Freeport-McMoRan, Inc. · NYSE:FCX
Freeport-McMoRan — Freeport-McMoRan Copper & Gold — Investor Presentation (November 2002)
9 slides from Freeport-McMoRan's investor presentation, Nov 13, 2002
Slide 1: Securities Analysts Meeting
Securities Analysts Meeting November 13, 2002 New Orleans, Louisiana 1
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking information regarding sales and production volumes, cash production costs, general and administrative expenses, cash flows, capital expenditures, exploration and development projects, debt reductions, proved mineral reserves, geological
Slide 3: James R. Moffett, Chairman & CEO
James R. Moffett Chairman & CEO 3
Slide 4: Investment Highlights
Investment Highlights ¾ Asset Values are Real, Significant and Measurable ¾ Leading Industry Position ¾ Superior Operating Profile with Highly Prospective Acreage Position ¾ Significant Free Cash Flow Generator ¾ Large Valuation Discount – Indonesian Risk is Overstated ¾ Successful Management Track
Slide 5: Corporate Structure
Corporate Structure FCX FCX 91% 100% 100% Atlantic Copper PT-FI PT-FI Eastern Eastern Atlantic Atlantic Mining Mining Copper Copper Copper & Gold - Copper Mine/Mill Mineral Exploration Smelter/Refinery Operations Mineral Exploration PT-FI 25% Eastern Mining PT PT Smelting Smelting PT Smelting Copper
Slide 6: 6
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Slide 7: Major Copper & Gold Operations
Major Copper & Gold Operations Canada United States Africa Peru Argentina Chile South Africa Australia Copper Gold 7
Slide 8: Political Risk – Perception vs. Reality
Political Risk – Perception vs. Reality “All in our industry know that when the Creator formed the world, the really good mineral deposits somehow got scattered into geographies that the major capital markets view as risky. And as the old geologist said: ‘If you want to hunt elephants, you must go t
Slide 9: Indonesia
Indonesia Aceh Papua Su m Kalimantan at ra Sulawesi Grasberg Jakarta Ambon Java Bali Surabaya Approximate Scale (miles) 2,000 1,500 0 9
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