H1 2023 EBITDA Overview and Oyu Tolgoi Outlook

Minerals Challenging market conditions; forest fires at IOC impact production Underlying EBITDA H1 2023 vs H1 2022 $m 1,259 H1 2022 underlying EBITDA (197) 74 14 1,094 (21) (21) (100) (221) 689 (84) Price Exchange rates Energy Inflation Flexed H1 2022 underlying EBITDA Volumes and Mix Cash costs Other¹ Rio Tinto ©2023, Rio Tinto, All Rights Reserved 1Other includes Non-cash costs and Exploration & Evaluation expense H1 2023 underlying EBITDA 47 47

View entire presentation