Slide 1: 2011 annual general meeting
2011 annual general meeting London 14 April 2011
Slide 2: Jan du Plessis, Chairman
Jan du Plessis Chairman Kennecott Utah Copper, US
Slide 3: Directors not standing for re-election
Directors not standing for re-election 1 Yves Fortier 2 Sir Rod Eddington 3
Slide 4: Highlights of 2010
Highlights of 2010 • 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 5: Our strategy
Our strategy • 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 6: Commitment to sustainability
Commitment to sustainability • Licence to operate • Long term economic benefits • Environmental and social considerations 6
Slide 7: Outlook
Outlook • Business resilience • Volatile financial markets with persistent global imbalances • Unprecedented sector growth • Long term growth fundamentals are strong Shenzhen, China 7
Slide 8: In conclusion
In conclusion • Outstanding year with excellent results • Prudent balance sheet management • Strong foundations for future growth Oyu Tolgoi construction site, Mongolia 8
Slide 9: Tom Albanese, Chief Executive
Tom Albanese Chief Executive
Slide 10: Continued improvement in safety
Continued improvement in safety Decline in injury frequency rates 2002–2010 Per 200,000 hours worked 10
Slide 11: Growth is back on the agenda
Growth is back on the agenda • 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 in Riversdale Iron ore
Slide 12: Product group results: Iron ore
Product group results 2010 underlying earnings Iron ore – record performance US$10.1bn The Pilbara, Australia 12
Slide 13: Product group results: Aluminium
Product group results 2010 underlying earnings Aluminium – return to profitability US$0.7bn ISAL smelter, Iceland 13
Slide 14: Product group results: Copper
Product group results 2010 underlying earnings Copper – advancing growth projects US$2.5bn Kennecott Utah Copper, US 14
Slide 15: Product group results: Diamonds and Minerals
Product group results 2010 underlying earnings Diamonds and Minerals – recovery in demand US$0.3bn Diavik Diamond Mine, Canada 15
Slide 16: Product group results: Energy
Product group results 2010 underlying earnings Energy – boosted by strong demand US$1.2bn Blair Athol, Australia 16
Slide 17: Focus on China relationship
Focus on China relationship • 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 Pilbara Channar JV, the Pilb
Slide 18: Consistent strategy
Consistent strategy • 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 18
Slide 19: Our Mine of the Future
Our Mine of the Future™ Advanced robotics and remote operations drive the Mine of the Future™ Autonomous Smart Autonomous Autonomous drilling blasting haulage trains 19
Slide 20: In conclusion
In conclusion • 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 20
Slide 21: 2011 annual general meeting
2011 annual general meeting London 14 April 2011
Slide 22: Resolution 1: Receipt of the 2010 Annual report
Resolution 1 Receipt of the 2010 Annual report 22
Slide 23: 2011 annual general meeting
2011 annual general meeting London 14 April 2011
Slide 24: Resolution 2: Approval of the Remuneration report
Resolution 2 Approval of the Remuneration report 24
Slide 25: Resolutions 3-14: Re-election of directors
Resolutions 3-14 Re-election of directors 25
Slide 26: Resolution 15: Election of Stephen Mayne
Resolution 15 Election of Stephen Mayne as a director 26
Slide 27: Resolution 16: Auditors
Resolution 16 Re-appointment and remuneration of auditors 27
Slide 28: Resolution 17: Performance Share Plan amendments
Resolution 17 Amendments to the Rules of the Performance Share Plan 28
Slide 29: Resolution 18: Share Ownership Plan
Resolution 18 Renewal of and amendments to the Share Ownership Plan 29
Slide 30: Resolution 19: Authority to allot shares
Resolution 19 General authority to allot shares 30
Slide 31: Resolution 20: Disapplication of pre-emption rights
Resolution 20 Disapplication of pre-emption rights 31
Slide 32: Resolution 21: Authority to purchase shares
Resolution 21 Authority to purchase Rio Tinto plc shares 32
Slide 33: Resolution 22: Notice period for general meetings
Resolution 22 Notice period for general meetings other than annual general meetings 33
Slide 34: 2011 annual general meeting
2011 annual general meeting 14 April 2011
Slide 35: 2011 annual general meeting
2011 annual general meeting 14 April 2011
Slide 36: 2011 annual general meeting
2011 annual general meeting 14 April 2011