H1 2023 EBITDA Overview and Oyu Tolgoi Outlook
Minerals
Financial metrics
($bn)
H1 2023
Segmental revenue
2.9
H1 2022
comparison
Production
2023
(Rio Tinto share)
guidance
H1 2023
2022
2021
2020
2019
2018
-15%
IOC (Mt)
10.0-11.0
4.7
10.3
9.7
10.4
10.5
9.0
EBITDA
0.7
-45%
-
Borates B2O3 content (kt)
~0.5Mt
257
532
488
480
520
512
Margin (product group operations)
30%
-10 pp
Titanium dioxide slag (kt)
1.1-1.4Mt*
589
1,200
1,014
1,120
1,206
1,116
Operating cash flow
0.09
-86%
Diamonds¹ (kt)
3.0-3.8Mt
1,924
4,651
3,847
3,731
4,031
4,358
Capex
*In the lower end of the range
0.3
+13%
Free cash flow
0.2
-165%
Underlying ROCE²
13%
-8 pp
Rio Tinto
©2023, Rio Tinto, All Rights Reserved
1Diavik only. On 17 November 2021, Rio Tinto's interest in Diavik increased from 60% to 100%. Production and financials reflect this from 1 November 2021 | 2Underlying ROCE is defined as
underlying earnings (product group operations) excluding net interest divided by average capital employed
46View entire presentation