Anglo American Plc · LSE:AAL
Anglo American — Shareholder Meeting (April 2015)
15 slides from Anglo American's shareholder meeting presentation, Apr 23, 2015
Slide 1: Annual General Meeting 2015 – Mark Cutifani, Chief Executive
ANNUAL GENERAL MEETING 2015 MARK CUTIFANI – CHIEF EXECUTIVE 23 April 2015
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Disclaimer: This presentation has been prepared by Anglo American plc (“Anglo American”) and comprises the written materials/slides for a presentation concerning Anglo American. By attending this presentation and/or reviewing the slides you agree to be bound by the following con
Slide 3: 2014 Performance
2014 PERFORMANCE
Slide 4: 2014 Financial Highlights
2014 FINANCIAL HIGHLIGHTS Despite commodity headwinds our operational improvement continues… Group underlying EBIT $4.9 bn down 25%.....impacted by lower prices and Platinum strike. Underlying earnings $2.2 bn (EPS $1.73) down 17%...............................prices/Platinum. Operating cash flow $6
Slide 5: Delivering on our 2014 Commitments
DELIVERING ON OUR 2014 COMMITMENTS We have delivered on our immediate restructuring milestones… Sishen exceeds 35Mt production target • Waste on track for 2015 & 2016 ore targets. Minas-Rio • FOOS delivered ahead of schedule and budget. • Final capex expected $400m lower than forecast. Platinu
Slide 6: Operating Performance – Safety
OPERATING PERFORMANCE – SAFETY We have seen a significant reduction in fatalities and injuries… Loss of life (by business) Performance Notes 15 17 15 We deeply regret the loss of six colleagues to 13 incidents in Australia and South Africa. 6 8 12 If we normalise for the Platinum strike, 7 6 3 i
Slide 7: Operating Performance – Environmental
OPERATING PERFORMANCE – ENVIRONMENTAL Major reduction in environmental emissions and spills reflects focus… Environmental incidents (levels 3 to 5) Performance Notes 30 Focus on hazards and management disciplines 27 reflects alignment with safety approach. 22 Sustainable Work Practices 15 One of
Slide 8: 2015 – A Solid Q1
2015 – A SOLID Q1
Slide 9: A Solid 1st Quarter Performance
A SOLID 1ST QUARTER PERFORMANCE We continue to drive productivity improvements across our business units…. Iron ore production from Kumba increased by 7% to 12.2 million tonnes – improved equipment productivity at Sishen and plant performance at Kolomela. Minas-Rio produced 1.2 million tonnes of
Slide 10: 2015 Deliverables
2015 DELIVERABLES A clear set of deliverables… Minas-Rio Continue ramp-up to achieve commercial production in H1 2016. Portfolio Lafarge Tarmac sale completion targeted for 2015. Other assets in process. Roll-out of ‘Operating model’ to priority assets Sishen, Kolomela, Mogalakwena, Los Bronces
Slide 11: Divestment Programme
DIVESTMENT PROGRAMME
Slide 12: Progressing on Our Divestment Programme
PROGRESSING ON OUR DIVESTMENT PROGRAMME It’s our strategic intent to focus the portfolio… Lafarge Tarmac 2015 sale on track (£885m) • Conditional on Holcim / Lafarge merger. Platinum • Union: shortlisted parties commenced due diligence in January. • Rustenburg: progressing with listing preparati
Slide 13: Investment Proposition
INVESTMENT PROPOSITION
Slide 14: Our Investment Proposition
OUR INVESTMENT PROPOSITION We are a self-help story…building our performance foundations… Operating stability……………………….…to support ongoing incremental improvement. Hardware and technical focus………………..…..getting the best out of what we have. Marketing our products……………………………getting the right pr
Slide 15: Annual General Meeting 2015 – Mark Cutifani, Chief Executive
ANNUAL GENERAL MEETING 2015 MARK CUTIFANI – CHIEF EXECUTIVE 23 April 2015