Investor Presentaiton
Norilsk Nickel's Shareholders Return1
Indexed Share Price Dynamic
%
190
170
150
130
110
90
70
50
Dec-09
Mar-10
Jun-10
Sep-10
Dec-10
Mar-11
Jun-11
Sep-11
Dec-11
Mar-12
Jun-12
Sep-12
Norilsk Nickel
Nickel Peers
Diversified Mining Peers
TSR1 2009-2012
50
40%
30
10
(10)
(30)
(50)
(70)
(90)
%
Norilsk Nickel
18%
11%
9%
Average: -1%
BHP Billiton
Rio Tinto
Teck Resources
Anglo American
(27%)
Vale
-+-
(17%)
Xstrata
48%
15%
11%
(0)
Average: -17%
First Quantum
Independence Group
(1) Total Shareholder Return includes (i) share price appreciation and (ii) cash dividends reinvested in security. Share buybacks are accounted for implicitly in share price appreciation.
Western Areas
(27%)
(37%)
(51%)
(77%)
Aneka Tambang
Vale Indonesia
Eramet
Mirabela Nickel
NORILSK NICKELView entire presentation