Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 257

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 257
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 Median | Upper quartile |
| 2024  |             46 |     39 |             33 |
| 20231 |            114 |     95 |             79 |

1. The 2023 pay ratio data has been restated based on actual pay outcomes for the Chief Executive in 2023. The median CEO pay ratio of 39:1 is lower than last year, primarily due to materially lower outcomes on long-term incentives for the performance period ending 31 December 2024. The Committee continues to be mindful of the relationship between executive remuneration and that of our broader workforce. The Committee’s decision making will continue to be supported by regular and detailed reporting on these matters. Relative spend on remuneration The table below shows our relative spend on remuneration across our global employee population and distributions to shareholders in the year. We have also shown other significant disbursements of the company’s funds for comparison.

| Stated in US$m                                                  |  2024 |  2023 | Differencein spend |
| Remuneration paid1                                              | 7,055 | 6,636 |                419 |
| Distributions to shareholders2                                  | 7,025 | 6,470 |                555 |
| Purchase of property, plantand equipment, and intangibleassets3 | 9,621 | 7,086 |              2,535 |
| Corporate income tax paid3                                      | 4,165 | 4,627 |               -462 |

1. Total employment costs for the financial year as per note 7 to the financial statements. 2. Distributions to shareholders include equity dividends paid to owners of Rio Tinto shares as per the consolidated cash flow statement. 3. Purchase of property, plant and equipment, and intangible assets, and corporate income tax paid during the financial year are as per the consolidated cash flow statement.

| Annual Report on Form 20-F 2024 | 139 | riotinto.com |

Directors’ report | Remuneration report

Change in Director and employee pay In the table below, we compare the annual changes in salary, benefits and annual incentives of the Directors for the past 5 years, to that of the Australian employee population. Column “a” represents the percentage change in salary and fees; values in column “b” represent the percentage change in taxable benefits; and values in column “c” represent the percentage change in annual incentive outcomes for performance periods in respect of each financial year