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BHP Billiton Building a World-Class Potash Business

Chris Ryder VP: External Affairs, Diamonds & Specialty Products 27 September 2012

Jansen Potash Project, Saskatchewan

Disclaimer

Chris Ryder, Diamonds and Specialty Products, 27 September 2012 Slide 2

Forward looking statements This presentation contains forward looking statements, including statements regarding: trends in commodity prices and currency exchange rates; demand for commodities; plans, strategies and objectives of management; closure or divestment of certain operations or facilities (including associated costs); anticipated production or construction commencement dates; capital costs and scheduling; operating costs and shortages of materials and skilled employees; anticipated productive lives of projects, mines and facilities; provisions and contingent liabilities; tax and regulatory developments. Forward looking statements can be identified by the use of terminology such as ‘intend’, ‘aim’, ‘project’, ‘anticipate’, ‘estimate’, ‘plan’, ‘believe’, ‘expect’, ‘may’, ‘should’, ‘will’, ‘continue’ or similar words. These statements discuss future expectations concerning the results of operations or financial condition, or provide other forward looking statements. These forward looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained in this presentation. Readers are cautioned not to put undue reliance on forward looking statements. For example, our future revenues from our operations, projects or mines described in this presentation will be based, in part, upon the market price of the minerals, metals or petroleum produced, which may vary significantly from current levels. These variations, if materially adverse, may affect the timing or the feasibility of the development of a particular project, the expansion of certain facilities or mines, or the continuation of existing operations. Other factors that may affect the actual construction or production commencement dates, costs or production output and anticipated lives of operations, mines or facilities include our ability to profitably produce and transport the minerals, petroleum and/or metals extracted to applicable markets; the impact of foreign currency exchange rates on the market prices of the minerals, petroleum or metals we produce; activities of government authorities in some of the countries where we are exploring or developing these projects, facilities or mines, including increases in taxes, changes in environmental and other regulations and political uncertainty; labour unrest; and other factors identified in the risk factors discussed in BHP Billiton’s filings with the US Securities and Exchange Commission (the “SEC”) (including in Annual Reports on Form 20-F) which are available on the SEC’s website at www.sec.gov. Except as required by applicable regulations or by law, the Group does not undertake any obligation to publicly update or review any forward looking statements, whether as a result of new information or future events.

Non-IFRS financial information BHP Billiton results are reported under International Financial Reporting Standards (IFRS) including Underlying EBIT and Underlying EBITDA which are used to measure segment performance. This presentation also includes certain non-IFRS measures including Attributable profit excluding exceptional items, Underlying EBITDA interest coverage, Underlying effective tax rate, Underlying EBIT margin and Underlying return on capital. These measures are used internally by management to assess the performance of our business, make decisions on the allocation of our resources and assess operational management. Non-IFRS measures have not been subject to audit or review.

UK GAAP financial information Certain historical financial information for periods prior to FY2005 has been presented on the basis of UK GAAP, which is not comparable to IFRS or US GAAP. Readers are cautioned not to place undue reliance on UK GAAP information.

No offer of securities Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell BHP Billiton securities in any jurisdiction.

Reliance on third party information The views expressed in this presentation contain information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. This presentation should not be relied upon as a recommendation or forecast by BHP Billiton.

Who is BHP Billiton?

Iron Ore One of the world’s premier suppliers of iron ore

Manganese Operations produce a combination of ores,

alloys and metals

Metallurgical Coal Produce and market high quality hard coking

coals for the international steel industry

Base Metals One of the world’s largest producers of silver,

lead and copper

Aluminium and Nickel A global producer and supplier of primary

aluminium, alumina and nickel

Energy Coal One of the world's largest producers and

marketers of export thermal coal

Petroleum A significant oil and gas exploration

and production business

Diamonds and Specialty Products EKATI Diamond Mine1, Potash development

and exploration

Uranium Olympic Dam is the world's largest uranium

deposit

Project and Exploration activities are not shown on this map. 1. BHP Billiton announced a review of its diamonds business during the December 2011 quarter and this process is ongoing.


BHP Billiton basin activities


BHP Billiton landholding

BHP Billiton priority development areas

Jansen Project


Jansen Project


• First stage of 4mtpa, to grow to 8mtpa to meet growing demand

• Shafts to be drilled to ~1km depth by 2014

• Saskatchewan Ministry of Environment has approved the EIS

• Undergoing detailed engineering and mining lease conversions which are needed to take the project to the BHP Billiton Board for approval

Jansen Project shaft

Jansen Stage 1 project – site (September 2012)

Slide 7

• About 400 people on site • Shaft sinking headframes and hoist houses for

production and service shafts under construction. • Shafts excavated to 45m • Herrenknecht drilling machines being assembled

on site • Ground freezing program well underway - outside

diameters of shafts are completely frozen • Work has begun on 2,500-room five-star

accommodation camp for construction personnel – Modules assembled in Lanigan and on site – First modules to be in place mid-September – First beds to be filled December 2012

– Herrenknecht video

Jansen Project, August 2012

Chris Ryder, Diamonds and Specialty Products, 27 September 2012

Jansen Project – Complete

Slide 8

Artist’s impression Jansen surface structures at capacity


Opportunities for communities

Slide 9

In keeping with BHP Billiton’s Charter values, almost $2million invested on local community programs and sponsorships in 2012 financial year Community Readiness for Growth Strategy Housing, services, infrastructure Employment and Contracting/Purchasing Local and Saskatchewan focus Transportation Planning Construction and operation phases Safety, HR and community issues Aboriginal Engagement Commitments Early, direct and respectful engagement Optimise the access to employment and

business opportunities Community and business development Access to training Goals: To maximize positive impacts and address skills shortage by developing new workforces


Jansen – Local Communities

Slide 10

Travel Distance: Humboldt 60 km Muenster 51 km Lanigan 29 km Wynyard 57 km Watson 39 km LeRoy 13 km Jansen 17 km Drake 35 km


Jansen Area Community Readiness Study


Summary of Community Characteristics

• Full local employment, with business concerns for loss of employees

• Active housing market in the region, with current supply pressures and price inflation.

• Hierarchy of community amenities and services. • City of Humboldt becoming a strong regional hub

and the residential community of choice with urban amenities and services. There is active residential and commercial development within the city.

• Communities are familiar with potash mining, and have a supportive culture.

• There is disparity among the communities, but overall they have capacity to attract and accommodate growth.

• High expectations and positive anticipation within communities of the development of the Jansen Project.

Jansen Project Employee Housing Needs


Benefit local communities – Construction camp will avoid flooding the rental

market – Need for range of new housing to ensure

employees, contractors and others including existing vulnerable groups to have good, affordable housing

– Jansen employees living locally (50 km radius) Survey of potential employees

– 90% want single-family, owned homes – 50% small town (likely also small city), 30%

rural or no preference, 20% city (Saskatoon) Estimated 10% rental plus need for transition

housing and significant shorter-term needs for first few years of mine development Ready-to-move (RTM) housing likely part of the

solution Early capacity for subdivision and lot development

in Humboldt for 200-250 residences (single, multi and apartments) per year with 1-2 year time lag; LeRoy and other local communities developing land

Estimated Employee Ramp Up Graph (10 Years)

Slide 13

Com

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Proj

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Conclusions

• BHP Billiton is building a world-class potash business based in Saskatchewan – a series of projects across the basin, developed timeously to take advantage of increased demand

• Jansen is progressing – undergoing detailed engineering to take first stage of 4mtpa to Board • Integrated logistics, port and marketing built on BHP Billiton global experience • Commitments to community support and growth in Aboriginal skills development and employment

opportunities • Range of new housing options required for employees and contractors

Slide 14

Discovery Lodge


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