Anglo American PLC

AAL

Equity

ISIN GB00B1XZS820 / Valor 3186826

LSE London Stock Exchange, SETS (2024-12-23)

GBP 23.33-0.02%

Anglo American PLC
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About company

Anglo American PLC is a global mining company with regional exploration teams that focus on key mineral belts and project priorities. The company's exploration hub offices are strategically located within commodity businesses to leverage shared capabilities. Anglo American PLC is known for its diversified portfolio of mining operations across various commodities, including diamonds, platinum, copper, and iron ore. With a strong focus on exploration and development, the company continues to expand its presence in the global mining industry.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Decline

Anglo American PLC reported a revenue of $30,652 million for the year ended 31 December 2023, marking a 13% decrease compared to the previous year. This decline was primarily attributed to the cyclical lows in the PGMs and diamonds markets, which significantly impacted the company's revenue streams.

EBITDA and Profit

The company's underlying EBITDA for the year was $10.0 billion, representing a 31% decrease from the previous year. Despite a 2% increase in production volume, the profit attributable to equity shareholders fell sharply to $0.3 billion, reflecting the challenging market conditions faced by Anglo American PLC during this period.

Dividend Consistency

Anglo American PLC declared a total dividend of $1.2 billion for the fiscal year 2023, equating to $0.96 per share. This payout is consistent with the company's policy of distributing 40% of its earnings to shareholders, despite the financial challenges encountered during the year.

Net Debt and Investment

The company's net debt increased to $10.6 billion as of 31 December 2023. This rise in debt levels is aligned with Anglo American PLC's strategy of investing in long-term growth projects, even amidst the cyclical downturns in some of its key markets.

Cost Reduction and Outlook

Anglo American PLC is on track to reduce its annual costs by approximately $1 billion and capital expenditure by $1.6 billion over the next three years. The company remains focused on enhancing returns through a value-over-volume approach, while also preparing for a more favorable demand environment for metals and minerals in the future.

Summarized from source with an LLMView Source

Key figures

20.8%1Y

-22.5%3Y

8.74%5Y

Performance

37.0%1Y

41.1%3Y

44.2%5Y

Volatility