Antofagasta Plc · LSE:ANTO
Antofagasta — Shareholder Meeting (May 2023)
19 slides from Antofagasta's shareholder meeting presentation, May 10, 2023
Slide 1: Developing mining for a better future
Developing mining for a better future Annual General Meeting CEO’s Presentation Iván Arriagada | Chief Executive Officer 10 May 2023
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
Our purpose Developing mining for a better future 3
Slide 4: The role of copper as a critical metal
The role of copper as a critical metal Carbon neutral world requires more metals Batteries Building Automation STORAGE Heat Pumps Wastewater Heat Recovery Solar Panels Electro-Processing SUPPLY ELECTRICITY END USE Motor Systems Wind Mills GRID Electric Vehicles Charging Infrastructure Interconnector
Slide 5: Sustainability: Leading through high standards
Sustainability Leading through high standards Each of our four mining operations has been awarded the Copper Mark ICMM performance expectations - external independent certification Recognized as an outstanding company of 2022 in ESG criteria by Ernst & Young Chile 5
Slide 6: Safety and health: Our top priority
Safety and health Our top priority Safety performance: Fatalities, HPI and LTIFR 217 86 65 42 7 1.34 1.01 0.86 0.84 0.41 1 2019 2020 2021 2022 Q1 2023 High Potential High Potential Incidents (HPI) Lost Time Injury Frequency Rate (LTIFR) Zero fatalities Incidents in 2022 Fatalities since July 2021 de
Slide 7: Our people: Promoting diversity and inclusion
Our people Promoting diversity and inclusion 30.0 Female employees +46% Mining division 1 20.6 Chilean mining industry 17.4 +18% 14.7 15.2 14.3 8.4 11.3 9.5 8.4 8.6 2017 2018 2019 2020 2021 2022 2023 2024 2025 In 2022, 1 in 5 of our employees were female 1 Source: Consejo Minero 7
Slide 8: Environment and climate change
Environment and climate change Committed to emissions reduction and efficient water use 100% renewable energy since April 20221 1 million tCO2e reduction2 in Scope 2 emissions 84%3 of water used is recirculated 45%3 of water used is from the sea GHG emission targets Reducing continental water usage
Slide 9: Global Industry Standard on Tailings Management
Global Industry Standard on Tailings Management Keeping communities and environment safe and healthy Relevant implementation activities • Tailings Management System, Governance and integration with Social and Environmental Management System • Risk assessments and ALARP (“as low as reasonably practic
Slide 10: Communities: Creating social and economic value for all
Communities Creating social and economic value for all Improved access to Expanded our EnRed water programme $57m +80 Localities +500 Families Social value creation investment Scholarship Suppliers for a Better programme Future programme +950 Students +40 Suppliers 10
Slide 11: Family health centre
Family health centre Getting health closer to communities Public and private contributions1 ✓ Los Pelambres +US$2.5m ✓ Government entities +US$1.2m Localities served (+6,500 people benefited) ✓ Batuco ✓ Chillepín ✓ Cuncumén ✓ Coirón ✓ Tranquilla ✓ Punta Nueva Infrastructure and services ✓ 1,450m2 bu
Slide 12: Growth portfolio update: Developing our projects
Growth portfolio update Developing our projects Cachorro Los Pelambres Centinela Second Los Pelambres Expansion Phase 2 Concentrator Expansion Phase 1 Esperanza Sur Pit Encierro Zaldivar Chloride Leach EXPLORATION FOCUSED ON CHILE, PERU, USA AND CANADA Exploration Development Construction Completed
Slide 13: Los Pelambres Expansion Phase 1
Los Pelambres Expansion Phase 1 Desalination Plant Concentrator Plant • At the end of Q1 2023 was 96.8% complete • At the end of Q1 2023 was 95.7% complete • Water has successfully been pumped through the entire • Commissioning will begin in the second quarter of 2023 water system 13
Slide 14: Recent exploration success
Recent exploration success Group mineral resources increased by 920Mt Cachorro • Inferred resources 242Mt @1.21% Cu. 70% increase since 2021 Cachorro • Important manto-type deposit in the coastal metallogenic belt of northern Chile • Drilling continues in 2023 • Located between Antucoya and Centinel
Slide 15: Innovation and technology update
Innovation and technology update Improves operations’ costs and productivity Autonomous trucks Autonomous drilling Integrated operations Cuprochlor-T® centre 15
Slide 16: 2022 Performance
2022 Performance Safety Copper production Net cash cost Financial Results 0 fatalities EBITDA: $2.9 bn 646,200 tonnes $1.61/lb LTIFR1: 0.84 EPS2: 59.7 c/share Gender diversity Mineral Resources3 Water CO2e emissions4, 5 20.4% of our 84% of water used is 20.1bn tonnes 1.75 tCO2e/tCu employees women r
Slide 17: Current political and fiscal situation in Chile
Current political and fiscal situation in Chile Proposed new mining royalty • Includes ad valorum and increased operating profit royalties • In January 2023 Bill approved by the Senate Mining and Energy Committee and passed to the Senate Treasury Committee for discussion • Will then be debated in th
Slide 18: Our priorities for 2023 and beyond
Developing mining for a better future Our priorities for 2023 and beyond • Committed to keeping our people and communities safe and healthy while creating further social value • Embedding our climate change and sustainability strategy across all our decision making and updating our climate change ta
Slide 19: Developing mining for a better future
Developing mining for a better future Annual General Meeting CEO’s Presentation Iván Arriagada | Chief Executive Officer 10 May 2023