Antofagasta Investor Conference Presentation Deck
Expanded capital allocation framework
Integrates climate factors
Operating Cash Flow
Sustaining Capex & Mine Development
Committed Dividends (35% pay-out)
Strong Balance Sheet
Growth
Capex
Excess Cash
Dividend
Create sustainable value & shareholder returns over the long term
Macro
Perspective
Decision
Factors
Financial
Position
Antofagasta plc | 2022 BMO Global Metals & Mining Conference
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Economic outlook
• Various copper price scenarios
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Value
Optimisation
Climate
Resilience
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Future capital expenditures
Approved projects and those
under evaluation
Climate resilience investments
reviewed against most probable
scenarios
• Use an Internal Carbon Price in our
project and procurement decisions
Sustainable generation of free cash
flow with ample liquidity
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• Manage debt maturity profile
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