KPIs

EBITDA*

$2,930m

Why it is important

This is a measure of our underlying profitability.

Performance in 2022

EBITDA decreased by 39% and an EBITDA margin of 50%, reflecting the decrease in copper sales, lower copper price, higher inflation and higher input prices.

^{*1. Non-IFRS measures, refer to the alternative performance measures.}

Profit before tax

$2,559m

Why it is important

This is a measure of our profitability before the deduction of taxes.

Performance in 2022

Profit before tax decreased by 26%.

Net debt/(Net cash)*

$886m

Why it is important

This measure reflects our financial liquidity.

Performance in 2022

Strong balance sheet with net debt of $886 million at the end of 2022 and a Net debt/ EBITDA ratio of 0.3x.

^{*1. Non-IFRS measures, refer to the alternative performance measures.}

Underlying earnings per share*

$59.7¢

Why it is important

These are measures of the profit attributable to shareholders before exceptional items.

Performance in 2022

Underlying earnings per share were 59.7 cents, a decrease of 82.8 cents or 58% compared with 2021 on lower EBITDA.

^{*2. From continuing operations excluding exceptional items.}

Earnings per share*

$155.5¢

Why it is important

These are measures of the profit attributable to shareholders after exceptional items.

Performance in 2022

Earnings per share including exceptional items for the year were 155.5 cents, reflecting the impact of an exceptional gain of 95.8 cents, and were 19% higher than in 2021. 

^{*3. From continuing and discontinued operations including exceptional items.}

Copper production*

646.2k tonnes

Why it is important

Copper is our main product and largest source of revenue.

Performance in 2022

Copper production decreased by 10% mainly due to the temporary reduction in throughput at Los Pelambres as a result of the drought and the reduced concentrate pipeline availability in June, and expected lower grades at Centinela Concentrates.

^{*4. 100% of Los Pelambres, Centinela and Antucoya, and 50% of Zaldívar’s production.}

Net cash costs*

$1.61/lb

Why it is important

This is a key indicator of operating efficiency and profitability.

Performance in 2022

Net cash costs were 34% higher than last year mainly due to the impact of the drought, inflation and higher input prices during the period, partly offset by the weaker Chilean peso and the savings coming from our Cost and Competitiveness Programme.

_{*1. Non-IFRS measures, refer to the alternative performance measures.}

Mineral resources*

20.1bn tonnes

Why it is important

Our mineral resource base supports our strong organic growth pipeline.

Performance in 2022

Total mineral resources increased by 1 billion tonnes during the year, including a maiden inferred resource at Encierro and additional resources at Cachorro, both of which are in northern Chile.

_{*5. Mineral resources (including ore reserves) relating to the Group’s subsidiaries on a 100% basis and Zaldívar on a 50% basis.}

Safety

0 Fatalities
0.84 LTIFR*

Why it is important

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

Performance in 2022

Record safety performance with no fatalities and the LTIFR improving by 37% due to strengthened control strategies for high-risk tasks.

^{*6. The Lost Time Injury Frequency Rate is the number of accidents with lost time during the year per million hours worked.}

Water withdrawal

73 GL

Why it is important

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

Performance in 2022

Total water withdrawals increased by 5.4% as precipitation tripled at Los Pelambres in 2022 from the low levels in 2021, and Centinela Concentrates and Antucoya achieved record annual throughput.

CO2e emissions intensity*

1.75 tC0₂e/tCu

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 2022

CO2 e emissions intensity decreased as Scope 1 and 2 emissions fell by 37%.

^{*7. Scope 1 and 2, Mining division only.
*8. Tonnes of CO2 equivalent per tonne of copper produced.}