Wrap Text
Half Year 2023 Report
BHP Group Limited (the "Company")
ABN 49 004 028 077
Registered in Australia
Share code: BHG
ISIN: AU000000BHP4
21 February 2023
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 2022
This statement includes the consolidated results of BHP for the half year ended
31 December 2022 compared with the half year ended 31 December 2021 and the
year ended 30 June 2022.
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 2022 31 December 2021 30 June 2022
US$M US$M US$M
---------------- ---------------- ------------
Earnings attributable to ordinary shareholders/1/.................... 6,457 9,443 30,900
Adjusted for:
Loss/(gain) on sale of PP&E, Investments and Operations.............. 2 (110) (95)
Impairments of property, plant and equipment, financial assets and
intangibles........................................................ 21 38 515
Gain on disposal of BHP Mitsui Coal.................................. -- -- (840)
Gain on merger of Petroleum.......................................... -- -- (8,167)
Tax effect of above adjustments...................................... (1) 23 (97)
------ ------ ------
Subtotal of Adjustments.............................................. 22 (49) (8,684)
Headline earnings.................................................... 6,479 9,394 22,216
====== ====== ======
Diluted Headline earnings............................................ 6,479 9,394 22,216
====== ====== ======
Basic earnings per share denominator (millions)...................... 5,064 5,061 5,061
Diluted earnings per share denominator (millions).................... 5,073 5,072 5,071
Headline earnings per share (US cents)............................... 127.9 185.6 439.0
Diluted Headline earnings per share (US cents)....................... 127.7 185.2 438.1
/1/ Includes Profit after taxation from discontinued operations attributable to
ordinary shareholders: 31 December 2021 US$972 million; 30 June 2022
US$10,655 million.
Variance
31-Dec-22 31-Dec-21 Variance %
--------- --------- ---------- ----------
Revenue (US$M)/1/............................................ 25,713 30,527 (4,814) (16)
Basic earnings per share (US cents).......................... 127.5 186.6 (59) (32)
Headline earnings per share (US cents)....................... 127.9 185.6 (58) (31)
Dividends declared (interim) (US cents)...................... [90] 150 (60) (40)
/1/ 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 a final dividend of 90 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
Events in respect of the final dividend Date
--------------------------------------- ----------------
Preliminary Results Announcement and Dividend Determination............................... 21 February 2023
Announcement of currency conversion into RAND............................................. 28 February 2023
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE)............... 7 March 2023
Ex-dividend Date JSE...................................................................... 8 March 2023
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and
New York Stock Exchange (NYSE)......................................................... 9 March 2023
Record Date............................................................................... 10 March 2023
DRP and Currency Election date............................................................ 13 March 2023
(5pm AEDT)
Payment Date.............................................................................. 30 March 2023
DRP Allocation Date (ASX, LSE and JSE).................................................... 17 April 2023
Shareholders registered on the South African section of the register will not
be able to dematerialise or rematerialise their shareholdings between the dates
of 7 March 2023 and 10 March 2023 (inclusive), nor will transfers between the
UK register and the South African register be permitted between the dates of
27 February 2023 and 13 March 2023 (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
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/2023/jse/isse/bhge/HY2023.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: 21-02-2023 08:05:00
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