Investor Presentaiton
Solid Financial Position vs. Peers
Strong financial performance compared to largest global diversified miners
EBITDA Margin*
Interest Coverage
BHP
Billiton
42%
BHP
Billiton
Net Leverage Ratio
35,5x
BHP
Billiton
0,7x
Norilsk
Nickel
41% Rio Tinto
23,0x
Norilsk
Nickel
0.8x
Vale
37%
Norilsk
Nickel
20.8x
Anglo
American
1,0x
Rio Tinto
31%
Xstrata
Anglo
America
27%
Vale
14,1x
n
Xstrata
26%
Anglo
American
9,6x
Source:
Note:
NORILSK NICKEL
20,5×
Rio Tinto
1,2x
Companies' 2012 annual reports
BHP Billiton financial year ended 30 June 2012
*Adjusted EBITDA for non-current or exceptional items
Interest coverage is evaluated as a ratio of company/Group's adjusted EBITDA to interest expenses
Net leverage ratio is evaluated as a ratio of company/Group's net indebtedness to adjusted EBITDA
Vale
Xstrata
1,5x
1,9x
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