BHP BILLITON PLC - 2013 Global Metals, Mining and Steel Conference

2013 Global Metals, Mining and Steel Conference

Issued by:                   BHP Billiton Plc


Date:                        14 May 2013


To:                          London Stock Exchange
                             JSE Limited


For Release:                 Immediately


Contact:                     Elizabeth Hobley +44 (0) 20 7802 4054



      BHP Billiton Plc – Our strategy will deliver substantial growth in free cash flow


UK Listing Authority Submission

BHP Billiton Chief Executive Officer, Andrew Mackenzie, will present at the Bank of America
Merrill Lynch 2013 Global Metals, Mining and Steel Conference in Barcelona today.

When discussing his presentation, Mr Mackenzie said: “Our enduring strategy has worked well
for the company and its shareholders. In fact, strict adherence to this strategy is what has
differentiated us and I intend to give it an even sharper focus.”

“You will recognise my passion for our productivity agenda and this extends to our development
projects. We must challenge ourselves to increase returns from new investment, in the same
way that we need to squeeze returns from our installed infrastructure. In this regard, capital and
exploration expenditure for the 2014 financial year will decline significantly, to approximately
US$18 billion, and the rate of spend is expected to decline substantially thereafter. By reducing
our annual spend and increasing internal competition for capital, we expect to maximise returns
from incremental investment, while delivering a substantial increase in the Group’s free cash
flow,” he added.

Mr Mackenzie concluded by saying: “This is a wonderful time to be at the helm of the world’s
largest natural resources company. We believe our strategy, when combined with our great ore
bodies, will deliver stronger margins throughout the economic cycle, a simpler and more capital
efficient structure, a substantial increase in free cash flow and growth in shareholder value.”

A copy of the presentation has been submitted to the National Storage Mechanism and will
shortly be available for inspection at: www.hemscott.com/nsm.do.

The document may also be accessed via BHP Billiton’s website (www.bhpbilliton.com) or by
using the following web link:
http://www.bhpbilliton.com/home/investors/reports/Documents/2013/130514_BoAML_2013Glo
balMetalsMiningSteelConference.pdf


BHP Billiton Plc Registration number 3196209
Registered in England and Wales
Registered Office: Neathouse Place London SW1V 1BH United Kingdom

A member of the BHP Billiton Group which is headquartered in Australia


Sponsor: Absa Capital (the investment banking division of Absa Bank Limited, affiliated with
Barclays)

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