Bhp Group Ltd · ASX:BHP
Bhp — Investor Presentation (June 2024)
25 slides from Bhp's investor presentation, Jun 26, 2024
Slide 1: Exchange release: Decarbonisation Investor Presentation
Exchange release 26 June 2024 Decarbonisation Investor Presentation BHP will be hosting an investor presentation today on decarbonisation to provide an update on our progress and plans to achieve our medium and long-term decarbonisation targets and goals. For personal use only A copy of the presenta
Slide 2: Contacts
BHP Confidential 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 B
Slide 3: Decarbonisation: Strategy and progress
For personal use only Decarbonisation: Strategy and progress Investor Presentation 26 June 2024 Enel Green Power's hybrid renewable energy park that provides renewable electricity to our Escondida and Spence assets
Slide 4: Disclaimer
Disclaimer Forward-looking statements This presentation may contain 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: our strategy, our values and
Slide 5: Decarbonisation overview
For personal use only Decarbonisation overview Dr Graham Winkelman Vice President Climate Jimblebar in Western Australia will be the site of our first planned battery electric haul truck trial in CY2024
Slide 6: Decarbonisation in our operations and value chain
Decarbonisation in our operations and value chain BHP is working with global partners and other stakeholders in the value chain For personal use only On track to reduce our operational GHG emissions (Scopes 1 and 2 from our operated assets) by at least 30% by FY2030 from FY2020 levels We have a goal
Slide 7: Progress towards our FY2030 operational GHG emissions target
Progress towards our FY2030 operational GHG emissions target We are firmly focused on reducing operational GHG emissions and have made good progress to date For personal use only Operational GHG emissions2 (Mt CO2-e) 16 32% 14 8% 12 4% 10 46% 10% 8 6% 20% 6 4 41% 62% 2 0 FY2020 Chile Australia Oth
Slide 8: BHP's operational decarbonisation trajectory
BHP’s operational decarbonisation trajectory The pathway will be non-linear and requires significant effort to overcome organic growth and technology challenges3 For personal use only Operational GHG emissions (Mt CO2-e) Nickel West Nickel West 16 Southern Cross Enel Green Power PPA Energy Partnersh
Slide 9: Value chain strategy and long-term Scope 3 net zero goal
Value chain strategy and long-term Scope 3 net zero goal Our focus areas are defined by materiality, ability to impact and alignment to our commodity and asset portfolio For personal use only Support the development Control Influence. and adoption of GHG Collaborative emission reduction partnerships
Slide 10: Operational decarbonisation
For personal use only Operational decarbonisation Dan Heal Vice President Operational Decarbonisation Minerals Australia BHP is collaborating with equipment manufacturers and others across the industry to accelerate development of the technology required
Slide 11: Global operational GHG emissions snapshot
Global operational GHG emissions snapshot Strong progress made in reduction of Scope 2 emissions by signing multiple low GHG emissions PPAs at many of our operated assets Scope 1: Natural gas Scope 1: Diesel Scope 1: Fugitives / Other Scope 2: Purchased electricity For personal use only Escondida BM
Slide 12: Globally, haul trucks are the largest user of diesel at BHP
Globally, haul trucks are the largest user of diesel at BHP Our preferred pathway to eliminate diesel is via electrification Diesel use by type of equipment6 Fuel-to-wheel efficiency of alternative fuel sources7 For personal use only (%) Electricity ~80% H2 Hydrogen ~30% Ancillary Excavators Electri
Slide 13: Diesel displacement in Chilean copper assets
Diesel displacement in Chilean copper assets Trolley assist to aid in delivering FY2030 target for operational GHG emissions Electric fleet transition8 Truck fleet at Escondida and Spence For personal use only Stage 1 Stage 2 Stage 3 ~200 trucks Mixed Diesel Trolley Widespread fleet size which may e
Slide 14: Diesel displacement in Minerals Australia
Diesel displacement in Minerals Australia Operational trials and collaboration to accelerate development are critical to success For personal use only Operating BHP BHP target Partners prototype operating trial deployment10 Caterpillar 202211 2024 From 202812 Komatsu 2021 ~2026 Progress Rail 2022 20
Slide 15: Approach to methane emissions
Approach to methane emissions BMA’s higher quality metallurgical coal can help steel mills reduce their own GHG emissions intensity CY2022 GHG emissions intensity of export metallurgical coal mines13 For personal use only • BMA had one of the lowest GHG emissions intensity footprints (Tonnes CO2-e p
Slide 16: Value chain decarbonisation: Steelmaking
For personal use only Value chain decarbonisation: Steelmaking Dr Nigel Tame Head of Steel Decarbonisation Partnerships Tapping molten iron produced in an electrolysis test cell from BHP ores, as part of our partnership with Boston Metal
Slide 17: Collaborating to reduce GHG emissions in steelmaking
Collaborating to reduce GHG emissions in steelmaking Nine partnerships with steel-makers representing ~20% of global steel production14 to help tackle long-term steel transition through the decades to come For personal use only Near zero15 emissions steelmaking Multiple pathways technology needs dev
Slide 18: Supporting decarbonisation in steelmaking
Supporting decarbonisation in steelmaking We are progressing a diverse project portfolio to larger scale; covering routes we believe have greatest potential to support decarbonisation from use of our products Project scale of testing For personal use only BHP’s steelmaking decarbonisation program Pi
Slide 19: Pathway scorecard: progress of projects in our program
Pathway scorecard: progress of projects in our program New abatement technology capabilities we are helping to develop to support our customers to decarbonise their processes For personal use only Electric Smelting Furnace (ESF) / Blast Furnace (BF) Electric Arc Furnace (EAF) Demonstrate staged abat
Slide 20: Advancing readiness for an electric smelting pilot facility
Advancing readiness for an electric smelting pilot facility We have been progressing development in this route since CY2022 For personal use only Laboratory research at University of Newcastle 56%Fe CY2022 (New South Wales, Australia) Fines Blast Sheet & pipe Mar 2023 Partnership with Hatch: Pilot D
Slide 21: Value chain decarbonisation: Shipping
For personal use only Value chain decarbonisation: Shipping Ashima Taneja Head of Maritime Safety, Sustainability & Technical The world-first trial of sustainably-certified biofuel supplied in Singapore, conducted by BHP in collaboration with Oldendorff and GoodFuels
Slide 22: BHP is a leading organisation in maritime decarbonisation
BHP is a leading organisation in maritime decarbonisation Achieved a GHG emissions intensity reduction of 41% in BHP-chartered shipping of our products in FY2023 against a CY2008 baseline For personal use only We are supporting decarbonisation We are progressing delivery of our strategy Customers Ec
Slide 23: Future fuels: developing the ammonia value chain
Future fuels: developing the ammonia value chain We see significant potential in the trial and adoption of low to zero-emissions alternatives such as ammonia For personal use only BHP successfully launched an expression A promising future fuel of interest (EOI) to establish the world’s Launching the
Slide 24: Footnotes
Footnotes Decarbonisation overview 1. Slide 4: Achievement of this goal is uncertain, particularly given the challenges of a net zero pathway for our customers in steelmaking, and we cannot ensure the outcome alone. 2. Slide 5: Future GHG emission estimates are based on latest annual business plans.
Slide 25: For personal use only
For personal use only