Fortescue Ltd · ASX:FMG
Fortescue — Shareholder Meeting (October 2026)
45 slides from Fortescue's shareholder meeting presentation, Oct 28, 2026
Slide 1: Annual General Meeting – Presentation
For personal use only 28 October 2026 ANNUAL GENERAL MEETING – PRESENTATION Fortescue Ltd (Fortescue, ASX: FMG) advises that Executive Chairman Dr Andrew Forrest AO, Chief Executive Officer, Metals and Operations Dino Otranto, and Chief Executive Officer, Growth and Energy Gus Pichot, will address s
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Slide 3: Important Notice
Important Notice The purpose of this presentation is to provide general information about Fortescue Ltd and its subsidiaries (“Fortescue”). rsonal use only It is not recommended that any person makes any investment decision in relation to Fortescue based on this presentation. This presentation conta
Slide 4: Mona Gill, Company Secretary
rsonal use only MONA GILL COMPANY SECRETARY FORTESCUE | 3
Slide 5: Welcome to Country
rsonal use only WELCOME TO COUNTRY FORTESCUE | 4
Slide 6: Mona Gill, Company Secretary
rsonal use only MONA GILL COMPANY SECRETARY FORTESCUE | 5
Slide 7: rsonal use only
rsonal use only FORTESCUE | 6
Slide 8: Dino Otranto, CEO Metals and Operations
rsonal use only DINO OTRANTO CHIEF EXECUTIVE OFFICER METALS AND OPERATIONS FORTESCUE | 7
Slide 9: 200Mt Milestone
rsonal use only 200MT MILESTONE FORTESCUE | 8
Slide 10: Solar Delivering Now
rsonal use only SOLAR DELIVERING NOW FORTESCUE | 9
Slide 11: Nullagine Wind Project
rsonal use only NULLAGINE WIND PROJECT FORTESCUE | 10
Slide 12: Trialling Robotics to Install Solar Panels
rsonal use only TRIALLING ROBOTICS TO INSTALL SOLAR PANELS FORTESCUE | 11
Slide 13: XCMG Battery Electric Water Cart
rsonal use only XCMG BATTERY ELECTRIC WATER CART FORTESCUE | 12
Slide 14: Fast Charger
rsonal use only FAST CHARGER FORTESCUE | 13
Slide 15: Artificial Intelligence
rsonal use only ARTIFICIAL INTELLIGENCE FORTESCUE | 14
Slide 16: Electric Mining Equipment
rsonal use only ELECTRIC MINING EQUIPMENT FORTESCUE | 15
Slide 17: Gus Pichot, CEO Growth and Energy
rsonal use only GUS PICHOT CHIEF EXECUTIVE OFFICER GROWTH AND ENERGY FORTESCUE | 16
Slide 18: Pilbara Iron Ore
rsonal use only PILBARA IRON ORE FORTESCUE | 17
Slide 19: Belinga Project, Gabon
rsonal use only BELINGA PROJECT, GABON FORTESCUE | 18
Slide 20: Copper Exploration
rsonal use only COPPER EXPLORATION FORTESCUE | 19
Slide 21: Green Grid
rsonal use only GREEN GRID FORTESCUE | 20
Slide 22: Technology R&D
rsonal use only TECHNOLOGY R&D FORTESCUE | 21
Slide 23: Fortescue Zero
rsonal use only FORTESCUE ZERO FORTESCUE | 22
Slide 24: Battery Installation
rsonal use only T 264 BATTERY INSTALLATION FORTESCUE | 23
Slide 25: Nabrawind
rsonal use only NABRAWIND FORTESCUE | 24
Slide 26: rsonal use only
rsonal use only FORTESCUE | 25
Slide 27: Dr Andrew Forrest AO, Executive Chairman
rsonal use only DR ANDREW FORREST AO EXECUTIVE CHAIRMAN FORTESCUE | 26
Slide 28: Many of you have been with us since the beginning
Many of you have rsonal use only been with us since the beginning. You’ve stuck with us through thick and thin. And backed Fortescue’s DNA – which still drives us today. FORTESCUE | 27
Slide 29: This is your Company today
This is your Company today rsonal use only Australia’s highest returning company since inception US$40 billion in projects executed since 2003 US$6.2bn decarbonisation project being delivered Projects delivered faster and at a lower capital intensity than our peers in the Pilbara FORTESCUE | 28
Slide 30: Energy is the most important commodity on Earth
Energy is the most important commodity on rsonal use only Earth Industrial growth needs cheap, reliable power: AI and data centres Manufacturing, transport and heavy industry Rare earth processing, copper mining and refining FORTESCUE | 29
Slide 31: Electrification – the defining economic and national security lesson
Electrification – the defining economic & national security rsonal use only lesson of the decade Economics of green energy now undeniable Renewables among cheapest sources of new electricity generation in the US, even without subsidies Lead time for new solar & wind projects less than two years, com
Slide 32: Australian diesel pump price
Australian diesel pump price 36% increase since 2022 decarbonisation announcement rsonal use only AIP national average diesel price – quoted in Australian cents per litre FORTESCUE | 31
Slide 33: The cost of fossil fuel dependence
The cost of fossil fuel dependence rsonal use only Mining’s biggest uncontrolled cost We use ~1bn litres of diesel equivalent a year Every US$10/barrel rise in diesel benchmark adds ~US$0.20/wmt to C1 costs FORTESCUE | 32
Slide 34: Energy is the next great commercial engine
rsonal use only Energy is the next great commercial engine of this company 100-TE-AD-0042_1 | © 2026 FORTESCUE FORTESCUE | 33
Slide 35: Our first Green Grid customer
Our first Green Grid customer rsonal use only 20-year power purchase agreement to supply PLS Group's Pilgangoora lithium operation Minimum 325GWh annually Equivalent to 45,000 Australian homes powered annually FORTESCUE | 34
Slide 36: Delivering our US$6.2 billion decarbonisation program
Delivering our US$6.2 billion decarbonisation program rsonal use only 100% of technical challenges solved 10% focused on resolving the economics Generation and transmission well advanced in execution 40% of excavator fleet electric by December 2026 Real Zero by 2030 FORTESCUE | 35
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rsonal use only FORTESCUE | 36
Slide 38: Changing how energy infrastructure is delivered
rsonal use only We are fundamentally changing how energy infrastructure is delivered, installed and operated FORTESCUE | 37
Slide 39: Fortescue knows how to build
Fortescue knows how to build rsonal use only Solomon Solar Farm – one of the biggest in WA – will be built 40% cheaper New tech has nearly doubled the daily record for solar foundations installed 550km of transmission lines built – one of the fastest builds in Australia FORTESCUE | 38
Slide 40: And it's only going to get faster and more efficient
rsonal use only And it’s only going to get faster and more efficient FORTESCUE | 39
Slide 41: Fortescue will lead the world in applying robotics
Fortescue will lead the world in applying rsonal use only robotics at industrial scale The best technology could come from anywhere. United States? Japan? China? Europe? Australia? The best industrial application will come from Fortescue FORTESCUE | 40
Slide 42: A replicable system
A replicable system rsonal use only Built and continue to expand our large-scale green grid Unique, fast build, repeatable systems Renewable resources into heavy industry ecosystem FORTESCUE | 41
Slide 43: The next generation of Fortescue
The next generation of Fortescue rsonal use only Mining: A stronger, more competitive iron ore business Energy: A major global energy and green fuel supplier Technology: Commercialising our technology to power and transform heavy industry Metals: Creating new value from metals and critical minerals
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rsonal use only FORTESCUE | 43
Slide 45: We Are Family
WE ARE Family rsonal use only FORTESCUE Empowerment Frugality Stretch Targets Integrity Enthusiasm Safety Courage and Determination Generating Ideas Humility FORTESCUE | 44