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BHP FY2024 Results Announcement
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
27 August 2024
Results for announcement to the market and dividend determination
Name of Company: BHP Group Limited (ABN 49 004 028 077)
Report for the year ended 30 June 2024
This statement includes the consolidated results of BHP for the year ended
30 June 2024 compared with the year ended 30 June 2023 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.
Year ended Year ended Year ended
30 June 2024 30 June 2023 30 June 2022
US$M US$M US$M
------------ ------------ ------------
Earnings attributable to ordinary shareholders/1/.................... 7,897 12,921 30,900
Adjusted for:
(Gain)/loss on sales of PP&E, intangibles and Investments............ (29) (9) (95)
Impairments of property, plant and equipment and intangibles......... 3,905 75 515
Gain on disposal of subsidiaries and operations...................... (915) -- (840)
Gain on merger of Petroleum.......................................... -- -- (8,167)
Tax effect of above adjustments...................................... (928) (17) (97)
------ ------ ------
Subtotal of Adjustments.............................................. 2,033 49 (8,684)
Headline earnings.................................................... 9,930 12,970 22,216
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Diluted Headline earnings............................................ 9,930 12,970 22,216
====== ====== ======
Basic earnings per share denominator (millions)...................... 5,068 5,064 5,061
Diluted earnings per share denominator (millions).................... 5,077 5,073 5,071
Headline earnings per share (US cents)............................... 195.9 256.1 439.0
Diluted Headline earnings per share (US cents)....................... 195.6 255.7 438.1
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/1/ Comparative period includes Profit/(loss) after taxation from discontinued
operations attributable to ordinary shareholders: 30 June 2022 US$10,655
million profit
Variance
30-June-24 30-June-23 Variance %
---------- ---------- --------- ----------
Revenue (US$M)................................................ 55,658 53,817 1,841 3
Basic earnings per share (US cents)........................... 155.8 255.2 (99.4) (39)
Headline earnings per share (US cents)........................ 195.9 256.1 (60.2) (24)
Dividends declared (final) (US cents)......................... [74] 80 (6) (8)
Dividend
The BHP Board today determined to pay a final dividend of [74] 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
--------------------------------------- -----------------
Results Announcement and Dividend Determination............................................................ 27 August 2024
Announcement of currency conversion into RAND.............................................................. 3 September 2024
Last day to trade cum dividend on Johannesburg Stock Exchange (JSE)........................................ 10 September 2024
Ex-dividend Date JSE....................................................................................... 11 September 2024
Ex-dividend Date Australian Securities Exchange (ASX) and London Stock Exchange (LSE)...................... 12 September 2024
Ex-dividend Date New York Stock Exchange (NYSE)............................................................ 13 September 2024
Record Date................................................................................................ 13 September 2024
DRP and Currency Election date (including announcement of currency conversion for ASX and LSE)............. 16 September 2024/1/
Payment Date............................................................................................... 3 October 2024
DRP Allocation Date/2/..................................................................................... 17 October 2024
/1/ The deadline for DRP and currency elections is 5:00pm AEST on this date.
/2/ Allocation dates may vary between registers but all allocations will be
completed on or before 17 October 2024
Shareholders registered on the South African branch register will not be able to
dematerialise or rematerialise their shareholdings between the dates of 10
September 2024 and 13 September 2024 (inclusive), and transfers between the
Australian register and the South African branch register will not be permitted
between the dates of 3 September 2024 and 13 September 2024 (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 Company's website.
Any eligible shareholder who wishes to participate in the DRP, or to vary a
participation election should do so before 5.00pm (AEST) 16 September 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 the summary results of the DRP in
respect of the final dividend will be published on the JSE on or as soon as
practicable after 17 October 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 year results announcement
available on:
https://senspdf.jse.co.za/documents/2024/jse/isse/bhge/FY24AFS.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: 27-08-2024 08:30:00
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