| Tue 22 Aug 2023, 8:10 | | BHP GROUP LIMITED - BHP FY2023 Results Announcement |
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BHP FY2023 Results Announcement
BHP Group Limited (the "Company")
ABN 49 004 028 077
Registered in Australia
Share code: BHG
ISIN: AU000000BHP4
22 August 2023
Results for announcement to the market
Name of Company: BHP Group Limited (ABN 49 004 028 077)
Report for the year ended 30 June 2023
This statement includes the consolidated results of BHP for the year ended 30
June 2023 compared with the year ended 30 June 2022 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.
Year ended Year ended Year ended
30 June 2023 30 June 2022 30 June 2021
US$M US$M US$M
---------------- ---------------- ------------
Earnings attributable to ordinary shareholders/1/ ................... 12,921 30,900 11,304
Adjusted for:
(Gain)/loss on sale of PP&E, Investments and Operations ............. (9) (95) (50)
Impairments of property, plant and equipment, financial assets and
intangibles ....................................................... 75 515 2,633
Gain on disposal of BHP Mitsui Coal ................................. -- (840) --
Gain on merger of Petroleum ......................................... -- (8,167) --
Samarco impairment expense .......................................... -- -- 111
Cerrejon impairment expense ......................................... -- -- 466
Tax effect of above adjustments ..................................... (17) (97) (60)
------ ------ ------
Subtotal of Adjustments ............................................. 49 (8,684) 3,100
Headline earnings ................................................... 12,970 22,216 14,404
====== ====== ======
Diluted Headline earnings............................................ 12,970 22,216 14,404
====== ====== ======
Basic earnings per share denominator (millions)...................... 5,064 5,061 5,057
Diluted earnings per share denominator (millions).................... 5,073 5,071 5,068
Headline earnings per share (US cents)............................... 256.1 439.0 284.8
Diluted Headline earnings per share (US cents)....................... 255.7 438.1 284.2
------ ------ ------
/1/ Comparative periods include Profit/(loss) after taxation from discontinued
operations attributable to ordinary shareholders: 30 June 2022 US$10,655
million profit, 30 June 2021 (US$225 million loss).
Variance
30-June-23 30-June-22 Variance %
---------- ---------- --------- ----------
Revenue (US$M)/2/ ............................................ 53,817 65,098 (11,281) (17)
Basic earnings per share (US cents) .......................... 255.2 610.6 (355.4) (58)
Headline earnings per share (US cents) ....................... 256.1 439.0 (182.9) (42)
Dividends declared (final) (US cents) ........................ 80 175 (95) (56)
Dividend
The BHP Board today determined to pay a final dividend of 80 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
--------------------------------------- -----------------
Preliminary Results Announcement and Dividend Determination ................................................. 22 August 2023
Announcement of currency conversion into RAND ............................................................... 29 August 2023
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE) ................................. 5 September 2023
Ex-dividend Date JSE ........................................................................................ 6 September 2023
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and New York Stock
Exchange (NYSE) .......................................................................................... 7 September 2023
Record Date ................................................................................................. 8 September 2023
DRP and Currency Election date (including announcement of currency conversion for ASX and LSE) .............. 11 September 2023
Payment Date ................................................................................................ 28 September 2023
DRP Allocation Date (ASX and LSE) within 10 business days after the payment date ............................ 12 October 2023
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 ........... 12 October 2023
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 5 September 2023 and 8 September 2023 (inclusive), and
transfers between the UK register and the South African register will not be
permitted between the dates of 28 August 2023 and 11 September 2023 (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 by 11 September 2023, 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 be made available at: bhp.com/DRP.
The South African dividends taxation rate is 20% per ordinary share for
shareholders who are liable to pay dividends taxation, resulting in a net
dividend of US 64 cents per share for these shareholders. Foreign investors
may qualify for a lower dividend taxation rate, subject to completing a dividend
taxation declaration and submitting it to Computershare Investor Services
Proprietary Limited or Computershare Investor Services PLC, who manage the South
African and UK registers, respectively.
/2/ Revenue related to the comparative period ended 30 June 2022 excludes
US$6,404 million related to Discontinued operations.
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 year results announcement
available on:
https://senspdf.jse.co.za/documents/2023/jse/isse/BHGE/FY23Result.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 year results
announcement.
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
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Date: 22-08-2023 08:10:00
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