Highlights - six months ended 30 June 2017
· Generated underlying EBITDA of $4.1 billion, a 68% increase (H1 2016: $2.5 billion)
- Underlying EBITDA margin increased by additional five percentage points vs. FY 2016
· Profit attributable to equity shareholders of $1.4 billion (H1 2016: $0.8 billion loss)
· Delivered cost and volume improvements of $0.6 billion - on track to meet $1 billion target for full year
- Production volumes increased by 9% (Cu eq.)
· Attributable free cash flow of $2.7 billion (H1 2016: $1.1 billion)
· Reduced net debt by 27% to $6.2 billion (FY 2016: $8.5 billion), ahead of $7 billion year-end target
· Resumed dividend at 48 US cents per share for the first half, equal to 40% of first half underlying earnings*
- Dividend policy to target pay-out of 40% of underlying earnings
