We use Key Performance Indicators (KPIs) to assess performance in terms of meeting our strategic and operating objectives.

Performance is measured against the following financial, operating and sustainability KPIs:

Net Debt*
$563m

Why it is important

This is a measure that reflects liquidity of the Group.

Performance in 2019

Net debt remained low and decreased by 5.5% in 2019 to $563 million.

*Non-IFRS measures, refer to the alternative performance measures section on page 206 of the Annual Report 2019.

Ebitda*
$2,439m

Why it is important

This is a measure of the Group’s underlying profitability.

Performance in 2019

EBITDA was $2,439 million, 9.5% higher than the previous year on higher sales volumes and lower unit costs, partially offset by lower realised prices.

*Non-IFRS measures, refer to the alternative performance measures section on page 206 of the Annual Report 2019.

Earnings per share
50.9 cents

Why it is important

This is a measure of the profit attributable to shareholders.

Performance in 2019

Earnings per share from continuing operations of 50.9 cents per share, a 1.2% decrease on 2018, as higher EBITDA was offset by higher tax, and depreciation and amortisation.

Copper production*
770.0k tonnes

Why it is important

Copper is our main product and largest source of revenue.

Performance in 2019

We had a record year of production, producing 770,000 tonnes. This was a 6.2% increase on 2018, with higher production at Los Pelambres, Centinela and Zaldívar.

* 100% of Los Pelambres, Centinela and Antucoya, and 50% of Zaldívar’s production

Net cash costs*
$1.22/lb

Why it is important

This is a key indicator of operating efficiency and profitability.

Performance in 2019

Net cash costs of $1.22/lb, 5.4% lower than in 2018 due to higher production, tight cost control and the weaker Chilean peso.

* Non-IFRS measures, refer to the alternative performance measures section on page 206.

Mineral resources*
19.1 billion tonnes

Why it is important

Expansion of the Group’s mineral resources base supports its strong organic growth pipeline.

Performance in 2019

Mineral resources at Zaldívar increased as its primary sulphides were included for the first time.

* Mineral resources (including ore reserves) relating to the Group’s subsidiaries on a 100% basis and Zaldívar on a 50% basis.

Safety
1.0 LTIFR

Why it is important

Safety is our top priority, with fatalities and the LTIFR4 being two of the principal measures of performance.

Performance in 2019

Safety is our top priority, with fatalities and the LTIFR4 being two of the principal measures of performance.

Water Consumption
60.8mm³

Why it is important

Water is a precious resource and the Group is focused on using the most sustainable sources and maximising its efficient use.

Performance in 2019

Our consumption of continental water and sea water decreased by 12% and 7% respectively mainly due to a decrease in material processed.

CO2 EMISSIONS INTENSITY*
3.10 tonnes

Why it is important

We recognise the risks and opportunities arising from climate change and the need to measure and mitigate greenhouse gas (GHG) emissions.

Performance in 2019

CO2 emission intensity decreased by 7% compared to 2019 mainly because of higher copper production and energy efficiency improvements.

*Mining division only