AngloAmerican Results Presentation Deck
H1 2023 simplified earnings by Business - notes
Own mined
PGMs basket
Platinum
Palladium
Rhodium
Iridium, ruthenium & gold
Base metals & other 30
Total revenue
PGMs basket price
PGM volume4
Basket price (per PGM oz)13
Realised price
$1,033/oz
$1,544/oz
$8,994/oz
Volume Revenue
511koz
442koz
68koz
164koz
$528m Market price³1
$682m Freight
$612m
$204m
$324m
$2,350m
1,185koz
$1,983/oz
5. Proportionate share of sales volumes (19.2% Botswana, 50% Namibia): 6.2 Mct.
6. Excludes thermal coal by-product sales.
Moisture content32
Lump premium?
Fe premium
10. Sales volumes -78% HCC, averaging 95% realisation of quoted low vol HCC price.
11. Provisional pricing & timing differences on sales.
12. Freight and moisture. See Iron Ore realised price table above.
Other⁹
Realised FOB price
Iron Ore realised price
1. Total of Chile and Peru. Prices and costs are weighted average of Chile and Peru.
2. Wet basis. Total of Kumba and Minas-Rio. Prices and costs are weighted average of Kumba and Minas-Rio.
3. Manganese ($138m), Crop Nutrients ($(20)m), Exploration ($(65)m), corporate activities and unallocated costs ($55m gain).
4. Own mined sales volumes including proportionate share of joint operation volumes. PGM ounces are reported on a 5E+Au
basis.
basis
Total iron ore
7. LME price, c/lb converted to $/tonne (2,204.62 lbs/tonne).
8. Weighted average of HCC/PCI prices, FOB Aus. See Steelmaking Coal blended price table above.
9.
Kumba: 63.3% Fe content, -67% of volume attracting lump premium; Minas-Rio: 67% Fe content, pellet feed. Includes 'other' of
product premium and provisional pricing. See Iron Ore realised price table above, difference exists in "Other" total due to
rounding.
$123/t
$(17)/t
$(5)/t
$3/t
$3/t
$(2)/t
$105/t
Kumba
$118/t
$(14)/t
$(2)/t
$5/t
$3/t
$(4)/t
$106/t
Minas-Rio
$132/t
$(21)/t
$(10)/t
$4/t
$(1)/t
$104/t
HCC
PCI
Steelmaking Coal blended price
Weighted average steelmaking coal
Market price
$294/t
$261/t
13.Price for basket of own mined product per 5E+Au PGM oz. See PGMs basket price table above.
14. The realised price for proportionate share (19.2% Debswana, 50% Namibia) excluding the 2% trading margin achieved.
15. Realised price adjusted to include Jellinbah. Unit cost is for managed operations only.
16. Royalties for Copper Chile and Peru are recorded in the income tax expense line, after EBITDA. From 2024, the new Chile 31. Kumba: Platts 62% Fe CFR China; Minas-Rio: MB 65% Fe concentrate CFR.
mining royalty on sales will impact EBITDA.
32. Moisture adjustment converts dry benchmark to wet product. Kumba: -1.6%; Minas-Rio: -9%.
Anglo American
$287/t
Sales Volume
5.4Mt
1.5Mt
6.9 Mt
17. Royalties for Nickel, in Brazil, are based on production costs incurred.
18. Weighted average. Kumba: $2/t; Minas-Rio: $4/t.
20.
19. Includes market development & strategic projects, exploration & evaluation costs, restoration & rehabilitation costs and other
corporate costs.
Weighted
average. Chile: 56c/lb; Peru: 22c/lb. Chile is higher than previous period due to FX movements and lower sales
volumes. Difference exists in the copper total due to rounding.
21.Higher than previous period as H1 2022 benefitted from a one-off credit.
22. Higher than previous period partly reflecting lower sales volumes.
23. Higher than previous period largely due to lower earnings from Element Six, brands and consumer markets and lower equity
sales volumes.
24.Weighted average. Kumba: $7/t; Minas-Rio: $9/t. Difference exists in the iron ore total due to rounding.
25. Reflects the benefit of the margin achieved on the sales of thermal coal by-product and a favourable contribution from non-
managed operations.
26. Principally processing & trading of product purchased from third parties.
28. Reflecting a reduction in Pomargins and the negative impact of POC inventory adjustments due to lower PGM prices.
average. Chile: -91%; Peru: 60%.
29. Weighted average. Kumba: -53%; Minas-Rio: 100%.
30.Nickel, copper, chrome & other metals.
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