BHP Group Ltd

The BHP Operating System has already transformed the way we work.

Over the past several years, it has improved operational stability, productivity and cost performance across our assets.

But I see more opportunity ahead.

The next step is combining the BHP Operating System with technology more deeply.

As we combine world-class operating discipline with world-class technology, I believe we can reach new horizons in safety and productivity and increase the velocity of the business.

And third, delivering disciplined, programmatic growth.

We are fortunate to have one of the strongest growth pipelines in our industry.

Jansen is progressing towards first production mid next year and will create a significant new earnings stream for BHP. Importantly, it also diversifies us by commodity and geography, which helps us to perform more consistently in a cyclical industry.

Jansen has taken longer and cost more than we originally planned. That being said, we have tightened our controls, and our immediate priority is the safe, disciplined delivery of its first production.

In copper, we continue to advance an outstanding portfolio of growth options, including projects at Escondida, Copper South Australia and Vicuña.

Company-wide, our current plans are expected to support compound annual production growth of approximately three to four per cent through to 2035, including around five per cent annual growth for copper.

It is essential that this growth is delivered to plan.

That is why we are investing significantly in our project execution capability.

Our commitment is to execute projects safely, on time, on budget and with a clear focus on shareholder value. That is our capital discipline at work.

Our ambition is simple. To win the next decade for BHP.