ANGLO AMERICAN:

JSE INVESTOR SHOWCASEHermien Botes, October 2019

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OUR PURPOSE IS TO…

Re-imagine

mining…

What mining could be and

how we envisage mining in

the future. How we think

differently and innovatively

about mining and our entire

value chain.

…to improve

people’s lives

A Purpose is about more than

just the work we do and the

profits we make, it’s about the

impact we have on everything

and everyone we touch.

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OUR STRATEGYPortfolio, Innovation, People

• High quality and long-life assets

• Differentiated growth portfolio

• Sustainable cash flow and returns

• Performance Foundations

1. Operating Model

2. P101

• FutureSmart MiningTM

1. Technical Innovation

2. Sustainable Mining Plan

• Value from mine to market

• Social licence to operate

• Purpose-led, high performance

culture

• Organisation Model

Portfolio

Innovation

People

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SAFETY IS OUR PRIORITYOur vision is for zero harm

• Our vision is for zero harm

• We have lost 4 colleagues in 2019 (2018: 5).

Just a few days ago, Goodwill Seerane

lost his life following an ambush at a

closed colliery.

• Total Recordable Case Frequency

(TRCFR) rate as at end-Sept is 2,16 (2018:

2.66; 3.17).

• Our safety-management approach is risk-

based and focuses on integrating safe

working practices into every aspect of what

we do.

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PORTFOLIO

Our operating assets

De Beers

Copper

Platinum

Iron Ore

Coal

Nickel and Manganese

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PORTFOLIO FINANCIAL PERFORMANCELeading indicators

H1 2019 H1 2018

Underlying EBITDA $5.5 billion $4.6 billion

Operating profit/

(loss) $3.3 billion $2.4 billion

Underlying earnings

per share $1.58 $1.23

Total dividends paid

per share $0.62 $0.49

Capital expenditure $1.4 billion $1.2 billion

Attributable free

cash flow $1.3 billion $1.6 billion

Net debt $3.4 billion $4.0 billion

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PORTFOLIO VALUE ADDEDThe needs and concerns of all our stakeholders inform and guide our approach to doing business

We strive to generate long term benefits

everywhere we operate – to create value for

shareholders as well as local communities

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PEOPLE ORGANISATIONAL CULTUREA focus on developing a high-performance culture

• We are committed to promoting an inclusive and diverse

environment where every colleague is valued and

respected for who they are and can fulfil their potential.

• By year end, women made up 20% of our overall

workforce (2017: 19%) and 28% of managers (2017:

26%).

• In South Africa, the figure for historically disadvantaged

South Africans as a percentage of management

positions was 65%.

• In 2018, we reported our UK Gender Pay Gap position.

• A diverse workforce is a source of competitive

advantage, bringing greater variety of thought to tackle

the complex, global challenges we face.

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INNOVATION WE ARE RE-IMAGINING MINING

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WE ARE RE-IMAGINING MINING

Operating ModelThis is the model on which we base all

our work. It provides structure, planning,

the right procedures, way tasks are to be

executed, how we measure and analyse

the results, and continually improve.

P101This is our breakthrough asset

productivity programme to establish a

platform of operational excellence upon

which we will deliver our FutureSmart

Mining™ vision.

FutureSmart Mining

DigitalisationThe Intelligent Mine

Technology InnovationThe Concentrated Mine™

The Waterless Mine

The Modern Mine

SustainabilitySustainable Mining Plan

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The Modern Mine: Continuous mining deep

underground with our people out of harms way.

The Waterless Mine: Extracting precious

resources without the need for fresh waterThe Concentrated Mine: A mine that

gets more directly to the precious metal.

The Intelligent Mine: A mine that learns

for itself supporting safer, more productive

mining

FUTURESMART MININGTM

Our innovation-led blueprint for the future of our business

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OUR SUSTAINABLE MINING PLANThe framework

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TRUSTED CORPORATE LEADER

Accountability

Vision: To transform the

relationship between mines,

communities and wider society.

Policy Advocacy

Vision: To take a lead on issues that affect

our business in a way that is collaborative

and aimed at society’s wider goals.

Ethical Value Chains

Vision: To be a part of a value chain that

supports and reinforces positive human

rights and sustainability outcomes.

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THRIVING COMMUNITIES

Livelihoods

Vision: Shared, sustainable

prosperity in our host communities.

Vision: For all children in host

communities to have access to

excellent education and training.

Health and well-being

Vision: For the SDG targets for

health to be achieved in all our

host communities.

Education

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HEALTHY ENVIRONMENT

Climate change

Vision: To operate carbon-neutral

mines.

Water

Vision. To operate waterless mines in

water scarce regions.

Biodiversity

Vision. To deliver net positive impact (NPI)

across Anglo American through

implementing the mitigation hierarchy and

biodiversity stewardship.

THANK YOU