ANGLO AMERICAN PLATINUM LIMITED INTERIM RESULTS 2020 ANGLO AMERICAN PLATINUM LIMITED RE-IMAGINING MINING TO IMPROVE PEOPLE’S LIVES INTERIM RESULTS 2020 RESULTS INTERIM KEY FEATURES FATALITY-FREE NET SALES REVENUE EBITDA Own managed operations 0 R54.8bn R13.1bn 2020 H1 0 2020 H1 R54.8bn 2020 H1 R13.1bn 2019 H1 R42.9bn 2019 H1 0 2019 H1 R12.4bn BASIC EARNINGS PER SHARE HEADLINE EARNINGS PER SHARE EBITDA MARGIN 2,546 cents 2,627 cents 32% 2020 H1 2,546 cents 2020 H1 2,627 cents 2020 H1 32% 2019 H1 2,788 cents 2019 H1 2,815 cents 2019 H1 31% NET CASH ROCE DIVIDEND PER SHARE ■ Interim ■ Final R11.3bn 48% 1,023 cents 2020 H1 R11.3bn 2020 H1 48% 2020 1,023 cents 2019 H1 R6.0bn 2019 H1 45% 2019 1,100 4,160 cents CONTENTS 1 Performance highlights 22 Notes to the condensed consolidated 2 2020 Interim results commentary financial statements 18 Condensed consolidated statement 38 Auditor’s report of comprehensive income 39 Sustainability commitments 19 Condensed consolidated statement 41 Group performance data of financial position 65 2020 Interim results presentation 20 Condensed consolidated statement IBC Administration of cash flows 21 Condensed consolidated statement of changes in equity PERFORMANCE HIGHLIGHTS Six months ended Year ended 30 June 30 June 31 December 2020 2019 % change 2019 OPERATIONAL PERFORMANCE Tonnes milled 000 tonnes 11,163 14,151 (21) 28,911 Built-up head grade 4E g/tonne 3.44 3.57 (4) 3.62 Total M&C PGM production1 000 oz 1,620 2,147 (25) 4,441 PGM ounces produced per employee per annum 80.2 107.5 (25) 110.5 REFINED PRODUCTION Total PGMs 000 oz 1,247 2,298 (46) 5,151 Platinum (Pt) 000 oz 538 1,100 (51) 2,514 Palladium (Pd) 000 oz 415 771 (46) 1,635 Rhodium (Rh) 000 oz 93 140 (33) 324 Other PGMs 000 oz 156 239 (35) 564 Gold (Au) 000 oz 45 48 (7) 114 Nickel (Ni) tonnes 5,126 9,822 (48) 23,036 Copper (Cu) tonnes 4,547 6,712 (32) 14,211 FINANCIAL PERFORMANCE Total net sales revenue R million 54,771 42,887 28 99,551 from operations R million 39,905 39,193 80 91,697 from trading R million 14,866 3,694 302 7,854 Basket price per PGM ounce R/PGM oz sold 32,166 17,901 80 19,534 Cost of sales R million 41,781 32,126 30 72,737 Cost of sales per PGM ounce R/PGM oz sold 22,289 13,183 69 14,056 Cash on-mine cost per tonne milled R/tonne 1,008 853 18 890 Cash operating cost per PGM oz produced6 R/PGM oz 12,555 9,951 26 10,189 Gross profit on metal sales R million 12,990 10,761 21 26,814 Gross profit margin % 24 25 (1) 27 EBITDA R million 13,063 12,371 6 29,950 EBITDA (excluding trading) R million 12,577 12,328 4 29,703 EBITDA margin (excluding trading) % 32 31 1 32 Headline earnings R million 6,898 7,384 (7) 18,603 Headline earnings per share cents 2,627 2,815 (7) 7,087 Dividend per share cents 1,023 1,100 (7) 5,260 Capital expenditure (excluding waste stripping) R million 1,942 2,192 (12) 6,239 Capital waste stripping R million 1,395 1,148 22 2,062 Net cash R million 11,298 5,987 88 17,278 Return on average capital employed (ROCE) % 48 45 3 58 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) Fatalities Number — — — — Total recordable case frequency rate (TRCFR) Rate/million hrs 2.24 2.83 (21) 2.50 Employees2 Number (at period end) 25,239 25,263 (0) 25,268 HDSAs in management3 % 78 78 — 78 4 GHG emissions, CO2 equivalents 1,000 tonnes 1,445 1,661 (13) 4,436 Water withdrawals or abstractions Megalitres 8,196 12,986 (37) 25,094 Energy use Terajoules 6,461 8,049 (20) 20,079 Number of Level 4 and 5 environmental incidents Number — — — — Total social investment excluding dividends5 R million 216 185 17 392 1 Sum total of platinum, palladium, rhodium, iridium, ruthenium and gold in concentrate produced and purchased. 2 Amplats total own and contractor employees excluding joint operations and associate employees and contractors. 3 Includes all levels of management. 4 Excludes Scope 3 emissions. 5 Total social investment includes SLP and CSI expenditure of R161 million and R55 million for Covid-19 related initiatives. Dividends to communities of R331 million was paid during H1 2020. 6 H1 2019 restated to exclude chrome costs. Anglo American Platinum Limited Interim Results 2020 1 30 JUNE 2020 INTERIM RESULTS 2020 INTERIM RESULTS BUILDING THE BUSINESS FOR THE FUTURE, DESPITE CURRENT HEADWINDS 2 Anglo American Platinum Limited Interim Results 2020 KEY MESSAGES Resilient business that has managed its way through headwinds in H1 2020 – the temporary closure of the converter plant (ACP) for repairs following a force majeure incident, and the ongoing impact of the Covid-19 global pandemic Commitment to elimination of fatalities – zero fatalities for 620 consecutive days at managed operations to 30 June 2020 Dedication to the health and wellness of our employees and communities during the pandemic ­ – comprehensive WeCare programme to protect lives and livelihoods of employees and communities ­ – R1.2 billion paid to employees not working during lockdown to ensure all employees receive their full salaries and benefits ­ – R251 million invested in additional Covid-19 measures including R55 million on community initiatives with various programmes benefiting over 1 million people PGM production impacted by national lockdowns in South Africa and Zimbabwe – c.585,500 ounces lost in H1 2020 Refined PGM production affected by the temporary shutdowns of the ACP for repairs and Eskom power outages that occurred in the first quarter Build-up of work-in-progress inventory – of approximately 500,000 PGM ounces Strong financial position ­ – EBITDA of R13.1 billion ­ – Net cash position of R11.3 billion ­ – Liquidity headroom of R16.6 billion (excluding customer prepayment) Interim dividend declared – R2.8 billion or R10.23 per share based on a 40% of headline earnings pay-out ratio Building the business for the future – fundamental building blocks and a simplified business are in place to deliver further operational improvement and growth, utilising breakthrough technology, as well as a focus on developing the market for PGMs A stronger performance is expected in H2 2020 – but significant headwinds and risk still exist that need to be managed, including the Covid-19 pandemic impacts, the repair of ACP Phase A, and potential for Eskom power outages Anglo American Platinum Limited Interim Results 2020 3 30 JUNE 2020 INTERIM RESULTS Natascha Viljoen, CEO of Anglo American Platinum, commented: “On behalf of everyone at Anglo American Platinum, I would like to pay our respects to the victims of the Covid-19 virus. We extend our deepest condolences to their family, friends and colleagues. Anglo American Platinum has faced significant headwinds in the first six months of 2020, with the impact of Covid-19 on our operations and markets compounded by the force majeure incident leading to the temporary shutdown of the Anglo Converter Plant. Despite these challenges, our financial results, our response to Covid-19, as well as our continuous drive to P101 performance and the roll-out of technology in the last six months illustrate the resilience of the business and the ability and commitment of our team to live up to our purpose - ‘to re-imagine mining to improve people’s lives’. I am particularly proud of the important work we have been doing to help keep our employees and host communities healthy during the pandemic, with R55 million invested in community relief efforts. We developed our comprehensive WeCare lives and livelihoods programme in close collaboration with a wide range of stakeholders to help identify and address the areas of greatest need. Our efforts include water and food supply, support to local clinics and hospitals, Covid-19 education and awareness campaigns and supporting victims of gender-based violence. The health, safety and wellbeing of our employees and contractors is the heart of our approach, and we have invested R251 million in industry-leading measures to limit the spread of the virus at the workplace and our communities. These investments include our own testing laboratories and isolation and quarantine facilities. We have been in the fortunate position to continue paying all employees throughout the lockdown, including those who are still not yet back at work. This group covers vulnerable employees who are at high risk of serious illness should they contract the virus, due to age or underlying health conditions. To date, we have spent more than R1.2 billion on salaries and benefits during the lockdown for employees not working. Covid-19 has shone the spotlight on many of the serious needs in our communities, which no organisation or institution can address fully on its own. The pandemic has offered us a unique opportunity to work together in new ways with our stakeholders, and I believe we are investing in partnerships and solutions that will continue to benefit all our stakeholders long after the pandemic is over. Despite the challenges and safety risks brought about by shutting down and restarting operations, we have reported our best ever safety performance in the past six months, with managed operations running without a fatal incident for an unprecedented consecutive 620 days to the end of June. Strong leadership commitment to safety, despite the additional risk brought about with the uncertainty of Covid-19, allowed us to achieve this result.