Anglo American plc (AAUKF) Q4 2022 Earnings Call Transcript

Anglo American plc (OTCQX:AAUKF) This autumn 2022 Earnings Convention Name February 23, 2023 4:00 AM ET

Firm Individuals

Stuart Chambers – Chairman

Duncan Wanblad – Chief Govt Officer

Stephen Pearce – Chief Monetary Officer

Matt Daley – Technical Director

Paul Galloway – Head of Investor Relations

Convention Name Individuals

Jason Fairclough – Financial institution of America Merrill Lynch

Danielle Chigumira – Credit score Suisse

Sylvain Brunet – BNP Paribas Exane

Ian Rossouw – Barclays

Alain Gabriel – Morgan Stanley

Richard Hatch – Berenberg

Myles Allsop – UBS

Liam Fitzpatrick – Deutsche Financial institution

Tyler Broda – RBC

Dominic O’Kane – J.P. Morgan

Stuart Chambers

So heat welcome to all people, and good morning. Welcome to Anglo American’s 2022 full yr outcomes.

You will have seen the numbers exit a few hours in the past. And earlier than I hand over to Duncan and Stephen to take you thru all of that, only a few quick remarks from me.

Initially, a few Board modifications since we final met on this approach in July. We have had Elisabeth Brinton, one among our Non-Govt Administrators step down in September and Tony O’Neil additionally stepped down on the finish of the yr prematurely of his retirement in June. We’re additionally truly within the superior levels of a recruitment of our new Non-Govt Director, and we’ll be making an announcement about that fairly quickly.

Now while that is our second greatest EBITDA efficiency ever, we’re all very conscious of the truth that we are able to at all times do extra on the essential space of operational stability, and that is one thing we’re very, very centered on. The macro atmosphere, after all, is sort of unstable, together with issues like climate. However regardless of these operational — these, I am sorry, reasonably considerably uncontrollable headwinds that we’ve, we nonetheless imagine we are able to drive working efficiency additional. And naturally, if we obtain that, with operational stability comes enhancements in security as

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