Slide 1: Fourth Quarter & Full Year 2012
Fourth Quarter & Full Year 2012 March 6th , 2013 asdfasdf
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION OVERVIEW OF RESULTS – Q4 2012 Both these slides and the accompanying oral presentation contain certain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The forward looking statements include estimates, forecasts
Slide 3: Q4 2012 Highlights
Q4 2012 HIGHLIGHTS OVERVIEW OF RESULTS – Q4 2012 Operating profit up 79% against Q4 2011 Revenue $775 million (up 37%) Copper production 84.9k tonnes (up 26% vs 2011) Nickel production 10.1k tonnes including 1.9k tonnes from Kevitsa Gold production 64.4k ounces (up 48% vs 2011) C1 copper $
Slide 4: Full Year 2012 Highlights
FULL YEAR 2012 HIGHLIGHTS OVERVIEW OF RESULTS – Q4 2012 Strong production against 2011 Revenue $2,950 million (up 14%) Copper production 307.1k tonnes (up 16% vs 2011) Nickel production 36.8k tonnes including 3.9k tonnes from Kevitsa Gold production 201.9k ounces (up 15% vs 2011) C1 Copper
Slide 5: Production
PRODUCTION OVERVIEW OF RESULTS – Q4 2012 Q4 2012 Q4 2011 Q3 2012 FY 2012 FY 2011 Copper (‘000 tonnes) 84.9 67.3 84.1 307.1 265.6 Nickel (‘000 tonnes) 10.1 5.7 9.9 36.8 5.7 Gold (‘000 ounces) 64.4 43.5 50.8 201.9 175.2 Sulphide and mixed circuit copper production at Kansanshi similar to Q3 2012. Ox
Slide 6: Financial Overview
FINANCIAL OVERVIEW OVERVIEW OF RESULTS – Q4 2012 $ millions Q4 2012 Q4 2011 Q3 2012 FY 2012 FY 2011 Revenue 775 567 725 2,950 2,584 Gross Profit 295 183 261 1,101 1,308 Operating Profit 256 143 231 2,189 1,120 (1) Comparative EBITDA 310 183 276 1,143 1,284 Comparative Earnings(1) 187 79 107 555 581
Slide 7: Operating Profit – Q4 2012 vs Q4 2011
OPERATING PROFIT – Q4 2012 VS Q4 2011 OVERVIEW OF RESULTS – Q4 2012 Higher Copper prices (Q4 2012 LME average $3.59/lb Kansanshi costs relatively stable between Price vs Q4 2011 $3.40/lb) combined with marginally Other Cash quarters. Favourable processing costs at Guelb higher Gold prices. Costs Mog
Slide 8: C1 Costs
C1 COSTS OVERVIEW OF RESULTS – Q4 2012 Group Copper C1 within market guidance $/lb Q4 2012 Q4 2011 Q3 2012 FY 2012 FY 2011 Group 1.42 1.53 1.44 1.49 1.41 Kansanshi 1.45 1.52 1.46 1.49 1.41 Guelb Moghrein 1.13 1.63 1.43 1.48 1.46 Kevitsa 1.75 N/A 0.11 1.28 N/A Kansanshi lower than Q4 2011 due to lowe
Slide 9: Quarterly Net Cash Flow Movement
QUARTERLY NET CASH FLOW MOVEMENT OVERVIEW OF RESULTS – Q4 2012 $m Opening Net Cash at start of Quarter 320 EBITDA 310 Working Capital Movements (164) Tax paid (85) Capital Expenditure (420) Dividends (23) Acquisitions & Investments (29) Other 3 Net Cash Movement (408) Closing Net Debt at end of Quar
Slide 10: Market Guidance
MARKET GUIDANCE OVERVIEW OF RESULTS – Q4 2012 Delivered on market guidance in 2012 FY 2012 Q1 release Group Copper C1 ($/lb) 1.49 1.55 Ravensthorpe Nickel C1 ($/lb) 5.97 6.60 – 6.80 Copper Production (‘000 tonnes) 307 270 – 290 Nickel Production (‘000 tonnes) 37 36 – 40 Gold Production (‘000 ounces)