Fortescue Ltd (FMG) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much. Hello, everyone, and welcome to Fortescue's annual results presentation. Joining me today in Perth is Mark Hutchinson, Fortescue Energy Chief Executive Officer and Apple Padgett Chief Financial Officer. For those who have participated in our calls before, you know about our program called CEO for a Day, where we have aspiring leaders work with our leadership team to learn about the business. So I'm thrilled to welcome a true Fortescue legend, Angus Lane, a drill operator at Elewina, who joins us for CEO for the day. Angus is a proud Baramaya, Yamaji, Wukuri, Wurrumunga, and Arundo man. He joined Fortescue through our Vocational Training and Employment Center program, or VTEC, in January last year. Since completing VTEC, Angus has become an integral member of our Elewina Drill and Blast team, and I've been fortunate enough to see Angus in action while visiting site only a few weeks ago. We're really fortunate to have you here with us, mate. Welcome. Yeah, good morning. Thank you, Dino, for having me. I look forward to what CEO for a day has stored for me today, and, yeah, very much keen to see what goes on. Thanks, Angus. So our full-year result builds on a strong operational performance that we shared at our quarterly results only a few weeks ago. We achieved full-year shipments of 191.6 million tonnes while maintaining our industry-leading cost position with a hematite C1 of 1824 per tonne. Most importantly, we did this safely with our lowest ever trip for metals of 1.3, 28% improvement from the prior year, a truly amazing result. This coming year, we're aiming to build on this performance with FY25 guidance for total shipments of 190 to 200 million tonnes, which includes five to nine million tonnes from IronBridge. On the financial results, whi...