Evercore Investment Banking Pitch Book
Introduction
McMoRan Corporate Structure and Ownership
Freeport McMoRan
Copper & Gold Inc.
(FCX)
Holds 500,000 shares of convertible perpetual preferred stock. Each preferred share is
initially convertible into 62.5 shares of MMR common stock at an initial conversion
price of $16.00 per share.
As of December 31, 2011, the convertible preferred shares would have equated to
31,250,000 common shares had they been converted, representing a 16.2% ownership
of all MMR outstanding shares on December 31, 2011.
100%
Freeport Sulphur Company
33.33%
Grande Ecaille Land
Company, Inc.
100%
100%
Freeport-McMoRan Energy LLC
100%
Freeport Egyptian Sulphur Company
Southern Bayou Holdings LLC
Southern Pearl Holdings LLC
Tank Barge LLC
Freeport Pipeline Company
Freeport Rotterdam, Inc.
Freeport-McMoltan Development LLC
Public Ownership)
99.5%
68.5%
McMoRan Exploration Co.
(MMR)
100%
Freeport International,
Inc.
0.05%
Freeport Azufre
Limitada
Plains Exploration &
Production Company
(PXP)(¹)
31.5%
100%
McMoran Oil & Gas LLC
(MOXY)
(1) Applicable ownership percentage assumes Convertible Perpetual Preferred shares held by Freeport McMoRan Copper and Gold Inc. have not yet been converted
EVERCORE PARTNERS
100%
Freeport Canadian Exploration Company
K-Me Venture I LLC
McMoRan International Inc.
Confidential
MOMORANView entire presentation