H1 2013 Results Presentation
.pdf
EBITDA
US$ million
Consolidated EBITDA reconciliation |
30 June 2013 |
30 June 2012 |
|
|
|
Profit from operations |
183 |
439 |
|
|
|
Add: |
|
|
|
|
|
Depreciation, depletion and amortisation |
562 |
668 |
|
|
|
Impairment of assets |
7 |
80 |
|
|
|
Loss on disposal of property, plant & equipment |
10 |
25 |
|
|
|
Foreign exchange (gain) loss |
177 |
(28) |
|
|
|
Consolidated EBITDA |
939 |
1,184 |
|
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|
H1 2013 Financial Results |
30 |
Free cash flow
US$ million
Free cash flow calculation |
30 June 2013 |
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|
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|
EBITDA |
939 |
|
|
|
|
Changes in working capital |
(150) |
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|
|
|
Income tax paid |
(126) |
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|
|
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Other |
(35) |
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|
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|
Cash flows from operating activities |
628 |
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|
|
|
Net interest and similar payments |
(273) |
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|
|
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Capital expenditures |
(492) |
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|
|
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Short-term deposits of acquiree (at the date of business combination) |
- |
|
|
|
|
Purchases of interests in associates, joint ventures and subsidiaries, net of |
66 |
|
cash acquired |
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Proceeds from sale of disposal groups classified as held for sale, net of |
(1) |
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transaction costs |
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Other cash flows from investing activities |
(15) |
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|
Free cash flow |
(87) |
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H1 2013 Financial Results |
31 |
Total debt
US$ million
Total debt calculation |
30 June 2013 |
31 December 2012 |
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(US$ million) |
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Long-term loans, net of current portion |
6,750 |
6,373 |
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|
|
|
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Short-term loans and current portion of long-term loans |
1,453 |
1,783 |
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Add back: Unamortised debt issue costs |
78 |
116 |
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|
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Nominal effect of cross-currency swaps on principal of |
193 |
76 |
|
rouble-denominated notes |
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Loans of assets classified as held for sale |
120 |
79 |
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|
|
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Finance lease liabilities, including current portion |
12 |
13 |
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|
|
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Total Debt under new approach |
8,606 |
8,440 |
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|
|
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Nominal effect of cross-currency swaps on principal of |
n/a |
(76) |
|
rouble-denominated notes |
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Unamortised debt issue costs |
n/a |
(116) |
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|
|
|
|
Total Debt, as previously reported |
n/a |
8,248 |
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|
|
|
|
H1 2013 Financial Results |
32 |
Net debt
US$ million
Net debt calculation |
30 June 2013 |
31 December 2012 |
|
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|
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Total Debt |
8,606 |
8,440 |
|
|
|
|
|
Short-term bank deposits |
(0) |
(674) |
|
|
|
|
|
Cash and cash equivalents |
(1,471) |
(1,320) |
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|
|
|
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Cash of assets classified as held for sale |
(66) |
(70) |
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Collateral under swaps |
(26) |
- |
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Net Debt under new approach |
7,043 |
6,376 |
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Nominal effect of cross-currency swaps on principal of rouble- |
n/a |
(76) |
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denominated notes |
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Unamortised debt issue costs |
n/a |
(116) |
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|
|
|
Net Debt, as previously reported |
n/a |
6,184 |
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H1 2013 Financial Results |
33 |
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29 August 2013