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
October 17, 2018
| 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)
NOVA SOUTH, 160 VICTORIA STREET LONDON, SW1E 5LB 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: ☒ 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 ☒ 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 Plc Annual General Meeting 2018
Disclaimer
Forward-looking statements
This presentation contains forward-looking statements, including statements regarding: trends in commodity prices and
currency exchange rates; demand for commodities; plans, strategies and objectives of management; closure or divestment of certain operations or facilities (including associated costs); anticipated production or construction commencement dates;
capital costs and scheduling; operating costs and shortages of materials and skilled employees; anticipated productive lives of projects, mines and facilities; provisions and contingent liabilities; tax and regulatory developments.
Forward-looking statements can be identified by the use of terminology including, but not limited to, ‘intend’, ‘aim’, ‘project’,
‘anticipate’, ‘estimate’, ‘plan’, ‘believe’, ‘expect’, ‘may’, ‘should’, ‘will’, ‘continue’, ‘annualised’ or similar words. These statements discuss
future expectations concerning the results of operations or financial condition, or provide other forward-looking 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. Readers are cautioned not to put undue reliance on forward-looking statements.
For example, future revenues from our
operations, projects or mines described in this presentation will be based, in part, upon the market price of the minerals, metals or petroleum produced, which may vary significantly from current levels. These variations, if materially adverse, may
affect the timing or the feasibility of the development of a particular project, the expansion of certain facilities or mines, or the continuation of existing operations.
Other factors that may affect the actual construction or production commencement dates, costs or production output and anticipated lives of operations, mines or facilities include
our ability to profitably produce and transport the minerals, petroleum and/or metals extracted to applicable markets; the impact of foreign currency exchange rates on the market prices of the minerals, petroleum or metals we produce; activities of
government authorities in some of the countries where we are exploring or developing these projects, facilities or mines, including increases in taxes, changes in environmental and other regulations and political uncertainty; labour unrest; and
other factors identified in the risk factors discussed in BHP’s filings with the US Securities and Exchange Commission (the ‘SEC’) (including in Annual Reports on Form 20-F) which are available on the SEC’s website at
www.sec.gov.
Except as required by applicable regulations or by law, the Group 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 and other
financial information
BHP results are reported under International Financial Reporting Standards (IFRS). This presentation may also include certain non-IFRS (also
referred to as alternate performance measures) and other measures including Underlying attributable profit, Underlying EBITDA (all references to EBITDA refer to Underlying EBITDA), Underlying EBIT, Adjusted effective tax rate, Controllable cash
costs, Free cash flow, Gearing ratio, Net debt, Net operating assets, Operating assets free cash flow, Principal factors that affect Underlying EBITDA, Underlying basic earnings/(loss) per share, Underlying EBITDA margin and Underlying return on
capital employed (ROCE) (all references to return on capital employed refer to Underlying return on capital employed), Underlying return on invested capital (ROIC). These measures are used internally by management to assess the performance of our
business and segments, make decisions on the allocation of our resources and assess operational management. Non-IFRS and other 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.
Presentation of data
Unless specified otherwise: variance analysis relates to the relative performance of BHP and/or its operations during the 2018 financial year compared with the 2017 financial year;
operations includes operated assets and non-operated assets; total operations refers to the combination of continuing and discontinued operations; continuing operations refers to data presented excluding the impacts of South32 from the 2014
financial year onwards, and Onshore US from the 2017 financial year onwards; copper equivalent production based on 2017 financial year average realised prices; references to Underlying EBITDA margin exclude third party trading activities; data from
subsidiaries are shown on a 100 per cent basis and data from equity accounted investments and other operations is presented, with the exception of net operating assets, reflecting BHP’s share; medium term refers to our five year plan.
Queensland Coal comprises the BHP Billiton Mitsubishi Alliance (BMA) asset, jointly operated with Mitsubishi, and the BHP Billiton Mitsui Coal (BMC) asset, operated by BHP. Numbers presented may not add up precisely to the totals provided due to
rounding.
No offer of securities
Nothing in this presentation should be
construed as either an offer or a solicitation of an offer to buy or sell BHP securities in any jurisdiction, or be treated or relied upon as a recommendation or advice by BHP.
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.
BHP
BHP
Ken MacKenzie
Chairman
BHP
BHP
Set for success
Simpler
Stronger
More efficient
More disciplined
BHP
BHP
Safety
Portfolio
Capital discipline
Capability and culture
Social licence
BHP
Safety
BHP
Portfolio
We’re focused on high
quality, low cost assets
that generate strong cash
flows through the cycle
BHP
Petroleum
Conventional
petroleum remains
an important part of
our portfolio
BHP
Capital discipline
Capital Allocation Working Group
Capex below US$8 billion for FY2019 and FY2020
Net debt range of US$10-15 billion in the medium term
Returned US$6.3 billion to shareholders
BHP
Capability and culture
BHP
Your Board
Ken MacKenzie
Andrew Mackenzie
Carolyn Hewson
Malcolm Broomhead
Anita Frew
Shriti Vadera
Lindsay Maxsted
Wayne Murdy
Terry Bowen
John Mogford
BHP
BHP
Wayne Murdy
Social licence
Trust is
at the core of social license
BHP
Community
When we
succeed, the communities in which we operate should also succeed
BHP
Samarco
New Bento
Rodrigues
Tailings remediation
River Remediation
New Bento Rodrigues
Safety
Portfolio
Capital discipline
Capability and culture
Social licence
BHP
BHP
Andrew Mackenzie
Chief Executive Officer
Strong foundations
BHP
Safety
Safety is our top
priority
BHP
Safety
>1 million
field leadership interactions 8% reduction in high potential injuries TRIF at operated assests of 4.4
High potential injuries - injury events where there was the
potential for a fatality.
TRIF - Total recordable injury frequency is calculated based on the number of recordable injuries per million hours worked.
BHP
Samarco
Sustainability
BHP
Water Report
BHP
Strong FY2018 results
Free cash flow of US$12.5 billion
Underlying profit increased by 33 per cent
to US$8.9 billion
Record final dividend of US63 cents per share
BHP
Iron Ore
Coal
Petroleum
Copper
BHP
Nine significant projects
Jansen Development Option Potash
Mad Dog 2 Petroleum
Spence Growth Option Copper
Escondida Water Supply Extension Copper
Greater Western Flank-B Petroleum
WAIO 290 Mtpa Iron Ore
Caval Ridge Southern Circuit Metallurgical Coal
South Flank Iron Ore
Olympic Dam SMA Copper
Major projects - minerals Latent capacity - minerals Major projects -
petroleum
BHP
Future of demand
BHP
Our people
BHP
Technology
BHP
BHP
BHP
34
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.
| BHP Billiton Limited and BHP Billiton Plc | ||||||
| Date: October 17, 2018 | By: | /s/ Rachel Agnew | ||||
| Name: | Rachel Agnew | |||||
| Title: | Company Secretary | |||||