Port Hedland Interim results Half year ended 31 December 2012 Marius Kloppers Chief Executive Officer Graham Kerr Chief Financial Officer 20 February 2013
Escondida Interim results Half year ended 31 December 2012 Marius Kloppers Chief Executive Officer 20 February 2013
Key themes We are delivering on our commitments Strong and predictable operating performance Controllable cash costs reduced by US1.9 billion on an annualised basis Major projects are on schedule and budget Ongoing divestment…
Solid results despite weaker prices Total Recordable Injury Frequency improved to 4.6 per million hours worked Underlying EBITDA of US13.2 billion, down 29% Underlying EBIT of US9.8 billion, down 38% Attributable profit (excluding…
Strong and consistent performance Production records achieved across Strong growth in our high margin businesses five operations (sales volumes, % change, H1 FY13 versus H1 FY12) Copper Unchanged guidance for our major, high margin…
Newman Interim results Half year ended 31 December 2012 Graham Kerr Chief Financial Officer 20 February 2013
Key themes We are delivering on our commitments Strong and predictable operating performance Controllable cash costs reduced by US1.9 billion on an annualised basis Major projects are on schedule and budget Ongoing divestment…
Underlying EBIT analysis EBIT variance (H1 FY13 versus H1 FY12, US billion) 18.0 15.9 12.0 0.7 0.3 0.4 (0.1) 9.8 9.5 (0.2) (5.7) (0.4) (0.4) (0.4) (0.3) 6.0 0.0 energy New H1 FY12 H1 FY13 Exchange…
Delivering strong growth in our high margin businesses Volume variance (H1 FY13 versus H1 FY12, US million) 900 44 5 62 101 678 141 (131) 600 456 435 (243) 300 0 Iron Ore Base Metallurgical Energy Manganese Aluminium D&SP…
A weaker US dollar has hidden implications for profitability Foreign exchange gain/(loss) on balance sheet monetary items (US million) 0 (200) (169) (95) (79) (400) (65) (32) (30) (14) (7) (600) (83) (574) Iron Ore…
Our projects remain on schedule and budget WAIO Worsley NWS North Caval Inner E&G Rankin B Ridge Harbour WAIO Bass Strait NWS Macedon Broad- HPX3 EKATI NWS Escondida Jimblebar LGCP CWLH Ore Access meadow Misery2 GWF-A FY12…
Ongoing divestment program continues to create substantial value Good progress on our strategic commitment Significant increase in prospective divestment proceeds1 (US billion) to simplify the portfolio 5.0 Asset sales totalling…
Royalties, taxes and exceptional items US6.1 billion paid in the form of federal taxes, Newman Primary School state taxes and production royalties Underlying effective tax rate, including royalty related taxation, was 38% We have…
BMA Interim results Half year ended 31 December 2012 Marius Kloppers Chief Executive Officer 20 February 2013
Key themes We are delivering on our commitments Strong and predictable operating performance Controllable cash costs reduced by US1.9 billion on an annualised basis Major projects are on schedule and budget Ongoing divestment…
Global growth is strengthening, Chinese commodities demand is moderating The global economy looks set to benefit from Contribution to global GDP growth (% YoY) a period of improving economic growth 5 China will remain the primary…
Copper long term fundamentals remain compelling Robust supply growth is expected to result in a Large supply deficit in the longer term more balanced market in the near term (primary copper, million tonnes) 30 Longer term outlook…
Iron ore prices will remain volatile in the short term Over the last decade, Chinese demand for Schematic iron ore cost curve (US/t, CIF China) seaborne iron ore overwhelmed the capacity of the low cost supply basins Current cost…
Metallurgical coal prices to remain range bound Supply behaviour is important given the low Seaborne exports of US metallurgical coal demand growth rates of traditional markets (US/t, FOB) (million tonnes) 400 80 The sharp price…
Aluminium to remain in over capacity Long term fundamentals for copper and Chinese primary aluminium capacity and demand (million tonnes) aluminium present a stark contrast 40 Capacity Aluminium is expected to remain in over…
Strong momentum underpinned by growth in our major basins FY12 to FY14 production growth contribution Other 10% Copper 12% Petroleum 27% Metallurgical coal 25% Iron ore 26% Onshore US (Oil & gas) Gulf of Mexico (Oil &…
Allocating capital in a disciplined manner to maximise returns Capital is being deployed to our Capital expenditure for major highest EBITDA margin1 CSGs projects in…
Strong growth at a lower unit cost WAIO run rate of +220 mtpa1 is Escondida Western Australia Iron Ore (index, FY12 production = 100) (index, FY12 production = 100) anticipated before end FY15 200 200 Escondida copper production of…
Positioned to sustain superior shareholder returns Consistent execution of our proven strategy Total shareholder returns2 has delivered sector leading results (%) 50 Total shareholder return of 47% since FY08 We have returned US56.9…
Key themes We are delivering on our commitments Strong and predictable operating performance Controllable cash costs reduced by US1.9 billion on an annualised basis Major projects are on schedule and budget Ongoing divestment…
Appendix
Impact of commodity price movements Total price variance1 (H1 FY13 versus H1 FY12, US million) 1,000 316 0 (28) (58) (62) (385) (439) (1,000) (1,602) (2,000) (3,000) (3,169) (4,000) Base Metals D&SP Manganese…
Summary of key exchange rate components in tax expense/(income) H1 FY13 H1 FY12 Restatement of expense/(income) expense/(income) US million US million Current tax payable 17 (123) Deferred tax balances on fixed assets 43 82…
Capital and exploration expenditure Minerals and conventional oil and gas capital and exploration expenditure US billion FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13e Growth 2.0 1.7 2.6 4.0 5.5 6.1 7.3 8.1 9.2 14.4 Sustaining…
Maturity profile analysis Debt balances1 (US billion2) 6 4 2 0 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 Post FY28 Jointly US Euro Sterling A Bank CP Controlled Bonds Bonds Bonds…
Key net profit sensitivities Approximate impact1 on FY13 net profit after tax of changes of US million US1/t on iron ore price 110 US1/bbl on oil price 45 US10/MMbtu on US gas price 25 US1/t on metallurgical coal price 25…
Strength in diversity EBIT margin1 (%) 75 Petroleum 50 Aluminium & Nickel Base Metals D&SP Iron Ore Manganese 25 Metallurgical Coal Energy Coal Total 0 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 H1 FY13 1.…
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