Fortescue Ltd · ASX:FMG
Fortescue — Fortescue Metals Group — FY2009 Earnings Presentation
9 slides from Fortescue's earnings presentation, Aug 10, 2009
Slide 1: FY 2009 Financial Accounts cover letter
10 August 2009 For personal use only The Companies Officer Australian Securities Exchange Ltd Exchange Plaza 2 The Esplanade PERTH WA 6000 Dear Sir, FY 2009 Financial Accounts Fortescue Metals Group Ltd (ASX: FMG “Fortescue”) is pleased to lodge its financial report for 2009. These results represent
Slide 2: Appendix 4E Results for Announcement to the Market
Appendix 4E Financial year ended 30 June 2009 This information should be read in conjunction with Fortescue’s For personal use only 2009 Annual Report (which includes the 2009 Financial Report). Name of entity Fortescue Metals Group Ltd ABN 57 002 594 872 Results for Announcement to the Market 2008
Slide 3: Income Statements FY09
Income Statements FY09 For personal use only Statutory Underlying US$m US$m Revenue 1,831 1,958 EBITDA 672 762 EBIT 583 673 Net Profit After Tax 508 342 Highly profitable
Slide 4: Cashflow Statements FY09
Cashflow Statements FY09 For personal use only Statutory Underlying US$m US$m Operating cashflows 663 753 Interest (191) (193) Investing cashflows (741) (900) Financing cashflows 701 772 Increase in cash 432 432 Closing Cash 654 654 Increased cash on hand
Slide 5: Balance Sheet FY09
Balance Sheet FY09 For personal use only Statutory Underlying US$m US$m Current Assets 960 960 Non-Current Assets 3,448 3,448 Current Liabilities 746 746 Non-Current Liabilities 2,812 2,696 Net Assets 850 966 Total Equity 850 966 Strong balance sheet – Massive resource base not recognised
Slide 6: Key Information
Key Information For personal use only Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 FY09 Tonnes Mined (Mt)1 7.099 8.463 6.545 8.899 31.006 Tonnes Processed(Mt)1 6.682 6.112 6.455 8.544 27.793 Tonnes Shipped (Mt)1 6.881 6.280 6.167 7.985 27.313 Revenue / t shipped 83.92 72.93 59.07 57.31 67.82 (US$) 2 Cash Operati
Slide 7: Liquidity
Liquidity For personal use only 30 June 08 30 June 09 US$m US$m Cash at Bank 133 655 Security Deposits 62 56 Cash at Bank and Security Deposits 195 711 Debt Service Reserve (included above) 110 101 Strong cash reserves
Slide 8: Debt maturity
Debt maturity For personal use only US$ face 54.0 / paid 38.3 US$ 1,026m Senior Secured Notes EUR face 16.2 / paid 10.1 US$ face 2.5 / paid 1.8 EUR$ US$ 299m 318m US$ 250m Subordinated Notes US$ 100m Long-term repayment profile
Slide 9: Pilbara Production ramp ups
Pilbara Production ramp ups For personal use only 50,000 45,000 FMG Cloudbreak 40,000 Annual Production (kt) 35,000 30,000 25,000 20,000 15,000 10,000 5,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 RIO Hope Downs RIO IOC (pellets and concentrate) RIO Robe River RIO Channar RIO Eas
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