Antofagasta Plc · LSE:ANTO
Antofagasta — Shareholder Meeting (May 2018)
21 slides from Antofagasta's shareholder meeting presentation, May 23, 2018
Slide 1: 2017 Performance Annual General Meeting
2017 Performance Annual General Meeting Iván Arriagada Chief Executive Officer 23rd May 2018
Slide 2: Highlights 2017
Highlights 2017 People Environment Social Transparency and Economic Development Corporate Governance Performance
Slide 3: Our First Priority: People
Our First Priority PEOPLE Ady ANTOFAGASTA PLC
Slide 4: Safety and Health
SAFETY AND HEALTH ► Fatal accidents No accidents since April 2016 0 ► Lost Time Injury Frequency Rate (LTIFR 1.4) Best ever result 7% ► Near miss reporting 162% ► Safety and Health Model updated 2017 compared to 2016 4
Slide 5: People
PEOPLE ► Labour negotiations completed: 3 Centinela 2 Los Pelambres 2 Zaldivar ► New Diversity and Inclusion Strategy
Slide 6: Social Development
SOCIAL DEVELOPMENT
Slide 7: Community Relations
COMMUNITY RELATIONS DIALOGUE ► No material incidents were reported COLLABORATION by communities near to the operations TRACEABILITY ► Continuing consolidation of Somos Choapa at Los Pelambres and Diálogos EXCELLENCE para el Desarrollo at the northern operations TRANSPARENCY
Slide 8: Built a Technical College with Universidad Católica del Norte
Built a Technical College, jointly with Universidad Católica del Norte in Los Vilos for 300 students
Slide 9: Environment
ENVIRONMENT ~~ — ~ SS
Slide 10: Environmental Authority approved Incremental Expansion at Los Pelambres
Environmental Authority approved the Incremental Expansion at Los Pelambres in February Favourable review Unanimously approved Desalination plant included
Slide 11: Water
WATER ► Group’s seawater consumption 45% 29.2 mm3 of total 26.6 mm3 20.6 mm3 ► Seawater consumption in Centinela 88% of total 2015 2016 2017 mm3 = million cubic metres
Slide 12: Energy
ENERGY ► Group renewable energy consumption (wind and solar) 21% of total 21% 17% ► Renewable energy consumption at Los Pelambres 54% of total 5% ► Energy contracts favour lower-emission 2015 2016 2017 sources
Slide 13: Environmental Assurance
ENVIRONMENTAL ASSURANCE ► Environmental Management ► Compliance programme Model updated agreed with environmental regulator
Slide 14: Climate Change
CLIMATE CHANGE Group committed to ► Target: 300,000 reduce its impact on Tonnes of CO2 climate change ► Equivalent to: 3% Reduction of greenhouse gas intensity (GHG), from 2018 to 20221 1 Reduction relative to 2017 Base Case forecast
Slide 15: Transparency and Corporate Governance
TRANSPARENCY AND CORPORATE GOVERNANCE
Slide 16: Corporate Governance
CORPORATE GOVERNANCE ► Reviewed and refined our Risk Management System ► Re-certified our Crime Prevention Model (bribery, terrorism financing) ► Whistle-blower hot line active and Ethics Committee periodically reporting to the Board
Slide 17: Economic Performance
Fan ~ ee > [s\ ECONOMIC PERFORMANCE
Slide 18: A Year of Solid Progress
A YEAR OF SOLID PROGRESS ►Production 704,300 T/FCu ►Net cash costs $1.25/lb ►EBITDA $2,587m ►EBITDA MARGIN 54.6 % 2017 compared to 2016
Slide 19: Priorities for 2018
Nuestra mirada para el 2018 PRIORITIES FOR 2018
Slide 20: Our Priorities for 2018
OUR PRIORITIES FOR 2018 • Zero fatalities Value and profitable • Continue to deliver on guidance growth over • Prepare for grade improvement in 2019 volume • Capture an additional cost savings • Commit to Los Pelambres expansion • Define the highest return Centinela expansion alternative
Slide 21: 2017 Performance
2017 Performance