Glencore Plc · LSE:GLEN
Glencore — FY2011 Earnings Presentation
7 slides from Glencore's earnings presentation, Feb 7, 2012
Slide 1: Trading Update Presentation
Trading Update Presentation 7 February 2012
Slide 2: FY 2011 Highlights
FY 2011 Highlights Solid underlying profit growth highlighting the diversity and growth in Glencore’s businesses – Adjusted EBIT up 2% to $5.4bn (Industrial up 18%, Marketing up >10% ex Agriculture) – Net income(1) up 7% to $4.1bn Strong operating cash flow of $3.5bn(2) up 6% YoY Robust balance shee
Slide 3: Steven Kalmin, Chief Financial Officer
Steven Kalmin Chief Financial Officer I 2
Slide 4: Financial Performance – Marketing
FY 2011 Financial Performance – Marketing Adjusted EBIT FY 2011 vs FY 2010 Strong underlying profitability in marketing business against a (US$ m) generally challenging market backdrop(1) 2,800 2,337 Metals and Minerals 659 -18% Delivered consistent results over the course of 2011 with 1,911 2,000 a
Slide 5: Financial Performance – Industrial
FY 2011 Financial Performance – Industrial Adjusted EBIT FY 2011 vs FY 2010 Key industrial growth products remain overall on track and (US$ m) within budget 4,000 3,487 Metals and Minerals 2,953 +18% 3,200 EBIT performance increased by 17% compared to 2010 1,893 driven by: 2,400 1,729 - Higher avera
Slide 6: Key Financial Highlights
Key Financial Highlights US$ m FY 2011 FY 2010 % Change Revenue 186,152 144,978 28% (1) Adjusted EBITDA 6,464 6,201 4% (2) Adjusted EBIT 5,398 5,290 2% (3) Glencore net income 4,060 3,799 7% (4) Funds from operations (FFO) 3,522 3,333 6% Net debt 12,938 14,756 -12% FFO to Net debt 27.2% 22.6% 20% (1
Slide 7: Q&A
Q&A GLENCORE | 6