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BHP Billiton 6-K 2012 Documents found in this filing:
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 29, 2012
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
bhpbilliton resourcing the future Newman, Iron Ore Australia Annual General Meeting 2012 BHP Billiton Limited 29 November 2012
Neptune, Gulf of Mexico, Petroleum United States bhpbilliton resourcing the future Jac Nasser Chairman Annual General Meeting 29 November 2012
bhpbilliton resourcing the future Disclaimer Reliance on Third Party Information The views expressed herein contain certain information that has been derived from publicly available sources that has not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of such information. Forward Looking Statements This presentation includes forward-looking statements within the meaning of the US Securities Litigation Reform Act of 1995 regarding future events and the future financial performance of BHP Billiton. Forward-looking statements can be identified by the use of words such as “plans”, “expects”, “expected”, ‘scheduled”, “estimates” (including reserves and other mineralisation estimates), “intends”, “anticipates” or “believes”, or variations of such words and phrases, or that state that certain actions, events, conditions, circumstances or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such statements are based on management’s current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied in such statements. 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. For more detail on those risks, you should refer to the sections of our annual report on Form 20-F for the year ended 30 June 2012 entitled “Risk factors”, “Forward looking statements” and “Operating and financial review and prospects” filed with the US Securities and Exchange Commission. Past performance cannot be relied on as a guide to future performance. BHP Billiton does not intend to update any of the forward looking statements to conform these statements to actual results or to changes in our expectations, except as required by law. 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. Non-IFRS financial information BHP Billiton results are reported under International Financial Reporting Standards (IFRS). This presentation also includes certain non-IFRS measures, including Underlying EBIT and Underlying EBITDA which are used to measure segment performance and Attributable profit excluding exceptional items, Underlying EBITDA interest coverage, Underlying effective tax rate, Underlying EBIT margin and Underlying return on capital. 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. UK GAAP financial information Certain historical financial information for periods prior to FY2005 has been presented on the basis of UK GAAP, which is not comparable to IFRS or US GAAP. Readers are cautioned not to place undue reliance on UK GAAP information. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 3
bhpbilliton resourcing the future Jac Nasser Chairman Annual General Meeting 29 November 2012
bhpbilliton resourcing the future Donna Ingram Metropolitan Local Aboriginal Land Council BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 5
Mt Arthur, Energy Coal Australia BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 6
bhpbilliton resourcing the future Pat Davies Member Remuneration Committee BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 7
bhpbilliton resourcing the future Group Management Committee Marius Kloppers Graham Kerr Alberto Calderon Mike Henry Andrew Mackenzie Marcus Randolph Karen Wood J Michael Yeager BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 8
Forum on Corporate Responsibility Cristina Echavarria Yaa Ntiamoa-Baidu Tommy Garnett Phil Vernon Malini Mehra Colombia Ghana Sierra Leone United Kingdom United Kingdom/India Simon Longstaff James Ensor Greg Bourne Mick Dodson Australia Australia Australia Australia BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 9
Port Hedland, Iron Ore Australia BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 10
bhpbilliton resourcing the future GDP growth in OECD Contribution to growth in world real GDP per capita (%) 15 10 5 0 (5) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Euro area United States Advanced economies Source: IMF Global Economic Outlook database. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 11
bhpbilliton resourcing the future GDP growth in OECD and non-OECD countries Contribution to growth in world real GDP per capita (%) 15 10 5 0 (5) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Euro area United States China Advanced economies Emerging market and developing economies Source: IMF Global Economic Outlook database. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 12
bhpbilliton resourcing the future GDP growth in OECD and non-OECD countries Contribution to growth in world real GDP per capita (%) 15 Forecast 10 5 0 (5) 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Euro area United States China Advanced economies Emerging market and developing economies Source: IMF Global Economic Outlook database. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 13
Olympic Dam, Base Metals Australia BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 14
bhpbilliton resourcing the future China’s development Shanghai, China BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 15
Broken Hill circa 1900 BHP Indonesia circa 1920 Billiton BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 16
Bass Strait, Petroleum Australia Shenzi, Gulf of Mexico, Petroleum United States BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 17
Escondida, Base Metals Chile Copper, Spence, Base Metals Chile BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 18
Eagle Ford, Petroleum United States BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 19
Potash, Jansen Canada Potash, Jansen Canada BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 20
Escondida, Base Metals Chile BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 21
bhpbilliton resourcing the future Strong performance Profit attributable to shareholders1 (US$ billion) 25 20 15 10 5 0 FY2008 FY2009 FY2010 FY2011 FY2012 Net operating cash flow2 (US$ billion) 35 30 25 20 15 10 5 0 FY2008 FY2009 FY2010 FY2011 FY2012 1. Including exceptional items. 2. Net operating cash flows are after net interest and taxation. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 22
bhpbilliton resourcing the future Full year dividends Dividends1 FY2003 “ FY2012 FY2012 (US cents per share (cps)) CAGR USD: 26% Full year dividend CAGR AUD: 18% 112 cps 120 Full year dividend 11% 100 80 60 40 20 0 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 1. Dividends declared in respect of the period. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 23
bhpbilliton resourcing the future Delivering superior shareholder returns over 10 years Total Shareholder Return (TSR)1 (%) 400 BHP Billiton Limited dividends BHP Billiton TSR 342% BHP Billiton Limited price ASX200 dividends 300 ASX200 price 200 ASX200 TSR 117% 100 0 FY03—currentFY2003 “ current Source: Datastream. 1. TSR calculated in Australian dollars from 30 June 2002 to 23 November 2012. Note that the share price reflects adjustments for rights issues and bonus shares and dividends assume reinvestment on the ex-dividend date. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 24
bhpbilliton resourcing the future FY2012 attributable profit and exceptional items Attributable profit (US$ billion) 20 17.1 0.1 15.4 15 (1.8) 10 5 0 Attributable profit—excluding Fayetteville impairment Other exceptional items¹ Attributable profit—including exceptional items exceptional items 1. Other exceptional items after tax comprise: impairment of Nickel West goodwill and other assets US$(355) million; suspension or early closure of operations and the change in status of specific projects US$(342) million; settlement of insurance claims US$199 million; and recognition of deferred tax assets on enactment of MRRT and PRRT extension legislation in Australia US$637 million. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 25
Eagle Ford, Petroleum United States BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 26
bhpbilliton resourcing the future Diversification strategy Escondida, Base Metals Chile Jansen, Potash Canada Port Hedland, Iron Ore Australia BMA, Metallurgical Coal Australia Eagle Ford, Petroleum United States BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 27
bhpbilliton resourcing the future Performance since 2007 Total Recordable Injury Frequency (TRIF) 8 Reduced by 36% 6 4 2 0 2007 2008 2009 2010 2011 2012 Production (rebased to 100 (FY2007)) 115 Increased by 13% 110 105 100 95 2007 2008 2009 2010 2011 2012 1. Excludes third party trading activities. Greenhouse gas emissions (kilotonnes CO2-e) 60,000 Reduced by 19% 45,000 30,000 15,000 0 2007 2008 2009 2010 2011 2012 Underlying EBIT EBIT margin1 (US$ billion) (%) 40 80 Average EBIT margin over 40% 30 60 20 40 10 20 0 0 2007 2008 2009 2010 2011 2012 EBIT EBIT margin BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 28
bhpbilliton resourcing the future Community Artists working on Minyipuru (Seven Sister) as part of Yiwarra Kuju: The Canning Stock Route Project Mozal Community Development Trust Aluminium, Mozambique Installing solar panels in local homes, Spence Base Metals, Chile Newman Primary School Iron Ore, Australia BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 29
bhpbilliton resourcing the future Improving maternal and child health in southern Africa _Window of Opportunity” project in partnership with Program for Appropriate Technology in Health (PATH) BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 30
bhpbilliton resourcing the future Community Regional Science Fair, Illawarra Metallurgical Coal, Australia School Library Toconao, Foundation of Escondida Base Metals, Chile Students at a Sujag Sansar Organization school Petroleum, Pakistan Pre-prep program at Blackwater Primary School, BMA Metallurgical Coal, Australia BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 31
BMA, Metallurgical Coal Australia BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 32
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 33
Port Hedland, Iron Ore, Australia Marius Kloppers Chief Executive Officer Annual General Meeting 29 November 2012 bhpbilliton resourcing the future
bhpbilliton resourcing the future Overview . Safety . Financial Performance . Current market conditions and economic outlook . Our response to the challenges facing the industry BHP Billiton Limited Annual General Meeting, 29 November 2012 Shenzi, Petroleum Slide 35
bhpbilliton resourcing the future Robust financial results . Attributable profit of US$15.4 billion included net exceptional charges of US$1.7 billion . Attributable profit (excluding exceptional items) of US$17.1 billion, down 21% . Underlying EBITDA of US$33.7 billion, down 9% . Underlying EBIT of US$27.2 billion, down 15% . Net operating cash flow of US$24.4 billion, down 19% . Gearing of 26% following the acquisition of Petrohawk Energy Corporation . Full year dividend of 112 US cents per share, up 11% Attributable profit1 (US$ billion) 25 20 15 10 5 0 2008 2009 2010 2011 2012 Underlying EBIT2 (US$ billion) 35 30 25 20 15 10 5 0 2008 2009 2010 2011 2012 Net operating cash flow3 (US$ billion) 35 30 25 20 15 10 5 0 2008 2009 2010 2011 2012 Dividends per share4 (US cents per share) 120 80 40 0 2008 2009 2010 2011 2012 Attributable profit excluding exceptional items. Underlying EBIT is earnings before net finance costs, taxation and any exceptional items. Net operating cash flows are after net interest and taxation. Represents the dividend declared for each BHP Billiton Plc and BHP Billiton Limited share. BHP Billiton Limited Annual General Meeting, 29 November 2012
Production records Angostura Antamina Alumar refinery Cerrejón Coal GEMCO Petroleum Base Metals Aluminium & Nickel Energy Coal Manganese Trinidad and Tobago Peru Brazil Colombia Australia Hotazel Illawarra New South Wales Spence Western Australia Manganese Metallurgical Coal Energy Coal Base Metals Iron Ore South Africa Australia Australia Chile Australia BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 37
bhpbilliton resourcing the future Our robust returns enable investment in our core commodities throughout the cycle Major projects currently in execution1 (capital expenditure, US$ billion) Iron Ore Metallurgical Coal D&SP Petroleum Energy Coal SSM Base Metals Manganese Aluminium US$500m US$501m-US$5bn FY12 FY13e FY14e FY15e FY16e WAIO Worsley Caval Inner Macedon E&G Ridge Harbour NWS Nth WAIO NWS Broad- HPX3 EKATI NWS Escondida Rankin B Jimblebar CWLH Ore Access meadow Misery GWF-A FY12 FY13 FY14 FY15 FY16 Cerrejon Oxide Antamina P40 Leach WAIO Escondida Appin Exp Kipper2 Turrum Port and Rail OGP1 Area 9 WAIO RGP 5 MAC NTP RX1 WAIO Exp 3 Daunia Samarco 4 Orebody 24 (timing of first production) 1. Only includes major projects in execution as at 22 August 2012. 2. Facilities completed in the September 2012 quarter and ready to commence production pending resolution of the mercury content. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 38
bhpbilliton resourcing the future We are committed to our communities Drinking water program, Zamzama Petroleum, Pakistan School Library Toconao, Foundation of Escondida Base Metals, Chile Literacy program, BMA Metallurgical Coal, Australia Nelson Mandela Secondary School Aluminium, Mozambique BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 39
bhpbilliton resourcing the future Prices have been volatile over the short term Iron ore prices Steel mill inventory (US$/t, 62% Fe, (Days of inventory) CIF China) 150 40 Iron ore prices 135 35 120 30 105 25 90 20 75 15 60 10 Jul 12 Aug 12 Sep 12 Oct 12 Nov 12 US Fed asset purchases Copper price (US$ billion) (US$/t) 15 9,000 10 QE3 8,500 Announcement 5 0 8,000 (5) 7,500 (10) (15) 7,000 Jul 12 Aug 12 Sep 12 Oct 12 Nov 12 Note: Inventory from Mysteel survey on 55 mills” inventory of seaborne iron ore. Source: Platts; Mysteel Note: Change in Federal Reserve Bank assets is shown as a four week moving average. QE3 announced on 13 Sep. Source: US Federal Reserve, Bloomberg. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 40
bhpbilliton resourcing the future China’s GDP growth . Over the past decade China grew rapidly as investment facilitated urbanisation . China’s slowdown is directionally in line with expectations . Over the next decade, urbanisation and industrialisation will continue to be the primary drivers of economic growth . GDP Growth forecast at 7% to 8% this financial year and for the next decade Chinese GDP growth (%) 16 14 12 10 8 6 4 GDP growth Global Insight 2 Consensus IMF—WEO 0 1980 1985 1990 1995 2000 2005 2010 2015 2020 Source: Global Insight, IMF. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 41
bhpbilliton resourcing the future Strength in diversity . The value of our diversified strategy was reflected in the Group’s Underlying EBIT margin of 39%1 . Net operating cash flow of US$12.1 billion in H2 FY12 declined by 1% when compared with H1 FY12 and demonstrated the cash generating capacity of our business throughout the economic cycle . Underlying return on capital was 23% or 27% excluding capital investment associated with projects not yet in production Underlying EBIT1 (%) 100 75 50 25 0 FY03 to FY12 FY12 Iron Ore Metallurgical Coal D&SP Petroleum Energy Coal SSM Base Metals Manganese Aluminium Net operating cash flow2 (US$ billion) 32 H1 H2 24 16 8 0 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 Excludes third party trading activities. Cash flow reflects proportional consolidation of joint ventures for FY07 and future periods. Exploration expenditure incurred which has not been capitalised has been re-classified to net operating cash flow for FY06 and future periods. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 42
bhpbilliton resourcing the future The power of our diversified model EBIT margin¹ (%) 80 60 40 20 0 FY02² FY03 FY04 FY05 FY06 FY07 FY08 FY09² FY10 FY11 FY12² Petroleum Aluminium Base Metals D&SP SSM Iron Ore Manganese Metallurgical Coal Energy Coal Total 1. Calculated on the basis of UKGAAP for periods prior to FY05, except for the exclusion of PRRT from Petroleum’s and BHP Billiton Group’s results for all periods. All periods exclude third party trading activities. The Exploration and Technology business has been included in BHP Billiton Group’s results from FY02 to FY05 and excluded from Diamonds and Specialty Products. 2. Negative margins are not shown as the y-axis is set at zero. SSM had a negative EBIT margin in FY02 and FY09. Aluminium had a negative EBIT margin in FY12. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 43
bhpbilliton resourcing the future Decisive actions in a challenging market . Despite the rate of cost escalation being exacerbated by a number of temporary factors, we are targeting significant cost reductions in FY13 . Decisive action, including site closures and temporary stoppages, has been taken across the Group to respond to industry wide cost pressure to ensure we remain at the lower end of the cost curve . Queensland Coal and Escondida will benefit significantly as production recovers from recent challenges . WAIO will fully benefit from the acquisition of the HWE mining subsidiaries in FY13 . It is important Governments provide a stable and predictable policy environment to support the industry FY12 cash costs escalation1 (%) +5% Metallurgical Coal Aluminium Base Metals Energy Coal Petroleum Labour, raw materials and other² Manganese Major outages and disruptions² Iron Ore SSM 1. Increase in FY12 cash costs, including Major outages and disruptions, excluding the impact of energy costs, inflation, exchange rate volatility and non-cash items, divided by FY11 cash costs. Excludes the non-operated Richards Bay Minerals operation and the EKATI diamond mine (both part of the D&SP CSG). 2. The impact of wet weather and industrial action at Escondida and Queensland Coal, and the outage at Hillside, are excluded from Labour, raw materials and other; included in Major outages and disruptions. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 44
bhpbilliton resourcing the future Superior returns throughout the cycle . Our proven strategy has delivered sector leading returns . With 19 major, largely brownfield projects currently in execution, we are on track to continue to deliver industry leading returns . We have returned US$53.8 billion1 to shareholders over the last 10 years . The unique diversification of our high quality asset portfolio means we are very well placed for the inevitable evolution of commodities demand Total shareholder returns over 10 years2 (%) 700 600 500 400 300 200 100 0 BHP Billiton Peer 1 Peer 2 Peer 3 Source: Datastream; annual reports; press releases; BHP Billiton analysis. 1. Refers to the period FY03 to FY12; includes buy-backs and dividends. 2. Peer group based on LSE constituents: Rio Tinto, Anglo American and Xstrata. TSR assumptions include: US dollar terms and weighted average for dual listed companies; calculated over the period 30 June 2002 until 30 June 2012. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 45
Port Hedland, Iron Ore, Australia Marius Kloppers Chief Executive Officer Annual General Meeting 29 November 2012 bhpbilliton resourcing the future
Jac Nasser Chairman Annual General Meeting 29 November 2012 bhpbilliton resourcing the future
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 48
Port Hedland, Iron Ore Australia Questions bhpbilliton resourcing the future
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business Item 1: Receive financial statements and reports BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 50
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business Items 2-14: Election of Directors BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 51
bhpbilliton resourcing the future Pat Davies Member Remuneration Committee BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 52
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business Items 2-14: Election of Directors BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 53
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business Item 15: Reappointment of auditor of BHP Billiton Plc BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 54
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business Item 16: General authority to issue shares in BHP Billiton Plc BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 55
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business Item 17: Issuing shares in BHP Billiton Plc for cash BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 56
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business Item 18: Repurchase of shares in BHP Billiton Plc BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 57
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business Item 19: Remuneration Report BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 58
bhpbilliton resourcing the future STI, LTI and Company Performance Average STI reward for current GMC members vs profit attributable to shareholders (excluding exceptional items) 24 100 items exceptional 18 75 (as % Average of excluding billion) 12 50 maximum STI payments “ (US$ attributable award) 6 25 Profit 0 0 FY2008 FY2009 FY2010 FY2011 FY2012 Profit attributable—excluding exceptional items ($US billion) Average STI payment for current GMC members (as % of maximum award) Value of US$100 invested over the 2007 LTIP cycle (with dividends reinvested) $250 BHP Billiton Limited ASX100 July 2007 $200 1 to $150 rebased $100 TSR US$ $50 $0 2007 2008 2009 2010 2011 2012 Year ended 30 June BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 59
bhpbilliton resourcing the future CEO Remuneration Mix Total CEO Remuneration (US$ million) 2011 12 US$11.06m Long-term 10 incentive (expected value) 8 2012 Short-term At risk US$6.63m incentive 6 (deferred shares) Long-term Short-term incentive At risk incentive (expected value) 4 (cash) 2 Salary, pension Salary, pension Fixed Fixed and benefits1 and benefits1 0 1. Health and other insurances and the costs of preparing taxation returns in multiple jurisdictions. BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 60
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business Item 19: Remuneration Report BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 61
bhpbilliton resourcing the future Agenda Chairman’s address CEO’s address Questions Items of business
Item 20: Approval of Long-Term Incentive performance shares to Executive Director BHP Billiton Limited Annual General Meeting, 29 November 2012 Slide 62
bhpbilliton resourcing the future
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.
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