Mewah Group

Financial Highlight

BALANCE SHEET

In US$ millions	FY 2010	FY 2011	FY 2012	Q1 2013
Long-term investments	223	305	357	363

Working capital	397	482	538	570

Cash (IPO proceeds)	141	58	0	0

Total Investments	761	845	895	933

Equity	509	538	560	562

Gross debt	326	386	384	451

Cash excluding IPO Proceeds	-74	-79	-49	-80

Adj Net Debt	252	307	335	371

Total Capital	761	845	895	933

INCOME STATEMENT

In US$ millions, unless stated otherwise	FY 2010	FY 2011	FY 2012	Q1 2013
Sales volume (Thousand MT)	3,852	3,650	3,401	980

Sales revenue	3,533	4,468	3,621	859

Operating margin	184	118	108	30

Operating margin: US$ per MT	48	33	32	30

Net profit excluding exceptional gains	92	40	20	4

Exceptional items	-5	2	5	0

Net profit - reported	92	42	25	4

STATEMENT OF CASH FLOWS

In US$ millions	FY 2010	FY 2011	FY 2012	Q1 2013
Net cash flows from/(used in) operating activities	-30	-29	-15	-23

Net cash flows used in investing activities	-38	-104	-63	64

Net cash flows (used in)/ from financing activities	244	55	-11	-13

Net change in cash and cash equivalents	176	-78	-89	28

Cash and cash equivalents at beginning of the financial year	37	215	137	49

Effect of changes in exchange rate on cash and cash equivalents	2	0	1	0

Cash and cash equivalents at end of the financial year	215	137	49	77

FINANCIAL RATIOS

	FY 2010	FY 2011	FY 2012	Q1 2013
Earnings per share (US cents)	7.08	2.80	1.64	0.26

Net asset value per share (US cents)	33.69	35.82	37.38	37.52

Debt: equity	0.64	0.72	0.69	0.80

Net debt: equity	0.22	0.46	0.60	0.66

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