BHP Group Limited Q2 FY2024 earnings call

• Acknowledged the tragic loss of Luke O'Brien and redoubled efforts to reinforce safety culture. - Delivered strong underlying financial results: underlying EBITDA increased by 5% to USD 13.9 billion with a margin of 53%, underlying attributable profit was USD 6.6 billion, and return on capital employed was 26%. - Number of female employees increased again to over 36% in pursuit of gender balance. - Made progress on climate change goals, including an agreement with Rio Tinto and BlueScope to pilot technology to remove emissions from steelmaking. - Sanctioned Stage 2 of the Jansen project in Canada, creating the world's largest potash line. - On track to increase Western Australia Iron Ore production to over 305 million tonnes per annum in the medium term and studying growth up to 330 million tonnes. - Advancing multiple copper options in Chile and South Australia. - Focused metallurgical coal portfolio on higher quality coals preferred by customers.

Western Australia Iron Ore business remains the lowest cost producer of iron ore in the world. Copper production increased by 7% with a record half at our Spence mine in Chile, higher production at Escondida also in Chile, and strong performance in South Australia. Performance in our steelmaking coal business was hampered by wet weather and significant maintenance, with lifting production a focus for the second half. We saw lower global nickel prices and are taking action to reduce the impact of these market forces on our operations.

• On track to increase Western Australia Iron Ore production to over 305 million tonnes per annum in the medium term. - Studying options for growth up to 330 million tonnes for Western Australia Iron Ore. - Advancing multiple copper options in Chile and South Australia.

• Lower global nickel prices and the impact of these market forces on operations.