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Glencore 2009 Financial Overview

Glencore is one of the world's largest suppliers of commodities and raw materials. It sources metals and minerals, crude oil and oil products, coal, and agricultural products from its owned production assets and third parties. Glencore employs over 2,000 people in its marketing operations and over 50,000 in its industrial operations worldwide. It has three principal business groups focused on metals and minerals, energy products, and agricultural products. Glencore's strategy is to leverage its expertise in production and supply to enhance its sector leading positions through selective investments and strategic alliances.

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Amanda Aurora Simanjuntak
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482 views1 page

Glencore 2009 Financial Overview

Glencore is one of the world's largest suppliers of commodities and raw materials. It sources metals and minerals, crude oil and oil products, coal, and agricultural products from its owned production assets and third parties. Glencore employs over 2,000 people in its marketing operations and over 50,000 in its industrial operations worldwide. It has three principal business groups focused on metals and minerals, energy products, and agricultural products. Glencore's strategy is to leverage its expertise in production and supply to enhance its sector leading positions through selective investments and strategic alliances.

Uploaded by

Amanda Aurora Simanjuntak
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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GLENCOÂE

The Glencore Group of Companies (“Glencore”) is one of the world's largest suppliers of commodities and raw
materials to industrial consumers. Customers around the world, in industries such as automotive, power generation,
steel production and food processing, rely upon Glencore’s established global network of operations as a source of
Metals and Minerals, Crude Oil and Oil Products, Coal and Agricultural Products. These commodities originate either
from Glencore's owned production assets, are secured from third parties, or benefit from the refining, processing or
marketing expertise of Glencore. The Group also provides financing, logistics and other supply chain services to
producers and consumers of commodities.
Glencore, founded in 1974, is a privately held Group owned by its management and employees. Headquartered in
Baar, Switzerland, Glencore employs over 2,000 people in its global marketing operations in some 50 offices in over
40 countries. In its industrial operations, Glencore employs over 50,000 people at 15 plants in 13 countries.
Additionally, Glencore has interests in various publicly listed companies including 34.4% in Xstrata, 44% economic
(39% voting) in Century Aluminum, 70.6% in Minara Resources, 74.4% in Katanga Mining, 8.8% in UCR, 51.5% in
Chemoil Energy and 32.2% in Recylex.

Group Structure
Glencore has three principal business groups: Metals and Minerals, Energy Products and Agricultural Products.

Metals and Minerals Energy Products Agricultural Products

Aluminium / Alumina Crude Oil / Oil Products Wheat / Maize / Barley


Zinc / Copper / Lead Coal / Coke Edible Oils / Oil Seeds
Ferroalloys / Nickel / Cobalt Sugar
Strategy
Glencore is focused on the production, sourcing, marketing and distribution of its main commodities and will consider
selective, value-enhancing investments as well as strategic alliances which compliment its core supply chain
activities. Key principles of Glencore’s investment platform include:
• Leveraging its long-term relationships and established expertise in the production and supply of commodities to
further enhance its sector leading positions
• Being able to adopt a long-term time horizon in the pursuit of growth and value creation
• Maintaining a strong ‘investment-grade’ financial profile and confidence of key suppliers, customers, employees,
capital providers and governments

Financial Overview
On a consolidated basis, turnover for the 2009 fiscal year was US$ 106.4 billion, Total Assets were US$ 66.3 billion
and Total Glencore Shareholders’ Funds were US$ 16.7 billion at 31 December 2009. Glencore is rated BBB- (stable)
and Baa2 (negative) by Standard & Poor's and Moody's respectively.

Worldwide Operations

Xstrata Xstrata Century Rusal Century Xstrata Xstrata Various Rusal Various Russneft
Companies Companies

Kazzinc

Recylex

Pasar
Portovesme
Sherwin

Xstrata Chemoil

Rusal
Xstrata

Xstrata Rusal

Prodeco Group Xstrata

Los Quenuales /
Perubar
Cobar

Xstrata Xstrata

Sinchi Wayra Aguilar Moreno Mutanda Katanga Xstrata Shanduka Xstrata Mopani Xstrata Murrin Murrin

Main offices Zinc/Copper Alumina/Aluminium Coal Nickel Grain Oil Century

Offices Xstrata Zinc/Copper Xstrata Nickel Xstrata Coal Xstrata Alloys


Independent agents and consultants

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