Antofagasta plc (ANTO) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Antifragasta's 2024 Half Year Results Call. We will start today's session with a short introduction from Antifragasta to be followed by a question and answer session. If you have a question, we ask that you please use the raise hand function at the bottom of your Zoom screen. If you have joined us via telephone, please press star 9 to raise your hand and star 6 to unmute. Once your name has been announced, you may unmute and ask a question. Please stay muted when not asking a question. You may also type a written question anytime in the Q&A box at the bottom of your screen. I will now hand you over to Rosario Orchard, Director of Antofagasta's London office, to introduce today's speakers. Good morning, good afternoon, everybody. Welcome to our half-year call for 2024. I'm here today with our Chief Executive, Iván Arriaga, our CFO, Mauricio Ortiz, and our Vice President of Sustainability, Alejandra Vial. In terms of process today, Iván will start with a short introduction, and then we'll move straight into Q&A, and we'll aim to wrap up in one hour. Iván, over to you. Thank you, Rosario, and welcome everybody to the call and for taking the time to discuss Antofagasta's half-year results. I know you will have seen the details that we published this morning, but I would like to highlight as a way of introduction a few key points. Firstly, I would say that we have delivered another positive set of financial results. Revenue is up 2%, EBITDA is up 5%, and most importantly, cash flow is up 15%. We think copper plays a vital role in the transition to clean energy, and with the supply of demand expected to lag rising demand over the next decade. We have made this year investments which we will continue to undertake as we go through this investment phase a...