Slide 1: Rio Tinto Limited – Annual General Meeting announcement
Rio Tinto Limited 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 Securities Exchange SYDNEY NSW 2000 5 May 2011 Rio Tinto Limited – Annual Gene
Slide 2: 2011 annual general meeting
2011 annual For personal use only general meeting Perth 5 May 2011
Slide 3: Jan du Plessis, Chairman
For personal use only Jan du Plessis Chairman Kennecott Utah Copper, US
Slide 4: Directors not standing for re-election
Directors not standing for re-election For personal use only 1 Yves Fortier 2 Sir Rod Eddington 3
Slide 5: Highlights of 2010
Highlights of 2010 For personal use only • Record underlying earnings of US$14 billion • Record cash flows of US$23.5 billion • Raised dividend by 20% vs previous commitment • US$5 billion capital management programme • Net debt reduced to US$4.3 billion Ore loading at Dampier Port, Australia 4
Slide 6: Our strategy
Our strategy For personal use only • Invest in and operate large, long term, cost competitive mines and businesses • Driven not by choice of commodity but by the quality of each opportunity • Focus on organic growth and targeted acquisitions • US$13 billion capex planned for 2011 5
Slide 7: Commitment to sustainability
Commitment to sustainability For personal use only • Licence to operate • Long term economic benefits • Environmental and social considerations 6
Slide 8: Outlook
Outlook For personal use only • Business resilience • Volatile financial markets with persistent global imbalances • Unprecedented sector growth • Long term growth fundamentals are strong Shenzhen, China 7
Slide 9: In conclusion
In conclusion For personal use only • Outstanding year with excellent results • Prudent balance sheet management • Strong foundations for future growth Oyu Tolgoi construction site, Mongolia 8
Slide 10: Tom Albanese, Chief Executive
Tom Albanese For personal use only Chief Executive
Slide 11: Growth is back on the agenda
Growth is back on the agenda For personal use only • More than US$12 billion of capital approvals since 2010 – Highest return, lowest risk iron ore project in Australia – Modernisation and expansion of aluminium smelters in Canada • New agreement to manage the Oyu Tolgoi project • Majority interest
Slide 12: Product group results – Iron ore
Product group results For personal use only 2010 underlying earnings Iron ore – record performance US$10.1bn The Pilbara, Australia 11
Slide 13: Product group results – Aluminium
Product group results For personal use only 2010 underlying earnings Aluminium – return to profitability US$0.7bn ISAL smelter, Iceland 12
Slide 14: Product group results – Copper
Product group results For personal use only 2010 underlying earnings Copper – advancing growth projects US$2.5bn Kennecott Utah Copper, US 13
Slide 15: Product group results – Diamonds and Minerals
Product group results For personal use only 2010 underlying earnings Diamonds and Minerals – recovery in demand US$0.3bn Diavik Diamond Mine, Canada 14
Slide 16: Product group results – Energy
Product group results For personal use only 2010 underlying earnings Energy – boosted by higher volumes US$1.2bn Blair Athol, Australia 15
Slide 17: Focus on China relationship
Focus on China relationship For personal use only • Joint venture with Chalco for development of the Simandou iron ore project in Guinea • Memorandum of understanding with Chinalco to establish an exploration joint venture in China • Agreement to extend our Channar Mining joint venture in the Pilbar
Slide 18: Consistent strategy
Consistent strategy For personal use only • Large, long term, cost competitive tier 1 resources • Improved living standards will bring more demand but new challenges • Sustainable development is a competitive advantage • Striving to build a more diverse workforce QIT Madagascar Minerals, Madagascar
Slide 19: Our Mine of the Future
Our Mine of the Future™ For personal use only Advanced robotics and remote operations drive the Mine of the Future™ Autonomous Smart Autonomous Autonomous drilling blasting haulage trains 18
Slide 20: In conclusion
In conclusion For personal use only • Reinvigorated, running strongly and benefiting from favourable markets • Stronger balance sheet to invest in value adding growth and withstand volatility • Well positioned to be sector leading global mining and metals company Cape Lambert port, Australia 19
Slide 21: 2011 annual general meeting
2011 annual For personal use only general meeting Perth 5 May 2011
Slide 22: Resolution: Receipt of the 2010 Annual report
Resolution 1 For personal use only Receipt of the 2010 Annual report 21
Slide 23: Resolution: Approval of the Remuneration report
Resolution 2 For personal use only Approval of the Remuneration report 22
Slide 24: Resolutions 3-14: Re-election of directors
Resolutions 3-14 For personal use only Re-election of directors 23
Slide 25: Resolution: Election of Stephen Mayne
Resolution 15 For personal use only Election of Stephen Mayne 24
Slide 26: Resolution: Re-appointment and remuneration of auditors
Resolution 16 For personal use only Re-appointment and remuneration of auditors of Rio Tinto plc 25
Slide 27: Resolution: Amendments to the Performance Share Plan
Resolution 17 For personal use only Amendments to the Rules of the Performance Share Plan 26
Slide 28: Resolution: Renewal of share buyback authorities
Resolution 18 For personal use only Renewal of off-market and on-market share buyback authorities 27
Slide 29: 2011 annual general meeting
2011 annual For personal use only general meeting 5 May 2011