Anglo American Plc · LSE:AAL
Anglo American — Shareholder Meeting (2022)
13 slides from Anglo American's shareholder meeting presentation, 2022
Slide 1: Annual General Meeting – Stuart Chambers, Chairman
AngloAmerican Annual General Meeting Stuart Chambers Chairman
Slide 2: Annual General Meeting – Mark Cutifani, Chief Executive
AngloAmerican Annual General Meeting Mark Cutifani Chief Executive
Slide 3: SHE performance – drive for a safe & healthy future
SHE performance – drive for a safe & healthy future Safety Health Environment Group TRCFR6,7 Fatalities6 Occupational health – new cases6,8 Level 3 & above significant incidents6,9 5.42 209 30 3.17 96 101 2.66 15 2.21 2.14 2.24 2.25 39 6 9 30 16 2 1 1 1 5 4 0 0 2 2 1 2013 2017 2018 2019 2020 2021 20
Slide 4: 'WeCare' approach: Covid & resilience
‘WeCare’ approach: Covid & resilience Responsible & holistic approach protecting lives & livelihoods in our workforce & communities Robust operating protocols & Rigorous testing approach controls Mental health & gender-based Successful vaccine programme violence support delivered Anglo American / ©
Slide 5: FY 2021 results
FY 2021 results Production EBITDA Mining EBITDA margin 5% $20.6bn 56% Unit cost, FX neutral EPS ROCE 10% $7.22/sh 43% Up 16% including FX Anglo American / © 2022 6
Slide 6: Significant improvement in our cost curve position
Significant improvement in our cost curve position Average margin adjusted cost curve position over time 2013 2021F -20% -21% 49% -8% 45% +13% 43% +3% 39% 41% 37% 36% 29% 27% 22% Peer 1 Peer 2 Peer 3 Peer 4 Anglo American / © 2022 7
Slide 7: Cost and volume improvements on track
Cost and volume improvements on track $3.5-4.5bn Up to Projects: 2022-23 $2.0bn Quellaveco Marine Diamonds Namibia 2021 delivery vs 2017 Technology & Innovation: 2020-23+ Predictive Maintenance Bulk Ore Sorting rollout Up to Coarse Particle Recovery $2.5bn Operating Model & P101: 2017-23 $1.4bn Copp
Slide 8: Balanced capital allocation framework
Balanced capital allocation framework 2021 allocation of capital Sustaining attributable free cash flow 2021 dividend at 40% of underlying earnings Growth capex ($1.8bn) & additional shareholder returns ($2.6bn) Anglo American / © 2022 9
Slide 9: Driving towards a sustainable future
Driving towards a sustainable future Cu Eq production Met Coal Diamonds Greener World Transition enabling Electrified World High quality Copper Iron Ore ~85% Future Consumer World enabling Crop Nutrients Nickel & Manganese PGMs Anglo American / © 2022 10
Slide 10: Innovation: a safer, cleaner, smarter future
Innovation: a safer, cleaner, smarter future Anglo American / © 2022 11
Slide 11: People: promoting an inclusive and diverse work environment
People: promoting an inclusive and diverse work environment Holistic strategy to attract, retain and develop talent Inclusive Valued & respected Safe & enabling Fair & supportive leadership colleagues environment workplace Top 50 most inclusive Listed in Bloomberg Awareness & action Comprehensive co
Slide 12: Purpose: to re-imagine mining to improve people's lives
Purpose: to re-imagine mining to improve people’s lives Effectiveness Efficiency Sustainability >10% 15-20% 7 Free Cash Flow ROCE Pillars of Value (on capital employed) 2021 31% 43% Embedded Anglo American / © 2022 13
Slide 13: Thank you
Thank you www.angloamerican.com