Western Australia Iron Ore Interim results Half year ended 31 December 2011 Marius Kloppers Chief Executive Officer Graham Kerr Chief Financial Officer 8 February 2012
Escondida Interim results Half year ended 31 December 2011 Marius Kloppers Chief Executive Officer
Strong and predictable financial results Total Recordable Injury Frequency improved by 16% Underlying EBITDA of US18.7 billion, up 8% Underlying EBIT of US15.7 billion, up 6% Attributable profit (excluding exceptional items) of…
Robust performance in a challenging environment Record production for two commodities and Western Australia Iron Ore six operations WAIO annualised production rose to 178 mtpa (100% basis) in the December 2011 quarter Record half…
Prioritising development of the liquids rich Eagle Ford shale Completed the acquisition of Petrohawk Onshore US Energy Corporation Successful combination of high quality Onshore US assets into the BHP Billiton portfolio Large 7.6…
Hotazel Interim results Half year ended 31 December 2011 Graham Kerr Chief Financial Officer
Underlying EBIT analysis Half year ended December 2011 versus December 2010 EBIT variance (US billion) Uncontrollable Controllable 20.0 0.5 17.7 0.3 2.8 (0.4) (0.5) 0.1 15.7 14.8 15.0 (1.9) Net US(0.2) billion 10.0…
Record iron ore production offset by temporary challenges in the broader business Volume variance (US million) US(484) million 2,000 1,500 31 76 65 1,243 (133) 1,000 (168) (234) 500 (493) 0 (500) (871) (1,000) Iron…
Short term production constraints led to significant cost pressure Underlying EBIT cash cost variance1 (US million) 400 Structural Non structural 0 17% (218) (400) (315) (455) (597) (800) 83% (1,200) (1,600)…
Centralised procurement and project hubs delivering benefits Centralised procurement of key input Average mining truck lead time components mitigates our exposure to tight (months) consumable and mining equipment markets Long term…
A uniquely diversified portfolio Underlying EBIT1 Underlying EBIT margin1 (H1 FY12, US billion) (H1 FY12, %) 16 Iron Ore 65% 14 Metallurgical Coal 35% 12 Iron Ore Ferrous 60% Manganese 14% 10 Petroleum 59% 8 Metallurgical Coal BHP…
US27 billion of growth projects in execution Projects in execution1 Current commitment to growth projects in execution2 (US billion) NTP Exp 3 EKATI MAC Misery RX1 30 WAIO Daunia Port and Rail Kipper Antamina NTP Exp Broad-…
Disciplined and predictable approach to capital management Sources and uses of cash1 Gearing (US billion) (%) 40 40 30 30 Net operating cash flow 20 Capital and exploration expenditure 20 Cash dividends Capital management…
Spence Interim results Half year ended 31 December 2011 Marius Kloppers Chief Executive Officer
Structural drivers of demand remain intact Cautious on the short term economic Chinese GDP growth by province outlook for the developed world and (% year on year, 2010) Europe in particular No simple solution for the structural 10%…
Predictability = better planning Unchanged and proven strategy focused on Strong and stable EBIT margin1 large, long life, low cost, expandable and (%) upstream assets 80 BHP Billiton Customer Sector Groups We prioritise investment…
Strong growth in our Western Australia Iron Ore business WAIO annualised production rose to BHP Billiton Underlying EBIT contribution (H1 FY12) 178 mtpa (100% basis) in the December 2011 quarter Western Prior FY12 production…
Substantial low risk volume growth anticipated at key assets A substantial increase in copper production at Escondida production1 Escondida as operations progress towards (index annualised H1 FY12, BHP Billiton share) higher grade ore…
The options and capability to develop large scale, high quality projects Saskatchewan Potash Feasibility: Queensland Coal Jansen Stage 1 Potash Port Execution: Pre-feasibility: Caval Ridge Jansen Stages 2 & 3 Daunia Hay Point…
A large, low cost iron ore business with significant expansion potential WAIO US779 million (BHP Billiton share) Global iron ore deposits1 pre-commitment investment for an outer harbour (average Fe grade, %) development at Port…
The leading metallurgical coal business Leading resource position, premier products Global metallurgical coal deposits1 and industry leading margins (by basin) Projects in execution total US4.9 billion2 Bowen Basin Queensland…
Large and expandable Base Metals assets Escondida Organic Growth Project 1 will set the Global copper deposits1 framework for multiple phases of expansion (Cu grade excluding by-products1, %) 3.00 Targeting Board approval in H1 CY12…
Developing a world class presence in potash Three billion tonne resource delineated at Jansen1 Jansen US1.2 billion committed to date with ground freezing and shaft sinking programs underway Targeting Board approval for the first…
Consistent execution of a well defined strategy Strong and predictable financial results We have taken action to address industry wide challenges in the nickel, aluminium and manganese alloy product groups Substantial, low risk…
Appendix
Impact of major commodity price movements Half year ended December 2011 versus December 2010 Total price variance1 (US million) 1,400 1,322 1,050 927 927 700 391 350 160 50 0 (106) (350) (223) (700) (673) Petroleum…
Rate of cost change Operating cost movement relative to preceding year1 (%) 12.0 Total Excluding non-cash 10.5 10.1 9.8 9.0 9.0 6.0 5.3 5.0 4.9 4.8 4.3 4.2 3.0 0.0 0.0 (0.8) (3.0) FY07 FY08 FY09 FY10 FY11 H1 FY12…
Summary of key FX components in tax expense/(income) December 2011 December 2010 Restatement of expense/(income) expense/(income) US million US million Current tax payable (123) 391 Deferred tax balances on fixed assets 82…
Capital and exploration expenditure US billion FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12F Growth 1.9 2.0 1.7 2.6 4.0 5.5 6.1 7.3 8.1 9.4 Sustaining and Other 0.8 0.7 0.9 1.3 2.1 1.6 1.8 2.0 1.7 2.2 Exploration 0.4 0.3 0.5…
An unparalleled portfolio of growth options Olympic Dam IndoMet Project 3 Coal Expansion Cerrejon P500 Illawarra Coal Expansion Potash Yeelirrie Potash Jansen Scarborough Young Stage 2 MAC 32 Potash NTP Oxide Guinea Jansen Exp…
Maturity profile analysis Debt repayments1 (US million) 6,000 4,000 2,000 0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Post FY20 US Euro Bank CP Jointly Controlled Bonds Bonds Debt Issuance2 Entities3 Subsidiaries4 % of…
Key net profit sensitivities Approximate impact1 on FY12 net profit after tax of changes of US million US1/t on iron ore price 95 US1/bbl on oil price 40 US1/t on energy coal price 25 US1/t on metallurgical coal price 20…
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