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Freeport-McMoRan Inc. Message Board

  • busy26795 busy26795 Dec 5, 2012 10:58 AM Flag

    FCX investor presentation notes....the arbs will have to cover after CC begins

    05-Dec-12 10:26 ET


    Freeport-McMoRan released its presentation slides ahead of the conf. call at 11am EST.

    FCX noted benefits of the transaction. •High quality U.S. resource base provides exposure to energy market with attractive fundamentals (~85% of acquired revenues from oil)
    •Favorable entry point to source of low cost, long-term gas supply
    •Significant exploration upside
    •Strong margins and cash flows to fund growth (O&G EBITDA margins of ~75%)
    •Diversification expands portfolio of attractive investment opportunities
    •Access to low-cost debt financing.

    Geographic and Commodity Diversification:

    Existing- Mining 100% (Indonesia 31%, North America 29%, South America 29%, Africa 11%)

    Proforma- Mining 74%, Oil and gas 26% (North America 48%, Indonesia 23%, South America 21%, Africa 8%).

    Sentiment: Strong Buy

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