{
  "docId": "019de517-e7f8-7279-8d98-4d74f2a303cc",
  "docSlug": "73e8916e02746251b6a0f66c6efec5cd",
  "documentTitle": "AngloAmerican | Results Presentation Deck | 88 slides",
  "authorId": "angloamerican",
  "authorName": "AngloAmerican",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 40,
  "pageCount": 88,
  "prevPage": 39,
  "nextPage": 41,
  "slideType": "appendix",
  "function": "appendix",
  "density": "dense",
  "nDataPoints": 10,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de517-e7f8-7279-8d98-4d74f2a303cc/40",
  "deckHref": "/decks/019de517-e7f8-7279-8d98-4d74f2a303cc",
  "deckJsonHref": "/decks/019de517-e7f8-7279-8d98-4d74f2a303cc.json",
  "deckAnchorHref": "/decks/019de517-e7f8-7279-8d98-4d74f2a303cc#slide-40",
  "components": [
    {
      "bbox": {
        "h": 0.74,
        "w": 0.91,
        "x": 0.045,
        "y": 0.18
      },
      "kind": "list",
      "text": "1. Capex savings in 2023-2025 calculated comparing latest guidance to previously published guidance. 2026 capex saving of ~$0.4bn is versus previous budget.\n2. Attributable copper equivalent production calculated using long term prices. Future production levels (~2035) are indicative and subject to further studies and final approval, see Cautionary Statement slide.\n3. Indicative and subject to the progress of permitting and studies. Sakatti is a polymetallic resource and therefore, included in copper equivalent terms.\n4. Subject to studies, final design & Board approval. Volume ramp-up will be market-led.\n5. Based on a potential circa doubling of Minas-Rio's ~31Mtpa capacity from expansion opportunities that will be assessed following the transaction to acquire and integrate the contiguous Serra da Serpentina resource with Minas-Rio mine.\n6. Data relates to subsidiaries and joint operations over which Anglo American has management control. Data excludes results from De Beers' joint operations in Namibia and Botswana.\n7. Total Recordable Injury Frequency Rate per million hours worked.\n8. 2021 fatalities was previously restated as a colleague tragically passed away in 2022 following complications after an accident in 2021.\n9. Copper equivalent production is calculated including the equity share of De Beers' production and using long term forecast prices.\n10. Metrics on an underlying basis - before special items and remeasurements, adjusted to include the Group's attributable share of associates' and joint ventures' results.\n11. Copper equivalent unit costs are shown on nominal terms and calculated as the total USD cost base divided by copper equivalent production.\n12. Margin represents the Group's underlying EBITDA margin for the mining business. It excludes the impact of non-mining activities (eg PGMs purchase of concentrate, sales of non-equity product by De Beers, third party trading activities performed by Marketing) & at a Group level reflects Debswana accounting treatment as a 50:50 joint operation.\n13. Attributable ROCE is defined as attributable underlying EBIT divided by average attributable capital employed. It excludes the portion of the return and capital employed attributable to non-controlling interests in operations where the Group has control but does not hold 100% of the equity.\n14. Price variance calculated as increase/(decrease) in price multiplied by current period sales volume.\n15. Inflation variance calculated using CPI on prior period cash operating costs that have been impacted directly by inflation.\n16. Volume plus cost. Volume: increase/(decrease) in sales volumes multiplied by prior period EBITDA margin (ie flat unit costs, before CPI). For assets with no prior period comparative (eg in ramp up) all EBITDA is included in the volume variance. Cost: change in total USD costs before CPI inflation.\n17. Nickel unit cost increase is +5% (2023 vs 2022); De Beers is +20% for consolidated share of production & operating costs.\n18. ETR is presented on an underlying basis - excludes tax related to special items and remeasurements, adjusted to include the Group's attributable share of associates' and joint ventures' ETR.\n19. 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.\n20. Other includes capital repayments of lease obligations and dividends from associates, joint ventures and financial asset investments.\n21. Refer to appendix slide 48 for production guidance footnotes for each business.\n22. All-in-sustaining cost is based on per ounce of 3E PGMs.\n23. Refer to appendix slide 49 for unit costs guidance footnotes for each business.\n24. Scopes 1 and 2 emissions.\n25. Sakatti is a polymetallic resource expressed in copper equivalent terms.\n26. Subject to normal completion adjustments. Refer to RNS called \"Anglo American secures additional multi-billion tonne high quality iron ore resource at Minas-Rio\" dated 22 February 2024 for further details.\n27. Serpentina information as stated in Vale's technical report: 'Iron Ore Resources Assessment for the Serpentina Hills Project'.",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cd538d1b-7515-4888-b978-7c2f130ff4f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.01,
        "w": 0.09,
        "x": 0.045,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Anglo American",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4c62cc6d-5383-4f21-9e62-dceb12678bff",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.24,
        "x": 0.045,
        "y": 0.049
      },
      "kind": "title",
      "text": "Footnotes",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c750d23c-b064-44fc-8a90-b308be7422bc",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 88,
      "from": 39,
      "beatId": "8898772e-61c4-43d5-85f3-772fd887d7c2",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Impact & Next Steps",
      "beatSlug": "consultants-gambit-impact-next-steps",
      "evidence": "The document concludes with a discussion of the company's investment proposition, guidance, and outlook.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}