Anglo American Annual Report 2012

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OPERATING AND FINANCIAL REVIEW KEY PERFORMANCE INDICATORSMEASUREMENTAND TARGETSStrategic elementsINVESTINGIn world class assets in themost attractive commoditiesTurn to page 14ORGANISINGEfficiently and effectivelyTurn to page 18OPERATING (1)Safely, sustainablyand responsiblyTurn to page 22KPI targetsTotal shareholder return (TSR)Share price growth plus dividends reinvestedover the performance period. A performanceperiod of three years is used and TSR iscalculated annuallyReturn on capital employed (ROCE)Total underlying operating profit beforeimpairments for the year divided by the averagetotal capital less other investments and adjustedfor impairmentsIn two vital areas of our business – assetoptimisation (AO) and supply chain – we havebeaten our own expectations. By the end of 2011,we had exceeded our targets for both AO andsupply chain, each of which delivered more than$1 billion from core businesses since 2009. As aresult, we no longer report against Group-wideAO and supply chain targetsWork-related fatal injuryfrequency rate (FIFR)FIFR is calculated as the number of fatalinjuries to employees or contractors per200,000 hours workedLost-time injury frequency rate (LTIFR)The number of lost-time injuries (LTIs) per200,000 hours worked. An LTI is an occupationalinjury which renders the person unable toperform his/her regular duties for one full shiftor more the day after the injury was incurred,whether a scheduled workday or notEnergy consumptionMeasured in gigajoules (GJ)Greenhouse gas (GHG) emissionsMeasured in tonnes of CO 2equivalent emissionsCapital projects and investmentOptimise the pipeline of projects and ensurethat new capital is only committed to projectsthat deliver the best value to the Group on a riskadjusted net present value basisUnderlying earnings per shareUnderlying earnings are net profit attributableto equity shareholders, before special itemsand remeasurementsWe do, however, continue to deliver on bothprogrammes and examples of how our operationsare achieving and surpassing ‘industry benchmark’performance are detailed throughout this report.Further details on the AO and supply chainfunctions can be found on pages 18–21Total water useTotal water use includes only water used forprimary activities, measured in million m 3Corporate social investmentSocial investment as defined by the LondonBenchmarking Group includes donations, gifts inkind and staff time for administering communityprogrammes and volunteering in company timeand is shown as a percentage of profit before taxEnterprise developmentNumber of companies supported and numberof jobs sustained by companies supported byAnglo American enterprise development initiativesVoluntary HIV counselling and testing (VCT) (2)Percentage of employees in southern Africaundertaking voluntary annual HIV tests withcompulsory counselling and supportEMPLOYING (1)The best peopleTurn to page 32Voluntary labour turnoverNumber of permanent employee resignationsas a percentage of total permanent employeesGender diversityPercentage of women, and female managers,employed by the Group(1)With the exception of corporate social investment, which includes the results of De Beers from the date of acquisition,the results and targets for the Operating and Employing strategic elements include wholly owned subsidiaries andjoint ventures over which Anglo American has management control, and does not include De Beers or other majornon-managed operations such as Collahuasi, Cerrejón and Samancor. In addition, results for the Employing strategicelement exclude OMI – non-core operations.(2)2012 HIV/AIDS statistics exclude Scaw Metals South Africa.12 Anglo American plc Annual Report 2012
Results and targetsReturn on capital employed (ROCE)2012201113.3%26.5%Underlying earnings per share20122011$2.26$5.06Capital projects and investmentFor a summary of the Group’s capitalprojects and investmentsturn to pages 14–17Total shareholder return (TSR)Please refer to the Remuneration reportturn to pages 108–127Operating and financial reviewWork-related fatal injuryfrequency rate (FIFR)Target: Zero fatal incidents2012201113 fatalities, 0.008 FIFR17 fatalities, 0.009 FIFRLost-time injury frequency rate (LTIFR)Target: Zero incidents – the ultimate goalof zero harm remains201220110.600.64Energy consumption20122011GHG emissions20122011Total water useTarget: Under revision2012108 million GJtotal energy used102 million GJtotal energy used18 Mt CO 2equivalent19 Mt CO 2equivalent122 Mm 3Corporate social investment (3)20122011Enterprise developmentTarget: Businesses supported: 3,500Jobs sustained: 18,00020122011$154 m,3% of profit before tax$129 m,1% of profit before tax17,598 businesses supported64,927 jobs sustained38,681 businesses supported47,070 jobs sustained2011115 Mm 3Voluntary HIV counselling and testing (VCT)Target: Over 90% of employees in high diseaseburden countries2012201182%92%Voluntary labour turnover20122.4%Gender diversity201215% females20113.0%201115% females23% female managers22% female managers(3)CSI expenditure for 2011 was restated from $122 millionto $129 million due to increased expenditure reported byKumba following publication of the 2011 Anglo AmericanAnnual Report.Anglo American plc Annual Report 2012 13
Page 1 and 2: A BALANCEDPORTFOLIOWITH THE FUTURE
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GOVERNANCE INTRODUCTIONGOVERNANCESi
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GOVERNANCE STATEMENT OF DIRECTORS
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FINANCIAL STATEMENTSRESPONSIBILITY
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OTHER INFORMATION PRODUCTION STATIS
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OTHER INFORMATIONEXCHANGE RATES AND
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OTHER INFORMATIONKEY FINANCIAL DATA
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OTHER INFORMATIONRECONCILIATION OF
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OTHER INFORMATIONTHE BUSINESS - AN
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OTHER INFORMATIONSHAREHOLDER INFORM
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Anglo American plc20 Carlton House
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