BHP
BHP Group Limited
BHP Group Limited Q2 FY2023 earnings call
February 21, 2023 · fiscal period ended 2022-12
EPS · actual vs est
$2.55 / $2.72Miss -6.3%
Revenue · actual vs est
$25.98B / $25.34BBeat +2.5%
Summary
Generated 2023-02-21
Management highlights
- Operational and financial results for the half year were steady and reliable despite challenges. Margin was 54% and underlying attributable profit was $6.6 billion with an effective tax rate including royalties of 40%. - Achieved an uplift in the proportion of female employees to more than 33%, doubled spend with indigenous owned suppliers, and made strong progress towards meeting greenhouse gas emissions reduction targets. - Metals and minerals produced by BHP are critical for the world's energy transition, with needs for more copper, nickel, iron ore, metallurgical coals, and potash. - Plan to help meet world needs through getting more from existing assets via innovation, exploration, investments in early-stage opportunities, and the proposed Oz Minerals acquisition.
Segment performance
Iron Ore business in Western Australia achieved another production record. Escondida copper mine in Chile saw growth in production. Olympic Dam line in South Australia had another stable half. No specific revenue contribution percentages were mentioned in the transcript.
Risks
- Tragic incident where Jody Byrne lost his life in a rail operations accident at Port Hedland, emphasizing the need for constant vigilance on safety to eliminate fatalities at BHP.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $2.55 | $2.72 | -6.3% | $8.46 |
| Revenue | $25.98B | $25.34B | +2.5% | $34.58B |
Transcript
February 21, 2023Full transcript unavailable for redistribution
The structured summary above covers the available call sections. Full transcript text is not included on this page.
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Prior quarters
This page presents the stored structured earnings-call summary and deterministic earnings calendar values. How this is generated. For informational purposes only; not investment advice.