Santos Limited (STO) Q2 2023 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.267 -- 00:00:05.615 Thank you and good morning and welcome to Santosi's 2023 half-year results question 00:00:05.615 -- 00:00:08.198 and answer investor call. 00:00:08.198 -- 00:00:11.964 Joining me today is Chief Financial Officer Anthea McKinnell. 00:00:11.964 -- 00:00:17.071 Anthea and I recorded a video presentation on today's results which you can find on 00:00:17.071 -- 00:00:20.636 our website along with the presentation. 00:00:20.636 -- 00:00:23.961 We're not going to repeat the video presentation on this call. 00:00:23.961 -- 00:00:27.606 We will, however, be happy to take your questions. 00:00:27.606 -- 00:00:32.147 Before we do that, I'd like to start by acknowledging the traditional lands of the Kaurna 00:00:32.147 -- 00:00:36.275 people of the Adelaide Plains from where I am speaking today. 00:00:36.275 -- 00:00:41.345 I pay my respects to their elders, past, present, and emerging, and I also 00:00:41.345 -- 00:00:46.195 acknowledge and recognize the support of traditional owners and indigenous people everywhere 00:00:46.195 -- 00:00:52.944 Santos operates, including in Papua New Guinea, Timor-Leste, and Alaska. 00:00:53.930 -- 00:00:58.575 I'm pleased to present yet another solid set of financial results that demonstrate the 00:00:58.575 -- 00:01:03.821 success of a disciplined operating model. Santos continues to generate strong cash 00:01:03.821 -- 00:01:07.965 flow despite the challenging operating environment. 00:01:07.965 -- 00:01:12.109 I'd also like to touch on some of the highlights from this result. 00:01:12.109 -- 00:01:18.036 In the first half of 2023, Santos generated sales revenue of $3 billion, 00:01:18.036 -- 00:01:23.206 EBITDAX of $2.1 billion, free cash flow from operations 00:01:23.206 -- 00:01:29.358 of $1.1 billion, ...