Sherritt International Corporation (SHERF) 2012年年度报告「TSX」.pdf

1、Sherritt international Corporation2012 ANNuAl RepORT Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada,Cuba,Indonesia and Madagascar.The Corporation is the largest thermal coal producer in Canada and is the largest independent

2、energy producer in Cuba,with extensive oil and power operations on the island.Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide.The Corporations common shares are listed on the Toronto Stock Exchange under the symbol“S”.Fin

3、ancial highlights($millions,except per share amounts,as at December 31)2012 2011 Revenue$1,840.2$1,978.3Adjusted EBITDA(1)515.5 643.2net earnings 33.2 197.3Basic earnings per share 0.11 0.67 Net working capital(2)$979.1$1,016.7total assets 6,758.3 6,497.5 Weighted-average number of shares(millions)B

4、asic 296.3 295.1 Diluted 296.8 296.3(1)Adjusted EBITDA is a non-GAAP measure.For additional information,see the Non-GAAP measures section of the MD&A.(2)Net working capital is calculated as total current assets less total current liabilities.(1)The effective transition date from Canadian GAAP to IFR

5、S was January 1,2010.As a result,the fiscal years 2008 and 2009 are stated in accordance with Canadian GAAP.(2)On May 2,2008,Sherritt acquired all of the units of the Royal Utilities Income Fund(RUIF)it did not already own.Prior to May 2,2008,Sherritt equity accounted for its interest in RUIF.(3)Rep

6、resents results from the Corporations 100%interest in Coal Valley Partnership(CVP)from July 1,2010.Prior to July 1,2010,results represent the Corporations 50%interest in CVP.03006009001,2001211100908=Metals =Coal(2)(3)=Oil and Gas =PowerREVENUE BY DIVISION(1)($millions)ADJUSTED EBITDA BY DIVISION(1)