H1 2023 EBITDA Overview and Oyu Tolgoi Outlook

Decarbonisation to drive demand for metals Solar energy contribution to aluminium demand (%) 8 6 00 4 2 China World Global EV sales Penetration (%) Actual (million units) Forecast (million units) 4% 2% 8% +58% 6.6 13% 10.5 +41% 17% 14.8 +34% 21% 19.8 +25% 26% 24.9 3.3 2.2 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2024 2025 Source: Rio Tinto Market Analysis, CRU, CPIA, BNEF Rio Tinto ©2023, Rio Tinto, All Rights Reserved 24

View entire presentation