Rio Tinto Plc · LSE:RIO

Rio Tinto — Shareholder Meeting (May 2013)

27 slides from Rio Tinto's shareholder meeting presentation, May 9, 2013

  1. Slide 1: 2013 Annual general meeting

    9 May 2013 Chairman Chief executive For personal use only 2013 Annual general meeting Sydney

  2. Slide 2: Jan du Plessis, Chairman

    9 May 2013 Chairman Chief executive For personal use only Jan du Plessis Chairman

  3. Slide 3: Strong underlying fundamentals

    3 Strong underlying fundamentals For personal use only • Strong underlying earnings and cash $ billion 2011 2012 Movement flows from operations Underlying • Impacted by: earnings 15.5 9.3 -40% − Lower prices and price volatility Net earnings/ across most commodities 5.8 (3.0) -151% (loss) − Stronger

  4. Slide 4: Global aluminium industry under pressure

    4 Global aluminium industry under pressure For personal use only Aluminium rod, Saguenay-Lac-St-Jean, Canada ©2013, Rio Tinto, All Rights Reserved

  5. Slide 5: Disciplined capital management

    5 Disciplined capital management For personal use only • Disciplined and rigorous approach Cash from operations to capital allocation and divestment proceeds • Investment programme focused Disciplined Prudent Cash on highest quality opportunities investment in balance returns to highest value sheet

  6. Slide 6: Other board focus areas in 2012

    6 Other board focus areas in 2012 For personal use only Pilbara iron ore expansion, Western Australia Richards Bay Minerals, South Africa ©2013, Rio Tinto, All Rights Reserved

  7. Slide 7: A consistent strategy

    7 A consistent strategy For personal use only Pursuing greater value for shareholders Strategy Investing in and operating large, long-term, expandable, low-cost mines and businesses, driven by the quality of each opportunity in the most attractive industry sectors. ©2013, Rio Tinto, All Rights Reser

  8. Slide 8: Volatility in commodity prices is set to continue

    8 Volatility in commodity prices is set to continue For personal use only Iron ore prices • Significant market volatility unlike anything (62% Fe, US$/dmt, CFR North China) we have seen before 200 • Iron ore prices are illustrative of this 180 turbulence 160 140 120 100 80 60 Mar-10 May-10 Jul-10 Se

  9. Slide 9: Navigating through volatility

    9 Navigating through volatility For personal use only We must maintain a strong balance sheet throughout the 1 economic cycle 2 We must be low cost operators ©2013, Rio Tinto, All Rights Reserved

  10. Slide 10: Leading on transparency

    10 Leading on transparency For personal use only Group’s 2012 total tax contribution of US $11.6bn Rossing, Namibia ©2013, Rio Tinto, All Rights Reserved

  11. Slide 11: Positive long-term prospects

    11 Positive long-term prospects For personal use only Oyu Tolgoi, Mongolia ©2013, Rio Tinto, All Rights Reserved

  12. Slide 12: Sam Walsh, Chief executive

    9 May 2013 Chairman Chief executive For personal use only Sam Walsh Chief executive

  13. Slide 13: Pursuing greater value for shareholders

    9 May 2013 Chairman Chief executive For personal use only Pursuing greater value for shareholders

  14. Slide 14: Safety

    14 Safety For personal use only Injury frequency rates 2003 – 2012 Per 200,000 hours worked 2 All injury 1.8 frequency rate 1.6 Lost time injury 1.4 frequency rate 1.2 1 0.8 0.6 0.4 0.2 0 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 Safety briefing, Gove Alumina Refinery, Australia ©2013, Rio Tinto, All

  15. Slide 15: Strong operating performance

    15 Strong operating performance For personal use only Delivering shareholder value in our iron ore business Record global shipments in 2012 (100 per cent basis) 247 million tonnes The Pilbara, Western Australia ©2013, Rio Tinto, All Rights Reserved

  16. Slide 16: Industry leading Mine of the Future

    16 Industry leading Mine of the Future™ For personal use only The Pilbara, Western Australia ©2013, Rio Tinto, All Rights Reserved

  17. Slide 17: Investments in high value projects

    17 Investments in high value projects For personal use only • Total capital expenditure in 2012 of US$17.4bn − US$9.9bn of this in Australia • Investments made in the high value areas of our business • A recovery plan is in place to minimise the impact of the pit wall landslide at our copper mine in

  18. Slide 18: The year ahead

    18 The year ahead For personal use only In 2013 we will: Reduce costs Strengthen Deliver growth Divest non-core 1 and improve performance 2 projects 3 capital allocation and discipline 4 assets Build a stronger, more focused, and accountable business ©2013, Rio Tinto, All Rights Reserved

  19. Slide 19: Delivering on our promises

    19 Delivering on our promises For personal use only We are delivering in each area: Pilbara expansion Strengthened 1 Targeting cumulative 2 plans on track 3 Investment Committee 4 Pursuing cost savings divestments controls of US$5bn for cash Oyu Tolgoi over the next proceeds due for first Reviewing

  20. Slide 20: Building a stronger, more focused and accountable business

    20 Building a stronger, more focused For personal use only and accountable business • Streamlined the Executive Committee from 11 to nine members • Bonus and reward structures more closely Must do this by remaining aligned to individual value delivery true to our values: • De-layering the organisati

  21. Slide 21: A clear direction

    21 A clear direction For personal use only My vision is to build a company that is greatly admired and respected. A company that is attractive to investors; a company that customers, suppliers, governments and communities want to partner with; and a company employees and shareholders are proud to be

  22. Slide 22: Delivering value for the next years

    22 Delivering value for the next 140 years For personal use only Boron, US ©2013, Rio Tinto, All Rights Reserved

  23. Slide 23: Pursuing greater value for shareholders

    9 May 2013 Chairman Chief executive For personal use only Pursuing greater value for shareholders

  24. Slide 24: Resolutions

    24 Resolutions 1 - 18 For personal use only • Receipt of 2012 Annual report • Approval of 2012 Remuneration report • Re-appointment of auditors • Remuneration of auditors • Re-election of directors • Approval of Performance Share Plan 2013 • Authority for Rio Tinto Limited to buy back shares ©2013,

  25. Slide 25: John Varley, Remuneration committee chairman

    9 May 2013 Chairman Chief executive Remuneration committee For personal use only John Varley Remuneration committee chairman

  26. Slide 26: Questions

    9 May 2013 Chairman For personal use only Questions

  27. Slide 27: 2013 Annual general meeting

    9 May 2013 For personal use only 2013 Annual general meeting Sydney

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