Newman Preliminary results Year ended 30 June 2012 Marius Kloppers Chief Executive Officer Graham Kerr Chief Financial Officer 22 August 2012
Escondida Preliminary results Year ended 30 June 2012 Marius Kloppers Chief Executive Officer
Key themes Strong operating performance and robust financial results Targeting a significant reduction in operating costs Disciplined investment has established strong momentum in our major businesses Our projects in execution are…
Robust financial results Total Recordable Injury Frequency improved by 6% Underlying EBITDA of US33.7 billion, down 9% Underlying EBIT of US27.2 billion, down 15% Attributable profit (excluding exceptional items) of US17.1…
Strong operating performance Record production at 10 operations Effective asset utilisation1 in FY12 (%) 90% Western Australia Iron Ore (WAIO) shipments rose to a rate of 179mtpa (100% basis) in the June 2012 quarter Temporary…
Eagle Ford Preliminary results Year ended 30 June 2012 Graham Kerr Chief Financial Officer
Strength in diversity The value of our diversified strategy was Underlying EBIT1 reflected in the Groups Underlying EBIT (%) margin of 39%1 Net operating cash flow of US12.1 billion in H2 FY12 declined by 1% when compared with H1…
Underlying EBIT analysis EBIT variance (FY12 versus FY11, US billion) Uncontrollable (2.2) Controllable (2.6) 29.8 1. Includes net impact of price-linked costs. 2. The impact of wet weather and industrial action at Escondida and…
Investment in high margin organic growth delivered tangible results Volume variance1 (US million) Note: Volume variance calculated on Underlying EBIT using previous period margin. 1. The impact of wet weather and industrial action at…
Targeting significant cost savings in FY13 The rate of cost escalation was exacerbated FY12 cash costs escalation1 by a number of temporary factors (%) +5% Queensland Coal and Escondida will benefit significantly as production…
Major projects in our core products underpin near term growth and returns Major projects currently in execution1 Iron Ore Metallurgical Coal D&SP (capital expenditure, US billion) Petroleum Energy Coal SSM Base Metals Manganese…
Disciplined management of our capital Our priorities for capital are unchanged Strong balance sheet (net gearing, %) first: invest in high return growth opportunities throughout the economic cycle second: maintain a solid A credit…
Royalties, taxes and exceptional items US11.9 billion was distributed in the form of federal taxes, state taxes and production royalties representing 44% of Underlying EBIT Attributable profit of US15.4 billion included exceptional…
Mt Arthur Coal Preliminary results Year ended 30 June 2012 Marius Kloppers Chief Executive Officer
Our positive long term view remains unchanged Concerns surrounding the Eurozone GDP change between 2011 and 2025 and the slowdown in China have led to (2005 real PPP US trillion) significant volatility Measured improvement in the…
Demand is only one side of the price equation Demand growth alone is not a good Cumulative demand growth Price indicator of price performance (% growth relative to 2000) (US per metric tonne) inducement pricing: the copper Copper…
Pricing will be partly driven by the pace of the supply response Robust aluminium demand will Forecast supply additions relative to anticipated continue to be met by strong supply 20 year demand growth (2000 to 2020) (%) The low cost…
Prioritising low risk, high return growth Our diversified strategy delivers superior Asset turnover1 margins and returns (%) Our 20 major projects are largely low risk expansions of existing operations that will deliver first…
Maximising our inner harbour capacity in WAIO Our major projects are on schedule WAIO system capacity and budget (mtpa, 100% basis) completion of the Port Hedland Inner +220mtpa Harbour Expansion project in H2 CY12 Jimblebar Mine…
Delivering low risk growth in Base Metals Antamina expansion project delivered first Antamina throughput capacity production in the March 2012 quarter (ktpd, 100% basis) generates a high rate of return forecast copper production…
Significant latent capacity in Metallurgical Coal Industrial action and wet weather severely Queensland Coal production capacity3 constrained production at Queensland Coal (mtpa, 100% basis) Strong Australian dollar, general…
Accelerating development of our liquids rich shale assets Prioritise development of the oil and Onshore US capital expenditure liquids rich Eagle Ford shale with (US billion) appraisal drilling in the Permian Basin Investment in the…
Strong near term momentum in our major businesses Growth in WAIO production rate to Forecast production2 +220mtpa1 before end FY15 (index=100) Escondida copper production to increase to over 1.3mt1 in FY15 Completion of the Hay…
Longer term development options Olympic Dam Project Jansen Following a major capital review, BHP Billiton has decided to study an alternative, less capital intensive design of the Olympic Dam open pit expansion that involves new…
Longer term development options Permian Basin WAIO 440,000 acres with a significant appraisal program underway Encouraging results indicate potential for a 100Mboe/day shale liquids business More than 60 wells are planned for FY13…
Committed to further simplify the portfolio Our business generates more cash per Cash margin1 unit of product and a higher level of cash (US per copper equivalent unit) flow per employee The sale of our 37% non-operated interest in…
Superior returns throughout the cycle Our proven strategy has delivered sector Total shareholder returns2 leading returns (%) We have returned US53.8 billion1 to shareholders over the last 10 years The unique diversification of our…
Key themes Strong operating performance and robust financial results Targeting a significant reduction in operating costs Disciplined investment has established strong momentum in our major businesses Our projects in execution are…
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