Wrap Text
Results for the half year ended 31 December 2020
BHP Group Plc
Registration number 3196209
Registered in England and Wales
Share code: BHP
ISIN: GB00BH0P3Z91
16 February 2021
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 2020
This statement includes the consolidated results of BHP for the half year ended
31 December 2020 compared with the half year ended 31 December 2019 and the
year ended 30 June 2020.
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 2020 31 December 2019 30 June 2020
US$M US$M US$M
---------------- ---------------- ------------
Earnings attributable to ordinary shareholders....................... 3,876 4,868 7,956
Adjusted for:
Loss/(gain) on sale of PP&E, Investments and Operations.............. 3 (7) 4
Impairments of property, plant and equipment, financial assets and
intangibles........................................................ 690 29 494
Samarco impairment expense........................................... 90 27 95
Cerrejon impairment expense........................................ 380 -- --
Others/1/............................................................ -- -- 48
Tax effect of above adjustments...................................... (41) (7) 54
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Subtotal of Adjustments.............................................. 1,122 42 695
Headline earnings.................................................... 4,998 4,910 8,651
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Diluted Headline earnings............................................ 4,998 4,910 8,651
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Basic earnings per share denominator (millions)...................... 5,057 5,057 5,057
Diluted earnings per share denominator (millions).................... 5,069 5,070 5,069
Headline earnings per share (US cents)............................... 98.8 97.1 171.1
Diluted Headline earnings per share (US cents)....................... 98.6 96.8 170.7
1 Mainly represents BHP share of impairment embedded in the statutory income
statement of the Group's equity accounted investments.
Variance
31-Dec-20 31-Dec-19 Variance %
--------- --------- ---------- ----------
Revenue (US$M)................................................ 25,639 22,294 3,345 15
Basic earnings per share (US cents)........................... 76.6 96.3 (19.7) (20)
Headline earnings per share (US cents)........................ 98.8 97.1 1.7 2
Dividends declared (interim) (US cents). ..................... 101 65 36 55
Dividend
The BHP Board today determined to pay an interim dividend of 101 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 interim dividend Date
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Announcement of currency conversion into RAND................................................................ 26 February 2021
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE).................................. 2 March 2021
Ex-dividend Date JSE......................................................................................... 3 March 2021
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and New York Stock
Exchange (NYSE)............................................................................................ 4 March 2021
Record Date.................................................................................................. 5 March 2021
DRP and Currency Election date (including announcement of currency conversion for ASX and LSE)............... 8 March 2021
Payment Date................................................................................................. 23 March 2021
DRP Allocation Date (ASX and LSE) within 10 business days after the payment date............................. 6 April 2021
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..................... 6 April 2021
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 3 March 2021 and 5 March 2021 (inclusive), nor will
transfers between the UK register and the South African register be permitted
between the dates of 26 February 2021 and 5 March 2021 (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/2021/jse/isse/BHPE/HY21Result.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: 16-02-2021 07:05:00
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