BHP Group Limited — AGM Information 2015

Nov 19, 2015

6-K 1 d46711d6k.htm FORM 6-K Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

November 19, 2015

BHP BILLITON LIMITED (ABN 49 004 028 077) (Exact name of Registrant as specified in its charter) VICTORIA, AUSTRALIA (Jurisdiction of incorporation or organisation) 171 COLLINS STREET, MELBOURNE, VICTORIA 3000 AUSTRALIA (Address of principal executive offices) BHP BILLITON PLC (REG. NO. 3196209) (Exact name of Registrant as specified in its charter) ENGLAND AND WALES (Jurisdiction of incorporation or organisation) NEATHOUSE PLACE, LONDON, UNITED KINGDOM (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or

Form 40-F: x Form 20-F ¨ Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation

S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation

S-T Rule 101(b)(7): ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: ¨ Yes x No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a

BHP Billiton Limited Annual General Meeting 2015

Disclaimer Forward-looking statements This presentation contains forward looking statements, including trends in commodity prices, strategies and objectives of management, future performance and future opportunities. These forward-looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained in this presentation. Readers are cautioned not to put undue reliance on forward-looking statements. Except as required by applicable regulations or by law, BHP Billiton does not undertake any obligation to publicly update or review any forward-looking statements whether as a result of new information or future events. Past performance cannot be relied on as a guide to future performance. Non-IFRS financial information BHP Billiton results are reported under International Financial Reporting Standards (IFRS) including Underlying EBIT and Underlying EBITDA which are used to measure segment performance. This presentation may also include certain non-IFRS measures including Underlying EBIT margin, Underlying EBITDA margin, Free cash flow and Net debt. These measures are used internally by management to assess the performance of our business, make decisions on the allocation of our resources and assess operational management. Non-IFRS measures have not been subject to audit or review and should not be considered as an indication of or alternative to an IFRS measure of profitability, financial performance or liquidity. No offer of securities Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell BHP Billiton securities in any jurisdiction, or be treated or relied upon as a recommendation or advice by BHP Billiton. Reliance on third-party information The views expressed in this presentation contain information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. This presentation should not be relied upon as a recommendation or forecast by BHP Billiton. No financial or investment advice – South Africa BHP Billiton does not provide any financial or investment ‘advice’, as that term is defined in the South African Financial Advisory and Intermediary Services Act 37 of 2002, and we strongly recommend that you seek professional advice. BHP Billiton Limited Annual General Meeting 19 November 2015

2

Jac Nasser Chairman

Welcome to Country BHP Billiton Limited Annual General Meeting 19 November 2015

4

Jac Nasser Chairman

BHP Billiton Limited Annual General Meeting 19 November 2015 Our Values Sustainability Integrity Respect Performance Simplicity Accountability

6

Samarco Samarco Minas Gerais, Brazil BHP Billiton Limited Annual General Meeting 19 November 2015 BRAZIL State of Minas Gerais Rio de Janeiro

7

Samarco BHP Billiton Limited Annual General Meeting 19 November 2015

8

Samarco BRAZIL State of Minas Gerais Rio de Janeiro BHP Billiton Limited Annual General Meeting 19 November 2015 9

Emergency fund As an immediate step, Vale and BHP Billiton pledge to support Samarco in creating an Emergency Fund for rebuilding works and to help the affected families and communities. It is our intention to work with the authorities to get this fund functioning as soon as practicable. Vale and BHP Billiton also have health, safety, environment and geotechnical experts onsite supporting Samarco’s response. We have also had discussions with Samarco and authorities about the additional support we can provide. Investigations are continuing and Samarco will provide further updates relating to the response and operations. BHP Billiton Limited Annual General Meeting 19 November 2015 10

Samarco The shareholders have agreed to commission an external investigation Investigation findings will be published Findings will also be shared with other resource companies Tailings dams across the Group being reviewed BHP Billiton Limited Annual General Meeting 19 November 2015 11

Our Charter Our Values Sustainability Putting health and safety first, being environmentally responsible and supporting our communities. Integrity Respect Performance Simplicity Accountability BHP Billiton Limited Annual General Meeting 19 November 2015 12

Our new reports BHP Billiton Limited Annual General Meeting 19 November 2015 13

Climate Change: Portfolio Analysis 1. Our perspective on climate change 2. Our action on climate change 3. Our approach to portfolio management 4. Portfolio impacts in a 2°C world BHP Billiton Limited Annual General Meeting 19 November 2015 14

Ongoing global energy demand BHP Billiton Limited Annual General Meeting 19 November 2015 15

Role of our commodities BHP Billiton Limited Annual General Meeting 19 November 2015 16

Our economic contribution BHP Billiton is committed to being a leader in further enhancing disclosure and transparency. BHP Billiton Limited Annual General Meeting 19 November 2015 17

Commodity prices 2006—2015 Iron ore, Metallurgical coal, Energy coal, Crude oil (US$/unit) Copper, Gas (US$/unit) Iron ore Metallurgical coal Energy coal Crude oil Copper Gas 300 18 250 15 200 12 150 9 100 6 50 3 0 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 BHP Billiton Limited Annual General Meeting 19 November 2015 18

BHP Billiton is a strong company Credit rating Dividend per ordinary share Standard & Poor’s Moody’s Australian cents per share

2

2015 A+ 2015 A1 169 131 2014 A+ 2014 A1 120 2013 A+ 1 2013 A1 2012 A+ 2012 A1 2011 A+ 2011 A1 0 FY2013 FY2014 FY2015 BHP Billiton Limited Annual General Meeting 19 November 2015 19

Focused on the fundamentals Over the last 10 years, your company: Generated operating cash flows of more than US$260 billion1 of which: We paid a quarter in tax We returned a quarter to shareholders through dividends and buybacks We reinvested the other half back in the business Sold US$8.5 billion of assets Demerged South32 1. Based on total operations BHP Billiton Limited Annual General Meeting 19 November 2015 20

The global environment BHP Billiton Limited Annual General Meeting 19 November 2015 21

Our unique portfolio Iron Ore Coal Petroleum Copper BHP Billiton Limited Annual General Meeting 19 November 2015 22

Global economies in transition BHP Billiton Limited Annual General Meeting 19 November 2015 23

Changes to the Board Anita Frew Carlos Cordeiro BHP Billiton Limited Annual General Meeting 19 November 2015 24

Sir John Buchanan BHP Billiton Limited Annual General Meeting 19 November 2015 25

Our people BHP Billiton Limited Annual General Meeting 19 November 2015 26

Andrew Mackenzie Chief Executive Officer Samarco

BHP Billiton Limited Annual General Meeting 19 November 2015 28

Samarco BHP Billiton Limited Annual General Meeting 19 November 2015 29

Samarco BHP Billiton Limited Annual General Meeting 19 November 2015 30

BHP Billiton Limited Annual General Meeting 19 November 2015 Our Values Sustainability Integrity Respect Performance Simplicity Accountability 31

Our Values Sustainability Integrity Respect Performance Simplicity Accountability BHP Billiton Limited Annual General Meeting 19 November 2015 32

Health and safety are paramount BHP Billiton Limited Annual General Meeting 19 November 2015 33

Our people are our greatest resource BHP Billiton Limited Annual General Meeting 19 November 2015 34

Financial performance Iron Ore Coal Petroleum Copper BHP Billiton Limited Annual General Meeting 19 November 2015 35

Over the past decade we have Generated more than US$260 billion1 of operating cash flows Returned US$67 billion through dividends and buy-backs Increased underlying EBITDA margin to 50 per cent2 Delivered 6.5 per cent annual volume growth3 1. Based on total operations 2. Continuing operations 3. Using group copper equivalent units on continuing operations BHP Billiton Limited Annual General Meeting 19 November 2015 36

BHP Billiton core portfolio* WA Iron Ore Samarco Queensland Coal NSW Energy Coal Cerrejón Olympic Dam Escondida Australia Brazil Australia Australia Colombia Australia Chile Pampa Norte Antamina Onshore US Shenzi Angostura Pyrenees Macedon Chile Peru United States United States Trinidad & Tobago Australia Australia Atlantis Mad Dog Bass Strait North West Shelf Jansen project United States United States Australia Australia Canada * Note: Excludes Nickel West which remains with the portfolio as non core, and New Mexico Coal and several smaller petroleum assets which are under review. BHP Billiton Limited Annual General Meeting 19 November 2015 37

Ongoing productivity focus Western Australian Queensland Black Hawk and Permian Escondida Iron Ore Coal Petroleum Copper Reduce costs to Reduce costs to Improve recoveries Reduce costs by US$15 per tonne US$61 per tonne 15 per cent Lower drilling costs Increase volumes by

7 per cent

BHP Billiton Limited Annual General Meeting 19 November 2015 38

Disciplined capital management Capital and exploration expenditure (US$ billion)1 25 20 15 10

5

0 FY2013 FY2014 FY2015 FY2016e FY2017e 1. BHP Billiton share, continuing operations BHP Billiton Limited Annual General Meeting 19 November 2015 39

Unlocking additional production Permian—Petroleum Ongoing resource development Caval Ridge Iron Ore—Coal Productivity Expand improvements production Escondida—Copper Olympic Dam—Copper Los Colorados extension Higher grade output BHP Billiton Limited Annual General Meeting 19 November 2015 40

High value growth options Mad Dog—Petroleum Phase 2 expansion Olympic Dam—Copper Spence—Copper Underground expansion Addition of concentrator for processing BHP Billiton Limited Annual General Meeting 19 November 2015 41

Longer term opportunities BHP Billiton Limited Annual General Meeting 19 November 2015 42

Effective response to climate change BHP Billiton Limited Annual General Meeting 19 November 2015 43

Greenhouse gas reduction Greenhouse gas emissions (MtCO -e)

2

60 FY2006 emissions baseline 40 South32 adjustment Scope 2 20 Scope 1 0 FY2011 FY2012 FY2013 FY2014 FY2015 Note: In order to provide year-on-year comparison, we have shown outcomes with South32 assets included for the full FY2015. BHP Billiton Limited Annual General Meeting 19 November 2015 44

Supporting Indigenous communities BHP Billiton Limited Annual General Meeting 19 November 2015 45

Recognise campaign BHP Billiton Limited Annual General Meeting 19 November 2015 46

Delivering sector leading productivity BHP Billiton Limited Annual General Meeting 19 November 2015 47

Our people are our greatest resource BHP Billiton Limited Annual General Meeting 19 November 2015 48

BHP Billiton Limited Annual General Meeting 2015

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

By:	BHP Billiton Limited and BHP Billiton Plc — /s/ Rachel Agnew
Name:	Rachel Agnew
Title:	Company Secretary