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Half Year 2023 Report

Published: 2023-02-21 09:05:19 ET
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BHP Group Limited (the “Company”)
ABN 49 004 028 077
Registered in Australia
Share code: BHG
ISIN: AU000000BHP4
                                                                                                                     21 February 2023


                                Results for announcement to the market
Name of Company:                        BHP Group Limited (ABN 49 004 028 077)


Report for the half year ended 31 December 2022

This statement includes the consolidated results of BHP for the half year ended 31 December 2022 compared
with the half year ended 31 December 2021 and the year ended 30 June 2022.

The results are prepared in accordance with IFRS and are presented in US dollars.

Headline Earnings

In accordance with the JSE Listing Requirements, Headline earnings is presented below.

                                                                                                 Half year           Half year               Year
                                                                                                   ended               ended               ended
                                                                                             31 December         31 December              30 June
                                                                                                     2022                2021                2022
                                                                                                    US$M                US$M                US$M


    Earnings attributable to ordinary shareholders1                                                    6,457               9,443           30,900

    Adjusted for:
    Loss/(gain) on sale of PP&E, Investments and Operations                                                2               (110)              (95)
    Impairments of property, plant and equipment, financial assets and intangibles                        21                  38               515
    Gain on disposal of BHP Mitsui Coal                                                                     −                   −            (840)
    Gain on merger of Petroleum                                                                             −                   −          (8,167)
    Tax effect of above adjustments                                                                       (1)                 23              (97)
    Subtotal of Adjustments                                                                               22                (49)           (8,684)

    Headline earnings                                                                                  6,479               9,394           22,216


    Diluted Headline earnings                                                                          6,479               9,394           22,216



    Basic earnings per share denominator (millions)                                                    5,064               5,061            5,061
    Diluted earnings per share denominator (millions)                                                  5,073               5,072            5,071

    Headline earnings per share (US cents)                                                             127.9               185.6            439.0
    Diluted Headline earnings per share (US cents)                                                     127.7               185.2            438.1




1Includes Profit after taxation from discontinued operations attributable to ordinary shareholders: 31 December 2021 US$972 million; 30
June 2022 US$10,655 million.
                                                                             31-Dec-22       31-Dec-21        Variance        Variance
                                                                                                                                  %
    Revenue (US$M)1                                                              25,713          30,527         (4,814)            (16)
    Basic earnings per share (US cents)                                           127.5           186.6            (59)            (32)
    Headline earnings per share (US cents)                                        127.9           185.6            (58)            (31)
    Dividends declared (interim) (US cents)                                          90             150            (60)            (40)
Dividend

The BHP Board today determined to pay a final dividend of 90 US cents per share. The interim dividend to be paid
by BHP Group Limited will be fully franked for Australian taxation purposes.
BHP’s Dividend Reinvestment Plan (DRP) will operate in respect of the interim dividend. Full terms and conditions
of the DRP and details about how to participate can be found at: bhp.com
Events in respect of the final dividend                                                                                              Date
Preliminary Results Announcement and Dividend Determination                                                              21 February 2023
Announcement of currency conversion into RAND                                                                            28 February 2023
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE)                                                 7 March 2023
Ex-dividend Date JSE                                                                                                        8 March 2023
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and New York Stock
Exchange (NYSE)                                                                                                             9 March 2023
Record Date                                                                                                                10 March 2023
DRP and Currency Election date                                                                                             13 March 2023
                                                                                                                            (5pm AEDT))
Payment Date                                                                                                               30 March 2023
DRP Allocation Date (ASX, LSE and JSE)                                                                                       17 April 2023


Shareholders registered on the South African section of the register will not be able to dematerialise or
rematerialise their shareholdings between the dates of 7 March 2023 and 10 March 2023 (inclusive), nor will
transfers between the UK register and the South African register be permitted between the dates of 27 February
2023 and 13 March 2023 (inclusive). American Depositary Shares (ADSs) each represent two fully paid ordinary
shares and receive dividends accordingly.

Any eligible shareholder who wishes to participate in the DRP, or to vary a participation election should do so in
accordance with the timetable above, or, in the case of shareholdings on the South African branch register of BHP
Group Limited, in accordance with the instructions of your CSDP or broker. The DRP Allocation Price will be
calculated in each jurisdiction as an average of the price paid for all shares actually purchased to satisfy DRP
elections. The Allocation Price applicable to each exchange will made available at: bhp.com/DRP

Short form announcement
This short-form announcement is the responsibility of the directors. It is only a summary of the information
contained in the full announcement available on:
https://senspdf.jse.co.za/documents/2023/jse/isse/bhge/HY2023.pdf
and on the Company’s website bhp.com.
This announcement does not contain full details and any investment decision in relation to the Company’s shares
should be based on the full announcement. The full announcement is available to inspect, at no charge, at the
Company’s registered office: Nova South, 160 Victoria Street, London, SW1E 5LB and the office of the sponsor
during standard office hours.
Sponsor: UBS South Africa (Pty) Limited




1
    Revenue related to the period ended 31 December 2021 excludes US$3,257 million related to Discontinued operations.