Anglo American — Bulks Seminar & Site Visit, Brisbane 2019

5 slides from Anglo American's conference presentation, Nov 12, 2019

Slide 1: Samancor & Cerrejón
SAMANCOR & CERREJÓN Seamus French, Bulks CEO Bulks Seminar & Site Visit: Brisbane, 12 November 2019
Slide 2: Bulks: High Quality JV & Associate
BULKS: HIGH QUALITY JV & ASSOCIATE Samancor Cerrejón the world’s leading world class quality manganese producer thermal coal (40% Anglo American share) (33% Anglo American share) 22
Slide 3: Samancor: Largest and Low Cost Producer
SAMANCOR: LARGEST AND LOW COST PRODUCER Quality asset base… …with attractive returns H1 2019 EBITDA margin 14% of global production GEMCO (Australia) Q1 on cost curve ~6Mtpa, ~44% grade ore 52% H1 2019 ROCE >50 year life Wessels Premium ore grade (South Africa) Q2 on cost curve ~42% grade 142% 2034
Slide 4: Cerrejón: A World Class Operation Actively Responding to Market Conditions
CERREJÓN: A WORLD CLASS OPERATION ACTIVELY RESPONDING TO MARKET CONDITIONS Low cost, high quality Volumes adjusted to demand Q1 10% Cost curve position Lower volumes protect margins with soft Atlantic demand 6,200kcal/kg Benchmark quality ~26Mtpa $445m Next 5 years production (100%) Dividend stream
Slide 5: Footnotes
FOOTNOTES 1. Reserve life from AA plc Ore Reserves and Mineral Resources Report 2018. 55