Full Year 2020 BHP Group PLC Earnings Call (Q&A) - Session 2 Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the BHP 2020 financial results investor and analyst Q&A session.
I advise you that this conference is being recorded today. (Operator Instructions)
I'd now like to hand the conference over to Mike Henry, Chief Executive Officer, BHP Group.
Hello, everyone. Thank you for joining Peter and I to discuss our results for the 2020 financial year.
I'm going to say a few comments before opening it up for questions. Firstly, we are proud to have safely delivered a very strong set of operational and financial results for the year in spite of everything the world needed to contend with over the course of the year. We've delivered $22 billion in EBITDA and operating margin of 53%. We've managed to lower average unit costs by 9% across our major assets, underlying earnings per share up on last year, return on capital employed at 17%, and the balance sheet remains strong, with net debt closing the year at the bottom of the
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