Skip to main content Investor Presentation – Freeport-Mcmoran Inc. | Shale Experts
Loading...
Database
Slide Database

Investor Presentation – Freeport-Mcmoran Inc.

Freeport-Mcmoran Inc. · Feb 28, 2010 · 28 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. Investor Presentation – Freeport-Mcmoran Inc. – slide 1
    Richard C. Adkerson President & Chief Executive Officer March 1, 2010 www.fcx.com
  2. Investor Presentation – Freeport-Mcmoran Inc. – slide 2
    Core Assets Long Long-Lived Lived Reserves with Growth Potential Geographically Diverse Operations Financially Strong Flexible Operating Structure Experienced Team Focused Strategy 3
  3. Investor Presentation – Freeport-Mcmoran Inc. – slide 3
    Worlds World s Leading Copper Producers Top 10 Copper Producers (2009E) (000 t) 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 Codelco FCX BHP Billiton Xstrata Rio Tinto Anglo Southern KGHM Polska RAO…
  4. Investor Presentation – Freeport-Mcmoran Inc. – slide 4
    World Class Copper Discoveries Are Extremely Rare R Recoverable bl Copper C R Reserves 2009 Copper 2009e C Production P d ti Million metric tons 0 5 10 15 20 25 Thousands metric tons 0 200 400 600 800 1,0 0 0 Grasberg g…
  5. Investor Presentation – Freeport-Mcmoran Inc. – slide 5
    Geographically Diverse Major Mine Operations & Development Projects All major assets majority-controlled majority controlled and operated North America1 Copper Reserves Copper/Gold/Silver Cu 27.7 billion lbs Mo 2.1 billion lbs…
  6. Investor Presentation – Freeport-Mcmoran Inc. – slide 6
    2009 Highlights Successful Execution of Revised Operating p g Plans Strong Operating & Financial Performance Strengthened Balance Sheet q y Position Enhanced Financial and Liquidity Successful Start-up of Tenke Operations…
  7. Investor Presentation – Freeport-Mcmoran Inc. – slide 7
    Strong Operating & Cost Performance 2009 Strong Volumes Actual 2009 sales volumes higher and unit costs lower Access to High-Grade than January estimates* Section of the Grasberg Open Pit Cu +5% (211 mm lbs) Solid Results in the…
  8. Investor Presentation – Freeport-Mcmoran Inc. – slide 8
    4Q09 & 2009 Highlights Sales Data 4Q09 2009 Copper Consolidated Volumes (mm lbs) 989 4,111 Average Realization (per lb) 3.20 2.60 Site Production & Delivery Unit Costs (1) (per lb) 1.25 1.12 Unit Net Cash Costs (1) (per lb) 0.62…
  9. Investor Presentation – Freeport-Mcmoran Inc. – slide 9
    Preliminary Reserves at 12/31/09 C Consolidated lid t d P Proven & P Probable b bl RReserves 12/31/09 Copper Molybdenum Gold billion lbs billion lbs million ozs Copper Reserves by Geographical Region Reserves 12/31/08 102.0…
  10. Investor Presentation – Freeport-Mcmoran Inc. – slide 10
    Core Assets Preliminary Consolidated Copper Reserves 104 billion lbs of Copper Reserves at 12/31/09 +6 3 billion +6.3 billi lbs lb off nett additions dditi North 27.7 America Reserves: 27.7 Additions: 0.6 Additions at Morenci…
  11. Investor Presentation – Freeport-Mcmoran Inc. – slide 11
    Copper Reserves & Mineralized Material Preliminary P li i Estimates E ti t as off 12/31/09 122 104 at 1.60 at 2.00 copper price copper price Reserves (a) Mineralized Material (b) (billion lbs of (billion lbs of contained…
  12. Investor Presentation – Freeport-Mcmoran Inc. – slide 12
    Markets 2,000 400 1,750 350 1,500 300 s Metric Tons Cents Per Po LME Copper Price 250 1,250 1,000 200 750 150 ound 000s 500 100 250 50 LME & COMEX Exchange Stocks* 0 0 Jan-99 Jul-99 Jan-00 Jul-00 Jan-01…
  13. Investor Presentation – Freeport-Mcmoran Inc. – slide 13
    2010 Outlook Sales Outlook: Copper: 3.8 3 8 Billion lbs. lbs Gold: 1.8 Million ozs. Molybdenum: 60 Million lbs. Unit Net Cash Cost (1): 86/lb Operating Cash Flows (2): 5.3 5 3 Billion, Billion net of 0 0.4 4 Billion in W/C…
  14. Investor Presentation – Freeport-Mcmoran Inc. – slide 14
    Development Projects Update Morenci Concentrator North America Miami Mine Restart Morenci Mill Restart South America El Abra b a Sulfolix Su o Cerro Verde Expansion Cerro Verde Concentrator Indonesia Underground Development…
  15. Investor Presentation – Freeport-Mcmoran Inc. – slide 15
    Tenke Fungurume Construction activities complete p SAG Mill Achieved design production rates on Cu; start-up issues on Co circuit continue to be addressed At full rates (initial phase), aggregate annual metal of 250MM lbs Cu & 18MM lbs…
  16. Investor Presentation – Freeport-Mcmoran Inc. – slide 16
    Core Assets Exploration Targets in Major Mineral Districts Safford/Lone Star/Morenci District South Cerro Verde America North 21% Exploration America Tenke Fungurume/Africa in 2010e 30% Af i Africa 100 million 19% 5%…
  17. Investor Presentation – Freeport-Mcmoran Inc. – slide 17
    Sales Profile 2007 - 2011e Gold Sales (million ozs) Copper Sales (billion lbs) 3 2.6 2.3 5 1.9 2 1.8 1.3 4.1 4.1 1 3.9 4 3.8 3.8 0 2007 2008 2009 2010e 2011e Pro Forma* 3 ____________________ Note: Consolidated gold sales…
  18. Investor Presentation – Freeport-Mcmoran Inc. – slide 18
    2010e Quarterly Payable Metal Sales Gold Sales (thousand ozs) Copper Sales (million lbs) 1,250 800 675 1,090 600 490 385 400 1,000 960 280 890 200 860 0 1Q10e 2Q10e 3Q10e 4Q10e 750 ____________________ N t C Note:…
  19. Investor Presentation – Freeport-Mcmoran Inc. – slide 19
    2009 and 2010e Sales by Region 2009 Sales by Region (1) North America South America Indonesia 1,394 1,400 1,187 2.5 58 Au Cu Mo Cu mm ozs 0.1 Cu Au mm lbs mm lbs mm lbs mm lbs mm ozs 2009 2009 2009 2009e 2009 2009 2010e…
  20. Investor Presentation – Freeport-Mcmoran Inc. – slide 20
    2009 and 2010e Unit Production Costs by Region 2009 North South (3) (per pound of copper) America America Indonesia Consolidated Unit Cash Costs Site Production & Delivery (1) 1.25 1.08 1.05 1.12 By-product Credits (0.23) (0.11)…
  21. Investor Presentation – Freeport-Mcmoran Inc. – slide 21
    Reconciliation of Unit Cash Costs Consolidated (excluding Tenke) per lb of copper 2009 55 Grasberg, primarily lower volumes (a) 27 North America (b) 2 S th America South A i (c) 2 Total 31 2010e 86 (a) lower projected sales…
  22. Investor Presentation – Freeport-Mcmoran Inc. – slide 22
    EBITDA and Cash Flow at Various Copper Prices 2010e/2011e Average EBITDA (1,000 ( , Gold & 10 Molybdenum) y ) 10 (US billions) 8 6 4 2 0 Cu 2.50/lb Cu 3.00/lb Cu 3.50/lb 2010e/2011e / Average Operating i Cash h Flow l…
  23. Investor Presentation – Freeport-Mcmoran Inc. – slide 23
    Sensitivities Operating Change EBITDA Cash Flow (US millions) Copper: pp -/+ / 0.10/lb / 375 260 Molybdenum: -/+ 1.00/lb 55 45 Gold: -/+ /+ 50/ounce 90 50 Diesel (1): -/+ 10% 45 30 Purchased Power (2): -/+ 10% 40 25…
  24. Investor Presentation – Freeport-Mcmoran Inc. – slide 24
    Capital Expenditures (1) Major Projects All Other (US billions) 3.0 2.7 2.5 1.1 2.0 1.7 1.6 1.5 1.3 0.6 0.9 1.0 16 1.6 0.8 (2) 0.5 1.0 0.8 (3) 0.5 (3) 0.0 2008 2009 2010e 2011e (1) Capital expenditure estimates will…
  25. Investor Presentation – Freeport-Mcmoran Inc. – slide 25
    Balance Sheet (US billions) Significant Liquidity 20 (1) 17.6 Strong Credit Metrics 15 No Near-term Maturities otal Debt 10 7 4 7.4 To 6.3 5 0 At Time of PD Acquisition 12/31/08 12/31/09 in March 2007 Cash 3.4…
  26. Investor Presentation – Freeport-Mcmoran Inc. – slide 26
    FCX Debt Maturities 12/31/09 6,000 (US millions) Total Debt & Cash at 12/31/09 5,000 (US billions) Public Debt 6.2 Other Debt 0.1 0 1 4,000 3,922 Total Debt 6.3 Consolidated Cash 2.7 8.375% Senior Notes 3,000 , and PD…
  27. Investor Presentation – Freeport-Mcmoran Inc. – slide 27
    Financial Policy Maintain Strong Balance Sheet & Liquidity Position Aggressive Cost Management Invest in Attractive Growth Projects as Economic Conditions Warrant Opportunistic Debt Repayment Board Action to Reinstate Common…
  28. Investor Presentation – Freeport-Mcmoran Inc. – slide 28
    FCX Investment Summary World Worlds s Premier Publicly Traded Copper Company World Worlds s Largest Molybdenum Producer & Significant Gold Producer Long Long-lived lived Reserves, Geographically Diverse Operations…

From the store

Browse maps, data & reports in the Shale Experts store