Fortescue Ltd · ASX:FMG

Fortescue — Boao Forum for Asia Perth 2023

124 slides from Fortescue's conference presentation, Aug 30, 2023

1. Slide 1: Presentation – Boao Forum for Asia Perth 2023

   30 AUGUST 2023 PRESENTATION – BOAO FORUM FOR ASIA PERTH 2023 Fortescue Metals Group Ltd (Fortescue, ASX: FMG) advises that Executive Chairman, Dr Andrew Forrest AO, is presenting at the Boao Forum for Asia Perth on Wednesday, 30 August 2023. A copy of the presentation is attached and a recording of

2. Slide 2: For personal use only

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3. Slide 3: Forward Looking Statements Disclaimer

   Forward For personal use only Important Notice Looking The purpose of this presentation is to provide general information about Fortescue Metals Group Ltd and its subsidiaries (“Fortescue”). It is not recommended that any person makes any investment decision in relation to Fortescue based on this pr

4. Slide 4: What's the chance of 1.5˚C holding?

   For personal use only What’s the chance of 1.5˚C holding? 1 in 50 Liu and Rafferty (2021)

5. Slide 5: We have better odds in roulette (1 in 36)

   For personal use only We have better odds in roulette (1 in 36)

6. Slide 6: But this misses the point

   For personal use only But this misses the point There is now an immediate threat It is much more lethal than COVID

7. Slide 7: The fossil fuel industry admits global temperatures are rising

   For personal use only The fossil fuel industry admits global temperatures are rising Supran et al (2023)

8. Slide 8: But there's something they're not telling you…

   For personal use only But there’s something they’re not telling you…

9. Slide 9: Something else is rising

   For personal use only Something else is rising NASA

10. Slide 10: Much faster

    For personal use only Much faster

11. Slide 11: And it's already killing people

    For personal use only And it’s already killing people

12. Slide 12: Could your health already be at risk?

    For personal use only Could your health already be at risk? Yes Raymond et al (2020)

13. Slide 13: Humanity is at risk

    For personal use only Humanity is at risk Now Buzan and Huber (2020) & Kang and Eltahir (2018) & Zhang et al (2021) & Saeed et al (2021) & Wang et al (2021) & Vecellio et al (2022) & Freychet et al (2020)

14. Slide 14: Can you escape if you live in a city?

    Can you escape if you live For personal use only in a city?

15. Slide 15: Sure, until the air conditioning fails

    For personal use only Sure, until the air conditioning fails Sherwood and Huber (2010)

16. Slide 16: You're young and work outdoors

    For personal use only You’re young and work outdoors Are you safe?

17. Slide 17: You're at extreme risk

    For personal use only You’re at extreme risk Im et al. (2017) & Abokhashabah (2020) & Vecellio et al (2022) & de Lima et al (2019) & Foster et al (2020) & Morris et al (2021)

18. Slide 18: So are children, grandparents and people who are already ill

    For personal use only So are children, grandparents and people who are already ill ​ Rylander et al (2015) & Coffel et al (2018)

19. Slide 19: For personal use only

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20. Slide 20: Lethal humidity

    For personal use only Lethal humidity Im et al (2017) & Saeed et al (2021) & Wang et al (2021) & Vecellio et al (2022) & Buzan and Huber (2020) & Kang and Eltahir (2018) & Zhang et al (2021) & Raymond et al (2020) & Freychet et al (2020) & Wang et al (2020)

21. Slide 21: Normally your sweat cools you down

    For personal use only Normally your sweat cools you down Osilla et al (2023) & Kovac (2010) & Raymond et al (2020)

22. Slide 22: But if it's too humid…

    For personal use only But if it’s too humid…

23. Slide 23: Your sweat can't evaporate

    For personal use only Your sweat can't evaporate Your body heat can't escape Zhang et al (2021) & Saeed et al (2021) & Wang et al (2021)

24. Slide 24: Your core temperature starts to rise

    For personal use only Your core temperature starts to rise Raymond et al (2020) & Vecellio et al (2022)

25. Slide 25: At just 35˚C, with high humidity, you can die in six hours

    For personal use only At just 35˚C, with high humidity, ​you can die in six hours​ Sherwood and Huber (2010) & Im et al (2017)

26. Slide 26: But even temperatures as low as 31˚C can kill

    For personal use only But even temperatures as low as 31˚C can kill Vecellio et al (2022) & Kang and Eltahir (2018) & Sherwood and Huber (2010)

27. Slide 27: Lethal Humidity is already here

    For personal use only Lethal Humidity is already here Columbia University & Saeed et al (2021) & Raymond et al (2020)

28. Slide 28: But it's rising

    For personal use only But it's rising For every degree our planet warms​, humidity rises 7% NASA

29. Slide 29: Lethal Humidity will be the next global pandemic

    For personal use only Lethal Humidity will be the next global pandemic

30. Slide 30: Health care systems are straining

    For personal use only Health care systems are straining They will fail Filip et al (2022)

31. Slide 31: This time, there's no cure

    For personal use only This time, there’s no cure

32. Slide 32: Your heart rate accelerates

    For personal use only Your heart rate accelerates​ Harvard Medical School

33. Slide 33: Pounding headache, vomiting

    For personal use only Pounding headache​ Vomiting​ Harvard Medical School

34. Slide 34: Your heart pumps up to 400% more blood than normal

    For personal use only Your heart pumps up to 400% more blood than normal​ Harvard Medical School

35. Slide 35: Within minutes to hours…

    For personal use only Within minutes to hours…​ Centers for Disease Control and Prevention

36. Slide 36: Your body temperature will rise to a very dangerous 41˚C

    For personal use only Your body temperature will rise to a very dangerous 41˚C​ Centers for Disease Control and Prevention

37. Slide 37: This is the beginning of the end

    For personal use only This is the beginning ​ of the end​

38. Slide 38: The tiny structures that enable you to be alive unravel

    For personal use only The tiny structures that enable you to be alive unravel Harvard Medical School

39. Slide 39: Like an egg, they can't be uncooked

    For personal use only Like an egg, they can't be uncooked

40. Slide 40: You bleed internally

    For personal use only You bleed internally​ Harvard Medical School

41. Slide 41: Your blood thickens

    For personal use only Your blood thickens​ Harvard Medical School & Kenny et al (2010)

42. Slide 42: Your organs start to fail

    For personal use only Your organs start to fail​ Harvard Medical School

43. Slide 43: Hallucinations, seizures, coma

    For personal use only Hallucinations​ Seizures​ Coma ​ Harvard Medical School

44. Slide 44: Heart attack can happen at any time

    For personal use only Heart attack can happen at any time​ Harvard Medical School

45. Slide 45: You struggle to breathe

    For personal use only You struggle to breathe​ Harvard Medical School

46. Slide 46: If you've made it to hospital...

    For personal use only If you've made it to hospital...​

47. Slide 47: You can have a cardiopulmonary bypass

    For personal use only You can have a​ “cardiopulmonary bypass” Harvard Medical School

48. Slide 48: Your blood is drained, cooled then put back in your body

    For personal use only Your blood is drained,​ cooled then put back in your body ​ Harvard Medical School

49. Slide 49: Even if you get to a hospital… you're more likely to die

    For personal use only Even if you get to a hospital… You’re more likely to die than survive Bouchama et al (2022)

50. Slide 50: If you don't make it to hospital

    For personal use only If you don't make it to hospital​

51. Slide 51: You die

    For personal use only You die Ebi et al (2021) & Sherwood and Huber (2010) & Im et al (2017)

52. Slide 52: All mammals have a new, real and current danger

    For personal use only All mammals (including you) have a new, real and current danger Sherwood and Huber (2010) & Coffel et al (2018)

53. Slide 53: The most affected countries are the biggest: China, India and the USA

    For personal use only The most affected countries are the biggest: China, India and the USA Coffel et al (2018) & Pew Research Center & Wang et al (2019) & Freychet et al (2020)

54. Slide 54: Where much of the world's food comes from

    For personal use only Where much of the world’s food comes from Saeed et al (2021) & Mishra et al (2020) & World Population Review

55. Slide 55: But also

    For personal use only But also

56. Slide 56: West Africa, South America, All of Asia, Australia, Central Europe, Middle East

    For personal use only West Africa South America All of Asia Australia Central Europe Middle East Coffel et al (2018) & Freychet et al (2020) & Buzan and Huber (2020) & Kang and Eltahir (2018) & Zhang et al (2021) & Saeed et al (2021) & Wang et al (2021)

57. Slide 57: What happens next?

    For personal use only What happens next?

58. Slide 58: Stampede migration, survival behaviours and border collapse

    For personal use only Stampede migration, survival behaviours and border collapse Horton et al (2021) & Xu et al (2020) & Carril et al (2022)

59. Slide 59: Think Central to North America

    For personal use only Think Central to North America

60. Slide 60: Border walls fail

    For personal use only Border walls fail Wall between California and Tijuana Baja California

61. Slide 61: Mexico Heatwave June 2023

    For personal use only Mexico Heatwave June 2023

62. Slide 62: Think Africa to Europe

    For personal use only Think Africa to Europe

63. Slide 63: Ethiopia Droughts January 2023

    For personal use only Ethiopia Droughts January 2023

64. Slide 64: Think across Asia

    For personal use only Think across Asia

65. Slide 65: Ballia India Deadly Heat June 2023

    For personal use only Ballia India Deadly Heat June 2023

66. Slide 66: Xinjiang China 52.2°C Heat July 2023

    For personal use only Xinjiang China 52.2°C Heat July 2023

67. Slide 67: Zhouzhou China Flooding August 2023

    For personal use only Zhouzhou China Flooding August 2023

68. Slide 68: Buan, South Korea Dangerous Humidity August 2023

    For personal use only Buan, South Korea Dangerous Humidity August 2023

69. Slide 69: The world has Stockholm Syndrome

    For personal use only The world has Stockholm Syndrome Oxford University

70. Slide 70: We are tied to fossil fuels

    For personal use only We are tied to fossil fuels Oxford University

71. Slide 71: We think we can't survive without them

    For personal use only We think we can’t survive without them

72. Slide 72: But we can…

    For personal use only But we can…

73. Slide 73: And we must

    For personal use only And we must

74. Slide 74: The origination of global warming is the industrial world

    For personal use only The origination of global warming is the industrial world

75. Slide 75: One major company must go first

    For personal use only One major company must go first

76. Slide 76: We are Fortescue

    For personal use only We are Fortescue

77. Slide 77: We are completely decarbonising

    For personal use only We are completely decarbonising

78. Slide 78: Real Zero by 2030

    Real Zero by 2030 For personal use only Decarbonisation underway US$10 billion EBITDA (FY23)

79. Slide 79: Iron Ore & Critical Minerals, Green Energy, Technologies

    For personal use only Green steel, battery metals, proof of delivery Iron Ore & Critical Minerals Green Energy Technologies, electrons, innovation, social license

80. Slide 80: Creating green energy to replace fossil fuels

    For personal use only Creating green energy to replace fossil fuels

81. Slide 81: Designing green tech to enable Real Zero

    For personal use only Designing green tech to enable Real Zero

82. Slide 82: We are asking China, the USA and India to do no more than this

    For personal use only We are asking China, the USA and India to do no more than this

83. Slide 83: Large parts of China, the USA and India are warming faster

    For personal use only Large parts of China, the USA and India are warming faster than the global average US Environmental Protection Agency (EPA) & Kang and Eltahir (2018)

84. Slide 84: Lethal Humidity conditions already occurring in East China

    For personal use only Lethal Humidity conditions are already occurring in parts of East China Freychet et al (2020)

85. Slide 85: Red marks where Lethal Humidity will happen

    For personal use only Red marks where Lethal Humidity will happen, as it gets worse Kang and Eltahir (2018) & Li et al (2020) & Dawei Li et al (2020)

86. Slide 86: North China Plains (400 million)

    For personal use only North China Plains (400 million) China’s “food bowl” Freychet et al (2020) & Kang and Eltahir (2018)

87. Slide 87: One of the most densely populated regions in the world

    For personal use only One of the most densely populated regions in the world Kang and Eltahir (2018)

88. Slide 88: Yangtze River Valley

    For personal use only Yangtze River Valley Kang and Eltahir (2018) & Freychet et al (2020)

89. Slide 89: Southeastern China

    For personal use only Southeastern China Wang et al (2019)

90. Slide 90: Shanghai, Weifang, Jining, Qingdao, Rizhao, Yantai and Hangzhou

    For personal use only Shanghai, Weifang, Jining, Qingdao, Rizhao, Yantai and Hangzhou Freychet et al (2020) & Kang and Eltahir (2018)

91. Slide 91: In the USA, Lethal Humidity occurs at 1.5˚C warming

    For personal use only In the USA, Lethal Humidity occurs at 1.5˚C warming Buzan and Huber (2020) & Freychet et al (2022) & Dawei Li et al (2020)

92. Slide 92: Southeast USA is most at risk

    For personal use only Southeast USA is most at risk Spangler et al (2022) Raymond and Horton (2017)

93. Slide 93: Chicago is vulnerable

    For personal use only Chicago is vulnerable Dawei Li et al (2020)

94. Slide 94: India? Lethal Humidity conditions already exist...

    For personal use only India? Lethal Humidity conditions already exist...

95. Slide 95: Already recorded on India's east coast, southwest coast, northwest

    For personal use only They have already been recorded on India’s: East coast Southwest coast Northwest Raymond et al (2020) & Saeed et al (2021)

96. Slide 96: Lethal Humidity becomes commonplace in India at 1.5˚C

    For personal use only But Lethal Humidity becomes commonplace in India at 1.5˚C (black) Saeed et al (2021) & Raymond et al (2020)

97. Slide 97: Mumbai (17 million)

    For personal use only Mumbai (17 million)

98. Slide 98: New Delhi (33 million)

    For personal use only New Delhi (33 million)

99. Slide 99: India's food bowl, the Indo-Gangetic Plains

    For personal use only India’s food bowl, the Indo-Gangetic Plains Freychet et al (2022)

100. Slide 100: In Australia: Lethal Humidity occurs at 1.5˚C warming

     For personal use only In Australia: Lethal Humidity occurs at 1.5˚C warming Freychet et al (2022)

101. Slide 101: The more the planet warms, the worse Lethal Humidity gets

     For personal use only The more the planet warms, the worse Lethal Humidity gets Freychet et al (2022)

102. Slide 102: Some countries will experience days a year of mortality risk

     Some countries will For personal use only experience 365 days a year of mortality risk (IPCC, 2023) IPCC Synthesis Report 2023

103. Slide 103: We can duck this no longer

     For personal use only We can duck this no longer

104. Slide 104: The actions we need to take are clear

     For personal use only The actions we need to take are clear

105. Slide 105: Take down all barriers to green energy manufacturing

     For personal use only Take down all barriers to green energy manufacturing

106. Slide 106: Including fossil fuel subsidies

     For personal use only Including fossil fuel subsidies

107. Slide 107: Match policy settings to risk

     For personal use only Match policy settings to risk

108. Slide 108: Immediately

     For personal use only Immediately

109. Slide 109: Support a Green Armistice

     For personal use only Support a Green Armistice China, the USA and India

110. Slide 110: When? APEC, November 2023

     For personal use only When? APEC, November 2023 California

111. Slide 111: What?

     For personal use only What? Announce law intention to render illegal any action which that would prevent mitigation of global warming

112. Slide 112: Who?

     For personal use only Who? President Xi President Biden Prime Minister Modi

113. Slide 113: Green Armistice

     Green Armistice For personal use only MEMBERS DISCUSSIONS LAW INTENTION IMPLIMENTATION BY RESOLUTION PROCEED ANNOUNCED GLOBAL BUSINESS G20 APEC BOAO Initiative BOAO Forum New Delhi, San Francisco, Hainan, March Perth, today September November 2024 1 2 3 4 CHINA, USA AND INDIA – LEAD THE WORLD SIMPLE

114. Slide 114: We are the ones responsible for the deaths caused by climate change

     For personal use only We are the ones responsible for the deaths caused by climate change

115. Slide 115: You can hold business leaders to account

     For personal use only You can hold business leaders to account

116. Slide 116: You can hold your local government leaders to account

     For personal use only You can hold your local government leaders to account

117. Slide 117: Make us change

     For personal use only Make us change

118. Slide 118: References

     For personal use only References

119. Slide 119: References

     Raymond et al (2020). The emergence of heat and humidity too severe for human tolerance. Science Advances DOI: 10.1126/sciadv.aaw1838. https://www.science.org/doi/full/10.1126/sciadv.aaw1838 For personal use only Vecellio et al (2022). Evaluating the 35C wet-bulb temperature adaptability for young h

120. Slide 120: References

     Zhang et al (2021) Projections of tropical heat stress constrained by atmospheric dynamics. Nature Geoscience, 14:3 https://doi.org/10.1038/s41561-021-00695-3 For personal use only Saeed et al (2021) Deadly heat stress to become commonplace across South Asia already at 1.5C global warming. Geophysic

121. Slide 121: References

     Abokhashabah et al (2020) A review of occupational exposure to heat stress, its health effects and controls among construction industry workers, A case of Jeddah, KSA. Int. J. Biosci. 17:1, 35-45 DOI: http://dx.doi.org/10.12692/ijb/17.1.35-45 Seng et al (2018). Heat stress in rice vermicelli manufac

122. Slide 122: References

     Mora et al (2017) Global risk of deadly heat. Nature Climate Change, 7:7 p501-506. DOI: https://doi.org/10.1038/nclimate3322 Filip et al. (2022). Global Challenges to Public Health Care Systems during the COVID-19 Pandemic: A Review of Pandemic For personal use only Measures and Problems. J Pers Med

123. Slide 123: References

     NASA: How Climate Change May Make Some Places Too Hot to Live: https://climate.nasa.gov/explore/ask-nasa- climate/3151/too-hot-to-handle-how-climate-change-may-make-some-places-too-hot-to- live/#:~:text=Raymond%20says%20the%20highest%20wet,begun%20to%20exceed%20this%20limit. For personal use only Ce

124. Slide 124: References

     Yu et al (2022). Assessment of land degradation in the North China Plain driven by food security goals. Ecological Engineering. For personal use only 183: 106766. DOI: https://doi.org/10.1016/j.ecoleng.2022.106766 Carril et al 2022 Forced migration and food crises https://cepr.org/voxeu/columns/forc

Fortescue — Boao Forum for Asia Perth 2023 on 6ix