76%
discount to natural
1. Represents an average underlying EBITDA margin for the mining business from 2021-H1 2023. It excludes the impact of the sale of non-equity product by De Beers.
2. Typical level for trading margin. H1 2023 margin of 2% reflects the softening in demand for rough diamonds and the impact of the drop in price on the trading stock held in the midstream.
3. De Beers Strategy Insights and Analytics based on 2022 data - global natural diamond jewellery demand.
4. De Beers commissioned US Consumer Study 2023, % of volume demand (pieces of diamond jewellery) in 2022.
5. De Beers commissioned US Consumer Study 2023, % of value demand (US$) in 2022.
6. LGD discount continues, at wholesale and retail, for all sizes and qualities, online and offline, vs natural diamond equivalent product
7. Estimate using online prices for 1 ct of all colours and clarities as of June 2023. Lab Grown Diamonds (LGD) continue to see significant price reductions at the retail level differentiating the product from natural diamonds.
%
55
10
6
5
4
20
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