Site menu

Search by ticker code:
Generic filters


Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Did You Miss BHP Billiton Limited’s Report?

 BHP Billiton Limited (ASX: BHP) reported its result for the half year to 31 December 2017.

BHP Billiton is Australia’s largest resource company and one of the largest in the world.

Here are some of the highlights compared to last year, all of the numbers are in US dollars:

  • Underlying day to day trading, or EBITDA, up 14% to $11.2 billion (What the heck is EBITDA?)
  • Underlying attributable profit up 25% to $4.1 billion
  • Underlying earnings per share up 25% to 76.1 US cents
  • Attributable profit down 37% to $2 billion
  • Dividend per share up 38% to 55 US cents

There are four segments to BHP Billiton’s business, they are iron ore, petroleum, coal and copper. Iron ore makes up 38% of EBITDA, petroleum makes up 18% of EBITDA, coal makes up 16% of EBITDA and copper makes up 28% of EBITDA.

The iron ore EBITDA decreased by 3%, the petroleum EBITDA grew by 2%, the coal EBITDA decreased by 11% and the copper EBITDA rose by 83%.

In FY18 BHP Billiton is looking to maximise cash flow with 6% copper equivalent volume growth and it expects free cash flow in this financial year to be more than US$12 billion at spot prices.

Management say they will maintain capital discipline and expect net debt will be in the target range of US$10 billion to US$15 billion. Capital expenditure guidance is unchanged at US$6.9 billion.

The return on capital employed was up to 12.8% and BHP Billiton will be paying out US$2.9 billion in dividends, which was US$0.9 billion over the minimum 50% payout.

BHP Billiton CEO Andrew Mackenzie said “Higher commodity prices and a solid operating performance delivered free cash flow of US$4.9 billion. We used this cash to further reduce net debt and increase returns to shareholders through higher dividends.”

We remain firm in our resolve to maximise cash flow, maintain discipline and increase shareholder value and returns. – Mackenzie

The BHP share price is down 4.24% on the London Stock Exchange so far, according to Google Finance.

Join Rask’s Investor Club Newsletter Today

You can join Rask’s FREE investor’s club newsletter today for all of the latest news and education on investing. Join today – it doesn’t cost a thing. BUT, you’ll need a good sense of humour and a willingness to learn.

Join today.

Keep Reading


Disclaimer: This article contains general information only. It is no substitute for licensed financial advice and should not be relied upon. By using our website you agree to our Disclaimer & Terms of Use and Privacy Policy.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content