Financial Supplement - Pt 2

Broken Hill Proprietary Co Ld 27 September 2000 PART 2 BHP Business Results Australian $ Million Sales EBITDA Depreciation Operating Capital & revenue(a) before & amortisation profit before investment abnormal abnormal expenditure items(b) items and income tax(c) Year ended 30 June 2000 Minerals Steelmaking and Energy Materials Iron Ore 1 425 706 135 571 36 Coal 2 793 812 268 544 100 Hot Briquetted Iron 71 (242) 8 (250) 144 Manganese(e) 1 6 - 6 - Intra-divisional adjustment (31) (10) (10) 4 259 1 272 411 861 280 Non Ferrous & Industrial Materials South America Copper 1 733 753 216 537 102 Pacific Copper 703 104 104 - 26 EKATI(TM) diamonds(f) 343 263 35 228 28 Cannington silver-lead-zinc 475 154 45 109 11 Other Businesses(g)591 73 5 68 9 Intra-divisional adjustment - (7) (7) 3 845 1 340 405 935 176 Minerals Development 12 (113) 9 (122) 3 Divisional Activities (8) (61) 2 (63) (7) 8 108 2 438 827 1 611 452 Steel Flat Products 2 267 306 142 164 55 Coated Products 3 516 431 120 311 31 Discontinuing Operations(h) 3 452 294 166 128 195 Intra-divisional adjustment (1 970) 16 16 Divisional activities 121 (49) - (49) (9) 7 386 998 428 570 272 Petroleum(i) Bass Strait 1 850 1 097 197 900 141 North West Shelf 1 016 736 122 614 47 Liverpool Bay 522 403 186 217 29 Other Businesses 1 242 659 328 331 219 Marketing activities 1 387 14 - 14 1 Intra-divisional adjustment (943) - - Divisional activities (300) (376) - (376) - 4 774 2 533 833 1 700 437 Services 1 697 106 39 67 19 Net Unallocated Interest - 60 - 60 - Group and unallocated items (544) (476) 13 (489) 98 BHP Group 19 872 5 659 2 140 3 519 1 278 BHP Business Results Australian $ Million Net Exploration Assets (before tax) Gross(d) Charged to profit Year ended 30 June 2000 Minerals Steelmaking and Energy Materials Iron Ore 1 870 Coal 1 741 Hot Briquetted Iron 542 Manganese(e) 52 Intra-divisional adjustment ( 3) 4 202 Non Ferrous & Industrial Materials South America Copper 2 716 Pacific Copper 669 EKATI(TM) diamonds(f) 527 Cannington silver-lead-zinc 493 Other Businesses(g) (684) Intra-divisional adjustment - 3 721 Minerals Development 349 Divisional Activities 19 8 291 101 92 Steel Flat Products 1 764 Coated Products 1 777 Discontinuing Operations(h) 2 370 Intra-divisional adjustment (40) Divisional activities (21) 5 850 - - Petroleum(i) Bass Strait 711 North West Shelf 1 159 Liverpool Bay 527 Other Businesses 1 136 Marketing activities (15) Intra-divisional adjustment (7) Divisional activities 4 247 190 3 515 247 190 Services 57 - - Net Unallocated Interest (6 967) - - Group and unallocated items 259 - - BHP Group 11 005 348 282 (a) Sales revenues do not add to the BHP Group figure due to intersegment sales (b) EBITDA is earnings before borrowing costs, income tax, depreciation and amortisation. (c) Result for all Businesses except Net Unallocated Interest is EBIT (earnings before borrowing costs and income tax). (d) Includes capitalised exploration. (e) Principal manganese assets were sold in December 1998. (f) Production at EKATI(TM) diamond mine commenced in October 1998. (g) Includes North America Copper mining and smelting operations which ceased in June 1999, Beenup mineral sands operation, which was closed in April 1999, and Hartley Platinum mine where operations were suspended pending conditional sale in June 1999. (h) Includes the Long Products business, Newcastle primary steelmaking operations, US steel assets, Lifting Products, Tubemakers Water and strip casting assets. (i) Petroleum sales revenue includes: Crude oil $3,274 million, Natural gas $426 million, LNG $398 million, LPG $305 million and Other $371 million. 7 BHP Business Results Australian $ Million Sales EBITDA Depreciation Operating Capital & revenue(a) before & amortisation profit before investment abnormal abnormal expenditure items(b) items and income tax(c) Year ended 30 June 1999 Minerals Steelmaking and Energy Materials Iron Ore 1 595 777 135 642 83 Coal 3 207 976 282 694 183 Hot Briquetted Iron 13 ( 47) 6 ( 53) 511 Manganese(e) 243 61 10 51 4 Intra-divisional adjustment ( 12) - - 5 046 1 767 433 1 334 781 Non Ferrous & Industrial Materials South America Copper 1 488 518 178 340 382 Pacific Copper 719 168 106 62 25 North America Copper(f) 1 182 ( 40) 101 ( 141) 129 EKATI(TM) diamonds(g) 96 92 23 69 45 Cannington silver-lead-zinc 373 102 55 47 19 Other Businesses(h) 89 ( 75) 21 ( 96) 19 Intra-divisional adjustment ( 21) 4 4 3 926 769 484 285 619 Minerals Development 46 ( 257) 16 ( 273) 12 Divisional Activities ( 7) ( 92) 3 ( 95) 2 9 011 2 187 936 1 251 1 414 Steel Flat Products 2 291 269 144 125 122 Coated Products 3 388 358 144 214 41 Discontinuing Operations(i) 4 263 222 196 26 220 Intra-divisional adjustment (2 386) 18 18 ( 5) Divisional activities 83 ( 21) - ( 21) 1 7 639 846 484 362 379 Petroleum(j) Bass Strait 964 473 142 331 298 North West Shelf 609 415 84 331 100 Liverpool Bay 321 218 164 54 66 Other Businesses 666 163 309 ( 146) 280 Marketing activities 471 10 3 7 13 Intra-divisional adjustment ( 195) - - Divisional activities 4 ( 50) - ( 50) - 2 840 1 229 702 527 757 Services 2 040 180 64 116 35 Net Unallocated Interest - 104 - 104 - Group and unallocated items ( 255) ( 700) 17 ( 717) 102 BHP Group 19 287 3 846 2 203 1 643 2 687 BHP Business Results Australian $ Million Net Exploration Assets (before tax) Gross(d) Charged to profit Year ended 30 June 1999 Minerals Steelmaking and Energy Materials Iron Ore 1 989 Coal 1 876 Hot Briquetted Iron 1 660 Manganese(e) 42 Intra-divisional adjustment ( 3) 5 564 Non Ferrous & Industrial Materials South America Copper 2 443 Pacific Copper 702 North America Copper(f) ( 678) EKATI(TM) diamonds(g) 612 Cannington silver-lead-zinc 522 Other Businesses(h) ( 36) Intra-divisional adjustment ( 2) 3 563 Minerals Development 172 Divisional Activities ( 27) 9 272 282 276 Steel Flat Products 1 881 Coated Products 1 916 Discontinuing Operations(i) 2 896 Intra-divisional adjustment ( 48) Divisional activities ( 7) 6 638 - - Petroleum(j) Bass Strait 804 North West Shelf 1 154 Liverpool Bay 620 Other Businesses 1 573 Marketing activities 57 Intra-divisional adjustment - Divisional activities 23 323 201 4 231 323 201 Services 53 - - Net Unallocated Interest (10 457) - - Group and unallocated items 48 - - BHP Group 9 785 605 477 (a) Sales revenues do not add to the BHP Group figure due to intersegment sales (b) EBITDA is earnings before borrowing costs, income tax, depreciation and amortisation. (c) Result for all Businesses except Net Unallocated Interest is EBIT (earnings before borrowing costs and income tax). (d) Includes capitalised exploration. (e) Principal manganese assets were sold in December 1998. (f) North America Copper mining and smelting operations ceased during the 12 month period ended 31 December 1999. (g) Production at EKATI(TM)diamond mine commenced in October 1998. (h) Includes Beenup mineral sands operation, which was closed in April 1999, and Hartley Platinum mine where operations were suspended pending conditional sale in June 1999. (i) Includes the Long Products business, Newcastle primary steelmaking operations, US steel assets, Lifting Products, Tubemakers Water and strip casting assets. (j) Petroleum sales revenue includes: Crude oil $1,421 million, Natural gas $499 million, LNG $319 million, LPG $165 million and Other $436 million. 8 BHP Business Results Australian $ Million Sales EBITDA Depreciation Operating Capital & revenue(a) before & amortisation profit before investment abnormal abnormal expenditure items(b) items and income tax(c) Year ended 30 June 1998 Minerals Steelmaking and Energy Materials Iron Ore 1 603 789 138 651 245 Coal 3 384 822 288 534 381 Hot Briquetted Iron - ( 4) - ( 4) 840 Manganese(e) 389 111 22 89 17 Intra-divisional adjustment ( 5) - - 5 371 1 718 448 1 270 1 483 Non Ferrous & Industrial Materials South America Copper 1 628 621 156 465 448 Pacific Copper 431 24 56 ( 32) 14 North America Copper(f) 1 375 138 177 ( 39) 178 EKATI(TM) diamonds(g) - 15 - 15 183 Cannington silver-lead-zinc 178 42 16 26 173 Other Businesses(h) 38 ( 99) 35 ( 134) 17 Intra-divisional adjustment ( 71) ( 4) ( 4) 3 579 737 440 297 1 013 Minerals Development 73 ( 243) 24 ( 267) 11 Divisional Activities ( 7) ( 110) 2 ( 112) 3 9 016 2 102 914 1 188 2 510 Steel Flat Products 2 621 446 145 301 141 Coated Products 3 571 501 148 353 123 Discontinuing Operations(i) 4 597 376 193 183 229 Intra-divisional adjustment (2 687) ( 2) ( 2) Divisional activities 164 ( 55) 2 ( 57) - 8 266 1 266 488 778 493 Petroleum(j) Bass Strait 1 438 815 161 654 216 North West Shelf 710 508 87 421 58 Liverpool Bay 393 278 174 104 57 Hawaii(k) 1 186 95 46 49 58 Other Businesses 667 245 267 ( 22) 454 Marketing activities 798 ( 10) 3 ( 13) 37 Intra-divisional adjustment (867) - - Divisional activities 62 4 - 4 - 4 387 1 935 738 1 197 880 Services 2 148 253 60 193 36 Net Unallocated Interest - 129 - 129 - Group and unallocated items ( 286) ( 643) 18 ( 661) 64 BHP Group 21 285 5 042 2 218 2 824 3 983 BHP Business Results Australian $ Million Net Exploration Assets (before tax) Gross(d) Charged to profit Year ended 30 June 1998 Minerals Steelmaking and Energy Materials Iron Ore 1 802 Coal 1 988 Hot Briquetted Iron 1 637 Manganese(e) 383 Intra-divisional adjustment ( 2) 5 808 Non Ferrous & Industrial Materials South America Copper 2 494 Pacific Copper 848 North America Copper(f) 1 185 EKATI(TM) diamonds(g) 570 Cannington silver-lead-zinc 588 Other Businesses(h) 503 Intra-divisional adjustment ( 3) 6 185 Minerals Development 284 Divisional Activities 98 12 375 295 224 Steel Flat Products 1 873 Coated Products 2 207 Discontinuing Operations(i) 3 504 Intra-divisional adjustment ( 60) Divisional activities ( 1) 7 523 - - Petroleum(j) Bass Strait 654 North West Shelf 1 176 Liverpool Bay 1 572 Hawaii(k) ( 42) Other Businesses 1 947 Marketing activities 26 Intra-divisional adjustment - Divisional activities 16 414 269 5 349 414 269 Services 537 - - Net Unallocated Interest (13 186) - - Group and unallocated items 99 - - BHP Group 12 697 709 493 (a) Sales revenues do not add to the BHP Group figure due to intersegment sales (b) EBITDA is earnings before borrowing costs, income tax, depreciation and amortisation. (c) Result for all Businesses except Net Unallocated Interest is EBIT (earnings before borrowing costs and income tax). (d) Includes capitalised exploration. (e) Principal manganese assets were sold in December 1998. (f) North America Copper mining and smelting operations ceased during the 12 month period ended 31 December 1999. (g) Production at EKATI(TM) diamond mine commenced in October 1998. (h) Includes Beenup mineral sands operation, which was closed in April 1999, and Hartley Platinum mine where operations were suspended pending conditional sale in June 1999. (i) Includes the Long Products business, Newcastle primary steelmaking operations, US steel assets, Lifting Products, Tubemakers Water and strip casting assets. (j) Petroleum sales revenue includes: Crude oil $1,933 million, Natural gas $610 million, LNG $342 million, LPG $203 million and Other $1,299 million. (k) Hawaii operation sold in May 1998. 9 BHP Business Results Australian $ Million Sales EBITDA Depreciation Operating Capital & revenue(a) before & amortisation profit before investment abnormal abnormal expenditure items(b) items and income tax(c) Year ended 30 June 1997 Minerals Steelmaking and Energy Materials Iron Ore 1 363 518 132 386 273 Coal 2 787 473 228 245 507 Hot Briquetted Iron - - - - 871 Manganese(e) 404 19 31 ( 12) 26 Intra-divisional adjustment - - - 4 554 1 010 391 619 1 677 Non Ferrous & Industrial Materials South America Copper 1 761 948 109 839 142 Pacific Copper 658 218 76 142 29 North America Copper(f) 1 362 213 188 25 135 EKATI(TM) diamonds(g) - 9 - 9 99 Cannington silver-lead-zinc - - - - 289 Other Businesses(h) 23 ( 7) 5 ( 12) 121 Intra-divisional adjustment (32) 7 7 3 772 1 388 378 1 010 815 Minerals Development 110 ( 224) 21 ( 245) 42 Divisional Activities ( 8) ( 108) 2 ( 110) 5 8 428 2 066 792 1 274 2 539 Steel Flat Products 2 479 396 145 251 142 Coated Products 3 373 292 136 156 253 Discontinuing Operations(i) 4 235 306 188 118 485 Intra-divisional adjustment ( 2 239) 33 33 ( 5) Divisional activities 245 ( 99) 5 ( 104) 4 8 093 928 474 454 879 Petroleum(j) Bass Strait 1 409 774 128 646 199 North West Shelf 620 493 91 402 47 Liverpool Bay 236 167 99 68 69 Hawaii(k) 1 365 74 53 21 59 Other Businesses 814 369 270 99 243 Marketing activities 706 ( 26) 3 ( 29) 1 Intra-divisional adjustment ( 815) - - Divisional activities - ( 56) - ( 56) ( 1) 4 335 1 795 644 1 151 617 Services 2 070 232 60 172 117 Net Unallocated Interest - 115 - 115 - Group and unallocated items 181 ( 34) 9 ( 43) 52 BHP Group 20 829 5 102 1 979 3 123 4 204 BHP Business Results Australian $ Million Net Exploration Assets (before tax) Gross(d) Charged to profit Year ended 30 June 1997 Minerals Steelmaking and Energy Materials Iron Ore 1 918 Coal 2 195 Hot Briquetted Iron 1 073 Manganese(e) 433 Intra-divisional adjustment (2) 5 617 Non Ferrous & Industrial Materials South America Copper 2 004 Pacific Copper 698 North America Copper(f) 2 187 EKATI(TM) diamonds(g) 229 Cannington silver-lead-zinc 375 Other Businesses(h) 824 Intra-divisional adjustment - 6 317 Minerals Development 263 Divisional Activities (4) 12 193 267 267 Steel Flat Products 1 936 Coated Products 2 641 Discontinuing Operations(i) 3 342 Intra-divisional adjustment (60) Divisional activities (8) 7 851 3 - Petroleum(j) Bass Strait 765 North West Shelf 1 141 Liverpool Bay 1 268 Hawaii(k) 520 Other Businesses 1 509 Marketing activities (13) Intra-divisional adjustment - Divisional activities 18 433 323 5 208 433 323 Services 599 - - Net Unallocated Interest (12 137) - - Group and unallocated items 58 - - BHP Group 13 772 703 590 (a) Sales revenues do not add to the BHP Group figure due to intersegment sales (b) EBITDA is earnings before borrowing costs, income tax, depreciation and amortisation. (c) Result for all Businesses except Net Unallocated Interest is EBIT (earnings before borrowing costs and income tax). (d) Includes capitalised exploration. (e) Principal manganese assets were sold in December 1998. (f) North America Copper mining and smelting operations ceased during the 12 month period ended 31 December 1999. (g) Production at EKATI(TM) diamond mine commenced in October 1998. (h) Includes Beenup mineral sands operation, which was closed in April 1999, and Hartley Platinum mine where operations were suspended pending conditional sale in June 1999. (i) Includes the Long Products business, Newcastle primary steelmaking operations, US steel assets, Lifting Products and Tubemakers Water. (j) Petroleum sales revenue includes: Crude oil $1,960 million, Natural gas $524 million, LNG $301 million, LPG $207 million and Other $1,343 million. (k) Hawaii operation sold in May 1998. 10 BHP Business Results Australian $ Million Sales EBITDA Depreciation Operating Capital & revenue(a) before & amortisation profit before investment abnormal abnormal expenditure items(b) items and income tax(c) Year ended June 1996 Minerals Steelmaking and Energy Materials Iron Ore 1 251 471 146 325 373 Coal 2 711 514 192 322 399 Hot Briquetted Iron - - - - 240 Manganese(f) 409 117 29 88 24 Intra-divisional adjustment - (3) (3) 4 371 1 099 367 732 1 036 Non Ferrous & Industrial Materials South America Copper 1 370 735 69 666 219 Pacific Copper 926 382 75 307 39 North America Copper(g) 779 112 84 28 2 500 EKATI(TM) - 1 - 1 3 diamonds(h) Cannington silver-lead-zinc - - - - 38 Other Businesses(i) 15 2 2 - 334 Intra-divisional adjustment (9) (8) (8) 3 081 1 224 230 994 3 133 Minerals Development 152 (125) 32 (157) 38 Divisional Activities (9) (142) 2 (144) 5 7 595 2 056 631 1 425 4 212 Steel Flat Products 2 682 501 130 371 1 041 Coated Products 3 504 244 120 124 262 Discontinuing Operations(j) 2 948 212 203 9 528 Intra-divisional adjustment (1 887) (50) (50) Divisional activities 252 (48) 3 (51) 13 7 499 859 456 403 1 844 Petroleum(k) Bass Strait 1 296 694 118 576 215 North West Shelf 499 375 102 273 57 Liverpool Bay 6 (1) 17 (18) 238 Hawaii(l) 1 427 105 44 61 49 Other Businesses 896 336 376 (40) 95 Marketing activities 39 (31) 1 (32) 3 Intra-divisional adjustment (103) - - - - Divisional activities 21 (79) - (79) 5 4 039 1 399 658 741 662 Services 2 160 193 61 132 105 Net Unallocated Interest - 123 - 123 - Group and unallocated items 275 68 7 61 12 BHP Group 19 240 4 698 1 813 2 885 6 835 BHP Business Results Net Exploration Assets(d) (before tax) Gross(c) Charged to profit Year ended June 1996 Minerals Steelmaking and Energy Materials Iron Ore 1 829 Coal 2 030 Hot Briquetted Iron 238 Manganese(f) 467 Intra-divisional adjustment (3) 4 561 Non Ferrous & Industrial Materials South America Copper 1 619 Pacific Copper 658 North America Copper(g) 2 764 EKATI(TM) diamonds(h) 175 Cannington silver-lead-zinc 76 Other Businesses(i) 560 Intra-divisional adjustment (4) 5 848 Minerals Development 363 Divisional Activities (12) 10 760 258 236 Steel Flat Products 1 978 Coated Products 2 531 Discontinuing Operations(j) 3 309 Intra-divisional adjustment (79) Divisional activities 22 7 761 - - Petroleum(k) n/a Bass Strait n/a North West Shelf n/a Liverpool Bay n/a Hawaii(1) n/a Other Businesses n/a Marketing activities n/a Intra-divisional adjustment n/a Divisional activities n/a 320 220 5 331 320 220 Services 2 030 - - Net Unallocated Interest (12 728) - - Group and unallocated items 172 - - BHP Group 13 326 578 456 (a) Sales revenues do not add to the BHP Group figure due to intersegment sales (b) EBITDA is earnings before borrowing costs, income tax, depreciation and amortisation. (c) Result for all Businesses except Net Unallocated Interest is EBIT (earnings before borrowing costs and income tax). (d) Data not available for Petroleum businesses. (e) Includes capitalised exploration. (f) Principal manganese assets were sold in December 1998. (g) North America Copper mining and smelting operations ceased during the 12 month period ended 31 December 1999. (h) Production at EKATI(TM) diamond mine commenced in October 1998. (i) Includes Beenup mineral sands operation, which was closed in April 1999, and Hartley Platinum mine where operations were suspended pending conditional sale in June 1999. (j) Includes the Long Products business, Newcastle primary steelmaking operations, US steel assets, Lifting Products, Tubemakers Water and strip casting assets. (k) Petroleum sales revenue includes: Crude oil $1,702 million, Natural gas $468 million, LNG $283 million, LPG $178 million and Other $1,408 million. (l) Hawaii operation sold in May 1998. 11 BHP Production and Shipments Years ended 30 June 2000 1999 1998 1997 1996 Minerals Steelmaking and Energy Materials Production Iron Ore - Western Australia ('000 t) 50 222 54 857 57 408 52 412 50 259 Iron Ore - Brazil ('000 t) 6 579 5 000 6 041 4 182 4 400 Coal ('000 t) 53 114 53 654 54 273 51 131 47 429 HBI ('000 t) 421 60 - - - Shipments Iron Ore - Western Australia ('000 t) 58 178 51 450 53 683 52 750 49 213 Coal ('000 t) 52 287 53 721 55 138 50 937 49 898 HBI ('000 t) 404 48 - - - Non Ferrous & Industrial Materials Production Copper in concentrate ('000 t) 722 916 839 969 597 Copper cathodes (SXEW) ('000 t) 112 74 66 71 178 Gold ('000 oz) 555 495 707 585 420 173 678 793 677 539 Silver in(lead) concentrate ('000 oz) 29 662 23 020 12 657 - - Lead in concentrate (tonnes) 200 480 156 163 81 046 - - Zinc in concentrate (tonnes) 61 754 45 551 21 887 - - Diamonds ('000 carats) 1 300 779 - - - Shipments Copper in concentrate ('000 t) 863 1 166 1 102 1 098 972 Copper cathodes (SXEW) ('000 t) 123 222 214 231 138 Gold ('000 oz) 616 831 991 304 631 172 783 566 704 377 Silver in concentrate ('000 oz) 31 321 24 257 9 712 - - Lead in concentrate (tonnes) 216 102 162 103 64 848 - - Zinc in concentrate (tonnes) 67 272 47 125 17 241 - - Steel Production Raw steel ('000 t) 7 296 8 228 8 938 8 422 8 631 Raw steel - Delta, Ohio USA ('000 t) 688 591 332 24 - Marketable steel products ('000 t) 8 174 8 264 8 728 8 266 8 205 Marketable steel products - Delta, Ohio USA ('000 t) 676 575 327 21 - Despatches Steel despatches ('000 t) 7 915 8 472 8 491 8 358 8 211 Steel despatches - Delta, Ohio USA ('000 t) 674 567 322 20 - Petroleum Production Crude oil & condensate ('000 bbl) 76 855 63 966 75 701 69 084 68 382 Natural gas (bcf) 178 172 190 193 208 LNG ('000 t) 60 60 58 52 55 LPG ('000 t) 688 592 738 660 657 Ethane ('000 t) 82 71 105 94 98 Methanol ('000 t) 35 36 36 38 35 Figures include BHP share of production from joint ventures and entities in which BHP holds an investment or partnership interest, and 100% of production from controlled entities. 12

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