Anglogold Ashanti Plc · NYSE:AU
Anglogold Ashanti — Investor Presentation (August 2004)
14 slides from Anglogold Ashanti's investor presentation, August 2004
Slide 1: South America Region
8/27/2004 South America Region August 2004 1 AngloGold Ashanti Brasil Global Operations Map 1
Slide 2: Introduction Overview and Fact Sheet
8/27/2004 South America Region Introduction Overview Corporate Office Venezuela Colombia Nova Lima, Brazil Ecuador PERU BRAZIL Exploration Office / Activities Serra Grande Lima Brazil Exploration office AngloGold Nova Lima Peru Ashanti Exploration office Brasil Sao Paulo Argentina Colombia G EN TIN
Slide 3: Regional Contribution: Production and Operating Profit
8/27/2004 Regional Contribution Production 8% 7% 7% 9% 9% 9% 6% 5% 7% 52% 59% 17% 61% 17% 27% 2003 1q 2004 2q 2004 1 Cash Operating Profit 7% 8% 12% 16% 12% 39% 18% 48% 6% 51% 7% 7% 23% 22% 24% 2003 1q 2004 2q 2004 5 1 Adjusted operating profit plus amortisation of mining assets less non-cash revenu
Slide 4: Cash Cost per Region; Management Organisational Chart
8/27/2004 Cash Cost per Region 350 300 250 US$/oz 200 150 100 50 0 South Africa East and North America South Australia West Africa America Actual 2003 Actual 2004 1Q Actual 2004 2Q 7 South America Region Management Organisational Chart CEO Roberto Carvalho Silva 2210 Public Relations 5 Environment 6
Slide 5: Highlights
8/27/2004 South America Region Highlights AngloGold Serra Cerro South Ashanti Grande Vanguardia America Brasil Production - Attributable 2003 228 95 209 532 (000's ozs) 2004* 117 46 82 245 Cash Cost 2003 141 109 143 147 (US$ / Oz) 2004* 133 127 186 159 Cash operating profit ** 2003 49 24 47 120 (Att
Slide 6: Cerro Vanguardia Cash Margins
8/27/2004 Cerro Vanguardia • Multi-open pit operation • Four Stars of Integrated System & Surveillance ISO 14001 • Joint Venture: ! 92.5% AngloGold Ashanti ! 7.5% Fomicruz, Santa Cruz Province • Actual Mine life of 9 years 11 Performance Cash Margins Cerro Vanguardia Cash Margins (US$/Oz) 400 350 30
Slide 7: Cerro Vanguardia Financial Highlights; Serra Grande
8/27/2004 Cerro Vanguardia Financial Highlights - Attributable 1st Half 2001 2002 2003 2004 LTIFR 7,54 3,72 7,95 8,73 Safety FIFR - 0,93 - - Production - (000's ozs) 136 179 209 82 Cash Cost - (US$ / Oz) 133 104 143 186 Cash operating profit* 26 44 47 18 (US$ Million) Adjusted operating profit** 14
Slide 8: Serra Grande Cash Margins and Financial Highlights
8/27/2004 Performance Cash Margins Serra Grande Cash Margins (US$/Oz) 400 350 300 250 266 248 213 197 216 234 200 172 150 100 117 112 107 109 130 125 50 100 0 1999 2000 2001 2002 2003 1QTR 2QTR Serra Grande Cash Margins (US$/Oz) 04 04 400 Cash Costs 350 SIB Capex Cash Margin 300 217 (Achieved prices
Slide 9: AngloGold Ashanti Brasil Cash Margins
8/27/2004 AngloGold Ashanti Brasil (Formerly Morro Velho) • 100% owned by AngloGold Ashanti • NOSA Integrated 4 stars system • Two mines in operation: Cuiabá (Underground Mine) and Córrego do Sítio (Open Pit Mine) • Two plants in operation: Queiroz Plant and Córrego do Sítio Heap Leaching Plant • Cu
Slide 10: AngloGold Ashanti Brasil Financial Highlights; Political Aspects Brazil
8/27/2004 AngloGold Ashanti Brasil Financial Highlights - Attributable 1st Half 2001 2002 2003 2004 LTIFR 9,07 5,73 4,04 1,61 Safety FIFR 0,58 - 0,20 - Production - (000's ozs) 209 205 228 117 Cash Cost - (US$ / Oz) 127 131 141 133 Cash operating profit* 40 41 49 28 (US$ Million) Adjusted operating
Slide 11: Political Aspects Argentina; Economic Scenario
8/27/2004 Political Aspects ARGENTINA • President Kirchner’s popularity at 70% • In June industrial activity increased 12% y/y • Local investment increased 51% with a private internal consumption increased of 12% (y/y) • Tax collection up 33.8% last July (y/y). Thus, next September would be outperfo
Slide 12: Taxes Brazil
8/27/2004 TAXES Brazil Brazilian tributary system affects Mining Activity as well as other economic activities. Besides normal taxation some specific fees during research period, finance compensation for mineral resource exploration (CFEM), and the landowner participation has to be considered. SU M
Slide 13: Taxes Argentina
8/27/2004 TAXES Argentina SUMMARY TABLE TRIBUTE CLASSIFICATION ALIQUOT CALCULATION NATURE COLLECTED General CVSA BASIS Income Tax Tax National 35% 30% Net Tax Earnings Withholding tax Tax Retention National 4.5 a 31.5% External Payments Presumed Minimum Profit Tax National 1% 0% Assets Dividends Dis
Slide 14: Marketing Initiatives
8/27/2004 Marketing Initiatives ● AngloGold Ashanti initiative to promote the use of Gold ● Working on a programme to develop a marketing plan ● Currently AngloGold Ashanti is carrying out the second edition of the Designer Forum 27 Except for the historical information contained in the presentation
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