Skip to main content 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. Investor Presentation | Shale Experts
Loading...
Pm

2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc.

Freeport-Mcmoran Inc. · Jul 25, 2007 · 35 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. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 1
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. 2nd Quarter 2007 Earnings Conference Call James R. Moffett Richard C. Adkerson Chairman of the Board Chief Executive Officer Timothy R. Snider…
  2. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 2
    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…
  3. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 3
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Preliminary Purchase Accounting Allocation (1) ( in billions) Step-up in Assets Breakdown Historical Book Value 8.2 Step-up in Assets 16.1…
  4. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 4
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. 2Q07 Operating Highlights Operating Data 2Q06 Pro Forma 2Q07 Copper Consolidated Volumes (mm lbs) (1) 843 1,010 Average Realization (per lb) (2) 2.44…
  5. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 5
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. 2Q07 Unit Production Costs (per pound of copper) North South America America Indonesia Consolidated Cash Unit Costs Site Production & Delivery…
  6. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 6
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Markets Overview 2,000 400 1,750 350 Cents Per Pound 1,500 300 000s Metric Tons 1,250 250 1,000 LME Copper Price 200 750 150 500…
  7. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 7
    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…
  8. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 8
    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…
  9. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 9
    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…
  10. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 10
    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…
  11. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 11
    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…
  12. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 12
    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…
  13. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 13
    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)…
  14. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 14
    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…
  15. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 15
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Exploration Drives the Mine Plan Aggregate 2007e Exploration: 125 million North America South America Lone Star & Morenci 12% 35% Africa Tenke…
  16. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 16
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Sales Profile 2007e - 2009e Gold Sales (million ozs) Copper Sales (billion lbs) 3 2.1 5 1.9 1.9 2 1.7 4.4 4.4 1 4 3.9 3.6 0 2006 2007E 2008E…
  17. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 17
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. 2007 Quarterly Payable Metal Sales Gold Sales (thousand ozs) Copper Sales (million lbs) 1,200 978 913 1,200 900 1,026 1,010 600 925 300 900 125…
  18. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 18
    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…
  19. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 19
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. EBITDA and Cash Flow at Various Copper Prices Average Annual EBITDA 2007-2009 (500 Gold & 15 Molybdenum) 12 (US billions) 10 8 6 4 2 0 Cu…
  20. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 20
    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…
  21. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 21
    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…
  22. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 22
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Debt Maturities Pro Forma 6/30/07* 8,000 (US millions) 7,000 6,497 6,000 5,000 New 4,000 Senior Notes and 3,000 PD Senior Notes 2,000…
  23. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 23
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Significant Debt Reduction Year-End Net Debt at Varying Copper Prices (US billions) 8.9 Model Results Assuming Excess 9 Cash Flows Applied to Debt…
  24. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 24
    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…
  25. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 25
    FREEPORT-M FREEPORT-M FREEPORT-MC FREEPORT-MCCM M MO CM OR OR O R RAN AN COPPER COPPER & COPPER AN COPPER AN & GOLD & & GOLD INC. GOLD GOLD INC. INC. INC. Reference Slides 26
  26. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 26
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Grasberg Open Pit July 2007 9N 8N 8E 6N 7S 8S N 27
  27. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 27
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. PT-FI Mine Plan PT-FIs Share of Metal Sales, 2007e-2011e Copper, billion lbs Gold, million ozs 2007e 2011e PT-FI Share 2007e 2011e PT-FI Share Total:…
  28. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 28
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Mining Sequence in 2007 Copper Equivalent Cross Section A B Following a mine-out of the high-grade section of 6N in 1H07, 7S is the Primary Ore…
  29. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 29
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Mining Sequence in 2007 Copper Equivalent Cross Section A B Following a mine-out of the high-grade section of 6N in 1H07, 7S is the Primary Ore…
  30. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 30
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Mining Sequence in 2007 Copper Equivalent Cross Section A B Following a mine-out of 6N in 1H07, 7S is the Primary Ore Pushback in 2007 8E 7S End…
  31. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 31
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Mining Sequence in 2007 Copper Equivalent Cross Section A B Following a mine-out of 6N in 1H07, 7S is the Primary Ore Pushback in 2007 8E 7S End…
  32. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 32
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Mining Sequence in 2008 Copper Equivalent Cross Section A B 7S is the Primary Ore Pushback in 2008 8E 7S End 2007 Grasberg Plan View B…
  33. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 33
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Mining Sequence in 2009 Copper Equivalent Cross Section A B 7S and 8E are the Primary Ore Pushbacks in 2009 8E End Grasberg Plan View 2008 B…
  34. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 34
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Mining Sequence in 2010 Copper Equivalent Cross Section A B 8E is the Primary Ore Pushback in 2010 9N End 2009 8E Grasberg Plan View B…
  35. 2nd Quarter 2007 Earnings Conference Call – Freeport-Mcmoran Inc. – slide 35
    FREEPORT-M FREEPORT-MCCM MOOR AN COPPER RAN COPPER & & GOLD GOLD INC. INC. Mining Sequence in 2011 Copper Equivalent Cross Section A B 8E and 9N are the Primary Ore Pushbacks in 2011 9N* Grasberg Plan View End 2010 B…

From the store

Browse maps, data & reports in the Shale Experts store