Slide 1: Driving value and returns
Driving value and returns 10 May 2016 Andrew Mackenzie Chief Executive Officer Escondida Spence Western Australia Iron Ore
Slide 2: Disclaimer
Disclaimer Forward-looking statements This presentation contains forward-looking statements, including statements regarding: trends in commodity prices and currency exchange rates; demand for commodities; plans, strategies and objectives of management; closure or divestment of certain operations or
Slide 3: Right strategic settings for the new era
Right strategic settings for the new era With firm foundations in place… asset quality and balance sheet strength provide resilience new dividend provides flexibility rising free cash flow provides optionality capital allocation framework provides discipline …we can focus on value creation and growi
Slide 4: Driving value and returns
Driving value and returns Pursuing a broad suite of existing opportunities with the potential to grow the base value of our operations by ~70% cost and volume productivity supports >15% value uplift latent capacity options equate to >10% of current production1,2 continued reduction in Onshore US bre
Slide 5: Relentless pursuit of sustainable productivity
Cost efficiencies Latent capacity Onshore US Growth projects Exploration Technology Relentless pursuit of sustainable productivity US$10 billion productivity gains embedded from FY12 to FY15 additional underlying gains of ~US$3.6 billion expected by end FY171 (or US$2.2 billion including the Escondi
Slide 6: Latent capacity offers value and returns
Cost efficiencies Latent capacity Onshore US Growth projects Exploration Technology Latent capacity offers value and returns Compelling latent capacity opportunities 1 Mt of copper equivalent volumes for aggregate capital expenditure of ~US$1.5 billion1 average returns ~60%2 equivalent to >10% of cu
Slide 7: Onshore US well placed as prices recover
Cost efficiencies Latent capacity Onshore US Growth projects Exploration Technology Onshore US well placed as prices recover Potential to access ~1,400 net liquids-rich wells at <US$60/bbl1 remaining core acreage in Black Hawk majority of Upper Wolfcamp in Permian condensate-rich areas in Hawkville
Slide 8: Growth portfolio timed for value and returns
Cost efficiencies Latent capacity Onshore US Growth projects Exploration Technology Growth portfolio timed for value and returns Our growth projects will further support value creation aggregate unrisked value of ~US$25 billion1,2 average returns >15%2,3 security of tenure provides timing optionalit
Slide 9: Most significant exploration program in years
Cost efficiencies Latent capacity Onshore US Growth projects Exploration Technology Most significant exploration program in years Counter-cyclically securing additional acreage and rigs US$600-700 million annual Petroleum program from FY16 to FY18 liquids opportunities with high working interest and
Slide 10: Harnessing the power of technology
Cost efficiencies Latent capacity Onshore US Growth projects Exploration Technology Harnessing the power of technology Technology investment to unlock resource and lower costs A broad range of opportunities across the portfolio deploying >20 autonomous blasthole drills at WAIO UAV deployed and IROC
Slide 11: Right strategic settings for the new era
Right strategic settings for the new era With firm foundations in place… asset quality and balance sheet strength provide resilience new dividend provides flexibility rising free cash flow provides optionality capital allocation framework provides discipline …we can focus on value creation and growi
Slide 12: Signatures
bhpbilliton SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BHP Billiton Limited and BHP Billiton Plc Date: May 10, 2016 By: /s/ Rachel Agnew Name: Rac