BHP ADR Compendium - A Snapshot as of April 18

Thursday April 18, 2024

www.buysellsignals.com

BHP Group Limited (N:BHP) last traded at $57.99 for a year to date return of -15.1%.
BHP Group Limited last traded at $57.99 for a year to date return of -15.1%.
BHP Group Limited, ADR largest Mining company by market cap, has added $2.32 (or 4.2%) in the past month to close at $57.99 today. The volume was 1.0 times average trading per month of 58 million shares.

BHP (BHP) Stock Dashboard [traded in Australian Dollars, AUD] End-of-Day Thu, Apr 18
Last$A45.09Market Cap$A229 billion [US$147 billion]EPS Growth (FY2023 vs FY2022)-58.2%Today's VI*1.1
P/E11.3Dividend Yield % (TTM)5.2Today's Volume8,847,944Currency1.000 AUD = 0.642 USD
EPS (FY2023)$A2.55DPS (past 12 months)$A3.8 or 378cAve Daily Volume7,842,605 sharesPV$1000 (1 yr)$A1,077
US$1,032
Shares Outstanding5,071,530,817ExchangeAUSTRALIAN [ASX]52-Week Price Range39.52 - 49.58  
BHP in IndicesAll Ordinaries [of 387 stocks]SectorMaterials [of 566 stocks] 

http://www.bhpbilliton.com/VI* Volume Index = Number of shares traded today/Average number of shares traded per day.A year ago the exchange rate was USD 1 = 1.49 AUD. USD1000 would have bought $A1,494. A year ago the BHP share price was $A44.19. $A1,494 would have bought 33.8 BHP shares on that day. Those 33.8 shares would be worth $A1,525 at today's share price of $A45.09. At today's exchange rate of USD1=1.56 AUD this is equivalent to USD978. Dividends reinvested are worth $A56 ($54). PV$1000= $1,032.

BHP (BHP) ADR Dashboard End-of-Day Thu, Apr 18

http://www.bhpbilliton.com
Last$57.99Market Cap$147 billion
EPS (FY2023)$2.55ExchangeINTERNATIONAL DEPOSITORY RECEIPTS [Frankfurt, Xetra, USNYSE, Stuttgart]
Shares Outstanding2,530,000,000% of shares outstanding3.8%
Institutional Ownership95,889,807SectorMining [of 46 stocks]
BHP in IndicesBNY Mellon Composite ADR [of 194 stocks]Today's VI*1.1
EPS Growth (FY2023 vs FY2022)-58.2%PV$1000 (1 yr)$1,018
Today's Volume2,889,900  
Ave Daily Volume2,637,536 ADRs  
52-Week Price Range51.62 - 67.41  

VI* Volume Index = Number of shares traded today/Average number of shares traded per day.

A year ago the BHP adr price was $60.10. $1,000 would have bought 16.6 BHP adr on that day. Those 16.6 ADRs would be worth $965 at today's adr price of $57.99. Dividends reinvested are worth $54. PV$1000= $1,018.
*Total ADRs Held by Institutions 95,889,807; equivalent to 191,779,614 BHP shares on issue. This represents 3.8% of total shares on issue.

Price Volume Snapshot past 3 months (USD)
Past month to HighLowVWAPVolume Index *
18 Apr 202460.555.958.31.0
18 Mar 202459.255.157.21.0
16 Feb 202459.258.660.71.0


[*Volume Index of 1.0 means volume for the month was 1.0 times its 12-month average]
[VWAP is defined as the Volume Weighted Average Price]

DATA & ARCHIVE DOWNLOAD CENTER

BHP ADR: EXPORT DATA TO EXCEL:

+ SHAREHOLDERS - COMPLETE LIST OF 653 INSTITUTIONS
+ PEER COMPARISON

BHP ADR: OTHER INFORMATION:

+ NEWS ARCHIVES - BHP PAST 4 YEARS IN HTML:
+ STOCK BUZZ
+ PRICE VOLUME CHARTS

BHP: EXPORT DATA TO EXCEL:

+ PRICE VOLUME - 5-YEAR HISTORY
+ FINANCIALS - 10-YEAR HISTORY [INCLUDING FY 2023]:
+ PEER COMPARISON

BHP: OTHER INFORMATION:

+ NEWS ARCHIVES - BHP PAST 4 YEARS:
+ PRICE VOLUME CHARTS
+ USD vs AUD EXCHANGE RATE CHARTS IN HTML
+ COPPER COMMODITY PRICE CHARTS IN HTML
+ COPPER COMMODITY BUZZ IN HTML

INDEX

SECTION 1 THE PAST QUARTER: PRESS RELEASES

SECTION 2 THE PAST QUARTER: NEWS AND BUZZ

SECTION 3 INSTITUTIONAL OWNERSHIP UPDATED AFTER LAST SEC FILING Q4/2023 REPORTED ON FEB 17

SECTION 4 TODAY'S BULLISH SIGNALS

SECTION 5 ONGOING BULLISH PARAMETERS

SECTION 6 TODAY'S BEARISH SIGNALS

SECTION 7 ONGOING BEARISH PARAMETERS

SECTION 8 CORPORATE PROFILE

SECTION 9 FINANCIALS H1/2023, FY 2023

SECTION 10 TOP MANAGEMENT AND BOARD OF DIRECTORS

SECTION 11 FINANCIALS AS REPORTED FY 2023

ADR IDENTIFIERS
GLOSSARY

SECTION 1 THE PAST QUARTER: PRESS RELEASES

1.1 Press Releases and Corporate Wire

Press Release article 1 of 1, Source: WEC, 31 words

February 25: BHP announces dividend

BHP today announced a cash dividend of $1.44 per share. The ex-dividend date is Thursday, March 07.

SECTION 2 THE PAST QUARTER: NEWS AND BUZZ

2.1 Institutional News [Updated April 17, 2024]

The source data is compiled as an aggregation of SEC filings. So far in this quarter 933 institutions have reported their holdings at the end of quarter Q1. The remaining 6,144 institutions are expected to file by day 45 of Q2, the deadline date.

2.1.1 Top 5 Institutions increasing their holdings in BHP ADRs [Q1/2024]

Institution Name (CIK)Rank on Dec 31, 2023Dec 31, 2023Mar 31, 2024Increase %*Today's Market Value $ million
Vicus Capital (0001544806)47263,019263,9270.3515.4
Addenda Capital (0001569411)9788,594112,56227.16.6
Hennion & Walsh Asset Management (0001861642)14347,54747,8130.562.8
Range Financial Group (0001928635)3308,48634,166302.62
Jeppson Wealth Management (0001831263)19625,40731,60824.41.8

*Today's Market Value in $ million of holdings as at March 31, 2024.

2.1.2 Top 5 Institutions decreasing their holdings in BHP ADRs [Q1/2024]

Institution Name (CIK)Rank on Dec 31, 2023Dec 31, 2023Mar 31, 2024Decrease %*Today's Market Value $ million
Perpetual (0001647273)32431,209355,30917.620.8
Shorepath Capital Management (0002012685)11763,74363,1810.883.7
Security National Bank (0001719739)15342,08236,77412.62.1
D.B. Root & Co (0001731717)20123,51322,9972.21.3
Park Avenue Securities (0001071640)21520,14320,0160.631.2

*Today's Market Value in $ million of holdings as at March 31, 2024.

2.2 Stock Buzz

Source: Other Publishers
AprHeadlinePublisher
Thu 18BHP says first stage of Jansen mine almost halfway completeCanadian Mining Journal
Thu 18BHP turns toward future facing commodities with Jansen potash approval; sale of oil and gas divisionThe Northern Miner
Tue 16BHP tied to gas until 2053 as power need swells on electric fleetThe Australian Financial Review
Fri 12BHP changes out the guardaustralianmining.com.au
Thu 11If You re Not Bullish On BHP Group Limited ADR (NYSE: BHP) Now, You ll Be Kicked Later.stocksregister
Tue 09BHP Set to Dethrone Codelco as World s Biggest Copper ProducerYAHOO!Finance


Please view more ADR Buzz stories in DATA DOWNLOAD CENTER

SECTION 3 INSTITUTIONAL OWNERSHIP UPDATED AFTER LAST SEC FILING Q4/2023 REPORTED ON FEB 17

Institutional Shareholder Activity3.1 Top 5 Institutional Ownership of BHP as at December 31, 2023

As at December 31, 2023, 644 Institutions (Funds) held investments in ADRs of BHP. Institutions increased their holdings to 3.8% of issued capital, up from 3.5% as at Sep 30. The largest ADRholder was Fisher Asset Management, LLC with 0.8% of BHP. The second largest ADRholder was Harding Loevner LP with 0.4%.

*Note: Minimum Core ADRholding is computed on the basis of SEC filings over the last 12 quarters (3 years). A higher % of ADRholding above the minimum core holding may be indicative of a potential positioning by an active institution to overweight.

BHP Top 4 Active Funds (in desc order of ADRs) hold 1.3% [second last column shows % above minimum core ADRholding; last column shows percentile rank by AUM (Assets Under Management) among 6832 Funds]. Please download the spreadsheet to view full list of 365 Active Funds holding 2.9% of BHP as at December 31, 2023.
FundADRs% of TotalValue $% above Core*Percentile rank
Fisher Asset Management, LLC (0000850529)19,902,1820.81.4 B15599
Morgan Stanley (0000895421)4,834,0380.2330.2 M355100
Dimensional Fund Advisors LP (0000354204)4,430,0560.2302.6 M308100
Wellington Management Group LLP (0000902219)4,389,5040.2299.8 M15,094100
% Held by Top 4 Institutional ADRholders33,555,7801.32.3 B--


BHP Top 1 Index Funds (in desc order of ADRs) hold 0.4% [second last column shows % above minimum core ADRholding; last column shows percentile rank by AUM (Assets Under Management) among 6832 Funds]. Please download the spreadsheet to view full list of 280 Index Funds holding 0.8% of BHP as at December 31, 2023.
FundADRs% of TotalValue $% above Core*Percentile rank
Harding Loevner LP (0000928196)10,703,8820.4731.2 M-96
% Held by Top 1 Institutional ADRholders10,703,8820.4731.2 M--


3.2 Institutional ownership of BHP at Dec 31: Nuveen Asset Management top increase of 2,274%

As at December 31, 2023, 222 institutions or 34.0% of BHP's institutional ADRholders had increased their holding of ADRs in BHP from September 30. The top increase was by Nuveen Asset Management which increased its holding by 141,030 ADRs, or 2,274.3% to 147,231 ADRs.

Top 5 Increases [December 31, 2023 vs September 30, 2023]

Value is shown in the table below at December 31 BHP ADR price of $68.31.

Institution (CIK)ADRsValue, $% increase
Nuveen Asset Management, LLC (0001521019)141,0308.5 M2,274.3
Tower Research Capital LLC (TRC) (0001533421)98559,2711,132.2
Marshall Wace LLP (0001318757)199,24512 M547.4
XY Capital Ltd (0001933132)103,1346.2 M422.1
United Capital Financial Advisers, LLC (0001463217)12,892775,757362.8
Total457,28627.5 million-


3.3 Institutional ownership of BHP at December 31, 2023: Wellington Management Group LLP top increase by worth

Top 5 Increases by worth [December 31, 2023 vs September 30, 2023]
Value is shown in the table below at December 31 BHP ADR price of $68.31.

Institution (CIK)ADRsWorth Change, $
Wellington Management Group LLP (0000902219)1,395,94084 M
Fisher Asset Management, LLC (0000850529)589,31735.5 M
Atlantic Trust Group, LLC (0001298088)420,55025.3 M
Neuberger Berman Group LLC (0001465109)394,24023.7 M
Ngam Advisors, LP (0001018331)249,99115 M
Total3,050,038183.5 million


3.4 Institutional ownership of BHP at Dec 31: Qube Research & Technologies top decrease of 100%

187 Institutional ADRholders decreased their holdings in Q4/2023. The top decrease was Qube Research & Technologies who reduced their ADRholding in BHP by 47,200 ADRs (100.0%) from 47,221 as at September 30 to 21 as at December 31.

Top 5 Decreases [December 31, 2023 vs September 30, 2023]

Value is shown in the table below at December 31 BHP ADR price of $68.31.

Institution (CIK)ADRsValue, $% Decreases
Qube Research & Technologies Ltd (0001729829)47,200(2.8 M)-100.0
BFSG, LLC (0001706836)20,235(1.2 M)-99.7
Optiver Holding B.V. (0001859606)611,442(36.8 M)-98.7
Point72 Asset Management, LP (0001603466)123,100(7.4 M)-91.6
MRP Capital Investments, LLC (0001964831)64,068(3.9 M)-91.3
Total866,045(52.1 million)-


3.5 Institutional ownership of BHP at Dec 31: Lord, Abbett & Co. top new ADRholder

An analysis conducted after the mid - quarter deadline of February 14 for Q4 SEC filings by 6997 institutions shows that there were 5 new institutional ADRholders. Lord, Abbett & Co. (728100) was the largest new ADRholder with 818,363 ADRs valued at $55.9 million as at December 31.

Top 5 New ADRholders as at December 31, 2023

Value is shown at price of December 31, 2023 (in desc order of ADRs)
Value is shown in the table below at December 31 BHP ADR price of $68.31.

Institution (CIK)ADRsValue, $
Lord, Abbett & Co. LLC (0000728100)818,36355.9 M
Susquehanna International Group, LLP (0001446194)386,42026.4 M
COMMONWEALTH EQUITY SERVICES, LLC (0000312272)124,6668.5 M
Walleye Trading Advisors, LLC (0001758720)123,8468.5 M
Mirabella Financial Services LLP (0001538853)118,5008.1 M
Total1,571,795107.4 million


3.6 Institutional ownership of BHP at Dec 31: Millennium Management LLC top exit

An analysis conducted after the mid - quarter deadline of February 14 for 20234 SEC filings by 6997 institutions shows that there were 5 exits. Millennium Management LLC was the largest exit with 441,084 ADRs valued at 25.1 M as at December 31.

Institution (CIK)ADRsValue, $
Millennium Management LLC (0001273087)441,08425.1 M
Capital Fund Management S.A. (0001323645)149,6768.5 M
Mackenzie Financial Corp (0000919859)138,7007.9 M
D. E. Shaw & Co., Inc. (0001009207)125,7467.2 M
First Republic Investment Management, Inc. (0001418204)120,3616.8 M
Total975,56755.5 million


Please view detailed Institutional Shareholders - Categorised and Complete List in DATA & ARCHIVE DOWNLOAD CENTER

SECTION 4 TODAY'S BULLISH SIGNALS

4.1 Rank in the top 22% by Price Performance in the International Depository Receipts market

DescriptionValueRank
1-month Price Change %4.2In Top 22%


4.2 Uptrend

Positive MACD:
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 58.4 minus the 26-day EMA of 58.15 is positive, suggesting a bullish signal.

Past Quarter:

The Best 3 weeks in the past quarter
The past month witnessed the best 2 weeks in the past quarter. In the past quarter the week beginning Monday March 18 saw the highest weekly rise of 2.5% for a relative price increase of 1.4%.
Mon-FriChange %*Index Change %Vol Ind [1 is avg]
Mar 18-222.51.10.9
Jan 22-262.42.51
Apr 08-121.6-1.51.2

*The Bank of New York Mellon Composite ADR Index Change %

SECTION 5 ONGOING BULLISH PARAMETERS

5.1 Rank in the top 24% by Size in the International Depository Receipts market

DescriptionValueRank
Ave daily Turnover$167.6 millionIn Top 2%
MCap$147 billionIn Top 24%


5.2 Present Value of $1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PV$1000 > 1,007

PV$1,0003 mo ago1 yr ago3 yrs ago
BHP.N$1,008$1,018$1,352
Mining sector$1,028$1,005$893
BNY Mellon Composite ADR Index$1,056$1,106$1,026


5.3 MCap: 5-Year Increase of $66 B (81%)

In the past 5 years Market Capitalization has increased by $65.7 billion (81%) from $81 billion to $146.7 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 2 out of 5 years.
  PriceMCap ($ B)
Last$57.99146.7
1 Year ago$60.1093.1
2 Years ago$67.44114.9
3 Years ago$57.14108.4
4 Years ago$29.6458.8
5 Years ago$38.4481


5.4 Buybacks and 5-Years Decrease of 4.9% in Total Shares on Issue

In the past 5 years total shares on issue have decreased by 259 million (4.9%) from 5.3 billion to 5.1 billion. Buybacks have averaged 23.8 million shares [0.4%] per financial year. Based on a dynamic start date of 5 years ago, there have been declines in issued capital in 2 out of 5 years. A reduction in total shares on issue is a favourable indicator in Joseph Piotroski's 9 indicators.

Year End (Jun 30)Total Shares on IssueFYBuybacksBuyback %
20235,064,000,0002023--
20225,061,000,0002022--
20215,057,000,0002021--
20205,057,000,0002020--
20195,180,000,0002019143,000,0002.7%
20185,323,000,0002018--
Total  143,000,000 
Average per FY  23,833,333 


5.5 Annualised Period-based Total ADRholder Returns [TSR %]: The Best Periods with TSR > 10.4%

TSR %3 yrs5 yrs
BHP.N10.518.3


5.6 Low Debt to Equity (%)

The debt to equity ratio of 46.9% is under a safe benchmark figure of 50%. However, it has deteriorated from 34.9% a year ago.
YearsDebt to Equity (%)
Jun 202346.87
Jun 202234.87
Jun 202137.97
Jun 202052.27
Jun 201948.15


5.7 Increased Volume, up 16% in 5 years

In the past five years, Average Daily Volume of Trading (ADVT) has increased 16.2% to 2.6 million ADRs.
Avg. Daily Volume Traded 12 months ended Apr 18, million ADRs
YearADVT
20242.6
20233.4
20223.4
20212.2
20202.3


5.8 Increased VWAP, up 70% in 5 years

In the past five years Volume Weighted Average Price (VWAP) has increased by 70.0% to $57.39.
Past five years, 12 months ended Apr 18 (USD)
YearHigh PriceVWAPLow Price
202467.4157.3951.62
202367.2453.2140.86
202268.7454.1542.82
202161.8144.3127.06
202041.1633.7522.06


5.9 Increased ADR turnover, up 91% in 5 years

In the past five years, average daily ADR turnover has increased 91.2% to $147.1 million. This suggests increased liquidity.
Past five years, 12 months ended Apr 18 (USD million)
YearAverage Daily Turnover
2024147.1
2023183.7
2022160.6
202199.3
202077.0


SECTION 6 TODAY'S BEARISH SIGNALS

6.1 3-DAY: MODERATE MOMENTUM DOWN

BHP dips 1.8% on firm volume 1.2 times average. Compared with the BNY Mellon Composite ADR Index which fell 3.4 points (or 1.9%) in the 3-days, the relative price increase was 0.1%.

The price ranged between a high of $58.41 on Wednesday Apr 17 and a low of $56.96 on Tuesday Apr 16.[Volume Index (VI); 1 is average]

6.2 Rank in the bottom 20% by Price Performance in the International Depository Receipts market

DescriptionValueRank
Rel Strength 6 mo61In Bottom 20%


SECTION 7 ONGOING BEARISH PARAMETERS

7.1 The Worst Periods [3 Mo, 1 Yr] with Price Change % < -1.6

1-Year price change of -3.5% for BHP underperformed the change of 10.7% in the The Bank of New York Mellon Composite ADR Index for a relative price change of -14.2%.
Price Change %QuarterYear
BHP-1.7-3.5
Mining sector2.90.5
The Bank of New York Mellon Composite ADR Index4.510.7


7.2 BHP sees dividend fall for a second consecutive year

BHP reported dividends per share of $3.04 in the past year, down 42.6% from the previous year. This is the second consecutive dividend decrease. In the past 2 years average annual compound growth rate of dividends was -34.1%.

7.3 EPS growth [FY2023 vs FY2022] of -58.2%:

FYEPS ($)Growth %
20232.55-58.2
20226.11172.6


7.4 Annualised Period-based Total ADRholder Returns [TSR %]: The Worst Period with TSR < 2%

TSR %1 yr
BHP.N1.9


SECTION 8 CORPORATE PROFILE

8.1 Activities

BHP Group Limited is an international resources company. The Company's principal business lines are mineral exploration and production, including coal, iron ore, gold, titanium, ferroalloys, nickel and copper concentrate, as well as petroleum exploration, production, and refining. It is the International Depository Receipt (IDR) market's largest Mining company by market capitalisation.

8.2 Contact Details

Websitehttp://www.bhpbilliton.com
Physical Address180 Lonsdale Street Melbourne, VIC 3000 Australia
Phone61-1300-554757
Fax61-3-96093015


8.3 Industry & Sector [of 175 stocks]

Classification LevelName of Sector
Business SectorMineral Resources
Industry GroupMetals & Mining
Economic SectorBasic Materials


SECTION 9 FINANCIALS H1/2023, FY 2023

9.1 BHP Financials Summary:

Year ended JunFY2023FY2022FY2021
Sales ($ B)53.865.156.9
Pretax ($ B)21.433.124.3
Net ($ B)12.930.911.3
EPS ($)2.5526.1062.24

EPS down 58.2% to $2.55 in FY2023 [ y.e. 30 Jun 2023]
+ Net profit was down 58.2% from $30.9 billion in FY2022 to $12.9 billion in FY2023.
+ Earnings Per Share (EPS) was down 58.2% from $6.11 in FY2022 to $2.55 in FY2023.

9.2 Half-Yearly Financials

BHP EPS plummets 85.6%
Release Date: February 20, 2024
BHP (ASX:BHP) announced EPS of 18.3c for the half year-ended 31 December 2023, down 85.6% from $1.27 in the previous corresponding period.

Half-Yearly Report (H1 2023)
Compared with the Previous Corresponding Period [PCP; H/31 Dec 2022], year-over-year [y.o.y.] Revenue was up 5.9% and Net Profit was down 85.6%.
Half year-ended31 Dec 202331 Dec 2022
EPS, c18.3127
PCP growth in EPS %-86-23.7
Revenue, $ billion27.225.7
PCP growth in Revenue %5.9-
Net Profit, $927million6.5billion
PCP growth in Net Profit %-86-31.6


9.3 Financials, FY 2023 [year-ended 30 June 2023 ]

BHP profits hit by 58% fall
Release Date: August 24, 2023
BHP (ASX:BHP) reported net profit for the year-ended 30 June 2023 [FY2023] of $12.9b, down 58% from $30.9b in the previous year [FY2022]. Earnings per share (EPS) were down 58% from $6.11 in FY2022 to $2.55 in FY2023.

9.4 Annual growth in Revenue, Net Profit and EPS

Year-ended30 June [FY/2023]30 June [FY/2022]
Revenue, $ Billion53.865.1
Growth in Revenue %-17.314.4
Net Profit, $ Billion12.930.9
Growth in Net Profit %-58.2173.4
EPS, $2.556.11
Growth in EPS %-58.2172.6


Major changes compared with previous year (FY2023 vs FY2022):
Favourable Changes:
- Interest revenue to Sales up from 0.1% to 1%
- Total non-current assets to Total Assets up from 69.9% to 76.9%
- Fixed Assets to Total Assets up from 64.4% to 70.9%
- Total Liabilities to EBITDA of 2.2 compares favourably with the Joseph Piotroski benchmark of <5. However, it has deteriorated by 65.4% from the previous year's ratio of 1.4.
- Total Liabilities to Operating Cash Flow of 2.8 compares favourably with the Joseph Piotroski benchmark of <4. However, it has deteriorated by 95.8% from the previous year's ratio of 1.4.
Unfavourable Changes:
- Net profit slumps 58.2% from $30.9b to $12.9b
- Sales revenue down 17.3% from $65.1b to $53.8b
- EBIT Margin down from 52.5% to 43.6%
- Interest cover down 65% from 32.6 to 11.4
- EBIT to total assets down from 35.9% to 23.2%

Year-on-year comparison of Performance Ratios [FY2023 vs FY2022]
June 30FY2023FY2022Change (%)
Return on Equity (%)29.545.9Down 35.7
Return on Assets (%)14.123.5Down 40
Total debt to net tangible assets (%)48.535.9Up 35.1
Debt/Equity0.50.3Up 34.3
Interest Cover11.432.6Down 65
Common Size Ratios by Assets %   
Current Debtors to Total Assets 4.5 5.7 Down 21.1
Long-term investments to Total Assets 2.7 2.3 Up 15.6
Non-current inventory to Total Assets 1.4 1.4 Up 1.3
Common Size Ratios by Sales %   
Interest revenue to Sales 1.0 0.1 Up 703.7


Five-year record of growth and performance:
In the last 5 years Total Revenue averaged $52.6B, EBITDA averaged $22.9B and Net Profit averaged $13.7B. Compound Annual Growth Rate (CAGR) averaged 4.5% for Total Revenue, 28.4% for Net Profit and 7.5% for EBITDA.
DescriptionAnnual ($ B)5-year Avg ($ B)5-year CAGR %
Total Revenue53.852.64.5
EBITDA23.522.97.5
Operating Profit23.522.97.5
Net Profit12.913.728.4


Five-year record of EBITDA, Operating Profit, Net Profit, ROE, ROA and ROCE
In 2023 Net Profit Margin of 26.6% was above its 5-year Avg of 25.4% (All Figures in %)
Description20235-year Avg
EBITDA Margin43.642.6
Operating Profit Margin43.642.6
Net Profit Margin26.625.4
Return on Equity29.527
Return on Assets14.113.6
Return on Capital Employed28.527


SECTION 10 TOP MANAGEMENT AND BOARD OF DIRECTORS

10.1 Top Management

Top Management [One top executive with tenure > 7 yrs]
NameDesignationSince Appointment
Ken MacKenzieChairman, Director7 Yrs, 7 Mos


Top Management [Eight top executives with tenure < 5 yrs]
NameDesignationSince Appointment
Mike HenryChief Executive Officer4 Yrs, 3 Mos
Geraldine SlatteryPresident1 Yr, 6 Mos
Edgar BastoExecutive Director, Chief Operating Officer1 Yr, 6 Mos
Stefanie WikinsonCompany Secretary3 Yrs, 1 Mo
Vandita PantChief Commercial Officer4 Yrs, 9 Mos
Rag UddChief Commercial Officer4 Mos
Laura TylerChief Technical Officer-
Johan van JaarsveldChief Development Officer-


10.2 Board Of Directors

Board Of Directors [One director with tenure > 5 yrs]
NameSince Appointment
Ian Cockerill5 Yrs


Board Of Directors [Six directors with tenure < 5 yrs]
NameDesignationSince Appointment
Gary GoldbergDirector4 Yrs, 2 Mos
Dion WeislerIndependent Non-Executive Director3 Yrs, 10 Mos
Michelle HinchliffeIndependent Non-Executive Director2 Yrs, 1 Mo
Catherine TannaIndependent Non-Executive Director2 Yrs
Christine O'ReillyDirector-
Xiaoqun CleverIndependent Non-Executive Director-


10.3 Resignations in the Past Year

NameDesignationDate of Resignation
David LamontChief Financial Officer,Chief Financial Officer07 December 2023
Terry BowenDirector,Director01 November 2023
Prakash KakkadCompany Secretary,Company Secretary20 September 2023
Malcolm BroomheadDirector10 November 2022
John MogfordDirector31 October 2022


10.4 Profiles of Top Management

Mike Henry
CEO
Mike was appointed as a Director of BHP Group Limited and BHP Group Plc in January 2020. He was appointed Chief Executive Officer on 1 January 2020.
Skills and experience:
Mike has over 30 years' experience in the global mining and petroleum industry, spanning operational, commercial, safety, technology and marketing roles. He joined BHP in 2003, initially in business development and then in marketing and trading of a range of mineral and petroleum commodities based in The Hague, where he was also accountable for BHP's ocean freight operations. He went on to hold various positions in the Company, including President Coal, President HSE, Marketing and Technology, and Chief Marketing Officer. Mike was appointed Chief Executive Officer on 1 January 2020 and has been a member of the Executive Leadership Team since 2011. Prior to joining BHP, Mike worked in the resources industry in Canada, Japan and Australia.

Shareholder Value:
Creation of shareholder value in BHP:
Since appointment as CEO: The present value of $1,000 invested on the appointment date of January 01, 2020 at close price of $39.37 is $2,134, including a capital gain of $473 and dividend reinvested of $661.

Ken MacKenzie
Chairman
Ken has been a Director of BHP Billiton Limited and BHP Billiton Plc since September 2016. He was appointed Chairman with effect from 1 September 2017.
Skills and experience:
Ken has extensive global and executive experience, and a deeply strategic approach. From 2005 until 2015, he served as the Managing Director and Chief Executive Officer of Amcor Limited, a global packaging company with operations in over 40 countries. During his 23 year career with Amcor, Ken gained extensive experience across all of Amcor's major business segments in developed and emerging markets in the Americas, Australia, Asia and Europe.
Other directorships and offices (current and recent):
Former Managing Director and Chief Executive Officer of Amcor Limited (from July 2005 to April 2015).
Advisory Board member of American Securities Capital Partners LLC (since January 2016).
Advisory Board member of Adamantem Capital (since September 2016).
Former Senior Adviser to McKinsey & Company (from January 2016 to June 2017).
Board Committee memberships:
Chairman of the Nomination and Governance Committee.
Member of the Sustainability Committee.

Shareholder Value:
Creation of shareholder value in BHP:
Since appointment as Chairman: The present value of $1,000 invested on the appointment date of September 01, 2017 at close price of $26.95 is $3,945, including a capital gain of $1,152 and dividend reinvested of $1,793.

Vandita Pant
Chief Commercial Officer
Experience:
Vandita was appointed Chief Commercial Officer in July 2019, with global accountabilities for Marketing, Supply and Maritime and for developing the Company's view on global commodities markets. She is the most senior Asian female in the BHP Group globally. Vandita joined BHP in 2016 as Group Treasurer and Head of Europe, responsible for BHP's structural financial risk, liquidity investment portfolio, commodity price risk, credit risk, corporate finance, capital management related functions and involved in all strategic transactions with a balance-sheet impact.
She has over 25 years of international experience having worked in a variety of executive roles in India, Singapore, Japan and, for the last 13 years, in London. Prior to this, she was with the Royal Bank of Scotland where she undertook various challenging mandates as Business Treasurer, Group Head of Capital Management and Markets, and, following the 2008 Global Financial Crisis, setting up Global Balance Sheet & Liquidity Management. She spent 11 years with ABN AMRO Bank and 3 years with BNP Paribas in a variety of roles in Strategy & Corporate Finance, Business Development, Commodity Finance and Risk Management.
She holds a Bachelor of Commerce (Hons) degree from Delhi University and an MBA from the Indian Institute of Management (IIM) in Finance and Marketing.

Shareholder Value:
Creation of shareholder value in BHP:
Month of appointment: July 2019
In the last 5 years the average annualized return to shareholders was 18.3%. The present value of $1,000 (PV1000) invested 5 years ago is now $2,321, a gain of $509 and dividend reinvested of $812.

10.5 Profiles of Board of Directors

Gary Goldberg
Director
Gary has been a Director of BHP Group Limited and BHP Group Plc since February 2020.
Skills and experience:
Mr Goldberg has more than 35 years' of global experience in the mining industry, including in executive, operational and strategic roles.
In his most recent role, Gary Goldberg served as Chief Executive Officer of Newmont Goldcorp Corporation, which is one of the world's largest gold producers. Prior to joining Newmont in 2011, Mr Goldberg spent 30 years at Rio Tinto where he held senior executive roles, most recently as President and Chief Executive Officer of Rio Tinto Minerals Inc., and in leadership roles in Rio Tinto's coal, gold, copper and industrial minerals businesses.
Other directorships and offices (current and recent):
Advisor, Newmont Goldcorp Corporation (from October 2019 to March 2020).
Former President and Chief Executive Officer of Newmont Mining Corporation (from 2013 to 2019), and Chief Executive of the merged Newmont Goldcorp Corporation (April 2019 - September 2019).
Former Director (from 2013 to 2019) and Treasurer (from 2017 to 2019) of the International Council on Mining and Metals.
Former Vice Chair of the World Gold Council (from 2017 to 2019).
Former Co-Chair of the World Economic Forum for Mining and Metals Governors (from 2016 to 2017).
Former President and Chief Executive Officer of Rio Tinto Minerals Inc. (from 2006 to 2011).
Former Chairman of the US National Mining Association (from 2008 to 2010).
Former President and Chief Executive Officer of U.S. Borax Inc. (from 2004 to 2006).
Former Managing Director of Coal & Allied Industries Ltd. (from 2001 to 2004).
Former President and Chief Executive Officer of Kennecott Energy Corp. (from 1999 to 2001).
Board Committee membership:
Member of the Remuneration Committee
Member of the Sustainability Committee

Shareholder Value:
Creation of shareholder value in BHP:
Month of appointment: February 2020
In the last 3 years the average annualized return to shareholders was 10.5%. The present value of $1,000 (PV1000) invested 3 years ago is now $1,352, a gain of $15 and dividend reinvested of $337.

Ian Cockerill
Independent Non-Executive Director
Ian has been a Director of BHP Group Limited and BHP Group Plc since 1 April 2019.
Skills and experience:
Ian has extensive global mining operational, project and executive experience having initially trained as a geologist. He was formerly the Chief Executive Officer of Anglo American Coal and Chief Executive Officer and President of Gold Fields Limited, and a senior executive with AngloGold Ashanti and Anglo American Group. Ian is the Chairman of Polymetal International plc.
Ian is the former Chairman of BlackRock World Mining Trust plc and the former Lead Independent Director of Ivanhoe Mines Ltd and former Director of Orica Limited and Endeavour Mining Corporation. Ian is also the former Chairman of the Leadership for Conservation in Africa, a not-for-profit organisation, and is the Chairman of Conservation 360, a Botswanan conservation NGO dealing with anti-poaching initiatives. He is a former Director of Business Leadership South Africa, the South African Business Trust and the World Gold Council.
Other directorships and offices (current and recent):
Chairman of Polymetal International plc (since 2019).
Former Director of Orica Limited (from 2010 to 2019).
Former Director (from 2013 to 2019) and Chairman (from 2016 to 2019) of BlackRock World Mining Trust plc.
Former Director (from 2011 to 2019) and Lead Independent Director (from 2012 to 2019) of Ivanhoe Mines Ltd.
Former Director of Endeavour Mining Corporation (from 2013 to 2019).
Former Executive Director and executive Chairman (from 2010 to 2013) and Non-executive Chairman (from 2013 to 2017) of Petmin Limited.
Former Chairman of Hummingbird Resources plc (from 2009 to 2014). Board Committee memberships:
Member of the Risk and Audit Committee.
Member of the Sustainability Committee.

Shareholder Value:
Creation of shareholder value in BHP:
Since appointment as Independent Non-Executive Director: The present value of $1,000 invested on the appointment date of April 01, 2019 at close price of $39.05 is $2,243, including a capital gain of $485 and dividend reinvested of $758.

SECTION 11 FINANCIALS AS REPORTED FY 2023

11.1 Financials as reported (FY 2023 [year-ended 30 June 2023 ])

RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In $ Million, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (FY 2023 [year-ended 30 June 2023 ])
Description$ Million$ Million 
Jun 3020232022Change %
Continuing operations   
Revenue53,81765,098Down 17.3
Other income3941,398Down 71.8
Expenses excluding net finance costs-31,873-32,371Improved 1.5
Profit/(loss) from equity accounted investments related impairments and expenses594-19Recovery
Profit from operations22,93234,106Down 32.8
Financial expenses-2,060-1,050Deterioration 96.2
Financial income52981Up 553.1
Net finance costs-1,531-969Deterioration 58.0
Profit before taxation21,40133,137Down 35.4
Income tax expense-6,691-10,430Improved 35.8
Royalty-related taxation (net of income tax benefit)-386-307Deterioration 25.7
Total taxation expense-7,077-10,737Improved 34.1
Profit after taxation from Continuing operations14,32422,400Down 36.1
Discontinued operations   
Profit/(loss) after taxation from Discontinued operations 10,655 
Profit after taxation from Continuing and Discontinued operations14,32433,055Down 56.7
Attributable to non-controlling interests1,4032,155Down 34.9
Attributable to BHP shareholders12,92130,900Down 58.2
Basic earnings per ordinary share (cents)$2.55$6.11Down 58.3
Diluted earnings per ordinary share (cents)$2.55$6.09Down 58.1
Basic earnings from Continuing operations per ordinary share (cents)$2.55$4.0Down 36.3
Diluted earnings from Continuing operations per ordinary share (cents)$2.55$3.99Down 36.1
Weighted average number of ordinary share Basic11,000,00011,000,000Steady
Weighted average number of ordinary share Diluted11,000,00011,000,000Steady


BALANCE SHEET AS REPORTED (FY 2023 [year-ended 30 June 2023 ])
Description$ Million$ Million 
Jun 3020232022Change %
ASSETS   
Current assets   
Cash and cash equivalents12,42817,236Down 27.9
Trade and other receivables4,5945,426Down 15.3
Other financial assets470629Down 25.3
Inventories5,2204,935Up 5.8
Current tax assets508263Up 93.2
Other131175Down 25.1
Total current assets23,35128,664Down 18.5
Non-current assets   
Trade and other receivables148153Down 3.3
Other financial assets1,115802Up 39.0
Inventories1,4031,315Up 6.7
Property plant and equipment71,81861,295Up 17.2
Intangible assets1,6101,369Up 17.6
Investments accounted for using the equity method1,6201,420Up 14.1
Deferred tax assets5656Steady
Other17592Up 90.2
Total non-current assets77,94566,502Up 17.2
Total assets101,29695,166Up 6.4
LIABILITIES   
Current liabilities   
Trade and other payables6,2966,687Down 5.8
Interest bearing liabilities7,1732,622Up 173.6
Other financial liabilities402579Down 30.6
Current tax payable6113,032Down 79.8
Provisions4,5143,965Up 13.8
Deferred income4734Up 38.2
Total current liabilities19,04316,919Up 12.6
Non-current liabilities   
Trade and other payables4  
Interest bearing liabilities15,17213,806Up 9.9
Other financial liabilities2,1571,997Up 8.0
Non-current tax payable6887Down 21.8
Deferred tax liabilities4,2993,063Up 40.4
Provisions11,97310,478Up 14.3
Deferred income5050Steady
Total non-current liabilities33,72329,481Up 14.4
Total liabilities52,76646,400Up 13.7
Net assets48,53048,766Down 0.5
EQUITY   
Share capital4,7374,638Up 2.1
Treasury shares-41-31Deterioration 32.3
Reserves1312Up 8.3
Retained earnings39,78740,338Down 1.4
Total equity attributable to BHP shareholders44,49644,957Down 1.0
Non-controlling interests4,0343,809Up 5.9
Total equity48,53048,766Down 0.5


CASH FLOW AS REPORTED (FY 2023 [year-ended 30 June 2023 ])
Description$ Million$ Million 
Jun 3020232022Change %
Operating activities   
Profit before taxation from Continuing operations21,40133,137Down 35.4
Adjustments for:   
Depreciation and amortisation expense5,0615,683Down 10.9
Impairments of property plant and equipment financial assets and intangibles75515Down 85.4
Net finance costs1,531969Up 58.0
(Profit)/loss from equity accounted investments related impairments and expenses-59419Deterioration
Other546-350Recovery
Changes in assets and liabilities:   
Trade and other receivables867-703Recovery
Inventories-44-865Improved 94.9
Trade and other payables-1,086727Deterioration
Provisions and other assets and liabilities131-248Recovery
Cash generated from operations27,88838,884Down 28.3
Dividends received3471,018Down 65.9
Interest received54558Up 839.7
Interest paid-1,090-657Deterioration 65.9
Proceeds/(settlements) of cash management related instruments331378Down 12.4
Net income tax and royalty-related taxation refunded232105Up 121.0
Net income tax and royalty-related taxation paid-9,552-10,501Improved 9.0
Net operating cash flows from Continuing operations18,70129,285Down 36.1
Net operating cash flows from Discontinued operations 2,889 
Net operating cash flows18,70132,174Down 41.9
Investing activities   
Purchases of property plant and equipment-6,733-5,855Deterioration 15.0
Exploration and evaluation expenditure-350-256Deterioration 36.7
Exploration and evaluation expenditure expensed and included in operating cash flows294199Up 47.7
Investment in subsidiaries operations and joint operations net of cash-5,868  
Net investment and funding of equity accounted investments-557-266Deterioration 109.4
Proceeds from sale of assets444221Up 100.9
Proceeds/(settlements) from sale of subsidiaries operations and joint operations net of their cash821,255Down 93.5
Other investing-377-271Deterioration 39.1
Net investing cash flows from Continuing operations-13,065-4,973Deterioration 162.7
Net investing cash flows from Discontinued operations -904 
Net cash completion payment on merger of Petroleum with Woodside -683 
Cash and cash equivalents disposed on merger of Petroleum with Woodside -399 
Net investing cash flows-13,065-6,959Deterioration 87.7
Financing activities   
Proceeds from interest bearing liabilities8,1821,164Up 602.9
(Settlements)/proceeds of debt related instruments-677  
Repayment of interest bearing liabilities-3,289-3,358Improved 2.1
Purchase of shares by Employee Share Ownership Plan (ESOP) Trusts-88-149Improved 40.9
Dividends paid-13,268-17,851Improved 25.7
Dividends paid to non-controlling interests-1,175-2,540Improved 53.7
Net financing cash flows from Continuing operations-10,315-22,734Improved 54.6
Net financing cash flows from Discontinued operations -33 
Net financing cash flows-10,315-22,767Improved 54.7
Net (decrease)/increase in cash and cash equivalents from Continuing operations-4,6791,578Deterioration
Net increase/(decrease) in cash and cash equivalents from Discontinued operations 1,952 
Net cash completion payment on merger of Petroleum with Woodside -683 
Cash and cash equivalents disposed on merger of Petroleum with Woodside -399 
Cash and cash equivalents net of overdrafts at the beginning of the financial year17,23615,246Up 13.1
Foreign currency exchange rate changes on cash and cash equivalents-134-458Improved 70.7
Cash and cash equivalents net of overdrafts at the end of the financial year12,42317,236Down 27.9


ADR IDENTIFIERS

ISIN: US0886061086
CUSIP: 088606108
RIC: BHP.N
LEI: WZE1WSENV6JSZFK0JC28

GLOSSARY

ADVT: Average Daily Volume of shares Traded
Capital Gain/Loss from n Years Ago to n-1 Years Ago: Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Debt/Equity: Net Debt/Net Assets %
Dividend Yield: Dividend Per Share/Share Price (%)
EBIT Margin : Earnings Before Interest and Tax/Revenue (%)
Interest Cover: Earnings Before Interest and Tax/Interest (times)
PCP: Previous Corresponding Period
PV1000: Present value of 1000 invested 1 year/'n' years ago
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TTM: Trailing 12 Months
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

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