Fortescue Ltd · ASX:FMG
Fortescue — Fortescue Metals Group — Shareholder Meeting (November 2018)
29 slides from Fortescue's shareholder meeting presentation, Nov 15, 2018
Slide 1: Annual General Meeting 2018
For personal use only Annual General Meeting 2018 15 November 2018
Slide 2: Elizabeth Gaines, Chief Executive Officer
For personal use only Elizabeth Gaines Chief Executive Officer
Slide 3: Celebrating 15 years of milestones
Celebrating 15 years of milestones For personal use only 15 10 YEARS 1 BILLION YEAR Since first ore Tonnes iron ore Anniversary shipped supplied
Slide 4: Safety and unique culture
Safety and unique culture For personal use only 3.7 Looking out for Total recordable our mates injury frequency rate Company wide 94% safety stop Safety and Culture survey participation
Slide 5: Communities benefit from our success
Communities benefit from our success For personal use only 14.1% Aboriginal employment Empowering communities A$2bn contracts with Aboriginal businesses 814 Aboriginal people employed via VTEC A$50m Guaranteed Leasing Facility
Slide 6: Partnering with communities
Partnering with communities For personal use only Hockey Australia Ronald McDonald National Indigenous House Hockey Program Hedland Senior Big hART High School Trade Youth workshops Training Centre
Slide 7: Embracing diversity
Embracing For personal use only diversity Practical initiatives 17.4% female employment in the workplace 24% female senior managers Fortescue Family room Flexible working arrangements
Slide 8: Safeguarding the environment
Safeguarding For personal use only the environment 91.7 million kL of water directly reinjected into aquifers Responsible environmental 88% recycled waste management GHG emissions intensity reduced by 13.5% since FY15 Expand climate related financial disclosure reporting
Slide 9: Delivering FY18 results
Delivering For personal use only FY18 results TRIFR 3.7 170mt C1 cost Shipped US$12.36/wmt A$0.23per share 24% US$4.0bn Total dividends Net gearing Gross debt 62% of FY18 NPAT
Slide 10: Embracing technology
Embracing technology For personal use only World leading autonomous Autonomous Relocatable haulage technology drills Conveyor Data analytics Remote integrated Fortescue Ore Systems and operations centre Carriers processes Purpose built
Slide 11: Capital allocation
Capital allocation For personal use only Increased returns to shareholders following rapid de-gearing of balance sheet FY16 – US$3.1bn FY17 – US$4.0bn FY18 – US$2.2bn Capital expenditure Net debt repayments Dividends
Slide 12: Eliwana mine and rail project
Eliwana mine For personal use only and rail project US$1.275bn capital investment Largest development 143kms rail; 30mtpa dry OPF since T155 Initial strip ratio 1.1:1 First ore on train Dec 2020
Slide 13: West Pilbara Fines
West Pilbara For personal use only Fines First shipment scheduled Dec 2018 Underpinned by Eliwana 5-10mt in FY19 Growing to ~40mtpa for 20+ years on completion of Eliwana
Slide 14: Relationships with China
Relationships with China For personal use only
Slide 15: Diversifying Fortescue's customer base
Diversifying Fortescue’s customer base For personal use only Developing and emerging Asia represents two thirds of global growth Source: IMF World Economic Database; GDP % change; April 2018 Q4 FY18 Highlights Document March 2019
Slide 16: FY19 Guidance
FY19 Guidance For personal use only 165-173mt US$12-13/wmt Shipments C1 cost US$1.2bn Dividend policy 50-80% Capital spend pay-out of NPAT
Slide 17: Key strategic focus
Key strategic focus For personal use only Balance sheet Long term strength sustainability Growth and Returns to development shareholders options
Slide 18: Fortescue's values
Fortescue’s values For personal use only Our Vision: The safest, lowest cost, most profitable mining company
Slide 19: Andrew Forrest AO, Founder and Chairman
For personal use only Andrew Forrest AO Founder and Chairman
Slide 20: Unparalleled opportunity
Unparalleled For personal use only opportunity 80mt gap in supply
Slide 21: Truly global scale operations
Truly global For personal use only scale operations Excellent operational capability
Slide 22: Core Leadership Team
Core Leadership Team For personal use only Champions of Fortescue’s culture
Slide 23: Board governance
Board governance For personal use only Talented and diverse board committed to our shareholders
Slide 24: Growth and development
Growth and For personal use only development Built on our reputational capital
Slide 25: Ethical focus promoting positive change
Ethical focus promoting positive change For personal use only Collaborate to contribute effectively to overall social and economic wellbeing
Slide 26: Protecting human rights
Protecting For personal use only human rights Eradicate modern slavery, protect the environment and enhance early childhood development 26
Slide 27: Minderoo
Minderoo For personal use only Programs that strengthen communities and support disadvantaged people
Slide 28: Celebrating our milestone year
Celebrating our milestone year For personal use only My sincere thanks to our shareholders and the entire Fortescue Family
Slide 29: Fortescue: The New Force in Iron Ore
For personal use only Fortescue The New Force in Iron Ore www.fmgl.com.au Ww FortescueNews minderoo
Fortescue Metals Group — Shareholder Meeting (November 2018) on 6ix