Page 264 - Annual Report 2020

6.1 Alternative Performance Measures continued
Underlying EBITDA – Segment
Group and
unallocated
Year ended 30 June 2020 items/
US$M Petroleum Copper Iron Ore Coal eliminations (2) Total Group
Profit from operations 744 1,362 12,310 793 (788) 14,421
Exceptional items included in profit from operations (1) 6 1,228 614 18 (413) 1,453
Depreciation and amortisation expense 1,445 1,740 1,608 807 512 6,112
Net impairments 12 426 22 14 20 494
Exceptional item included in Depreciation, amortisation and impairments (1) − (409) − − − (409)
Underlying EBITDA 2,207 4,347 14,554 1,632 (669) 22,071

Group and
Year ended 30 June 2019 unallocated
US$M items/
Restated Petroleum Copper Iron Ore Coal eliminations (2) Total Group
Profit from operations 2,480 2,587 8,426 3,400 (780) 16,113
Exceptional items included in profit from operations (1) − − 971 − (19) 952
Depreciation and amortisation expense 1,560 1,835 1,653 632 149 5,829
Net impairments 21 128 79 35 1 264
Exceptional item included in Depreciation, amortisation and impairments (1) − − − − − −
Underlying EBITDA 4,061 4,550 11,129 4,067 (649) 23,158

Group and
Year ended 30 June 2018 unallocated
US$M items/
Restated Petroleum Copper Iron Ore Coal eliminations (2) Total Group
Profit from operations 1,598 4,389 6,656 3,682 (329) 15,996
Exceptional items included in profit from operations (1) − − 539 − 27 566
Depreciation and amortisation expense 1,719 1,920 1,721 686 242 6,288
Net impairments 76 213 14 29 1 333
Exceptional item included in Depreciation, amortisation and impairments (1) − − − − − −
Underlying EBITDA 3,393 6,522 8,930 4,397 (59) 23,183
(1) For more information, refer to note 3 ‘Exceptional items’ in section 5.1.
(2) Group and unallocated items includes functions, other unallocated operations, including Potash, Nickel West and legacy assets (previously disclosed as closed mines
in the Petroleum reportable segment), and consolidation adjustments. Comparative information for the year ended 30 June 2019 and 30 June 2018 have been restated
to reflect the inclusion of legacy assets in Group and unallocated items.
Exceptional Exceptional item
items included in
included in Depreciation,
Year ended 30 June 2020 Profit from profit from Depreciation and Net amortisation and Underlying
US$M operations operations (1) amortisation impairments impairments (1) EBITDA
Potash (130) − 3 − − (127)
Nickel West (113) 5 68 3 − (37)
Corporate, legacy assets and eliminations (545) (418) 441 17 − (505)
Total (788) (413) 512 20 − (669)

Exceptional item
Exceptional included in
Year ended 30 June 2019 items included Depreciation,
US$M Profit from in profit from Depreciation and Net amortisation and Underlying
Restated operations operations (1) amortisation impairments impairments (1) EBITDA
Potash (131) − 4 − − (127)
Nickel West 91 − 11 − − 102
Corporate, legacy assets and eliminations (740) (19) 134 1 − (624)
Total (780) (19) 149 1 − (649)

Exceptional item
Exceptional included in
Year ended 30 June 2018 items included Depreciation,
US$M Profit from in profit from Depreciation and Net amortisation and Underlying
Restated operations operations (1) amortisation impairments impairments (1) EBITDA
Potash (139) − 4 − − (135)
Nickel West 215 − 76 − − 291
Corporate, legacy assets and eliminations (405) 27 162 1 − (215)
Total (329) 27 242 1 − (59)
(1) For more information, refer to note 3 ‘Exceptional items’ in section 5.1.

262 BHP Annual Report 2020