Bhp Group Ltd · ASX:BHP
Bhp — BHP Billiton — Bank of America Merrill Lynch 2012 Global Metals, Mining & Steel Conference
21 slides from Bhp's conference presentation, May 16, 2012
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 May 15, 2012 BHP BILLITON LIMITED BHP BILLITON PLC (ABN 49 004 028 077) (REG. NO. 3196209) (Exact name of Regi
Slide 2: Notice to exchanges: 2012 Global Metals, Mining & Steel Conference
BHP Billiton Limited BHP Billiton Plc 180 Lonsdale Street Neathouse Place Melbourne Victoria 3000 Australia London SW1V 1BH UK GPO BOX 86A Tel +44 20 7802 4000 15 May 2012 Melbourne Victoria 3001 Australia Fax + 44 20 7802 4111 Tel +61 1300 55 47 57 Fax +61 3 9609 4372 bhpbilliton.com bhpbilliton.co
Slide 3: A well defined strategy
Shenzi A well defined strategy Marius Kloppers Chief Executive Officer 15 May 2012
Slide 4: Disclaimer
Disclaimer events, production. actions, known contained review which view and Underlying make historical reliance any independently forecast Underlying jurisdiction. expressly decisions cannot and conditions, events, on byfinancial inForward-Looking UK prospects” BHP unknown EBIT Often, this be veri
Slide 5: Disclaimer: Resources
Disclaimer Resources –Saskatchewan Escondida Report www.bhpbilliton.com. Potash: Briefing, required and classification Resource 4,571 5.4 BHP Slide 8.1 fairly Billiton 3@and 100 Jqualifications 0.88% 27 McElroy Indicated reflects are district continued the Escondida September sesource50%and and comp
Slide 6: Agenda
Agenda •The options •Our strong confidence momentum in the outlook we expect for to ourmaintain company in •The our major evolving businesses challenges Bankfacing of America the industry Merrill •Our Lynch value Global focused Metals, strategy Mining •The&significant Steel Conference, flexibility 1
Slide 7: Long term demand drivers remain intact
Long term population people) Metals, Mining Source: drivers Urban& United population Steel of demand Nations Conference, 6remain 60 (Population 60% 15 intact 52% MayUrbanisation Division, 32012 30 34% Slide Department 0 50remains 1950 1960 aof major Economic 1970driver 1980and of1990 demand Social 2
Slide 8: Demand evolves with economic development
Demand Emerging as of Aluminium index Merrill global copper represents Lynch will demand plateau Developed Source: evolve Global the 50 linear World volume with later 200 Metals, fashion economic in consumption Bank; the consumption Mining industrialisation (CY11, Brook development &led %) Steel Hun
Slide 9: The industry faces a different set of challenges
The 9 Bank 150industry of 6 100 America 3faces 50 0Merrill a0 different 2003Lynch 2005setGlobal 2007 of challenges 2008 Metals, 2009China Mining 2010GDP 2011 & Steel growth 2012Conference, 2013 Global 2014 mining 15 2015 May capital 2016 20122017 expenditure1 Slide 2018 7 2019(%2020 YoY)Source: (US$
Slide 10: Iron ore: a window of opportunity
Irontest 1,500 •Scrap we Conference, ore: •This generation the a window economics equates 15 May isof to an 2012 opportunity of aincreasingly 650 our Slide million iron8 ore •We important tonne development expect per Chinese +550mt annum options increase consideration crude 0 2000 steel in global pr
Slide 11: Copper: historical supply and demand
Copper: Historical Supply Hunt – areduction aWood longer Forecast Mackenzie term Effective 1.00supply 25 Company. demand CAGR challenge Underlying 2025 supply Grade Source: reduction decline 3%CRU; CAGRconstrains from Brook 0.80 existing Hunt 20the +15mt –supply operations. a Wood Effective response
Slide 12: A well defined strategy
A well discovery, core CREATION competency defined acquisition, ? Bank strategy andofour development America •Our Long-life strategy Merrill ?and competitive hasLynch marketing remained Global advantage of unchanged Market Metals,Low-cost ?Mining over natural Diversified &?resources •The Steellesson
Slide 13: Simplicity
Simplicity, 2,500 ratio3 2011 LSE capitalisation Metals, constituents; calendar 2,500 Simplicity1 Mining efficiency Note: as year & atRio Steel Note: (Net 31 basis. and March Tinto, operating Conference, Bubble Cash profitability Anglo 2012. margin size cash Capital American 15 represents equals Sou
Slide 14: Fewer, larger, more expandable assets
Fewer Port inventory Olympic Western Debottlenecking dated exploration Mineralisation is more Reserves Resource Mining theDaunia or expected 14 basins, & less Australia February Dam (Proved Management life Steel to Ratio than based yet define Project and is FY20 Conference, 200+ estimated equivalent
Slide 15: Substantial projects framed by our flexibility
Substantial projects framed subject by toNon-ferrous finalisation. our flexibility commitment declines to Excludes sequence to substantially a solid Onshore investments A credit US= development flexibility rating •We have andFerrous progressive 22expenditure. major •Projects projects dividend Bank w
Slide 16: Further portfolio optimisation
Further Cascade/Chinook remain operations Copper Integris optimisation Kendilo Metals Moranbah Ravensthorpe Coalof Coal •We theDMS will Seam portfolio Southern continue Powders Gas•The Wyong Cross to inpursuit review theValesul Fertiliser portfolio of divestment aZululand simple Yabulu Vincent/Van a
Slide 17: Strong momentum in our major businesses
Strong Billiton the BHP excess Steel June Billiton Conference, of momentum share) 2012 200share) thousand quarter March 15inLiquids May major 2012 0 net H12012 barrels FY12¹ 200 businesses rich•Run Slide Eagle FY15e of oil rate 15Western Ford equivalent in •Targeting excess shale Australia 800 of pe
Slide 18: Superior shareholder returns
Superior 30 While constituents; yield 15 •Our Maybased maintaining 2012 total returns onRio shareholder Slide dividends throughout Tinto, a16superior Anglo declared returns the dividend American cycle and in respect dividend •A yield1 and proven of Xstrata. (%) yield the strategy 42011 3are Net 2 1s
Slide 19: A well defined strategy
A wellthe given approvals defined size process and strategy will duration ensure •Weofare we theconfident allocate development capital in theoptions long in a disciplined term we outlook are considering fashion for ourBank company •Theofquality America •Theand industry Merrill diversity Lynch faces
Slide 20: BHP Billiton: resourcing the future
bhpbilliton resourcing the future
Slide 21: 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: May 15, 2012 By: /s/ Jane McAloon Name: Jane McAloon Ti
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