Iluka Resources Limited · ASX:ILU
Iluka Resources — Investor Presentation (July 2009)
37 slides from Iluka Resources's investor presentation, July 2009
Slide 1: The China Zircon Market and Iluka
Iluka Resources Limited 艾璐卡资源有限公司 The China Zircon Market and Iluka (Customer Presentation, China) 中国锆英砂市场与艾璐卡公司 July 2009 2009年7月 Stephen Hay, Sales and Marketing Manager – China For further information, visit Iluka’s website www.iluka.com 如需了解更多的信息,请参见艾璐卡公司的网站 www.iluka.com
Slide 2: China and Global Zircon Consumption
China and Global Zircon Consumption 中国与全球锆英砂的消耗量 2
Slide 3: Zircon End Use: Global v China
Zircon End Use: Global v China 锆英砂最终用户:全球与中国 Chinese zircon consumption is more heavily weighted towards Zirconia and Zirconium Chemical relative to Global consumption 与全球消耗量相比,中国的锆英砂消耗量中氧化锆和锆化学产品比重大得多 Global Zircon Segments 2008 China Zircon Segments 2008 2008全球锆英砂用途 2008中国锆英砂用途 TV Glass 电视玻壳 Zirco
Slide 4: Chinese Share of Global Zircon Consumption
Chinese Share of Global Zircon Consumption 中国在全球锆英砂消耗量中的比例 China has grown from approximately 16% of global zircon consumption in 1998 to more than 30% in 2008 中国在全球锆英砂用量中的比例从1998年约16%发展到2008年超过30% Global and Chinese Zircon Consumption '000 tonnes 全球和中国锆英砂消耗量 1400 35% 1200 30% 1000 25% 800 20% 600 1
Slide 5: China Ceramic Tiles Growth
China Ceramic Tiles Growth 中国瓷砖业的发展 By the end of 2007 China accounted for 40% of global ceramic tile production 2007年底中国瓷砖产量占世界产量的40% TZMI estimate that in 2007 only 40% of tile production in China was medium to high quality but that this percentage would certainly grow at an increasing rate to 201
Slide 6: Iluka's Position In China
Iluka’s Position In China 艾璐卡公司在中国市场的地位 6
Slide 7: Iluka's Global Zircon Sales
Iluka’s Global Zircon Sales 艾璐卡全球锆英砂销售情况 In 2008 China jumped to nearly 40% of Iluka’s global zircon sales 2008年,艾璐卡在中国的销量与艾璐卡全球销量相比,猛升到近40% Iluka Zircon Sales to China % of Iluka mt 艾璐卡在中国的销量 Sales 600000 40% 35% 500000 30% 400000 25% 300000 20% 15% 200000 10% 100000 5% 0 0% 2004 2005 2006 2007 200
Slide 8: Iluka's Zircon Market Share
Iluka’s Zircon Market Share 艾璐卡在锆英砂市场上的份额 Iluka is the world’s largest zircon supplier with over 35% global market share Iluka jumped to more than 40% market share in China in 2008 艾璐卡公司是世界上最大的锆英砂供应商,在世界市场上有超过35%的份额. 2008年艾璐卡在中国市场上的份额超过40% Iluka China Zircon Market Share v Iluka Global Zircon Market
Slide 9: Iluka's Zircon Sales to China
Iluka’s Zircon Sales to China 艾璐卡锆英砂在中国的销售情况 • Iluka’s sales in China are closely balanced to the proportion of consumption represented by each market segment • 艾璐卡在中国的销量情况,与各行业部分消耗量比率相类似 • Iluka’s sales are well weighted in China towards the higher growth market segments • 中国各行业市场的增长,使艾璐卡在中国销量加大 Il
Slide 10: China Zircon Market in 2009
China Zircon Market in 2009 2009年中国的锆英砂市场 10
Slide 11: 2000 – 2008 Global Supply and Demand
2000 – 2008 Global Supply and Demand 2000年-2008年 全球供应与需求 Zircon shortage since 2003 turned to surplus by 2007 锆英砂供不应求局面从2003年开始,到2007年转变为供大于求 Decline in production from major producers and Indonesia resulted in the zircon market falling into short supply through the course of 2008 在2008年,由于主
Slide 12: China Zircon Market 2008
China Zircon Market 2008 2008年中国锆英砂市场 DEMAND 需求方面 • Zircon demand in first three quarters of 2008 very strong • 2008年前三季度对锆砂需求非常强劲 • Q3, 2008: Zircon consumption reached ~ 40kt/month • 2008年3季度:锆砂消耗量达到每月4万吨 • Q4, 2008: Zircon consumption dropped to ~ 20kt/month • 2008年4季度:锆砂消耗量下降到每月2万吨 • Actual zirc
Slide 13: China Zircon Market 2009
China Zircon Market 2009 2009年中国锆砂市场 DEMAND 需求方面 • Jan + Feb ~ 20-25kt/month consumption 1月,2月每月消耗量在2万-2.5万吨 • Mar + Apr ~ 30kt/month consumption 3月,4月每月消耗量在3万吨 • May + Jun ~ 35kt/month consumption 5月,6月每月消耗量在3.5万吨 • Total H1, 2009 consumption ~ 170-180kt 2009年上半年总的消耗量为17万-18万吨 • Expect H2, 2009 to
Slide 14: China Zircon Demand Strengthening
China Zircon Demand Strengthening 中国锆砂需求正在加强 • The Chinese government stimulus package is producing rapid results in infrastructure and property construction • 中国政府的一揽子经济刺激计划正在基础设施建设及房地产建设 上产生非常快速的效果 • The China Purchasing Manager’s Index (PMI) has been above 50 points since March 2009 • 中国采购经理指数(PM
Slide 15: 2009 China Zircon Imports Comparison
2009 China Zircon Imports Comparison 2009年中国锆英砂进口对照 • 每月中国进口数量对照 Monthly China Import Comparison • China zircon stocks at low levels by 国进数对 May 2009 tonnes • 到09年5月,中国锆砂库存水平非常低 500,000 • Chinese domestic demand improving 450,000 since March 2009 400,000 • 从2009年3月以来中国国内的需求有 350,000 所增加 300,000 • Re
Slide 16: 2009 Supply Status
2009 Supply Status 2009年供应形势 There are signals that the zircon market in 2009 will grow increasingly tight: 以下几个信号显示2009年锆砂市场供应将会逐渐紧张 • Low stock position and production of major suppliers: 200,000 tonnes less zircon available to sell from Iluka alone in 2009 compared with 2008. • 主要生产商的低库存与低产量:与200
Slide 17: Iluka's Zircon Production
Iluka’s Zircon Production 艾璐卡锆英砂产量 Declining production from Iluka’s traditional orebodies will be off-set from new production at Murray Basin and then Eucla 艾璐卡传统开采矿区的矿体减少导致产量下降,但这个下降会被默里盆地和尤克拉盆地新的生产量来弥补 Total Iluka Zircon Production 艾璐卡锆英砂总产量 '000 tonnes 600 500 400 Zircon production from 300 Eucl
Slide 18: Indonesia Zircon Supply
Indonesia Zircon Supply 印尼锆砂供应 Indonesia zircon supply remains constrained by resource depletion and increased government control of mining activity 印尼砂供应仍然有限,是因为资源枯竭及政府增加对采矿行为的控制 Tonnes ('000) Chinese Zircon Imports from Indonesia 16 14 12 10 8 6 4 2 - Nov Jan Jun Jul Mar Apr Feb Aug Sep Oct May De
Slide 19: 2009 China Summary
2009 China Summary 2009年中国市场的概要情况 • Slow zircon sales in Jan – Apr due to high stocks and low consumption • 1月到4月锆砂销售缓慢主要是由于库存水平较高及消耗量的减少 • Consumption growing significantly since March 2009 • 从2009年3月开始,消耗量开始显著的增加 • Limited supply causing tightness in China zircon market and increasing prices: 有限的供
Slide 20: Beyond 2009
Beyond 2009 20094 Z/a 20
Slide 21: Recovery in the global economy to increase zircon demand
2010 • Recovery in the global economy to increase zircon demand significantly above 2009 levels • 全球经济的恢复对锆砂的需求大大超过2009年的水平 Drivers of past strong zircon demand remain the same for the future including: 过去影响对锆砂强劲需求的因素仍会在将来发挥作用,包括: • Improved standard of living in developing countries • 发展中国家对于居住标准的改
Slide 22: China's Urban Residential Floor Space
China’s Urban Residential Floor Space Massive Growth Forecast – Infrastructure Build & Urbanisation 中国城市住宅楼层空间 预测有巨大的增长-基础设施及城市化 • (Billions of Square Metres) 10亿平方米 • 35 • 33 • 30 • 24 • 25 • 20 • 18 • 15 • 9 • 10 • 5 • 0 • 2000 • 2008 • 2015 • 2025 Source: McKinsey & Co; BHP Billiton estimates 22
Slide 23: Future Zircon Supply
Future Zircon Supply 未来锆砂供应 • Limited zircon supply from existing sources will maintain tightness in the global market post 2009 2009年之后,现有的供应资源仍很有限,全球市场仍非常紧张 • Iluka investing heavily in major new zircon production to meet the future demand of the global industry into the long term • 从长远来看,艾璐卡在新锆砂生
Slide 24: Iluka Operations & Projects
Iluka Operations & Projects 艾璐卡公司的工厂及工程 Darwin Northern Territory Queensland Western Australia Brisbane Mid West South 中西工厂 Australia New South Perth Wales Adelaide Sydney Canberra South West Eucla Basin Victoria 西南工厂 尤克拉盆地 Melbourne Murray Basin 默里盆地 Hobart Iluka’s major new zircon projects 24 艾璐卡的
Slide 25: Murray Basin Stage 2
Murray Basin Stage 2 默里盆地二期 Physical Characteristics 自然特性 Mineral Resources 矿物资源 47.8 million tonnes of heavy mineral (HM) 4千7百80万矿重矿物资源 Ore Reserves 矿石储量 8.7 million tonnes of HM 8百70万吨重矿物 Average Ore Reserve HM Grade 20.6% 平均矿石重矿物级别 Average HM Assemblage 15% rutile 金红石 平均重矿物比重 11% zircon 锆英砂 Plann
Slide 26: Murray Basin Stage 2
Murray Basin Stage 2 默里盆地2期 26
Slide 27: Murray Basin Stage 2
Murray Basin Stage 2 默里盆地二期 27
Slide 28: Jacinth – Ambrosia (Eucla) Summary Physical Characteristics
Jacinth – Ambrosia (Eucla) 杰森斯-安不罗萨(尤克拉盆地) Summary Physical Characteristics 自然特性概要 Mineral Resources 矿物资源 9.5 million tonnes of HM 9百50万吨重矿物 Ore Reserves 矿石储备 6.4 million tonnes of HM 6百40万重矿物 Avg Ore Reserve HM Grade 6.5% 矿石平均重矿物级别 Avg HM Assemblage 50% zircon 锆砂 平均重矿物比重 28% ilmenite 钛铁矿 5% rutile
Slide 29: Regional Geology
Regional Geology X Sah Sth 5 EBL 29
Slide 30: Development Overview: Scope of Project
Development Overview 发展综述 Scope of Project 项目范围 30
Slide 31: Test Pit
Test Pit 勘探坑 • Test pit successfully excavated • 成功的挖掘勘探坑 • 200 thousand cubic metres • 20万立方米 • Confirms assumptions regarding trafficability and geotechnical characteristics of overburden and ore • 浮土覆盖层的车辆通过能力及地 质特性得到确认 31
Slide 32: Development Overview: Wet Concentrator Plant
Development Overview 发展综述 Wet Concentrator Plant 湿式富集器工厂 MC2 concentrator relocated from Georgia 从美国佐治亚运来MC2 富集器 • Refurbishment complete • 重新整修完毕 • Being transported and erected on site • 经过运输,现场竖立 • Capacity ~1000t per hour of sand feed • 生产能力-每小时1000吨砂原料 • Capacity to produce 120t Heavy Mineral C
Slide 33: Development Overview: Water
Development Overview 发展综述 Water 水力 • Hyper saline water to be drawn from paleochannel • 从古河床运输盐水 • Paleochannel aquifer is distinct from Eucla Basin • 古河床地下含水层在尤克拉盆地很明显 ¾ remote from Nullabor Cave system ¾ 离Nullabor Cave系统很远 • No groundwater dependent ecosystems associated with J-A water supply sour
Slide 34: Development Overview: Transportation
Development Overview 发展综述 Transportation 交通运输 • HMC transported 270km by road to Port Thevenard • 经过270公里公路运输,重矿物被运至THEVENARD • 40,000 tonnes storage facility at Port Thevenard to be established • 在THEVENARD已建立可储存4万吨的设施 34
Slide 35: Iluka and China
Iluka and China 艾璐卡与中国 35
Slide 36: Importance of China to Iluka
Importance of China to Iluka 中国市场对艾璐卡公司的重要性 • China represented more than 22% of Iluka’s total revenue in 2008: Iluka’s biggest single market • 2008年超过22%艾璐卡总收入来自于中国,是艾璐卡最大的单一市场 • China represents more than 30% of global zircon consumption and will continue to grow more rapidly than other zircon mar
Slide 37: Importance of China to Iluka
Importance of China to Iluka 中国市场对艾璐卡公司的重要性 • Use of strategic mainland warehousing locations to better service customers • 使用战略性的中国大陆仓储位置来更好的服务客户 • Firm plans to expand Iluka’s presence in China • 稳固的扩展艾璐卡在中国的业务 • Continued focus on improving our service to the Chinese market: reliability, convenie