AngloAmerican Results Presentation Deck
2020 SIMPLIFIED EARNINGS BY BU - NOTES
PGMs basket price
Iron ore realised price
Own mined
PGMs basket
Platinum
Palladium
Rhodium
Iridium, ruthenium & gold
Base metals & other29
Total revenue
PGM volume ³
Price Volume Revenue
Market price
$2,254/oz 689koz $1,552m
Freight
$10,710/oz 122koz $1,312m Moisture content
$876/oz 792koz $694m
Basket price (per PGM oz) 1⁹
313koz $239m
Lump premium
Fe premium
$4,123m Product premium
1,916koz Timing
$2,152/oz Realised FOB price
$326m
1. Manganese ($304m), Crop Nutrients ($1m), exploration ($(101)m) & central corporate activities
($ (44)m).
2. Proportionate share of sales volumes (19.2% Botswana, 50% Namibia): 9.1 Mct.
3. Own mined sales volumes including proportionate share of joint operation volumes. PGM ounces
are reported on a 5E+Au basis.
4. Excludes thermal coal sales.
5. Thermal Coal - South Africa & Cerrejón. Export sales & domestic sales at export parity pricing.
6. LME price, c/lb converted to $/tonne (2,204.62 lbs/tonne).
7. Platts 62% Fe CFR China.
8. MB 66% Fe concentrate CFR.
9. Weighted average of HCC/PCI prices, FOB Aus.
10. Weighted average FOB SA, FOB Col.
11. 64.3% Fe content, -68% of volume attracting lump premium.
12. 67.2% Fe content, pellet feed.
13. Volumes 82% HCC averaging 90% realisation of quoted low vol HCC price.
14. Total average ~90% realisation of quoted price.
15. Provisional pricing & timing differences on sales.
16. Freight partly offset by provisional pricing & other adjustments.
Anglo American
Kumba
$109/t7
$(12)/t
$7/t
$4/t
$1/t
$6/t
$115/t
Minas-Rio
$120/18 HCC
$(17)/t PCI
$(11)/t
$2/t
$4/t
Coal blended prices & unit costs
Coal weighted average
market prices & unit cost
Unit
cost
$9/t
$107/t
Weighted ave.
metallurgical coal⁹
Thermal FOB South Africa
Thermal FOB Colombia
$86/t
Price Volume
Weighted ave. thermal coal 10 $38/t
$124/t 13.8Mt
$78/t
3.0 Mt
$116/t 16.9 Mt
$38/t $65/t
$39/t $48/t 4.5Mt
16.6Mt
$61/t 21.1Mt
17. Freight & -9% moisture adjustment (converts dry benchmark to wet product) partly offset by
provisional pricing & other adjustments.
18. The realised price for proportionate share (19.2% Debswana, 50% Namibia) excluding the 3%
trading margin achieved in 2020.
19. Price for basket of own mined product per 5E+Au PGM oz. Covid & ACP disruptions impacting
mix relative to previous periods. Refer to FY 19 presentation for more typical mix.
20. Realised price adjusted to include Jellinbah. Unit cost is for managed operations only.
21. Weighted average Thermal Coal - South Africa export & Cerrejón.
22. Includes market development & strategic projects, exploration & evaluation costs, restoration &
rehabilitation costs and other corporate costs.
23. Includes release of royalty provision in H2 2020 as well as cost saving initiatives. Refer to FY 19
presentation for more typical spend, which is usually skewed to H2.
24. Includes costs related to Quellaveco. Higher than previous periods largely due to adjustments to
rehabilitation provisions, foreign exchange impacts & Covid-related costs.
25. Higher than previous periods due to Covid & ACP disruptions & foreign exchange impacts.
26. Higher than previous periods due to adjustments to stocks and rehabilitation & other provisions.
27. Principally processing & trading of product purchased from third parties.
28. Trading & Isibonelo domestic operation.
29. Nickel, copper, chrome & other metals.
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