Disclaimer Forward-looking statements This
presentation contains forward-looking statements, including
statements regarding: trends in commodity prices and currency
exchange rates; demand for commodities; production forecasts;
plans, strategies and objectives of management; assumed long-term
scenarios; potential global responses to climate change; the
potential effect of possible future events on the value of the BHP
portfolio; closure or divestment of certain assets, operations or
facilities (including associated costs); anticipated production or
construction commencement dates; capital costs and scheduling;
operating costs and shortages of materials and skilled employees;
anticipated productive lives of projects, mines and facilities;
provisions and contingent liabilities; and tax and regulatory
developments. Forward-looking statements may be identified by the
use of terminology, including, but not limited to, ?intend?, ?aim?,
?project?, ?anticipate?, ?estimate?, ?plan?, ?believe?, ?expect?,
?may?, ?should?, ?will?, ?would?, ?continue?, ?annualised? or
similar words. These statements discuss future expectations
concerning the results of assets or financial conditions, or
provide other forward-looking information. These forward-looking
statements are based on the information available as at the date of
this presentation and/or the date of the Group?s planning processes
or scenario analysis processes. There are inherent limitations with
scenario analysis and it is difficult to predict which, if any, of
the scenarios might eventuate. Scenarios do not constitute
definitive outcomes for us. Scenario analysis relies on assumptions
that may or may not be, or prove to be, correct and may or may not
eventuate, and scenarios may be impacted by additional factors to
the assumptions disclosed. Additionally, forward-looking statements
are not guarantees or predictions of future performance, and
involve known and unknown risks, uncertainties and other factors,
many of which are beyond our control, and which may cause actual
results to differ materially from those expressed in the statements
contained in this presentation. BHP cautions against reliance on
any forward-looking statements or guidance, particularly in light
of the current economic climate and the significant volatility,
uncertainty and disruption arising in connection with COVID-19. For
example, our future revenues from our assets, projects or mines
described in this release will be based, in part, upon the market
price of the minerals, metals or petroleum produced, which may vary
significantly from current levels. These variations, if materially
adverse, may affect the timing or the feasibility of the
development of a particular project, the expansion of certain
facilities or mines, or the continuation of existing assets. Other
factors that may affect the actual construction or production
commencement dates, costs or production output and anticipated
lives of assets, mines or facilities include our ability to
profitably produce and transport the minerals, petroleum and/or
metals extracted to applicable markets; the impact of foreign
currency exchange rates on the market prices of the minerals,
petroleum or metals we produce; activities of government
authorities in the countries where we sell our products and in the
countries where we are exploring or developing projects, facilities
or mines, including increases in taxes; changes in environmental
and other regulations; the duration and severity of the COVID-19
pandemic and its impact on our business; political uncertainty;
labour unrest; and other factors identified in the risk factors
discussed in BHP?s filings with the U.S. Securities and Exchange
Commission (the ?SEC?) (including in Annual Reports on Form 20-F)
which are available on the SEC?s website at www.sec.gov. Except as
required by applicable regulations or by law, BHP does not
undertake to publicly update or review any forward-looking
statements, whether as a result of new information or future
events. Past performance cannot be relied on as a guide to future
performance. Presentation of data Numbers presented may not add up
precisely to the totals provided due to rounding. No offer of
securities Nothing in this presentation should be construed as
either an offer or a solicitation of an offer to buy or sell any
securities, or a solicitation of any vote or approval, in any
jurisdiction, or be treated or relied upon as a recommendation or
advice by BHP. No offer of securities shall be made in the United
States absent registration under the U.S. Securities Act of 1933,
as amended, or pursuant to an exemption from, or in a transaction
not subject to, such registration requirements. Reliance on third
party information The views expressed in this presentation contain
information that has been derived from publicly available sources
that have not been independently verified. No representation or
warranty is made as to the accuracy, completeness or reliability of
the information. This presentation should not be relied upon as a
recommendation or forecast by BHP. BHP and its subsidiaries In this
presentation, the terms ?BHP?, the ?Company?, the ?Group?, ?our
business?, ?organization?, ?Group?, ?we?, ?us? and ?our? refer to
BHP Group Limited, BHP Group Plc and, except where the context
otherwise requires, their respective subsidiaries set out in note
13 ?Related undertaking of the Group? in section 5.2 of BHP?s
Annual Report and Form 20-F. Those terms do not include
non-operated assets. This presentation includes references to BHP?s
assets (including those under exploration, projects in development
or execution phases, sites and closed operations) that have been
wholly owned and/or operated by BHP and that have been owned as a
joint venture operated by BHP (referred to as ?operated assets? or
?operations?) during the period from 1 July 2020 to 30 June 2021.
Our functions are also included. BHP also holds interests in assets
that are owned as a joint venture but not operated by BHP (referred
to in this release as ?non-operated joint ventures? or
?non-operated assets?). Our non-operated assets include Antamina,
Cerrej?n, Samarco, Atlantis, Mad Dog, Bass Strait and North West
Shelf. Notwithstanding that this presentation may include
production, financial and other information from non-operated
assets, non-operated assets are not included in the Group and, as a
result, statements regarding our operations, assets and values
apply only to our operated assets unless otherwise stated.
References in this presentation to a ?joint venture? are used for
convenience to collectively describe assets that are not wholly
owned by BHP. Such references are not intended to characterise the
legal relationship between the owners of the asset. 19 May 2022 2
BMO Farm to Market