Bhp Group Ltd · ASX:BHP
Bhp — Bank of America Global Metals, Mining & Steel Conference 2022
15 slides from Bhp's conference presentation, May 17, 2022
Slide 1: Resilient returns and growth
Resilient returns and growth Bank of America Global Metals, Mining & Steel Conference Mike Henry Chief Executive Officer Western Australia Iron Ore
Slide 2: Disclaimer
Disclaimer Forward-looking statements This presentation contains forward-looking statements, including statements regarding: trends in commodity prices and currency exchange rates; demand for commodities; production forecasts; plans, strategies and objectives of management; assumed long-term scenari
Slide 3: Well positioned amid uncertain environment
Well positioned amid uncertain environment Healthy demand and disrupted supply are driving high commodity prices Macro Global growth solid ~4%, albeit hampered by World-class resource basins with growth optionality Ukraine crisis & Chinese lockdowns. Policy uncertainty Markets High prices supported
Slide 4: Consistent performance
Consistent performance Consistently strong margins and a high baseline of cash flow Margins ahead of peers through commodity cycles1 Consistently delivered >$15bn in net operating cash flow (Underlying EBITDA margin, %) (Bloomberg commodity index, rebased) (US$ billion) 1… 1… 1… 1… 1… 1… 1… 1… 1… 1…
Slide 5: Potash delivers value growth and differentiation
Potash delivers value growth and differentiation A future facing commodity with attractive long term fundamentals and differentiated demand drivers Potash market has highly attractive characteristics Potash provides differentiated demand drivers Correlation since 20092 Inducement Large market pricin
Slide 6: Jansen: Execution on track, Stage 2 studies underway
Jansen: Execution on track, Stage 2 studies underway Stage 2 studies being accelerated to provide maximum optionality on sanction timing Estimated production from potential incremental stages beyond Jansen S13 (MOP Production, Mt) 20 Lower capital Higher incremental intensity returns7 16 Jansen S4 2
Slide 7: World class resource base provides optionality
World class resource base provides optionality Significant growth potential in existing copper and nickel resources Largest copper endowment with comparatively high average grade11 Second largest nickel sulphide resource globally12 (Total copper resources, contained metal copper Mt) (Copper grade %)
Slide 8: Levers to deliver value growth
Levers to deliver value growth Increasing options through productivity, internal resources and external opportunities across varying time horizons Organic opportunities Creating new opportunities Escondida Nickel West Brownfield Options Expansion (Copper) (Nickel) Exploration Technology & Innovation
Slide 9: Consistent capital allocation discipline
Consistent capital allocation discipline In the last year we have returned over US$17 billion to shareholders Globally significant dividends13 Since introduction of CAF, we’ve balanced reinvestment and returns14 (Dividends paid over the last twelve months, US$ billion) (%) 20.0 17.7 17.7 Balance 16.
Slide 10: Investment proposition
Investment proposition Consistently high returns underpinned by operational excellence, capital allocation discipline and social value leadership Operational Disciplined Value and returns excellence capital allocation World class Continuous Successful Strong Embedded Pipeline of Sustainability Incre
Slide 11: Appendix
BHP Appendix
Slide 12: Footnotes
Footnotes 1. Slide 4: Bloomberg commodity index (Source: Bloomberg, BCOM Index) as at the end of each quarter, rebased to BHP FY10 EBITDA margin. BHP H1 FY22 EBITDA margin reported on the basis that BHP Petroleum is a discontinued operation, given the effective date of the proposed merger between BH
Slide 13: Competent Person Statement – Copper Mineral Resources
Competent Person Statement – Copper Mineral Resources Copper Mineral Resources Competent Person Statement The information in this slide relates to Copper Mineral Resources as at 30 June 2021. Mineral Resources are inclusive of Ore Reserves and is based on information compiled by Marcelo Cortes as Co
Slide 14: Competent Person Statement – Nickel Mineral Resources
Competent Person Statement – Nickel Mineral Resources Nickel West Mineral Resources Competent Person Statement The information in this slide relates to Nickel West Mineral Resources as at 30 June 2021. Mineral Resources are inclusive of Ore Reserves and is based on information compiled by Richard Fi
Slide 15: Slide 15
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