Slide 1: ASX cover letter to Company Announcements Office
120 Collins Street Melbourne 3000 Australia Postal Address: GPO Box 384D Melbourne 3001 Australia T +61 (0) 3 9283 3333 F +61 (0) 3 9283 3707 For personal use only Company Announcements Office Australian Stock Exchange Limited SYDNEY NSW 2000 5 August 2011 Dear Sir, The attached presentation was del
Slide 2: 2011 interim results analyst handout and cautionary statement
2011 interim results Analyst handout For personal use only August 2011 Cautionary statement This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (“Rio Tinto”) and consisting of the slides for a presentation concerning Rio Tinto. By reviewing/attending this presentation you agre
Slide 3: Record first half earnings
Record first half earnings Underlying earnings 2010 first half vs 2011 first half ($m) For personal use only 12000 10000 8000 6000 4000 2000 0 5,767 4,997 (810) (444) (134) (95) (1,231) (399) 130 7,781 2010 H1 Price Exchange Volume Inflation Energy Cash Explor'n Interest, tax 2011 H1 rates costs & e
Slide 4: Iron ore and Aluminium
Iron ore For personal use only 2,981 (298) (248) (29) (362) (37) (68) (95) $m 5,952 4,108 HY, 2010 Price Fx Vols CPI Energy Other Expl'n Other HY, 2011 cash Eval'n • Severe weather impacted Pilbara production and shipments in the first half • Industry struggles to bring new production on line • Stab
Slide 5: Copper and Energy
Copper (17) 699 (215) (15) 16 (29) (169) (98) For personal use only 1,065 1,237 $m HY, 2010 Price Fx Vols CPI Energy Other Expl'n Other HY, 2011 cash Eval'n • As previously announced there was a dip in grades at Kennecott Utah Copper, Escondida and Grasberg • Increased ownership of Ivanhoe to 46.5%
Slide 6: Diamonds & Minerals and iron ore price data
Diamonds & Minerals (29) (15) (14) 209 (6) For personal use only (140) $m (20) (8) 121 98 HY, 2010 Price Fx Vols CPI Energy Other Expl'n Other HY, 2011 cash Eval'n • Strong price environment for borates and TiO2. • TiO2 pricing reflects existing multi-year contracts. As these mature they are being r
Slide 7: Other items and capital cost estimates revised
Other Interest HY FX / Sales Cash Epl'n Non HY $millions Inflation Energy , tax & 2010 price Vols Costs Eval'n Cash 2011 other For personal use only Intersegment (22) - - - - - - - 74 52 Other operations 56 (1) - (2) (1) 5 - (3) (26) 28 Central exploration (net) 7 (2) - - - - 16 - - 21 Interest (217
Slide 8: Outstanding cash flow generation; capital expenditure ramping up
Outstanding cash flow generation 2011 first half cash flows Half yearly operating cash flows ($bn) ($bn) For personal use only 20 16 Other: $0.5bn 18 Dividends from EAUs Increase Interest: $0.3bn 14 in net debt Cash flows from 16 and other Tax: $3.7bn consolidated operations inflows: 12 14 $5.3bn Di
Slide 9: Industry supply response; balancing growth with capital returns
Industry supply response remains challenged 2011 Lead time outlook • Equipment lead times are increasing Equipment type 0 1 2 3 (years) • Resource nationalism will slow For personal use only Grinding mills investment in growth Draglines Barges • Project financing challenged in Locomotives current vo
Slide 10: Additional information: reconciliation of underlying to net earnings
For personal use only Additional information 17 Reconciliation of underlying to net earnings $m 2011 Underlying earnings 7,781 Net impairment charges (1) (147) Exchange differences and gains on derivatives 63 Other (2) (110) Net earnings 7,587 (1) Includes impairment charges of $157 million and prof
Slide 11: Earnings reconciliations - ERA and Coal & Allied
Earnings reconciliations - ERA 2010 For personal use only Energy Resources of Australia US$m Earnings per ERA press release (A$22m) (24) Depreciation of closure asset 1 Tax and unwinding of discount (1) Less: Minority interests 8 Other (1) Underlying earnings as reported by Rio Tinto (17) 19 Earning
Slide 12: Earnings reconciliations - Palabora and Freeport JV
Earnings reconciliations - Palabora June 2011 For personal use only Palabora US$m Earnings per Palabora press release (R758m) 110 Recognition of Secondary Tax on Companies (STC) by Rio Tinto 8 RT share of interest and FX gain/loss on net debt (net) - Less minority interests (42.3%) (50) Underlying e
Slide 13: Provisional pricing; net debt definition change
Provisional pricing Open shipments (million lbs) Provisional pricing effect (US$m) For personal use only 30-Jun-11 30-Jun-10 31-Dec-10 H1 11 H1 10 H2 10 Escondida 175 191 217 (7) (36) 168 Freeport 13 29 26 (1) (1) – Northparkes/Other 25 19 27 (2) (1) 13 213 239 270 (10) (38) 181 23 Net debt: definit