KAZAKHMYS PLC announces audited consolidated financial results of operation in Y2009

April 30. KASE

KAZAKHMYS PLC announces audited consolidated financial results of operation in Y2009This preliminary results announcement includes the audited consolidated financial results of the Kazakhmys Group for the year ended 31 December 2009, including the Group’s proportionate share of the unaudited earnings of ENRC PLC (ENRC), in which the Group has a 26% shareholding, on an equity accounted basis.

2009 HIGHLIGHTS

– EBITDA (excluding special items) of USD 1,634 m

– USD1.211 m from managed businesses

– USD423 m contribution from ENRC

– Underlying profit for the year of USD602 m

– USD223 m contribution from ENRC

– EPS of USD1.13 based on Underlying Profit

– Higher rate tax in 2009 reduced earnings

– Corporate income tax charge of USD261 m impacted by one off items

– Mineral extraction tax charge of USD164 m

– All-in effective tax rate (CIT and MET) likely to reduce in 2010 with higher copper prices

– Shareholders funds USD6.582 m

– Net debt of USD689 m from continuing operations, compared to USD1.628 m as on December 31, 2008

– Draw down of first USD300 m of CDB loan in March 2010 to fund Bozymchak and other growth projects

– Revolving credit facilities increased to USD250 m and extended

– Value of ENRC holding USD5.944 m at March 29, 2010

– Dividend

– Dividend already declared of 9 US cents per share

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