Rio Tinto Plc · LSE:RIO
Rio Tinto — Shareholder Meeting (May 2016)
32 slides from Rio Tinto's shareholder meeting presentation, May 5, 2016
Slide 1: 2016 Annual general meeting
1 5 May 2016 For personal use only 2016 Annual general meeting ©2016, Rio Tinto, All Rights Reserved Safety check, Dampier, WA, Australia
Slide 2: Jan du Plessis, Chairman
2 5 May 2016 For personal use only Jan du Plessis Chairman ©2016, Rio Tinto, All Rights Reserved Power plant, Argyle Diamond Mine, WA, Australia
Slide 3: Board of directors
3 For personal use only Board of directors Boron operations, California, US ©2016, Rio Tinto, All Rights Reserved
Slide 4: A consistent strategy
4 For personal use only A consistent Invest in and operate long-life, low-cost, expandable operations strategy in the most attractive industry sectors Cape Lambert port, Iron Ore, WA, Australia ©2016, Rio Tinto, All Rights Reserved
Slide 5: Solid financial performance
5 For personal use only Solid financial Delivered underlying earnings of US$4.5 billion performance Net cash generated from operating activities US$9.4 billion Decisive action to preserve cash ©2016, Rio Tinto, All Rights Reserved
Slide 6: Our balance sheet – a competitive strength
6 For personal use only Our balance sheet – a competitive strength Amrun bauxite project, Cape York, Queensland, Australia ©2016, Rio Tinto, All Rights Reserved
Slide 7: Returns to shareholders
7 For personal use only Returns to shareholders 2015 full year dividend of 215 US cents per share In 2015 returned more than US$6.1 billion to shareholders Returned over US$25 billion to shareholders over the past five years New dividend policy Intention for 2016 full year dividend not less than 110
Slide 8: Active governance
8 For personal use only Active governance Safety check, Yandicoogina, Iron Ore, Pilbara, WA, Australia ©2016, Rio Tinto, All Rights Reserved
Slide 9: A responsible and transparent business
9 For personal use only A responsible Over the last five years and transparent we have paid more business than US$39 billion in taxes and royalties Greater disclosure on impacts of climate change Chute-du-Diable hydropower station, Saguenay, Canada ©2016, Rio Tinto, All Rights Reserved
Slide 10: Promising future
10 For personal use only Promising future Beijing, China ©2016, Rio Tinto, All Rights Reserved
Slide 11: Ready for the challenge
11 For personal use only Ready for the challenge Oyu Tolgoi copper mine, Mongolia ©2016, Rio Tinto, All Rights Reserved
Slide 12: Sam Walsh, Chief executive
12 5 May 2016 For personal use only Sam Walsh Chief executive ©2016, Rio Tinto, All Rights Reserved Hamersley ship loading iron ore, Pilbara, WA, Australia
Slide 13: Safety: Injury frequency rates 2006-2015
13 For personal use only Safety Injury frequency rates 2006 - 2015 Per 200,000 hours worked 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13 '14 '15 Lost time injury frequency rate La Granja Safety All injury frequency rate Safety briefing, Rio Tinto Kennecott, Utah, US ©2016, Rio Tin
Slide 14: Chief executive safety awards
14 For personal use only Chief executive safety awards Pilbara Utilities lead safety success ©2016, Rio Tinto, All Rights Reserved
Slide 15: Solid financial performance
15 For personal use only Solid financial Removed a further US$1.3 billion of costs performance Reduced capital expenditure to US$4.7 billion Released US$1.5 billion of working capital Net cash generated from operating activities of US$9.4 billion Strong balance sheet with net debt of US$13.8 billion
Slide 16: World-class operational performance
16 For personal use only World-class Pilbara Full ramp up operational infrastructure at Kitimat expansion Aluminium performance completed smelter Oyu Tolgoi’s copper open-pit mine fully operational Amrun Tier 1 71 autonomous bauxite asset trucks in operation ©2016, Rio Tinto, All Rights Reserved
Slide 17: Iron Ore
17 For personal use only Iron Ore Autonomous truck, Nammuldi, Pilbara, WA, Australia ©2016, Rio Tinto, All Rights Reserved
Slide 18: Aluminium
18 For personal use only Aluminium Modernised Kitimat smelter, British Columbia, Canada ©2016, Rio Tinto, All Rights Reserved
Slide 19: Diamonds & Minerals
19 For personal use only Diamonds & Minerals Argyle diamonds underground operations, WA, Australia ©2016, Rio Tinto, All Rights Reserved
Slide 20: Copper & Coal
20 For personal use only Copper & Coal Employees at Oyu Tolgoi copper underground project, Mongolia ©2016, Rio Tinto, All Rights Reserved
Slide 21: Portfolio renewal
21 For personal use only Portfolio renewal Bengalla thermal coal operations divested ©2016, Rio Tinto, All Rights Reserved
Slide 22: Community
For personal use only Community Traditional owners consultation, Weipa, Queensland, Australia ©2016, Rio Tinto, All Rights Reserved
Slide 23: Our people
For personal use only Our people Aluminium team, Amrun bauxite project, Queensland, Australia ©2016, Rio Tinto, All Rights Reserved
Slide 24: Jean-Sébastien Jacques, Deputy chief executive
24 5 May 2016 For personal use only Jean-Sébastien Jacques Deputy chief executive ©2016, Rio Tinto, All Rights Reserved Oyu Tolgoi, copper-gold mine, Mongolia
Slide 25: Shareholder returns through the cycle
25 5 May 2016 For personal use only Shareholder returns through the cycle ©2016, Rio Tinto, All Rights Reserved West Angelas iron ore mine, Pilbara, WA, Australia
Slide 26: Resolutions 1-17
26 For personal use only Resolutions Resolution 1: Receipt of 2015 Annual Report 1 - 17 Resolution 2: Approval of the Directors’ Report on Remuneration Resolution 3: Approval of the Remuneration Report Resolutions 4-14: Re-election of directors Resolution 15: Re-appointment of auditors Resolution 16
Slide 27: Resolution 18: Share buy-back authorities
27 For personal use only Resolution Resolution 18: Renewal of off-market and on-market share buy- 18 back authorities ©2016, Rio Tinto, All Rights Reserved
Slide 28: John Varley, Remuneration Committee chairman
28 5 May 2016 For personal use only John Varley Remuneration Committee chairman ©2016, Rio Tinto, All Rights Reserved Shipping bauxite, Weipa, Australia
Slide 29: Resolutions 2-3
29 For personal use only Resolutions Resolution 2: Approval of the Directors’ Report on Remuneration 2-3 (UK law requirement) Resolution 3: Approval of the Remuneration Report (Australian law requirement) ©2016, Rio Tinto, All Rights Reserved
Slide 30: Remuneration policy
30 For personal use only Remuneration policy Diavik Diamond Mine, Northwest Territories, Canada ©2016, Rio Tinto, All Rights Reserved
Slide 31: Remuneration: linking remuneration with strategy
31 For personal use only Remuneration Linking remuneration with strategy outcomes Aligning interests between shareholders and executives Engaging in dialogue with our shareholders ©2016, Rio Tinto, All Rights Reserved
Slide 32: 2016 Annual general meeting
32 5 May 2016 For personal use only 2016 Annual general meeting ©2016, Rio Tinto, All Rights Reserved Mount Tom Price, Iron Ore, Pilbara, WA, Australia