Mineral Resources Limited · ASX:MIN
Mineral Resources — Shareholder Meeting (November 2008)
17 slides from Mineral Resources's shareholder meeting presentation, Nov 18, 2008
Slide 1: Chairman's Presentation 2008 Annual General Meeting
For personal use only An integrated supplier of goods and services to the Resources Sector CHAIRMAN’S PRESENTATION 2008 ANNUAL GENERAL MEETING Peter Wade Executive Chairman / Managing Director 18 November 2008
Slide 2: Group Structure
For personal use only GROUP STRUCTURE Board of Directors – Peter Wade (Executive Chairman & Managing Director) – Chris Ellison (Executive Director) – Joe Ricciardo (Non-Executive Director) – Mark Dutton (Non-Executive Director) Senior Management – Bob Gavranich (General Manager PIHA) – Steve Wyatt (
Slide 3: 2007/08 Performance
2007/08 PERFORMANCE For personal use only • Financial Performance • Operational Highlights
Slide 4: Financial Performance 2007/08
FINANCIAL PERFORMANCE 2007/08 For personal use only FY2008 FY2007 Change EARNINGS Revenue 245 149 65% NPAT 47 20 133% NPAT / Revenue 19% 14% EPS (cents per share) 39 17 129% Dividend (cents per share) 19.35 8.30 BALANCE SHEET Total Assets 224 158 42% Funds Employed 95 85 12% ROFE % [EBIT / Funds Emp
Slide 5: Operational Highlights 2007/08
OPERATIONAL HIGHLIGHTS 2007/08 For personal use only • World best practice safety record maintained • All sections of business performing ahead of budget • > 300,000 tonnes of manganese shipped • > 220,000 tonnes of iron ore shipped • 3 contract crushing operations extended by negotiation • Substant
Slide 6: Market & Company Projections 2008/9
MARKET & COMPANY PROJECTIONS 2008/9 For personal use only • Global financial crisis • Chinese market outlook • Impact of global financial crisis • MIN market outlook • MIN operations outlook
Slide 7: Global Financial Crisis
GLOBAL FINANCIAL CRISIS For personal use only • Global demand for commodities softens • Global GDP growth at risk • Substantial reduction in credit availability • Chinese economy not decoupled from global environment • Australian currency weakens against strong USD
Slide 8: Chinese Market Outlook
CHINESE MARKET OUTLOOK For personal use only • Chinese growth has softened from very high levels • IMF growth forecasts 9% GDP growth for 2009 • China Bureau of Statistics released third quarter growth at 9% • Chinese government has announced AUD$800 billion stimulus package over 2 year representing
Slide 9: Impact of Global Financial Crisis
IMPACT OF GLOBAL FINANCIAL CRISIS For personal use only • MIN has a proven business model, uniquely diversified operations, strong cash flows, and balance sheet to weather the turmoil • Confidence that BRIC nations will continue to drive strong resources demand • MIN share price weaker as a result o
Slide 10: MIN Market Outlook
MIN MARKET OUTLOOK For personal use only • The three major iron ore producers have announced reductions in iron ore tonnages • Softened market conditions for manganese and iron ore volumes and prices to recover progressively through FY2009 • Australian dollar weakness to continue • Bulk commodity sh
Slide 11: MIN Operations Outlook
MIN OPERATIONS OUTLOOK For personal use only • Contract crushing operations to maintain strong performance including extension of two existing contracts • Windimurra Vanadium plant operation to commence in FY2009 • PIHA opportunities in pipelining and polyethylene fitting manufacture to grow strongl
Slide 12: Financial Guidance
FINANCIAL GUIDANCE For personal use only • Board forecasts a range of profitability scenarios for 2008/09 • Net profit range of $32 million to $51 million • Board will continue to keep markets informed • Forecasts are influenced by: • Quantum of mineral sales for balance of financial year • Credit a
Slide 13: West Angelas Crushing Plant
For personal use only West Angelas Crushing Plant
Slide 14: Windimurra Plant: Cross-country water pipeline
For personal use only Windimurra Plant Cross-country water pipeline
Slide 15: Windimurra Plant: Winning of HBI fines
For personal use only Windimurra Plant Winning of HBI fines
Slide 16: Windimurra Plant
For personal use only Windimurra Plant
Slide 17: Windimurra Plant
For personal use only Windimurra Plant
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