2012 FINANCIAL HIGHLIGHTS
o Group EBITDA (excluding special items) of $1,912 million impacted by lower commodity prices, rising industry costs and lower sales volumes of copper products
$1,364 million from own operations, joint venture and discontinued operations
$548 million contribution from ENRC
o Net unit cost of 174 USc/lb
Within the range set at the start of 2012
Cost management from copper operations a key focus in 2013
o Underlying Profit for the year of $492 million
Impacted by charge for disability benefits obligation of $207 million
Includes $127 million contribution from ENRC
EPS of $0.94 based on Underlying Profit
o Impairment charge of $2,223 million on holding in ENRC
Carrying value reduced to $2,027 million, equivalent to 375 pence per share
Holding has a market value of $1,367 million as at 25 March 2013
o Net debt of $707 million
Net debt increasing with development of major projects
Long-term funding of $4.2 billion in place for delivery of major projects
New corporate debt facility in place to provide reserve liquidity during development phase of major projects
Dividend reduced to reflect lower profitability in keeping with flexible dividend policy
Final dividend already declared of 8.0 US cents per share
Full year dividend of 11.0 US cents per share
Total returns to shareholders since Listing of $1,776 million
