Bhp Group Ltd · ASX:BHP
Bhp — BMO Global Metals, Mining & Critical Minerals Conference 2024
12 slides from Bhp's conference presentation, Feb 26, 2024
Slide 1: BMO Global Metals, Mining & Critical Minerals Conference
BMO Global Metals, Mining & Critical Minerals Conference Mike Henry, Chief Executive Officer Escondida
Slide 2: Disclaimer
Disclaimer The information in this presentation is current as at 26 February 2024. It is in summary form and is not necessarily complete. It should be read together with the BHP Results for the half year ended 31 December 2023. Forward-looking statements This presentation contains forward-looking st
Slide 3: H1 FY24 performance
H1 FY24 performance Coworker tragically lost life in fatal incident at BMA in January 2024 All assets on track to meet FY24 guidance1; BMA guidance revised Half year dividend of 72 US cents per share Copper South Australia integrated and delivering value Jansen Stage 2 approved; expected to deliver
Slide 4: Portfolio positively leveraged to megatrends
Portfolio positively leveraged to megatrends BHP portfolio shaped to compete in a complex, but opportunity-rich environment Traditional demand Decarbonisation Attractive fundamentals Demand amplification, rising material intensity Population growth Climate-positive land use Urbanisation Decarbonisin
Slide 5: Growing value over multiple time horizons
Growing value over multiple time horizons A substantial, growing production base with significant long-term optionality A strong pipeline of growth in execution and under study… … with additional potential opportunities… 3 Illustrative timeline FY24 FY25 FY26 FY27 FY28 FY29 FY30+ Jansen Stages 3 & 4
Slide 6: Portfolio diversification from an attractive commodity
Portfolio diversification from an attractive commodity Jansen will be a modern potash mine, expected to enter the market towards the bottom of the global cost curve6 • Doubles planned potash production capacity to ~8.5 Mtpa • ~US$300 m in potential construction synergies Stage 2 potential for • Expe
Slide 7: Copper SA: consolidating a significant resource base
Copper SA: consolidating a significant resource base Value already delivered ahead of further asset optimisation. Growth via potential two stage smelter FID in FY26/FY27 Successful integration… Asset President and leadership team established Projects tracking in line with BHP estimates Strong H1 ope
Slide 8: Chilean copper options advancing
Chilean copper options advancing A range of growth options being progressed across our copper assets • On track for an update in CY24 • Studies at Escondida – New concentrator to replace Los Colorados – Expansion at Laguna Seca 1 and 2 concentrators – Five leaching technologies are under study, in t
Slide 9: BMA: a leading producer of higher quality met coal
BMA: a leading producer of higher quality met coal 11 Blackwater and Daunia sale delivers tighter, high margin coal portfolio12 Increasing exposure to PHCC… … a higher value product… … within a growing market (% of coal product by quality, BHP share) (Relative price FOB Australia, CY19-23 avg.) (HCC
Slide 10: Investment proposition
Investment proposition Attractive returns underpinned by operational excellence, capital allocation discipline and social value commitment Operational Disciplined Value and returns excellence capital allocation World class Differentiated Agile decision Strong Capital A framework Commitment to Increa
Slide 11: Slide 11
Slide 12: Footnotes
Footnotes 1. Slide 3: FY24 production guidance ranges remain unchanged for all assets, with the exception of BMA which has been lowered to between 23 and 25 Mt (46 – 50 Mt at 100%) excluding Blackwater and Daunia from the expected sale completion date of 2 April 2024. WAIO, Escondida and Spence are
BHP — BMO Global Metals, Mining & Critical Minerals Conference 2024 on 6ix