Valterra Platinum Limited (VALT) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Good morning and welcome to the presentation of our 2024 annual results. So thank you for taking the time to join us both in person and online. Let me start by acknowledging our chairman, Norman Bazima and Suresh Karma, members of the Anglo-American Platinum Board who are here in the room with us today, as well as members of the executive team of Anglo-Platts. So firstly, I'd like to draw your attention to the cautionary statement, which we'd appreciate if you could read in your own time. So now briefly turning to the agenda today. First, I'll touch on safety, after which I'll take you through an update on our action plan, our 2024 operational performance, after which we'll spend some time with the markets. So Yuri will then take you through the financial results and our targeted capital structure. I'll conclude our outlook and an update on our demerger from the Anglo-American group. We have allocated time for questions and answers at the end of the presentation, which Teto will facilitate. So let me start with safety. Our commitment to eliminating fatalities and achieving zero harm in the workplace is our most important priority. As previously announced, I am deeply saddened by the devastating loss of three of our colleagues at Amanda Bilt's Tshaba operation during the year. Our thoughts and prayers are with the friends, families, and colleagues of Sir Piso Mokale, Usman Nglebe, and Basanda Langeni. We have thoroughly reviewed and strengthened our safety efforts to prevent a reoccurrence. we do believe zero harm in mining is achievable. This is demonstrated by Michalakwena, Mototolo, and Unki, recording more than 12 years fatality-free mining, and with the Manderbilt, who prior to these incidents had recorded three years fatality-free. Despite the recorda...