20th Aug 2013 07:44
20 August 2013 |
To: | Australian Securities Exchange | cc: | New York Stock Exchange |
London Stock Exchange | JSE Limited | ||
SUPPLEMENTARY FINANCIAL INFORMATION
Further to the release of the Group's 2013 financial year results, BHP Billiton today released Supplementary Financial Information for the 2013 financial year.
Nicola Kleynhans
Deputy Company Secretary
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209Registered in Australia Registered in England and WalesRegistered Office: 180 Lonsdale Street Melbourne Victoria 3000 Registered Office: Neathouse Place, London SW1V 1BH United Kingdom The BHP Billiton Group is headquartered in Australia
BHP BILLITON REPORT FOR THE YEAR ENDED 30 JUNE 2013
SUPPLEMENTARY INFORMATION
The following notes and definitions are relevant to the table below and those on the following pages:
- Revenue is based on Group realised prices.
- EBIT is Underlying EBIT which is defined as earnings before net finance costs, taxation and any exceptional items.
- EBITDA is EBIT before depreciation, amortisation and impairments.
- Depreciation and amortisation (D&A) includes depreciation, amortisation and impairments.
- Capex includes accrued capital expenditure and excludes capitalised interest and capitalised exploration.
- Net operating assets represent operating assets net of operating liabilities and predominantly exclude cash balances, interest bearing liabilities and deferred tax balances.
- Other, as disclosure within each business on the subsequent pages, predominantly comprises divisional activities, greenfield exploration, business development and ceased and sold operations, where relevant.
BHP BILLITON GROUP
Year ended 30 June 2013 | ||||||||
| US$ million | |||||||
| Revenue (1) | Underlying EBIT (1) | Exceptional items | Profit from operations | Net operating assets | Capex (2) | Exploration gross (3) | Exploration to profit (4) |
Petroleum and Potash | 13,213 | 5,651 | 1,273 | 6,924 | 38,225 | 7,730 | 764 | 709 |
Copper | 11,991 | 3,622 | 355 | 3,977 | 15,605 | 2,120 | 246 | 246 |
Iron Ore | 20,215 | 11,121 | (827) | 10,294 | 23,786 | 6,255 | 217 | 74 |
Coal | 10,723 | 746 | (79) | 667 | 14,050 | 3,887 | 42 | 42 |
Aluminium, Manganese and Nickel | 9,278 | 164 | (3,923) | (3,759) | 8,622 | 758 | 57 | 53 |
Group and unallocated items (5) | 623 | (177) | 1,299 | 1,122 | 423 | 132 | − | − |
Inter-segment adjustment | (75) | − | − | − | − | − | − | − |
BHP Billiton Group | 65,968 | 21,127 | (1,902) | 19,225 | 100,711 | 20,882 | 1,326 | 1,124 |
Year ended 30 June 2012 |
| ||||||||
| US$ million | ||||||||
| Revenue (1) | Underlying EBIT (1) | Exceptional items | Profit from operations | Net operating assets | Capex (2) | Exploration gross (3) | Exploration to profit (4) | |
Petroleum and Potash | 12,937 | 6,020 | (2,835) | 3,185 | 33,921 | 6,290 | 1,575 | 1,038 | |
Copper | 11,596 | 3,965 | (360) | 3,605 | 14,011 | 2,650 | 330 | 324 | |
Iron Ore | 22,601 | 14,201 | − | 14,201 | 18,702 | 5,634 | 287 | 135 | |
Coal | 13,598 | 2,797 | 308 | 3,105 | 11,276 | 3,701 | 174 | 174 | |
Aluminium, Manganese and Nickel | 9,911 | (24) | (574) | (598) | 12,897 | 1,783 | 79 | 68 | |
Group and unallocated items (5) | 1,636 | 279 | (25) | 254 | 1,143 | 165 | 7 | 7 | |
Inter-segment adjustment | (53) | − | − | − | − | − | − | − | |
BHP Billiton Group | 72,226 | 27,238 | (3,486) | 23,752 | 91,950 | 20,223 | 2,452 |
| 1,746 |
(1) Total third party revenue for the Group is US$2,765 million and EBIT is US$121 million (2012: US$3,479 million and US$126 million).
(2) Capex in aggregate comprises US$18,401 million growth and US$2,481 million other (2012: US$17,735 million growth and US$2,488 million other).
(3) Includes US$304 million capitalised exploration (2012: US$850 million).
(4) Includes US$102 million exploration expenditure previously capitalised, written off as impaired (included in depreciation and amortisation) (2012: US$144 million).
(5) Includes the Group's diamonds business (divested effective 10 April 2013), interest in titanium minerals (divested effective 3 September 2012), non-Potash corporate costs incurred by the former Diamonds and Specialty Products business, consolidation adjustments, unallocated items and external sales of freight and fuel via the Group's transport and logistics operations.
PETROLEUM AND POTASH
Year ended 30 June 2013 |
| |||||||||
| US$ million | |||||||||
| Revenue (1) | Underlying EBITDA | D&A | Underying EBIT | Net operating assets | Capex (2) | Exploration gross (3) | Exploration to profit (4) |
| |
Bass Strait | 1,921 | 1,564 | 119 | 1,445 | 2,834 | 457 |
|
|
| |
North West Shelf | 2,578 | 1,913 | 234 | 1,679 | 1,880 | 218 |
|
|
| |
Atlantis | 853 | 710 | 147 | 563 | 2,166 | 391 |
|
|
| |
Shenzi | 1,614 | 1,519 | 283 | 1,236 | 1,524 | 265 |
|
|
| |
Mad Dog | 276 | 233 | 98 | 135 | 420 | 121 |
|
|
| |
Onshore US (5) | 2,987 | 1,508 | 1,795 | (287) | 25,019 | 4,816 |
|
|
| |
Algeria (6) | 533 | 460 | 18 | 442 | 90 | 24 |
|
|
| |
UK | 244 | 95 | 46 | 49 | 45 | 8 |
|
|
| |
Exploration | − | (522) | 230 | (752) | 529 | − |
|
|
| |
Other (7) (8) | 2,032 | 1,746 | 282 | 1,464 | 1,960 | 772 |
|
|
| |
Total Petroleum | 13,038 | 9,226 | 3,252 | 5,974 | 36,467 | 7,072 | 675 | 620 |
| |
Potash | − | (309) | 25 | (334) | 1,758 | 658 |
|
|
| |
Total Potash | − | (309) | 25 | (334) | 1,758 | 658 | 89 | 89 |
| |
Total Petroleum and Potash from |
|
|
|
|
|
|
|
|
| |
Group production | 13,038 | 8,917 | 3,277 | 5,640 | 38,225 | 7,730 |
|
|
| |
Third party products | 175 | 11 | − | 11 | − | − |
|
|
| |
Total Petroleum and Potash | 13,213 | 8,928 | 3,277 | 5,651 | 38,225 | 7,730 | 764 | 709 |
| |
Year ended 30 June 2012 |
|
|
| |||||||||||||||||
| US$ million |
| ||||||||||||||||||
| Revenue (1) | Underlying EBITDA | D&A | Underlying EBIT | Net operating assets | Capex (2) | Exploration gross (3) | Exploration to profit (4) |
|
| ||||||||||
Bass Strait | 1,950 | 1,560 | 110 | 1,450 | 2,362 | 699 |
|
|
|
| ||||||||||
North West Shelf | 2,375 | 1,819 | 211 | 1,608 | 1,700 | 278 |
|
|
|
| ||||||||||
Atlantis | 769 | 638 | 146 | 492 | 1,515 | 298 |
|
|
|
| ||||||||||
Shenzi | 1,767 | 1,650 | 333 | 1,317 | 1,463 | 343 |
|
|
|
| ||||||||||
Mad Dog | − | (28) | 9 | (37) | 380 | 105 |
|
|
|
| ||||||||||
Onshore US (5) | 2,169 | 1,300 | 1,440 | (140) | 22,517 | 3,293 |
|
|
|
| ||||||||||
Alegeria (6) | 635 | 560 | 52 | 508 | 66 | 24 |
|
|
|
| ||||||||||
UK | 322 | 223 | 35 | 188 | (6) | 12 |
|
|
|
| ||||||||||
Exploration | − | (636) | 188 | (824) | 780 | − |
|
|
|
| ||||||||||
Other (7) (8) (9) | 2,720 | 2,326 | 543 | 1,783 | 1,921 | 778 |
|
|
|
| ||||||||||
Total Petroleum | 12,707 | 9,412 | 3,067 | 6,345 | 32,698 | 5,830 | 1,355 | 818 |
|
| ||||||||||
Potash | − | (328) | − | (328) | 1,223 | 460 |
|
|
|
| ||||||||||
Total Potash | − | (328) | − | (328) | 1,223 | 460 | 220 | 220 |
|
| ||||||||||
Total Petroleum and Potash from |
|
|
|
|
|
|
|
|
|
| ||||||||||
Group production | 12,707 | 9,084 | 3,067 | 6,017 | 33,921 | 6,290 |
|
|
|
| ||||||||||
Third party products | 230 | 3 | − | 3 | − | − |
|
|
|
| ||||||||||
Total Petroleum and Potash | 12,937 | 9,087 | 3,067 | 6,020 | 33,921 | 6,290 | 1,575 | 1,038 |
|
| ||||||||||
(1) Petroleum revenue from Group production includes: crude oil US$7,604 million (2012: US$7,804 million), natural gas US$2,842 million (2012: US$2,426 million), LNG US$1,686 million (2012: US$1,483 million), NGL US$823 million (2012: US$780 million) and other US$83 million (2012: US$214 million).
(2) Capex in aggregate comprises Petroleum US$6,926 million growth and US$146 million other (2012: US$5,709 million growth and US$121 million other) and Potash US$646 million growth and US$12 million other (2012: US$460 million growth and US$nil million other).
(3) Includes US$153 million of Petroleum capitalised exploration (2012: US$681 million).
(4) Includes US$98 million of Petroleum exploration expenditure previously capitalised, written off as impaired (included in depreciation and amortisation) (2012: US$144 million).
(5) Includes Petrohawk Energy Corporation (acquired on 20 August 2011). The year ended June 2012 includes a gain on hedging activity of US$192 million.
(6) Algeria includes ROD and Ohanet. The Ohanet Risk Sharing Contract expired in October 2011.
(7) Includes the following fields - Macedon, Pyrenees, Stybarrow, Neptune, Minerva, Angostura, West Cameron 76, Genesis, Starlifter and Pakistan. West Cameron 76 and Starlifter were divested in May 2012.
(8) Includes an unrealised loss of US$84 million related to Angostura embedded derivative (2012: US$99 million unrealised gain).
(9) Includes a post-closing payment of US$100 million received in December 2011 relating to the 2006 divestment of BHP Billiton's interest in Cascade and Chinook.
(10) Total barrels of oil equivalent (million) based on a conversion rate of 6 billion standard cubic feet of gas per million barrels of oil equivalent.
Production |
|
| 2013 |
| 2012 | |
Crude oil and condensate (million barrels of oil equivalent) | 72.5 |
| 71.2 | |||
Natural gas (billion cubic feet) |
|
| 874.3 |
| 822.3 | |
NGL (million barrels of oil equivalent) |
|
| 17.5 |
| 14.1 | |
Total Petroleum products (million barrels of oil equivalent) (10) |
|
| 235.8 |
| 222.3 | |
COPPER
Year ended 30 June 2013 | |||||||||
| US$ million |
| |||||||
| Revenue | Underlying EBITDA | D&A | Underlying EBIT | Net operating assets | Capex (1) | Exploration gross (2) | Exploration to profit | |
Escondida | 4,927 | 2,788 | 372 | 2,416 | 5,875 | 1,301 |
|
| |
Pampa Norte (3) | 1,818 | 695 | 227 | 468 | 2,514 | 119 |
|
| |
Antamina | 1,303 | 795 | 80 | 715 | 1,237 | 214 |
|
| |
Cannington | 1,365 | 646 | 40 | 606 | 206 | 35 |
|
| |
Olympic Dam | 1,873 | 245 | 249 | (4) | 6,418 | 225 |
|
| |
Other (4) | 127 | (557) | 19 | (576) | (645) | 226 |
|
| |
Total Copper from Group production | 11,413 | 4,612 | 987 | 3,625 | 15,605 | 2,120 |
|
| |
Third party products | 578 | (3) | − | (3) | − | − |
|
| |
Total Copper | 11,991 | 4,609 | 987 | 3,622 | 15,605 | 2,120 | 246 | 246 | |
Year ended 30 June 2012 |
| ||||||||
| US$ million | ||||||||
| Revenue | Underlying EBITDA | D&A | Underlying EBIT | Net operating assets | Capex (1) | Exploration gross (2) | Exploration to profit | |
Escondida | 4,002 | 2,101 | 273 | 1,828 | 4,792 | 1,173 |
|
| |
Pampa Norte (3) | 2,152 | 1,037 | 200 | 837 | 2,332 | 242 |
|
| |
Antamina | 1,229 | 824 | 40 | 784 | 1,088 | 256 |
|
| |
Cannington | 1,590 | 908 | 53 | 855 | 194 | 96 |
|
| |
Olympic Dam | 2,146 | 434 | 220 | 214 | 6,404 | 394 |
|
| |
Other (4) | 43 | (600) | (64) | (536) | (799) | 489 |
|
| |
Total Copper from Group production | 11,162 | 4,704 | 722 | 3,982 | 14,011 | 2,650 |
|
| |
Third party products | 434 | (17) | − | (17) | − | − |
|
| |
Total Copper | 11,596 | 4,687 | 722 | 3,965 | 14,011 | 2,650 | 330 | 324 | |
(1) Capex in aggregate comprises US$1,468 million growth and US$652 million other (2012: US$2,010 million growth and US$640 million other).
(2) Includes US$nil million capitalised exploration (2012: US$6 million).
(3) Includes Spence and Cerro Colorado.
(4) Includes Pinto Valley. Depreciation and amortisation includes impairment reversals of US$nil million relating to Pinto Valley (2012: US$71 million). BHP Billiton has agreed to sell its Pinto Valley mining operation. The transaction is subject to regulatory approval, and other customary conditions, and is expected to be completed in the second half of the 2013 calendar year.
Production | 2013 | 2012 | ||
Payable copper in concentrate ('000 tonnes) | 634.4 | 460.8 | ||
Copper cathode ('000 tonnes) | 575.0 | 633.7 | ||
Uranium oxide concentrate (tonnes) | 4,102 | 3,885 | ||
Gold - payable ('000 ounces) | 154.4 | 168.7 | ||
Silver - payable ('000 ounces) | 37,655 | 41,308 | ||
Lead - payable ('000 tonnes) | 214.4 | 239.9 | ||
Zinc - payable ('000 tonnes) | 128.2 | 112.2 | ||
IRON ORE
Year ended 30 June 2013 |
|
| |||||||
| US$ million |
| |||||||
| Revenue (1) | Underlying EBITDA | D&A | Underlying EBIT | Net operating assets | Capex (2) | Exploration gross (3) | Exploration to profit |
|
Western Australia Iron Ore | 18,452 | 11,428 | 1,004 | 10,424 | 21,237 | 5,483 |
|
|
|
Samarco | 1,622 | 811 | 61 | 750 | 2,534 | 772 |
|
|
|
Other | − | (84) | − | (84) | 15 | - |
|
|
|
Total Iron Ore from Group production | 20,074 | 12,155 | 1,065 | 11,090 | 23,786 | 6,255 |
|
|
|
Third party products (4) | 141 | 31 | − | 31 | − | - |
|
|
|
Total Iron Ore | 20,215 | 12,186 | 1,065 | 11,121 | 23,786 | 6,255 | 217 | 74 |
|
Year ended 30 June 2012 |
|
| |||||||
| US$ million | ||||||||
| Revenue (1) | Underlying EBITDA | D&A | Underlying EBIT | Net operating assets | Capex (2) | Exploration Gross (3) | Exploration to profit |
|
Western Australia Iron Ore | 20,480 | 14,025 | 763 | 13,262 | 16,994 | 4,974 |
|
| |
Samarco | 1,996 | 1,106 | 55 | 1,051 | 1,788 | 602 |
|
| |
Other | − | (135) | 8 | (143) | (80) | 58 |
|
| |
Total Iron Ore from Group production | 22,476 | 14,996 | 826 | 14,170 | 18,702 | 5,634 |
|
| |
Third party products (4) | 125 | 31 | − | 31 | − | − |
|
|
|
Total Iron Ore | 22,601 | 15,027 | 826 | 14,201 | 18,702 | 5,634 | 287 | 135 |
|
(1) Includes inter-segment revenue of US$55 million (2012: US$39 million).
(2) Capex in aggregate comprises US$6,072 million growth and US$183 million other (2012: US$5,584 million growth and US$50 million other).
(3) Includes US$143 million capitalised exploration (2012: US$152 million).
(4) Includes Boodarie Iron sales of contracted gas purchases and US$15 million mark to market gain on an embedded derivative (2012: US$27 million gain).
Production |
| 2013 |
| 2012 |
Iron ore (million tonnes) |
| 169.9 |
| 159.5 |
COAL
Year ended 30 June 2013 |
|
| |||||||
| US$ million | ||||||||
| Revenue | Underlying EBITDA | D&A | Underlying EBIT | Net operating assets | Capex (1) | Exploration gross | Exploration to profit | |
Queensland Coal | 4,452 | 627 | 376 | 251 | 7,988 | 2,651 |
|
| |
Illawarra | 1,287 | 311 | 148 | 163 | 1,238 | 409 |
|
| |
South Africa Coal | 1,457 | 177 | 211 | (34) | 1,334 | 101 |
|
| |
New Mexico | 588 | 95 | 49 | 46 | 164 | 28 |
|
| |
New South Wales Energy Coal | 1,526 | 314 | 120 | 194 | 2,116 | 348 |
|
| |
Colombia | 828 | 307 | 65 | 242 | 1,078 | 265 |
|
| |
Other | − | (158) | 2 | (160) | 111 | 85 |
|
| |
Total Coal from Group production | 10,138 | 1,673 | 971 | 702 | 14,029 | 3,887 |
|
| |
Third party products | 585 | 44 | − | 44 | 21 | − |
|
| |
Total Coal | 10,723 | 1,717 | 971 | 746 | 14,050 | 3,887 | 42 | 42 | |
Year ended 30 June 2012 |
| |||||||
| US$ million | |||||||
| Revenue | Underlying EBITDA | D&A | Underlying EBIT | Net operating assets | Capex (1) | Exploration gross | Exploration to profit |
Queensland Coal | 5,875 | 1,480 | 260 | 1,220 | 5,787 | 2,465 |
|
|
Illawarra | 1,701 | 826 | 159 | 667 | 1,058 | 316 |
|
|
South Africa Coal | 1,894 | 468 | 190 | 278 | 1,425 | 162 |
|
|
New Mexico | 587 | 36 | 45 | (9) | 169 | 40 |
|
|
New South Wales Energy Coal | 1,599 | 538 | 80 | 458 | 1,974 | 565 |
|
|
Colombia | 1,086 | 537 | 59 | 478 | 904 | 126 |
|
|
Other | − | (383) | 2 | (385) | (14) | 27 |
|
|
Total Coal from Group production | 12,742 | 3,502 | 795 | 2,707 | 11,303 | 3,701 |
|
|
Third party products | 856 | 90 | − | 90 | (27) | − |
|
|
Total Coal | 13,598 | 3,592 | 795 | 2,797 | 11,276 | 3,701 | 174 | 174 |
(1) Capex in aggregate comprises US$3,023 million growth and US$864 million other (2012: US$2,668 million growth and US$1,033 million other).
Production |
|
| 2013 |
| 2012 |
Metallurgical coal (million tonnes) |
|
| 37.7 |
| 33.2 |
Energy coal (million tonnes) |
|
| 72.9 |
| 71.1 |
ALUMINIUM, MANGANESE AND NICKEL
Year ended 30 June 2013 |
|
| ||||||
| US$ million | |||||||
| Revenue (1) | Underlying EBITDA | D&A | Underlying EBIT | Net operating assets | Capex (2) (3) | Exploration gross (4) | Exploration to profit (5) |
Alumina | 1,422 | 119 | 239 | (120) | 3,850 | 98 |
|
|
Aluminium | 2,620 | 92 | 127 | (35) | 2,157 | 27 |
|
|
Intra-divisional adjustment | (638) | − | − | − | − | − |
|
|
| 3,404 | 211 | 366 | (155) | 6,007 | 125 |
|
|
Manganese | 2,113 | 580 | 102 | 478 | 1,521 | 322 |
|
|
Nickel West | 1,773 | (100) | 208 | (308) | 127 | 263 |
|
|
Cerro Matoso | 803 | 235 | 79 | 156 | 955 | 44 |
|
|
Other | − | (45) | − | (45) | 12 | 4 |
|
|
Total Aluminium, Manganese and Nickel |
|
| ||||||
from Group production | 8,093 | 881 | 755 | 126 | 8,622 | 758 |
|
|
Third party products | 1,185 | 38 | − | 38 | − | − |
|
|
Total Aluminium, Manganese and Nickel | 9,278 | 919 | 755 | 164 | 8,622 | 758 | 57 | 53 |
Year ended 30 June 2012 |
| ||||||||
| US$ million | ||||||||
| Revenue (1) | Underlying EBITDA | D&A | Underlying EBIT | Net operating assets | Capex (2) (3) | Exploration gross (4) | Exploration to profit (5) | |
Alumina | 1,277 | (14) | 190 | (204) | 6,187 | 827 |
|
| |
Aluminium | 2,638 | 38 | 126 | (88) | 2,373 | 25 |
|
| |
Intra-divisional adjustment | (636) | − | − | − | − | − |
|
| |
| 3,279 | 24 | 316 | (292) | 8,560 | 852 |
|
| |
Manganese | 2,136 | 355 | 124 | 231 | 1,215 | 418 |
|
| |
Nickel West | 2,043 | 83 | 312 | (229) | 1,956 | 337 |
|
| |
Cerro Matoso | 876 | 414 | 80 | 334 | 1,002 | 105 |
|
| |
Other | − | (86) | 1 | (87) | 164 | 71 |
|
| |
Total Aluminium, Manganese and Nickel |
|
|
|
|
|
|
|
| |
from Group production | 8,334 | 790 | 833 | (43) | 12,897 | 1,783 |
|
| |
Third party products | 1,577 | 19 | − | 19 | − | − |
|
| |
Total Aluminium, Manganese and Nickel | 9,911 | 809 | 833 | (24) | 12,897 | 1,783 | 79 | 68 | |
(1) Includes inter-segment revenue of US$20 million (2012: US$14 million).
(2) Capex in aggregate comprises US$206 million growth and US$552 million other (2012: US$1,182 million growth and US$601 million other).
(3) Capex includes US$4 million of expenditure in relation to centralising offices (2012: US$71 million).
(4) Includes US$8 million capitalised exploration (2012: US$11 million).
(5) Includes US$4 million exploration expenditure previously capitalised, written off as impaired (included in depreciation & amortisation) (2012: US$nil million).
Production |
|
| 2013 |
| 2012 |
Alumina ('000 tonnes) |
|
| 4,880 |
| 4,152 |
Aluminium ('000 tonnes) |
|
| 1,179 |
| 1,153 |
Manganese ore ('000 tonnes) |
|
| 8,517 |
| 7,931 |
Manganese alloy ('000 tonnes) |
|
| 608 |
| 602 |
Nickel ('000 tonnes) |
|
| 154.1 |
| 157.9 |
Related Shares:
BHP Group