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BHP Results for the Year Ended 30 June 2022

Published: 2022-08-16 09:10:52 ET
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BHP Group Limited (the “Company”)
ABN 49 004 028 077
Registered Office: Level 18, 171 Collins Street Melbourne VIC 3000
Share code: BHG
ISIN: AU000000BHP4
                                                                                                                          16 August 2022


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


Report for the year ended 30 June 2022

This statement includes the consolidated results of BHP for the year ended 30 June 2022 compared with the year
ended 30 June 2021 and the year ended 30 June 2020.

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.

                                                                                                Year ended       Year ended Year ended
                                                                                                   30 June          30 June    30 June
                                                                                                      2022             2021       2020
                                                                                                     US$M             US$M       US$M


    Earnings attributable to ordinary shareholders1                                                   30,900           11,304           7,956

    Adjusted for:
    (Gain)/loss on sale of PP&E, Investments and Operations                                             (95)              (50)                 4
    Impairments of property, plant and equipment, financial assets and intangibles                       515            2,633                494
    Gain on disposal of BHP Mitsui Coal                                                                (840)                 −                 −
    Gain on merger of Petroleum                                                                      (8,167)                 −                 −
    Samarco impairment expense                                                                             −              111                 95
    Cerrejόn impairment expense                                                                            −              466                  −
    Others2                                                                                                −                 −                48
    Tax effect of above adjustments                                                                     (97)              (60)                54
    Subtotal of Adjustments                                                                          (8,684)            3,100                695

    Headline earnings                                                                                 22,216           14,404           8,651


    Diluted Headline earnings                                                                         22,216           14,404           8,651



    Basic earnings per share denominator (millions)                                                    5,061            5,057           5,057
    Diluted earnings per share denominator (millions)                                                  5,071            5,068           5,069

    Headline earnings per share (US cents)                                                             439.0            284.8           171.1
    Diluted Headline earnings per share (US cents)                                                     438.1            284.2           170.7


1
  Includes Profit/(loss) after taxation from discontinued operations attributable to ordinary shareholders: 30 June 2022 US$10,655 million
profit, 30 June 2021 (US$225 million loss); 30 June 2020: (US$108 million profit).
2
  Mainly represents BHP share of impairment embedded in the statutory income statement of the Group’s equity accounted investments.
                                                                           30-June-22      30-Jun-21       Variance       Variance
                                                                                                                              %
    Revenue (US$M)3                                                              65,098        56,921          8,177             14
    Basic earnings per share (US cents)                                           610.6         223.5          387.1           173
    Headline earnings per share (US cents)                                        439.0         284.8          154.2             54
    Dividends declared (final) (US cents)                                           175           200            (25)          (13)
Dividend

The BHP Board today determined to pay a final dividend of US$1.75 per share (US$8.9 billion). The final dividend
will be fully franked for Australian taxation purposes.

BHP’s Dividend Reinvestment Plan (DRP) will operate in respect of the final 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
Announcement of currency conversion into RAND                                                                          23 August 2022
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE)                                            30 August 2022
Ex-dividend Date JSE                                                                                                   31 August 2022
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and New York Stock               1 September 2022
Exchange (NYSE)
Record Date                                                                                                         2 September 2022
Announcement of currency conversion into AUD, GBP and NZD                                                           5 September 2022
DRP and Currency Election date                                                                                      5 September 2022
Payment Date                                                                                                       22 September 2022
DRP Allocation Date                                                                                                    6 October 2022

Shareholders registered on the South African section of the register will not be able to dematerialise or
rematerialise their shareholdings between the dates of 30 August 2022 and 2 September 2022 (inclusive), nor will
transfers between the Australian register and the South African register be permitted between the dates of 22
August 2022 and 5 September 2022 (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

The South African dividends taxation rate is 20% per ordinary share for shareholders who are liable to pay
dividends taxation, resulting in a net dividend of US$1.40 cents per share for these shareholders. Foreign investors
on the South African branch register may qualify for a lower dividend taxation rate, subject to completing a dividend
taxation declaration and submitting it to their South African broker or custodian (CSDP).

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/2022/jse/isse/BHGE/FY22Result.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

3
  The Group’s comparative period Revenue has been restated to reflect the impact of IFRS 5/AASB 5 Non-Current Assets Held for Sale and
Discontinued operations (30 June 2021: US$3,896 million). Revenue related to the period ended 30 June 2022 excludes US$6,404 million
related to Discontinued operations.
Company’s registered office: Level 18, 171 Collins St, Melbourne, Victoria Australia and the office of the sponsor
during standard office hours.
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited