Learn more about BlueScope, a global steel manufacturer committed to delivering sustainable solutions for our customers and communities.
Explore BlueScope's commitment to sustainability, encompassing environmental responsibility, social engagement, and economic prosperity in our operations.
Discover BlueScope's range of quality steel products, known for their durability, strength, and versatility across various industries and applications.
Explore BlueScope's trusted product range, encompassing a diverse portfolio of brands known for their quality and performance in the steel industry.
Explore the investor section of BlueScope's website to access financial information, reports, announcements, and resources for shareholders and potential investors.
At BlueScope, the way we work is as important as the work we do. We have a number of priority areas that we focus on within our ethics and governance framework. You can find some of our policies provided here.
Our Strategy
Our Strategy sets out how we will achieve Our Purpose and deliver strong returns and sustainable outcomes over the next five years and beyond. Our strategy drives our actions to transform and grow, while continuing to deliver on core expectations for our stakeholders. Central to our strategy are our investments in carbon reduction technologies and in product and service innovation; and delivering a safe, inclusive and diverse workplace.
Transform
Transformation is at the heart of optimising operations, improving productivity and building the capability we need in our evolving industry, particularly through:
Grow
We seek to grow our business to be sustainable for the long term. As the global green revolution drives demand for steel as a critical part of a clean energy future, we’re taking advantage of opportunities by:
Deliver
As we grow and transform, we are building an organisation with the capabilities to create strength along the steel value chain for years to come. As a result, our organisation will be more adaptable, with a priority on safe and inclusive workplaces for all. We aim to deliver the next wave of customer, growth and productivity improvements through innovation, technology and knowledge sharing across our global footprint.
Our Strategy is supported by:
Our Financial Framework explains our approach to measuring business performance, allocating capital, the balance sheet and shareholder returns. The Framework comprises three pillars:
We seek to deliver returns greater than our cost of capital, and to offer employee incentives that are linked to this. A crucial aspect is to maximise free cash flow generation through the cycle. Both measures address the capital-intensive nature of our business and so our need to maintain strong discipline on asset performance and cash flow generation.
Robust Capital Structure. We seek to maintain a robust capital structure reflecting the cyclical nature of our industry, with a long-term net debt target of around $400 million. We aim to retain strong credit metrics and maintain financial capacity to both weather the cycles and be able to take advantage of opportunities for growth. If we use leverage to finance acquisitions, we will accompany it with an active debt reduction program.
Disciplined Capital Allocation. We invest to maintain safe and reliable operations, and to help achieve our decarbonisation pathways. We are focused on returns, with disciplined competition for capital between investing for long-term sustainable growth and shareholder returns. We seek to distribute at least 50 per cent of free cash flow to shareholders as consistent dividends and on market buy backs. We also seek to avoid ‘top of the cycle’ investments.