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Half Yearly Report and Accounts

Published: 2024-02-20 09:30:33 ET
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BHP Group Limited
BHP Group Limited ABN 49 004 028 077
Registered in Australia
Registered Office: Level 18, 171 Collins Street Melbourne VIC 3000
Share code: BHG
ISIN: AU000000BHP4
                                                                                                       20 February 2024


                            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 2023

This statement includes the consolidated results of BHP for the half year ended 31 December 2023 compared
with the half year ended 31 December 2022 and the year ended 30 June 2023.

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
                                                                                          2023              2022            2023
                                                                                         US$M              US$M            US$M


 Earnings attributable to ordinary shareholders                                            927                 6,457      12,921

 Adjusted for:
 (Gain)/loss on sale of PP&E, Investments and Operations                                    (37)                   2            (9)
 Impairments of property, plant and equipment, financial assets and intangibles           3,530                  21              75
 Tax effect of above adjustments                                                        (1,023)                  (1)           (17)
 Subtotal of Adjustments                                                                  2,470                  22              49

 Headline earnings                                                                       3,397                 6,479      12,970


 Diluted Headline earnings                                                               3,397                 6,479      12,970



 Basic earnings per share denominator (millions)                                         5,067                 5,064          5,064
 Diluted earnings per share denominator (millions)                                       5,078                 5,073          5,073

 Headline earnings per share (US cents)                                                    67.0                127.9          256.1
 Diluted Headline earnings per share (US cents)                                            66.9                127.7          255.7



                                                                    31-Dec-23     31-Dec-22        Variance       Variance
                                                                                                                      %
 Revenue (US$M)                                                          27,232       25,713          1,519               6
 Basic earnings per share (US cents)                                       18.3        127.5        (109.2)            (86)
 Headline earnings per share (US cents)                                    67.0        127.9         (60.9)            (48)
 Dividends declared (interim) (US cents)                                     72           90            (18)           (20)
Dividend
The BHP Board today determined to pay an interim dividend of 72 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/DRP
Events in respect of the interim dividend                                                                                       Date
Preliminary Results Announcement and Dividend Determination                                                         20 February 2024
Announcement of currency conversion into RAND                                                                       27 February 2024
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE)                                            5 March 2024
Ex-dividend Date JSE                                                                                                   6 March 2024
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and New York Stock
Exchange (NYSE)                                                                                                        7 March 2024
Record Date                                                                                                            8 March 2024
DRP and Currency Election date (including announcement of currency conversion for ASX and LSE)                       11 March 20241
Payment Date                                                                                                          28 March 2024
DRP Allocation Date2                                                                                                    15 April 2024
1
    The deadline for DRP and currency elections is 5:00pm AEDT on this date.
2
    Allocation dates may vary between registers but all allocations will be completed on or before 15 April 2024.

Shareholders registered on the South African branch register will not be able to dematerialise or rematerialise their
shareholdings between the dates of 5 March 2024 and 8 March 2024 (inclusive), and transfers between the
Australian register and the South African branch register will not be permitted between the dates of 27 February
2024 and 8 March 2024 (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
before 5:00pm (AEDT) on 11 March 2024, 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 DRP Allocation Price applicable to each exchange will be made available at: bhp.com/DRP. An
announcement containing summary results of the DRP in respect of the interim dividend will be published on the
JSE on or as soon as practicable after 15 April 2024.
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/2024/jse/isse/bhge/hy24report.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: 171 Collins St, Melbourne, Victoria, Australia 3000 and the office of the sponsor
during standard office hours.




Sponsor: J.P. Morgan Equities South Africa Proprietary Limited