2023 Half-Year Results

8 August 2023


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H1 2023


2023 First-half scorecard

Financial ($bn)

9.4 -50%

8.4 -54%


Cash generated by


operating activities(2)

7.4 -51%


Adj. Industrial

H1 2023 "top-up"


shareholder returns(3)

1.8 -52%


Adj. Marketing

2023 announced


shareholder returns


  • Strong H1 performance, annualising above our long-term guidance range, albeit 52% lower than H1 2022's exceptionally strong performance with the progressive normalisation of last year's dislocations and volatility
  • 2023 full year EBIT expected in the $3.5-$4.0 billion range


  • Despite materially lower energy prices and cost headwinds from inflation, H1 EBITDA of $7.4 billion is the second highest first-halfperformance in the company's history (after H1 2022's $15bn result)
  • EBITDA mining margin for metals of 25% (43% in H1 2022) vs coal of 50% (66% in H1 2022)

Notes: (1) Refer to basis of presentation in the Financial and Operational Review, 2023 Half-Year Report, refer to Note 2 and Alternative Performance Measures, 2023 Half-Year Report, for definition and reconciliation of Adjusted EBITDA/EBIT.

(2) Before working capital changes. (3) Refer slide 17 for calculation






2023 First-half ESG scorecard


Supporting our ambition to be a leader in environmental performance, we have published updates on our progress in three material areas, climate, water and nature:

  • 2022 Climate Report
  • 2022 Sustainability report


Our ambition is to prevent fatalities, occupational diseases and injuries wherever we operate.

Unfortunately, we recorded the loss of one life at Glencore's managed operations over the year to date

During 2022, our totalpayments to governmentswere $12 billion in tax, royalty, levy and other payments

(2021: $7.6 billion)


Under agreements with DOJ, Glencore has appointed the two independent compliance monitors and they have commenced their work. The monitorships are scheduled to last three years

Disclosure againstPrinciple 15 of the

Global Industry Standard on Tailings Management (GISTM) as well as our overall conformance to GISTM for each of our TSFs with an 'Extreme' or 'Very High' Consequence Classification






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Glencore plc published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 07:20:32 UTC.