2010 Full Year Results Presentation - Antofagasta plc

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Dividends Earnings and dividends per share (cents) • Total dividend for year of 116 cents − Final special dividend 100 cents − Final ordinary dividend 12 cents − Interim dividend (Oct 10) 4 cents 137.4 140.2 173.1 106.7 • Total payout in June 2011 of US$1.1 billion − Results from successful completion of key growth projects and strong financial position of Group 67.7 100.0 40.0 41.0 51.0 14.0 8.2 8.6 9.0 9.4 16.0 2006 2007 2008 2009 2010 Ordinary dividends Special dividends Earnings per share • Ordinary dividend for the year of 16 cents up 70.2% over 2009 − Underlines increased production base and confidence in future prospects • Group remains well positioned to take advantage of growth pipeline and market opportunities 16
Effective tax rates Effective tax (%) 22.1% 1.3% 4.3% 29.2% 2.3% 6.3% 2.0% (0.7%) 3.8% 6.1% • Legislative changes announced in 2010 − To contribute to post-earthquake reconstruction costs − Temporary increase in corporation tax rates for 2011 - 2012 − Changes to mining tax from 2010 17.6% 16.9% • Group’s companies have waived invariability protection from mining tax for 2010-2012 -1.3% 31-12-2009 Corporate tax (deferred and current) Royalty Withholding tax Exchange rate 31-12-2010 − Benefit from extension to invariability agreements which can also be applied to connected projects • Increased level of withholding tax provision Corporate tax (deferred and current) Royalty Withholding tax Exchange rate 2009 2010 − Reflects funding requirements for significantly higher level of dividend declared for 2010 Profit before tax (US$m) 1,437.6 2,573.2 Income tax expense (US$m) 317.7 752.5 Effective tax rate 22.1% 29.2% 17
Page 1 and 2: 2010 Full Year Results Presentation
Page 3 and 4: Operational highlights • Record y
Page 5 and 6: Market drivers - commodity prices 4
Page 7 and 8: Operations: Securing & strengthenin
Page 9 and 10: Other operations • US$1bn brownfi
Page 11 and 12: Realised prices and mark-to to-mark
Page 13 and 14: Financial analysis 2010 Full Year R
Page 15: Cash flow 2010 (US$m) 562 2 2,434 (
Page 19 and 20: Resource base Reserves and Resource
Page 21 and 22: Los Pelambres District and Antucoya
Page 23 and 24: Conclusion • 2010 was a very succ
Page 25 and 26: Brief history Luksic Group acquires
Page 27 and 28: Strategy Strategic Plan for the Min
Page 29 and 30: Geographical locations - Chile Chil
Page 31 and 32: Financial history 330 327 Commodity
Page 33 and 34: Mining data Los Pelambres 2010 H1 2
Page 35 and 36: Production and realised prices anal
Page 37 and 38: Cash cost analysis: 2009 actual vs.
Page 39 and 40: Cash cost analysis: 2010 actual vs.
Page 41 and 42: Operations and projects - Esperanza
Page 43 and 44: Transport and Water businesses Chil
Page 45 and 46: El Tesoro Production and cash cost
Page 47 and 48: Transport and Water businesses 4.3
Page 49 and 50: Market Cost - recent trends 400 450
Page 51 and 52: Refined copper market Copper price
Page 53 and 54: Molybdenum market Molybdenum price
Page 55 and 56: Market outlook - detailed commentar
Page 57 and 58: Safety statistics Lost Time Injury
Page 59: 2010 Full Year Results Presentation

2010 Full Year Results Presentation - Antofagasta plc

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