BHP Group Limited (BHP) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and thank you for joining us to hear about BHP's results for the 2024 financial year. I'm joined today by our Chief Financial Officer, Vandita Pant. The company performed well again this year, operationally and financially. We delivered reliable operational performance, achieving a number of records. However, tragically, a colleague was fatally injured on the job in January, and this is a heavy reminder of the imperative to continue our relentless efforts to eliminate fatalities and serious injuries from BHP. Our strong underlying operational and financial performance is enabled by our simple, clear strategy and the discipline with which we execute it. This includes our differentiated portfolio of the best assets in the most attractive commodities, as well as our approaches to operational excellence and capital allocation. Our portfolio is focused on large, long-life assets in commodities that are set to benefit from the megatrends playing out around us. A growing population, increasingly urbanized, seeking higher standards of living and embarking on the energy transition. We are passionate about operational excellence. This focus ensures we unlock maximum value from our assets and the capital we have deployed, and consistently deliver high operating margins and good returns. The combination of these attributes delivers strong, consistent cash flows. Coupled with our resilient balance sheet and the discipline embedded through our capital allocation framework, this gives us the ability to fund our growth and deliver attractive returns to shareholders. The creation of broader social value is also vital to our business and goes hand in hand with long-term shareholder value. Our actions throughout the 2024 financial year are consistent with that strategy, pursuing ...