Reporting Season

CEO interview: Inside Fortescue's transformation

Fri 08 Mar 24, 9:08am (AEST)
Carl Capolingua and Fortescue CEO Dino Otranto

HIGHLIGHTS

  • Fortescue (ASX: FMG) is the 7th largest company on the ASX and seeking to transition from iron ore major into a green energy and decarbonisation powerhouse
  • CEO Dino Otranto talks about Fortescue's goals, challenges, and strategies regarding its green ambitions and financial returns
  • Otranto also answers reader questions about steel demand, developing demand for its products outside of China and intentions regarding expansion into future minerals like lithium and rare earths

Time Codes:

  • 0:00 - Intro

  • 0:20 - First-half results overview

  • 1:25 - Dino explains the aims of the new Energy/decarbonisation part of the business

  • 2:50 - What is the significance of Fortescue's "Real Zero" target?

  • 4:25 - What will be the impact on profits of the Energy/decarbonisation part of the business on profits in the short and long term?

  • 5:40 - What is Fortescue's expertise in decarbonisation, does it have the expertise to achieve the company's goals?

  • 8:05 - Would you ever consider breaking the business up into its two parts, Metals and Energy?

  • 9:25 - How aligned are you to Mr. Forrest's vision, and how do you deal with disagreements within the company with respect to this vision?

  • 11:20 - Reader Question #1: What is Fortescue's take on steel demand from decarbonisation industries?

  • 13:10 - Reader Question #2: What is Fortescue's plan to develop demand for its products outside of China?

  • 14:50 - Reader Question #3: Is Fortescue looking to grow its portfolio in the future minerals space, e.g. Lithium and Rare Earths?

 

Created By

Carl Capolingua

Fri 08 Mar 24, 9:08am (AEST)

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