New Hope Corporation Limited (NHC) Q4 2024 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for New Hope Corporation Limited.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.655 Hi, I'm Rob Bishop, the CEO of New Hope Group. 00:00:03.655 -- 00:00:08.461 Today we released our financial results for the year ended 31 July 2024. 00:00:08.461 -- 00:00:12.786 I'll take you through some of the highlights now, alongside our CFO Rebecca Rinaldi, 00:00:12.786 -- 00:00:17.990 but I encourage you to review the full reporting suite available on our website. 00:00:17.992 -- 00:00:21.976 While this year we've seen positive production outcomes at our mines, I first wanted 00:00:21.976 -- 00:00:27.197 to talk about safety. Regrettably, our total recordable injury frequency rate 00:00:27.197 -- 00:00:31.964 has increased from 2.12 at the end of FY23 to 5.32 00:00:32.069 -- 00:00:37.082 this financial year. The safety of our people is paramount and takes a precedence over 00:00:37.082 -- 00:00:42.771 other aspects of our business. Whilst any deterioration in safety performance is disappointing, 00:00:42.771 -- 00:00:47.136 it's important to note the restart of operations at Ackland Mine in Queensland means 00:00:47.136 -- 00:00:51.641 we have new people operating new equipment, resulting in additional operating hours and 00:00:51.641 -- 00:00:55.445 naturally a higher likelihood for an incident to occur. 00:00:55.445 -- 00:00:59.850 Additionally, there were no critical incidents during the year and the majority of injuries 00:00:59.850 -- 00:01:02.367 were minor first aid cases. 00:01:02.367 -- 00:01:07.173 Our full focus is on reversing this trend and performance has already started to improve 00:01:07.173 -- 00:01:11.939 with initiatives including targeted training, analysing exposure risks and reviewing 00:01:11.939 -- 00:01:16.062 fitness for work criteria already being implemented. 00:01:16.164 -- 00:01:21.110 Turning t...