The consensus estimates are not prepared by BHP and are not BHP guidance. BHP invites registered sell-side analysts who monitor BHP’s securities to submit their estimates, in respect of each financial reporting period, to an external web-based tool managed by Vuma Financial Limited (Vuma). 

The consensus figure for a particular item represents the arithmetic mean of all figures for that item submitted to Vuma by analysts. The figures are current as at the date specified on the Vuma website and are not updated after that date. Analyst estimates entered into Vuma that are materially out of date, or that contain a manifest error have been excluded from the aggregate consensus figures. Four analysts’ estimates were excluded on this basis because: 

• in two instances, the estimates of iron ore revenues used had not been updated to reflect realised prices and sales volumes reported in the Operational Review for the half year 31 December 2022;
• an estimate incorrectly reported net working capital as an inflow rather than an outflow; and
• an estimate incorrectly reported net investing cash flows as an inflow rather than an outflow.
  
   

The consensus figures reflect the opinions of third party analysts who do not have access to BHP’s internal financial information. The consensus figures are not based on BHP’s opinions, estimates or forecasts and are compiled and published without comment from, or endorsement or verification by, BHP. BHP does not endorse, confirm or express a view on the consensus estimates, and BHP does not accept any responsibility or liability whatsoever in relation to the information. No warranty or representation, whether express or implied, is made by BHP in relation to the accuracy or completeness of the consensus figures.
 
By clicking on the ‘accept’ button below, you confirm that you understand the nature of these consensus estimates as outlined above.