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Year End June 30, 2015 Financial Results – BHP Billiton Limited

BHP Billiton Limited · Aug 25, 2015 · 26 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. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 1
    Yandi Financial results Year ended 30 June 2015 Andrew Mackenzie Chief Executive Officer Peter Beaven Chief Financial Officer 25 August 2015
  2. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 2
    Spence Escondida Financial results Year ended 30 June 2015 Andrew Mackenzie Chief Executive Officer 25 August 2015
  3. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 3
    Our unique portfolio will create value and underpin dividends through the cycle Asset quality and operating performance support margins and cash flow net operating cash flow of US17.8 billion and EBITDA margin of 50% US4 billion…
  4. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 4
    The health and safety of our people is our priority Despite our goal to achieve zero fatalities, tragically we lost five colleagues in FY15 Total Recordable Injury Frequency (TRIF) (number of recordable injuries per million hours…
  5. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 5
    Strong margins underpin robust cash flow Underlying EBITDA Leading margins through the cycle (Underlying EBITDA margin2, %) US21.9 billion, down 28% 60 Underlying attributable profit US6.4 billion, down 52% 50 Net operating cash…
  6. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 6
    Record production volumes Production1 from our core portfolio2 grew by Production growth from our key commodities 27% over the last two years (production volumes, % change, FY15 versus FY14) record Western Australia Iron Ore…
  7. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 7
    Sustainably lowering unit costs Over US10 billion of annualised productivity-led Unit costs continue to fall rapidly3 gains1 delivered so far (US per copper equivalent tonne) US4 billion target achieved two years ahead of schedule…
  8. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 8
    Macedon Financial results Year ended 30 June 2015 Peter Beaven Chief Financial Officer 25 August 2015
  9. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 9
    Resilient in a challenging environment Underlying EBIT variance (US billion) 27.0 Uncontrollable (-US14.0 billion) Controllable (+US3.8 billion) 22.1 18.0 0.5 2.7 (1.3) 11.9 1.2 1.8 (1.1) 9.0 1.6 8.1 (0.4) (15.2) 0.0…
  10. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 10
    Petroleum: strong operating performance Production increased by 4% to a record 256 MMboe, supported by a 67% increase in Onshore US liquids The rise in non-cash costs reflects higher depreciation and amortisation charges in Onshore US…
  11. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 11
    Copper: improved efficiencies and lower costs A 14% decline in unit cash costs1 at our operated copper assets partially offset price weakness Higher non-cash charges largely reflected a US199 million impairment at Cerro Colorado,…
  12. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 12
    Iron Ore: exceptional margins through the cycle WAIO production increased by 13% to a record 254 Mt1 reflecting the ramp-up of Jimblebar and productivity gains across the supply chain WAIO unit cash costs2 fell 31% to less than US19…
  13. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 13
    Coal: profitable in a tough environment Queensland Coal production increased by 13% to a record 43 Mt supported by the ramp-up of Caval Ridge and records at six other operations A reduction in labour, contractor and maintenance costs…
  14. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 14
    Other items affecting profitability Other items (US million) 1,000 Underlying EBIT Underlying Exceptional items: Exceptional items: 469 attributable profit continuing discontinued operations2 operations2 63 0 (123) (188) (111)…
  15. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 15
    Maximising free cash flow Free cash flow in FY15 of US6.3 billion WAIO will continue to deliver strong free cash flow (Mt, 100%) (US/t) productivity gains of US4.1 billion1, 300 45 two years ahead of target capital and exploration…
  16. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 16
    Our balance sheet is strong Remain committed to our strong Net debt fell while gearing increased balance sheet (net debt, US billion) (gearing, %) 30 30 our credit rating1 is the strongest in the sector 25 25 Net debt down by…
  17. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 17
    Escondida Caval Ridge Financial results Year ended 30 June 2015 Andrew Mackenzie Chief Executive Officer 25 August 2015
  18. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 18
    Emerging economies will drive long-term commodities demand growth Short-term drivers Growth in emerging economies remains robust (% YoY) Ongoing economic reforms in China will 9 contribute to periods of market volatility Chinese…
  19. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 19
    Margins for low-cost bulk suppliers remain solid Demand growth for iron ore and metallurgical coal Chinese pig iron production remains attractive, albeit at a slower rate (Mt) we expect Chinas crude steel production to peak between…
  20. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 20
    Copper and oil offer significant growth opportunities Copper Deficit to emerge in copper from CY19 (Mt) Growth in global demand remains compelling 28 2.3% CAGR CY15 to CY25 24 Supply increasingly challenged, primarily due to grade…
  21. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 21
    Delivering solid growth through the cycle We have latent capacity within each of our Volume growth options across the portfolio businesses which lowers the capital intensity of (Escondida equivalent terms2,3) 5x +20% IRR1 our…
  22. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 22
    We are committed to our progressive dividend Our commitment to the progressive Capital spend falls as current projects are completed1 dividend remains unchanged (US billion) 20 our progressive dividend has withstood previous cycles…
  23. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 23
    Our unique portfolio will create value and underpin dividends through the cycle Asset quality and operating performance support margins and cash flow net operating cash flow of US17.8 billion and EBITDA margin of 50% US4 billion…
  24. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 24
    BHP Billiton guidance Group FY16e FY17e Capital and exploration expenditure (USbn) 8.5 7.0 Cash basis; BHP Billiton share; excludes capitalised deferred stripping and non-controlling interests; includes BHP Billiton proportionate share…
  25. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 25
    BHP Billiton guidance (continued) Copper FY16e Total copper production (Mt) 1.5 Pampa Norte production is forecast to remain at a similar level to FY15. At Olympic Dam, an increase in full-year production is anticipated following the…
  26. Year End June 30, 2015 Financial Results – BHP Billiton Limited – slide 26
    Key net profit sensitivities Approximate impact1 on FY16 net profit after tax of changes of US million US1/t on iron ore price 148 US1/bbl on oil price2 52 US10/MMbtu on US gas price 19 US1/t on metallurgical coal price 25…

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