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August 2013 Investor Presentation – BHP Billiton Limited

BHP Billiton Limited · Aug 20, 2013 · 52 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. August 2013 Investor Presentation – BHP Billiton Limited – slide 1
    Escondida Preliminary results Year ended 30 June 2013 Andrew Mackenzie Chief Executive Officer Graham Kerr Chief Financial Officer 20 August 2013
  2. August 2013 Investor Presentation – BHP Billiton Limited – slide 2
    Disclaimer Mineral Resources This presentation includes information on Mineral Resources. Mineral Resources are compiled by: J McElroy (MAusIMM), B Nemeth (MAusIMM) Saskatchewan Potash. This is based on Mineral Resource information as…
  3. August 2013 Investor Presentation – BHP Billiton Limited – slide 3
    Port Hedland Escondida Preliminary results Year ended 30 June 2013 Andrew Mackenzie Chief Executive Officer 20 August 2013
  4. August 2013 Investor Presentation – BHP Billiton Limited – slide 4
    Key themes We continue to extend our strong track record of operating performance Controllable cash costs reduced by US2.7 billion in FY13 Group capital and exploration expenditure to decline to US16.2 billion in FY14 A simplified…
  5. August 2013 Investor Presentation – BHP Billiton Limited – slide 5
    Sustainability underpins everything we do Health Safety Environment Community Preliminary results, 20 August 2013 Slide 6
  6. August 2013 Investor Presentation – BHP Billiton Limited – slide 6
    Continued improvement in safety performance Total Recordable Injury Frequency (TRIF) (number of recordable injuries per million hours worked) 10 8 6 4 2 0 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13…
  7. August 2013 Investor Presentation – BHP Billiton Limited – slide 7
    Sustainability underpins everything we do Health Safety Environment Community Preliminary results, 20 August 2013 Slide 8
  8. August 2013 Investor Presentation – BHP Billiton Limited – slide 8
    Robust results reflect record production and substantial productivity gains Underlying EBITDA of US28.4 billion, down 16% Underlying EBIT of US21.1 billion, declined by 22% as generally weaker commodity prices reduced Underlying EBIT…
  9. August 2013 Investor Presentation – BHP Billiton Limited – slide 9
    We continue to extend our strong track record of operating performance Production records achieved across seven Strong growth in our major businesses operations and five commodities in FY13 (production volumes, % change, FY13 versus…
  10. August 2013 Investor Presentation – BHP Billiton Limited – slide 10
    Our differentiated strategy has delivered superior financial returns Consistent growth in our high margin Strong growth in total shareholder returns3 businesses (TSR, 30 June 2003 = 100) 1,000 Average EBIT margin of 41% and average…
  11. August 2013 Investor Presentation – BHP Billiton Limited – slide 11
    BMA Preliminary results Year ended 30 June 2013 Graham Kerr Chief Financial Officer 20 August 2013
  12. August 2013 Investor Presentation – BHP Billiton Limited – slide 12
    Key themes We continue to extend our strong track record of operating performance Controllable cash costs reduced by US2.7 billion in FY13 Group capital and exploration expenditure to decline to US16.2 billion in FY14 A simplified…
  13. August 2013 Investor Presentation – BHP Billiton Limited – slide 13
    Other items affected underlying profitability Pre-tax (US million) EBITDA D&A Interest 0 (200) (400) (600) (800) Onshore US Embedded Balance sheet Production Mad Dog Tug Harbour Interest rate rig termination…
  14. August 2013 Investor Presentation – BHP Billiton Limited – slide 14
    Successfully managing the factors we control EBIT variance (FY13 versus FY12, US billion) 30.0 27.2 24.0 0.6 2.2 (0.1) 0.2 21.1 1.8 (0.6) 0.4 (1.0) 18.0 18.0 (8.9) (0.7) 12.0 6.0 0.0 Other New Sub-total…
  15. August 2013 Investor Presentation – BHP Billiton Limited – slide 15
    Substantial growth in our major basins Volume variance (FY13 versus FY12, US million) 2,500 260 2 2,057 2,000 415 1,791 (266) 1,500 1,380 1,000 500 0 Iron Ore Coal Copper Aluminium, Sub-total Petroleum Total Manganese…
  16. August 2013 Investor Presentation – BHP Billiton Limited – slide 16
    Controllable cash costs reduced by US2.7 billion Cash cost savings (US million) Controllable Uncontrollable 3,500 649 3,278 (114) 3,000 546 2,743 2,500 924 2,197 2,000 1,500 105 73 619 1,273 (168) 1,000 458 500 186 0…
  17. August 2013 Investor Presentation – BHP Billiton Limited – slide 17
    Disciplined management of our capital Capital and exploration expenditure of Expenditure profile for our major projects in execution2 US21.7 billion1 in FY13 (US billion) Capital and exploration expenditure will decline to US16.2…
  18. August 2013 Investor Presentation – BHP Billiton Limited – slide 18
    Disciplined management of our capital Capital and exploration expenditure of Strong balance sheet US21.7 billion1 in FY13 (net gearing, %) 40 Capital and exploration expenditure will 30 decline to US16.2 billion1 in FY14 20…
  19. August 2013 Investor Presentation – BHP Billiton Limited – slide 19
    A temporary increase in our effective tax rate We paid US8.5 billion of income and royalty related taxation and US2.7 billion for other production royalties included US200 million of MRRT during the period Effective tax rate,…
  20. August 2013 Investor Presentation – BHP Billiton Limited – slide 20
    Neptune Preliminary results Year ended 30 June 2013 Andrew Mackenzie Chief Executive Officer 20 August 2013
  21. August 2013 Investor Presentation – BHP Billiton Limited – slide 21
    Key themes We continue to extend our strong track record of operating performance Controllable cash costs reduced by US2.7 billion in FY13 Group capital and exploration expenditure to decline to US16.2 billion in FY14 A simplified…
  22. August 2013 Investor Presentation – BHP Billiton Limited – slide 22
    More balanced global growth and lower rates of investment will support commodity markets The transition in the Chinese economy is Cumulative consumption 20101 underway (copper kg/capita) (steel t/capita) 300 12 we expect GDP growth…
  23. August 2013 Investor Presentation – BHP Billiton Limited – slide 23
    A simplified organisational design Chief Chief Executive Financial Officer Officer President President President Chief President President President President President Aluminium, Governance and Petroleum and Legal HSEC,…
  24. August 2013 Investor Presentation – BHP Billiton Limited – slide 24
    Increasing focus on our major basins Contribution to FY13 EBIT Aluminium, Manganese Coal 3% & Nickel 1% Copper 17% Iron Ore 52% Saskatchewan (Potash) Petroleum & Potash Onshore US 27% (Oil & gas) Gulf of Mexico (Oil &…
  25. August 2013 Investor Presentation – BHP Billiton Limited – slide 25
    Iron Ore: optimising our supply chain in the Pilbara Iron ore production is expected to increase by Iron ore production 11% to 188 mt (BHP Billiton share) in FY14 (index, FY09 = 100, BHP Billiton share) 200 includes a 10% increase at…
  26. August 2013 Investor Presentation – BHP Billiton Limited – slide 26
    Iron Ore: optimising our supply chain in the Pilbara Iron ore production is expected to increase by Utilisation of train load-out 11% to 188 mt (BHP Billiton share) in FY14 (index, July 2012 = 100) 175 includes a 10% increase at WAIO…
  27. August 2013 Investor Presentation – BHP Billiton Limited – slide 27
    Iron Ore: optimising our supply chain in the Pilbara Iron ore production is expected to increase by Jimblebar 11% to 188 mt (BHP Billiton share) in FY14 includes a 10% increase at WAIO Our productivity drive is in action across the…
  28. August 2013 Investor Presentation – BHP Billiton Limited – slide 28
    Petroleum: strong growth in liquids production Petroleum production is expected to increase by Petroleum production 6% to 250 MMboe in FY14 (index, FY09 = 100, BHP Billiton share) 200 includes 15% growth in Onshore US volumes, CAGR…
  29. August 2013 Investor Presentation – BHP Billiton Limited – slide 29
    Petroleum: strong growth in liquids production Petroleum production is expected to increase by Black Hawk drilling time1 6% to 250 MMboe in FY14 (index, Q1 FY13 = 100) 100 includes 15% growth in Onshore US volumes, productivity…
  30. August 2013 Investor Presentation – BHP Billiton Limited – slide 30
    Petroleum: strong growth in liquids production Petroleum production is expected to increase by 6% to 250 MMboe in FY14 includes 15% growth in Onshore US volumes, underpinned by an anticipated 75% increase in liquids production As…
  31. August 2013 Investor Presentation – BHP Billiton Limited – slide 31
    Copper: Escondida continues to deliver Copper production is expected to remain Copper production unchanged at 1.2 mt (BHP Billiton share) in FY14 (index, FY09 = 100, BHP Billiton share) 125 Escondida production remains on track to…
  32. August 2013 Investor Presentation – BHP Billiton Limited – slide 32
    Copper: Escondida continues to deliver Copper production is expected to remain Crushing and conveying system performance unchanged at 1.2 mt (BHP Billiton share) in FY14 (index, FY12 daily throughput average = 100) 150 Escondida…
  33. August 2013 Investor Presentation – BHP Billiton Limited – slide 33
    Copper: Escondida continues to deliver Copper production is expected to remain OGP1, Escondida unchanged at 1.2 mt (BHP Billiton share) in FY14 Escondida production remains on track to deliver 1.3 mt1 of copper in FY15…
  34. August 2013 Investor Presentation – BHP Billiton Limited – slide 34
    Coal: a rapid turnaround at Queensland Coal Coal production is expected to increase by 3% to Coal production 114 mt (BHP Billiton share1) in FY14 (index, FY09 = 100, BHP Billiton share 1) 125 energy coal production is expected to…
  35. August 2013 Investor Presentation – BHP Billiton Limited – slide 35
    Coal: a rapid turnaround at Queensland Coal Coal production is expected to increase by 3% to Goonyella truck fleet utilisation 114 mt (BHP Billiton share1) in FY14 (index, September 2011 average fleet annualised hours = 100) 150…
  36. August 2013 Investor Presentation – BHP Billiton Limited – slide 36
    Coal: a rapid turnaround at Queensland Coal Coal production is expected to increase by 3% to Caval Ridge CPP 114 mt (BHP Billiton share1) in FY14 energy coal production is expected to remain steady at 73 mt metallurgical coal…
  37. August 2013 Investor Presentation – BHP Billiton Limited – slide 37
    An enviable position in Saskatchewan Preliminary results, 20 August 2013 Slide 38
  38. August 2013 Investor Presentation – BHP Billiton Limited – slide 38
    We remain confident in the long term outlook for potash We expect demand growth of 2% to 3% per Supply deficit in the long term annum to 2030 (million tonnes) demand 2030 Core demand drivers for potash remain in place potential…
  39. August 2013 Investor Presentation – BHP Billiton Limited – slide 39
    Investment at Jansen creates tangible value for our shareholders today Investing US2.6 billion at Jansen Jansen Potash project the excavation and lining of two shafts will be completed in CY16 the installation of surface…
  40. August 2013 Investor Presentation – BHP Billiton Limited – slide 40
    Our plan will deliver substantial growth in free cash flow Our disciplined plan is in action right across the business We have delivered strong volume growth and substantial productivity led cost savings We have committed to a…
  41. August 2013 Investor Presentation – BHP Billiton Limited – slide 41
  42. August 2013 Investor Presentation – BHP Billiton Limited – slide 42
    Appendix
  43. August 2013 Investor Presentation – BHP Billiton Limited – slide 43
    Strength in diversity EBIT margin1 (%) 75 50 25 0 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 Petroleum and Potash Copper Iron Ore Coal Aluminium, Manganese and Nickel Group 1. Calculated on the basis of UKGAAP…
  44. August 2013 Investor Presentation – BHP Billiton Limited – slide 44
    Impact of commodity price movements Total price variance (FY13 versus FY12, US million) 0 (27) (521) (555) (1,000) (2,000) (3,000) (3,666) (4,000) (4,126) (5,000) Petroleum Copper Aluminium, Manganese Coal Iron Ore…
  45. August 2013 Investor Presentation – BHP Billiton Limited – slide 45
    A weaker US dollar has hidden implications for Underlying EBIT Foreign exchange gain/(loss) on balance sheet monetary items (US million) 0 59 (100) (89) (90) 31 (57) 9 (200) (43) (300) Group and Coal Copper Aluminium,…
  46. August 2013 Investor Presentation – BHP Billiton Limited – slide 46
    Our high quality project pipeline WAIO Caval Jansen shaft Inner Macedon Ridge development Harbour WAIO NWS North Bass Strait Broad- HPX3 NWS Jimblebar Rankin B LGCP meadow GWF-A FY13 FY14 FY15 FY16 Cerrejon Escondida…
  47. August 2013 Investor Presentation – BHP Billiton Limited – slide 47
    Capital and exploration expenditure Minerals and conventional oil and gas capital and exploration expenditure US billion FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14e2 Growth 1.7 2.6 4.0 5.5 6.1 7.3 8.1 9.2 14.4 13.6 Sustaining…
  48. August 2013 Investor Presentation – BHP Billiton Limited – slide 48
    Summary of key exchange rate components in tax expense/(income) FY13 FY12 Restatement of expense/(income) expense/(income) US million US million Current tax payable 250 (91) Deferred tax balances on fixed assets 149 59 Deferred…
  49. August 2013 Investor Presentation – BHP Billiton Limited – slide 49
    Maturity profile analysis Debt balances1 (US billion2) 6 5 4 3 2 1 0 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 Post FY28 Jointly US Euro Sterling A C CP Controlled Bonds Bonds Bonds Bonds Bonds…
  50. August 2013 Investor Presentation – BHP Billiton Limited – slide 50
    Key net profit sensitivities Approximate impact1 on FY14 net profit after tax of changes of US million US1/t on iron ore price 115 US1/bbl on oil price 45 US10/MMbtu on US gas price 25 US1/t on metallurgical coal price 25…
  51. August 2013 Investor Presentation – BHP Billiton Limited – slide 51
    Jansen Potash project Preliminary results, 20 August 2013 Slide 52
  52. August 2013 Investor Presentation – BHP Billiton Limited – slide 52

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