Bhp Group Ltd · ASX:BHP
Bhp — BMO Global Metals, Mining & Critical Minerals Conference 2025
16 slides from Bhp's conference presentation, Feb 24, 2025
Slide 1: Exchange release: BMO Global Metals, Mining & Critical Minerals Conference
Exchange release 24 February 2025 BMO Global Metals, Mining & Critical Minerals Conference BHP CEO, Mike Henry, will present at the Bank of America Securities 2025 Global Metals, Mining & Critical Minerals Conference today in Miami, USA at 8:00am Eastern Standard Time (12:00am Melbourne time 25 Febr
Slide 2: Contacts
Contacts Media Investor Relations media.relations@bhp.com investor.relations@bhp.com Australia and Asia Australia and Asia Josie Brophy John-Paul Santamaria +61 417 622 839 +61 499 006 018 Europe, Middle East and Africa Europe, Middle East and Africa Gabrielle Notley James Bell +61 411 071 715 +44 7
Slide 3: BMO Global Metals, Mining & Critical Minerals Conference
BMO Global Metals, Mining & Critical Minerals Conference Western Australia Iron Ore
Slide 4: Disclaimer
Disclaimer The information in this presentation is current as at 18 February 2025. 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 2024. Forward-looking statements This presentation contains forward-looking st
Slide 5: A winning strategy
A winning strategy A focused portfolio, operational excellence and a distinctive approach to social value provide an enduring competitive advantage BHP has large, high-quality, long-life assets… …in commodities positively leveraged to global megatrends Jansen GHG Spence WAIO Population Urbanisation
Slide 6: A strong start to FY25
A strong start to FY25 Continued operational excellence delivers copper growth and solid financial results On track for FY25 production guidance at all assets; Copper SA revised 10% copper production growth YoY in HY25; 19% growth across FY22-245 Cost control delivers sector leading margins, strong
Slide 7: Delivering consistent cash flows
Delivering consistent cash flows Sector leading cash flow generation allows for allocation to both growth and returns Our sector leading margins and consistent cash flow generation… Consistent and strong net operating cash flows7 (Net operating cash flow, US$ bn) (Underlying EBITDA margin, %) • Stro
Slide 8: Premium assets in the most attractive commodities
Premium assets in the most attractive commodities A simple portfolio of assets with strong growth potential underpinned by distinctive sources of competitive advantage Lowest cost Premium priced product Iron ore Steelmaking coal Lowest cost producer globally8 Leading producer of higher-quality coal
Slide 9: WAIO: the world's leading iron ore business
WAIO: the world’s leading iron ore business Stronger free cash flow generation than peers, helping to drive shareholder returns and growth Consistent superior free cash flow (FCF) generation (Iron ore FCF, US$/dmt)11 (C1 unit cost US$/t) Operational excellence coupled with structural advantages 120
Slide 10: Copper: a compelling pipeline of organic growth options
Copper: a compelling pipeline of organic growth options Unlocking the world’s largest copper endowment with an aspirational pathway towards over 2 Mtpa of attributable copper production12 Chilean copper projects have potential to grow production13 Copper SA growth pathway capturing US$1.5 bn in pote
Slide 11: Attractive internal options to grow in copper for value
Attractive internal options to grow in copper for value Our organic projects benchmark well vs. current market valuations of listed copper producers Capital intensity of Chilean growth vs. listed copper producer valuations (US$k/tpa CuEq production) Average ~US$50k/t Project Organic growth is attrac
Slide 12: Vicuña: emerging copper district with world class potential
Vicuña: emerging copper district with world class potential Transaction close was an important step towards the development of both the Filo del Sol and Josemaria projects Transaction closed on 15 January 2025 • A long-term strategic alliance between BHP and Lundin Mining • 50/50 JV structure enable
Slide 13: Jansen: a top tier asset set for strong cash flow
Jansen: a top tier asset set for strong cash flow Designed to be a first quartile cost potash producer that is expected to be resilient through the cycle Potash is an attractive future-facing commodity • Exposure to global megatrends • Leverage to population growth and higher living standards • Supp
Slide 14: 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 Increasin
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Slide 16: Footnotes
Footnotes 1. Slide 3: BHP Underlying EBITDA margin (excluding third party products). Peer data compiled from publicly available information (e.g. company reports). Peers include: Anglo American, Glencore (exc. Marketing), Rio Tinto, Vale. 2. Slide 3: See slide 5 demonstrating consistent net operatin
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