Bhp Group Ltd · ASX:BHP
Bhp — BMO Global Metals, Mining & Critical Minerals Conference 2023
10 slides from Bhp's conference presentation, Feb 27, 2023
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 21 February 2023. 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 2022. Forward-looking statements This presentation contains forward-looking st
Slide 3: Portfolio positively leveraged to megatrends
Portfolio positively leveraged to megatrends Built to compete in a complex but opportunity-rich environment Portfolio Copper Nickel Iron Ore Metallurgical Coal Potash Largest endowment1 Second largest Lowest cost iron ore Leading met coal Large-scale resource supports sulphide resources2 producer3 s
Slide 4: H1 FY23 operational and financial performance
H1 FY23 operational and financial performance A strong set of results despite increased external pressures 20% Controlling costs Unit Safety Decline in high-potential injury (HPI) frequency from Cost guidance for Escondida and WAIO unchanged, H1 FY225 costs and BMA and NSWEC cost guidance increase
Slide 5: Near term growth
Near term growth Projects at WAIO and Jansen are underway and on track Growth to >300 Mtpa, studying options for 330 Mtpa Stage 1 on track, Stage 2 studies accelerated • Rail and port debottlenecking and optimisation to deliver >300 Mtpa at WAIO • Jansen Stage 1 project execution at 16% and running
Slide 6: Accelerating our future facing options
Accelerating our future facing options We are accelerating studies across a range of organic growth options in copper, nickel and potash Organic opportunities in copper Longer term opportunities Jansen Stages 3-4 (Potash) Escondida Accelerating options Brownfield Options (Copper) Escondida and Pampa
Slide 7: OZ Minerals proposed acquisition progressing
OZ Minerals proposed acquisition progressing South Australian copper basin BHP tenements • Acquisition of 100% of OZL OZL tenements Producing asset Agreed terms • To be executed by way of a scheme of arrangement Project • Cash price of A$28.25 per OZL share (A$9.6 billion10)11 Major road Power trans
Slide 8: 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 Driving Agile decision Strong Embedded A framework Commitment to Increasing E
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Slide 10: Footnotes
Footnotes 1. Slide 3: : Largest copper endowment on a contained metal basis, equity share. Peers include: Anglo American, Antofagasta, Codelco, First Quantum Minerals, Freeport, Glencore, Rio Tinto, Southern Copper and Teck. Source peers: Wood Mackenzie Ltd, Q1 2022. Source BHP data: FY2021 BHP Annu
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