Anglo American Plc · LSE:AAL
Anglo American — BMO Global Metals & Mining Conference 2023
14 slides from Anglo American's conference presentation, Feb 27, 2023
Slide 1: Anglo American
27 February 2023 Anglo American
Slide 2: Cautionary statement
Cautionary statement Disclaimer: This document has been prepared by Anglo American plc (“Anglo American”) and comprises the written in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward- materials/slides for a presentation concerning Anglo
Slide 3: Safe & healthy operations are our first priority
Safe & healthy operations are our first priority Safety Health Environment Group TRIFR1,2 Fatalities1 Occupational health – new cases1,3 Level 3 & above significant incidents1,4 30 2.38 H1 2.24 2.19 2.14 16 2.00 H2 5 1 1 1 2 2 2 2020 20211 2022 2020 2021 2022 2020 2021 2022 Safety reset & call to ac
Slide 4: 2022 summary
2022 summary EBITDA5 Production6 $14.5bn 2% Mining EBITDA margin7 Unit cost8 47% 15% 4 Anglo American
Slide 5: Robust EBITDA & margins
Robust EBITDA & margins Diamonds Base Metals 9 PGMs Bulks 10 $1.4bn5 $2.6bn5 $4.4bn5 $6.6bn5 52% mining margin7 40% mining margin7 54% mining margin7 49% mining margin7 5 Anglo American
Slide 6: 2022 sustainability highlights
2022 sustainability highlights nuGenTM hydrogen truck Los Bronces water solution World’s largest H2 powered haul-truck Desal water offtake from 2025 Key step to decarbonising mining fleet Meets >45% of the mine’s need Now combined with First Mode Phase 2 water swap to benefit communities Envusa Ener
Slide 7: Our balanced, disciplined & sustainable approach
Our balanced, disciplined & sustainable approach Strong Attractive Quality Strong balance sheet Attractive returns balance sheet shareholder returns organic growth 0.5x 40% payout >90% 2022 base, through the cycle growth capex aligned to future demand net debt:EBITDA5 dividend themes in high margin
Slide 8: Diversified portfolio positioned for a carbon neutral world
Diversified portfolio positioned for a carbon neutral world Limiting warming to 1.5°C is Copper equivalent production6 metals & minerals intensive Steelmaking Diamonds Coal Long term energy transition enabler ~60 new Quellaveco size copper mines needed by 204012 High quality Copper Iron Ore ~85% >$1
Slide 9: Quellaveco ramp up progressing
Quellaveco ramp up progressing Built on time & budget despite pandemic Processing lines in ramp-up – full capacity expected from mid-2023 Moly plant completion expected in Q1 2023F: 310-350kt of copper at ~100c/lb14 2023 production is H2 weighted 9 Anglo American
Slide 10: POLY4 tackles the three key challenges facing the agricultural industry
POLY4 tackles the three key challenges facing the agricultural industry Increases yields Environment Improves soil health Crop Soil Low carbon & waste, organic 10 Anglo American
Slide 11: Woodsmith - a large-scale, long-life Tier 1 asset
Woodsmith - a large-scale, long-life Tier 1 asset Significant Core infrastructure underway ~$1.0bn ~2027 progress Studies ongoing annual capex15 first product available to market15 Significant structural 37km >40yr Q1 advantages mine to port asset life16 expected cost curve position Highly cash ~$19
Slide 12: ~25% organic growth optionality over the next decade
~25% organic growth optionality over the next decade >90% capex allocated to products +25% aligned to future demand themes +10% +5% Attractive value-adding options Integrating technology expertise & holistic sustainability considerations Leveraging our customer-centric marketing capabilities 2022 20
Slide 13: Q&A: Our investment proposition
Q&A Our investment proposition Competitive Differentiated Sustainable assets capabilities returns Strong cost position Technology-led Disciplined capital allocation Long-term growth options Sustainability leader Robust EBITDA margins 13 Anglo American
Slide 14: Footnotes
Footnotes 1. Recordable incidents. Data relates to subsidiaries and joint operations over which Anglo American has management control. Data for fatalities, TRIFR and environmental metrics excludes results from De Beers’ joint operations in Namibia and Botswana. 2021 fatalities was previously restate
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