Kumba Iron Ore Limited · JSE:KIO

Kumba Iron Ore — Shareholder Meeting (May 2023)

14 slides from Kumba Iron Ore's shareholder meeting presentation, May 30, 2023

1. Slide 1: Kumba Iron Ore Annual General Meeting

   [OFFICIAL] Kumba Iron Ore Annual General Meeting Terence Goodlace, Chairman 30 May 2023

2. Slide 2: Kumba Iron Ore Annual General Meeting – Chief Executive

   [OFFICIAL] Kumba Iron Ore Annual General Meeting Mpumi Zikalala, Chief Executive 30 May 2023

3. Slide 3: Disclaimer

   [OFFICIAL] Disclaimer This presentation is for information purposes only and does not constitute an offer to sell or No assurance can be given that such future results will be achieved; actual events or the solicitation of an offer to buy shares in Kumba. Further, it does not constitute a results ma

4. Slide 4: Relentless focus on safe production

   [OFFICIAL] Relentless focus on safe production Safety Health and wellness LTI TRCFR Occupational diseases (new cases) 2.06 1.80 1.74 1.55 0.80 21 17 18 8 28 5 8 0 0 0 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022¹ Safety reset focusing on risk reduction, culture Reduction in exposure to occupati

5. Slide 5: Challenging operating conditions in 2022

   [OFFICIAL] Challenging operating conditions in 2022 Production Adjusted EBITDA¹ Attributable free cashflow 37.7Mt R37.3bn R10.4bn FY2021: 40.9Mt FY 2021: R64.6bn FY 2021: R30.5bn Average realised prices Enduring value contribution Dividend declared US$113/t R63bn R14.5bn FY 2021: US$161/t FY 2021: R

6. Slide 6: Re-imagining mining to improve people’s lives

   [OFFICIAL] Re-imagining mining to improve people’s lives Tswelelopele Healthy Thriving Trusted strategy Environment Communities Corporate Leader ▪ Zero fatalities and serious injuries 30%  GHG emissions 5 jobs supported off-site for every job Establish local and national on site accountability foru

7. Slide 7: Environmental sustainability

   [OFFICIAL] Environmental sustainability Freshwater used (ML) Carbon emissions (MtCO2) 1.000 0.950 0.900 0.850 0.800 0.750 0.700 0.650 0.600 7,497 7,952 7,154 7,028 8,099 0.550 0.963 0.999 0.913 0.989 0.994 0.500 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Freshwater used driven by high rainfal

8. Slide 8: Building thriving host communities

   [OFFICIAL] Building thriving host communities Host community spend (Rbn) Direct social investment (Rm) *Rm *Rm 1..0 1.4 2.0 2.4 3.0 3.7 4.0 4.1 4.5 5.4 124 171 264 258 399 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Target Actual Targeting five jobs offsite for every onsite job by Targeting 80

9. Slide 9: Enduring shared value of R63bn

   [OFFICIAL] Enduring shared value of R63bn Contributing to South Africa (Rbn) Supporting local businesses (Rbn) Income tax 7.1 BEE business suppliers 18.0 Mineral royalty 1.8 Host community suppliers 5.4 Delivering shareholder returns (Rbn) Investing in our people (Rbn, %) Owners of Kumba 14.5 Salari

10. Slide 10: Value delivered through our Tswelelopele strategy

    [OFFICIAL] Value delivered through our Tswelelopele strategy Margin enhancement strategy Creating shareholder value Value delivered since 2018: 161 33.2 Product premium on average: +US$3/t 8.1 113 113 Cumulative cost savings: R5.2bn 108 96 19.6 Life of Sishen to 2039: +323Mt reserves 2.6 71 69 14.5

11. Slide 11: Our refreshed strategy

    [OFFICIAL] Our refreshed strategy Unlock full potential of the core Develop new avenues for growth Position for a sustainable future • Zero fatalities and harm • Identify opportunities beyond our existing • Maximising our premium product offering • Maximise business performance with an operations, b

12. Slide 12: Supply chain decarbonisation to boost demand for premium ores

    [OFFICIAL] Supply chain decarbonisation to boost demand for premium ores Supply chain decarbonisation Steelmaker decarbonisation commitments are growing quickly commitments are rising alongside Driving long-term quality premia Market share of global companies with upstream scope 3 sustainability Ste

13. Slide 13: Our pathway to green steel operations

    [OFFICIAL] Our pathway to green steel operations Scope 1 and 2 carbon emissions reduction target of 30% by 2030 Scope 3 opportunities Carbon emissions (Mt CO2) Total emissions by energy usage (%) (>30%) Product evolution Increase share of high-quality iron ore sales 0.99 0.93 Downstream logistics Co

14. Slide 14: Reimagining mining to improve people’s lives

    [OFFICIAL] Reimagining mining to improve people’s lives Strong foundation for sustainable value delivery Assets 50% Capabilities Sustainability R63bn 76% EBITDA Shared ROCE Premium quality, margin Operational resilience Continued delivery value high margin assets and marketing strength of stakeholde

Kumba Iron Ore — Shareholder Meeting (May 2023) on 6ix