Mineral Resources Limited · ASX:MIN
Mineral Resources — Shareholder Meeting (November 2007)
20 slides from Mineral Resources's shareholder meeting presentation, Nov 8, 2007
Slide 1: Managing Director's Presentation Annual General Meeting
Mineral Resources Limited For personal use only An integrated supplier of goods and services to the resources sector Managing Director’s Presentation Annual General Meeting 8 November 2007 Page 1
Slide 2: 2007 Highlights – Financial
For personal use only 2007 Highlights – Financial • Revenue increase of 40% over FY 2006 • NPAT increase of 96% over FY 2006 • Interest cover 18 times at 30 June (31 times at 30 September) • Balance sheet strength to support growth targets • Debt to Equity ratio 11.7% with strong cash generation • 5
Slide 3: Financial Comparison
Financial Comparison Actual Year on Year Performance For personal use only FY 2007 FY 2006 Variance % Actual Actual Revenue 148.8 105.9 40.5% EBITDA 37.8 23.0 64.3% Dividend Paid 8.3 cents 1.2 cents 691% NPAT 20.2 10.3 96.1% Page 3
Slide 4: MIN Share Price Performance Against All Ordinaries
For personal use only - 1.00 2.00 3.00 4.00 5.00 6.00 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 Jan-07 Feb-07 MIN Mar-07 Apr-07 AORDS May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 MIN SHARE PRICE PERFORMANCE AGAINST ALL ORDINARIES Nov-07 Page 4
Slide 5: 2007 Highlights - Operational
For personal use only 2007 Highlights - Operational • Maintenance of world best practice HSE results • Improved manganese market demand and sales price • Progress on proposed Philippine iron sands tenements • Extensive pipeline of project opportunities • Sales of blended iron ore product to China •
Slide 6: Health & Safety
For personal use only Health & Safety • World best practice HSE performance from all businesses • Management focus on health and safety as a key business driver Number of Lost Time Injuries LTIFR = Number of Hours Worked x 1,000,000 20 16 Lost Time Injury 12 Frequency Ratio (LTIFR) 8 4 0 PMI CSI PIH
Slide 7: For personal use only
For personal use only Page 7
Slide 8: For personal use only
For personal use only Page 8
Slide 9: For personal use only
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Slide 10: For personal use only
For personal use only Page 10
Slide 11: Blended Iron Ore Stockpiles
For personal use only Blended Iron Ore Stockpiles Page 11
Slide 12: Export of Blended Iron Ore Product
For personal use only Export of Blended Iron Ore Product Page 12
Slide 13: Performance Post June 2007
For personal use only Performance Post June 2007 • Awarded $300 million, 10 year BOOT contract for Winimurra Vanadium processing and beneficiation • Exported 90,000 tonnes of lump & fines manganese • Exported 95,000 tonnes of blended iron ore • Commenced run of mine contract crushing operation at Da
Slide 14: Outlook - Market
For personal use only Outlook - Market • Strengthening demand and pricing for manganese has continued; demand expected to remain strong for next quarter • Continuing strong global demand for steel making commodities • ‘China story’ to remain expansive in the long term with supplementary growth from
Slide 15: China's Iron Ore Consumption and Imports
China’s Iron Ore Consumption and Imports For personal use only 800 700 600 500 Mt 400 300 200 100 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 consumption imports Abare Australian Commodities March 07 Page 15
Slide 16: China heavily relies on imported Mn ore
x China heavily relies on imported Mn ore ta feed its Mn alloy and metal manufacturing capacities * 7 og Mn cont. of import ore jawg.4a%5) _, | OMn cont. of domestic ore (avg. 205) = Sal = gar a 32} a 2001 202 2003 Da, 2006 rat] Source:MMTC, Macquante Research, June 2007 Page 16
Slide 17: Outlook - Operational
For personal use only Outlook - Operational • Complete Windimurra plant to commence operations November 2008 • Continuing focus on HSE quality performance to maintain world best practice • Presentation of sampling results for iron sands tenements in Philippines • Continued price strength for mangane
Slide 18: Outlook - Corporate
For personal use only Outlook - Corporate • Balance sheet capable of supporting significant additional projects and acquisition initiatives • Dividend payout ratio of 50% confirmed by Board as long term commitment • Continuation of skills training and labour procurement strategies utilising local an
Slide 19: Analyst Forecasts for NPAT
Analyst Forecasts for NPAT 2007/08 For personal use only 1.Bell Potter (10 Oct 07) $28,000,000 2.Tricom (10 Oct 07) $28,000,000 3.Macquarie (25 Oct 07) $31,500,000 4.Merrill Lynch (10 Oct 07) $32,500,000 Page 19
Slide 20: Management Guidance 2007/2008
Management Guidance 2007/2008 For personal use only • Net profit after tax in excess of $31 million; an increase of 54% over FY 2006/2007 results. • Earnings per share in excess of 25.3 cents. • Nominal dividend 12.7 cents per share • Net debt/equity (excluding new contracts) 0% This guidance is pro
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