Disclaimer

The consensus figures on the following page are based on forecasts submitted by participating sell-side analysts who monitor BHP's stock. The forecasts are collated exclusively by Visible Alpha, a company independent of BHP.

Important note: The consensus figures were collated on 30 January 2025. The line items shown are underlying measures, which exclude exceptional items and the impact of any subsequent developments occurring after the release of BHP’s Q2 Operational Review.

Following the release of BHP's Q2 Operational Review in January and Q4 Operational Review in July, BHP invites analysts to submit their forecasts to a web-based tool independently managed by Visible Alpha. Each of the contributing analysts listed on the following page has submitted updated estimates based on BHP's most recent Q2 Operational Review and agreed, as at the date of publication, to their updated forecasts being included in the consensus figures. The consensus figure for a particular item represents the arithmetic average of all figures for that item submitted to Visible Alpha by these analysts.

The analysts listed on the following page may not necessarily be the same analysts that contributed to consensus figures for previous periods. Analyst estimates can change significantly from time to time, as commodity prices, among other things, can change rapidly. Any such changes in analysts' estimates after the date of publication will not be reflected in the consensus figures published on the following page until BHP invites sell-side analysts to submit their updated forecasts following the release of BHP’s next Q2 Operational Review or Q4 Operational Review. The aggregate consensus figures include all forecast data from analysts who had submitted updated estimates to Visible Alpha based on BHP's most recent Operational Review, and agreed to their updated forecasts being included in the consensus figures as at the date of publication, except for any figures excluded due to instances of manifest error.

Neither Visible Alpha, nor the contributing analysts, have any access to BHP's internal forecasts, budgets or any other information which is not publicly available.

The consensus figures are not based on BHP's own opinions, estimates or forecasts and are compiled and published without comment from, or endorsement by, BHP. The consensus figures do not reflect guidance relating to BHP or provided by BHP. The consensus figures shown are underlying measures, which exclude exceptional items and the impact of any subsequent developments occurring after the release of BHP’s relevant Q2 Operational Review or Q4 Operational Review.

By enabling publication of the consensus figures and referencing the same on its website, BHP does not imply that it endorses, confirms or expresses a view on the consensus figures. The consensus figures are provided for informational purposes only and are not intended to, nor do they, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments. No warranty or representation, either express or implied, is made by BHP or its affiliates, or their respective directors, officers and employees, in relation to the accuracy, completeness or achievability of the consensus figures and, to the fullest extent permitted by law, no responsibility or liability is accepted by any of those persons in respect of those matters. BHP assumes no obligation to update, revise or supplement the consensus figures to reflect circumstances existing after the date the consensus figures are published.

BHP does not accept any liability whatsoever for reliance upon, or actions taken based on, any of the information set out in these consensus figures. The consensus figures are forward-looking and as such are speculative and rely on assumptions and events in the future (some or all of which may not be satisfied or may not occur).

The information provided by Visible Alpha cited herein is provided “as is” and “as available” without warranty of any kind. Use of any Visible Alpha data is at a user’s own risk and Visible Alpha disclaims any liability for use of the Visible Alpha data. Although the information is obtained or compiled from reliable sources Visible Alpha neither can nor does guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, sequence, timeliness, completeness or continued availability of any information or data, including third-party content, made available herein. In no event shall Visible Alpha be liable for any decision made or action or inaction taken in reliance on any information or data, including third-party content. Visible Alpha further explicitly disclaims, to the fullest extent permitted by applicable law, any warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose and non-infringement.

The consensus figures do not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Before making an investment decision, a prospective investor should consider its particular investment needs, objectives and financial circumstances, and should seek appropriate professional advice, tailored to the investor's circumstances. Any investment in securities is subject to investment risks.

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