Slide 1: Second Quarter 2012
Second Quarter 2012 August 2nd, 2012 asdfasdf
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION OVERVIEW OF RESULTS – Q2 2012 Both these slides and the accompanying oral presentation contain certain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The forward looking statements include estimates, forecasts
Slide 3: Q2 2012 Highlights
Q2 2012 HIGHLIGHTS OVERVIEW OF RESULTS – Q2 2012 Strong results against Q2 2011 Revenue $722 million (up 9%) Copper production 71.5k tonnes (up 11%)* * Gold production 43.8k ounces (up 7%) Ravensthorpe contributed $23 million to net earnings C1 Copper $1.53/lb within market guidance Gross Profit low
Slide 4: Financial Overview
FINANCIAL OVERVIEW OVERVIEW OF RESULTS – Q2 2012 $ millions Q2 2012 Q2 2011 Q1 2012 Revenue 722 660 729 Gross Profit 275 363 270 Comparative EBITDA 276 347 281 Comparative Operating Profit 243 323 240 Comparative Earnings 142 155 119 Comparative EPS (Basic) ($) 0.30 0.36 0.25 Net Earnings attributab
Slide 5: Production & Sales
PRODUCTION & SALES OVERVIEW OF RESULTS – Q2 2012 * Production Q2 2012 Q2 2011 Q1 2012 Copper (‘000 tonnes) 71.5 64.6 65.9 Nickel (‘000 tonnes) 8.1 - 8.6 Gold (‘000 ounces) 43.8 41.1 42.5 Q2 2012* Q2 2011 Q1 2012 Sales Volume Copper (‘000 tonnes) 72.7 65.5 67.8 Nickel (‘000 tonnes) 9.8 - 5.3 Gold (‘0
Slide 6: C1 Costs
C1 COSTS OVERVIEW OF RESULTS – Q2 2012 Copper C1 within market guidance Q2 2012 Q2 2011 Q1 2012 Group 1.53 1.43 1.59 Kansanshi 1.52 1.41 1.54 Guelb Moghrein 1.61 1.62 1.84 Inflationary cost pressures seen mainly on sulphuric acid, energy and other consumables, partially offset by higher production.
Slide 7: Capital Expenditure
CAPITAL EXPENDITURE OVERVIEW OF RESULTS – Q2 2012 Q2 2012 capital expenditure ($m) Deferred Projects Stripping Other Total Kansanshi 116 47 25 188 Guelb Moghrein 6 6 Ravensthorpe 9 9 Kevitsa 38 15 53 Sentinel 53 53 Other 2 2 GROUP 216 47 48 311 $1.25 billion in debt facilities available to fund cont
Slide 8: Quarterly Cash Flow Movement
QUARTERLY CASH FLOW MOVEMENT OVERVIEW OF RESULTS – Q2 2012 Strong cash balance to invest in capital expansion EBITDA 276 Working Capital Changes 53 Capital Expenditure (311) Dividends (including ZCCM) (61) Tax paid (95) Other (32) Net Cash Flow (170) Cash at end of Quarter 857 8
Slide 9: Balance Sheet Positioned for Growth
BALANCE SHEET POSITIONED FOR GROWTH OVERVIEW OF RESULTS – Q2 2012 Ability to fund growth projects without diluting shareholder’s funds Ample capacity to take on further debt Strong cash balance and available funds Available future funds Kevitsa Debt Kansanshi Debt Cash Facility Facility $857 million