Electrifying the Future

ELECTRIFYING THE FUTURE 1Q 2022 Operations Update North America Cu Sales: 381 mm lbs South America Cu Sales: 264 mm lbs ⚫ Lone Star/Safford o Increasing rates to achieve incremental expansion to 300 mm lbs/annum ⚫ Morenci 。 Mill restart achieved in March 。 Leach projects in focus Bagdad ○ Advancing studies and early works See Cautionary Statement. Cerro Verde - Peru 1Q22 mill avg: 394k mt/d; 5% above 4Q rates o Mining rate impacted by COVID in Jan/Feb ~400k mt/d expected for remainder of 2022 • El Abra - Chile • Operating rates have returned to pre-COVID-19 pandemic levels 。 Expect 30% increase in 2022 production vs. 2021 Indonesia FREEPORT FOREMOST IN COPPER Cu Sales: 379 mm lbs Au Sales: 406 k ozs Grasberg Underground Sustained annual metal run rates 。 5-year metal forecast largely unchanged; timing variances from mine sequencing o Advancing mill projects and dual-fuel power plant ○ Advancing Kucing Liar development

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