| --- | --- | |-------------------------|-------| | | | | | | | 2021 Full Year results | | Operations Centre, Perth. Western Australia Cautionary and supporting statements This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (together with their subsidiaries, "Rio Tinto"). By accessing/attending this presentation you acknowledge that you have read and understood the following statement. Forward-looking statements This presentation includes "forward-looking statements" within the meanin ...

Rio Tinto PLC (NYSE:RIO) Q4 2021 Earnings Conference Call February 22, 2022 3:30 AM ET Company Participants Menno Sanderse - Head, IR Jakob Stausholm - CEO & Executive Director Peter Cunningham - CFO & Executive Director Conference Call Participants Paul Young - Goldman Sachs Group Jason Fairclough - Bank of America Merrill Lynch Hayden Bairstow - Macquarie Research Alain Gabriel - Morgan Stanley Lyndon Fagan - JPMorgan Chase & Co. Liam Fitzpatrick - Deutsche Bank Kaan Peker - RBC Capital Markets Robert Bra ...

| --- | --- | --- | |---------------------------------------------------------------------------------|-------|-------| | | | | | | | | | 2021 | | | | Half Year Results | | | | 28 July 2021 | | | | Karratha's Red Earth Arts Precinct, the Pilbara. Rio Tinto is a funding partner | | | Cautionary and supporting statements This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (together with their subsidiaries, "Rio Tinto"). By accessing/attending this presentation you acknowledge that you h ...

Summary of Rio Tinto Group First Half 2021 Earnings Conference Call Company Overview - **Company**: Rio Tinto Group (NYSE: RIO) - **Date of Call**: July 28, 2021 - **Participants**: CEO Jakob Stausholm, CFO Peter Cunningham, and various analysts from major financial institutions Key Industry Insights - **Mining Industry**: The mining sector benefited from government recognition as an essential business during COVID-19, allowing operations to continue despite restrictions [5][6] - **Commodity Demand**: Strong global demand for commodities, particularly iron ore, aluminum, and copper, driven by economic recovery and government stimulus [9][10][12] - **Iron Ore Market**: China's steel demand increased by 9% year-on-year, with global demand recovering by 15% compared to the previous year, leading to a doubling of iron ore prices [9][10] Financial Performance Highlights - **EBITDA**: Achieved $21 billion, with a return on capital employed of 50% [5][6] - **Free Cash Flow**: Exceeded $10 billion, with a total dividend commitment of $9.1 billion to shareholders [6][28] - **Revenue Growth**: Revenue increased by 71%, primarily due to higher commodity prices, especially iron ore [12] - **Underlying Earnings**: Recorded at $12.2 billion, just below the full-year 2020 level [12] Operational Challenges - **Production Issues**: Experienced a 5% reduction in iron ore production due to operational instability, adverse weather, and COVID-19 restrictions [15][16] - **Cultural Heritage Management**: Ongoing management of cultural heritage sites impacted production, with approximately 2 million tonnes lost in the first half [52] Strategic Initiatives - **Jadar Project**: Committed $2.4 billion for the Jadar lithium-borates project, positioning Rio Tinto in the battery materials market, with expected demand growth of 25% to 35% annually over the next decade [6][38] - **Sustainability Focus**: Emphasized the importance of ESG (Environmental, Social, and Governance) credentials and community engagement as part of long-term strategy [7][30][34] Market Outlook - **Cautious Outlook**: Despite strong performance, the company remains cautious about future commodity prices and operational challenges, particularly related to COVID-19 and labor availability [6][27] - **Inflation Concerns**: Noted inflationary pressures, particularly in labor and input costs, with a $131 million impact in the first half [80] Shareholder Returns - **Dividend Policy**: Committed to returning 40% to 60% of underlying earnings, with a payout ratio of 75% for the first half of 2021 [28][78] - **Future Capital Allocation**: Focus on organic growth and disciplined capital allocation, with no immediate plans for significant M&A [78] Conclusion - **Commitment to Improvement**: Acknowledged areas for operational improvement while highlighting strong financial results and strategic investments for future growth [7][39]

RioTinto 2020 Full Year Results 17 February 2021 Cautionary and supporting statements This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (together with their subsidiaries, "Rio Tinto"). By accessing/attending this presentation you acknowledge that you have read and understood the following statement. Forward-looking statements This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than s ...

Rio Tinto Group (NYSE:RIO) Q4 2020 Earnings Conference Call February 17, 2021 3:30 AM ET Company Participants Jakob Stausholm - Chief Executive Peter Toth - Group Executive, Strategy and Development Conference Call Participants Paul Young - Goldman Sachs Jason Fairclough - Bank of America Hayden Bairstow - Macquarie Lyndon Fagan - JP Morgan Alain Gabriel - Morgan Stanley Myles Allsop - UBS Glyn Lawcock - UBS Dominic OÂ'Kane - JP Morgan Richard Hatch - Berenberg Unidentified Company Representative Thank you, ...

RioTinto | --- | --- | --- | --- | --- | --- | |------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | Bernstein Strategic Decisions conference | | | | | | | Jakob Stausholm, CFO | | | | | | | 23 September 2020 | | | | | | | | | | | | | Cautionary and supporting statements This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (together with their subsidiaries, "Rio Tinto"). By accessing/attending this presentation you acknowledge that you hav ...

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cautionary and supporting statements This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited ("Rio Tinto"). By accessing/attending this presentation you acknowledge that you have read and understood the following statement. Forward-looking statements This document, including but not limited to all forward looking figures, con ...

Summary of Rio Tinto Group 2019 Half Year Results Conference Call Company Overview - **Company**: Rio Tinto Group (NYSE: RIO) - **Date of Call**: August 1, 2019 - **Key Participants**: Jean-Sébastien Jacques (CEO), Jakob Stausholm (CFO), Arnaud Soirat (CEO-Copper & Diamonds), Chris Salisbury (CEO-Iron Ore Group), Simon Trott (Chief Commercial Officer) [2][4] Financial Performance - **EBITDA Margin**: 47%, the highest in the last 10 years [4] - **Return on Capital Employed (ROCE)**: 23%, aligning with best-in-class industrial companies [4] - **Free Cash Flow**: $4.7 billion, up 65% year-over-year [4] - **Cash Returns to Shareholders**: $12 billion in 2019, including $7.8 billion paid so far and an additional $3.5 billion in dividends announced [5][27] - **Net Debt**: $4.9 billion, indicating strong financial health [5][26] Operational Highlights - **Safety Performance**: No fatalities reported in 2019, with improvements in safety metrics [7] - **Operational Challenges**: Issues in fully optimizing the iron ore system, particularly in the Pilbara region [6][35] - **Production Guidance**: Adjusted to between 320 million and 330 million tonnes due to operational issues [36] Market Dynamics - **Iron Ore**: Strong demand driven by high steel production, with a 35% increase in realized prices. However, shipments fell 8% due to weather and operational disruptions [20][16] - **Aluminum**: Demand growth moderated to 1%, with prices down 15% and alumina prices down 17% [21][22] - **Copper**: Prices decreased by 11% due to slowing global economic conditions, despite stable performance metrics [17][23] Sustainability and Climate Initiatives - **Climate Change Report**: First report aligned with TCFD framework published, focusing on reducing carbon footprint and supporting low-carbon economy [9][10] - **Investment in Renewable Energy**: Transitioned from coal-fired power to renewable electricity at Kennecott [10] Growth and Investment Plans - **Future Growth Projects**: Investments in Koodaideri and Zulti South projects, with expected returns of 24% and production starting in late 2021 [40][41] - **Oyu Tolgoi Update**: Significant progress in underground development, but facing geotechnical challenges impacting timelines and costs [42][43][45] Macro Outlook - **China's Economic Growth**: Strong at 6.3% in the first half of 2019, supported by government stimulus measures [30] - **Global Trade Volatility**: Ongoing trade tensions affecting industrial indicators, but optimism remains for commodity demand [29] Key Takeaways - **Financial Strength**: Rio Tinto demonstrated robust financial performance with significant cash returns to shareholders and a strong balance sheet [28] - **Operational Focus**: Addressing operational challenges in the Pilbara region is a priority to optimize production and maintain product quality [35][47] - **Sustainability Commitment**: The company is committed to sustainability and transparency, with ongoing efforts to improve safety and reduce environmental impact [11][8] This summary encapsulates the key points from the conference call, highlighting the financial performance, operational challenges, market dynamics, sustainability initiatives, and future growth plans of Rio Tinto Group.

Financial Performance - Underlying EBITDA was $103 billion, with a margin of 47%[12] - Free cash flow reached $47 billion[12] - Cash returns paid to shareholders in H1 amounted to $78 billion[12] - Pro forma net debt stood at $56 billion[12] - Interim dividend was $25 billion, plus a special dividend of $10 billion[12] Safety and Sustainability - The company improved its All Injury Frequency Rate (AIFR) to 041 in H1 2019[15, 20] - A 65% reduction in carbon footprint at Kennecott was achieved through closing a coal plant and using renewable energy certificates[20] Iron Ore Operations - Average realized iron ore price was $853 per tonne, a 35% increase[41] - Iron ore shipments were 1546 million tonnes, down 8%[41] - Iron ore operating costs were $146 per tonne, up 9%[41] - Iron Ore EBITDA margin (FOB) was 72%, an increase of 5 percentage points[42] Aluminium Operations - Average aluminium price was $2,174 per tonne, a 15% decrease[44] - Aluminium EBITDA margin (integrated operations) was 27%, a decrease of 8 percentage points[45] Copper & Diamonds Operations - Copper price averaged 280 cents per pound, down 11%[47]