The document provides a summary of a company's full year 2012 results, highlighting record revenue and tonnage. Key points include growth in revenue and profit, ongoing investment expenditures, strong liquidity position, and conservative capital structure. Segment results and various expansion projects are also summarized.

1. anticipating the needs of
tomorrow with a clear
focus on where the
business is today.
tomorrow
today
FY 2012 results
FY 2012 results

2. full year 2012 highlights 1
 Record Group revenue of US$94 billion for the year ended 31 December 2012 (“FY 2012”), up 16%
year-on-year
 Record Group tonnage of 224 million tons for FY 2012
 Group net profit up 9% for FY 2012 at US$471.3 million compared to US$431.3 million in FY 2011
 Investment expenditure of approximately US$824 million in FY 2012 with a cumulative US$500
million currently committed over the next two years, primarily in the build out of the Agriculture platform.
FY 2012 annual depreciation of US$277 million covers the average annual currently committed capex
 Successful completion of the merger between Gloucester Coal Limited and Yancoal Australia
resulting in cash of US$778 million, with post 31 December cash of US$354 million not reflected in
year-end balance sheet
 Robust liquidity with US$5.9 billion in liquidity headroom* and strong credit metrics with proforma
net gearing at 46.9% if taking into account the cash received in early January 2013
 VAR only at 0.34% of shareholders’ equity at year end 2012
 Net asset backing per share of US79 cents at year end 2012, up 11% from US71 cents at year end 2011
* Readily available cash and unutilized committed facilities
FY 2012 results

3. consolidated income statement summary 2
(US$ million) FY 2012 FY 2011
Revenue 94,045 80,732
Operating income from supply chains 1,503 1,480
Operating income margin (%) 1.60% 1.83%
Profit on supply chain assets (0.5) 111
Total operating income 1,474 1,577
Selling, administrative and operating expenses (699) (714)
Finance costs – net (341) (366)
Net profit 471 431
Net profit margin (%) 0.50% 0.53%
Return on opening shareholders’ equity (%) 10.3% 10.9%
Book value per share (US cents) 79 71
FY 2012 results

4. segment results 3
Operating income
Tonnage Revenue
from supply chains
(US$ million/million MT) FY 2012 FY 2011 FY 2012 FY 2011 FY 2012 FY 2011
Agriculture 44.3 44.2 15,437 18,305 180.0 476.5
Energy (1) 136.8 120.8 63,860 51,500 1,167.0 889.5
MMO 42.7 54.8 14,748 10,927 156.3 114.2
Total 223.8 219.8 94,045 80,732 1,503.3 1,480.2
(1) Volume in the Gas & Power business is not included in Group tonnage figures
FY 2012 results

5. brazilian mill output profile 4
 The Group’s four sugar mills in Brazil are on track to reach full utilization by 2014
 The optionality that the facilities provide places Noble in a very competitive position
 Access to Votuporanga rail and Santos port terminals provide Noble with seamless logistical capabilities
from land to sea
Crush (million tons) Sugar Production (million tons)
13.6
10.7 1.1
8.5 0.8
0.7
2011 2012 2013 Forecast 2011 2012 2013 Forecast
Ethanol Production (m3 ’000) Cogen (MWh ’000)
445 570
322 351 378
274
2011 2012 2013 Forecast 2011 2012 2013 Forecast
FY 2012 results

6. grains & oilseed expansion 5
 New oilseed processing plants in Brazil, Ukraine and South Africa starting operations in 2013 expanding
Noble’s geographic reach
 Total global throughput capacity to reach 10 million tons per year
Oilseed Crushing Facility
Ukraine
(Operational in March 2013)
Crushing
Main Offices
Oilseed Crushing
Facilities
Fuling. Longkou,
Nantong, Qinzhou
Oilseed Crushing
Facility
Rondonópolis, Brazil
(Operational in July 2013)
Oilseed Crushing
Facility
Oilseed Crushing Stanton, South Africa
Facility (Operational in June 2013)
Timbúes, Argentina
FY 2012 results

7. conservative capital structure 6
(US$ million) FY 2012 FY 2011 Net Debt/Capital
3,754 4,345 4,345
3,613
Gross Debt 5,650 6,125 2,914
53.2%
Cash (1) 751 1,549
49.9%
48.8%
Net debt 4,899 4,576 46.8% 46.9%
Readily marketable inventory
3,111 2,528
(“RMI”)
Adjusted net debt 1,788 2,048
Net debt/capitalization 48.8% 49.9%
Adjusted net debt/ 2009 2010 2011 2012 Pro Forma
25.8% 30.9% 2012
capitalization
Net Debt/Capital Net tangible assets (US$ million)
(1) Cash includes cash balances with brokers not immediately available for use
FY 2012 results

8. liquidity profile 7
 Total committed and uncommitted bank facilities stood at US$17.1 billion, comprised of US$7.6 billion
in committed facilities and US$9.5 billion in uncommitted facilities as of end 2012
 Liquidity headroom* of US$5.9 billion exceeds the total debt outstanding
(US$ billion) 17.1
16.6
13.5
8.6
6.0 6.1 5.8 6.1 5.9 5.7
4.5
3.5
2.4 2.6 2.4
2008 2009 2010 2011 2012
Total Facilities Liquidity Headroom Total Debt
* Readily available cash and unutilized committed facilities
FY 2012 results

9. debt profile 8
 Conservative debt maturity profile with 59% of Group debt maturing after 2 years and 29% maturing later
than five years
 Debt portfolio balanced. 53% of debt funded from the international capital markets with the balance from
the bank markets
 Key redemption event in May 2013 for the US$500 million 8.5% bonds already refinanced through a
combination of US$354 million in cash received in January 2013 from the Gloucester and Yancoal merger
as well as the MYR and CNH bonds issued in January 2013
(US$ million) < 12 months 13-24 months 25-60 months > 5 years Total
Bank debt 685 713 1,066 194 2,658
Senior notes 499 98 596 1,457 2,650
Convertible bonds - 342 - - 342
Total 1,184 1,153 1,662 1,651 5,650
FY 2012 results

10. top 10 debtors 9
% of Total Trade  The Group’s top 10 debtors account for
Counterparty
Receivables less than 10% of total trade receivables as
1 Global energy & petrochemical company 1.43% of 31 December 2012 demonstrating the
diversity of Noble’s business portfolio
2 US based refining company 1.41%
 Of the top 10 debtors, 9 are investment
3 Global energy trading company 1.25%
grade with 1 non-investment grade covered
4 Global energy company 1.07% by a letter of credit
5 Refining company 0.94%
6 Integrated oil company 0.88%
7 State owned electric utility 0.73%
8 State owned oil and gas company 0.66%
9 Aluminium and renewable energy company 0.66%
10 Multinational oil and gas company 0.65%
Total 9.68%
FY 2012 results

11. investments and asset recycling activities 10
 Cash generated from asset recycling initiatives effectively covers the Group’s entire investment
expenditures in FY 2012
 Continued review of asset recycling opportunities
- Most recently announced JV with Wilmar in palm
(US$ million)
1,445
1,143
981
824 811
Cash received from
354 Yancoal in Jan 2013
457 Cash from asset
130 101 recycling activities
27
2009 2010 2011 2012
Cash Spent on Investments * Cash Generated from Asset Recycling
* Excluding capex related to disposed assets
FY 2012 results

12. value at risk 11
 VaR at low level of 0.34% of shareholders’ equity
(VAR as % of equity) 0.69%
0.54% 0.53%
0.49%
0.41%
0.37% 0.36%
0.34% 0.34% 0.34%
0.32%
0.25%
Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12 Oct 12 Nov 12 Dec 12
FY 2012 results

13. thank you!
FY 2012 results