Freeport-McMoRan Inc. (NYSE:FCX) Q2 2023 Earnings Conference Call July 20, 2023 10:00 AM ET Company Participants Kathleen Quirk – President Richard Adkerson – Chairman and Chief Executive Officer Josh Olmsted – President and Chief Operating Officer-Americas Conference Call Participants Alex Hacking – Citi Christopher LaFemina – Jefferies Carlos de Alba – Morgan Stanley Timna Tanners – Wolfe Research Michael Dudas – Vertical Research Partners Brian MacArthur – Raymond James Cleve Rueckert – UBS Operator Ladi ...

Freeport-McMoRan, Inc. Conference Call Summary Company Overview - **Company**: Freeport-McMoRan, Inc. (NYSE: FCX) - **Industry**: Metals and Mining, specifically Copper Key Points and Arguments Copper Market Outlook - Concerns exist regarding a potential downturn in copper prices due to new supply coinciding with a slowing global economy [4] - Freeport maintains a long-term focus on copper, emphasizing the importance of a strong balance sheet to navigate short-term uncertainties [5][6] - The company believes that the market will struggle to meet growing copper demand driven by electrification and artificial intelligence [8][9] M&A Activity - Freeport has been evaluating M&A opportunities but does not prioritize growth through acquisitions, focusing instead on internal resource development [10][11][12] - The company acknowledges the historical challenges of M&A in the industry and prefers to capitalize on its own resource development [13][15] - Freeport is not interested in diversifying into gold or other metals, maintaining a strong focus on copper [16] Future Goals and Production Targets - Freeport aims to increase copper production through leaching operations, targeting 200 million pounds in the near term and 800 million pounds in the medium term [20] - The company is excited about the potential of its leaching stacks, which contain significant copper reserves [25] - Brownfield development projects are underway, including a new concentrator at the Bagdad mine in Arizona [26] Grasberg Mine Operations - The Grasberg mine is transitioning to the world's largest underground mine, with successful operational management despite environmental challenges [30][31] - Freeport has secured a stable relationship with the Indonesian government, which is crucial for the long-term operation of Grasberg [32][38] - The company is exploring the potential for extending operational rights beyond 2041, with ongoing drilling to assess resource availability [33][34] Financial Performance - Freeport reported negative cash costs of $0.15 per pound for the Grasberg mine, indicating strong profitability [18][34] - The company emphasizes the importance of managing costs effectively to leverage higher copper prices in the future [28] Additional Important Insights - Freeport's management is focused on conservative financial reporting and aims to underpromise and overdeliver on expectations [24] - The company has a strong community support framework, which is essential for operational success in the U.S. [27] - The current U.S. tax environment is favorable for Freeport, with a low incremental federal tax rate [27] This summary encapsulates the key insights from the Freeport-McMoRan conference call, highlighting the company's strategic focus on copper, operational challenges, and future growth plans.

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11307-01 Freeport-McMoRan Inc. (Exact name of registrant as specified in its charter) Delaware 74-2480931 (State or other juris ...

Freeport-McMoRan Inc. (NYSE:FCX) Q1 2023 Earnings Conference Call April 21, 2023 10:00 AM ET Company Participants Kathleen Quirk - President Richard Adkerson - Chairman and Chief Executive Officer Cory Stevens - President, Freeport-McMoRan Mining Services Conference Call Participants Christopher LaFemina - Jefferies Emily Chieng - Goldman Sachs Carlos De Alba - Morgan Stanley Brian MacArthur - Raymond James Timna Tanners - Wolfe Research John Tumazos - John Tumazos Very Independent Research LLC Michael Duda ...

Freeport-McMoRan, Inc. (NYSE:FCX) BMO Global Metals & Mining Conference February 27, 2023 10:30 AM ET Company Participants Richard Adkerson - Chairman & CEO Conference Call Participants David Gagliano - BMO Capital Markets David Gagliano All right. Great. We're -- as you can see, we're going to mix it up a little bit here. We're turning this into -- this next session into a fireside chat. So please send in your questions through the app. Obviously, I've got quite a few, but please send them in if you have a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-11307-01 Freeport-McMoRan Inc. (Exact name of registrant as specified in its charter) Delaware 74-2480931 (State or other jurisdicti ...

Freeport-McMoRan Inc. (NYSE:FCX) Q4 2022 Results Conference Call January 25, 2023 10:00 AM ET Company Participants Kathleen Quirk - President Richard Adkerson - Chairman and CEO Conference Call Participants Emily Chieng - Goldman Sachs Orest Wowkodaw - Scotiabank Chris LaFemina - Jefferies Lawson Winder - Bank of America Securities John Tumazos - John Tumazos Very Independent Research Michael Dudas - Vertical Research Bendik Folden Nyttingnes - Clarksons Securities Operator Ladies and gentlemen, thank you f ...

FCX Conference Call 4th Quarter and Year Ended 2022 Results Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements in which FCX discusses its potential future performance. Forward-looking statements are all statements other than statements of historical facts, such as plans, projections, or expectations relating to business outlook, strategy, goals or targets; global market conditions; ore grades and milling rates; production and sales volumes; unit n ...