Bhp Group Ltd · ASX:BHP
Bhp — Shareholder Meeting (November 2023)
32 slides from Bhp's shareholder meeting presentation, Nov 1, 2023
Slide 1: BHP Annual General Meeting 2023 speeches and presentation
Exchange release 1 November 2023 BHP Annual General Meeting 2023 speeches and presentation The following documents are attached and will be presented at the 2023 Annual General Meeting of For personal use only BHP Group Limited to be held today: 1. Chair address 2. CEO address 3. AGM presentation Au
Slide 2: Contacts
Contacts Media Investor Relations media.relations@bhp.com investor.relations@bhp.com Australia and Asia Australia and Asia Gabrielle Notley John-Paul Santamaria +61 411 071 715 +61 499 006 018 For personal use only Europe, Middle East and Africa Europe, Middle East and Africa Neil Burrows James Bell
Slide 3: Ken Mackenzie, Chair
BHP Group Limited AGM 1 November 2023 Ken Mackenzie, Chair Welcome to everyone with us here in South Australia today and watching online. Our results for the 2023 financial year demonstrate BHP’s focus on consistently executing our strategy to deliver results. Our operating performance and financial
Slide 4: For personal use only
We unified our corporate structure to provide greater strategic flexibility, we merged our former petroleum business with Woodside to create a top 10 global independent energy company, and we approved an investment of $5.7 billion US dollars to develop Stage 1 of the Jansen project in Canada, with f
Slide 5: FY23 highlights
FY23 highlights In the 2023 Financial Year, we had earnings of more than $13 billion US dollars. These results were delivered against a back drop of global uncertainty, weaker commodity prices and inflationary pressures. We also continued to produce strong margins and a consistently high baseline of
Slide 6: For personal use only
Our relationships with Traditional Owners and other Indigenous partners are some of the most important relationships to BHP. We operate on the traditional lands of Indigenous peoples at many of our locations in Australia and around the world. We partner widely with Indigenous communities and have lo
Slide 7: Mike Henry, CEO
Mike Henry, CEO Thanks Ken, and thanks to everyone here with us in Adelaide today and watching online. Safety I will start with safety, and 2023 was a difficult year from a safety perspective for the Company. Tragically two of our colleagues lost their lives while on the job. This included a fatal i
Slide 8: For personal use only
sense for the relative performance of this asset. We are ensuring we get maximum returns for every dollar of shareholder capital invested in this business. In Copper, Escondida’s production increased by five per cent, year-on-year. Unit costs increased by 17 per cent, primarily driven by inflationar
Slide 9: Significant growth opportunities ahead
Significant growth opportunities ahead We also have a significant, exciting growth path ahead of us in potash in Canada. Potash, used in fertilisers, will be essential for food security and more sustainable farming, against the backdrop of a growing global population. We believe the long-term fundam
Slide 10: For personal use only
facing commodities. A massive wave of capital investment will be required to meet demand for these minerals. Within this environment of heightened global competition, Australia has a once-in-a- generation opportunity to capture an outsized share of this investment flow, and enjoy the far-reaching fu
Slide 11: For personal use only
Our access to the best resources, markets, partners and talent is contingent on making a positive contribution to society and building strong relationships with partners, local communities, and First Nations peoples. Our approach is disciplined and proactive, and it’s delivering tangible outcomes. T
Slide 12: Copper
Copper BHP Group Limited For personal use only Annual General Meeting 1 November 2023
Slide 13: Disclaimer
Disclaimer Forward-looking statements This presentation contains forward-looking statements, which involve risks and uncertainties. Forward-looking statements include all statements other than statements of historical or present facts, including: statements regarding: trends in commodity prices and
Slide 14: Jack Buckskin, Kaurna Country
Jack Buckskin For personal use only Kaurna Country
Slide 15: Chair Ken MacKenzie
For personal use only Chair Ken MacKenzie
Slide 16: Your Board
Your Board Ken MacKenzie Terry Bowen Xiaoqun Clever Ian Cockerill For personal use only Gary Goldberg Mike Henry Michelle Hinchliffe Christine O’Reilly Catherine Tanna Dion Weisler Stefanie Wilkinson Group Company Secretary
Slide 17: Chair Ken MacKenzie
For personal use only Chair Ken MacKenzie
Slide 18: Safety and culture
Safety and culture For personal use only Potash
Slide 19: Our role in a global future
Our role in a global future For personal use only Nickel
Slide 20: Copper South Australia
Copper South Australia For personal use only Copper
Slide 21: Strong, consistent performance and returns
Strong, consistent performance and returns For personal use only Iron Ore
Slide 22: FY23 highlights
FY23 highlights Earnings Underlying EBITDA margin Shareholder cash returns US$ 13.4 bn 54% 170 US cps For personal use only FY22 65% Payout ratio of 64% Net debt ROCE Total Economic Contribution US$ 11.2 bn 28.8% US$ 54.2 bn FY22 US$0.3 bn FY22 48.1% Note: All comparisons are against FY22. Earnings
Slide 23: Social value
Social value For personal use only Tjiwarl Country
Slide 24: BHP is in a strong position
BHP is in a strong position For personal use only Iron Ore
Slide 25: Mike Henry, Chief Executive Officer
Mike Henry For personal use only Chief Executive Officer
Slide 26: Strong operational performance
Strong operational performance For personal use only Iron Ore
Slide 27: Portfolio and growth
Portfolio and growth For personal use only Copper
Slide 28: Significant growth opportunities ahead
Significant growth opportunities ahead For personal use only Potash
Slide 29: Creating potential for future growth
Creating potential for future growth For personal use only Copper
Slide 30: Delivering strong social value
Delivering strong social value For personal use only Iron Ore
Slide 31: Creating value now, and into the future
Creating value now, and into the future For personal use only Copper
Slide 32: For personal use only
For personal use only