Importance of copper for

energy
transition

KGHM’s commitments to

environment
and climate

Summary of

2021

Summary of the
year 2021

Dear Stakeholders,
On behalf of the Management Board of KGHM Polska Miedź S.A. I hereby present you with the Annual Report of the Company and of the KGHM Polska Miedź Group for 2021.

In 2021 KGHM celebrated its 60th jubilee as a company. We recalled the Company’s pioneers and the most important events in the history of the copper giant, unswervingly looking towards the future, and above all concentrating on our daily work and enhancing the efficiency of our company’s actions. An ambitious climate policy, the strategic treatment of energy transformation and very good production and financial results, mean that we have written new pages in KGHM’s history, of which we can be proud. It is with genuine satisfaction that I hereby present you with the results of the Company and of the KGHM Polska Miedź Group for 2021.

Marcin Chludziński

President of the
Management Board

10,327

mn PLN

EBITDA

6,155

mn PLN

Profit for the period

754

Payable copper production by the KGHM Group

+28

% y/y

Payable copper production - Sierra Gorda

+23

% y/y

C1 net

The future
is made of copper!

It is the output of the European nonferrous metals industry that makes energy transformation and the vision of a climate-neutral Europe possible.

Energy storage and eletromobility

Outside the energy sector, copper is also a key component in electric vehicles, where it is used in batteries, steering systems and in the charging infrastructure.

Wind and solar energy

A single 3 MW wind turbine contains as much as 4.7 metric tonnes of copper and the construction of a 1 MW solar power plant requires from 3.1 to 4.5 metric tonnes of copper.

Cabling

Copper cabling offers an even greater advantage, with approximately 60% more current carrying capacity than aluminium cables of the same size. Also, the thermal conductivity of copper is more than half that of aluminium.