Rio Tinto PLC

RIO

Equity

ISIN US7672041008 / Valor 652127

CTA NASDAQ OMX Stock Exchange (2024-12-24)

USD 59.19-0.07%

Rio Tinto PLC
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About company

Rio Tinto PLC is a global mining and metals company that owns and operates mining, processing, smelting, and refining operations across various countries and commodities. The company focuses on simplifying its operations, sharing best practices, and ensuring safe, productive, profitable, and environmentally responsible performance. Rio Tinto contributes to local economies by providing training, creating jobs, paying taxes, and investing in social and community initiatives. The company aims to reach net zero carbon emissions by 2050 and aligns its products with market needs, particularly in essential materials for the energy transition like copper, aluminium, iron ore, lithium, and other critical minerals. Rio Tinto supports the growth of these commodities by offering lower carbon, responsibly sourced, and traceable products to help customers decarbonize.

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

Revenue and EBITDA

In the first half of 2024, Rio Tinto PLC reported consolidated sales revenue of $26.8 billion, reflecting a 1% increase compared to the same period in 2023. The company achieved an underlying EBITDA of $12.1 billion, marking a 3% growth from the previous year. This performance underscores Rio Tinto's consistent financial stability as it continues to invest in growth opportunities.

Net Earnings and Dividends

Rio Tinto PLC's profit after tax attributable to its owners, also referred to as net earnings, was $5.8 billion for the first half of 2024. This represents a 14% increase from the previous year. The company declared an interim ordinary dividend of 177 US cents per share, maintaining a 50% payout ratio, which amounts to a total dividend distribution of $2.9 billion.

Cash Flow and Investments

The net cash generated from operating activities for Rio Tinto PLC in the first half of 2024 was $7.1 billion. The company reported a free cash flow of $2.8 billion, after accounting for purchases of property, plant, equipment, and intangible assets totaling $4.0 billion. These figures highlight Rio Tinto's strong cash generation capabilities while continuing to invest in its growth projects.

Return on Capital and Debt

Rio Tinto PLC achieved an underlying return on capital employed (ROCE) of 19% for the first half of 2024, demonstrating efficient use of its capital resources. The company's net debt stood at $5.1 billion as of June 30, 2024, reflecting a disciplined approach to maintaining a strong balance sheet while pursuing strategic investments.

Growth Outlook

Looking ahead, Rio Tinto PLC is focused on delivering around 3% compound annual growth from 2024 to 2028 through existing operations and projects. The company is at an inflection point in its growth trajectory, with significant contributions expected from its aluminium business and the ramp-up of the Oyu Tolgoi underground copper mine. Rio Tinto remains committed to disciplined investments to strengthen its operations and drive profitable organic growth.

Summarized from source with an LLMView Source

Key figures

-19.8%1Y

-10.6%3Y

0.27%5Y

Performance

23.0%1Y

29.9%3Y

33.9%5Y

Volatility