Rio Tinto Japan リオ ティント ジャパン

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2017年08月02日
リオティント、2017年上半期決算を発表 – 63億米ドルのキャッシュを創出し、30億米ドルを株主へ還元

Rio Tinto announces cash generation of $6.3 billion and cash returns to shareholders of $3.0 billion

Rio Tinto chief executive J-S Jacques said “Today we have announced total cash returns to shareholders of $3 billion. By driving performance, focusing on cash and allocating it with discipline we are delivering superior cash returns to our shareholders.

“These are strong results: operating cash flow was $6.3 billion and we met our $2 billion cash cost reduction target six months early. We are now shifting gear to focus on the untapped value from our productivity programme and continue to strengthen our portfolio to build higher returns for the future. We announced the sale of our thermal coal business in Australia for $2.7 billion and are making good progress on our compelling growth projects – Oyu Tolgoi, Amrun and Silvergrass.”

First half 2017 highlights

  • Generated operating cash flow of $6.3 billion, EBITDA1 of $9.0 billion and EBITDA margin2 of 45 per cent.
  • Delivered underlying earnings of $3.9 billion and net earnings of $3.3 billion.
  • Achieved $2.1 billion of pre-tax sustainable operating cash cost improvements3 in 2016 and 2017 first half, meeting the target six months ahead of schedule.
  • Strengthening the portfolio with all three growth projects on track and a $2.7 billion disposal announced in 2017 first half.
  • Reduced net debt by $2.0 billion to $7.6 billion, with gross debt4 lowered by $2.5 billion.
  • Returning cash to shareholders of $3.0 billion with respect to 2017 first half:
  • Declared interim dividend of 110 US cents per share, equivalent to $2.0 billion.
  • An increased share buy-back of $1.0 billion in Rio Tinto plc shares by the end of 2017.
  • In total represents 75 per cent of 2017 first half underlying earnings.


The financial results are prepared in accordance with IFRS and are unaudited.

1 Underlying EBITDA and earnings are key financial performance indicators which management use internally to assess performance. They are presented here to provide greater understanding of the underlying business performance of the Group’s operations. Net and underlying earnings relate to profit attributable to the owners of Rio Tinto. Underlying EBITDA and earnings are defined on page 12. Underlying earnings is reconciled to net earnings on page 62.
2 EBITDA margin is defined as Group underlying EBITDA divided by Product Group total revenues as per the Financial Information by Business Unit on page 10 where it is reconciled to profit on ordinary activities before finance items and taxation and consolidated sales revenue. This financial metric is used by management internally to assess performance, and therefore is considered relevant to users of the accounts.
3 Operating cash cost improvements represent the difference between the current and prior year full cash cost of sales per unit based on the prior year volume sold.
4 Gross debt is defined as Adjusted total borrowings on page 43.


Contacts:

Media Relations, EMEA / Americas
Illtud Harri
Office: +44 (0) 20 7781 1152
Mobile: +44 (0) 7920 503 600

David Outhwaite
Office: +44 (0) 20 7781 1623
Mobile: +44 (0) 7787 597 493

David Luff
Office: +44 (0) 20 7781 1177
Mobile: +44 (0) 7780 226 422

Media Relations, Australia / Asia
Ben Mitchell
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 419 850 212

Investor Relations, London
John Smelt
Office: +44 (0) 20 7781 1654
Mobile: +44 (0) 7879 642 675

David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978

Nick Parkinson
Office: +44 20 7781 1552
Mobile: +44 7810 657 556

Investor Relations, Australia
Natalie Worley
Office: +61 (0) 3 9283 3063
Mobile: +61 (0) 409 210 462

Rachel Storrs
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 417 401 018

リオティント、2017年上半期決算を発表 – 63億米ドルのキャッシュを創出し、30億米ドルを株主へ還元