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BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc.

Freeport-Mcmoran Inc. · Mar 20, 2014 · 22 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. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 1
    EXPANDING RESOURCES Select Series 2014: Metals & Materials Cross Asset Forum Richard C. Adkerson Vice Chairman, President & CEO March 20, 2014 www.fcx.com
  2. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 2
    EXPANDING RESOURCES FCX A Premier U.S. Based Natural Resource Company Worlds Largest Publicly Traded Copper Producer Long-lived Reserves with Large Incremental Resources High-Quality U.S. Based Oil & Gas Assets Strong Margins &…
  3. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 3
    EXPANDING RESOURCES 2013 Year in Review Focused on Execution Strong Operating Performance Globally 12% Increase in Copper Sales (Growth in All 4 Regions) Significant Contribution from O&G Business Advanced Important Projects…
  4. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 4
    EXPANDING RESOURCES FCXs Global Footprint Major Operations & Development Projects North America1 All major mining assets majority-controlled and operated Reserves Cu 36.2 bn lbs Mo 2.55 bn lbs Copper Oil & Gas 648 MMBOE2 Sales…
  5. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 5
    EXPANDING RESOURCES Geographic & Commodity Mix (1) 2014e EBITDA North Mining America 73% 51% South America 17% Africa Oil & Gas Indonesia 27% 8% 24% (1) Based on 2014e EBITDA of 10.5 bn assuming annual pricing of…
  6. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 6
    EXPANDING RESOURCES Portfolio of World Scale Mines Positive Exploration Results Big Mines Get Bigger Mines with Potential Capacity for 1 billion lbs of copper per annum* Morenci Tenke Grasberg Fungurume Cerro Verde El Abra…
  7. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 7
    EXPANDING RESOURCES Copper Reserves & Mineralized Material as of 12/31/13 billion lbs of copper 12/31/13 226 Mineralized Material (b) by Geographical Region Mineralized 115 Material (b) billion lbs North (contained copper)…
  8. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 8
    EXPANDING RESOURCES Oil & Gas Operating Assets 648 MMBOE Proved & Probable Reserves as of 12/31/13 California GOM Deepwater Long Established Oil Significant Current Production Production History with Upside Strong Margins and…
  9. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 9
    EXPANDING RESOURCES Indonesia Regulatory Matters In January 2014, Indonesian Government Published New Regulations Regarding Exports of Minerals, including Copper Concentrates - Allows Exports Through January 2017 - Includes…
  10. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 10
    EXPANDING RESOURCES PT-FI Operational Status Since Mid-January, Adjusted Operating Plans to Match Production to Domestic Capacity Mill Rate Averaged 50% of Normal Rates Since Mid-January Monthly Impact/Deferral of Metal:…
  11. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 11
    EXPANDING RESOURCES Copper Markets Favorable Long-term Demand Drivers & Supply Constraints Total Consumption Supply From Existing Mines 40 20 +7.6Mt +4.4Mt (4.2Mt) 27% 30% (22%) 30 +5.4Mt 15 24% Cu in Mt Cu in Mt 20…
  12. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 12
    EXPANDING RESOURCES Visible Organic Growth Mining Oil & Gas Targeting 5+ Billion Pounds Growing Production Profile in Annual Cu Production by 2015 Established Basins (37% Increase from 2012) Substantial Production Capacity…
  13. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 13
    EXPANDING RESOURCES Brownfield Development Projects Tenke Fungurume Cerro Verde Morenci Phase II Expansion Mill Expansion Mill Expansion 0.9 billion* 4.6 billion 1.6 billion Completed on time & within budget Commenced construction…
  14. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 14
    EXPANDING RESOURCES PT Freeport Indonesia Grasberg Minerals District Life-of-Mine Production Sequencing* Plan View 258mm mt Grasberg Open Pit 0.90% Cu & 0.98 g/t Au 176mm mt Grasberg & DOZ 0.57% Cu & 0.71 g/t Au Kucing Liar…
  15. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 15
    EXPANDING RESOURCES Deepwater Gulf Of Mexico 4Q 2013 Deepwater GOM Production: 60k BOE/D Holstein Marlin Horn Mountain Capacity Capacity Capacity 113,500 BOPD 60,000 BOPD 75,000 BOPD 142,300 MCFD 235,000 MCFD 72,000 MCFD…
  16. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 16
    EXPANDING RESOURCES Inboard Lower Tertiary/ Cretaceous Activities Inboard Lower Tertiary/ Cretaceous Area Lomond North Lineham Creek England Davy Jones Blackbeard Area Industry Leading Position in Emerging Trend Lomond…
  17. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 17
    EXPANDING RESOURCES 2014e Outlook Sales Outlook Unit Cost Copper(1): 4.4 Billion lbs. 1.45/lb(3) of Copper Gold(1): 1.7 Million ozs. 20/BOE Molybdenum: 95 Million lbs. Oil Equivalents(2): 60.7 MMBOE (70% Oil) Operating Cash…
  18. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 18
    EXPANDING RESOURCES Production Profile Copper Sales (billion lbs)* Gold Sales (million ozs)* 3 6 3.0 2 5.7 1.7 1 1.2 1.4 5.0 0 2013 2014e 2015e 2016e ____________________ 4 4.4 Note: Consolidated gold sales include 123k ozs…
  19. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 19
    EXPANDING RESOURCES EBITDA and Cash Flow at Various Copper Prices Average EBITDA (1,200 Gold, 10 Molybdenum & 100 Oil) 20 (US billions) 15 2015e/2016e 10 Average 5 2014e 0 Cu 3.00/lb Cu 3.50/lb Cu 4.00/lb Average…
  20. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 20
    EXPANDING RESOURCES Capital Expenditures (1) (US billions) 8 7.1 7.3 6.6 6 5.3 3.5 3.0 Oil & Gas 1.5 (2) 4.0 4 Major Projects 2.3 (3) TOTAL 3.1(3) 2.6 2 MINING 4.1 3.8 1.4 Other 3.8 2.6 Mining 1.5 1.0 1.2 1.2 0…
  21. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 21
    EXPANDING RESOURCES Committed to Balance Sheet Management Strong Track Record Debt Targeted at 12 Billion by 12/31/2013 Balances YE 2016 ( in bns) Anticipate Continuing Current 20.1 Common Stock Dividend Rate: 18.1 1.25/Share…
  22. BARCLAYS SELECT SERIES 2014 – Freeport-Mcmoran Inc. – slide 22
    EXPANDING RESOURCES Summary A Strong & Focused Organization Maximize Total Shareholder Returns Strong Management of the Base Operational Excellence Achieve Production Targets Effective Cost and Capital Management Manage HS&E…

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