Mineral Resources Limited · ASX:MIN
Mineral Resources — Morgan Stanley 2013 Emerging Companies Conference
15 slides from Mineral Resources's conference presentation, Jun 4, 2013
Slide 1: Morgan Stanley 2013 Emerging Companies Conference
For personal use only Morgan Stanley 2013 Emerging Companies Conference An Integrated Australian Mining Services Company | June 2013 www.mineralresources.com.au
Slide 2: Service Provider and Minerals Producer
For personal use only Service Provider Minerals Producer Process Minerals PIHA Crushing Services Polaris Metals Mesa Minerals (64% owned) International & Auvex Resources A leading processor, Innovative pipeline Dynamic explorer & producer & exporter of technology & water A leading contractor mineral
Slide 3: About Mineral Resources
For personal use only About Mineral Resources An Integrated Australian Mining Services Company • Mineral Resources Limited is a Western Australian, publicly listed, ASX 100 company (ASX:MIN) with a market cap approximately $A2 billion • Employs in excess of 1,600 people • Largest Australian speciali
Slide 4: Strategic Positioning
Strategic Positioning For personal use only • Mining services comprising contract crushing, site accommodation and Diversified Revenue mine infrastructure Streams • Commodity mining and exporting of iron ore and manganese • Corporate strength supports major business opportunities Strong Balance Shee
Slide 5: Crushing Services International (CSI)
For personal use only Crushing Services International (CSI) A leading contractor providing crushing, screening & processing facilities • CSI’s core business is to provide crushing, screening and beneficiation services to commodity producers throughout Australia. • CSI has established a strong reputa
Slide 6: PMI Site Services
PMI Site Services For personal use only PMI Site Services has become the fastest growing division within the MRL Group. Its presence in the Pilbara and Yilgarn regions continue to grow strongly. Services • Catering • Accommodation • Village management • SPQ & Village cleaning • Wetmess & Retail • Vi
Slide 7: PIHA
PIHA For personal use only Innovative Pipeline Technology & Water Solutions • Undertakes all facets of polyethylene pipe fittings manufacture. • Provides extensive project management, construction, plant & equipment hire, maintenance and support services to supplement its contracting operations. • P
Slide 8: Export Volume Growth
For personal use only Export Volume Growth 8 million tonnes 6 4 2 0 2009 2010 2011 2012 2013F Utah Point KBT2 ‘000 tonnes 2009 2010 2011 2012 H1 2013 Iron Ore . Utah Point 375 875 2,259 2,004 1,015 . KBT2 - - - 1,759 1,528 . Total 375 875 2,259 3,763 2,543 Manganese 275 428 449 269 117 TOTAL 650 1,3
Slide 9: BOO Model – the Counter Cyclical Effect
BOO Model – the Counter Cyclical Effect For personal use only BOO model is deleveraged from commodity price cycle, it defines customers’ ‘real business needs’ in a low growth cycle Business Need BOO Model Response Reduce capital spend MRL funds plant Minimise labour employment MRL employs labour Imp
Slide 10: BOO Model – across the business cycles
BOO Model – across the business cycles For personal use only BOO Value Proposition Resources Business Cycle Outsourcing Outsourcing Attractive Attractive • Contract structure flexible enough to accommodate increasing and reducing demand over the long term • Value adding crosses over business cycles
Slide 11: What Differentiates Mineral Resources
For personal use only What Differentiates Mineral Resources • Strength of Balance Sheet • Innovative operational approach • Annuity based contracts • Full in house service supply • Strength of plant and equipment inventory • Value adding • Lowest cost • Operational productivity • Timeliness of progr
Slide 12: Yilgarn Deposits
Yilgarn Deposits For personal use only Carina Iron Ore Mine Current Status • In total, 4,318,699 tonnes have been exported from the project since commencement of export operations in November 2011. (16 months to March 2013) • Mine development is well advanced and ore supply and presentation has beco
Slide 13: Growth Opportunities
Growth Opportunities For personal use only Mining Services Organic growth opportunities across all operations • Service contracting and construction projects under negotiation • MRL business grows during normal countercyclical trend that creates outsourcing requirements • Capital and labour restrain
Slide 14: Financial History
Financial History For personal use only Since Listing in 2006 Revenue EBITDA 350 1000 900 300 800 250 $ millions 700 $ millions 600 200 500 150 400 300 100 200 50 100 0 0 2007 2008 2009 2010 2011 2012 2013 2007 2008 2009 2010 2011 2012 2013 (half) (half) Net Assets 1000 900 800 700 $ millions 600 50
Slide 15: Disclaimer
For personal use only Disclaimer • This presentation has been prepared by Mineral Resources Limited (“MRL” or “the Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respe
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