The year in review

1
(No Transcript)
2
(No Transcript)
3
The year in review

• Operating profit before abnormal items
• Consolidated 129.5 million
• MIMs Share 111.8 million
• a 150m turnaround from last year
• Net profit after outside equity interests was
  166.6m
• Dividend 3.25 cents per share (partly
  franked)

4
The year in review

• Record production performances
• Increased sales revenue
• Improved cashflow
• Capital expenditure reduced
• Debt and gearing lower

5
Financial summary
MIMs Share (AM)
6
Earnings reconciliation
MIMs Share (AM)
Year ending 30 June
7
Price, cost and volume effect
MIMs Share (AM)
Year ending 30 June
8
Earnings reconciliation
MIMs Share (AM)
Year ending 30 June
8
9
Capital expenditure reduced
MIMs Share (AM)
Year ending 30 June
10
Gearing
MIMs Share ()
debt / (debt tangible net worth)
Year ending 30 June
11
Operations
P R E S E N T E D B Y
Vince Gauci Group Executive Operations 28 August
2000
12
Operations overview

• Record production performances
• Mount Isa copper smelter and Townsville
  refinery
• Oaky Creek coal
• McArthur River zinc-lead
• Ravenswood gold
• Offset by disappointments
• Alumbrera copper-gold
• Avonmouth zinc smelter/refinery
• Major projects
• Enterprise copper mine ore handling system
  commissioned
• Acid plant gas handling project commissioned
• George Fisher zinc-lead mine development
  well advanced

13
Unit costs group copper production
(US/lb)
Year ending 30 June
14
Mount Isa Copper
Year ending 30 June
15
Mount Isa Copper, reducing unit costs
(US/lb)
Year ending 30 June
16
Ernest Henry - MIM 51
EBIT (AM)
Year ending 30 June
17
Alumbrera - MIM 50
EBIT (AM)
Year ending 30 June
18
Alumbrera mill utilisation ()
18
19
Unit costs Alumbrera MIM 50
(US/lb)
Increased depreciation and lower production
Year ending 30 June
20
Unit costs group zinc mine production
(US/lb)
Includes increased treatment charges
Year ending 30 June
21
Zinc-lead-silver
EBIT (AM)
Year ending 30 June
22
Europe
EBIT (AM)
Year ending 30 June
23
Lower group coal unit costs
(A/t)
Year ending 30 June
24
Coal operations - MIM 75
EBIT (AM)
Year ending 30 June
25
EBIT reconciliation, coal (MIM 75)
MIM Share (AM)
Year ending 30 June
25
26
(No Transcript)
27
Outlook

• Focussing on gains in productivity and
  improving costs,
• Organic growth - Enterprise and George Fisher
• Increase Mount Isas copper smelter output
• Increase zinc and lead output from Mount Isa
• Increase zinc concentrate output from McArthur
  River
• Further improve coal productivity and costs
• Continue with actions to lift Alumbrera
  operating performance
• Continue work on improving plant reliability
  at Avonmouth

28
Outlook

• Major project capital expenditure for FY2001
  will be maintained at the FY2000 level as
  Enterpise and George Fisher development is
  concluded
• Reducing debt
• Improving shareholder returns
• Future growth in copper, copper-gold and coking
  coal through organic growth, exploration and
  acquisition