Glencore Plc · LSE:GLEN
Glencore — Shareholder Meeting (2021)
13 slides from Glencore's shareholder meeting presentation, 2021
Slide 1: Our AGM purpose
20 Our AGM 21 purpose Responsibly sourcing the commodities that advance everyday life
Slide 2: Important Notice Concerning This Document Including Forward Looking Statements
IMPORTANT NOTICE CONCERNING THIS DOCUMENT INCLUDING FORWARD LOOKING STATEMENTS This document contains, or incorporates by reference, statements that are, or may be deemed to be, “forward-looking statements”, which are prospective in nature. These forward- looking statements may be identified by the
Slide 3: Highlights
HIGHLIGHTS Ivan Glasenberg Chief Executive Officer 2021 AGM
Slide 4: 2020 Scorecard
2020 SCORECARD Healthy cash Resilient Industrial Outstanding Strong generation asset performance marketing results balance sheet • Our adaptable business • $7.8bn Adj.EBITDA -13% y/y: • $3.3bn Adj EBIT: • Net debt $15.8bn, model adjusted quickly to strong metals performance +c.$1bn y/y (+41%) succes
Slide 5: Sustainability Performance
SUSTAINABILITY PERFORMANCE Total recordable Fatalities injury frequency rate(1) 8 2.6 16 17 13 3.7 3.1 3.2 2.9 9 8 2.6 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Employees & Lost time injury contractors frequency (‘000) 158 160 rate(1) 155 145k 0.94 1.22 146 1.02 1.06 0.99 0.94 145 2016 2017
Slide 6: Uniquely Positioned
UNIQUELY POSITIONED 2021 AGM
Slide 7: Goal of 2050 Net Zero Emissions Will Shape Our Future
GOAL OF 2050 NET ZERO EMISSIONS WILL SHAPE OUR FUTURE Decarbonising energy demand … … needs significant metals supply growth … Forecast commodity demand under a Rapid Transition 1.5°C pathway 5.0 Billion tonnes Market size(1) oil equivalent 2019=100 13ktpa cobalt 225ktpa nickel annual average annual
Slide 8: Growing Mine Supply Will Be Challenging
GROWING MINE SUPPLY WILL BE CHALLENGING … from a sector that has seen limited investment and subsequent new resource discoveries Copper mine project pipeline(1): Indexed, 2001=100 Today: Copper mine 250 project pipeline at • Limited inventory of shovel ready projects pre-supercycle • Lower head grad
Slide 9: We Are a Leading Supplier of These Metals
WE ARE A LEADING SUPPLIER OF THESE METALS… Our portfolio is populated with large- scale, long-life and high margin assets Cu Co Ni Al Zn V Transition • Batteries • Electronics & • Electronics & • Mobility • Batteries • Batteries application • Solar power connected connected • Packaging • Solar power
Slide 10: We Support the Transition by Decarbonising Our Emissions Footprint
AND WE SUPPORT THE TRANSITION BY DECARBONISING OUR EMISSIONS FOOTPRINT Out pathway to Net-zero total CO2e emissions(1,2) 2019 total emissions In the medium term we target a 40% 376Mt reduction in total CO2e emissions(1) Scope 1+2 By 2050 we have Primarily set ourselves the Scope 3 net coal ambition
Slide 11: Our Approach Is Unique in Our Sector
OUR APPROACH IS UNIQUE IN OUR SECTOR Glencore is committed to Scope 1+2 emissions are a medium term Paris Our ambition is to be a Net fraction of the industry’s alignment of total CO2e zero total CO2e emissions total emissions footprint emissions company by 2050 2019 total CO2e emissions (Mt)(1) Med
Slide 12: Uniquely Positioned for the Future
UNIQUELY POSITIONED FOR THE FUTURE The right strategy The right business model • Achieving net zero global • Responsive and flexible business emissions by 2050 will be model that adapts to the themes challenging – it requires rapid and of the future and customers’ far-reaching transitions with deep
Slide 13: Our AGM purpose
20 Our AGM 21 purpose Responsibly sourcing the commodities that advance everyday life