Fortescue Ltd · ASX:FMG
Fortescue — BofA Global Metals, Mining & Steel Conference 2023
15 slides from Fortescue's conference presentation, May 17, 2023
Slide 1: Presentation – BofA Securities Global Metals, Mining & Steel Conference
16 May 2023 PRESENTATION – BOFA SECURITIES GLOBAL METALS, MINING & STEEL CONFERENCE Fortescue Metals Group Ltd (Fortescue, ASX: FMG) advises that Fiona Hick, Chief Executive Officer Fortescue Metals, is presenting at the BofA Global Metals, Mining & Steel Conference 2023 on Tuesday, 16 May 2023. A c
Slide 2: BofA Global Metals, Mining & Steel Conference – We are Fortescue
For personal use only BofA Global Metals, Mining & Steel Conference We are Fortescue MAY 2023 100-TE-AD-0035_0 | © 2022 FORTESCUE
Slide 3: Forward Looking Statements Important Notice
Forward Looking Important Notice Statements For personal use only The purpose of this presentation is to provide general information about Fortescue Metals Group Ltd (“Fortescue”), including general information in relation to Fortescue’s wholly owned subsidiary Fortescue Future Industries Pty Ltd an
Slide 4: We are Fortescue
For personal use only We are Safety Integrity Fortescue Family Enthusiasm Empowerment Courage and determination Frugality Generating ideas Stretch targets Humility FORTESCUE | 3
Slide 5: Integrated mine to market infrastructure
Integrated mine to market infrastructure For personal use only FORTESCUE | 4
Slide 6: Production highlights, nine months to March 2023
Production highlights, nine months to 31 March 2023 For personal use only 143.1mt Ore shipments US$94/dmt Average revenue 86% Average revenue realisation US$17.53/wmt C1 costs FORTESCUE | 5
Slide 7: FY23 guidance
FY23 guidance For personal use only 187 – 192mt Iron ore shipments US$18.00 – US$18.75/wmt C1 cost for hematite US$2.7 – US$3.1bn Capital expenditure excluding FFI US$730 – US$830m FFI anticipated expenditure Guidance is based on an assumed FY23 average exchange rate of AUD:USD 0.70 FORTESCUE | 6
Slide 8: First production at Iron Bridge
For personal use only First production at Iron Bridge FORTESCUE | 7
Slide 9: Belinga Iron Ore Project
Belinga Iron Ore Project For personal use only High grade deposit One of the world’s largest undeveloped high grade hematite deposits Geological similarities to the Simandou deposit Environment Social Impact Assessment Sustainability considerations our highest priority Mining Convention Established
Slide 10: Leading the world effort to decarbonise heavy industry
Leading the world effort to decarbonise For personal use only heavy industry Real Zero by 2030 Scope 1 and 2 emissions Green fleet development Investing in renewable energy technologies Stationary energy Incorporating renewable energy infrastructure Net Zero Scope 3 emissions by 2040 Addressing emis
Slide 11: Fortescue Future Industries
Fortescue Future Industries For personal use only Market for green energy Size of existing energy market Technology Investing in R&D and technology to make the production of green hydrogen viable at scale Five FFI green energy projects • Targeting Final Investment Decision this calendar year • Geogr
Slide 12: Disciplined capital allocation
Disciplined capital allocation For personal use only Delivering Reinvesting in returns to core business shareholders Investing in Maintaining growth and balance sheet development strength FORTESCUE | 11
Slide 13: Strong balance sheet
Strong balance sheet For personal use only US$4.0bn US$6.1bn US$2.1bn Cash on hand Gross debt Net debt As at 31 March 2023 FORTESCUE FORTESCUE| | 12
Slide 14: We are Fortescue
For personal use only We are Safety Integrity Fortescue Family Enthusiasm Empowerment Courage and determination Frugality Generating ideas Stretch targets Humility FORTESCUE | 13
Slide 15: We are Fortescue
For personal use only We are Fortescue fortescue.com
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