Key Performance Indicators
The Group uses the following KPIs to assess progress against our strategy:
Financial KPIs
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Turnover
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Earnings per share
US67.7 cents
Earnings per share is calculated as the net profit attributable to equity holders of the Company, divided by the number of ordinary shares in issue.
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EBITDA
US$1,680.7m
EBITDA refers to Earnings Before Interest, Tax, Depreciation and Amortisation. EBITDA is calculated by adding back depreciation, amortisation and profit or loss on disposals of property, plant and equipment and impairment charges to operating profit from subsidiaries and joint ventures.
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Capital expenditure
US$1,335.4m
Capital expenditure refers to amounts capitalised in respect of the purchase of property, plant and equipment.
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Net cash
US$1,595.7m
Net cash represents cash and cash equivalents less borrowings.
An analysis of Financial KPIs is included within the Financial Review section.
Operational KPIs
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Copper production
442,500 tonnes
Copper production comprises the concentrate and cathode output of the Group's three operating mines, Los Pelambres, El Tesoro and Michilla. Los Pelambres produces copper concentrate, and its figures are expressed in terms of payable metal contained in concentrate.
An analysis of the Group's copper production is included within the review of each operation in the Business Review section and within the Financial Review section.
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Molybdenum production
7,800 tonnes
Molybdenum production is the concentrate output from the Group's Los Pelambres mine. These production figures are expressed in terms of payable metal contained in concentrate.
An analysis of the Group's molybdenum production is included within the Los Pelambres section of the Business Review and within the Financial Review section.
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Lost time injury frequency rate (LTIFR)
2.8
The safety and health of employees and contractors is a priority to the Group. The lost time injury frequency rate is the number of accidents with lost time during the year per million hours worked.
An analysis of the lost time injury frequency rate is set out within the Corporate Sustainability report.
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Cash costs
US96.3 cents
Cash costs are a measure of the cost of operational production expressed in terms of US cents per pound of payable copper produced. Cash costs are stated net of by-product credits and include tolling charges for concentrates at Los Pelambres. Cash costs exclude depreciation, financial income and expenses, hedging gains and losses, exchange gains and losses, and corporation tax.
An analysis of the Group's cash costs are included within the review of each operation in the Business Review section and within the Financial Review section.
Chart descriptions
Turnover
| Year | US$ million |
|---|---|
| 2005 | 2,445.3 |
| 2006 | 3,870.0 |
| 2007 | 3,826.7 |
| 2008 | 3,372.6 |
| 2009 | 2,962.6 |
Earnings per share
| Year | US cents |
|---|---|
| 2005 | 73.6 |
| 2006 | 137.4 |
| 2007 | 140.2 |
| 2008 | 173.1 |
| 2009 | 67.7 |
*Earnings per share excluding exceptional items in 2008 were 85.5 cents
EBITDA
| Year | US$ million |
|---|---|
| 2005 | 1,674.1 |
| 2006 | 2,957.3 |
| 2007 | 2,824.0 |
| 2008 | 1,899.8 |
| 2009 | 1,680.7 |
Capital expenditure
| Year | US$ million |
|---|---|
| 2005 | 186.3 |
| 2006 | 539.0 |
| 2007 | 466.0 |
| 2008 | 1,189.6 |
| 2009 | 1,335.4 |
Net cash
| Year | US$ million |
|---|---|
| 2005 | 851.5 |
| 2006 | 1,446.8 |
| 2007 | 1,946.5 |
| 2008 | 2,919.1 |
| 2009 | 1,595.7 |
Copper production
| Year | ’000 tonnes |
|---|---|
| 2005 | 467.3 |
| 2006 | 465.5 |
| 2007 | 428.1 |
| 2008 | 477.7 |
| 2009 | 442.5 |
Molybdenum production
| Year | ’000 tonnes |
|---|---|
| 2005 | 8.7 |
| 2006 | 9.8 |
| 2007 | 10.2 |
| 2008 | 7.8 |
| 2009 | 7.8 |
Lost time injury frequency rate (LTIFR)
| Year | Accidents per million hours worked |
|---|---|
| 2005 | 3.9 |
| 2006 | 4.9 |
| 2007 | 5.6 |
| 2008 | 4.4 |
| 2009 | 2.8 |
Cash costs
| Year | US cents per pound 1 |
|---|---|
| 2005 | 13.9 |
| 2006 | 40.2 |
| 2007 | 31.6 |
| 2008 | 87.3 |
| 2009 | 96.3 |
1 Cash costs are an industry measure of the cost of production and are further explained in Note (c) to the financial statements.
US$2,962.6m
Turnover represents the value of goods and services supplied to third parties during the year.