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BHP Group plc (JSE:BHG) News - Results for the half year ended 31 December 2021
BHP Group Limited (the "Company")
ABN 49 004 028 077
Registered in Australia
Share code: BHG
ISIN: AU000000BHP4
15 February 2022
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 2021
This statement includes the consolidated results of BHP for the half year ended
31 December 2021 compared with the half year ended 31 December 2020 and the year
ended 30 June 2021.
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 ended Half year ended Year ended
31 December 2021 31 December 2020 30 June 2021
US$M US$M US$M
---------------- ---------------- ------------
Earnings attributable to ordinary shareholders/1/.................... 9,443 3,876 11,304
Adjusted for:
(Gain)/loss on sale of PP&E, Investments and Operations.............. (110) 3 (50)
Impairments of property, plant and equipment, financial assets and
intangibles ....................................................... 38 690 2,633
Samarco impairment expense........................................... -- 90 111
Cerrejon impairment expense.......................................... -- 380 466
Tax effect of above adjustments...................................... 23 (41) (60)
------ ------ ------
Subtotal of Adjustments.............................................. (49) 1,122 3,100
Headline earnings.................................................... 9,394 4,998 14,404
====== ====== ======
Diluted Headline earnings............................................ 9,394 4,998 14,404
====== ====== ======
Basic earnings per share denominator (millions)...................... 5,061 5,057 5,057
Diluted earnings per share denominator (millions).................... 5,072 5,069 5,068
Headline earnings per share (US cents)............................... 185.6 98.8 284.8
Diluted Headline earnings per share (US cents)....................... 185.2 98.6 284.2
/1/ Includes Profit/(loss) after taxation from discontinued operations
attributable to ordinary shareholders: 31 December 2021 US$972 million
profit, 31 December 2020 (US$192 million loss); 30 June 2021: (US$225
million loss).
Variance
31-Dec-21 31-Dec-20 Variance %
--------- --------- ---------- ----------
Revenue (US$M)/1/............................................ 30,527 24,044 6,483 27
Basic earnings per share (US cents).......................... 186.6 76.6 110 144
Headline earnings per share (US cents)....................... 185.6 98.8 86.8 88
Dividends declared (interim) (US cents)...................... 150 101 49 49
/1/ 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 (31 December 2020: US$1,595 million). Revenue related to the
period ended 31 December 2021 excludes US$3,257 million related to
Discontinued operations.
Dividend
The BHP Board today determined to pay an interim dividend of US$1.50 per share
(US$7.6 billion). 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 interim dividend Date
----------------------------------------- ----------------
Announcement of currency conversion into RAND................................................................ 18 February 2022
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE).................................. 22 February 2022
Ex-dividend Date JSE......................................................................................... 23 February 2022
Last day to trade cum dividend on Australian Securities Exchange (ASX), London Stock Exchange (LSE) and
New York Stock Exchange (NYSE)............................................................................ 23 February 2022
Ex-dividend Date ASX, LSE and NYSE........................................................................... 24 February 2022
Record Date.................................................................................................. 25 February 2022
Announcement of currency conversion into AUD, GBP and NZD.................................................... 28 February 2022
DRP and Currency Election date............................................................................... 28 February 2022
Payment Date................................................................................................. 28 March 2022
DRP Allocation Date.......................................................................................... 5 April 2022
BHP Group Limited shareholders registered on the South African section of the
register will not be able to dematerialise or rematerialise their shareholdings
between the dates of 23 February 2022 and 25 February 2022 (inclusive), nor will
transfers between the Australian register and the South African register be
permitted between the dates of 18 February 2022 and 25 February 2022
(inclusive). American Depositary Shares (ADSs) each represent two fully paid
ordinary shares and receive dividends accordingly. Details of the currency
exchange rates applicable for the dividend will be announced to the relevant
stock exchanges following conversion and will appear on the Group's website.
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. Any former
BHP Group Plc shareholder who previously made an election to participate in the
BHP Group Plc dividend reinvestment plan will need to make a new election if
they wish to participate in the DRP. The DRP Allocation Price will be calculated
in each jurisdiction as an average of the price paid for all shares or
equivalent interests 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/2022/jse/isse/BHGE/HY22Result.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 Street, Melbourne, Victoria 3000, Australia and
the office of the sponsor during standard office hours.
Sponsor: UBS South Africa (Pty) Limited
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Date: 15-02-2022 01:25:00
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