BHP provides update on progress to grow value and improve returns

31 May 2017

BHP Chief Executive Officer Andrew Mackenzie today updated progress on the Company’s roadmap to grow long-term shareholder value.

Speaking at the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference, Andrew Mackenzie said: “At this conference one year ago, I outlined ambitious plans to improve returns and grow the value of BHP. Since that time, we have made consistent progress and we are confident that continued delivery of these plans, from our stronger base today, could grow the value of our Company by up to 50 per cent and almost double the return on capital.”

Mr Mackenzie outlined key contributors to value creation. These include the following:

“We have achieved a great deal over the past year but we are not standing still. Our roadmap today contains an enhanced set of opportunities that will see us prosper and grow value per share throughout the cycle, and in multiple price scenarios.

“Above all, we will remain disciplined, and drive consistent and transparent application of our capital allocation framework, which includes cash returns to shareholders.

“Our path is deliberate, with value and returns at the centre of everything we do.”

 

--ENDS--

 

Source:  BHP - www.bhpbilliton.com

Contact:  N/A

External Links:  For more information, see the presentation or listen to the audio webcast.

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