Rio Tinto Plc · LSE:RIO
Rio Tinto — Shareholder Meeting (2001)
33 slides from Rio Tinto's shareholder meeting presentation, 2001
Slide 1: Annual General Meeting
Annual General Meeting
Slide 2: 2000 Highlights
2000 Highlights Earnings up 18% to $1.5 billion Global growth up 4.7% Cost savings $80 million after tax Dividends up 13% at 38.87p per share
Slide 3: 2000 Highlights
2000 Highlights Cash Flow record $3.4 billion Acquisitions $4 billion Capital expenditure $0.8 billion Projects Diavik Escondida Phase 4
Slide 4: Acquisition Strategy
Acquisition Strategy Different products Globally diversified Well known Low risk Adjacent Synergy benefits Existing assets Industry consolidation Additional reserves Future opportunities
Slide 5: Spread of Assets
Spread of Assets Assets at end 2000 - US$16 billion 43% 3% 5% 4% 5% 40%
Slide 6: Annual General Meeting
Annual General Meeting
Slide 7: 100% of Comalco
100% of Comalco • Cashflow • Efficiencies • Opportunities
Slide 8: Expanded iron ore
Expanded iron ore • North Limited – Robe River in WA – IOC in Canada
Slide 9: Hamersley & Robe operations
Hamersley & Robe operations ✁ Dampier Cape Lambert Hamersley Robe Mesa J Brockman Marandoo Yandicoogina Tom Price ✁ ✁ ✁ ✁ ✁ ✁ 50km Paraburdoo West Angelas
Slide 10: Iron Ore Company of Canada
Iron Ore Company of Canada • New product and market • Sept Iles refurbishment • Labrador Fund bid
Slide 11: Increased diamonds presence
Increased diamonds presence • Ashton acquired • Argyle marketing success • Diavik in construction
Slide 12: Hunter Valley, New South Wales
Hunter Valley, New South Wales Mount Pleasant Coal & Allied Lemington Peabody Towns Rail Hunter Valley Operations 10km Mount Thorley
Slide 13: Lost time injuries down 38%
Lost time injuries down 38% LTI* 1,200 1,000 12 month rolling average 800 600 400 200 0 1998 1999 2000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2000 * LTI = Lost Time Injuries
Slide 14: Significant copper developments
Significant copper developments • Palabora underground • Northparkes extension • $1bn Escondida Phase 4
Slide 15: Production growth of 6%
Production growth of 6% Index (1990 = 100) 200 180 160 140 120 100 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
Slide 16: Production growth up 22% in full year
Production growth up 22% in full year Index (1990 = 100) 200 180 160 140 120 100 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
Slide 17: Annual General Meeting
Annual General Meeting
Slide 18: Global Mining Initiative
Global Mining Initiative Broad industry and non-industry sponsorship Industry Industry engagement association Sustainable management development project
Slide 19: Outlook
Outlook • Metal prices subdued • Better outlook for iron ore and coal • Stocks levels low • Increasing importance of China • Little spare/new capacity • Rio Tinto well positioned
Slide 20: Annual General Meeting
Annual General Meeting
Slide 21: to authorise directors to allot shares
Resolution 1 “to authorise directors to allot shares”
Slide 22: to authorise directors to allot shares for cash and disapply pre-emption rights
Resolution 2 “to authorise directors to allot shares for cash and to disapply pre-emption rights”
Slide 23: to renew authority for the purchase of Rio Tinto plc ordinary shares
Resolution 3 “to renew authority for the purchase of Rio Tinto plc ordinary shares”
Slide 24: to approve the changes to the articles of association for Rio Tinto plc
Resolution 4 “to approve the changes to the articles of association for Rio Tinto plc”
Slide 25: to approve the rules of the All-Employee Share Ownership Plan
Resolution 5 “to approve the rules of the All-Employee Share Ownership Plan”
Slide 26: to re-elect Mr R Adams
Resolution 6 “to re-elect Mr R Adams”
Slide 27: to re-elect Mr JCA Leslie
Resolution 7 “to re-elect Mr JCA Leslie”
Slide 28: to re-elect Sir Richard Sykes
Resolution 8 “to re-elect Sir Richard Sykes”
Slide 29: to re-elect Lord Tugendhat
Resolution 9 “to re-elect Lord Tugendhat”
Slide 30: to re-elect Sir Robert Wilson
Resolution 10 “to re-elect Sir Robert Wilson”
Slide 31: to re-appoint PricewaterhouseCoopers
Resolution 11 “to re-appoint PricewaterhouseCoopers”
Slide 32: to receive the report and accounts for 2000
Resolution 12 “to receive the report and accounts for 2000”
Slide 33: Annual General Meeting
Annual General Meeting