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  "docSlug": "6aa91f1242b9f489d8569cd3689ddfeb",
  "documentTitle": "AngloAmerican | Investor Presentation Deck | 40 slides",
  "authorId": "angloamerican",
  "authorName": "AngloAmerican",
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  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-01-01 00:00:00",
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  "pageNumber": 31,
  "pageCount": 40,
  "prevPage": 30,
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  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 40,
  "notes": null,
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  "metadataConfidence": 0.9,
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  "slideHref": "/slides/019de517-b4d8-77b5-9ea7-2f2b037a4fcd/31",
  "deckHref": "/decks/019de517-b4d8-77b5-9ea7-2f2b037a4fcd",
  "deckJsonHref": "/decks/019de517-b4d8-77b5-9ea7-2f2b037a4fcd.json",
  "deckAnchorHref": "/decks/019de517-b4d8-77b5-9ea7-2f2b037a4fcd#slide-31",
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      "kind": "source-note",
      "text": "1. Cash expenditure on property, plant and equipment including related derivatives, net of proceeds from disposal of property, plant and equipment and includes direct funding for capital expenditure from non-controlling interests. Guidance includes unapproved projects and is, therefore, subject to the progress of project studies, and unapproved Woodsmith capex of ~$1bn pa is included after 2024. Long-term sustaining capex guidance is shown on a 2023 real basis.\n2. Underlying ETR is highly dependent on a number of factors, including the mix of profits and any corporate tax reforms impacting the countries where we operate, and may vary from guidance.\n3. Attributable share of Collahuasi desalination capex at 44%.",
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      "kind": "table",
      "text": "Other\nNet debt: EBITDA: <1.5x bottom of cycle\n2023 net interest paid: ~$0.7bn\n2023 working capital build: ~$1.5bn",
      "attrs": null,
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      "kind": "table",
      "text": "Capex¹ (numbers in brackets are previous guidance)\n2023\nGrowth ~$5.8bn (~$6.0bn)\nSustaining ~$1.4bn (~$1.5bn)\nBaseline ~$4.4bn (~$4.5bn)\nLifex ~$3.4bn (~$3.5bn)\nCollahuasi desalination³ ~$0.6bn ~$0.4bn\n2024\nGrowth ~$5.7bn ($6.3-6.8bn incl. Woodsmith)\nSustaining ~$1.2bn (~$1.8bn incl. Woodsmith)\nBaseline ~$4.5bn ($4.5-5.0bn)\nLifex ~$3.4bn ($3.5-4.0bn)\nCollahuasi desalination³ ~$0.7bn ~$0.4bn (~$0.3bn)\n2025\nGrowth ~$5.7bn ($5.8-6.3bn incl. Woodsmith)\nSustaining ~$1.3bn (~$1.8bn incl. Woodsmith)\nBaseline ~$4.4bn ($4.0-4.5bn)\nLifex ~$3.5bn ($3.2-3.7bn)\nCollahuasi desalination³ ~$0.7bn (~$0.5bn) ~$0.2bn (~$0.3bn)\n2026 (new)\nGrowth ~$5.3bn\nSustaining ~$1.3bn\nBaseline ~$4.0bn\nLifex ~$3.5bn ~$0.5bn\nLT sustaining $3.0-3.5bn + lifex",
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      "text": "Earnings (numbers in brackets are previous guidance)\nVolumes See slide 32-33\nUnit costs See slide 34\n2023 depreciation ~$2.8bn ($3.0-3.2bn)\n2024 depreciation ~$3.0-3.2bn\n2023 underlying effective tax rate ~39%2 (36-38%)\n2024 underlying effective tax rate ~40-42%2\nLT underlying effective tax rate ~35-39%2 (33-37%)\nDividend pay-out ratio 40% of underlying earnings",
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      "kind": "title",
      "text": "Guidance summary",
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