Anglogold Ashanti Plc · NYSE:AU
Anglogold Ashanti — Non-Deal Roadshow (January 2005)
13 slides from Anglogold Ashanti's roadshow presentation, January 2005
Slide 1: Company Update
Company Update January 2005 Disclaimer Except for the historical information contained in the presentation to be made, there are matters discussed here that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Excha
Slide 2: Market Context; Q4'04 & Y'04 Results
Market Context Continued investor diversification into hard US$ Exchange Rate vs EUR, ZAR and JPY Indexed from 1/2004 assets underpins bullish case for gold. 120 EUR JPY 115 ZAR In the short to medium term, weak US 110 dollar outlook means higher gold prices, but also stronger local operating curren
Slide 3: Hedge Book restructuring
Hedge Book restructuring Hedge book restructuring driven by three considerations: – With gold price likely to trade in current range or higher in medium term, value of some hedge contracts in combined AngloGold Ashanti book were unattractive – With consolidation of Ashanti book, overall level of cov
Slide 4: Hedge Restructure: 2005; Y'04 & Q4'04 Overview
Hedge Restructure: 2005 600 Sales 550 500 US$/oz 450 400 Purchases 350 300 Jan-05 May-05 Nov-05 Feb-06 Jun-06 Dec-06 Jul-07 Oct-07 Jan-08 May-08 Nov-08 Mar-09 Jun-09 Dec-09 Jul-10 Oct-10 Feb-11 May-11 Nov-11 Mar-12 Jun-12 Jan-13 Jul-13 Oct-13 Feb-14 May-14 Dec-14 Sep-06 Sep-09 Sep-12 Aug-05 Apr-07 A
Slide 5: Q4'04 Production & Operating Profit
Q4’04 Production & Operating Profit Contribution to Production Contribution to Adj Operating Profit 1.699 Moz $97 Million South Africa 762 South Africa 48 Tanzania 190 Mali 24 Ghana 166 Brazil 21 Mali 165 Australia 20 Australia 114 Argentina 17 USA 91 Tanzania 5 Brazil 83 Other -1 Argentina 68 USA -
Slide 6: Productivity Improvement; Q4'04 Other Operations
Productivity Improvement South Africa m² per Total Employees Costed in South African operations 5.92 5.48 4.58 4.42 2001 2002 2003 2004 1 2003 figure restated to reflect the change in accounting treatment of ore reserve development expenditure 9 Q4’04 Other Operations At Cerro Vanguardia, production
Slide 7: Ashanti Operations; Obuasi Mining Flexibility
ASHANTI operations Obuasi – gold production 4% lower at 90,000oz – continued impact of undercapitalization, lack of drilled and developed reserves, resulting in reduced mining flexibility and lower grades At Siguiri, production hampered by shortage of cement and delay in the construction of the CIP
Slide 8: Obuasi Remedial Actions and 2005 Objectives
Obuasi Remedial actions Upgrading development New drilling equipment is being acquired to improve ore body definition drilling Upgrading infrastructure – the Sansu Ramp is complete, 32 level will be holed in July this year, the 93 ore pass will be complete in May and the BSVS shaft is being equipped
Slide 9: Obuasi Ultra Deeps; Cost saving initiatives
Obuasi Ultra Deeps Long Section Showing Current Drilling & Proposed Drillhole Locations Phase 1 Ultra Deep drilling (in planning) Planned deep hole pierce points 1000m 15 Cost saving initiatives Saving by region in US$ million Region 2004 2005 2006 2007 South Africa 43.7 41.4 27.2 34.7 North America
Slide 10: Organic Growth: Major Projects Pipeline
Organic Growth Major projects pipeline 325 Tau Tona VCR Area A 0.1Moz Tau Tona below 120L 2.0Moz 275 Mponeng Deepening Cash cost ($/oz) 4.8Moz 225 Mizpah Low Grade Moab Plant 0.5Moz Cuiaba 175 Khotsong Expansion 4.9Moz 1.9Moz Tau Tona CLR # Tau Tona VCR # Pillar 125 0.2Moz Pillar 0.5Moz 75 2002 2003
Slide 11: Cuiabá Mine Layout; Exploration US$90m in 2005
Cuiabá Mine Layout and Expansion 19 Exploration - US$90m in 2005 20
Slide 12: Mongolia Tenements; The Philippines
Mongolia Tenements Tsagaan Tolgoi Drilling completed of quartz vein target assays pending Delgerkhan NW Orogenic Kharkhiraa Belt Onon Neeb Bulang River Ulziit Baruun Tolgoi Khuurai Erdene Gegeet Altan Uul Drilling completed testing N Limb of fold Ikh Shankh Significant mineralisation 6 holes drilled
Slide 13: Share Information
Share Information • Shares in issue (12/31/2004): 264,462,894 Geographic split of AngloGold Ashanti shareholding: December 31, 2004 • Weighted average diluted number of ordinary Anglo shares (12/31/2004): 264,451,226 1% American plc UK • Market capitalization (12/31/2004): $9.6 billion 20% • ADS to