Bluescope Steel Ltd (BLSFF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining us. I'm Tanya Archibald, Bluescope's Managing Director and Chief Executive Officer and with me today is David Fellew, our Chief Financial Officer. Together we'll take you through our results materials before we take your questions. I'd like to begin by acknowledging the traditional custodians of the various lands on which we meet and work today and pay my respects to elders past and present. Before I go any further, I need to address the most important issue for our company. In November, a young contractor, Jack McGrath, tragically lost his life whilst working on the number six blast furnace reline project at Port Kembla. The impact has been profound. A family lost someone they loved and the Bluescope community lost a colleague. I want to acknowledge how deeply this has affected everyone, our employees, our contractor partners and the local community. The SafeWork NSW investigation into the incident is continuing and we're cooperating fully. I won't comment further on the specifics. But what I will say is this, nothing matters more than the safety of our people. Every person who comes to work at a BlueScope site has the right to go home safely. That is non-negotiable. Our global safety refocus program continues and further improving our safety performance is my highest priority. Before I run through results, let me address the recent acquisition proposal. As I said two weeks ago, the board rejected that proposal and I supported that rejection. The board remains open to any proposal that genuinely reflects Bluescope's fundamental value, but we are not sitting here waiting. We're getting on the front foot to unlock Bluescope's value. Two weeks ago, I laid out my agenda as Bluescope transitions into a new era. Let me bring...