Bhp Group Ltd · ASX:BHP
Bhp — BHP Billiton — H1 FY2011 Earnings Presentation
31 slides from Bhp's earnings presentation, Feb 16, 2011
Slide 1: Form 6-K Report of Foreign Private Issuer
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 February 16, 2011 BHP BILLITON LIMITED BHP BILLITON PLC (ABN 49 004 028 077) (REG. NO. 3196209) (Exact name of
Slide 2: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BHP Billiton Limited and BHP Billiton Plc Date: February 16, 2011 By: /s/ Jane McAloon Name: Jane McAlo
Slide 3: Interim results for the half year ended 31 December 2010
Interim BMA 31 Marius Alex 16 resourcing bhpbilliton December February Vanselow Kloppers results the 2011 2010 future Chief ChiefFinancial ExecutiveOfficer Officer
Slide 4: Disclaimer
resourcing bhpbilliton Disclaimer Reliance The accuracy, Forward Billiton. our of Securities Mineral This under the Measured, No Nothing Non-GAAP BHP EBIT Interim Slide our information required Offer control, views presentation Billiton 2is the annual Results, contained Resources in These Looking on
Slide 5: Marius Kloppers, Chief Executive Officer
Interim 31 Marius resourcing bhpbilliton December Kloppers results the2010 future Chief Executive Officer
Slide 6: Record interim results
Record resourcing bhpbilliton — Interim Slide Attributable Underlying Net Earnings Interim Expanded 4 operating interim Results, dividend the per share future EBITDA EBIT financial profit share 16 cash buy-back February ofof (excluding (excluding flow 46 US$14.8 of results USUS$17.3 of2011 program c
Slide 7: Operating review
Operating resourcing bhpbilliton – — Interim Slide WA First Ongoing Record Improvement Strong Impacted 5Iron production Results, milling manganese operating review Ore the ramp byfuture ramping significant 16 up in rates from February safety at performance ore Alumar atMAC20 up production Olympic we
Slide 8: Alex Vanselow, Chief Financial Officer
Interim Worsley 31 Alex resourcing bhpbilliton December Vanselow results the2010 future Chief Financial Officer
Slide 9: Underlying EBIT analysis
Underlying Half resourcing bhpbilliton (US$ Net 14.8 (0.6) (0.2) 0.6 15.6 (0.3) (1.1) 8.5 0.0 5.0 10.0 15.0 20.0 Controllable Uncontrollable New Sub-total Inflation Exchange Price¹ H1 Other Costs² Volume 1 2 Interim Slide Including Excluding FY10 FY11 US$0.4 year operations 7billion) Results, ended
Slide 10: Strong volume growth
Strong resourcing bhpbilliton Volume (US$ US$372 600 4 6 (39) (464) Energy Other D&SP Petroleum 587 138 99 Iron Base New Note: Interim Slide 5 300 Ore operations Metals 8million) Volume volumes Coal Results, variance 0million (300) the variance future offset 16 (600) February by calculated the 2011
Slide 11: Industry-wide cost pressures
Industry resourcing bhpbilliton Cash ((US$ 0 Labour (49) (89) (143) (240) (300) (200) Raw 1 Other Maintenance Interim Slide 100) Excluding materials cost 9million) & Results, wide variance1 contractors the non-cash cost future 16pressures February cost variance present 2011 of anUS$(92) increasing m
Slide 12: Foreign exchange and hidden costs
A200) resourcing bhpbilliton Foreign ((US$ 0 200 400 Iron 301 1,044 (743) (164) (34) (40) (83) (94) (115) (213) (800) (600) (400) Metallurgical Base Energy Stainless Other Aluminium Interest EBIT Attributable 1 Interim Slide Includes weaker Ore Metals 10 million) and Coal Results, and exchange Steel
Slide 13: Uniquely diversified portfolio
AExcludes resourcing bhpbilliton M 0 5 10 15 Ferrous Non Underlying (H1 Metallurgical Iron Manganese Base D&SP SSM Energy Aluminium 1 59% 14% 1% 52% 33% 19% 62% 36% 37% Petroleum Interim Slide etallurgical uniquely FY11, Ore Ferrous Metals D&SP 11Coal (21.0%) Results, (51.2%) the US$ %) third divers
Slide 14: EBIT margin by customer sector group
The resourcing bhpbilliton EBIT P 0 25 50 75 (%) Base Aluminium Iron SSM D&SP Metallurgical Manganese Energy FY022 Total 1 trading 2 Interim Slide etroleum Calculated Negative power Ore Metals 12 margin1 FY03 activities. Coal Results, the of margins on FY04 Coal our future the 16The diversified Febr
Slide 15: Strong operating cash flow and balance sheet
Strong resourcing bhpbilliton (US$ H 10 FY02 H1 Balance Net F 0 20 40 Note: which Interim Slide Y02 2 gearing operating 13 billion) Calculated FY03 has cash Results, sheet not the (%) flow FY04 cash been future 16 on +FY05 flow aFebruary capitalised the strong basis FY06 balance 2011 ofhas FY07 UKGA
Slide 16: Industry-leading shareholder returns
Industry resourcing bhpbilliton Cash H 4 6 CAGR H1 FY02 1 Five ((US$ 0 10 20 30 40 BHP (3.8) (2.6) 2.8 16.7 29.3 2 Source: Interim Slide 10) 2Net H2 year Peer FY11 dividends1 14 billion) capital FY03 23% Results, Annual leading net 1the payment Peer FY04 returned capital future reports, 16 sharehold
Slide 17: Marius Kloppers, Chief Executive Officer
Olympic Interim 31 Marius resourcing bhpbilliton December Kloppers results Dam the2010 future Chief Executive Officer
Slide 18: Improving economic outlook
Improving resourcing bhpbilliton – — 65 (PMI) Manufacturing China Dec Source: Interim Slide Sovereign Policy Strong Increasingly However, Supply 5507 16 45 India Dec Results, Markit responses 35 emerging side the near Japan 08 25 debt economic future constraints Dec PMI. term positive 16 issues US t
Slide 19: Our business model delivers strong margins and returns
Our40business Underlying BHP Return 50 (%) FY06 Peer Note: Source: Interim Slide group Billiton 17 Peer 30 FY07 on Results, Annual 20capital group EBIT 10 FY08 model 0Reports, 16includes margin FY09 February delivers interim FY10 Riostrong 2011 Tinto, H1 press FY11 margins Vale, releases Anglo andan
Slide 20: Significant pipeline of future growth options
Significant resourcing bhpbilliton (US$ 90 Strong Manganese Future Note: Interim Slide 60 18 billion) Excluding 30 Options pipeline Results, 0 the capital SSMfuture Pre-Feasibility of 16 sustaining Energy investment expenditure February Coal capital 2011 Aluminium Feasibility to underpin expenditure
Slide 21: A simple business model built on Tier 1 assets
A simple resourcing bhpbilliton 40+ 50+ 100+ Mineral has factors Interim Slide been years 19 years have Results, Resources used business Saskatchewan Escondida Pilbara Bowen the Olympic been to future 16 estimate used Iron Basin model are February Dam Copper Ore stated for Metallurgical Potash built
Slide 22: Well positioned for superior returns
Well resourcing bhpbilliton — BHP (Ltd 3 42% 0% 100% 200% 1,200% 1 Interim Slide years¹ Period A Investment Returning Our 60% record positioned Billiton 20tier strategy Results, 5ended and years¹ the 1set portfolio weighted cash Plc future in31 of has for 16 10 organic 40%) financial December toFebr
Slide 23: Resourcing the future
resourcing the future bhpbilliton
Slide 24: Appendix
resourcing the future bhpbilliton Appendix
Slide 25: Impact of major commodity price movements
Impact Half resourcing bhpbilliton Total (US$ 4 0 1,000 2,000 3,000 4,000 5,000 Iron 158 197 244 286 318 526 1,147 1,379 1 Interim Slide ,276 Including Ore year price 23 million) of Results, Base ended major the variance1 theMetals future negative December 16 commodity February Metallurgical impact
Slide 26: Operating cost change rate
Rate resourcing bhpbilliton Operating Excluding Total (6.0) (2.0) 2.0 6.0 10.0 14.0 (%) 1 1H11 2H10 1H10 2H09 1H09 2H08 1H08 3.4 4.0 2.7 5.5 (4.1) (5.2) 4.1 3.5 10.5 12.2 6.1 7.3 1.7 2.2 Interim Slide Excluding of 24cost Results, cost non-cash the change thefuture movement impact 16 February of rela
Slide 27: Summary of key tax components
Summary resourcing bhpbilliton Restatement Current Deferred Other Total Interim Slide (1,127) 25 Items Results, Tax Tax of the (2) Payable of key (306) Balances future December (20) 16 FXFebruary 391 components on152 Timing Fixed US$ 2010 2011 Debt Expense Assets in Differences tax 316(1,750) expens
Slide 28: Capital and exploration expenditure
Capital resourcing bhpbilliton US$ Growth Sustaining Total (US$ 18 Exploration Note: Interim Slide 12billion 3.1 26 billion) Calculated 6 and Results, 01.9 3.0 the and 2.0 exploration FY02 0.4 Sustaining 3.1 future Other 1.7 0.3 16 4.4 on FY03 2.6 February 0.5 the 6.9 0.8 4.0 capex 0.5 expenditure b
Slide 29: Future growth options
Maintenance resourcing bhpbilliton Future Illawarra Thebe Browse Yeelirrie West DRC Atlantis Knotty Wards Caroona Blackwater RBM Queensland IndoMet Nimba Mt Resolution Peak Saraji Scarborough Oxide Spence Mad Boffa/ Expansion Goonyella Olympic Caval Feasibility CMSA Samarco Escondida Gabon Guinea HP
Slide 30: Debt maturity profile
Maturity resourcing bhpbilliton Debt (US$ 3,000 2001 % US$ Euro CP Jointly Subsidiaries4 Capital Bank Asset 1 2 3 4 Interim Slide All Based Jointly Subsidiary ofIssuance Bonds Portfolio Bonds balances1 debt 2012 28 Debt Supported million2) Financing 2,000 Controlled Markets Results, on Controlled pr
Slide 31: Key sensitivities
Key resourcing bhpbilliton Approximate US$1/bbl US$1/t US¢1/lb AUD RAND 1 2 Interim Slide Assumes Impact net 29 (US¢1/A$) (0.2 on Results, profit on based on iron metallurgical energy the total aluminium copper nickel Rand/US$) oil impact1 sensitivities future ore on volumes 16 price operations2 coa