BHP Group ADR (BHP.N) $63.60

Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 BHP Group ADR (BHP.N) $52.56

BHP Group ADR (BHP: $52.56) offers 29th lowest Price Earnings in Bank of New York Mellon Composite ADR Index, after price drop

BHP Group Limited, the International Depository Receipt (IDR) In this Report: market's 2nd largest Mining company by market cap, is currently Highlights: (Click tab for direct access) Page the 29th lowest price earnings ADR in the Bank of New York DATA & ARCHIVE DOWNLOAD CENTER 1 Mellon Composite ADR Index of 274 stocks. The Past Quarter: Regulatory Announcements 4 The price earnings ratio of 23.5 divided by annual growth in EPS Q2/2021 Institutional Shareholder Activity 5 (FY2021 vs FY2020) of 42.7% corresponds to an attractive P/E/G of News and Buzz 8 0.55 times; being less than the value benchmark of 1.0. Bearish Signals 8 The earnings yield of 8.3% is 5.9 times the 10-year bond yield of Ongoing Bearish Parameters 9 1.4%. Bullish Signals 13

Ongoing Bullish Parameters 14 The ADR has sunk $2.51 (4.6%) from its previous trading session to Corporate Profile and Independent Ratings 20 close at $52.56. Compared with the Bank of New York Mellon Financials FY 2021, H1/2020, Past 7 Years 22 Composite ADR Index which fell 3.6 points (2.2%) in the day, the relative price change was -2.3%. Dividend 29 Board of Directors 29 Today its volatility (highest price minus lowest price/lowest price) Peer Group Analysis & Ranking 38 of 3.3% was 1.9 times its average daily volatility of 1.8%. Today the News Archives (Nov 2017 - Feb 2021) 39 ADR traded at its 301-day low of $52.43. The last time the price hit Snapshot of 43 Australian ADRs 46 that level was on Dec 01. The high for the day was $54.15. Index 48 Fig 1: Analyst Recommendation: Glossary 51 Past Quarter Note also: Section Headers and Figures are mapped as Bookmarks in the PDF menu Current Prev Price 2021 Brokerage (left, top) Rating Target Target Jul 02 The Goldman Buy 34 37 Sachs Group

DATA & ARCHIVE DOWNLOAD CENTER

BHP ADR: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA: • FINANCIALS - 10-YEAR HISTORY • INSTITUTIONAL SHAREHOLDERS - CATEGORISED AND COMPLETE LIST OF 482 INSTITUTIONS AS AT Jun 30, 2021 • PEER COMPARISON - STOCK IN MINING SECTOR AND STOCK IN BANK OF NEW YORK MELLON COMPOSITE ADR INDEX BHP ADR: LINKS IN HTML TO FURTHER INFORMATION: • PRICE VOLUME CHARTS IN HTML BHP STOCK: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA: • PRICE VOLUME - 5-YEAR HISTORY • FINANCIALS - 10-YEAR HISTORY [INCLUDING FY 2021] • PEER COMPARISON - STOCK IN INDICES BHP STOCK: LINKS IN HTML TO FURTHER INFORMATION: • STOCK BUZZ IN HTML • PRICE VOLUME CHARTS IN HTML • USD vs AUD EXCHANGE RATE CHARTS IN HTML • COPPER COMMODITY PRICE CHARTS IN HTML

www.BuySellSignals.com Index and Glossary at end of this Report. Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

Fig 2: Past Quarter Snapshot

Beginning of Quarter (28 End-of Quarter (28 Sep, Change Jun, 2021) 2021) USD % Price $68.35 $52.56 -15.79 -23.1 Market Cap $107 billion $77.3 billion -29.8 billion -23.1 P/E 46.3 23.5 Dividend Yield % 4.3 11.4

Low During Quarter 52.43 on Tue 28 Sep, 2021 High During Quarter 75.57 on Thu 29 Jul, 2021 VWP 65.1

Fig 3: BHP ADR Dashboard (traded in USD)

Home Exchange Australia Code BHP ISIN US0886061086 CUSIP 088606108 *No. Held by Institutions 81,043,649 Number of shares equivalent 162,087,298 % of shares outstanding 5.5% Ratio 1 ADR equals 2 ordinary shares Type Sponsored Sep 28 close $52.56 EPS Growth (FY2021 vs FY2020) 42.7% Ave Daily Volume 2,435,985 ADRs 52-Week Range (In USD) 42.93 - 77.04 BHP in Indices Bank of New York Mellon Composite ADR, Bank of New York Mellon Composite DR

*Total ADRs Held by Institutions 81,043,649; equivalent to 162,087,298 BHP Group shares on issue. This represents 5.5% of total shares on issue.

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www.BuySellSignals.com Page 2 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

Fig 4: BHP Stock Dashboard (traded in AUD)

Currency AUD 1 = USD 0.73 Sep 28 close $A36.87 P/E (FY2021) 12 Dividend Yield (TTM) 10.9% EPS Growth (FY2021 vs FY2020) 42.7% Ave Daily Volume 6,262,053 shares 52-Week Range (In AUD) 30.87 - 51.24 Sector Materials Market Cap $A187 billion [$136 billion] EPS (FY2021) $A2 DPS (TTM) $A2 Shares Outstanding 5,070,000,000 BHP in Indices All Ordinaries, S&P/ASX 100, S&P/ASX All Australian 200

Fig 5: BHP Financials Summary: EPS up 42.7% to $2.24 in FY2021

Net profit was up 42.1% from $8 billion in FY2020 to $11.3 billion in FY2021. Earnings Per Share (EPS) was up 42.7% from $1.57 in FY2020 to $2.24 in FY2021. Year ended Jun FY2021 FY2020 FY2019 Sales ($ B) 60.8 42.9 44.3 Pretax ($ B) 24.6 13.5 15 Net ($ B) 11.3 8 8.3 EPS ($) 2.24 1.57 1.603

www.BuySellSignals.com Page 3 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

Fig 6: PAST WEEK: STRONG MOMENTUM DOWN - BHP decreases 3.6% exacerbated by week's volume 2.4 times average

BHP Group (BHP) underperformed the The Bank of New York Mellon Composite ADR Index in 4 out of 5 days. The price ranged between a high of $55.07 on Monday Sep 27 and a low of $52.56 on Tuesday Sep 28. Close Chang RPC % Sep BHP Group ADR Comment [$] e % * Wed 22 Rises for a second consecutive day, a two-day rise of 1.8% 55 0.8 -0.2 VI*=2.3 Thu 23 Offers 7th highest dividend yield in Bank of New York 55.05 0.1 -0.9 VI*=3.5 Mellon Composite ADR Index, despite price rise Fri 24 Closes at 9.1% below VWAP on strong volume 54.53 -0.9 -0.1 VI*=1.7 Mon 27 Offers 6th highest dividend yield in Bank of New York 55.07 1.0 0.3 Week-high of 55.07; Top Mellon Composite ADR Index, despite price rise Rise; VI*=1.8 Tue 28 Offers 29th lowest Price Earnings in Bank of New York 52.56 -4.6 -2.3 Week-low of 52.56; Mellon Composite ADR Index, after price drop Steepest Fall; VI*=2.98

* RPC - Relative Price Change is % price change of stock less % change of the The Bank of New York Mellon Composite ADR Index. [Volume Index (VI); 1 is average]

The Past Quarter: Regulatory Announcements

Fig 7: Dividends

August 18: BHP Group announces dividend BHP Group today announced a cash dividend of $4.0 per share. The ex-dividend date is Thursday, September 02, 2021 and the record date is Friday, September 03, 2021 and it is payable on Tuesday, September 21.

Fig 8: Outlook

September 10: BHP : Outlook Outlook Economic outlook We remain positive in our outlook for long-term global economic growth and commodity demand. Population growth, the infrastructure of decarbonisation and rising living standards are all expected to drive demand for energy, metals and fertilisers for decades to come. The outlook for the short term remains uncertain. While momentum towards recovery remains intact across many key regions, vigilance with respect to COVID-19 risks is still a constant for all. Inflation trends and exchange rates have been volatile. In our business specifically, many commodity-linked uncontrollable costs have moved higher. For some of our assets, constraints on the free movement of parts of our workforce are creating localised shortages and associated cost increases. While this situation persists, operational risks will be elevated. Source: Annual report

www.BuySellSignals.com Source: Company Website Page 4 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

Fig 9: Bagger

Wed Sep 22, 2021 Ken MacKenzie was appointed Director of BHP (ASX:BHP) five years ago on September 22, 2016. The present value of AUD1,000 (PV1000) invested on the appointment date is $A3,659, for a capital gain of $A1,514 and dividend reinvested of $A1,145. In the same period the shares were up 151.4% from $A15.4 to $A38.7.

Fig 10: Appointment

Thu Sep 02, 2021 BHP will appoint Michelle Hinchliffe as Independent Non-Executive Director. The appointment takes effect from Mar 01, 2022.

Tue Jul 06, 2021 BHP will appoint John Paul Santamaria as Company Secretary. The appointment takes effect from Jul 07, 2021.

Q2/2021 Institutional Shareholder Activity

482 Institutional shareholders Jun 30, 2021 in xls

Fig 11: Top 20 Institutional Shareholders of BHP Group as at June 30, 2021

Quotes from Legends: Institutional Ownership As at June 30, 2021, 482 Institutions held investments in BHP Group. Institutions decreased their holdings to 5.51% of issued capital, down from 6.03% as at Mar 31. The Volume Weighted Average Price (VWAP) of BHP Group was $74.3 for Q2/2021. The purchase value is estimated at that price. The largest shareholder was HARDING LOEVNER LP with 1.1% of BHP Group. The second largest shareholder was Fisher Asset Management, LLC with 0.56%. *Note: Minimum Core Shareholding is computed on the basis of SEC filings over the last 12 quarters (3 years). A higher % of shareholding above the minimum core holding may be indicative of a potential positioning by the institution to overweight. INSTITUTIONAL SHAREHOLDERS - CATEGORISED AND COMPLETE LIST OF 482 INSTITUTIONS AS AT June 30, 2021; see sheet 2 (in desc order of holdings):

Top 20 Institutions (in desc order of ADRs) Minimum % Above Min Institution (CIK) ADRs Holding % Value $ Core Core Holding* Holding* HARDING LOEVNER LP (0000928196) 15,643,194 1.1 1.1 B 4,757,583 229 Fisher Asset Management, LLC (0000850529) 8,169,038 0.56 595 M 6,474,353 26.2 FMR LLC (0000315066) 5,340,492 0.36 388.9 M 22,525 23,609 GOLDMAN SACHS GROUP INC (0000886982) 5,252,521 0.36 382.5 M 3,025,039 74 UBS Group AG (0001610520) 5,187,370 0.35 377.8 M 886,470 485 BANK OF AMERICA CORP /DE/ (0000070858) 5,012,934 0.34 365.1 M 2,499,017 101 CITIGROUP INC (0000831001) 2,610,900 0.18 190.2 M 287,511 808 MORGAN STANLEY (0000895421) 1,867,717 0.13 136 M 912,255 105 PARAMETRIC PORTFOLIO ASSOCIATES LLC 1,818,461 0.12 132.4 M 1,495,947 21.6 (0000932859) NORTHERN TRUST CORP (0000073124) 1,645,471 0.11 119.8 M 1,461,208 12.6 BuySellSignals On-demand Stock Research Report - PDF: Every stock, Every market Bullish and bearish signals and parameters use algorithms based on application of investment wisdom from legends. Click on the links provided in Page 1 to export data. For details and samples of Product Suite visit www.bstfund.com For any enquiries, please email: [email protected]

www.BuySellSignals.com Source: Company Website, SEC Filings Page 5 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

LAZARD ASSET MANAGEMENT LLC (0001207017) 1,360,161 0.09 99.1 M 1,360,161 0 ROYAL BANK OF CANADA (0001000275) 1,324,868 0.09 96.5 M 333,535 297 BlackRock Inc. (0001364742) 1,307,920 0.09 95.3 M 76,816 1,603 Neuberger Berman Group LLC (0001465109) 1,241,862 0.08 90.4 M 792,104 57 DIMENSIONAL FUND ADVISORS LP (0000354204) 1,084,534 0.07 79 M 808,625 34.1 WELLS FARGO & COMPANY/MN (0000072971) 841,705 0.06 61.3 M 493,109 71 Westwood Global Investments, LLC 802,435 0.05 58.4 M 451,678 78 (0001356513) AMERIPRISE FINANCIAL INC (0000820027) 649,954 0.04 47.3 M 116,583 458 BANK OF MONTREAL /CAN/ (0000927971) 641,184 0.04 46.7 M 54,721 1,072 MARSHALL WACE, LLP (0001318757) 621,566 0.04 45.3 M 2,960 20,899 % Held by Top 20 Institutional shareholders 62,424,287 4.2 4.5 B

Fig 12: Top 10 Increases in ADRs held by Institutions June 30, 2021 vs March 31, 2021

187 Institutional shareholders increased their holdings in Q2/2021. This was lower than 212 increases in Q1/2021; a bearish parameter. See full list of 187 Institutions who increased their shareholdings in Sheet 3. INSTITUTIONAL SHAREHOLDERS - CATEGORISED AND COMPLETE LIST OF 482 INSTITUTIONS AS AT June 30, 2021: Morgan Stanley increased their shareholding in BHP Group by 805,136 ADRs worth $ 59.8 million at VWAP of $74.3 for Q2/2021. Goldman Sachs Group increased their shareholding by 410,574 ADRs worth $ 30.5 million.

Top 10 Increases (in desc order of ADRs) Institution (CIK) Increase in ADRs Increase Value, $ Morgan Stanley (0000895421) 805,136 59.8 M Goldman Sachs Group (0000886982) 410,574 30.5 M Marshall Wace (0001318757) 353,452 26.2 M Citadel Advisors (0001423053) 305,821 22.7 M Bank of Montreal (0000927971) 281,404 20.9 M Fisher Asset Management (0000850529) 187,439 13.9 M Royal Bank of Canada (0001000275) 180,419 13.4 M SG Americas Securities (0001313360) 176,064 13.1 M Connor, Clark & Lunn Investment Management (0001596800) 172,883 12.8 M Schonfeld Strategic Advisors (0001665241) 121,799 9 M

Fig 13: Top 10 Decreases in ADRs held by Institutions June 30, 2021 vs March 31, 2021

103 Institutional shareholders decreased their holdings in Q2/2021. This was higher than 102 decreases in Q1/2021; a bearish parameter. See full list of 103 Institutions who decreased their shareholdings in Sheet 4. INSTITUTIONAL SHAREHOLDERS - CATEGORISED AND COMPLETE LIST OF 482 INSTITUTIONS AS AT June 30, 2021: Bank of America reduced their shareholding in BHP Group by 4.9 million ADRs worth $ 362.8 million at VWAP of $74.3 for Q2/2021. Renaissance Technologies reduced their shareholding by 694,063 ADRs worth $ 51.5 million.

Top 10 Decreases (in desc order of ADRs)

www.BuySellSignals.com Source: SEC Filings Page 6 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Institution (CIK) Decrease in ADRs Decrease Value, $ Bank of America (0000070858) 4,885,468 (362.8 M) Renaissance Technologies (0001037389) 694,063 (51.5 M) CQS (US) (0001447946) 529,357 (39.3 M) Bowen Hanes & Co (0001077583) 399,605 (29.7 M) Cohen Investment Advisors (0001845081) 224,463 (16.7 M) Northern Trust (0000073124) 220,689 (16.4 M) FMR (0000315066) 204,121 (15.2 M) Deutsche Bank (0000948046) 189,395 (14.1 M) Neuberger Berman Group (0001465109) 166,385 (12.4 M) Clark Capital Management Group (0001352187) 120,582 (9 M)

Fig 14: Top 10 New Entrants

BHP Group - New Entrants: Institutional shareholders as at June 30, 2021. The value is estimated at VWAP $74.3 for Q2/2021. See full list of 56 New Entrants in Sheet 5. INSTITUTIONAL SHAREHOLDERS - CATEGORISED AND COMPLETE LIST OF 482 INSTITUTIONS AS AT June 30, 2021:

Top 10 New Entrants (in desc order of ADRs) Institution (CIK) ADRs Value, $ Fullerton Fund Management Co Ltd. (0001592746) 73,579 5.4 M Telemark Asset Management, LLC (0001420816) 70,000 5.1 M Amundi (0001330387) 52,465 3.8 M THOMPSON SIEGEL & WALMSLEY LLC (0001008322) 45,000 3.3 M Proquility Private Wealth Partners, LLC (0001844911) 43,323 3.2 M Uniplan Investment Counsel, Inc. (0001520710) 30,431 2.2 M Essex Financial Services, Inc. (0001315785) 24,766 1.8 M BBVA USA (0000844928) 19,842 1.4 M STONNINGTON GROUP, LLC (0001325261) 19,420 1.4 M RNC CAPITAL MANAGEMENT LLC (0000051762) 17,650 1.3 M

Fig 15: Drop Outs

There were no Drop Outs in Q2/2021 from the list of Institutional shareholders as at March 31, 2021.

Fig 16: Reported holdings of institutions as at June 30, 2021

Dec 31, Sep 30, Quarter Ended Jun 30 Mar 31 2020 2020 Market Value ($ Million) Reported Holdings of Institutions 5,902 6,153 4,374 3,212 % of issued capital 5.51 6.03 4.67 4.33

As at June 30, 2021 institutions had increased their holdings to 5.51% of issued capital, up from 4.33% nine months ago.

www.BuySellSignals.com Source: SEC Filings Page 7 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 News and Buzz

Source: Other Publishers Sep/Aug Headline Publisher Mon 27 BHP Group (BHP) Is A Buy According To Analysts marketingsentinel Tue 21 The Zacks Analyst Blog Highlights: Rio Tinto, BHP Group, Vale and Fortescue Metals YAHOO!Finance Group Wed 15 Wall Street Praises BHP Group (BBL) After Recent Earnings Report newsheater Thu 09 BHP Group (BHP) Is Sitting On A Potential Gold Mine stocksregister Tue 17 Understanding BHP Group s Unusual Options Activity Benzinga on MSN.com Tue 17 BHP Group Sells Oil And Gas Business To Woodside Petroleum For $28 Billion BayStreet

Please view more ADR Buzz stories in DATA DOWNLOAD CENTER

Bearish Signals

Fig 17: Rank in the bottom 6% by Relative Valuation in the International Depository Receipts market

Description Value Rank EV/EBITDA 4.0 In Bottom 6%

Short Selling

The current short volume is 1.3 times its own historical average of 0.1%.

Downtrend

The ADR traded at a fourteen-month low of $52.43 today. Price/Moving Average Price of 0.79 and negative MACD: • The Price/MAP 200 for BHP Group is 0.79. Being less than 1 is a bearish indicator. It is lower than the Price/MAP 200 for the Bank of New York Mellon Composite ADR Index of 0.97, a second bearish indicator. The stock is trading below both its MAPs and the 50-day MAP of $64.76 is lower than the 200-day MAP of $66.80, a third bearish indicator. The 200-day MAP has decreased to $66.80, a fourth bearish indicator. • The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 56.07 minus the 26-day EMA of 59.08 is negative, suggesting a bearish signal. Both the 12-day EMA as well as the 26-day EMA are falling, another bearish signal. • The price to 50-day EMAP ratio is 0.8, a bearish indicator. The 50-day EMAP has decreased to $62.36. A decrease is another bearish indicator. Past Month: • BHP Group stock was the ninth lowest performer in the Bank of New York Mellon Composite ADR Index.

Past Quarter:

www.BuySellSignals.com Page 8 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

The Worst 3 weeks in the past quarter The past month witnessed the worst 2 weeks in the past quarter. In the past quarter the steepest fall of 18.3% took place in the week beginning Monday August 16. The fall was exacerbated by volume of 3.2 times average. Mon-Fri Change % *Index Change % RPC % Vol Ind [1 is avg] Aug 16-20 -18.3 -4.3 -13.9 3.2 Sep 13-17 -8.7 -1.3 -7.5 1.9 Sep 06-10 -3.4 -2.2 -1.2 1.4

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

Overvaluation

Price/Earnings of 23.5 > sector avg of 11.0: • The price-to-earnings ratio of 23.5 indicates overvaluation compared with sector average of 11.0 and market average of 10.8.

Ongoing Bearish Parameters

Fig 18: Present Value of $1000 Invested in the Past 3 Months; The Worst Period with PV$1000 < 820

PV$1,000 3 mo ago BHP.N $819 Mining sector $821 Bank of New York Mellon Composite ADR Index $940

BHP Group slumps 17% in 2021 BHP Group Limited (N:BHP), slumped $10.96 (or 17.2%) year-to-date (YTD) in 2021 to close at $52.75 today. Compared with the Bank of New York Mellon Composite ADR Index which has risen 3.1% YTD, this is a relative price change of -20.3%.

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Fig 19: Past quarter: price fall of 23.1%

3-Month price change of -23.1% for BHP Group underperformed the change of -6% in the The Bank of New York Mellon Composite ADR Index for a relative price change of -17.1%. Price Change % Quarter BHP Group -23.1 Mining sector -17.9 The Bank of New York Mellon Composite ADR Index -6

Fig 20: Declining Volume, down 16% in 5 years

In the past five years, Average Daily Volume of Trading (ADVT) has decreased 16.2% to 2.4 million ADRs. Avg. Daily Volume Traded 12 months ended Sep 28, million ADRs Year ADVT 2021 2.4 2020 2.4 2019 2.3 2018 2.4 2017 2.9

Fig 21: Lagging Relative Strength

In the IDR market, the ADR's relative price strength percentile is Quotes from Legends: Relative Strength slipping at 54 for 6 months, 52 for 3 months and 52 for 30 days.

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Fig 22: % Change (Tr. 12 Mo): ADR (8.9%) v Index (21.1%)

In the past 12 months BHP Group has underperformed the The Bank of New York Mellon Composite ADR Index by 12.2%.

Fig 23: Past 12 Mo ADR Sector Index (%)

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Fig 24: Price < Moving Avg Price

In the last 30 days the 200-day Moving Avg Price has exceeded Quotes from Legends: Moving Average Price the ADR price on 21/21 days; a bearish signal.

Fig 25: Turnover Period Below Average

Fig 26: Rank in the The Bank of New York Mellon Composite ADR Index [out of 274 IDRs]

Description Value Rank PV$1000 (1Year) $ 1,193 142 % Change YTD -17.5 181

www.BuySellSignals.com Page 12 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Bullish Signals

Fig 27: Rank in the top 5% by Relative Valuation in the International Depository Receipts market

Description Value Rank Dividend Yield % 11.4% In Top 5%

Uptrend

Beta > 1 combined with price rise. The Beta of the ADR is 1.4.

Undervaluation

Earnings Yield • The earnings yield of 4.3% is 2.8 times the 10-year bond yield of 1.51%. Dividend Yield: BHP Group stock is the seventh highest dividend yielding stock in the Bank of New York Mellon Composite ADR Index. The Dividend Yield of 11.4% is better than the Index average of 2.4% • The relative yield of the ADR, defined by its yield of 11.4%, divided by average yield of dividend yielding ADRs in the Bank of New York Mellon Composite ADR Index of 2.4% is 473.1%. This suggests the ADR is undervalued in dividend yield terms. MCap/Total Assets: • Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.7. Compared with the rest of the market the ADR is undervalued.

Other Bullish Signals

• Return on Equity of 24.2% versus sector average of 13.1% and market average of 6.1%. • Total Liabilities/EBITDA of 2.1 is less than 5, this compares favourably with the Joseph Piotroski benchmark of 5. • Return on Assets of 12.3% versus sector average of 6.0% and market average of 1.4%. • Return on Capital Employed of 28.1% versus sector average of 14.2% and market average of 2.8%. • Interest cover defined by EBIT/I is 18.9 times. This indicates it is less leveraged. • Net profit margin has averaged 21.3% in the last 3 years. This is considered superior and suggests a high margin of safety. • As per the Du Pont analysis, Return on Equity is high at 24.2%. This is computed as net profit margin of 22.1% times asset turnover [sales/assets] of 0.56 times leverage factor [total assets/shareholders' equity] of 2.0.Also, this has improved from 16.7% last year. ROE (%) Profit Margin (%) Asset Turnover Leverage factor Current Year 24.2 22.1 0.56 2.0 Previous Year 16.7 20.3 0.41 2.0

Oversold/Bullish Signals

• The Relative Strength Index (RSI) of 19.6 has breached the oversold line of 30, suggesting the price decrease of 13% in the last 14 days is unusually high. • The ADR is oversold according to the Williams % R indicator of -98.6, suggesting the price is close to its 14-day low of $52.43.

www.BuySellSignals.com Page 13 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Ongoing Bullish Parameters

Fig 28: Past four-years

• BHP Group rose for a fourth consecutive year. In the past four years it has risen $22.04 (72.2%).

Fig 29: Rank in the top 6% by Size in the International Depository Receipts market

Description Value Rank Ave daily Turnover $381.1 million In Top 3% MCap $77.3 billion In Top 6%

Fig 30: Rank in the top 22% by Gearing in the International Depository Receipts market

Description Value Rank Interest Cover 18.9 In Top 22%

Fig 31: Rank in the top 16% by Performance in the International Depository Receipts market

Description Value Rank EBITDA Margin % 42.7 In Top 11% Net Profit Margin % 22.1 In Top 16%

Fig 32: Rank in the top 10% by Productivity in the International Depository Receipts market

Description Value Rank Return on Capital Employed [ROCE] % 28.1 In Top 4% Return on Assets [ROA] % 12.3 In Top 9% Return on Equity [ROE] % 24.2 In Top 10%

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Fig 33: Present Value of $1000 Invested in the Past [1 Yr, 3 Yrs]; The Best Periods with PV$1000 > 1,192

PV$1,000 1 yr ago 3 yrs ago BHP.N $1,193 $1,730 Mining sector $1,207 $1,188 Bank of New York Mellon Composite ADR Index $1,192 $1,102

BHP Group increases 9% in past year BHP Group Limited (N:BHP), increased $4.48 (or 9.3%) in the past year to close at $52.75 today. Compared with the Bank of New York Mellon Composite ADR Index which has risen 21.1% over the same period, this is a relative price change of -11.8%.

BHP Group advances 119% in 5 years BHP Group Limited (N:BHP), has advanced $28.63 (or 118.7%) in the past five years to close at $52.75 today. Compared with the Bank of New York Mellon Composite ADR Index which has risen 24.4% over the same period, this is a relative price increase of 94.3%.

Fig 34: Past 3 years: price rise of 33.7%

3-Year price change of 33.7% for BHP Group outperformed the change of 9.2% in the The Bank of New York Mellon Composite ADR Index for a relative price change of 24.4%. Price Change % 3 Years BHP Group 33.7 Mining sector 18.9 The Bank of New York Mellon Composite ADR Index 9.2

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Fig 35: Moving Annual Return of 21.3% in the past year

Moving Annual Return was 21.3% in the past year. Based on a Quotes from Legends: Annual Return dynamic start date of 5 years ago, the real rate of return has averaged 26.1%. The Moving Annual Return has consistently exceeded 16%. Close Dividen Capital % Annual BHP ($) ds ($) Gain % Yield Return % Sep 28 52.56 6.02 8.9 12.5 21.3 1 Yr ago 48.27 2.4 11.2 5.5 16.8 2 Yrs ago 43.4 4.7 10.4 12 22.3 3 Yrs ago 39.32 2.36 28.7 7.7 36.4 4 Yrs ago 30.56 1.66 26.7 6.9 33.6

Close 5 years ago $24.12

Fig 36: MCap: 5-Year Increase of $25 billion (47%)

In the past 5 years Market Capitalization has increased by $24.9 billion (47%) from $52.4 billion to $77.3 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 2 out of 5 years. Price MCap ($ B) Last $52.56 77.3 1 Year ago $48.27 77.5 2 Years ago $43.40 73.2 3 Years ago $39.32 79.8 4 Years ago $30.56 65.3 5 Years ago $24.12 52.4

Fig 37: Buybacks and 5-Years Decrease of 5% in Total Shares on Issue

In the past 5 years total shares on issue have decreased by 265 million (5%) 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 Issue FY Buybacks Buyback % 2021 5,057,000,000 2021 2020 5,057,000,000 2020 2019 5,180,000,000 2019 143,000,000 2.7% 2018 5,323,000,000 2018 2017 5,323,000,000 2017 2016 5,322,000,000 2016

www.BuySellSignals.com Page 16 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Total 143,000,000 Average per FY 23,833,333

Fig 38: EPS growth [FY2021 vs FY2020] of 42.7%

FY EPS ($) Growth % 2021 2.24 42.7 2020 1.57 -2.1

Fig 39: Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 19.2%

TSR % 1 yr 3 yrs 5 yrs BHP.N 19.3 19.8 26.1

Fig 40: P/E/G < 1

The price earnings ratio of 23.5 divided by trailing twelve months Quotes from Legends: P/E/G < 1 eps growth of 42.7% corresponds to an attractive P/E/G of 0.6 times; being less than the value benchmark of 1.0. EPS Growth (%) 42.68 P/E/G 0.55 P/E 23.46

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Fig 41: Improved EBIT Margins

EBIT margin is positive and has increased from 34.4% to 42.7% in Quotes from Legends: EBIT Margin the past year. FY EBIT Margins (%) 2021 42.7 2020 34.4 2019 37.4 2018 37.8 2017 30.8

Fig 42: Safe Interest Cover and Improving

Interest cover of 18.9 is above a safe benchmark figure of 3. Moreover, it has shown steady improvement in the past three years. Years Interest cover 2021 18.85 2020 11.71 2019 10.97 2018 10.41

Fig 43: Low Debt to Equity (%) and Reducing

The debt to equity ratio of 38.0% is under a safe benchmark Quotes from Legends: Debt to Equity figure of 50%. Moreover, it has improved from 52.3% a year ago. Years Debt to Equity (%) Jun 2021 37.97 Jun 2020 52.27 Jun 2019 48.15 Jun 2018 44.41 Jun 2017 47.23

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Fig 44: Increased VWAP, up 124% in 5 years

In the past five years Volume Weighted Average Price (VWAP) has increased by 123.8% to $62.43. . Past five years, 12 months ended Sep 28 (USD) Year High Price VWAP Low Price 2021 77.04 62.43 42.93 2020 52.37 41.11 26.73 2019 49.87 41.57 34.65 2018 40.64 35.66 30.3 2017 33.36 27.9 24.63

Fig 45: Increased ADR turnover, up 86% in 5 years

In the past five years, average daily ADR turnover has increased 86.0% to $152.1 million. This suggests increased liquidity. Past five years, 12 months ended Sep 28 (USD million) Year Average Daily Turnover 2021 152.1 2020 98.3 2019 94.2 2018 86.4 2017 81.8

Fig 46: Satisfies five criterion of Benjamin Graham

• "An earnings-to-price yield of at least twice the triple-A bond"; the stock's earning yield of 4.3% is 2.8 times the triple-A bond yield of 1.5%. • The P/E of 23.5 is 0.3 times the highest average P/E of 70 in the last five years. This is a value criterion, according to Benjamin Graham who described as a value criterion "A P/E ratio down to less than four-tenth of the highest average P/E ratio the stock attained in the most recent five years". • "A dividend yield of at least two-thirds the triple-A bond yield"; the stock's dividend yield is 7.6 times the triple-A bond yield of 1.5%. • "Total debt less than tangible book value"; total debt of USD21.1 billion is less than tangible book value of USD54.2 billion.- "Earnings growth over the most recent ten years of 7% compounded - that is a doubling of earnings in a five-year period"; the earnings per share have more than doubled in the last 5 years. • "Stability of growth in earnings over the last 5 years, defined as no more than two declines of 5% or greater in year-end earnings";there has been only 1 decline in earnings in the last 5 years.

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Fig 47: Satisfies 7 out of 9 criterion of Joseph Piotroski [pass mark 5]

• Positive net income. • Positive operating cashflow. • Return on Assets improvement [from 8.3% to 12.3%]. • Good quality of earnings [operating cashflow exceeds net income]. • Improvement in current ratio from 1.4 to 1.6. • Total shares on issue unchanged. • Improvement in asset turnover [growth in revenue of 41.7% exceeded growth in assets of 3%].

Fig 48: Rank in the The Bank of New York Mellon Composite ADR Index [out of 274 IDRs]

Description Value Rank MCap ($ B) 77.3 29 Total Assets ($ B) 108.9 43 Revenue ($ B) 60.8 20 Net Profit ($ B) 11.3 8 Return on Equity % 24.2 15 Net Profit Margin % 22.1 14 Price to Book 1.4 50 Price Earnings 23.5 43 Yield % 11.4 7

Corporate Profile and Independent Ratings

Fig 49: 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 2nd largest Mining company by market capitalisation.

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Fig 50: Independent Ratings

Top 100 Polluters: According to environmental non-profit Carbon Disclosure Project (CDP) just 100 companies have been the source of more than 70% of the world's greenhouse gas emissions from 1988 to 2015. The CDP ranked BHP Group Limited 20 [rank 1 is worst] in the top 100 polluters. BHP Group Limited contributed .91% of global industrial greenhouse gas emissions in that period. Fortune 500: It was ranked 350 by total revenues in the Fortune 500 annual list for 2017; a deterioration over a year from rank 168 in 2016. Newsweek 500: It was ranked 226 by Newsweek and Corporate Knights Capital in the World's 500 Greenest Companies 2016. It had outstanding scores of 7.5% in Waste productivity, 7.3% in Water productivity and 5.2% in Carbon productivity. Industryweek 1000: It is a new entrant in the Industry Week list of the world's largest 1000 manufacturers by Revenues in 2016, ranked 77. Top 40 Miners: It is the largest by MCap among the PwC Top 40 Miners. PwC 100: It was ranked 54 by MCap as at March 31, 2015 by PwC in the Top 100 Global companies; a deterioration over 6 years from rank 19 as at March 31, 2009. Forbes 2000: It is the 130th largest by revenue in the Forbes Global 2000. FT 500: It is the 76th largest by revenue in the FT Global 500. IHS Energy 50: It was ranked 44 in IHS Energy's list of Top 50 Energy Companies 2013; a deterioration over a year from rank 23 in 2012.

Fig 51: Contact Details

Website http://www.bhpbilliton.com Physical Address 180 Lonsdale Street Melbourne, VIC 3000 Australia Phone 61-1300-554757 Fax 61-3-96093015

Fig 52: Industry & Sector

Classification Level Name of Sector Business Sector Mineral Resources Industry Group Metals & Mining Economic Sector Basic Materials

www.BuySellSignals.com Page 21 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Financials FY 2021, H1/2020, Past 7 Years

Fig 53: Financials, FY 2021

BHP Net Profit up 42.1% Release Date: September 08, 2021 BHP (ASX:BHP) reported net profit for the year-ended 30 June 2021 [FY2021] of $11.3b, up 42.1% from $8.0b in the previous year [FY2020]. Earnings per share (EPS) were up 42.7% from $1.57 in FY2020 to $2.24 in FY2021.

Major changes compared with previous year (FY2021 vs FY2020): Favourable Changes: • Net profit up 42.1% from $8.0b to $11.3b • Sales revenue up 41.7% from $42.9b to $60.8b • EBIT Margin up from 34.4% to 42.7% • Interest cover up 61% from 11.7 to 18.9 • EBIT to total assets up from 14.0% to 23.8% • Total revenue to total assets up from 0.4 to 0.6 • Profit before tax to Sales up from 31.5% to 40.5% • Interest expenses to Sales down from 2.9% to 2.3% • Debt to Equity down 26.9% from 0.5 to 0.4 • Current ratio up 12.4% from 1.4 to 1.6 • Working capital to total assets up from 6.3% to 9.4% • Retained earnings to total assets up from 41.0% to 43.0% • Total current assets to Total Assets up from 20.3% to 24.5% • Current Debtors to Total Assets up from 3.2% to 5.6% • Total Liabilities to EBITDA of 2.0 compares favourably with the Joseph Piotroski benchmark of <5. This ratio has improved by 43.5% from the previous year's ratio of 3.6. • Total Liabilities to Operating Cash Flow of 2.0 compares favourably with the Joseph Piotroski benchmark of <4. This ratio has improved by 42.5% from the previous year's ratio of 3.4. • Net tangible assets per share up 7.1% from $9.98 to $10.69 Unfavourable Changes: • Interest revenue to Sales down from 0.8% to 0.1% • Total non-current assets to Total Assets down from 79.7% to 75.5% Note: • Total liabilities to Total assets steady at 0.5 • Fixed Assets to Total Assets down from 68.4% to 67.8% • Current Inventory to Total Assets up from 3.9% to 4.1%

Fig 54: Annual growth in Revenue, Net Profit and EPS

www.BuySellSignals.com Source: Annual/Quarterly Report Page 22 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Year-ended 30 June [FY/2021] 30 June [FY/2020] Revenue, $ Billion 60.8 42.9 Growth in Revenue % 41.7 -3.1 Net Profit, $ Billion 11.3 8.0 Growth in Net Profit % 42.1 -4.2 EPS, $ 2.24 1.57 Growth in EPS % 42.7 -2.1

Fig 55: Year-on-year comparison of Performance Ratios [FY2021 vs FY2020]

June 30 FY2021 FY2020 Change (%) Return on Equity (%) 24.2 16.7 Up 44.9 Return on Assets (%) 12.3 8.3 Up 48.2 Total debt to net tangible assets (%) 39 53.9 Down 27.6 Debt/Equity 0.4 0.5 Down 26.9 Total Liabilities/Total Assets (Down 3.9% from 0.51 to 0.49) 0.5 0.5 Down 3.9 Interest Cover 18.9 11.7 Up 61 Current Ratio 1.6 1.4 Up 12.4 Common Size Ratios by Assets % Total non-current assets to Total Assets 75.5 79.7 Down 5.3 Fixed Assets to Total Assets 67.8 68.4 Down 0.9 Total current assets to Total Assets 24.5 20.3 Up 20.6 Current Debtors to Total Assets 5.6 3.2 Up 76.0 Current Inventory to Total Assets 4.1 3.9 Up 5.7 Common Size Ratios by Sales % Profit before tax to Sales 40.5 31.5 Up 28.7 Interest expenses to Sales 2.3 2.9 Down 21.8 Interest revenue to Sales 0.1 0.8 Down 87.8 Tax expenses to Sales (18.3) (11.1) Down 64.6

Three-year record of growth and performance: In the last 3 years Total Revenue averaged $49.3B, EBITDA averaged $19.1B and Net Profit averaged $9.2B. Compound Annual Growth Rate (CAGR) averaged 12.1% for Total Revenue, 45.0% for Net Profit and 16.8% for EBITDA. Description Annual ($ B) 3-year Avg ($ B) 3-year CAGR % Total Revenue 60.8 49.3 12.1 EBITDA 26 19.1 16.8 Operating Profit 26 19.1 16.8 Net Profit 11.3 9.2 45

Three-year record of EBITDA, Operating Profit, Net Profit, ROE, ROA and ROCE In 2021 Net Profit Margin of 22.1% was above its 3-year Avg of 21.3% (All Figures in %)

www.BuySellSignals.com Source: Annual/Quarterly Report Page 23 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Description 2021 3-year Avg EBITDA Margin 42.7 38.2 Operating Profit Margin 42.7 38.2 Net Profit Margin 22.1 21.3 Return on Equity 24.2 19.8 Return on Assets 12.3 10 Return on Capital Employed 28.1 21

Fig 56: Financials as reported (FY 2021)

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

Fig 57: INCOME STATEMENT AS REPORTED (FY 2021)

Description $ Million $ Million Jun 30 2021 2020 Change % Continuing operations Revenue 60,817 42,931 Up 41.7 Other income 510 777 Down 34.4 Expenses excluding net finance costs -34,500 -28,775 Deterioration 19.9 Loss from equity accounted investments related impairments -921 -512 Deterioration 79.9 and expenses Profit from operations 25,906 14,421 Up 79.6 Financial expenses -1,378 -1,262 Deterioration 9.2 Financial income 73 351 Down 79.2 Net finance costs -1,305 -911 Deterioration 43.2 Profit before taxation 24,601 13,510 Up 82.1 Income tax expense -10,921 -4,708 Deterioration 132.0 Royalty-related taxation (net of income tax benefit) -229 -66 Deterioration 247.0 Total taxation expense -11,150 -4,774 Deterioration 133.6 Profit after taxation from Continuing operations 13,451 8,736 Up 54.0 Discontinued operations Loss after taxation from Discontinued operations Profit after taxation from Continuing and Discontinued 13,451 8,736 Up 54.0 operations Attributable to non-controlling interests 2,147 780 Up 175.3 Attributable to BHP shareholders 11,304 7,956 Up 42.1 Basic earnings per ordinary share (cents) 223.5 157.3 Up 42.1 Diluted earnings per ordinary share (cents) 223 157 Up 42.0 Basic earnings from Continuing operations per ordinary share $2.24 $1.57 Up 42.7 (cents)

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Diluted earnings from Continuing operations per ordinary share $2.23 $1.57 Up 42.0 (cents) Weighted average number of shares (Million) Basic 5,057,000,000 5,057,000,000 Steady Diluted 5,068,000,000 5,069,000,000 Down

Fig 58: BALANCE SHEET AS REPORTED (FY 2021)

Description $ Million $ Million Jun 30 2021 2020 Change % ASSETS Current assets Cash and cash equivalents 15,246 13,426 Up 13.6 Trade and other receivables 6,059 3,364 Up 80.1 Other financial assets 230 84 Up 173.8 Inventories 4,426 4,101 Up 7.9 Assets held for sale 324 Current tax assets 279 366 Down 23.8 Other 129 130 Down 0.8 Total current assets 26,693 21,471 Up 24.3 Non-current assets Trade and other receivables 337 267 Up 26.2 Other financial assets 1,610 2,522 Down 36.2 Inventories 1,358 1,221 Up 11.2 Property plant and equipment 73,813 72,362 Up 2.0 Intangible assets 1,437 1,574 Down 8.7 Investments accounted for using the equity method 1,742 2,585 Down 32.6 Deferred tax assets 1,912 3,688 Down 48.2 Other 25 43 Down 41.9 Total non-current assets 82,234 84,262 Down 2.4 Total assets 108,927 105,733 Up 3.0 LIABILITIES Current liabilities Trade and other payables 7,027 5,767 Up 21.8 Interest bearing liabilities 2,628 5,012 Down 47.6 Liabilities directly associated with the assets held for sale 17 Other financial liabilities 130 225 Down 42.2 Current tax payable 2,800 913 Up 206.7 Provisions 3,696 2,810 Up 31.5 Deferred income 105 97 Up 8.2 Total current liabilities 16,403 14,824 Up 10.7 Non-current liabilities

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Trade and other payables 1 Interest bearing liabilities 18,355 22,036 Down 16.7 Other financial liabilities 1,146 1,414 Down 19.0 Non-current tax payable 120 109 Up 10.1 Deferred tax liabilities 3,314 3,779 Down 12.3 Provisions 13,799 11,185 Up 23.4 Deferred income 185 210 Down 11.9 Total non-current liabilities 36,919 38,734 Down 4.7 Total liabilities 53,322 53,558 Down 0.4 Net assets 55,605 52,175 Up 6.6 EQUITY Share capital - BHP Group Limited 1,111 1,111 Steady Share capital - BHP Group Plc 1,057 1,057 Steady Treasury shares -33 -5 Deterioration 560.0 Reserves 2,350 2,306 Up 1.9 Retained earnings 46,779 43,396 Up 7.8 Total equity attributable to BHP shareholders 51,264 47,865 Up 7.1 Non-controlling interests 4,341 4,310 Up 0.7 Total equity 55,605 52,175 Up 6.6

Fig 59: CASH FLOW AS REPORTED (FY 2021)

Description $ Million $ Million Jun 30 2021 2020 Change % Operating activities Profit before taxation 24,601 13,510 Up 82.1 Adjustments for: Depreciation and amortisation expense 6,824 6,112 Up 11.6 Impairments of property plant and equipment financial assets 2,635 494 Up 433.4 and intangibles Net finance costs 1,305 911 Up 43.2 Loss from equity accounted investments related impairments 921 512 Up 79.9 and expenses Other 348 720 Down 51.7 Changes in assets and liabilities: Trade and other receivables -2,723 291 Deterioration Inventories -447 -715 Improved 37.5 Trade and other payables 1,201 -755 Recovery Provisions and other assets and liabilities 501 1,188 Down 57.8 Cash generated from operations 35,166 22,268 Up 57.9 Dividends received 753 137 Up 449.6 Interest received 97 385 Down 74.8

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Interest paid -771 -1,225 Improved 37.1 (Settlements)/proceeds of cash management related -401 85 Deterioration instruments Net income tax and royalty-related taxation refunded 407 48 Up 747.9 Net income tax and royalty-related taxation paid -8,017 -5,992 Deterioration 33.8 Net operating cash flows from Continuing operations 27,234 15,706 Up 73.4 Net operating cash flows from Discontinued operations Net operating cash flows 27,234 15,706 Up 73.4 Investing activities Purchases of property plant and equipment -6,606 -6,900 Improved 4.3 Exploration expenditure -514 -740 Improved 30.5 Exploration expenditure expensed and included in operating 430 517 Down 16.8 cash flows Investment in subsidiaries operations and joint operations net -480 of cash Net investment and funding of equity accounted investments -578 -618 Improved 6.5 Proceeds from sale of assets 197 265 Down 25.7 Other investing -294 -140 Deterioration 110.0 Net investing cash flows from Continuing operations -7,845 -7,616 Deterioration 3.0 Net investing cash flows from Discontinued operations Proceeds from divestment of Onshore US net of its cash Net investing cash flows -7,845 -7,616 Deterioration 3.0 Financing activities Proceeds from interest bearing liabilities 568 514 Up 10.5 Proceeds/(settlements) of debt related instruments 167 -157 Recovery Repayment of interest bearing liabilities -8,395 -2,047 Deterioration 310.1 Purchase of shares by Employee Share Ownership Plan (ESOP) -234 -143 Deterioration 63.6 Trusts Share buy-back - BHP Group Limited Dividends paid -7,901 -6,876 Deterioration 14.9 Dividends paid to non-controlling interests -2,127 -1,043 Deterioration 103.9 Net financing cash flows from Continuing operations -17,922 -9,752 Deterioration 83.8 Net financing cash flows from Discontinued operations Net financing cash flows -17,922 -9,752 Deterioration 83.8 Net increase/(decrease) in cash and cash equivalents from 1,467 -1,662 Recovery Continuing operations Net increase/(decrease) in cash and cash equivalents from Discontinued operations Proceeds from divestment of Onshore US net of its cash Cash and cash equivalents net of overdrafts at the beginning 13,426 15,593 Down 13.9 of the financial year Foreign currency exchange rate changes on cash and cash 353 -505 Recovery equivalents Cash and cash equivalents net of overdrafts at the end of the 15,246 13,426 Up 13.6 financial year

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Fig 60: Half-Yearly Financials

BHP reports 20.4% fall in Half-Yearly Net Profit Release Date: February 16, 2021 BHP (ASX:BHP), announced net profit of $3.9b for the half year-ended 31 December 2020, down 20.4% from the previous corresponding period.

Half-Yearly Report (H1 2020) Compared with the Previous Corresponding Period [PCP; H/31 Dec 2019], year-over-year [y.o.y.] Revenue was up 15% and Net Profit was down 20.4%. Half year-ended 31 Dec 2020 31 Dec 2019 EPS, c 77 96 PCP growth in EPS % -19.8 -40.1 Revenue, $ PCP growth in Revenue % 15.0 -49.7 Net Profit, $ billion 3.9 4.9 PCP growth in Net Profit % -20.4 -41.4

Fig 61: Financials Past 7 Years

Description (June 30) 2021 2020 2019 2018 2017 2016 2015 Income Statement Revenue per share 12 8.47 8.53 8.08 6.79 5.81 8.5 EBITDA (B) 17.9 Depreciation (B) 9.2 EBIT (B) 26 14.8 16.6 16.3 (6.1) 8.8 Interest 1.4 B 1.3 B 1.5 B 1.6 B 1.2 B 702 M Profit before tax (B) 24.6 13.5 15 14.8 (7.3) 8.1 Tax (B) (11.2) (4.8) (5.5) (7) (4.4) (1.1) 3.7 Net profit (B) 11.3 8 8.3 3.7 5.9 (6.4) 1.9 EPS 2.24 1.57 1.6 0.7 1.11 (1.2) 0.36 Balance Sheet Equity Share Capital (B) 51.3 47.9 47.2 55.6 62.7 54.3 64.8 Retained Earnings (B) 46.8 43.4 42.8 51.1 52.6 49.5 60 Total Debt (B) 21.1 27.3 25 26.9 29.6 4.7 31.2 Total Assets (B) 108.9 105.7 100.9 112 117 119 124.6 Current Asset (B) 26.7 21.5 23.4 35.1 21.1 17.7 16.4 Fixed Asset (B) 73.8 72.4 68 67.2 80.5 84 94.1 Working Capital (B) 10.3 6.6 11 21.1 9.7 5.4 3.5 Cash Flow Operating Cash Flow (B) 27.2 15.7 17.9 18.5 16.8 10.6 19.3 Investing Cash Flow (B) (7.8) (7.6) 2.6 (5.9) (4.2) (7.2) (13.2) Financing Cash Flow (17.9 B) (9.8 B) (20.5 B) (10.9 B) (9.1 B) 284 M (8.3 B)

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Net Cash Flow 1.5 B (1.7 B) (50 M) 1.6 B 3.5 B 3.7 B (2.1 B)

Dividend

Fig 62: Dividend History Fig 63: Annual Dividends - Past 4 In the past 5 years annual dividends have increased by $4.4 from years (USD) $1.7 to $6.0. Based on a start date of 5 years ago, there has been only one decline in dividends over the last 5 years. Quotes from Legends: Dividends Trailing Twelve Months Date Value ($) Type 02 Sep 2021 4 Cash 04 Mar 2021 2.02 Cash Tr 12 Months 6.02 2019 - 2020 2.4 2018 - 2019 4.7 2017 - 2018 2.36 2016 - 2017 1.66

Board of Directors

Fig 64: Board and Management

Name Designation Since Appointment Mike Henry Chief Executive Officer 1 Yr, 9 Mos Ken MacKenzie Chairman, Director 5 Yrs Peter Beaven Chief Financial Officer 7 Yrs David Lamont Chief Financial Officer 10 Mos John Mogford Director Malcolm Broomhead Director 11 Yrs, 7 Mos Lindsay Maxsted Director 10 Yrs, 7 Mos Terry Bowen Director 3 Yrs, 12 Mos Gary Goldberg Director 1 Yr, 8 Mos Anita Frew Independent Director Shriti Vadera Independent Director 10 Yrs, 9 Mos Xiaqun Clever Independent Non-Executive Director 12 Mos

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Dion Weisler Independent Non-Executive Director 1 Yr, 4 Mos Ian Cockerill Independent Non-Executive Director 2 Yrs, 6 Mos Susan Kilsby Independent Non-Executive Director 2 Yrs, 6 Mos John Paul Santamaria Company Secretary 2 Mos Stefanie Wikinson Company Secretary 7 Mos

Fig 65: Profiles

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 Group: Since appointment as CEO: The present value of $1,000 invested on the appointment date of January 01, 2020 at close price of $47.71 is $1,153, including a capital gain of $102 and dividend reinvested of $52.

www.BuySellSignals.com Page 30 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

Ken MacKenzie (Chairman & Director)

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 Group: Since appointment as Chairman: The present value of $1,000 invested on the appointment date of September 01, 2017 at close price of $32.65 is $2,002, including a capital gain of $610 and dividend reinvested of $392.

David Lamont (CFO)

Peter Beaven (CFO) Experience: Peter was appointed Chief Financial Officer in October 2014. Previously he was the President of Copper and prior to that appointment in May 2013, President of Base Metals, President of Manganese, and Vice President and Chief Development Officer for Carbon Steel Materials. He has wide experience across a range of regions and businesses in BHP Billiton, UBS Warburg, Kleinwort Benson and PricewaterhouseCoopers. Peter holds a Bachelor of Accountancy from University of Natal, Pietermaritzburg, South Africa and is a Chartered Accountant. Shareholder Value: Creation of shareholder value in BHP Group: Since appointment as CFO: The present value of $1,000 invested on the appointment date of October 01, 2014 at close price of $43.21 is $1,715, including a capital gain of $216 and dividend reinvested of $498.

www.BuySellSignals.com Page 31 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

John Mogford (Director)

John has been a Director of BHP Group Limited and BHP Group Plc since October 2017. Skills and experience: John has extensive oil and gas knowledge and transformational strategy leadership experience, having worked in the oil and gas industry for over forty years. John spent the majority of his career in various leadership, technical and operational roles at BP Plc where he gained significant knowledge of upstream oil and gas assets and activities. More recently, John was the Managing Director and an Operating Partner of First Reserve, a large global energy focused private equity firm, from 2009 until 2015, during which he served on the boards of First Reserve's investee companies, including as Chairman of Amromco Energy LLC and White Rose Energy Ventures LLP. John is currently on the board of ERM Worldwide Group Limited, having retired from the boards of Weir Group Plc and one of First Reserve's portfolio companies, DOF Subsea AS, in 2018. Other directorships and offices (current and recent): Non-executive Director of ERM Worldwide Group Limited (since 2015). Former Non-executive Director of Network Rail Limited (from 2016 to 2017). Former Managing Director (from 2012 to 2015) and Operating Partner (from 2009 to 2012) of First Reserve Corporation. Former Non-executive Director of Midstates Petroleum Company Inc. (from 2011 to 2016). Former Non-executive Director of CHC Group Limited (from 2014 to 2015) and CHC Helicopters SA (from 2012 to 2015). Former Non-executive Director of DOF Subsea AS (from 2009 to 2018). Former Non-executive Director of Weir Group Plc (from 2008 to 2018). Board Committee membership: Chairman of the Sustainability Committee.

Lindsay Maxsted (Director)

Lindsay has been a Director of BHP Billiton Limited and BHP Billiton Plc since March 2011. Skills and experience: Lindsay is a corporate recovery specialist who has managed a number of Australia's largest corporate insolvency and restructuring engagements and, until 2011, continued to undertake consultancy work in the restructuring advisory field. He was the Chief Executive Officer of KPMG Australia between 2001 and 2007. Lindsay is the Board's nominated 'audit committee financial expert' for the purposes of the US Securities and Exchange Commission Rules, and the Board is satisfied that he has recent and relevant financial experience for the purposes of the UK Financial Conduct Authority's Disclosure and Transparency Rules and the UK Corporate Governance Code. Other directorships and offices (current and recent): Chairman of Westpac Banking Corporation (since December 2011) and a Director (since March 2008). Chairman of Transurban Group (since August 2010) and a Director (since March 2008). Director and Honorary Treasurer of Baker IDI Heart and Diabetes Institute (since June 2005). Board Committee membership: Chairman of the Risk and Audit Committee.

www.BuySellSignals.com Page 32 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

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 Group: Month of appointment: February 2020 In the last 1 years the average annualized return to shareholders was 19.3%. The present value of $1,000 (PV1000) invested 1 years ago is now $1,193, a gain of $89 and dividend reinvested of $104.

www.BuySellSignals.com Page 33 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

Malcolm Broomhead (Director)

Malcolm has been a Director of BHP Billiton Limited and BHP Billiton Plc since March 2010. Skills and experience: Malcolm has extensive experience in running industrial and mining companies with a global footprint and broad global experience in project development in many of the countries in which BHP Billiton operates. He was Managing Director and Chief Executive Officer of Orica Limited from 2001 until September 2005. Prior to joining Orica, Malcolm held a number of senior positions at North Limited, including Managing Director and Chief Executive Officer and, prior to that, held senior management positions with Halcrow (UK), MIM Holdings, Peko Wallsend and Industrial Equity. Other directorships and offices (current and recent): Chairman of Orica Limited (since January 2016). Chairman of Asciano Limited (since October 2009). Former Director of Coates Group Holdings Pty Ltd (from January 2008 to July 2013). Director of the Walter and Eliza Hall Institute of Medical Research (since July 2014). Board Committee membership: Member of the Sustainability Committee. Member of the Risk and Audit Committee.

Terry Bowen (Director) Terry has been a Director of BHP Group Limited and BHP Group Plc since October 2017. Skills and experience: Terry has significant experience across a range of diversified industries, with a very strong background in finance leadership roles. He served as an Executive Director and Finance Director of Wesfarmers Limited from 2009 to 2017, which included chairing a number of Wesfarmers' operating divisions over this time. Prior to this, Terry held various senior executive roles within Wesfarmers, including as Finance Director of Coles, Managing Director of Industrial and Safety and Finance Director of Wesfarmers Landmark. He also served as the inaugural Chief Financial Officer of Jetstar Airways Limited from 2003 to 2005 and before this, held senior finance roles over an 11 year career with Tubemakers of Australia Limited. Mr Bowen is a former Director of Gresham Partners, past President of the National Executive of the Group of 100 Inc. and former Director of the Harry Perkins Institute of Medical Research Incorporated. He is also the Head of the Operations Group at BGH Capital and a Director of Navitas Pty Limited and Transurban Group. Other directorships and offices (current and recent): Director of Transurban Group (since 2020). Director of Navitas Pty Limited (since 2019). Head of the Operations Group at BGH Capital (since 2018). Director of West Coast Eagles Football Club (since 2017). Former Executive Director and Finance Director of Wesfarmers Limited (from 2009 to 2017). Former Chairman of West Australian Opera Company Incorporated (from 2014 to 2017). Former Director of Gresham Partners Holdings Limited and Gresham Partners Group Limited (from 2009 to 2017). Former Director of the Harry Perkins Institute of Medical Research Incorporated (from 2010 to 2013). Former Chief Financial Officer of Jetstar Airways Limited (from 2003 to 2005). Board Committee memberships: Member of the Risk and Audit Committee. Shareholder Value: Creation of shareholder value in BHP Group: Month of appointment: October 2017 BuySellSignals On-demand Stock Research Report - PDF: Every stock, Every market Bullish and bearish signals and parameters use algorithms based on application of investment wisdom from legends. Click on the links provided in Page 1 to export data. For details and samples of Product Suite visit www.bstfund.com For any enquiries, please email: [email protected]

www.BuySellSignals.com Page 34 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

In the last 3 years the average annualized return to shareholders was 19.8%. The present value of $1,000 (PV1000) invested 3 years ago is now $1,730, a gain of $337 and dividend reinvested of $393.

Shriti Vadera (Independent Director)

Shriti has been a Director of BHP Group Limited and BHP Group Plc since January 2011 and the Senior Independent Director of BHP Group Plc since 14 August 2015. Skills and experience: Shriti brings wide-ranging experience in finance, economics and public policy as well as extensive experience of emerging markets and international institutions. Shriti is Chairman of Santander UK and was a Director of AstraZeneca from 2011 to 2018. She was an investment banker with S G Warburg / UBS from 1984 to 1999, on the Council of Economic Advisers, HM Treasury 1999 to 2007, Minister in the UK Department of International Development in 2007, Minister in the Cabinet Office and Business Department 2008 to 2009 with responsibility for dealing with the financial crisis, G20 Adviser 2009 to 2010, and advised Governments, banks and investors on the Eurozone crisis, banking sector, debt restructuring and markets from 2010 to 2014. Other directorships and offices (current and recent): Chairman of Santander UK (since March 2015). Former Director of AstraZeneca Plc (from January 2011 to December 2018). Former Trustee of Oxfam (from 2000 until 2005). Board Committee memberships: Member of the Nomination and Governance Committee. Member of the Remuneration Committee.

Anita Frew (Independent Director)

Anita has been a Director of BHP Group Limited and BHP Group Plc since September 2015. Skills and experience: Anita Frew has extensive board, strategy, marketing, governance and risk management experience in the chemicals, engineering, water and finance industries. She is the Chairman of Croda International Plc and Deputy Chairman of Lloyds Banking Group. She was until recently the Chairman of Victrex Plc, Senior Independent Director of Aberdeen Asset Management Plc and IMI Plc, and a Non-executive Director of Northumbrian Water. Other directorships and offices (current and recent): Director (since March 2015) and Chairman of Croda International Plc (since September 2015). Director (since 2010), Deputy Chairman (since December 2014) and Senior Independent Director (since May 2017) of Lloyds Banking Group Plc. Former Senior Independent Director of Aberdeen Asset Management Plc (from October 2004 to September 2014). Former Senior Independent Director of IMI Plc (from March 2006 to May 2015). Former Chairman of Victrex Plc (from 2008 to October 2014). Board Committee membership: Member of the Remuneration Committee. Member of the Risk and Audit Committee.

www.BuySellSignals.com Page 35 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

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 Group: 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 $47.32 is $1,198, including a capital gain of $111 and dividend reinvested of $88.

Dion Weisler (Independent Non-Executive Director) Shareholder Value: Creation of shareholder value in BHP Group: Since appointment as Independent Non-Executive Director: The present value of $1,000 invested on the appointment date of June 01, 2020 at close price of $43.30 is $1,236, including a capital gain of $214 and dividend reinvested of $22.

Xiaqun Clever (Independent Non-Executive Director) Shareholder Value: Creation of shareholder value in BHP Group: Since appointment as Independent Non-Executive Director: The present value of $1,000 invested on the appointment date of October 01, 2020 at close price of $46.99 is $1,118, for a capital gain of $118.

www.BuySellSignals.com Page 36 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

Susan Kilsby (Independent Non-Executive Director)

Susan has been a Director of BHP Group Limited and BHP Group Plc since 1 April 2019. Skills and experience: Susan has extensive experience in mergers and acquisitions, and finance and strategy, having held several roles in global investment banking. From 1996 to 2014, she held senior executive roles at Credit Suisse, including as a Senior Advisor, and chairman of EMEA Mergers and Acquisitions. Susan also has non-executive experience across multiple industries. Until recently, Susan was the Chairman of Shire plc and the Senior Independent Director at BBA Aviation plc. She is currently the Senior Independent Director of Diageo plc, and a Non-executive Director of Fortune Brands Home & Security Inc. and Unilever N.V. and Unilever plc. Other directorships and offices (current and recent): Director (since 2018) and Senior Independent Director (since October 2019) of Diageo Plc. Director of Fortune Brands Home & Security Inc. (since 2015). Director of Unilever N.V and Unilever plc (since August 2019). Member of the UK Takeover Panel. Former Director (from 2011 to 2019) and Chairman (from 2014 to 2019) of Shire plc. Former Director (from 2012 to 2019) and Senior Independent Director (from 2016 to 2019) of BBA Aviation plc. Former Director of Goldman Sachs International (from 2016 to 2018). Former Director of Keurig Green Mountain (from 2013 to 2016). Former Director of Coca-Cola HBC (from 2013 to 2015). Former Director of L'Occitane International (from 2010 to 2012). Board Committee memberships: Chairman of the Remuneration Committee. Member of the Nomination and Governance Committee. Shareholder Value: Creation of shareholder value in BHP Group: 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 $47.32 is $1,198, including a capital gain of $111 and dividend reinvested of $88.

John Paul Santamaria (Company Secretary)

Stefanie Wikinson (Company Secretary)

www.BuySellSignals.com Page 37 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Peer Group Analysis & Ranking

Fig 66: BuySellSignals Fundamentals Valuation Ranking: BHP Group vs IDR Market

Out of 904 units in the International Depository Receipts Market, BHP Group is ranked Twenty-third by Net Profit $, Twenty-ninth by Yield, Forty-seventh by Market Cap $ and Fifty-eighth by Revenue. IDR BHP BHP Rank 1 Rank 2 Rank 3 Avg Rank Net Profit $ 11.3 B 23 801.6 B 48.9 B IDCBY 44.7 B SFTBY SID Yield (%) 2.4 11.4 29 19.9 16.3 TEO 15.4 EBRPY VALE Market Cap $ 77.3 B 47 413 B BABA Revenue $ 60.8 B 58 327.6 B SNP 299.5 B PTR P/Earnings/ Growth 0.1x 0.6x 69 0.1x 0.1x FOJCY 0.1x ELUXY CLPHY EBITDA Margin% 9.6 42.7 116 86.6 82.6 ITUB 79.6 CS TGOPY ROA (%) 1.4 12.3 118 68.4 36.3 FSUGY 36.2 KIROY RTMVY ROE (%) 6.1 24.2 155 187.999 145.1 UNLRY 128.9 MRRTY MBT Price/Net Tangible Assets 0.9x 1.4x 189 0.1x PTR 0.1x SWRBY 0.1x BACHY Discount to 52-Wk High (%) 6.3 31.8 218 95.1 TAL 94.9 BVXV 93.8 BPIRY P/Earnings 10.8x 23.5x 261 1.6x 1.6x MURGY 1.6x MFG DMLRY Premium to 52-Wk Low (%) 20.5 22.4 359 0.2 0.3 IKTSY 0.3 IBDRY GLPG Total Debt/Equity (the lower the better) 0.7x 0.4x 742 IDEXY 0.001x 0.001x GOLD ENGGY

Negative values are shown in brackets.

www.BuySellSignals.com Page 38 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

Fig 67: Rank of BHP Group in the Bank of New York Mellon Composite ADR Index [out of 208 ADRs], in the Total International Depository Receipts [IDR] Market [out of 1317 IDRs] and in the Mining sector [out of 20 IDRs]

Description Value In BKADR* In Total IDR Market In Mining sector MCap ($) 77.3B 28 56 2 Total Assets ($) 108.9B 47 153 2 Revenue ($) 60.8B 18 59 2 Net Profit ($) 11.3B 8 20 1 Return on Equity % 24.2 17 105 5 Net Profit Margin % 22.1 21 159 10 Price to Book 1.4 47 447 9 Price/Earnings 23.5 40 469 11 Yield % 11.4 7 62 8 PV1000 (1Year) $ 1,193 134 650 13

*The Bank of New York Mellon Composite ADR Index

News Archives (Nov 2017 - Feb 2021)

Fig 68: AGM

May 29 2018 BHP Billiton announces AGM BHP Billiton has announced its Annual General Meeting will take place on Thursday, November 08.

Fig 69: Changes in Board

June 17 2020 BHP will appoint Chief Financial Officer BHP will appoint David Lamont as Chief Financial Officer. The effective date is Tuesday, December 01. May 07 2020 BHP Group will appoint Independent Non-Executive Director BHP Group will appoint Xiaqun Clever as Independent Non-Executive Director. The effective date is Thursday, October 01. May 07 2020 BHP Group will appoint Independent Non-Executive Director BHP Group will appoint Dion Weisler as Independent Non-Executive Director. The effective date is Monday, June 01. January 14 2020 BHP Board Update and Director Declaration In accordance with UK Listing Rule 9.6.14, BHP Group Plc advises that Terry Bowen, Director of BHP Group Plc and BHP Group Limited ( BHP ), has been appointed to the Board of Transurban Group ( Transurban ) with effect from 1 February 2020. Source: Australian Securities Exchange December 23 2019 BHP Group will appoint Chief Executive Officer BHP Group will appoint Mike Henry as Chief Executive Officer. The effective date is Wednesday, January 01, 2020. November 14 2019 Mike Henry to become BHP CEO effective 1 January 2020 The Board of BHP today announced that Mike Henry has been appointed Chief Executive Officer ( CEO ) of BHP, following a thorough succession process. BuySellSignals On-demand Stock Research Report - PDF: Every stock, Every market Bullish and bearish signals and parameters use algorithms based on application of investment wisdom from legends. Click on the links provided in Page 1 to export data. For details and samples of Product Suite visit www.bstfund.com For any enquiries, please email: [email protected]

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Mr. Henry will assume the role of CEO and Executive Director effective 1 January 2020, replacing Andrew Macke nzie who will retire as CEO on 31 December 2019. Source: Australian Securities Exchange March 19 2019 BHP Group will appoint Independent Non-Executive Director BHP Group will appoint Ian Cockerill as Independent Non-Executive Director. The effective date is Monday, April 01. March 19 2019 BHP Group will appoint Independent Non-Executive Director BHP Group will appoint Susan Kilsby as Independent Non-Executive Director. The effective date is Monday, April 01. February 28 2019 BHP Group appoints Director BHP Group has appointed Andrew Mackenzie as a Director. The effective date is Thursday, February 28. January 22 2019 BHP Group Company Secretary will resign BHP Group Margaret Taylor,Company Secretary will resign. The effective date is Friday, March 01. November 20 2018 Change of name to BHP Group Following shareholder approval, BHP Billiton Limited and BHP Billiton Plc have changed their names to BHP Group Limited and BHP Group Plc, respectively, effective 19 November 2018. BHP Group Plc's ticker on each of the LSE and JSE will change to "BHP" on 2 3 November 2018. In connection with the name change, on 23 November 2018, BHP Group Plc's ISIN will change to GB00BH0P3Z91 and SEDOL will change to BH0P3Z9. Source: Australian Securities Exchange September 13 2018 BHP Billiton Company Secretary resigns BHP Billiton Megan Pepper,Company Secretary has resigned. The effective date is September 12, 2018. November 16 2017 BHP 2017 AGM Results The poll results for BHP Billiton Limited and BHP Billiton Plc are as follows : Source: Australian Securities Exchange

Fig 70: Dividends

February 17 BHP Group announces dividend BHP Group today announced a cash dividend of $2.02 per share. The ex-dividend date is Thursday, March 04, 2021 and the record date is Friday, March 05, 2021 and it is payable on Tuesday, March 23. August 19 2020 BHP Group announces dividend BHP Group today announced a cash dividend of USD1.10 per share. The ex-dividend date is Thursday, September 03, 2020 and the record date is Friday, September 04, 2020 and it is payable on Tuesday, September 22. August 29 2019 BHP Group announces dividend BHP Group today announced a cash dividend of $US1.56 per share. The ex dividend date is Thursday, September 05, 2019 and the record date is Friday, September 06, 2019 and it is payable on Wednesday, September 25. January 08 2019 BHP Billiton announces dividend BHP Billiton today announced a special dividend of $US2.04 per share. The ex dividend date is Thursday, January 10, 2019 and the record date is Friday, January 11, 2019 and it is payable on Wednesday, January 30.

Fig 71: Meetings

November 07 2019 BHP 2019 AGM Results As required by the Dual Listed Compan y Structure, a poll was conducted on each of the proposed resolutions. Each resolution is a Joint Electorate Action. The poll results for BHP Group Limited and BHP Group Plc are attached. Source: Australian Securities Exchange

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Fig 72: Press Releases

February 18 2020 BHP Group: Half Yearly Report and Accounts This statement includes the consolidated results of BHP for the half year ended 3 1 December 2019 compared with the half year ended 3 1 December 2018. This page and the following 64 pages comprise the half year end information given to the ASX under Listing Rule 4. 2 A and released to the market under UK Disclosure and Transparency Rule 4.2.2R and should be read in conjunction with the 2019 BHP Group annual financial report. Source: Australian Securities Exchange January 21 2020 BHP Group: Quarterly Activities Report All production and unit cost guidance (1) (based on exchange rates of AUD/USD 0.70 and USD/CLP 683) remains unchanged for the 2020 financial year. Escondida unit costs tracking below full year guidance at the December 2019 half year largely as a result of higher by - product credits. Group copper e quivalent production was broadly unchanged in the Dec ember 2019 half year, with v olumes for the full year expected to be slightly higher than last year. Source: Australian Securities Exchange October 17 2019 BHP Group: Quarterly Activities Report Group copper equivalent production de creased by 3 % in the September 2019 quarter largely due to planned maintenance across a number of operations and natural field decline in Petroleum. Volumes for the 2020 financial year are expected to be slightly higher than last year. Source: Australian Securities Exchange September 17 2019 BHP Group: 2019 US Annual Report (Form 20-F) Please find attached a copy of BHP's 201 9 US Annual Report (Form 20 - F), which has been filed with the United States Securities and Exchange Commission. This document has been prepared in accordance with the requirements of the United States Securities and Exchange Commission and, as such, does n ot comply with the reporting requirements under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Source: Australian Securities Exchange August 20 2019 BHP Group: Preliminary Final Report This statement includes the consolidated results of BHP for the year ended 30 June 2019 compared with the year ended 30 June 2018. This page and the following 54 pages comprise the year end information given to the ASX under Listing Rule 4. 3 A and released to the market under UK Listing Rule 9.7A. The 2019 BHP Group annual financial report will be released in September. Source: Australian Securities Exchange August 20 2019 BHP Group: Preliminary Final Report This statement includes the consolidated results of BHP for the year ended 30 June 2019 compared with the year ended 30 June 2018. This page and the following 54 pages comprise the year end information given to the ASX under Listing Rule 4. 3 A and released to the market under UK Listing Rule 9.7A. The 2019 BHP Group annual financial report will be released in September. Source: Australian Securities Exchange July 17 2019 BHP Group: Quarterly Activities Report Exceeded full year production guidance for petroleum and met revised guidance for copper and iron ore. Metallurgical coal and energy coal production marginally below guidance predominantly as a result of lower than expected wash plant yield s and adverse weather impacts during the June 2019 quarter. Source: Australian Securities Exchange July 17 2019 BHP Group: Quarterly Activities Report Exceeded full year production guidance for petroleum and met revised guidance for copper and iron ore. Metallurgical coal and energy coal production marginally below guidance predominantly as a result of lower than expected wash plant yield s and adverse weather impacts during the June 2019 quarter. Source: Australian Securities Exchange June 07 2019 BHP Group: Tailings Facilities Management Presentation BHP will be hosting an investor briefing today on the management of tailings storage facilities across the portfolio. BuySellSignals On-demand Stock Research Report - PDF: Every stock, Every market Bullish and bearish signals and parameters use algorithms based on application of investment wisdom from legends. Click on the links provided in Page 1 to export data. For details and samples of Product Suite visit www.bstfund.com For any enquiries, please email: [email protected]

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The purpose of the briefing is to provide an update on BHP's approach to tailings storage facilities ' management and to give further information on the number, design and classification of tailings faci lities. Source: Australian Securities Exchange June 07 2019 BHP Group: Tailings Facilities Management Presentation BHP will be hosting an investor briefing today on the management of tailings storage facilities across the portfolio. The purpose of the briefing is to provide an update on BHP's approach to tailings storage facilities ' management and to give further information on the number, design and classification of tailings faci lities. Source: Australian Securities Exchange April 17 2019 BHP Group: Quarterly Activities Report Production guidance for the 2019 financial year remains unchanged for petroleum, copper, metallurgical coal and energy coal. Iron ore production guidance decreased to between 26 5 and 27 0 Mt (100% basis), reflecting impacts of Tropical Cyclone Veronica. Source: Australian Securities Exchange April 17 2019 BHP Group: Quarterly Activities Report Production guidance for the 2019 financial year remains unchanged for petroleum, copper, metallurgical coal and energy coal. Iron ore production guidance decreased to between 26 5 and 27 0 Mt (100% basis), reflecting impacts of Tropical Cyclone Veronica. Source: Australian Securities Exchange February 13 2019 BHP Group: Conventional petroleum update The BHP Board has today approved US$696 million (BHP share) in funding to develop the Atlantis Phase 3 p roject in the US Gulf of Mexico. This follows sanction by BP, as the O perator, of the Atlantis Phase 3 project, announced in January 2019. Source: Australian Securities Exchange February 13 2019 BHP Group: Conventional petroleum update The BHP Board has today approved US$696 million (BHP share) in funding to develop the Atlantis Phase 3 p roject in the US Gulf of Mexico. This follows sanction by BP, as the O perator, of the Atlantis Phase 3 project, announced in January 2019. Source: Australian Securities Exchange January 22 2019 BHP Group: Quarterly Activities Report Production guidance for the 2019 financial year remains unchanged for petroleum, iron o re, metallurgical coal and e nergy c oal. Total copper production guidance increased to between 1,645 and 1,740 kt and reflects the retention of Cerro Colorado. Source: Australian Securities Exchange January 22 2019 BHP Group: Quarterly Activities Report Production guidance for the 2019 financial year remains unchanged for petroleum, iron o re, metallurgical coal and e nergy c oal. Total copper production guidance increased to between 1,645 and 1,740 kt and reflects the retention of Cerro Colorado. Source: Australian Securities Exchange November 27 2018 BHP copper exploration program update BHP today confirmed identification of a potential new iron oxide, copper, gold ( IOCG ) mineralised system, located 65 kilometres to the south east of BHP's operations at Olympic Dam in South Australia Source: Australian Securities Exchange November 27 2018 BHP copper exploration program update BHP today confirmed identification of a potential new iron oxide, copper, gold ( IOCG ) mineralised system, located 65 kilometres to the south east of BHP's operations at Olympic Dam in South Australia Source: Australian Securities Exchange November 21 2018 BHP Billiton: Capital Allocation Briefing BHP will be holding an investor and analyst briefing today in Melbourne on BHP's Capital Allocation Framework. The purpose of the briefing is to provide greater detail in relation to BHP's capital allocation processes, and greater transparency on BHP's approach to capital allocation and investment decisions. Source: Australian Securities Exchange November 21 2018 BHP Billiton: Capital Allocation Briefing BHP will be holding an investor and analyst briefing today in Melbourne on BHP's Capital Allocation Framework. BuySellSignals On-demand Stock Research Report - PDF: Every stock, Every market Bullish and bearish signals and parameters use algorithms based on application of investment wisdom from legends. Click on the links provided in Page 1 to export data. For details and samples of Product Suite visit www.bstfund.com For any enquiries, please email: [email protected]

www.BuySellSignals.com Page 42 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

The purpose of the briefing is to provide greater detail in relation to BHP's capital allocation processes, and greater transparency on BHP's approach to capital allocation and investment decisions. Source: Australian Securities Exchange November 01 2018 BHP completes sale of Onshore US assets BHP has completed the sale of its intere sts in the Eagle Ford, Haynesville and Permian Onshore US oil and gas assets to BP America Production Company (a subsidiary of BP Plc) ( BP ) for a gross considerat ion of US$10.5 billion. Source: Australian Securities Exchange November 01 2018 BHP completes sale of Onshore US assets BHP has completed the sale of its intere sts in the Eagle Ford, Haynesville and Permian Onshore US oil and gas assets to BP America Production Company (a subsidiary of BP Plc) ( BP ) for a gross considerat ion of US$10.5 billion. Source: Australian Securities Exchange October 17 2018 BHP Billiton: Quarterly Activities Report Group copper equivalent production increased by 2 % in the September 2018 quarter despite maintenance across a number of operations. Volumes for the 2019 financial year are expected to be broadly in line with last year (1). Full year production guidance remains unchanged for petroleum, iron ore, metallurgical coal and energy coal. Total copper production guidance reduced by approximately 3% to between 1,62 0 and 1,705 kt reflecting lower volumes now expected at Spence ( electro - winning plant outage ) and Olympic Dam ( acid plant outage). Source: Australian Securities Exchange October 17 2018 BHP Billiton: Quarterly Activities Report Group copper equivalent production increased by 2 % in the September 2018 quarter despite maintenance across a number of operations. Volumes for the 2019 financial year are expected to be broadly in line with last year (1). Full year production guidance remains unchanged for petroleum, iron ore, metallurgical coal and energy coal. Total copper production guidance reduced by approximately 3% to between 1,62 0 and 1,705 kt reflecting lower volumes now expected at Spence ( electro - winning plant outage ) and Olympic Dam ( acid plant outage). Source: Australian Securities Exchange October 04 2018 BHP Billiton: Samarco Compensation Programs BHP notes recent media reports concerni ng an agreement with the State Prosecutor of Mariana in the State of Minas Gerais in relation to compensation for the impacts of the Samarco dam failure on 5 November 2015. The agreement outlines the process and principles for the negotiation and implementation by the Renova Foundation of the formal compensation program for impacted people in Mariana, Minas Gerais. Source: Australian Securities Exchange October 04 2018 BHP Billiton: Samarco Compensation Programs BHP notes recent media reports concerni ng an agreement with the State Prosecutor of Mariana in the State of Minas Gerais in relation to compensation for the impacts of the Samarco dam failure on 5 November 2015. The agreement outlines the process and principles for the negotiation and implementation by the Renova Foundation of the formal compensation program for impacted people in Mariana, Minas Gerais. Source: Australian Securities Exchange September 18 2018 BHP US Annual Report (Form 20-F) 2018 Please find attached a copy of BHP's 2018 US Annual Report (Form 20-F), which has been filed with the United States Securi ties and Exchange Commission. This document has been prepared in accordance with t he requirements of the Un ited States Securities and Exchange Commission and, as such, does not co mply with the reporting requirements under the Australasian Code for Reporting of Exploration Resu lts, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Source: Australian Securities Exchange September 18 2018 BHP US Annual Report (Form 20-F) 2018 Please find attached a copy of BHP's 2018 US Annual Report (Form 20-F), which has been filed with the United States Securi ties and Exchange Commission.

www.BuySellSignals.com Page 43 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

This document has been prepared in accordance with t he requirements of the Un ited States Securities and Exchange Commission and, as such, does not co mply with the reporting requirements under the Australasian Code for Reporting of Exploration Resu lts, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Source: Australian Securities Exchange September 05 2018 BHP Billiton: Copper Update - Agreement with Guyana Goldfields BHP has entered into an agreement with Guyana Goldfields Inc. ( Guyana ) to acquire its 6.1 per cent interest in SolGold Plc ( SolGold ), the majority owner and operator of the Cascabel porphyry copper - gold project in Ecuador. BHP Chief Executive Officer, Andrew Mackenzie, said the investmen t in SolGold would give BHP exposure to a high quality copper exploration project in Ecuador, which is a highly prospective location for BHP. Source: Australian Securities Exchange September 05 2018 BHP Billiton: Copper Update - Agreement with Guyana Goldfields BHP has entered into an agreement with Guyana Goldfields Inc. ( Guyana ) to acquire its 6.1 per cent interest in SolGold Plc ( SolGold ), the majority owner and operator of the Cascabel porphyry copper - gold project in Ecuador. BHP Chief Executive Officer, Andrew Mackenzie, said the investmen t in SolGold would give BHP exposure to a high quality copper exploration project in Ecuador, which is a highly prospective location for BHP. Source: Australian Securities Exchange August 21 2018 BHP Billiton: Preliminary Final Report This statement includes the consolidated results of BHP for the year ended 30 June 2018 compared with the year ended 30 June 2017. This page and the following 57 pages comprise the year end information given to the ASX under Listing Rule 4.3A and released to the market under UK Listing Rule 9.7A. The 2018 BHP Group annual financial report will be released in September. Source: Australian Securities Exchange August 21 2018 BHP Billiton: Preliminary Final Report This statement includes the consolidated results of BHP for the year ended 30 June 2018 compared with the year ended 30 June 2017. This page and the following 57 pages comprise the year end information given to the ASX under Listing Rule 4.3A and released to the market under UK Listing Rule 9.7A. The 2018 BHP Group annual financial report will be released in September. Source: Australian Securities Exchange August 09 2018 BHP Billiton: Samarco Update BHP has reached an agreement to settle t he class action complaint filed in the US District Court of the Southern District of New York on behalf of purchasers of American Depositary Receipts of BHP Billiton Limited and BHP Billiton Plc between 25 September 2014 and 30 November 2015 1 in relation to t he Samarco dam failure on 5 November 2015. Under the terms of the agreement, BHP has agreed to pay the plaintiffs US$ 50 million, with no admission of liability. The agreement is subject to approval by the District Court. Source: Australian Securities Exchange August 09 2018 BHP Billiton: Samarco Update BHP has reached an agreement to settle t he class action complaint filed in the US District Court of the Southern District of New York on behalf of purchasers of American Depositary Receipts of BHP Billiton Limited and BHP Billiton Plc between 25 September 2014 and 30 November 2015 1 in relation to t he Samarco dam failure on 5 November 2015. Under the terms of the agreement, BHP has agreed to pay the plaintiffs US$ 50 million, with no admission of liability. The agreement is subject to approval by the District Court. Source: Australian Securities Exchange July 27 2018 BHP Billiton: Sale of Onshore US Assets BHP today announced that it has entered into agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined base consideration of US$10.8 billion, payable in cash. BP American Production Company, a wholly owned subsidiary of BP Plc, has agreed to acquire 100% of the issued share capital of Petrohawk Energy Corporation, the BHP subsidiary which holds the Eagle Ford, Haynesville and Permian assets, for a consideration of US$10.5 billion (less customary completion adjustments). One - half of the consideration is payable at completion, with the balance (deferred consideration) being payable in six equal instalments over a six month period, the first instalment to be paid one month after completion. Payment of the deferred considera tion is not subject to any conditions Source: Australian Securities Exchange BuySellSignals On-demand Stock Research Report - PDF: Every stock, Every market Bullish and bearish signals and parameters use algorithms based on application of investment wisdom from legends. Click on the links provided in Page 1 to export data. For details and samples of Product Suite visit www.bstfund.com For any enquiries, please email: [email protected]

www.BuySellSignals.com Page 44 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

July 27 2018 BHP Billiton: Sale of Onshore US Assets BHP today announced that it has entered into agreements for the sale of its entire interests in the Eagle Ford, Haynesville, Permian and Fayetteville Onshore US oil and gas assets for a combined base consideration of US$10.8 billion, payable in cash. BP American Production Company, a wholly owned subsidiary of BP Plc, has agreed to acquire 100% of the issued share capital of Petrohawk Energy Corporation, the BHP subsidiary which holds the Eagle Ford, Haynesville and Permian assets, for a consideration of US$10.5 billion (less customary completion adjustments). One - half of the consideration is payable at completion, with the balance (deferred consideration) being payable in six equal instalments over a six month period, the first instalment to be paid one month after completion. Payment of the deferred considera tion is not subject to any conditions Source: Australian Securities Exchange July 23 2018 BHP to defend Samarco Class Action BHP notes the media reports today concerning the Australian class action in relation to the Samarco dam failure. BHP confirms it has been served with a class action proceeding filed in the Federal Court of Australia in Victoria. BHP intends to defend the claim. Source: Australian Securities Exchange July 23 2018 BHP to defend Samarco Class Action BHP notes the media reports today concerning the Australian class action in relation to the Samarco dam failure. BHP confirms it has been served with a class action proceeding filed in the Federal Court of Australia in Victoria. BHP intends to defend the claim. Source: Australian Securities Exchange June 15 2018 BHP approves South Flank project The BHP Board has today appr oved US$2.9 billion (BHP s hare; US$3.4 billion 100 per cent) 2 in capital expenditure for the South Flank project in the central Pilbara, Western Australia. BHP President Operations, Minerals Austra lia, Mike Henry, said the South Flank project will fully replace production from th e 80 Mtpa (100 per cent basis) Yandi mine which is reaching the end of its economic life. Source: Australian Securities Exchange June 15 2018 BHP approves South Flank project The BHP Board has today appr oved US$2.9 billion (BHP s hare; US$3.4 billion 100 per cent) 2 in capital expenditure for the South Flank project in the central Pilbara, Western Australia. BHP President Operations, Minerals Austra lia, Mike Henry, said the South Flank project will fully replace production from th e 80 Mtpa (100 per cent basis) Yandi mine which is reaching the end of its economic life. Source: Australian Securities Exchange May 16 2018 Events Calendar: BHP Billiton: 2018 Global Metals Mining and Steel Conference BHP Chief Executive Officer, Andrew Mackenzie, today said the continued successful delivery of the Company's roadm ap to grow long-term shareholder value, together with stronger commodity prices, has underpinned a significant increase in return on capital employed and delivered a 30 per cent increase in BHP's base value 2 over the past two years. Source: Australian Securities Exchange May 16 2018 Events Calendar: BHP Billiton: 2018 Global Metals Mining and Steel Conference BHP Chief Executive Officer, Andrew Mackenzie, today said the continued successful delivery of the Company's roadm ap to grow long-term shareholder value, together with stronger commodity prices, has underpinned a significant increase in return on capital employed and delivered a 30 per cent increase in BHP's base value 2 over the past two years. Source: Australian Securities Exchange

www.BuySellSignals.com Page 45 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Snapshot of 43 Australian ADRs

Total MCap of 43 Australian ADRs = $737.6 billion BHP Group MCap as % of Total MCap of Australian ADRs = 10.5%

*ADR Ratio: The number of shares in Australia represented by one American Depositary Receipt (ADR). For example, a Ratio of 1:60 for Alterity Therapeutics means 1 ADR is equivalent to 60 ordinary shares traded in Australia.

Change (% PV1000 Company Code Close ($) MCap (US$ M) P/E Yield (%) *Ratio YTD) (1Yr) Alterity ATHE 1.3 23 -4.5 618 1:60 Therapeutics Alumina AWCMY 6.2 3,795 13.6 23.7 2,821 1:4 Ampol CTXAY 38.8 4,838 2.9 1:2 ASX ASXFY 58.8 11,378 10.0 32.5 2.8 1,044 1:1 Australia & New ANZBY 19.7 55,948 15.5 21.4 4.0 1,650 1:1 Zealand Banking Benitec BNTC 3.6 4 20.0 633 1:200 Biopharma BHP Group BHP 52.6 77,263 -17.5 23.5 11.4 1,193 1:2 Bluescope Steel BLSFY 73.2 8,365 42.4 2.5 1:5 Carsales.com CSXXY 36.0 4,425 18.3 93.2 2.4 1,281 1:2 Clinuvel CLVLY 29.7 1,469 76.1 81.7 0.1 1,816 1:1 Pharmaceuticals Cochlear CHEOY 78.5 10,320 6.5 21.7 1.2 1,116 2:1 Commonwealth CMWAY 74.7 132,130 19.8 17.8 3.5 1,732 1:1 Bank of Australia Computershare CMSQY 13.1 7,075 15.6 52.8 1,524 1:1 Danakali DNKLY 0.3 77 12.0 935 1:1 Domino's Pizza DMZPY 54.3 9,393 71.9 35.0 0.5 2:1 Enterprises Fortescue Metals FSUGY 21.4 32,925 -37.0 6.4 25.1 1,344 1:2 Genetic GENE 3.2 27 -12.2 960 1:600 Technologies Immuron IMRN 4.2 19 -33.3 600 1:40 Immutep IMMP 4.1 162 31.5 2,503 1:100 Incitec Pivot INCZY 2.1 3,317 17.0 39.8 0.4 1,365 1:1 James Hardie JHX 36.6 16,269 26.3 62.1 1.9 1,629 1:1 Industries Kazia KZIA 11.5 92 33.4 1,696 1:10 Therapeutics Lend Lease LLESY 7.6 4,309 -23.0 2.7 985 1:1 Corporation Living Cell LVCLY 0.1 4 24.1 636 1:10 Technologies Lynas LYSDY 5.1 3,627 66.8 38.5 3,027 1:1

www.BuySellSignals.com Page 46 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021

Macquarie Group MQBKY 129.6 46,865 23.6 21.1 2.8 1,557 1:1 Mesoblast MESO 6.0 705 -29.2 309 1:5 Mineral Resources MALRY 32.2 6,066 9.4 6.6 6.4 2,024 1:1 National Australia NABZY 9.9 65,274 16.5 16.6 3.4 1,595 2:1 Bank Neometals RDRUY 6.8 371 212.6 4,595 1:10 Newcrest Mining NCMGY 16.0 13,057 -19.3 11.2 3.4 742 1:1 Oil Search OISHY 15.7 6,522 12.0 1.2 1,647 1:5 Orica Limited OCLDY 8.4 3,395 -27.3 27.0 2.1 765 1:1 QBE Insurance QBIEY 8.3 12,133 27.5 19.9 1.0 1,382 1:1 Sims Metal SMSMY 9.5 1,922 -7.5 1.0 1,736 1:1 Management South32 SOUHY 12.2 11,866 28.7 1.0 1,604 1:5 Suncorp Group SNMCY 9.2 11,715 21.2 15.5 6.0 1,697 1:1 Telstra TLSYY 14.2 33,796 26.9 4.5 1,556 1:5 Corporation Treasury Wine TSRYY 8.5 6,141 17.7 33.7 2.5 1,433 1:1 Estates Wesfarmers WFAFY 20.0 45,445 4.8 13.1 3.3 1,326 2:1 Westpac Banking WBK 18.0 65,124 23.8 38.7 3.7 1,550 1:1 Woodside WOPEY 17.1 16,310 -1.6 2.5 1,372 1:1 Petroleum WorleyParsons WYGPY 7.0 3,617 -18.2 57.8 5.5 1,088 1:1

www.BuySellSignals.com Page 47 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 INDEX (Click tab for direct access)

Section 1 BHP Group ADR (BHP.N)1 Fig 2: Past Quarter Snapshot2 Fig 3: BHP ADR Dashboard (traded in USD)2 Fig 4: BHP Stock Dashboard (traded in AUD)3 Fig 5: BHP Financials Summary: EPS up 42.7% to $2.24 in FY20213 Fig 6: PAST WEEK: STRONG MOMENTUM DOWN - BHP decreases 3.6% exacerbated by week's volume 2.4 times average4 Section 2 The Past Quarter: Regulatory Announcements4 Fig 7: Dividends4 Fig 8: Outlook4 Fig 9: Bagger5 Fig 10: Appointment5 Section 3 Q2/2021 Institutional Shareholder Activity5 Fig 11: Top 20 Institutional Shareholders of BHP Group as at June 30, 20215 Fig 12: Top 10 Increases in ADRs held by Institutions June 30, 2021 vs March 31, 20216 Fig 13: Top 10 Decreases in ADRs held by Institutions June 30, 2021 vs March 31, 20216 Fig 14: Top 10 New Entrants7 Fig 15: Drop Outs7 Fig 16: Reported holdings of institutions as at June 30, 20217 Section 4 News and Buzz8 Section 5 Bearish Signals8 Fig 17: Rank in the bottom 6% by Relative Valuation in the International Depository Receipts market8 Short Selling8 Downtrend8 Overvaluation9 Section 6 Ongoing Bearish Parameters9 Fig 18: Present Value of $1000 Invested in the Past 3 Months; The Worst Period with PV$1000 < 8209 Fig 19: Past quarter: price fall of 23.1%10 Fig 20: Declining Volume, down 16% in 5 years10 Fig 21: Lagging Relative Strength10 Fig 22: % Change (Tr. 12 Mo): ADR (8.9%) v Index (21.1%)11 Fig 23: Past 12 Mo ADR Sector Index (%)11 Fig 24: Price < Moving Avg Price12 Fig 25: Turnover Period Below Average12 Fig 26: Rank in the The Bank of New York Mellon Composite ADR Index [out of 274 IDRs]12 Section 7 Bullish Signals13 Fig 27: Rank in the top 5% by Relative Valuation in the International Depository Receipts market13 Uptrend13 Undervaluation13 Other Bullish Signals13 Oversold/Bullish Signals13 Section 8 Ongoing Bullish Parameters14 Fig 28: Past four-years14 Fig 29: Rank in the top 6% by Size in the International Depository Receipts market14 Fig 30: Rank in the top 22% by Gearing in the International Depository Receipts market14

www.BuySellSignals.com Page 48 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Fig 31: Rank in the top 16% by Performance in the International Depository Receipts market14 Fig 32: Rank in the top 10% by Productivity in the International Depository Receipts market14 Fig 33: Present Value of $1000 Invested in the Past [1 Yr, 3 Yrs]; The Best Periods with PV$1000 > 1,19215 Fig 34: Past 3 years: price rise of 33.7%15 Fig 35: Moving Annual Return of 21.3% in the past year16 Fig 36: MCap: 5-Year Increase of $25 billion (47%)16 Fig 37: Buybacks and 5-Years Decrease of 5% in Total Shares on Issue16 Fig 38: EPS growth [FY2021 vs FY2020] of 42.7%17 Fig 39: Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 19.2%17 Fig 40: P/E/G < 117 Fig 41: Improved EBIT Margins18 Fig 42: Safe Interest Cover and Improving18 Fig 43: Low Debt to Equity (%) and Reducing18 Fig 44: Increased VWAP, up 124% in 5 years19 Fig 45: Increased ADR turnover, up 86% in 5 years19 Fig 46: Satisfies five criterion of Benjamin Graham19 Fig 47: Satisfies 7 out of 9 criterion of Joseph Piotroski [pass mark 5]20 Fig 48: Rank in the The Bank of New York Mellon Composite ADR Index [out of 274 IDRs]20 Section 9 Corporate Profile and Independent Ratings20 Fig 49: Activities20 Fig 50: Independent Ratings21 Fig 51: Contact Details21 Fig 52: Industry & Sector21 Section 10 Financials FY 2021, H1/2020, Past 7 Years22 Fig 53: Financials, FY 202122 Fig 54: Annual growth in Revenue, Net Profit and EPS22 Fig 55: Year-on-year comparison of Performance Ratios [FY2021 vs FY2020]23 Fig 56: Financials as reported (FY 2021)24 Fig 57: INCOME STATEMENT AS REPORTED (FY 2021)24 Fig 58: BALANCE SHEET AS REPORTED (FY 2021)25 Fig 59: CASH FLOW AS REPORTED (FY 2021)26 Fig 60: Half-Yearly Financials28 Fig 61: Financials Past 7 Years28 Section 11 Dividend29 Fig 62: Dividend History29 Fig 63: Annual Dividends - Past 4 years (USD)29 Section 12 Board of Directors29 Fig 64: Board and Management29 Fig 65: Profiles30 Mike Henry (CEO)30 Ken MacKenzie (Chairman & Director)31 David Lamont (CFO)31 Peter Beaven (CFO)31 John Mogford (Director)32 Lindsay Maxsted (Director)32 Gary Goldberg (Director)33 Malcolm Broomhead (Director)34 Terry Bowen (Director)34 BuySellSignals On-demand Stock Research Report - PDF: Every stock, Every market Bullish and bearish signals and parameters use algorithms based on application of investment wisdom from legends. Click on the links provided in Page 1 to export data. For details and samples of Product Suite visit www.bstfund.com For any enquiries, please email: [email protected]

www.BuySellSignals.com Page 49 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Shriti Vadera (Independent Director)35 Anita Frew (Independent Director)35 Ian Cockerill (Independent Non-Executive Director)36 Dion Weisler (Independent Non-Executive Director)36 Xiaqun Clever (Independent Non-Executive Director)36 Susan Kilsby (Independent Non-Executive Director)37 John Paul Santamaria (Company Secretary)37 Stefanie Wikinson (Company Secretary)37 Section 13 Peer Group Analysis & Ranking38 Fig 66: BuySellSignals Fundamentals Valuation Ranking: BHP Group vs IDR Market38 Fig 67: Rank of BHP Group in the Bank of New York Mellon Composite ADR Index [out of 208 ADRs], in the Total International Depository Receipts [IDR] Market [out of 1317 IDRs] and in the Mining sector [out of 20 IDRs]39 Section 14 News Archives (Nov 2017 - Feb 2021)39 Fig 68: AGM39 Fig 69: Changes in Board39 Fig 70: Dividends40 Fig 71: Meetings40 Fig 72: Press Releases41 Section 15 Snapshot of 43 Australian ADRs46

www.BuySellSignals.com Page 50 Daily Research Report: BHP Group Home Exchange: Australia Includes FY2021 Financials and Q2/2021 Institutional Ownership American Depository Receipt (ADR) Edition Tuesday, September 28, 2021 Glossary

Annual Return (Fig 35): Price/NTA (Fig 26, 48, 67): Dividends Paid In a 12-Month Period/Price at the Beginning of the Period Closing Share Price/Net Tangible Assets Per Share (times) + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%) Price/Sales: Capital Gain/Loss from n Years Ago to n-1 Years Ago: Share Price/Sales Per Share (times) Capital Gain or Loss over 1 Year/Price 1 Year Ago (%) Relative Price Change [RPC]: Current Ratio (Fig 55): Relative price change is price change of stock with respect to Current Assets/Current Liabiliites (times) Benchmark Index Debt/Equity (Fig 43): Relative Strength (n-th Period) (Fig 21): Net Debt/Net Assets % Price close today/Price close 'n' periods ago, then ranked by percentile Dividend Yield (Fig 0, 27): within the entire market. Dividend Per Share/Share Price (%) Return on Assets (Fig 32, 55): EBIT Margin (Fig 41): Net Profit/Total Assets (%) Earnings Before Interest and Tax/Revenue (%) Return on Equity (Shareholders' Funds) (Fig 26, 32, 48, 55, 67): Earnings Yield: Net Profit/Net Assets (%) Earnings Per Share/Share Price (%) TSR (Fig 39): Income during the n years (3/2/1) (Fig 62): Total Shareholder Returns is expressed as an annualized rate of return for Dividends received during the Period shareholders after allowing for capital appreciation and dividend Interest Cover (Fig 30, 42, 55): TTM (Fig 0): Earnings Before Interest and Tax/Interest (times) Trailing 12 Months Moving Average Price (n periods): Turnover Period (Fig 25): Sum of Prices for each Period/Number of Periods Time Period required for trading all Outstanding Shares PCP (Fig 60): Turnover Rate (Fig 25): Previous Corresponding Period US Dollar value of annual trading volume as a percentage of market PV$1000 (Fig 67, 18, 26, 33, 48): capitalisation Present value of $1000 invested 1 year/'n' years ago Volatility: Price Close/Moving Avg Price: Highest Price minus Lowest Price/Lowest Price (%) Latest Price/Moving Average Price Volume Index (VI): Price/Earnings (Fig 67, 0, 40, 66, 26, 48): Number of shares traded in the period/Average number of shares Share Price/Earnings Per Share (times) traded for the period Volume Weighted Average Price (VWAP) (Fig 44): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

Momentum Up Price increase fuelled by above average Volume

Weak Momentum Up Price increase on below average Volume

Momentum Down Price decrease fuelled by above average Volume

Weak Momentum Down Price decrease on below average Volume

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