Used a few slightly different inputs, but still roughly the same.
Exchange rate is killing us unfortunately. Hopefully we've started shipping more than 90mt
But we have a spare US$5 Billion in the bank for special dividends, buy-back, debt repayments, projects, acquisitions etc
| Primary Inputs |
| H1 FY21 | FY 2020 | FY 2019 |
| Ore Shipped (wmt) |
| 90.00 | 177.20 | 167.50 |
| Ore Sold (wmt) |
| 90.00 | 177.19 | 168.00 |
| Average 62% Fe CFR Platts index, US$/dmt |
| $126.445 | $93.000 | $80.000 |
| Discount to 62% Platts |
| $0.895 | $0.847 | $0.888 |
| C1 costs (US$/wmt) |
| $13.000 | $12.940 | $13.110 |
| Shipping Costs /t (Baltic C5) |
| $8.000 | $6.685 | $6.440 |
| USD to AUD |
| $1.290 | $1.320 | $1.320 |
| Realised price (US$/dmt) |
| $113.130 | $78.808 | $64.813 |
| Realised price (US$/wmt)@91.5% conv |
| $103.514 | $72.110 | $59.304 |
|
|
|
|
|
| Revenue |
|
|
|
|
| Total iron ore revenue, US$ millions |
| $8,716.28 | $11,581.08 | $8,786.01 |
| Total shipping revenue, US$ millions |
| $600.00 | $1,196.00 | $1,177.00 |
| Other revenue, US$ millions (towage) |
| $25.00 | $43.00 | $2.00 |
| Operating sales revenue, US$ millions |
| $9,341 | $12,820 | $9,965 |
|
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|
|
|
| Production costs |
|
|
|
|
| Mining and processing costs, US$ millions (85%) |
| $998 | $1,938 | $1,829 |
| Rail costs, US$ millions (7.82%) |
| $91 | $186 | $190 |
| Port costs, US$ millions (6.8%) |
| $80 | $169 | $176 |
| C1 costs (US$ Millions) |
| $1,170 | $2,293 | $2,196 |
| Ore Sold (wmt) |
| $90 | $177 | $168 |
| C1 costs (US$/wmt) |
| $13 | $13 | $13 |
| Shipping Costs |
| $619 | $1,185 | $1,079 |
| Government royalty @~7.3% |
| $636 | $845 | $653 |
| Admin |
| $60 | $114 | $95 |
| Shipping, royalty and administration, US$ millions |
| $1,315 | $2,144 | $1,827 |
| Ore sold, million wmt |
| $90 | $177 | $168 |
| Shipping, royalty and administration, US$/wmt |
| $15 | $12 | $11 |
| Total delivered cost, US$/wmt |
| $28 | $25 | $24 |
| Total delivered cost, US$/dmt |
| $30 | $27 | $26 |
|
| | | |
| Production All in Costs |
| $2,485 | $4,437 | $4,023 |
| Fair value change in derivatives |
| | -$30 | |
| Other expenses??? | | | -$6 | -$3 |
|
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|
|
|
| Underlying EBITDA |
|
|
|
|
| Operating sales revenue |
| $9,341 | $12,820 | $9,965 |
| Cost of sales excluding depreciation and amortisation | -$2,545 | -$4,359 | -$3,931 |
| Net foreign exchange gain |
| $- | $52 | $110 |
| Administration expenses |
| -$60 | -$114 | -$95 |
| Other income /(expenses) |
| $- | -$24 | -$2 |
| Underlying EBITDA (US$M) |
| $6,736 | $8,375 | $6,047 |
| Finance income |
| $200 | $50 | $26 |
| Finance Expense |
| -$100 | -$272 | -$279 |
| Depreciation & ammortisaion |
| -$800 | -$1,400 | -$1,196 |
| Exploration, development and other expenses |
| -$50 | -$63 | -$29 |
| Net profit before tax |
| $5,986 | $6,690 | $4,569 |
| Income tax expense |
| $1,795.74 | $1,955 | $1,383 |
| Net profit after tax |
| $4,190 | $4,735 | $3,187 |
| Cost of early debt repayment after tax |
| $- | $11 | $- |
| Underlying net profit after tax |
| $4,190 | $4,746 | $3,187 |
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|
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|
|
|
|
|
|
| NPAT (US$ millions) |
| $4,190.06 | $4,735.22 | $3,186.82 |
| Capital (US$ millions) |
| $1,600.00 |
|
|
| Cash @ 31/12/2020 | | $7,168.79 |
|
|
| Basic earnings per share (US ) |
| $1.36 | $1.54 | $1.03 |
| A$ earnings per share (AUD ) |
| $1.75 | $2.03 | $1.37 |
| Dividends (FF A$/share) FY21@ 77% | | $1.35 | $1.76 | $1.14 |
| Share prince |
| $24.80 | $10.75 | $4.30 |
| Dividend Yield |
| 10.9% | 16.4% | 26.5% |
| Gross Dividend Yield |
| 15.6% | 23.4% | 37.9% |
(20min delay)