BHP Group (BHP) AGM 2024 summary

Opening remarks and agenda

• The meeting opened with a Welcome to Country and acknowledgment of traditional landowners, followed by introductions of board members, executives, and auditors.

• Voting procedures and meeting protocols were outlined, with polls opened for all resolutions.

Financial performance review

• Underlying EBITDA for FY2024 was $29 billion, with strong margins and consistent cash flow, marking the eighth consecutive year with margins above 50%.

• Total global economic contribution reached $49.2 billion, including $25.3 billion to suppliers, $11.2 billion in government payments, and $4.8 billion in employee compensation.

• Dividends totaling $7.4 billion were declared, with a five-year total shareholder return of approximately 15% per annum.

Board and executive committee updates

• Ross McEwan and Don Lindsay joined the board and stood for election, while Ian Cockerill and Terry Bowen retired.

• The board reaffirmed its commitment to safety, diversity, and inclusion, with ongoing efforts to eliminate workplace harassment and improve culture.