Hey everyone, I will be presenting a summary of BHP’s Balance sheet over the last few

years.
So from 2016 onwards, overall these has not been much change between total assets,
liabilities and owner’s equity as shown by this graph. We can see that there are no
significant increases or decreases present.

However, looking at this graph depicting assets and liabilities, there are some outstanding
results. BHP’s current assets have been increasing in progressively greater proportions
compared to our current liabilities. Most notably there was a significant increase from 2017
to 2018 with current assets rising by 66% in comparison to current liabilities rising by only
23%. This was primarily a result of assets being held for sale in the form of sale of interests
in Eagle Ford, Haynesville, Permian and Fayettville Onshore US oil and gas assets for a
combined $10.8 billion US dollars or about 15 and a half billion AUD.

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Therefore, looking at our ratios, at the end of the 2018 financial year, current ratio was 2.51
which is clearly a very strong number for us. It shows that we have sound liquidity at this
stage and will be able to meet our short term debts quite comfortably.

Looking at quick ratios, it has similarly been improving every year to 2.24 which also
indicates we have a sound ability to meet our immediate debts.

Finally, looking at debt ratios, it has hovered around 0.43 to 0.46 which is fairly low and
implies that we don’t need to rely heavily on borrowed funds. We are not at risk of falling
into huge debt and our cash flow is very sound.

Now, I will pass it on to Senan who will be presenting our income statements.

So right now BHP is in a good financial position, evidenced by our strong balance sheet and
the high levels of free cash flow that we are generating such as through steel raw materials.
We will be able to continue to expand and invest as we earn profits in the very near future.

However, with every passing year, the shift in demand from traditional energy sources such
as our coal, gas and petroleum (gesture to the right), to our renewable energy sources so
like our wind, tidal geothermal and solar energy (gesture to the left), will keep increasing,
disrupting BHP’s long-term growth. We are currently working on long-term strategies to
alleviate the effect it will have towards our market value and shares.

There are also other future obstacles that we will face such as when to get out of oil
production which our CEO Andrew Mackenzie last announced to be around 2040, as well as
the replacement of primary production by recycled materials. I don’t really have the time to
expand on those but we are addressing these future hurdles in our leadership team.

So now we will be happy to answer any questions that you all may have.