Antofagasta Plc · LSE:ANTO
Antofagasta — Shareholder Meeting (May 2021)
17 slides from Antofagasta's shareholder meeting presentation, May 12, 2021
Slide 1: Annual General Meeting CEO's Presentation
Antofagasta plc Annual General Meeting CEO’s Presentation Iván Arriagada Chief Executive Officer 12 May 2021 Developing mining for a better future
Slide 2: Cautionary statement
Cautionary statement This presentation has been prepared by Antofagasta plc. By reviewing and/or attending this presentation you agree to the following conditions: This presentation contains forward-looking statements. All statements other than historical facts are forward-looking statements. Exampl
Slide 3: Our purpose: Developing mining for a better future
OUR PURPOSE Developing mining for a better future
Slide 4: Strategic framework: pillars of our strategy
STRATEGIC FRAMEWORK PILLARS OF OUR STRATEGY People Safety and Sustainability Competitiveness Growth Innovation OUR VISION To be an international mining company based in Chile, focused on copper and its by-products, known for its operating efficiency, creation of sustainable value, high profitability
Slide 5: COVID-19 response
COVID-19 RESPONSE Maintaining a safe and healthy environment Key measures include: ▪ Remote working with reduced manpower on-site ▪ Extensive testing & tracing ▪ Enhanced sanitary PPE ▪ Personal and assisted health assessment ▪ Extensive sanitisation for COVID-19 ▪ Sanitary accommodation provided He
Slide 6: Our people
OUR PEOPLE Female direct employee 23,248 participation1 14.7% Workforce including 10.1% contractors 8.6% 29% 2018 2019 2020 Employees Diversity & Inclusion 71% Contractors 14.7% Female direct employees1 76% of employees unionised New ways of working | Digital academy 1 Mining Group
Slide 7: Safety
SAFETY The safety of our people is our top priority Safety performance: Fatalities and LTIFR 1.61 1.53 1.59 1.01 0.86 2 1 Another year of record safety 2016 2017 2018 2019 2020 performance Lost Time Injury Frequency Rate (LTIFR)1 31 LTIFR1 Fatalities months 0.86 with no fatal Lost Time Injury accide
Slide 8: Community relations
COMMUNITY RELATIONS Strengthening ties with our neighbouring communities Prioritising Empleo local suppliers local y and employment proveedores 19% Healhcare and prevention Economic reactivation Community support $46.7m1 $5.9m Economic social COVID-19 Fund 56% contribution in 2020 25% 1 Includes com
Slide 9: Climate change
CLIMATE CHANGE Greenhouse gas emissions Emissions1 reduced by over 580,000 tCO2e two years earlier than targeted New targets 30% Carbon neutral reduction by 20252 by 2050 Climate Change Strategy To strengthen the Group’s capacity to mitigate and adapt to climate change 1 2 3 4 5 Development of Reduc
Slide 10: Energy and water
ENERGY AND WATER Renewable energy Sea water Reuse rates 100%1 19.4%2 43% 78 - 96% Zaldívar Mining division Mining division depending on operation Expect 100% renewable Expect >90% of sea energy by-end 2022 water by 2025 1 From 1 July 2020 2 2020
Slide 11: 2020 production and costs
2020 PRODUCTION AND COSTS Copper production and net cash costs 725 770 734 709 704 733,900 tonnes of copper 1.20 1.25 1.29 1.22 1.14 down by 4.7% from our record level in 2019, mainly due to planned lower ore grades at Centinela Net cash costs $1.14/lb 2016 2017 2018 2019 2020 6.6% lower than in 201
Slide 12: Growth opportunities
GROWTH OPPORTUNITIES 2020 2021 2022 2023 2024+ LOS PELAMBRES EXPANSION - PHASE 1 (in construction) PHASE 2 (in FS stage) Cu +60 ktpa | Capex $1.7 bn1 (including desalination plant) Cu +35 ktpa | Capex $0.5 bn2 15 year LOM extension Organic ESPERANZA SUR PIT (in construction) CENTINELA 2ND CONCENTRAT
Slide 13: Projects update
PROJECTS UPDATE Los Pelambres Expansion Phase I – Desalination plant Zaldívar Chloride Leach Centinela – Esperanza Sur Pit
Slide 14: Innovation
INNOVATION ▪ Primary sulphides leach (Cuprochlor-T®) industrial scale Strategic testing underway Initiatives ▪ Low cost bulk material movement technologies ▪ Thickened tailings and real time monitoring Online ▪ Open online collaboration platform Collaboration Platform ▪ Over 20 efficiency and cost r
Slide 15: 2020: Resilience and flexibility
2020: RESILIENCE AND FLEXIBILITY Safety Financial results Record year of safety EBITDA: $2,739m performance EBITDA margin2: 53% No fatal accidents EPS3: 54.7 c/share LTIFR1: 0.86 Copper production Net cash cost 733,900 tonnes $1.14/lb In line with guidance Below guidance 1 Lost Time Injury Frequency
Slide 16: Our priorities for 2021 and beyond
OUR PRIORITIES FOR 2021 AND BEYOND Continuing our record of zero fatalities and protecting employees and communities from COVID-19 Embed climate change and sustainability strategy across all decision making Maintaining operating resilience and flexibility Continuous productivity improvements to opti
Slide 17: Developing mining for a better future
Antofagasta plc Annual General Meeting CEO’s Presentation Iván Arriagada Chief Executive Officer 12 May 2021 Developing mining for a better future