Anglo American Plc · LSE:AAL
Anglo American — Exane BNP Paribas European Seminar 2011
16 slides from Anglo American's conference presentation, Jun 9, 2011
Slide 1: Anglo American Plc Exane BNP Paribas European Seminar
ANGLO AMERICAN PLC EXANE BNP PARIBAS EUROPEAN SEMINAR 9 JUNE 2011, PARIS René Medori Finance Director
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Anglo American plc (“Anglo American”) and comprises the written materials/slides for a presentation concerning Anglo American. By attending this presentation and/or reviewing the slides, you agree to be bound by the following conditions. This present
Slide 3: Strong Performance From a Uniquely Diversified Portfolio
STRONG PERFORMANCE FROM A UNIQUELY DIVERSIFIED PORTFOLIO
Slide 4: Unique Diversification in Structurally Attractive Commodities
UNIQUE DIVERSIFICATION IN STRUCTURALLY ATTRACTIVE COMMODITIES Commodity diversification Chinese demand for our products Attributable earnings by Business Unit1 % China’s share of global consumption % PRECIOUS BULKS 62% 60% 15% 60% 47% 5% 9% 55% of our net assets 6% 22% 40% 38% 32% 26% 20% 9% 20% 37%
Slide 5: Delivering Strong Performance.. Solid Foundation for Growth
DELIVERING STRONG PERFORMANCE.. SOLID FOUNDATION FOR GROWTH Significant Asset Optimisation Metallurgical coal productivity Platinum productivity & Procurement benefit ROM (kt) per FTE at export mines m2 per operating employee per month AO +23% Procurement 7.1 $3.0bn +48% 6.3 8.8 5.7 7.9 2.2 6.0 $1.7
Slide 6: Improving Net Debt Position
IMPROVING NET DEBT POSITION Net cash inflows from Disposals 2010 & 2011 disposals1 Net debt and gearing Including: $11.0bn $11.3bn Moly-Cop and AltaSteel $1.0bn Australian undeveloped coal assets $0.5bn $7.4bn Tarmac European businesses2 $0.5bn Skorpion zinc mine $0.6bn Black Mountain $0.3bn Lisheen
Slide 7: Macro Economic Environment
MACRO ECONOMIC ENVIRONMENT
Slide 8: Long Term Economic Environment Supported by Developing Economies
LONG TERM ECONOMIC ENVIRONMENT SUPPORTED BY DEVELOPING ECONOMIES Middle Classes by region 2009 and 2030 Investment in infrastructure (US$ billion, constant 2005 prices and exchange rates) 1,000 900 2008 2030 800 700 600 500 400 300 200 100 0 1bn US Japan Germany UK China India Brazil GDP per capita
Slide 9: Chinese Urbanisation Is Set to Continue
CHINESE URBANISATION IS SET TO CONTINUE 2010 GDP per capita 2020 GDP per capita US$ 7,000 US$ 13,000 Heilongjiang Heilongjiang Jilin Jilin Inner Inner Mongolia Liaoning Mongolia Liaoning Xinjiang Xinjiang Huang River Huang River Beijing Beijing Tianjin Tianjin Hebei Hebei Shanxi Shanxi Qinghai Shand
Slide 10: Urbanisation Will Drive Early Phase Steel Demand Growth
URBANISATION WILL DRIVE EARLY PHASE STEEL DEMAND GROWTH Demographic steel intensity kg per capita 700 Japan 600 Germany Developed world 500 400 USA China 300 200 World 100 India 0 1997 2000 2005 2010 2015 10 Source: Anglo American
Slide 11: Platinum and Diamond Demand Will Grow as Economy Matures
PLATINUM AND DIAMOND DEMAND WILL GROW AS ECONOMY MATURES Chinese platinum jewellery demand DTC nominal price index 80% 1800 160 Diamond Demand Growth in 2010 150 US 7% 70% 1600 Japan 4% India 37% 140 60% 1400 China 26% Total 8% 130 Pt share global demand % 1200 DTC nominal price index 50% 120 Pt pri
Slide 12: Supply Consistently Under Delivers
SUPPLY CONSISTENTLY UNDER DELIVERS Copper industry production planned vs. actual Copper industry grade declines – a long term downward trend 20 2010 2010 planned Copper grade Cu % planned Mt Copper 15 2007 2010 actual actual 10 2008 2010 12 Source: Anglo American ,Brook Hunt A Wood Mackenzie Company
Slide 13: Well Positioned to Continue to Deliver Growth
WELL POSITIONED TO CONTINUE TO DELIVER GROWTH
Slide 14: Successful Delivery of Barro Alto Is Only the Beginning..
SUCCESSFUL DELIVERY OF BARRO ALTO IS ONLY THE BEGINNING.. Barro Alto Nickel, Los Bronces Copper, Kolomela Minas-Rio Brazil Brazil Chile Iron Ore, South Africa 45% complete 100% complete 92% complete 89% complete First Q1 2011 Q4 2011 H1 2012 H2 2013 Production • 41 ktpa first five yrs; 36 • 278 ktpa
Slide 15: Near Term Pipeline Will Increase Production by 50% to 2015
THE NEAR TERM PIPELINE WILL INCREASE PRODUCTION BY 50% TO 2015, WITH FURTHER VOLUME GROWTH BEYOND 100% 200 Selected projects Jacaré I, Morro Sem Boné 180 50% Michiquillay, Collahuasi Indexed production growth (2009 = 100) 160 Barro Alto 140 Various Platinum Los Bronces Quellaveco Projects 120 100 Ni
Slide 16: Thank You
AngloAmerican THANK YOU
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