AngloAmerican Results Presentation Deck
GUIDANCE SUMMARY: ALL GUIDANCE UNCHANGED
Earnings
Volumes: See slide 40-41
Unit costs: See slide 42
2021 depreciation: $3.2-3.4bn
2021 effective tax rate: 30-32% ²
Effective tax rate going forward:
30-33%²
Dividend pay-out ratio: 40%
1.
2021
- Growth
2.
3.
Includes Woodsmith
- Sustaining
Baseline
Lifex
20221
Capex1
- Growth¹
Sustaining
Baseline
Lifex
Collahuasi desal
$5.7-6.2bn
$2.0-2.5bn
20231
- Growth¹
- Sustaining
Baseline
Lifex
Collahuasi desal
-$0.5bn
-$3.7bn
~$3.0bn
~$0.7bn
$5.7-6.2bn
$1.5-2.0bn
-$4.2bn
-$3.0bn
-$0.9bn
-$0.3bn
$5.6-6.1bn
$1.5-2.0bn
-$4.1bn
-$3.0bn
~$0.8bn
-$0.3bn
LT sustaining¹ -$3.0bn + lifex
Other
Quellaveco copper project
2021 capex³: 100% $1.3-1.6bn;
our share $0.8-1.0bn
- Our share of capex included in
capex guidance
- Mitsubishi share of capex
increase to net debt (slide 51)
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 and reimbursement of capital expenditure. Shown excluding capitalised operating cash flows. Consequently, for Quellaveco, reflects attributable share of capex, see
slide 51. Guidance includes unapproved projects and is, therefore, subject to progress of growth project studies and Woodsmith is excluded after 2021 pending completion of technical review.
ETR is highly dependent on a number of factors, including the mix of profits, and may vary from the guided ranges.
Excludes the coarse particle recovery capex approved in February 2021.
AngloAmerican
Net debt:EBITDA:
<1.5x bottom of cycle
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