Bhp Group Ltd · ASX:BHP
Bhp — Merger or Acquisition (February 2022)
7 slides from Bhp's merger presentation, Feb 17, 2022
Slide 1: Disclaimer and risks
Disclaimer and risks This presentation contains forward looking statements that are subject to risk factors, including those associated with oil and gas businesses as well as those in connection with the proposed merger of Woodside and BHP Group Limited’s oil and gas business (the “Transaction”). Th
Slide 2: Strong financial and strategic achievements
DELIVERED VALUE STRATEGIC DECISIONS Strong financial and strategic achievements Agreed merger with BHP’s petroleum business 262% Underlying net profit after tax $1,620 million 105% Operating cash flow $3,792 million 255% 135 US cps Full-year dividend, fully franked Achieved final investment decision
Slide 3: Compelling merger strategic rationale
Compelling merger strategic rationale All-stock merger of Woodside and BHP Petroleum Petroleum + PORTFOLIO QUALITY CASH GENERATION AND BALANCE SHEET SHAREHOLDER RETURNS AND CAPITAL DISCIPLINE DEVELOPMENT OPTIONALITY ENERGY TRANSITION LEADERSHIP SYNERGIES AND VALUE CREATION Strengthens cash generatio
Slide 4: A clear plan for a lower-carbon future
A clear plan for a lower-carbon future Invest in the products and services our customers need as they reduce their emissions Reduce our net equity greenhouse gas emissions (Scope 1 & 2) Design out Operate out Offset portfolio Capital allocation targets Support Value chain PROMOTE MEASUREMENT & REPOR
Slide 5: Merger timeline to completion
22 November 2021 Share sale agreement and integration and transitional services agreement executed December 2021 Received informal clearance of the merger from ACCC and obtained clearance from CFIUS1 Q3 2021 Q4 2021 Q1 2022 Q2 2022 17 August 2021 Merger commitment deed executed Q1 2022 Pursuing seco
Slide 6: Nominated leadership team after merger
Nominated leadership team after merger Australia Operations Fiona Hick Perth International Operations Shiva McMahon Houston New Energy Shaun Gregory Perth Exploration and Development Andy Drummond Houston Marketing and Trading Mark Abbotsford Perth Projects Matthew Ridolfi Houston Technical Services
Slide 7: No offer or solicitation
No offer or solicitation This presentation includes information relating to the proposed Transaction between Woodside and BHP. This presentation is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any