Bhp Group Ltd · ASX:BHP
Bhp — Bank of America Global Metals, Mining & Steel Conference 2023
17 slides from Bhp's conference presentation, May 16, 2023
Slide 1: Bank of America Global Metals, Mining & Steel Conference 2023
Bank of America Global Metals, Mining & Steel Conference 2023 Mike Henry Chief Executive Officer Western Australia Iron Ore
Slide 2: Disclaimer
Disclaimer Forward-looking statements This presentation contains forward-looking statements, including statements regarding: trends in economic outlook; commodity prices and currency exchange rates; demand for commodities; medium-term guidance; reserves and resources and production forecasts; operat
Slide 3: Reflecting on safety
Reflecting on safety Two colleagues tragically lost in fatal incidents at WAIO and Olympic Dam
Slide 4: Classic long-term fundamentals remain favourable…
Classic long-term fundamentals remain favourable… Global commodity demand underpinned by population growth, urbanisation and rising living standards Global economy projected to increase 2.5x by 2050… … and global population growth and urbanisation to continue (Trillion US$ PPP 2011) (Billion people)
Slide 5: …and a decarbonising world amplifies the need for mining
…and a decarbonising world amplifies the need for mining Significant additional investment required to meet growing demand Large cumulative demand increases across commodities Copper potentially needs around US$250 billion of investment by 2030 (%, next 30 years compared to the last 30 years) (US$ b
Slide 6: Copper's supply challenge decades in the making
Copper's supply challenge decades in the making Lack of discoveries this century puts BHP in an advantaged position Major copper discoveries are becoming less …making our largest copper endowment …whilst we create and accelerate more common and getting deeper… an attractive base for growth1… options
Slide 7: A focus on near term growth
A focus on near term growth Substantial, growing production base as we advance our near term organic growth options, significant optionality beyond this Near term opportunities and productivity drive potential volume growth2 (Production, Mt Cu equivalent) 6.5 +13% Additional options 6.0 Escondida &
Slide 8: WAIO and Jansen projects advancing
WAIO and Jansen projects advancing Projects on track with studies for further growth underway WAIO growth to >300 Mtpa, studying options for 330 Mtpa Jansen Stage 1 on track, Stage 2 studies accelerated • Rail and port debottlenecking and optimisation to deliver >300 Mtpa at WAIO • Stage 1 execution
Slide 9: Defining a new copper province in South Australia
Defining a new copper province in South Australia Post acquisition focused on delivering scale and increased returns, with aspiration to grow longer term to >500 ktpa of production6 Aim to replicate our success in existing basins at WAIO and BMA… …by putting together a new copper province Note: Dist
Slide 10: Track record as a reliable operator and project developer
Track record as a reliable operator and project developer To deliver on our growth, stable operational performance, project execution and approach to Social Value will be critical We have delivered better outcomes vs. guidance7… …as well as ~US$6 billion8 of projects on schedule and budget (% varian
Slide 11: 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
Slide 12: Appendix
BHP Appendix
Slide 13: Footnotes
Footnotes 1. Slide 6: Largest copper endowment on a contained metal basis, equity share. Competitors include: Anglo American, Antofagasta, Codelco, First Quantum Minerals, Freeport McMoRan, Glencore, Rio Tinto, Southern Copper and Teck. Source competitors: Wood Mackenzie Ltd, Q1 2022. Source BHP dat
Slide 14: China a source of stability while OECD to slow
China a source of stability while OECD to slow Positive near term indicators from China, supply chain conditions improving China Rest of World Supply chain China credit impulse upcycle emerging Business activities trending lower Global supply chain conditions are improving (% Credit impulse in China
Slide 15: China lead indicators turn, lifting consensus
China lead indicators turn, lifting consensus So far we have seen signs of improvement in credit and property driving a lift in growth expectations Household credit impulse rebounding Housing price dynamics positive GDP consensus is trending upwards (% Chinese credit impulse) (70-city prices, breadt
Slide 16: Competent Person Statement – Copper Mineral Resources
Competent Person Statement – Copper Mineral Resources Copper Mineral Resources Competent Person Statement The information in this slide relates to Copper Mineral Resources as at 30 June 2022. Mineral Resources are inclusive of Ore Reserves and is based on information compiled by Marcelo Cortes as Co
Slide 17: Slide 17
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