Transaction Highlights - Merger of equals to create a leading global critical minerals champion[1, 51, 54] - Anglo American will issue 1.3301 new shares for each outstanding Class A and Class B Teck share[21] - Anglo American shareholders will receive a special dividend of US$4.5 billion, or US$4.19 per share, ahead of closing[21] - Post-dividend ownership: Anglo American shareholders will own approximately 62.4%, and Teck shareholders will own approximately 37.6%[21] Synergies and Growth - The merger is expected to generate $800 million in pre-tax recurring annual synergies[20, 45, 52] - Potential $1.4 billion annual EBITDA uplift from approximately 175kt potential at the adjacent Collahuasi & Quebrada Blanca (100% basis)[20, 38, 52] - Copper portfolio expected to deliver approximately 10% capital-efficient production growth through 2027[28] Asset Portfolio - Expected 2027 production mix: 72% copper, 22% premium iron ore, and 6% zinc[20, 23, 52]
Anglo American (OTCPK:AAUK.D) Earnings Call Presentation
2025-09-09 12:00