BHP Billiton
Company Overview
Market Cap. on 22/08/03 (US$Bn)
10
0
Source: Datastream
Gold Fields
Amplats
Anglogold
Norilsk
Xstrata
Impala
Placer Dome
5
Barrick
Alumina
Freeport
Phelps Dodge
Pechiney
Anglo American
40
Inco
15
Alcan
20
CVRD
25
Newmont
30
Alcoa
35
Rio Tinto
45
BHPB
The largest company in a consolidating sector
Market value of minerals industry US$306 bn
Value of Top Five
US$141 bn
Value of BHP Billiton
US$ 42 bn
With outstanding assets in each CSG
Petroleum
Oil
Gas
LNG
Energy Coal
Operations in Sth
Africa, Australia,
US, Colombia
Base Metals
Copper
Zinc
Lead
CSM
Iron Ore, Coking
Coal, Manganese,
Boodarie Iron
Operating Excellence
and Technical
Capability
SSM
Nickel
Chrome
D&SP
Diamonds
RBM
Integris
Aluminium
Alumina
Aluminium
Deep inventory of projects
BROWNFIELD
Broadmeadow
Cerrejon Exp’n
Mount
Mount
Arthur
Arthur North
North
WAIO Acc Exp’n
GoM Infrastr.
Dendrobium
PACE
PACE
Hillside
Hillside 33
Klipspruit
NWS
NWS
4th
4th Train
Train
Area
Area CC
CY2003
2004
Esc’da
Esc’da
Norte
Norte
Esc’da
Esc’da
Sulphide
Sulphide
Paranam
2006
2005
ROD
ROD
Mad
Mad
Dog
Dog
Ohanet
Ohanet
Angostura
Minerva
GREENFIELD
As at 28 August 2003
Size of bubble indicates
proposed capital expenditure; bold outer
border signifies sanctioned project
$$US
US
200m
200m
Yabulu
Yabulu
R’thorpe
R’thorpe
Spence
Spence
2007
Atlantis
Atlantis
Aluminium
Base Metals
Carbon Steel
Energy Coal
Nickel
Petroleum
Customer focussed marketing
Strategy, Corporate Governance
Portfolio composition, M&A
Corporate
Centralised Marketing
Function
Marketing
The
Hague
Singapore
CUSTOMER SECTOR GROUPS – the business units
Aluminium
Base
Metals
Carbon
Steel
Materials
Diamonds
Specialty
Products
Energy
Coal
Petroleum
Stainless
Steel
Materials
A global footprint
Petroleum
Aluminium
Base Metals
Carbon Steel Materials
Diamonds & Spec Prod
Energy Coal
Stainless Steel Materials
Outstanding diversification – stable cash flows
By Commodity
Carbon Steel Materials
Customer Sector Group EBIT:
Petroleum
4%
8%
10%
15%
Energy Coal
Aluminium
27%
Diamonds & Spec. Prod.
Base Metals
31%
5%
Stainless Steel Materials
South America
9%
By Geography
Australia
7%
30%
21%
Southern Africa
North America
33%
Rest of World
Net Operating Assets:
By Market
Sales:
10%
Europe
Other Asia
10%
32%
14%
14%
20%
North America
Japan
Rest of World
Australia
Data for year ended 30 June 2003
Results highlights –year ended 30 June
2003
2002
% Change
Turnover(1)
17,506
15,228
+15.0
EBITDA(1)(2)
5,129
4,697
+9.2
EBIT(1)(2)
3,481
3,102
+12.2
Attrib profit (1)(2)
1,920
1,866
+2.9
(19)
(244)
Attrib profit (incl exceptionals)
1,901
1,622
+17.2
Available cash flow (1)
3,590
3,600
-0.3
EPS (US cents)(1)(2)
30.9
31.0
-0.3
EBITDA interest cover (times)(1)(2)
12.7
10.9
+16.5
Dividends per share (US cents)
14.5
13.0
+11.5
(US$M)
Exceptional items
(1)
(2)
From continuing operations and including share of joint ventures and associates.
Excluding exceptional items.
Stainless Steel Materials
• World’s fourth largest primary nickel producer and a market leading
producer of ferrochrome
• Primary nickel assets are the Cerro Matoso mine and smelter in
Colombia, and the Yabulu refinery in Queensland, Australia
• 60% share in ferrochrome producer Samancor, with two mining
centres and three integrated ferrochrome plants in South Africa
• Vision is to be the leading integrated supplier of raw materials to
the stainless steel industry
Stainless Steel Materials – Facts & Figures
FY 2003
• Attributable production
•Nickel
78 thousand tonnes
•Chrome ores
2 826 thousand tonnes
•Ferrochrome
990 thousand tonnes
• Turnover
US$1 106 million
• EBITDA
US$246 million
• EBIT
US$150 million
• Net operating assets
US$1 695 million
• Capital and investment expenditure US$121 million
BHP Billiton in Colombia
•
•
•
•
More than 20 years in Colombia
Investments during the last 5 years:
Direct employees
Exports from Colombia (2002)
USD 1,215,000,000
4850
USD 885,788,000