Toho Zinc Co., Ltd. · TSE:5707
Toho Zinc — FY2007 Earnings Presentation
28 slides from Toho Zinc's earnings presentation, May 15, 2008
Slide 1: Toho Zinc Co., Ltd. Results Briefing
2008 3 ’07 19 P 2 P 10 ’08 20 P 11 P 12 P 16 2008 5 15 15 TOHO ZINC CO., LTD. 1
Slide 2: ’07 P P P P P P P
’07 P 3 P 4 P 5 P 6 P 7 8 P 9 P 10 2
Slide 3: 1,170.00 1,473.90 126.0 115.3 160.00 172.80 108.0 88.8 0 163.00 172.50 105.8 0 96.0
1,170.00 1,473.90 126.0 0 115.3 0 160.00 172.80 108.0 0 88.8 0 163.00 172.50 105.8 0 96.0 0 95.00 99.50 104.7 0 98.6 0 3
Slide 4: 97,6230 113,7290 16,1060 116.5%0 10,8430 10,9010 100.5%0 9,4810 12,2860 2,8050 129.6%0 9,9280 10,4720 5440
97,6230 113,7290 16,1060 116.5%0 10,8430 10,9010 570 100.5%0 9,4810 12,2860 2,8050 129.6%0 9,9280 10,4720 5440 105.5%0 127,8760 147,3900 19,5130 115.3%0 16,1490 12,4570 3,6910 77.1%0 5860 1,1260 5400 192.3%0 1,7340 2,3110 5770 133.3%0 1,3970 1,8150 4170 129.9%0 4030 4280 250 0 19,4630 17,2830 2,1800
Slide 5: 127,876 147,390 19,513 19,463 17,283 2,180 1,154 1,470 ,643 1,501 1,142 17,974 17,251 722
127,876 147,390 19,513 19,463 17,283 2,180 1,154 1,470 315 2,643 1,501 1,142 17,974 17,251 722 13 58 44 1,031 766 264 ( 797) ( 270) ( 527) ( 17) ( 486) ( 469) ( 157) ( ) ( 157) ( 8) ( 4) ( 3) ( 51) ( 5) ( 46) 16,957 16,543 414 6,870 6,594 276 10,086 9,949 137 $ 3,579 $ 2,986 461.6 388.2 $ 1,426 $ 2,
Slide 6: 16,957 16,543 2,285 2,660 1,882 6,010 4,128 8,329 ,176 19,506 33 3,853 3,820 220
16,957 16,543 414 2,285 2,660 375 1,882 6,010 4,128 8,329 11,176 19,506 33 3,853 3,820 220 437 216 473 654 180 3,474 10,534 7,059 726 394 332 5,996 10,160 4,163 1,977 2,795 817 21 15 5 1,563 5,168 3,605 2,495 294 2,201 1,338 14 1,353 764 142 621 8,117 8,370 253 2,121 1,789 3,910 713 681 32 8,776 8,7
Slide 7: 72,371 57.5 69,736 55.9 2,634 13,267 14,357 1,090 31,598 20,120 11,478 20,530 26,516 5,986
72,371 57.5 69,736 55.9 2,634 13,267 14,357 1,090 31,598 20,120 11,478 20,530 26,516 5,986 2,667 539 2,128 4,420 8,254 3,834 112 52 60 53,476 42.5 54,914 44.1 1,438 34,045 27.1 34,375 27.6 330 5,512 5,767 255 10,656 10,573 83 16,899 16,947 48 650 763 113 326 324 2 98 0.1 92 0.1 5 98 92 6 19,332 15.3
Slide 8: 57,111 45.4 46,193 37.1 10,918 8,879 8,132 23,919 26,497 2,578 8,000 3,000 5,000 6,600
57,111 45.4 46,193 37.1 10,918 8,879 8,132 747 23,919 26,497 2,578 8,000 3,000 5,000 6,600 1,130 5,470 3,028 3,117 89 290 526 236 6,393 3,790 2,603 20,806 16.5 21,200 17.0 393 8,514 11,618 3,104 3,591 3,393 198 140 166 26 55 57 2 5,785 5,785 0 2,718 177 2,541 77,918 61.9 67,393 54.1 10,524 39,738 31
Slide 9: 5,000 8,000 3,000 13,119 10,833 16,515 21,601 21,601 21,601 34,720 32,434 38,116 39,720 40,434
40 32 27 30 23 23 23 23 23 20 38 28 30 31 10 23 21 14 0 5,000 8,000 3,000 13,119 10,833 16,515 21,601 21,601 21,601 34,720 32,434 38,116 39,720 40,434 41,116 9
Slide 10: ROE
1400 1300 1200 1100 1000 900 1,246.5 1,258.4 800 700 982.8 600 777.6 810.3 500 748.6 572.5 400 479.2 300 280.1 319.2 200 240.1 397.2 404.3 411.1 319.0 257.7 315.2 306.6 100 0 32.1% 33.1% 34.6% 32.5% 38.1% 45.9% '02 '03 '04 '05 '06 '06/03 '07 124,650 57,257 45.9 421.61 125,847 47,928 38.1 352.92 (ROE
Slide 11: ’08 '08 '08 '09 '07 '07 25.4% 28.9% 32.1% 32.4% 57,000 6,700 6,500 3,850
’08 '08 '08 4 1 '09 3 31 '07 '07 25.4% 28.9% 32.1% 32.4% 57,000 6,700 6,500 3,850 21.3% 24.8% 27.5% 28.6% 116,000 13,000 12,500 7,100 $ 2,200 272.0 $ 2,500 305.0 105.0 11
Slide 12: P P
P 13 P 14 16 12
Slide 13: ’06 ’09
’06 4 ’09 3 3 13
Slide 14: LME LME TTM
1 '06 '07 '08 '06 '07 '08 ( 18 ) ( 19 ) ( 20 ) ( 18 ) ( 19 ) ( 20 ) 88,000 85,000 87,000 127,876 145.3% 147,390 173.4% 116,000 133.3% 9,700 9,900 10,200 19,463 200.6% 17,283 174.6% 13,000 127.5% 9,500 9,700 10,000 17,974 189.2% 17,251 177.9% 12,500 125.0% 5,300 5,500 5,600 10,086 190.3% 9,949 180.9%
Slide 15: 1,600 1473.9 1,400 1278.8 1160.0 1,200 1,000 759.2 637.3 578.1 529.5 536.5 559.0 600
1,600 1473.9 1,400 1278.8 1160.0 1,200 1,000 759.2 800 637.3 578.1 529.5 536.5 559.0 600 400 200 0 179.7 172.5 180 160 140 125.0 120 100.9 99.5 100 66.5 71.0 80 60 40.9 34.2 40 26.4 20.1 26.1 21.7 11.0 11.0 12.2 20 2.2 -3.2 0 -20 15
Slide 16: ROE
2 07 100 173 200 238 10 10 10 11.70 ROE 10 18.92 50 45.93 30 32.98 0.60 0.72 150 60 90 16
Slide 17: P P P P P P P
P 18 P 19 P 20 P 21 P 22 P 23 P 24 17
Slide 18: t 12,000 11,000 10,000 9,000 8,000 7,000 6,000 t 9,000 8,000 7,000 6,000 5,000
t 12,000 11,000 10,000 9,000 8,000 7,000 6,000 t 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 18
Slide 19: t t
t 700 650 600 550 500 t 300 250 200 150 100 19
Slide 20: ’02 ’08 ( ) 4400 4400 4000 4000 3600 3600 3200 3200 2800 2800
’02 1 ’08 3 ( ) 4400 4400 4000 4000 3600 3600 3200 3200 2800 2800 2400 2400 2000 2000 1600 1600 1200 1200 ( ) 800 800 400 400 0 0 1 ’02 6 1 ’03 6 1 ’04 6 1 ’05 6 1 ’06 6 1 ’07 6 1’08 2000 (4000 ) 1800 3600 1600 3200 1400 2800 1200 2400 1000 2000 800 1600 600 1200 ( 400 ) 800 200 400 100 0 0 1 ’02 6
Slide 21: '07 559,382t '07 92,618t 6.0% 18.5% 2.6% 1.0% 8.4% 2.4% 37.1% 43.8% 3.8% 12.1%
'07 559,382t '07 92,618t 6.0% 18.5% 2.6% 1.0% 8.4% 2.4% 37.1% 43.8% 3.8% 12.1% 39.2% 25.1% '07 487,578t '07 229,581t 2.7% 0.7% 3.4% 0.9% 1.3% 1.2% 6.3% 4.6% 8.6% 44.9% 13.1% 22.5% 89.9% 21
Slide 22: LME Treatment Charge
LME T C Treatment Charge LME T C 22
Slide 23: t 4 125 100 0 19.6% 19.5% 19.7% 18.4% 20.2% '02 '03 '04 '05
t 700 640 644 644 618 618 600 500 400 300 200 126 126 127 114 125 100 0 19.6% 19.5% 19.7% 18.4% 20.2% '02 '03 '04 '05 '06 t 300 213 227 221 217 218 200 100 90 88 90 89 93 0 42.5% 38.8% 40.9% 41.1% 42.6% '02 '03 '04 '05 '06 23
Slide 24: '02 '03 '04 '05 '06 '07 143,221 130,937 137,565 130,508 147,199 141,970 16,680 16,456
'02 '03 '04 '05 '06 '07 143,221 130,937 137,565 130,508 147,199 141,970 16,680 16,456 19,970 27,489 65,789 53,545 89,493 78,865 82,092 83,126 88,005 95,590 6,785 6,900 9,674 11,418 16,224 32,406 224 280 273 316 328 347 4,111 5,443 6,416 9,058 15,381 18,251 16,987 15,070 16,057 15,790 14,572 15,037 2
Slide 25: Perilya and CBH Resources
Perilya CBH Resources ( ) CBH Resources Limited 2.9 2007 6 269 38 52 26 17 25% ( ) 13 12 13 , Kimberly Metals 28% Perilya Limited 2.0 2007 387 82 92 60 52 24
Slide 26: CBH Perilya CBH
CBH Perilya CBH 20 Perilya 2 2010 12 Perilya CBH 27% PR CBH 16%
Slide 27: Project Locations
Project Locations | (China) c&wapan) @ Evaluation Projects @ Exploration —~ Exports/Concentrates
Slide 28: Operational efficiencies at Broken Hill lease boundaries
Operational efficiencies at Broken Hill—lease boundaries Existing Broken Hill mineral assets of Perilya and CBH affected by lease boundaries Plan view of Broken Hill mineral assets Flying Doctor CBH Leases Perilya Leases Boundary Southern Remnants Extension Operations CBH Resources it Ie perilya