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BHP Results for the Year Ended 30 June 2020
BHP Group Plc
Registration number 3196209
Registered in England and Wales
Share code: BHP
ISIN: GB00BH0P3Z91
18 August 2020
Results for announcement to the market
Name of Companies: BHP Group Limited (ABN 49 004 028 077) and
BHP Group Plc (Registration No. 3196209)
Report for the year ended 30 June 2020
This statement includes the consolidated results of BHP for the year ended 30
June 2020 compared with the year ended 30 June 2019 and the year ended 30 June
2018.
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 2019 30 June 2018
30 June 2020 US$M US$M
US$M Restated/(1)/ Restated/(1)/
------------ ------------- -------------
Earnings attributable to ordinary shareholders/(2)/................... 7,956 8,306 3,705
Adjusted for:
Loss/(gain) on sale of PP&E, Investments and Operations............... 4 (52) (12)
Impairments........................................................... 637 360 3,181
Recycling of re-measurements from equity to the income statement...... -- (6) --
Tax effect of above adjustments....................................... 54 (64) (182)
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Subtotal of Adjustments............................................... 695 238 2,987
Headline earnings..................................................... 8,651 8,544 6,692
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Diluted Headline earnings............................................. 8,651 8,544 6,692
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Basic earnings per share denominator (millions)....................... 5,057 5,180 5,323
Diluted earnings per share denominator (millions)..................... 5,069 5,193 5,337
Headline earnings per share (US cents)................................ 171.1 164.9 125.7
Diluted Headline earnings per share (US cents)........................ 170.7 164.5 125.4
1) Following a change to IAS 28 the loss from working capital funding provided
during the period to Samarco will now be disclosed as an impairment included
within the Samarco impairment expense line item and not as an operating
loss. Comparative periods have been restated to reflect the change.
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Confidential
2) Includes loss after taxation from discontinued operations attributable to
ordinary shareholders as at 30 June 2020 of US$ nil (30 June 2019: US$342
million, 30 June 2018: US$2,947 million)
Variance
30-June-20 30-Jun-19 Variance %
---------- --------- ---------- ----------
Revenue (US$M)............................................... 42,931 44,288 (1,357) (3)
Basic earnings per share (US cents).......................... 157.3 160.3 (3.0) (2)
Headline earnings per share (US cents)....................... 171.1 164.9 6.2 4
Dividends declared (final) (US cents)........................ 55 78 (23) (29)
Dividend
The BHP Board today determined to pay a final dividend of 55 US cents per
share. The final 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 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
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Preliminary Results Announcement and Dividend Determination................................................ 18 August 2020
Announcement of currency conversion into RAND.............................................................. 28 August 2020
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE)................................ 1 September 2020
Ex-dividend Date JSE....................................................................................... 2 September 2020
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and New York
Stock Exchange (NYSE).................................................................................... 3 September 2020
Record Date................................................................................................ 4 September 2020
DRP and Currency Election date (including announcement of currency conversion for ASX and LSE)............. 8 September 2020
Payment Date............................................................................................... 22 September 2020
DRP Allocation Date (ASX and LSE) within 10 business days after the payment date........................... 6 October 2020
DRP Allocation Date (JSE), subject to the purchase of shares by the Transfer Secretaries in the open
market, Central Securities Depository Participant (CSDP) accounts credited/updated on or about........... 7 October 2020
BHP Group Plc shareholders registered on the South African section of the
register will not be able to dematerialise or rematerialise their shareholdings
between the dates of 2 September and 4 September 2020 (inclusive), and transfers
between the UK register and the South African register will not be permitted between the
dates of 28 August 2020 and 4 September 2020 (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
Plc, in accordance with the instructions of your CSDP. 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/2020/jse/isse/BHPE/FY20Result.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
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Date: 18-08-2020 07:05:00
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