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| Business Description | |
| Company's activities |
BHP Billiton is one of the largest diversified resources company in the world operating in over 50 countries. Core activities comprise the production and distribution of minerals, mineral products and petroleum. |
| Strategic Analysis | |
| Analysis of company's stated forward thinking |
BHP's strategy is to remain a well managed global resource leader with a balanced portfolio of quality world class, long life assets. The goal is to create long-term value through the discovery, development and conversion of natural resources, and the provision of innovative customer and market-focused solutions. Maintenance of a low cost operating position and a strong capital structure are key to the growth strategy. The company has over 100 assets in 25 countries on six continents. Over two thirds of BHP's turnover is generated in the relative safe havens of Australia/NZ, North America and Europe. A key strategy is to actively manage and build the portfolio of high-quality assets and services. Many of the prime assets are well located to service Asia, China in particular. Production covers major commodity groupings including petroleum, alumina, copper, gold, iron ore, metallurgical coal, energy coal, nickel, and diamonds. Diversification lends comfort from a sovereign and commodity risk perspective. BHP aims to lead through innovation in every facet of its operations.BHP Billiton reported NPAT up 47.8% to US$4.36bn for the half year ended 31 December 2005. Revenue from ordinary activities grew 19.5% from the pcp to US$15.92bn. Diluted EPS was US71.6 cents, compared to US47.5 cents last year. Net operating cash flow was up 34.75% to US$4.31bn, compared with US$3.2bn in the pcp. The interim dividend declared was US17.5 cents, up US4cps from the pcp. In regards with the outlook, the company mentioned positive demand environment and the continued inability of the supply side to respond fast enough to increased demand. Prices continue to remain strong relative to historical levels. In BHP's view, emerging markets are likely to enjoy robust economic conditions. Chinese economic growth is likely to slow somewhat in 2006, but will remain at a relatively high level. |
| Last Financial Year End | |
| Reporting period |
30/06/06 |
| Indices | |
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Data and Analysis provided by Huntley Investment Information Pty Ltd
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