Investor Seminar
Performance, strategic direction and shareholder returns
20 October 2021
Gobi desert, Mongolia
1
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 statements of historical facts included in this report, including, without limitation, those regarding Rio Tinto's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio Tinto's products, production forecasts and reserve and resource positions), are forward-looking statements. The words "intend", "aim", "project", "anticipate", "estimate", "plan", "believes", "expects", "may", "should", "will", "target", "set to" or similar expressions, commonly identify such forward-looking statements.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Rio Tinto's present and future business strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio Tinto's actual results, performance or achievements to differ materially from those in the forward-looking statements include, but are not limited to: an inability to live up to Rio Tinto's values and any resultant damage to its reputation; the impacts of geopolitics on trade and investment; the impacts of climate change and the transition to a low-carbon future; an inability to successfully execute and/or realise value from acquisitions and divestments; the level of new ore resources, including the results of exploration programmes and/or acquisitions; disruption to strategic partnerships that play a material role in delivering growth, production, cash or market positioning; damage to Rio Tinto's relationships with communities and governments; an inability to attract and retain requisite skilled people; declines in commodity prices and adverse exchange rate movements; an inability to raise sufficient funds for capital investment; inadequate estimates of ore resources and reserves; delays or overruns of large and complex projects; changes in tax regulation; safety incidents or major hazard events; cyber breaches; physical impacts from climate change; the impacts of water scarcity; natural disasters; an inability to successfully manage the closure, reclamation and rehabilitation of sites; the impacts of civil unrest; the impacts of the Covid-19 pandemic; breaches of Rio Tinto's policies, standard and procedures, laws or regulations; trade tensions between the world's major economies; increasing societal and investor expectations, in particular with regard to environmental, social and governance considerations; the impacts of technological advancements; and such other risks identified in Rio Tinto's most recent Annual Report and accounts in Australia and the United Kingdom and the most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC") or Form 6-Ks furnished to, or filed with, the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this report. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the UK Listing Rules, the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Rio Tinto's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Nothing in this presentation should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited will necessarily match or exceed its historical published earnings per share.
Disclaimer
Neither this presentation, nor the question and answer session, nor any part thereof, may be recorded, transcribed, distributed, published or reproduced in any form, except as permitted by Rio Tinto. By accessing/ attending this presentation, you agree with the foregoing and, upon request, you will promptly return any records or transcripts at the presentation without retaining any copies.
This presentation contains a number of non-IFRS financial measures. Rio Tinto management considers these to be key financial performance indicators of the business and they are defined and/or reconciled in Rio Tinto's annual results press release, Annual Report and accounts in Australia and the United Kingdom and/or the most recent Annual Report on Form 20-F filed with the SEC or Form 6-Ks furnished to, or filed with, the SEC.
Reference to consensus figures are not based on Rio Tinto's own opinions, estimates or forecasts and are compiled and published without comment from, or endorsement or verification by, Rio Tinto. The consensus figures do not necessarily reflect guidance provided from time to time by Rio Tinto where given in relation to equivalent metrics, which to the extent available can be found on the Rio Tinto website.
By referencing consensus figures, Rio Tinto does not imply that it endorses, confirms or expresses a view on the consensus figures. The consensus figures are provided for informational purposes only and are not intended to, nor do they, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments. No warranty or representation, either express or implied, is made by Rio Tinto or its affiliates, or their respective directors, officers and employees, in relation to the accuracy, completeness or achievability of the consensus figures and, to the fullest extent permitted by law, no responsibility or liability is accepted by any of those persons in respect of those matters. Rio Tinto assumes no obligation to update, revise or supplement the consensus figures to reflect circumstances existing after the date hereof.
©2021, Rio Tinto, All Rights Reserved | 2 |
2
Agenda
BST | AEDT | Topic | Presenter | |
08:00 - 08.15 | 18:00 - 18.15 | Strategy and execution | Jakob Stausholm, Chief Executive | |
Mark Davies, Chief Technical Officer | ||||
08:15 - 08:40 | 18:15 - 18:40 | Panel | James Martin, Chief People Officer | |
Culture and People: Becoming best operator | ||||
Kellie Parker, Chief Executive, Australia | ||||
Arnaud Soirat, Chief Operating Officer | ||||
Decarbonisation: | Vivek Tulpule, Chief Economist | |||
Impact on commodity markets | ||||
08:40 - 09:10 | 18:40 - 19:10 | Our own business and impact of green steel | Mark Davies, Chief Technical Officer | |
Commercial opportunities from | Alf Barrios, Chief Commercial Officer | |||
decarbonisation | ||||
09:10 - 09:40 | 19:10 - 19:40 | Q&A session 1 | Jakob Stausholm | Mark Davies | James Martin | Kellie Parker | | |
Arnaud Soirat | Vivek Tulpule | Alf Barrios | ||||
09:40 - 09:55 | 19:40 - 19:55 | BREAK | ||
09:55 - 10:15 | 19:55 - 20:15 | Pilbara Iron Ore | Simon Trott, Chief Executive, Iron Ore | |
10:15 - 10:35 | 20:15 - 20:35 | Aluminium | Ivan Vella, Chief Executive, Aluminium | |
Panel | Bold Baatar, Chief Executive, Copper | |||
10:35 - 11:00 | 20:35 - 21:00 | Mark Davies, Chief Technical Officer | ||
Excel in development | ||||
Sinead Kaufman, Chief Executive, Minerals | ||||
11:00 - 11:10 | 21:00 - 21:10 | Financials | Peter Cunningham, Chief Financial Officer | |
11:10 - 11:40 | 21:10 - 21:40 | Q&A session 2 | Jakob Stausholm | Ivan Vella | Mark Davies | Sinead Kaufman | | |
Peter Cunningham | ||||
11:40 - 11:45 | 21:40 - 21:45 | Closing remarks | Jakob Stausholm, Chief Executive | |
©2021, Rio Tinto, All Rights Reserved | 3 |
3
Jakob Stausholm
Strategy and execution
Rainbow Bridge. Tokyo, Japan
Welcome and thanks for joining us, in person and virtually.
I have been in this role almost 300 days. It has been busy and challenging. But it has also been enjoyable. Rio Tinto is a truly great company to lead.
When I was appointed Chief Executive, my immediate focus was to stabilise the company after the tragedy of Juukan Gorge; to start to repair
4
damaged external relationships, particularly in Australia; and set the overall direction to make Rio Tinto stronger.
Looking back over the last twelve months. We have completed the biggest management change in Rio Tinto's history. I also believe that we are extracting the full learning from Juukan Gorge and have made an important and significant shift in how we see ourselves and the external world.
We are becoming more humble, more human and more empathetic. Strengthening our relationships with society more broadly, is clearly a multi-year journey. But it starts with us changing, which we are doing.
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Rio Tinto plc published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 16:31:02 UTC.