FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Denver Gold Forum Richard C. Adkerson Chief Executive Officer September 26, 2007 www.fcx.com
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. FCX Investment Summary Worlds Premier Publicly Traded Copper Company World Class, Long-lived, Geographically Diverse Operations Attractive…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Geographically Diverse, Long-Lived Asset Base Major Mine Operations & Development Projects All major assets majority-controlled and operated North…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Largest Gold Reserve Grasberg 1.04% 0.90 g/t Cu Au Reserve Grades Complex Complex contains contains the the worlds largest worlds…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Geographically Diverse, Long-Lived Asset Base Pro forma Net Consolidated Interest Reserves 12/31/06 (1) Copper (billion lbs) 93.6 77.2 Molybdenum…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Enhanced Diversification Mining Mining Revenue Revenue by by Commodity Commodity Mining Mining Revenue Revenue by by Geography Geography…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Proven Technical Expertise Copper Copper Production Production by by Method Method FCX is a World Leader Open Pit Mining SX/EW SX/EW…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Strong Financial Profile Capitalization, Net of Cash ( in billions) 36.2 55.9 At Closing of PD Current (2) Acquisition (1) Net Debt Net 7.7…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. 2Q07 Highlights Sales Data 2Q06 2Q07 Copper Consolidated Volumes (mm lbs) 220 1,010 (1) Average Realization (per lb) 3.33 3.33(2) Gold…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Pro Forma Operations Operating Data 2Q06 Pro Forma 2Q07 Copper Consolidated Volumes (mm lbs) (1) 843 1,010 Average Realization (per lb) (2) 2.44 3.33…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Strong Copper Fundamentals 2,000 400 1,750 350 Cents Per Pound 1,500 300 000s Metric Tons 1,250 250 1,000 LME Copper Price 200 750…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Positive Long-term Fundamentals The Combination of Strong Fundamentals Has Created Extremely Attractive Market Conditions for the Copper Industry…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Gold/Molybdenum Markets Overview 800 London Gold Price (/oz) 700 600 500 400 300 200 100 0 Dec-98 Dec-99 Dec-00 Dec-01 Dec-02 Dec-03 Dec-04 Dec-05…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. 2007 Outlook Pro Forma Sales Outlook (1): Copper: 3.9 Billion lbs. Gold: 2.1 Million ozs. Molybdenum: 68 Million lbs. Modeled Operating Cash…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Modeled Year-end Total Debt Aggressive Debt Repayment (US billions) 20 (1) 17.6 15 Total Debt 14.2 Net of Cash 9.8 10 8.2 7.7 5 6.5…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Development Project Update North America Morenci Mill Restart & Morenci Concentrate Leach Plant Concentrate Leach Plant Mill is ramping up and…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Development Project Update South America Cerro Verde Cerro Verde Sulfide Mill Expansion Mill Expansion 900MM project completed in 4Q06 Rates…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Development Project Update Indonesia Underground Mine Development DOZ 50K Expansion DOZ Expansions Second Crusher - Completed 50K Expansion in…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Development Project Update Democratic Republic of Congo Tenke Fungurume Mine Development Final Feasibility Study completed in 4Q06 Construction…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Copper Reserves & Mineralized Material Reserves* Mineralized Material** (billion lbs of recoverable copper) (billion lbs of contained copper)…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Significant Exploration Potential Papua, Indonesia Rights to 2.2 million acres Pacific Ocean Highly prospective exploration areas provide…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Pro Forma 2007e Sales and Unit Production Costs by Region 2007e Pro Forma Sales by Region North America South America Indonesia 1,420 2.0 1,325…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. EBITDA and Cash Flow at Various Copper Prices Average Annual EBITDA 2007e-2009e (500 Gold & 15 Molybdenum) 12 (US billions) 10 8 6 4 2 0…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Sensitivity to Commodity Prices Annual Annual Financial Financial Impact Impact Net Net Operating Operating Change Change EBITDA EBITDA…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Capital Expenditures (US billions) 2.5 Major Projects All Other 2.0 1.8 1.5 1.5 1.0 0.8 1.0 1.0 0.7 0.5 0.8 0.7 0.3 0.0 2007e * 2008e…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Significant Excess Cash Flow Year-End Net Debt at Varying Copper Prices (US billions) 8.9 Model Results Assuming Excess 9 Cash Flows Applied to…
FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Financial Policy FCX is Committed to Maintaining a Strong Financial Position Continuation of Positive Copper Markets is Expected to Provide…
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