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BHP Results for the half year ended 31 December 2019
BHP Group Plc
Registration number 3196209
Registered in England and Wales
Share code: BHP
ISIN: GB00BH0P3Z91
18 February 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 half year ended 31 December 2019
This statement includes the consolidated results of BHP for the half year ended
31 December 2019 compared with the half year ended 31 December 2018 and the year
ended 30 June 2019.
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 Year ended
Half year ended 31 December 2018 30 June 2019
31 December 2019 US$M US$M
US$M Restated/(1)/ Restated/(1)/
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Earnings attributable to ordinary shareholders/(2)/.......... 4,868 3,764 8,306
Adjusted for:
(Gain)/Loss on sale of PP&E, Investments and Operations...... (7) 376 (52)
Impairments.................................................. 56 215 360
Recycling of re-measurements from equity to the income
statement.................................................. -- -- (6)
Tax effect of above adjustments.............................. (7) 45 (64)
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Subtotal of Adjustments...................................... 42 636 238
Headline earnings............................................ 4,910 4,400 8,544
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Diluted Headline earnings.................................... 4,910 4,400 8,544
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Basic earnings per share denominator (millions).............. 5,057 5,303 5,180
Diluted earnings per share denominator (millions)............ 5,070 5,318 5,193
Headline earnings per share (US cents)....................... 97.1 83.0 164.9
Diluted Headline earnings per share (US cents)............... 96.8 82.7 164.5
1) Following a change to IAS 28 the loss from working capital funding provided
during the period to Samarco will now be disclosed as an impairment included
within the Samarco impairment expense line item and not as an operating
loss. Comparative periods have been restated to reflect the change.
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2) Includes loss after taxation from discontinued operations attributable to
ordinary shareholders as at 31 December 2019 of US$ nil (31 December 2018
US$300 million; 30 June 2019: US$342 million)
Variance
31-Dec-19 31-Dec-18 Variance %
--------- --------- -------- ----------
Revenue (US$M)................................ 22,294 20,742 1,552 7
Basic earnings per share (US cents)........... 96.3 71.0 25.3 36
Headline earnings per share (US cents)........ 97.1 83.0 14.1 17
Dividends declared (interim) (US cents)....... 65 55 10 18
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Dividend
The BHP Board today determined to pay an interim dividend of 65 US cents per
share (US$3.3 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
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Announcement of currency conversion into RAND................................... 28 February 2020
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE)..... 3 March 2020
Ex-dividend Date JSE............................................................ 4 March 2020
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange
(LSE) and New York Stock Exchange (NYSE)...................................... 5 March 2020
Record Date..................................................................... 6 March 2020
DRP and Currency Election date (including announcement of currency conversion
for ASX and LSE).............................................................. 9 March 2020
Payment Date.................................................................... 24 March 2020
DRP Allocation Date (ASX and LSE) within 10 business days after the payment
date.......................................................................... 7 April 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 April 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 4 and 6 March 2020 (inclusive), and transfers between the
UK register and the South African register will not be permitted between the
dates of 28 February and 6 March 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/HY20Result.pdf
and on the Company's website bhp.com.
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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: 18-02-2020 07:05:00
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