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:

EBITDA*
$2,739m

Why it is important

This is a measure of our underlying profitability.

Performance in 2020

EBITDA was 12.3% higher than the previous year on higher realised copper and gold prices, and lower unit costs, partially offset by lower copper production.

*Non-IFRS measures, refer to the alternative performance measures section on page 216 of the Annual Report 2020.

Earnings per share*
54.7 cent

Why it is important

This is a measure of the profit attributable to shareholders.

Performance in 2020

Underlying earnings per share from continuing operations of 54.7 cents per share, a 7.5% increase on 2019, on higher EBITDA, partially offset by increased net finance expenses.

*Underlying EPS from continuing operations, excluding exceptional items. Reconciled to EPS from continuing and discontinued operation, including exceptional items in the consolidated income statement on page 165 of the Annual Report 2020.

Net debt*
$82m

Why it is important

This measure reflects our financial liquidity.

Performance in 2020

Net debt remained low and decreased by 85.4% in 2020 to $82 million.

*Non-IFRS measures, refer to the alternative performance measures section on page 216 of the Annual Report 2020.

Copper production*
733.9k tonnes

Why it is important

Copper is our main product and largest source of revenue.

Performance in 2020

Copper production was 733,900 tonnes. This was a 4.7% decrease on 2019 mainly as grades at Centinela Concentrates fell as expected.

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

Net cash costs*
$1.14/lb

Why it is important

This is a key indicator of operating efficiency and profitability.

Performance in 2020

Net cash costs of $1.14/lb, 6.6% lower than in 2019 due to the weaker Chilean peso, lower input costs and continued tight cost control, partially offset by lower production.

* Non-IFRS measures, refer to the alternative performance measures section on page 216 of Annual Report 2020.

Mineral resources*
19.2 billion tonnes

Why it is important

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

Performance in 2020

Mineral resources at Centinela increased as new geological data 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
0.9 LTIFR

Why it is important

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

Performance in 2020

Record safety performance with no fatal accidents and a LTIFR of 0.9.

Water Consumption
68.1m m³

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 2020

Our consumption of continental water and sea water increased by 19.9% and 2.8% respectively mainly due to an increase in water scarcity and material processed.

CO2 EMISSIONS INTENSITY*
3.19 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 2020

Total emissions were 2.0% lower in 2020, but CO2 emission intensity increased by 2.9% compared to 2019 on lower copper production due to lower grades at Centinela Concentrates.

*Mining division only. Tonnes of CO2 equivalent per tonne of copper produced.