Valterra Platinum Limited (VALT) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. My name is Teto Maage. I am the head of investor relations at Anglo American Platinum. Thank you for taking the time to join us today for our annual results, both in person as well as online. I would like to draw your attention to the question of the statement that is actually on screen. And I would appreciate if you could actually read it in full at your own time. We have, at the end, allocated time for Q&As at the end of the presentation. So with that said, I will now hand over to our CEO, Craig Miller, followed by Sayuri Naidoo, our acting CFO, to take us through the presentation. Thanks, Craig. Over to you. Thanks, Teto. Good morning, and welcome to the presentation of our 2023 annual results. I'd like to acknowledge our chairman, Norman Mbazima, and some of the members of our board who are here today, as well as our regional director for Africa-Australia, Tembo Mkhonazi, John Weiss, Steve Peary, who are with us in the room, as well as the Anglo-Platinum Management Committee. I'll take you through our operational and market performance for the year. So Yuri will then take you through the financial results, after which we'll spend some time looking ahead and then taking your questions. So before I get into the results for the year, I'd like to start by giving you a sense of the several external factors which influenced our results in the year, many of which remain out of our control. The global market volatility, the exchange rates and interest rate uncertainties, and above CPI cost increases, and notably a 35% decrease in the PGM dollar basket price, all had a significant impact on our results. Despite this tough operating environment, we delivered on a number of our commitments. However, in responding to the challenges, we are...