ABMEC

Rio Tinto’s autonomous haul trucks achieve one billion tonne milestone

23/02/2018

Rio Tinto chief executive J-S Jacques said “Today we have announced a strong set of results with operating cash flow of $13.9 billion, a record full year dividend of $5.2 billion and an additional $1 billion share buy-back. This brings total cash returns to shareholders to $9.7 billion declared for 2017.

“The strength of our cash flow is a result of resilient prices during the year coupled with a robust operational performance and a focus on mine to market productivity.
“Our strong balance sheet, world-class assets and disciplined allocation of capital puts us in the unique position of being able to invest in high-value growth through the cycle, and consistently deliver superior cash returns to shareholders.”
2017 highlights
• Record full year ordinary dividend announced today of $5.2 billion, equivalent to 290 US cents per share, includes final dividend of $3.2 billion, equivalent to 180 US cents per share.
• Additional share buy-back of $1.0 billion in Rio Tinto plc shares announced today, to be completed by the end of 2018.
• Generated operating cash flow of $13.9 billion, underlying EBITDA1 of $18.6 billion and a ten year record EBITDA margin2 of 44 per cent.
• Delivered underlying earnings of $8.6 billion and net earnings of $8.8 billion.
• Achieved $0.4 billion of additional free cash flow from mine to market productivity programme3, against a backdrop of rising raw material costs across the industry.
• Investing in growth with Silvergrass in production, Amrun and Oyu Tolgoi projects on track.
• Reshaping the portfolio with $2.7 billion of divestments in 2017.
• Reduced net debt to $3.8 billion

Contacts:

Media Relations, United Kingdom
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
Jonathan Rose
Office: +61 (0) 3 9283 3088
Mobile: +61 (0) 447 028 913

Investor Relations, United Kingdom
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

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