South32 Limited (S32) Q2 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.076 Thank you for standing by and welcome to the South 32 FY24 results investor and 00:00:05.076 -- 00:00:08.961 analyst call. All participants are in listen-only mode. 00:00:08.961 -- 00:00:12.505 There will be a presentation followed by a question and answer session. 00:00:12.505 -- 00:00:15.948 If you wish to ask a question, you will need to press the star key followed by the number 00:00:15.948 -- 00:00:20.153 one on your telephone keypad. I would now like to hand the conference over to Mr. 00:00:20.153 -- 00:00:24.787 Graham Kirk, Chief Executive Officer. Please go ahead. 00:00:24.787 -- 00:00:28.411 Thank you and good morning everyone and thanks for joining us today. 00:00:28.411 -- 00:00:32.676 On the call with me today is our Chief Financial Officer, Sandy Sabunala. 00:00:32.676 -- 00:00:35.019 Financial year 2024 00:00:35.019 -- 00:00:40.906 was a pivotal year for our business, a year in which we accelerated our portfolio transformation 00:00:40.906 -- 00:00:45.011 towards commodities critical for a low-carbon future. 00:00:45.011 -- 00:00:48.815 Before I go into more detail on the milestones we achieved this year, I'd like to talk 00:00:48.815 -- 00:00:50.588 about safety. 00:00:50.588 -- 00:00:55.656 We assess our safety performance through a range of both leading and lagging indicators. 00:00:55.656 -- 00:01:00.784 During the year, our significant hazard frequency, a leading indicator, increased by 00:01:00.784 -- 00:01:02.226 34%, 00:01:02.226 -- 00:01:06.092 indicating a positive reporting culture and increased hazard awareness. 00:01:06.092 -- 00:01:11.481 Our total recordable injury frequency for FI24, a lagging indicator, also 00:01:11.481 -- 00:01:13.505 improved by 14%. 00:01:13.505 -- 00:01:18.312 However, our lost ...