BlueScope Steel (BSL) Investor Day 2025 summary

Strategic direction and business transformation

• Focus on transforming operations with a shift to Electric Arc Furnace (EAF) technology, targeting a 55% reduction in greenhouse gas emissions and enhanced downcycle performance by 2026.

• Ongoing divestment of non-core assets, including the sale of a 50% stake in Tata BlueScope Steel, to sharpen focus on core growth areas.

• Multi-domestic strategy leverages in-country assets, robust balance sheet, and disciplined capital allocation to drive sustainable growth.

• Emphasis on digital transformation, safety, and stakeholder engagement to support operational resilience.

Financial guidance and growth initiatives

• Targeting an annual EBIT uplift of approximately $500 million by 2030 through cost, productivity, and growth initiatives.

• Initial $200 million EBIT improvement program underway for delivery in FY2026, with further upside from property portfolio and market spread improvements.

• Strong returns focus, maintaining a robust capital structure and disciplined competition for capital between growth and shareholder returns.

• Over $3.8 billion returned to shareholders since FY2017 and more than $3 billion invested in growth.

New business developments and property strategy

• Established a dedicated Property and Infrastructure function to unlock value from 1,250ha of non-operational land in Australia and New Zealand.

• Progressing the sale of 33ha at West Dapto, with proceeds expected in 1H FY2026, and expanding grid-scale battery lease at Glenbrook to support energy cost savings.

• Identified four target asset classes for land development: energy, logistics, downstream manufacturing, and social infrastructure.