Highlights

Financial and non-financial highlights

Delivering profitable growth

Financial highlights

• EBITDA of US$1.6 billion incorporating rigorous cost reduction measures in the second half of the year
• Strong balance sheet with cash and liquid investments of US$4.9 billion and modest net debt of US$0.2 billion
• Investment of US$397.1 million in share buyback and increase in subsidiary stakes
• Final dividend proposed at 25 US cents per share bringing full year dividend to 41.5 US cents per share

Operational highlights

• Record production of aluminium, iron ore and zinc
• All organic growth projects progressing on or ahead of schedule
• US$5.3 billion reduction in capital expenditure due to savings and deferrals
• Shut down of high cost smelters and sale of surplus power
• Exploration success in iron ore and zinc business
• Consolidated minorities in MALCO, Sterlite, Sesa Goa and KCM

Delivering against our strategy

• Delivering 2.5mtpa (AI) Imtpa (Cu, Zn), 25mtpa (Fe), and 6,500Mw (power)
• US$7.6 bn capex to spend, secured US$3.7 bn funding
• Promising exploration potential at KCM
• Proposed acquisition of Asarco assets