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Half Yearly Report and Accounts
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 ended Half year ended Year ended
31 December 2023 31 December 2022 30 June 2023
US$M US$M US$M
---------------- ---------------- ------------
Earnings attributable to ordinary shareholders....................... 927 6,457 12,921
Adjusted for:
(Gain)/loss on sale of PP&E, Investments and Operations.............. (37) 2 (9)
Impairments of property, plant and equipment, financial assets and
intangibles........................................................ 3,530 21 75
Tax effect of above adjustments...................................... (1,023) (1) (17)
------ ------ ------
Subtotal of Adjustments.............................................. 2,470 22 49
Headline earnings.................................................... 3,397 6,479 12,970
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Diluted Headline earnings............................................ 3,397 6,479 12,970
====== ====== ======
Basic earnings per share denominator (millions)...................... 5,067 5,064 5,064
Diluted earnings per share denominator (millions).................... 5,078 5,073 5,073
Headline earnings per share (US cents)............................... 67.0 127.9 256.1
Diluted Headline earnings per share (US cents)....................... 66.9 127.7 255.7
Variance
31-Dec-23 31-Dec-22 Variance %
---------- ---------- --------- ----------
Revenue (US$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 2024/1/
Payment Date................................................................................................. 28 March 2024
DRP Allocation Date/2/....................................................................................... 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
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Date: 20-02-2024 08:30:00
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