Group terminology
References to “Anglo American”, the “Anglo American Group”, the “Group”, “we”, “us”, and “our” are to refer to either Anglo American plc and its subsidiaries and/or those who work for them generally, or where it is not necessary to refer to a particular entity, entities or persons. The use of those generic terms herein is for convenience only, and is in no way indicative of how the Anglo American Group or any entity within it is structured, managed or controlled. Anglo American subsidiaries, and their management, are responsible for their own day-to-day operations, including but not limited to securing and maintaining all relevant licences and permits, operational adaptation and implementation of Group policies, management, training and any applicable local grievance mechanisms. Anglo American produces group-wide policies and procedures to ensure best uniform practices and standardisation across the Anglo American Group but is not responsible for the day to day implementation of such policies. Such policies and procedures constitute prescribed minimum standards only. Group operating subsidiaries are responsible for adapting those policies and procedures to reflect local conditions where appropriate, and for implementation, oversight and monitoring within their specific businesses.
Consensus Figures
The consensus figures on the following page ("Consensus Figures" and each a "Consensus Figure") are based on forecasts submitted by participating sell-side analysts who monitor Anglo American’s shares. Anglo American understands that:
- the Consensus Figures are an aggregation of publicly available forecasts collated exclusively by Visible Alpha LLC or its affiliated entities (“Visible Alpha”), as at that respective date, but only on the basis of information submitted by those analysts who choose to participate (who may not necessarily be the same analysts who contributed to previous Consensus Figures); and
- the Consensus Figure for a particular item represent the arithmetic average of all figures for that item submitted to Visible Alpha by participating analysts.
Visible Alpha is a company independent of Anglo American. Neither Visible Alpha, nor the contributing analysts, have any access to Anglo American's internal forecasts, budgets or any other information which is not publicly available.
The Consensus Figures are not based on Anglo American's own opinions, estimates or forecasts and are compiled and published without comment from, or endorsement or verification by Anglo American. To the fullest extent permitted by law, Anglo American disclaims and does not accept any liability whatsoever or howsoever arising for the Consensus Figures or any reliance placed upon, or actions taken based on, any of the information set out in the Consensus Figures. No warranty or representation, whether express or implied, is made by, nor is any duty of care or responsibility is assumed by, Anglo American or its affiliates, or their respective directors, officers and employees, in relation to the accuracy, completeness or achievability of the Consensus Figures and, to the fullest extent permitted by law, no responsibility or liability whatsoever or howsoever arising is accepted by any of those persons in respect of those matters.
The Consensus Figures do not necessarily reflect guidance provided from time to time by Anglo American where given in relation to equivalent metrics which, to the extent available, can be found on the Anglo American website.
Without limiting the foregoing, by enabling publication of the Consensus Figures and referencing the same on its website, Anglo American does not imply that it endorses, confirms or expresses a view on the Consensus Figures.
Timing of Consensus
Anglo American understands the Consensus Figures will reflect the view of various analysts at, or around, the date depicted on the following page and that the number of analysts who have contributed to a Consensus Figure will be reflected next to the relevant figure.
Analyst estimates can change significantly from time to time, as commodity prices and foreign exchange rates, among other things, can change rapidly. Anglo American understands that any such changes in analysts' estimates will not be reflected in the Consensus Figures published on the following page until Anglo American invites sell-side analysts to submit their updated forecasts. Notwithstanding the foregoing, Anglo American assumes no obligation to update, revise or supplement the Consensus Figures.
Visible Alpha disclaimer
The information provided by Visible Alpha cited herein is provided “as is” and “as available” without warranty of any kind. Use of any Visible Alpha data is at your own risk and Visible Alpha disclaims any liability for use of the Visible Alpha data. Although the information is obtained or compiled from reliable sources Visible Alpha neither can nor does guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, sequence, timeliness, completeness or continued availability of any information or data, including third-party content, made available herein. In no event shall Visible Alpha be liable for any decision made or action or inaction taken in reliance on any information or data, including third-party content. Visible Alpha further explicitly disclaims, to the fullest extent permitted by applicable law, any warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose and non-infringement.
No investment advice
Anglo American is not authorised to provide, and is not providing, any investment advice. A link to the Consensus Figures is provided for informational purposes only and they are not intended to, nor do they, constitute, nor should they be construed as, investment, legal, accounting, regulatory, taxation or any other advice or any offer, recommendation, inducement or solicitation to buy, hold, subscribe or sell any securities or other financial instruments. In particular, the Consensus Figures may be forward-looking and as such are speculative and rely on assumptions and events in the future (some or all of which may not be satisfied or may not occur). Without limitation to any of the foregoing, nothing in the Consensus Figures should be interpreted to mean that future earnings per share of Anglo American will necessarily match or exceed its historical published earnings per share. The Consensus Figures do not take into consideration the investment or other objectives, financial situation or particular needs of any particular investor. Before making an investment decision, a prospective investor should consider its particular investment needs, objectives and financial circumstances, and should seek appropriate professional advice, tailored to the investor's circumstances. Any investment in securities is subject to investment risks.
By clicking on the 'accept' button below, you confirm that you understand the nature of the Consensus Figures and agree to the terms on which Anglo American provides a link to them, in each case as outlined above.