Glencore Plc · LSE:GLEN
Glencore — Glencore Xstrata — Shareholder Meeting (May 2013)
9 slides from Glencore's shareholder meeting presentation, May 16, 2013
Slide 1: Annual General Meeting
Annual General Meeting 16 May 2013
Slide 2: Glencore Xstrata
Glencore Xstrata • Management team with strong track record of value creation based on ownership mentality • Strong near-term growth from brownfield projects and recent M&A activity • Naturally defensive profile, and most diversified major by commodity and geography • Capital-efficient business mode
Slide 3: Where we operate
Where we operate • We employ approximately 190,000 people* • The Group’s industrial and marketing activities are supported by a global network of more than 90 offices in over 50 countries • Our operations comprise over 150 mining and metallurgical sites, offshore oil production, farms and agricultur
Slide 4: Clear leadership and reporting lines in place
Clear leadership and reporting lines in place Experienced management team with a proven track record of value creation Our management structure CEO Ivan Glasenberg CFO Asset Integration Steven Kalmin Advisor Peter Coates Metals & Minerals Energy Agriculture Copper Zinc Aluminium Ferroalloys Nickel I
Slide 5: Most diversified major by commodity
Most diversified major by commodity (By 2012 EBIT) BHP: Copper 33% Oil 26% Zinc 15% Copper/Zinc 20% Nickel 1% Iron Ore 54% (2) Coal 25% Coal 3% Oil 5% Corp and other (3%) Marketing metals 17% Marketing energy 5% Marketing agri 5% Corp and other (6%) Rio Tinto: Anglo American (1) Iron Ore 81% Iron Or
Slide 6: How does Glencore find the best investment opportunities?
How does Glencore find the best investment opportunities? • Trusted relationships with over 7,000 suppliers and customers • existing supply and credit relationships • Glencore often first call for any investment opportunities • Marketing activities and relationships provides unique insight • market
Slide 7: Excess capital will be returned to shareholders
Excess capital will be returned to shareholders • Management are uniquely aligned with shareholders • Glencore returned $8bn to shareholders in 1992-2011 while private • Marginal preference for dividends as return mechanism • no reduction of trading liquidity • tax efficient from company perspective
Slide 8: Our values
Our values • Entrepreneurialism • Our approach fosters the highest level of professionalism, personal ownership and entrepreneurial spirit in all our employees while never compromising on the safety and well-being of our people. This is important to our success and the superior returns we aim to ach
Slide 9: Q&A
Q&A