BHP Group Limited — AGM Information 2015

Oct 22, 2015

==> picture [86 x 51] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 2015

Disclaimer

Forward-looking statements

This presentation contains forward looking statements, including trends in commodity prices, strategies and objectives of management, future performance and future opportunities.

These forward-looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained in this presentation. Readers are cautioned not to put undue reliance on forward-looking statements.

Except as required by applicable regulations or by law, BHP Billiton does not undertake any obligation to publicly update or review any forward-looking statements whether as a result of new information or future events. Past performance cannot be relied on as a guide to future performance.

Non-IFRS financial information

BHP Billiton results are reported under International Financial Reporting Standards (IFRS) including Underlying EBIT and Underlying EBITDA which are used to measure segment performance. This presentation may also include certain non-IFRS measures including Underlying EBIT margin, Underlying EBITDA margin, Free cash flow and Net debt. These measures are used internally by management to assess the performance of our business, make decisions on the allocation of our resources and assess operational management. NonIFRS measures have not been subject to audit or review and should not be considered as an indication of or alternative to an IFRS measure of profitability, financial performance or liquidity.

No offer of securities

Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell BHP Billiton securities in any jurisdiction, or be treated or relied upon as a recommendation or advice by BHP Billiton.

Reliance on third-party information

The views expressed in this presentation contain information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. This presentation should not be relied upon as a recommendation or forecast by BHP Billiton.

No financial or investment advice – South Africa

BHP Billiton does not provide any financial or investment ‘advice’, as that term is defined in the South African Financial Advisory and Intermediary Services Act 37 of 2002, and we strongly recommend that you seek professional advice.

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

2

==> picture [86 x 51] intentionally omitted <==

Jac Nasser Chairman

==> picture [663 x 175] intentionally omitted <==

Changes to the Board

==> picture [175 x 215] intentionally omitted <==

Anita Frew

==> picture [175 x 215] intentionally omitted <==

Shriti Vadera

==> picture [174 x 215] intentionally omitted <==

Carlos Cordeiro

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

Sir John Buchanan

==> picture [410 x 241] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

5

Forum on Corporate Responsibility

==> picture [129 x 86] intentionally omitted <==

==> picture [129 x 86] intentionally omitted <==

==> picture [126 x 86] intentionally omitted <==

==> picture [129 x 86] intentionally omitted <==

==> picture [129 x 86] intentionally omitted <==

Greg Bourne[1 ] Australia

Mick Dodson Australia

Cristina Echavarria Colombia

Tommy Garnett Simon Longstaff Sierra Leone Australia

==> picture [128 x 86] intentionally omitted <==

==> picture [128 x 86] intentionally omitted <==

==> picture [128 x 86] intentionally omitted <==

==> picture [129 x 86] intentionally omitted <==

Yaa Ntiamoa-Baidu Ghana

Ray Offenheiser USA

Phil Vernon United Kingdom

Changhua Wu

China

==> picture [55 x 33] intentionally omitted <==

1. Term concluded 30 June, 2015

BHP Billiton Plc Annual General Meeting 22 October 2015

6

Our Charter

==> picture [208 x 260] intentionally omitted <==

Our Values

Sustainability

Putting health and safety first , being environmentally responsible and supporting our communities.

Integrity Respect

Performance Simplicity Accountability

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

7

The global environment

==> picture [665 x 242] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

8

Commodity prices 2006 - 2015

==> picture [661 x 241] intentionally omitted <==

----- Start of picture text -----

Iron ore, Metallurgical coal, Energy coal, Crude oil (US$/unit) Copper, Gas (US$/unit)
Iron ore Metallurgical coal Energy coal Crude oil Copper Gas
300 18
250 15
200 12
150 9
100 6
50 3
0 0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
----- End of picture text -----

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

9

Our unique portfolio

Iron Ore

==> picture [152 x 228] intentionally omitted <==

Coal

==> picture [151 x 228] intentionally omitted <==

Petroleum

==> picture [151 x 228] intentionally omitted <==

Copper

==> picture [151 x 228] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

10

Focused on the fundamentals

Over the last 10 years, your company:

Achieved cumulative growth in Total Shareholder Returns of about 115% in Sterling

Generated operating cash flows of more than US$260 billion[1 ] Sold US$8.5 billion of assets, as well as demerging South32

==> picture [55 x 33] intentionally omitted <==

1. Based on total operations

BHP Billiton Plc Annual General Meeting 22 October 2015

11

Global economies are going through a major transition

==> picture [665 x 242] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

12

Financial performance for FY2015

Delivered a solid set of operational results Maintained sector leading margins[1 ] Generated US$6.3 billion of free cash flow[2 ] Reduced net debt by 5 per cent to US$24.4 billion Invested in growth

1. Underlying EBITDA margins exclude exceptional items, third party trading and discontinued operations. Peer group comprises Rio Tinto, Anglo American and Vale. 2. Presented on a continuing operations basis to exclude the contribution from assets that were demerged with South32

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

13

Financial performance in FY2015

Long term credit rating

Standard & Poor’s 2015 A+ 2014 2013 2012 2011 A+ A+ A+ A+	Moody’s 2015 A1 2014 2013 2012 2011 A1 A1 A1 A1

Dividend per ordinary share

==> picture [223 x 192] intentionally omitted <==

----- Start of picture text -----

US cents
150
121 124
116
100
50
0
FY2013 FY2014 FY2015
----- End of picture text -----

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

14

Our economic contribution

==> picture [182 x 256] intentionally omitted <==

BHP Billiton is committed to being a leader in further enhancing disclosure and transparency.

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

15

Our broader contribution

Suppliers

Shareholders and investors

Employees

==> picture [84 x 64] intentionally omitted <==

==> picture [85 x 58] intentionally omitted <==

==> picture [93 x 60] intentionally omitted <==

US$16.1 billion US$4.9 billion US$7.2 billion[1]

Government payments

==> picture [69 x 58] intentionally omitted <==

US$7.3 billion

Community contribution

US$225 million[2 ]

==> picture [69 x 35] intentionally omitted <==

Total economic contribution US$35.7 billion[3 ]

Community

1. Shareholders and investors includes US$6.6 billion of dividends attributable to members of the BHP Billiton Group and US$0.6 billion of interest expense.

2. Community contribution includes cash, and in-kind support transferred directly to communities and administrative costs (US$142 million) and funds transferred to BHP Billiton Foundation for which communities are the future beneficiaries (US$83 million). Includes payments made by equity accounted investments and operations demerged to form South32.

3. The total economic contributions made during the financial year ended 30 June 2015 of US$35.7 billion is determined by combining total payments to governments of US$7.3 billion (determined on a cash paid basis), payments to suppliers of US$16.1 billion, employee expenses of US$4.9 billion, distributions to shareholders and investors of US$7.2 billion (determined on an accruals basis) and community contribution of US$225 million.

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

16

Climate Change: Portfolio Analysis

==> picture [182 x 256] intentionally omitted <==

1. Our perspective on climate change 2. Our action on climate change 3. Our approach to portfolio management 4. Portfolio impacts in a 2°C world

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

17

Ongoing energy demand

==> picture [664 x 242] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

18

Role of our commodities

==> picture [217 x 242] intentionally omitted <==

==> picture [216 x 242] intentionally omitted <==

==> picture [217 x 242] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

19

The best long life assets in the best locations

==> picture [665 x 242] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

20

Our people

==> picture [664 x 242] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

21

==> picture [86 x 51] intentionally omitted <==

Andrew Mackenzie Chief Executive Officer

==> picture [663 x 175] intentionally omitted <==

Health and safety are paramount

Total Recordable Injury Frequency (TRIF)[1 ]

==> picture [484 x 217] intentionally omitted <==

----- Start of picture text -----

6
4
2
0
FY2011 FY2012 FY2013 FY2014 FY2015
----- End of picture text -----

1. Number of recordable injuries per million hours worked, presented on a total operations basis

Our overriding commitment is to ensuring the safety of our people , and respecting our environment and the communities in which we work.

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

23

Health and safety are paramount

==> picture [665 x 242] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

24

Operational review

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Iron Ore
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Coal
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Petroleum
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Copper
----- End of picture text -----

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

25

Operational review

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Iron Ore
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Coal
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Petroleum
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Copper
----- End of picture text -----

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

26

Operational review

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Iron Ore
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Coal
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Petroleum
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Copper
----- End of picture text -----

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

27

Operational review

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Iron Ore
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Coal
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Petroleum
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Copper
----- End of picture text -----

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

28

Operational review

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Iron Ore
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Coal
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Petroleum
----- End of picture text -----

==> picture [152 x 256] intentionally omitted <==

----- Start of picture text -----

Copper
----- End of picture text -----

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

29

Financial performance

==> picture [34 x 34] intentionally omitted <==

US$4.1 billion

sustainable productivity gains in FY2015[1 ]

==> picture [34 x 34] intentionally omitted <==

US$10 billion annualised productivity gains since FY2012

==> picture [34 x 34] intentionally omitted <==

34 per cent increased production since FY2012[3 ]

==> picture [34 x 34] intentionally omitted <==

30 per cent reduction in average unit costs from their peak in 2011[4]

==> picture [34 x 34] intentionally omitted <==

US$11 billion FY2015 annual capital & exploration[5 ]

==> picture [34 x 34] intentionally omitted <==

US$8.5 billion

FY2016(e) annual capital & exploration[5 ]

1. Continuing operations

2. Represents annualised volume and cost productivity gains relative to FY2012

3. Using group copper equivalent units on continuing operations

4. Presented on a total operations basis. Unit costs are calculated using Group copper equivalent production based on FY13 average realised prices

5. BHP Billiton share (continuing operations), excludes capitalised deferred stripping and non-controlling interests; includes BHP Billiton proportionate share of equity accounted investments

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

30

Over the past decade we have…

==> picture [34 x 35] intentionally omitted <==

Generated more than US$260 billion[1] of operating cash flows

==> picture [34 x 34] intentionally omitted <==

Created US$100 billion of value

==> picture [34 x 35] intentionally omitted <==

==> picture [34 x 34] intentionally omitted <==

Increased underlying EBITDA margin to 50 per cent[2] Delivered 6.5 per cent annual volume growth[3]

1. Based on total operations

2. Continuing operations

3. Using group copper equivalent units on continuing operations

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

31

BHP Billiton core portfolio*

==> picture [86 x 57] intentionally omitted <==

WA Iron Ore Australia

==> picture [86 x 58] intentionally omitted <==

==> picture [86 x 57] intentionally omitted <==

==> picture [86 x 57] intentionally omitted <==

==> picture [86 x 57] intentionally omitted <==

==> picture [86 x 57] intentionally omitted <==

==> picture [86 x 57] intentionally omitted <==

Samarco Queensland Coal NSW Energy Coal Cerrejón Olympic Dam Escondida Brazil Australia Australia Colombia Australia Chile

==> picture [86 x 58] intentionally omitted <==

Pampa Norte Chile

==> picture [86 x 56] intentionally omitted <==

==> picture [86 x 58] intentionally omitted <==

==> picture [86 x 58] intentionally omitted <==

==> picture [86 x 58] intentionally omitted <==

==> picture [86 x 58] intentionally omitted <==

==> picture [86 x 58] intentionally omitted <==

==> picture [520 x 20] intentionally omitted <==

----- Start of picture text -----

Antamina Onshore US Shenzi Angostura Pyrenees Macedon
Peru United States United States Trinidad & Tobago Australia Australia
----- End of picture text -----

==> picture [86 x 57] intentionally omitted <==

==> picture [86 x 56] intentionally omitted <==

==> picture [86 x 57] intentionally omitted <==

==> picture [86 x 57] intentionally omitted <==

==> picture [86 x 57] intentionally omitted <==

Atlantis Mad Dog Bass Strait North West Shelf Jansen project United States United States Australia Australia Canada

• Note: Excludes Nickel West which remains with the portfolio as non core, and New Mexico Coal and several smaller petroleum assets which are under review.

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

32

Ongoing productivity focus

==> picture [51 x 10] intentionally omitted <==

----- Start of picture text -----

Iron Ore
----- End of picture text -----

==> picture [31 x 10] intentionally omitted <==

----- Start of picture text -----

Coal
----- End of picture text -----

==> picture [160 x 161] intentionally omitted <==

==> picture [161 x 161] intentionally omitted <==

Reduce costs to Reduce costs to US$15 per tonne US$61 per tonne

==> picture [46 x 12] intentionally omitted <==

----- Start of picture text -----

Copper
----- End of picture text -----

Petroleum

==> picture [163 x 162] intentionally omitted <==

==> picture [163 x 161] intentionally omitted <==

Improve recoveries Reduce costs by 15 per cent Lower drilling costs

Increase volumes by 7 per cent

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

33

Disciplined capital management

Capital and exploration expenditure (US$ billion)[1 ]

25

==> picture [83 x 169] intentionally omitted <==

20

15

==> picture [83 x 116] intentionally omitted <==

10

5 0

==> picture [36 x 9] intentionally omitted <==

----- Start of picture text -----

FY2013
----- End of picture text -----

==> picture [36 x 9] intentionally omitted <==

----- Start of picture text -----

FY2014
----- End of picture text -----

1. BHP Billiton share, continuing operations

==> picture [82 x 88] intentionally omitted <==

FY2015

==> picture [83 x 68] intentionally omitted <==

FY2016e

==> picture [82 x 56] intentionally omitted <==

FY2017e

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

34

Unlocking additional production

Permian - Petroleum Ongoing resource development Caval Ridge Iron Ore - Coal Productivity Expand improvements production Escondida - Copper Olympic Dam - Copper Los Colorados extension Higher grade output

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

35

High value growth options

==> picture [666 x 236] intentionally omitted <==

----- Start of picture text -----

Mad Dog - Petroleum
Phase 2 expansion
Olympic Dam - Copper
Spence - Copper
Underground expansion
Addition of concentrator for processing
----- End of picture text -----

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

36

Longer term opportunities

==> picture [665 x 241] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

37

Effective response to climate change

==> picture [665 x 242] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

38

Greenhouse gas reduction

Greenhouse gas emissions (MtCO2-e)

==> picture [627 x 217] intentionally omitted <==

----- Start of picture text -----

60
FY2006 emissions baseline
40 South32 adjustment
Scope 2
20
Scope 1
0
FY2011 FY2012 FY2013 FY2014 FY2015
----- End of picture text -----

Note: In order to provide year-on-year comparison, we have shown outcomes with South32 assets included for the full FY2015.

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

39

Collaborating to achieve global reductions

==> picture [665 x 242] intentionally omitted <==

SaskPower Carbon Capture Test Facility, Canada

Image supplied by SaskPower

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

40

Commitment to biodiversity and conservation

==> picture [321 x 242] intentionally omitted <==

==> picture [321 x 242] intentionally omitted <==

Five Rivers, Tasmania

Valdivia, Chile

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

41

Our broader contribution

==> picture [665 x 242] intentionally omitted <==

Liang Karo, Kalimantan, Indonesia

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

42

Delivering sector leading productivity

==> picture [664 x 242] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

43

Our people are our greatest resource

==> picture [665 x 241] intentionally omitted <==

==> picture [55 x 33] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 22 October 2015

44

==> picture [86 x 51] intentionally omitted <==

BHP Billiton Plc Annual General Meeting 2015