Antofagasta Plc · LSE:ANTO
Antofagasta — Shareholder Meeting (May 2022)
15 slides from Antofagasta's shareholder meeting presentation, May 11, 2022
Slide 1: Developing mining for a better future
Annual General Meeting CEO’s Presentation Iván Arriagada Chief Executive Officer 11 May 2022 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: CULTURE Shared values and STRATEGY People Developing mining the way we work Safety & Sustainability Competitiveness for a better future PEOPLE Growth Innovation ORGANISATION Designed to deliver results and growth 3
Slide 4: Safety and health: our top priority
Safety and health Our top priority Safety performance: Fatalities, HPI and LTIFR 316 217 86 65 1.53 1.59 1.34 1.01 0.86 1 1 2017 2018 2019 2020 2021 High Potential Incidents (HPI) High Potential Lost Time Injury Frequency Rate (LTIFR) A fatality after Fatalities Incidents 33 months decreased by 24%
Slide 5: Our people: promoting diversity and inclusion
Our people Workforce of Promoting diversity and inclusion 26,991 including contractors Female employee participation1 17.2% 25.5% Employees 14.7% 74.5% 9.5% 8.4% 8.6% Contractors 2017 2018 2019 2020 2021 17.2% Female employees1 Target achieved one year early 77% of employees unionised 1 Direct emplo
Slide 6: Climate change
Climate change Committed to being part of the solution GHG emission targets Sea and recirculated water 30% Carbon neutral More than 90% reduction by 2025 by 2050 of total operational use by 2025 6
Slide 7: Environment
Environment Ensuring the sustainable development of our operations Responsible producer 100% 83% 45% renewable of water sea water in energy by used is 2021 2022 recirculated Centinela & Zaldívar Biodiversity 7
Slide 8: Communities: Creating shared value
Communities Creating shared value 8
Slide 9: Reliable and responsible copper producer: Growth options
Reliable and responsible copper producer Growth options 2021 2022 2023 2024+ LOS PELAMBRES EXPANSION - PHASE 1 Desalination Concentrator PHASE 2 plant plant (in construction) (in FS stage) Cu +60 ktpa | Capex $2.2 bn1 (including desalination plant) Cu +35 ktpa | Capex $0.5 bn2 15 year LOM extension
Slide 10: Growth projects update
Growth projects update Zaldívar Chloride Leach Los Pelambres Expansion Phase I – Desalination plant Centinela – Esperanza Sur Pit 10
Slide 11: Exploration
Exploration Cachorro maiden resource declared Inferred resource 142 mt @1.21% Cu 11
Slide 12: Innovation and technology
Innovation and technology New ways to operate and develop Autonomous trucks at Centinela’s Remote Primary sulphides leach Esperanza Sur pit Operating Centre (Cuprochlor-T®) 12
Slide 13: 2021 Performance: Strong result in challenging times
2021 Performance Strong result in challenging times Safety Financial results High Potential Incidents EBITDA: $4.8 bn decreased by 24% EBITDA margin2: 65% 1 fatal accident EPS3: 142.5 c/share LTIFR1: 1.34 Copper production Net cash cost 721,500 tonnes $1.20/lb In line with adjusted guidance Below gu
Slide 14: Current political and fiscal events in Chile
Current political and fiscal events in Chile Providing a basis for greater social cohesion New government Proposed new mining Constitutional royalty Convention 14
Slide 15: Our priorities for 2022 and beyond
Our priorities for 2022 and beyond Continuing our target of zero fatalities and protecting employees and communities from COVID-19 Embedding our climate change and sustainability strategy in all decision making Maintaining operating resilience and flexibility Continuing productivity improvements to