EXXAF - Exxaro Resources Limited (EXXAF) Q4 2023 Earnings Call Transcript

2024-03-15 11:52:08 ET

Exxaro Resources Limited (EXXAF)

Q4 2023 Results Conference Call

March 14, 2024 3:30 AM ET

Company Participants

Ling-Ling Mothapo - IR

Nombasa Tsengwa - CEO & Executive Director

Kgabi Masia - Managing Director of Minerals

Pieter Koppeschaar - Finance Director & Executive Director

Mellis Walker - Board of Director

Sakkie Swanepoel - Group Manager of Marketing & Logistics

Conference Call Participants

Tim Clark - SBG

Mpumelelo Mthembu - Absa Bank

Brian Morgan - Morgan Stanley

Thobela Bixa - Nedbank

Nkateko Mathonsi - Investec

Presentation

Ling-Ling Mothapo

Thank you so much. Good morning, ladies and gentlemen and welcome to Exxaro Resources Annual Financial Results. My name is Ling-Ling Mothapo. I'm the Chief Investor Relations and Liaison. It's my great pleasure to guide you through today's discussion. First and foremost, I'd like to express our continued appreciation and gratitude for your continued interest and support in Exxaro. I'd like to welcome all of you here, both online and present in the room, our shareholders, the Board, our executive leadership and frontline here present in the room, led by our Chief Executive Officer, Dr. Nombasa Tsengwa.

Let me also acknowledge my fellow colleagues in the room, a warm welcome to you and the investor community, and those, of course, joining us online. I'd like to specifically mention those joining on LinkedIn and via our webcast and Chorus Call. You are all welcome in the room today. I think it's appropriate at this point before we go into our safety briefing to please just ask you to keep your phone on silent and into our safety briefing, as is the norm here in the connection in Centurion. Please note that we have not planned any emergency today. So if the alarm is activated, please do remain calm and evacuate to the assembly point, which you will find in the front of the building by the parking area where we will do a raw call.

We will remain at that assembly point until instructions are issued by a safety official to reenter the building. And of course, for those who are online, we have not forgotten you, we will endeavor to keep you abreast of the happenings and developments on site. For those in the room, ablution facilities can be found just outside of the room. As you step out of the auditorium, if you turn right, you will find them along the passage to your lift. We've also not envisaged any load shedding for today. So if we do experience a power outage, please do not despair. We do have backup generators to help us with our proceedings of the day, which will then kick in 3 minutes, starting with the emergency lights, the plugs and then, of course, the Wi-Fi.

Now on to the business of the day. As we review our annual financial performance of today, our Chief Executive Officer, Dr. Nombasa Tsengwa will take us through the group performance. Chief Coal Executive -- Chief Coal Operations Officer, apology, Kgabi Masia, he will take us through the performance of the coal business, followed by the group financial performance from Riaan Koppeschaar, our FD. We will then wrap up the presentation with a view of what you can expect from this business from Dr. Nombasa.

To set the scene, this has indeed been a very dynamic environment that we've had to operate in, and we're really pleased to report a robust performance. And with that, Doc, please take us away.

Nombasa Tsengwa

By the all-powerful dispensations of Providence, I have protected beyond all human probability and expectation for I had 4 bullets through my coat and 2 horses shot under me yet escaped unhurt. These were the words of George Washington boasting to his brother John in July of 1755 about his luck and military progress during the French and the Indian war. Yes, indeed, you are in the right venue for Exxaro's results presentation. Thank you, Ling and good morning, ladies and gentlemen. Thank you for your presence here today and welcoming those who are joining us online as well. A very warm welcome also to our Lead Independent Director, who just walked in Ms. Geraldine Fraser-Moleketi, and other fellow Board members who have joined us in attendance today....

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