ANGLO AMERICAN PLC - Anglo American analyst and investor strategy event

Anglo American analyst and investor strategy event

Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
(the "Company")


12 December 2013

Anglo American analyst and investor strategy event

Anglo American plc (“Anglo American”) is this afternoon hosting an investor presentation which
will provide an update on Anglo American’s strategy, detailed findings of its asset review and
progress made towards realising Anglo American’s value potential through a number of
revenue enhancing and cost reduction opportunities.

Mark Cutifani, Chief Executive of Anglo American, said: “We know what we need to do to
realise the value potential from Anglo American’s world class diversified asset base. Our asset
review has identified a range of opportunities which will enable us to better utilise the installed
capital across our operations, driving improved margins and returns.

“We have begun by rebuilding the management team which is accountable for delivering a step
change in performance to achieve our target of attributable ROCE in excess of 15% on a
sustainable basis by 2016.

“We have identified approximately 85% of the incremental EBIT necessary to achieve the level
of return we expect from the business and we are working on the areas where we see
additional potential. Our commercial model, targeting a $400 million annual EBIT uplift by 2016,
is up and running and already delivering enhanced margins.

“While I expect headwinds to continue in 2014 as we reset the business, the benefits of much
improved operational processes and performance will flow through largely in 2015 and 2016. In
the immediate term, we have already delivered significant sustainable improvements which we
will detail today as a result of a number of measures, including early operational improvements,
overhead reduction and reducing early stage project spend.

“Our capital allocation process has been rebuilt to enforce more stringent criteria and controls,
resulting in the announced withdrawal from the Pebble copper project, a $300 million cash flow
improvement in 2014 by recalibrating the project pipeline and $400 million of cash from non-
core asset sales.

“Preserving our resource optionality for the future remains a priority within our project
development pipeline and capital allocation analyses. For example, following the Board’s recent
stage-gate analysis of the Quellaveco copper project in Peru, we are re-scoping a larger scale
project to enhance the economic case beyond our return criteria, while retaining government
and community support.

“Our pathway to increase margins, returns and earnings by 2016 is clear. We have set
demanding but achievable targets and we are determined to meet them by working efficiently
and effectively to drive significantly greater value from our high quality asset base.”

The presentation, which is available on the Anglo American website, will begin at 12.30pm (UK
time) and can be viewed via live webcast:
http://www.angloamerican.com/investors.aspx.

The following members of Anglo American’s management team will present:

Mark Cutifani             Chief Executive
René Médori               Finance Director
Tony O’Neill              Group Director, Technical
Peter Whitcutt            Group Director, Strategy, Business Development & Commercial
Duncan Wanblad            CEO, Base Metals & Minerals

The presentation is expected to finish at 5.00pm.

12 December 2013
Sponsor: UBS South Africa (Pty) Ltd

For further information, please contact:

Media                                                    Investors
UK                                                       UK
James Wyatt-Tilby                                        Paul Galloway
Tel: +44 (0)20 7968 8759                                 Tel: +44 (0)20 7968 8718

Emily Blyth                                              Caroline Crampton
Tel: +44 (0)20 7968 8481                                 Tel: +44 (0)20 7968 2192

South Africa                                             Sarah McNally
Pranill Ramchander                                       Tel: +44 (0)20 7968 8747
Tel: +27 (0)11 638 2592


Notes to editors:
Anglo American is one of the world’s largest mining companies, is headquartered in the UK and
listed on the London and Johannesburg stock exchanges. Our portfolio of mining businesses
meets our customers’ changing needs and spans bulk commodities – iron ore and manganese,
metallurgical coal and thermal coal; base metals and minerals – copper, nickel, niobium and
phosphates; and precious metals and minerals – in which we are a global leader in both
platinum and diamonds. At Anglo American, we are committed to working together with our
stakeholders – our investors, our partners and our employees – to create sustainable value that
makes a real difference, while upholding the highest standards of safety and responsibility
across all our businesses and geographies. The company’s mining operations, pipeline of
growth projects and exploration activities span southern Africa, South America, Australia, North
America, Asia and Europe.
www.angloamerican.com

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