Mewah Group

Financial Highlight

BALANCE SHEET

In US$ millions	FY 2009	FY 2010	H1 2011	Q1 2011	Q2 2011	Q3 2011
Fixed Investments	173	223	553	247	264	268

Current Investments	249	397	553	494	553	506

Cash and cash equivalents	38	215	186	184	186	193

Total use of funds	460	835	1,003	925	1,003	967

Equity	239	509	534	530	534	526

Borrowings	221	326	469	395	469	441

Total sources of funds	460	835	1,003	925	1,003	967

INCOME STATEMENT

In US$ millions, unless stated otherwise	FY 2009	FY 2010	H1 2011	Q1 2011	Q2 2011	Q3 2011
Sales volume (Thousand MT)	3,807	3,852	1,838	856	981	894

Sales revenue	2,867	3,533	2,363	1,115	1,247	1,091

Operating margin	183	184	59	37	23	26

Operating margin: US$ per MT	48	48	32	43	23	29

Profit after tax	90	92	22	17	5	5

Profit after tax (Excl.exceptional items-IPO Expenses)	90	97	22	17	5	5

Profit after tax attributable to equity holders of the Company	90	92	23	17	6	7

STATEMENT OF CASH FLOWS

In US$ millions	FY 2009	FY 2010	H1 2011	Q1 2011	Q2 2011	Q3 2011
Net cash flows from/(used in) operating activities	21,863	(30,533)	(119,059)	(76,071)	(44,547)	54,973

Net cash flows used in investing activities	(14,485)	(37,583)	(52,083)	(26,217)	(25,865)	(13,370)

Net cash flows (used in)/ from financing activities	(8,602)	243,524	140,588	68,885	73,264	(32,343)

Net change in cash and cash equivalents	(1,224)	175,408	(30,554)	(33,403)	2,852	9,260

Cash and cash equivalents at beginning of the financial period	38,043	37,376	215,152	215,151	183,272	185,458

Effect of changes in exchange rate on cash and cash equivalents	557	2,368	860	1,524	(666)	(2,617)

Cash and cash equivalents at end of the financial period	37,376	215,151	185,458	183,272	185,458	192,101

FINANCIAL RATIOS

	FY 2009	FY 2010	H1 2011	Q1 2011	Q2 2011	Q3 2011
Earnings per share (US cents)	6.96	7.08	1.53	1.13	0.40	0.43

Net asset value per share (US cents)	18.66	33.79	35.44	35.20	35.44	34.96

Dividend payout ratio	4.18	1.74	N/A	N/A	N/A	0.00

Net earnings margin (US cents)	3.11	2.61	0.98	1.53	0.49	0.60

Revenue growth	(12.50)%	23.20%	N/A	N/A	N/A	N/A

Net earnings growth	0.00%	3.40%	N/A	N/A	N/A	N/A

Return on assets	12.60%	7.50%	3.60%	5.50%	0.90%	0.40%

Return on equity	45.50%	38.80%	9.10%	13.40%	4.80%	9.10%

Debt: equity	0.92	0.64	0.88	0.74	0.88	0.84

Net debt: equity	0.77	0.22	0.53	0.40	0.53	0.47

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