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BIL 201605100020A
2016 Global Metals Mining and Steel Conference
BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504
Issued by: BHP Billiton Plc
Date: 10 May 2016
To: London Stock Exchange
JSE Limited
For Release: Immediately
Contact: Helen Ratsey +44 (0) 20 7802 7540
BHP Billiton Plc – 2016 Global Metals, Mining and Steel Conference Presentation
UK Listing Authority Submissions
The following document has today been submitted to the National Storage Mechanism
and will shortly be available for inspection at www.hemscott.com/nsm.do:
• 2016 Global Metals, Mining and Steel Conference Presentation
The document may also be accessed via BHP Billiton’s website - www.bhpbilliton.com
BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place London SW1V 1LH United Kingdom
A member of the BHP Billiton Group which is headquartered in Australia
Sponsor: UBS South Africa (Pty) Limited
NEWS RELEASE
Release Time IMMEDIATE
Date 10 May 2016
Release Number 13/16
BHP BILLITON OUTLINES STRATEGY TO GROW VALUE
BHP Billiton Chief Executive Andrew Mackenzie today outlined a strategy focused on
value creation and growing cash returns to shareholders.
Speaking at the Bank of America Merrill Lynch Conference, Mr Mackenzie said
BHP Billiton can create value in all market conditions.
“Although we remain confident in the long term outlook for commodities, we are not
waiting for prices to recover. We have everything we need in our portfolio right now to
significantly increase the value of the Company,” he said.
Mr Mackenzie outlined five areas in which the Company plans to create value:
“We will continue to improve productivity, with a further US$3.6 billion of gains
expected by the end of the 2017 financial year. Unit costs in our major businesses
are expected to fall to almost half the levels experienced five years ago. We are
maintaining momentum with more to come.”
“We will also invest in projects to unlock the latent capacity of our assets. These
could add over 1 million tonnes of copper equivalent capacity at a total capital cost
of less than US$1.5 billion. This is equivalent to more than 10 percent of
BHP Billiton’s total current production. We will also maximise the value of our high
quality shale assets in a disciplined manner as prices recover.”
“Our quality portfolio of tier 1 assets offers attractive medium-term growth options.
We have identified and quantified quality growth projects in oil and copper, with
investment decisions on the Mad Dog 2 and Spence projects expected within
18 months.”
“We are increasing our exploration activity to take advantage of falling costs as
others pull back. We have embarked upon one of our most significant oil
exploration programs, accelerating activity in our three priority basins. Following
the positive exploration results at Shenzi North, we plan to drill a further
exploration well (Caicos) in July 2016 on our nearby Green Canyon 564 lease
(BHP Billiton interest 100 percent). We will also increase the number of copper
targets we test this year by 38 percent.”
“We have established a new global technology function to implement integrated
programs to unlock resources and lower costs. We have opportunities identified at
a number of our major assets that we expect to create significant value over time.”
Mr Mackenzie reiterated that BHP Billiton has the portfolio quality and financial
capability to deliver on its growth strategy.
“We have the financial strength and the flexibility to pursue a diverse range of
opportunities and grow value per share at all points in the cycle, and we have a clear
and simple strategy in place to deliver that growth.”
Read the speech: http://www.bhpbilliton.com/investors/reports/BHP-Billiton-outlines-
strategy-to-grow-value.
Further information on BHP Billiton can be found at: bhpbilliton.com
Media Relations Investor Relations
Australia and Asia Australia and Asia
Eleanor Colonico Tara Dines
Tel: +61 3 9609 2360 Mobile +61 407 064 748 Tel: +61 3 9609 2222 Mobile: +61 499 249 005
Email: Eleanor.Colonico@bhpbilliton.com Email: Tara.Dines@bhpbilliton.com
Paul Hitchins Andrew Gunn
Tel: +61 3 9609 2592 Mobile +61 419 315 001 Tel: +61 3 9609 3575 Mobile: +61 402 087 354
Email: Paul.Hitchins@bhpbilliton.com Email: Andrew.Gunn@bhpbilliton.com
Fiona Hadley United Kingdom and South Africa
Tel: +61 3 9609 2211 Mobile +61 427 777 908
Email: Fiona.Hadley@bhpbilliton.com Rob Clifford
Tel: +44 20 7802 4131 Mobile: +44 7788 308 844
United Kingdom and South Africa Email: Rob.Clifford@bhpbilliton.com
Ruban Yogarajah Americas
Tel: +44 207 802 4033 Mobile +44 7827 082
022 James Wear
Email: Ruban.Yogarajah@bhpbilliton.com Tel: +1 212 310 1421 Mobile: +1 347 882 3011
Email: James.Wear@bhpbilliton.com
Jennifer White
Tel : +44 207 802 7462 Mobile +44 7827 253 764 Joseph Suarez
Email: Jennifer.White@bhpbilliton.com Tel: +1 212 310 1422 Mobile: +1 646 400 3803
Email: Joseph.Suarez@bhpbilliton.com
North America
Jaryl Strong
Tel: +1 713 499 5548 Mobile: +1 281 222 6627
Email: Jaryl.Strong@bhpbilliton.com
BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209
Registered in Australia Registered in England and Wales
Registered Office: Level 18, 171 Collins Street Registered Office: Neathouse Place
Melbourne Victoria 3000 Australia London SW1V 1LH United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111
Members of the BHP Billiton Group which is
headquartered in Australia
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