Antofagasta Results Presentation Deck
Financial highlights: H1 2023
EBITDA increases 8% to $1.3 billion
U$B
Revenue
2.5
+14%
H1 2022
2.9
H1 2023
‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒
Reflecting rising copper
sales (+14%) &
additional by-products.
c/lb
Net cash costs
‒‒‒‒‒‒‒‒‒‒
●
‒‒‒‒‒‒‒‒‒
182.1
-4%
H1 2022
175.1
H1 2023
‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒
‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒
Cash cost reduction
reflects by-product
pricing and effective
cost control measures.
U$B
EBITDA
1.24
+8%
1.33
H1 2022 H1 2023
‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒
Resilient EBITDA margin¹
maintained at 46%.
1 EBITDA Margin calculated as EBITDA/Revenue. If Associates and JVS revenue is included EBITDA margin was 43.2%
Antofagasta plc | 2023 Half Year Results
Interim dividend per share: 11.7 cents (35% of net earnings).
Net debt/EBITDA
0.30
-10%
FY 2022
‒‒‒‒‒‒‒‒‒
0.27
H1 2023
ANTOFAGASTA PLC
‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒
Strong balance sheet metrics
maintained; supportive of
future growth cycles.
Reko Diq cash received H1
2023.
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