Rio Tinto Plc · LSE:RIO
Rio Tinto — Shareholder Meeting (May 2013)
24 slides from Rio Tinto's shareholder meeting presentation, May 9, 2013
Slide 1: 2013 Annual general meeting
Chairman RioTinto 2013 Annual general meeting London Fit, Ks ME
Slide 2: Strong underlying fundamentals
Strong underlying fundamentals Strong underlying earnings and cash flows from operations Impacted by: − Lower prices and price volatility across most commodities − Stronger currencies, input cost pressures especially in Australia Net loss following aluminium and Mozambique coal impairments $ billion
Slide 3: Aluminium rod, Saguenay-Lac-St-Jean, Canada
Aluminium rod, Saguenay-Lac-St-Jean, Canada
Slide 4: Disciplined and rigorous approach to capital allocation
Disciplined and rigorous approach to capital allocation Investment programme focused on highest quality opportunities Prudent balance sheet and single A credit rating Progressive dividend provides sustainable long term returns to shareholders
Slide 5: Pilbara iron ore expansion, Western Australia
Pilbara iron ore expansion, Western Australia Richards Bay Minerals, South Africa
Slide 6: Strategy
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.
Slide 7: Significant market volatility unlike anything we have seen before
Significant market volatility unlike anything we have seen before Iron ore prices are illustrative of this turbulence
Slide 8: We must be low cost operators
2 We must be low cost operators
Slide 9: Rossing, Namibia
Rossing, Namibia
Slide 10: Oyu Tolgoi, Mongolia
Oyu Tolgoi, Mongolia
Slide 11: Sam Walsh, Chief executive
418 April 2013 RioTinto Sam Walsh Chief executive
Slide 12: Pursuing greater value for shareholders
RioTinto Pursuing greater value for shareholders
Slide 13: Safety briefing, Gove Alumina Refinery, Australia
Safety briefing, Gove Alumina Refinery, Australia
Slide 14: The Pilbara, Western Australia
The Pilbara, Western Australia
Slide 15: Total capital expenditure in 2012 of US$17.4bn
Total capital expenditure in 2012 of US$17.4bn Investments made in the high value areas of our business A recovery plan in place to minimise the impact of the pit wall slide at our copper mine in Utah Divesting assets that no longer align with our strategy Oyu Tolgoi, Mongolia
Slide 16: Reduce costs, deliver growth projects, divest non-core assets
Redu ice costs and improve perfo: rmance Deliver growth projects Divest non-core assets Build a stronger, more focused, and accountable business
Slide 17: We are delivering in each area
We are delivering in each area: Pilbara 4 expansion Strengthened Targeting cumulative mee oe eae Pursuing cost savings controls divestments of US$5bn Oyu Tolgoi for cash tao the next due for first Reviewing all piccec ds y production capex in H1 2013
Slide 18: Must do this by remaining true to our values
V Must do this by remaining true to our values: teamwork, integrity, respect and accountability
Slide 19: Slide 19
Slide 20: Boron, US
Boron, US
Slide 21: Pursuing greater value for shareholders
418 April 2013 RioTinto Pursuing greater value for shareholders
Slide 22: John Varley, Remuneration committee chairman
18 April 2013 Chairman Chief executive Remuneration committee RioTinto John Varley Remuneration committee chairman
Slide 23: Rio Tinto
RioTinto no Cc 2 ~~ ep) 0) =) Co
Slide 24: 2013 Annual general meeting
a RioTinto 2013 Annual general meeting London