SSLZY - Santos Limited (STOSF) 2023 Full Year Results Webcast and Earnings Call Transcript
2024-02-21 04:41:02 ET
Santos Limited (STOSF)
2023 Full Year Results Webcast and Earnings Conference Call
February 20, 2024, 07:00 PM ET
Company Participants
Kevin Gallagher - MD, CEO and Director
Anthea McKinnell - Chief Financial Officer
Conference Call Participants
James Byrne - Citi
James Redfern - Bank of America
Mark Wiseman - Macquarie Group
Saul Kavonic - MST Marquee.
Tom Allen - UBS
Nik Burns - Jarden Australia
Gordon Ramsay - RBC Capital Markets
Henry Meyer - Goldman Sachs
Dale Koenders - Barrenjoey
Sarah Kerr - Morgan Stanley
Presentation
Operator
Good morning. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Santos 2023 Full Year Results Webcast and Conference Call. After the speaker's remarks, there will be a question and answer session. [Operator Instructions] Thank you.
I would now like to turn the conference over to Kevin Gallagher, Managing Director and Chief Executive Officer. Kevin, you may begin your conference.
Kevin Gallagher
Thank you, and good morning, and welcome to our presentation of the Santos 2023 full year results. Joining me today is Chief Financial Officer, Anthea McKinnell. Anthea and I recorded a video presentation on today's results, which you can find on our website along with the presentation. We're not going to repeat the video presentation on this call. We will, however, be happy to take your questions.
Before we do that, I'd like to start by acknowledging the traditional lands of the Kaurna people of the Adelaide Plains where I'm speaking from today. I pay my respects to the Elders past, present and emerging. I also acknowledge and recognize the support of traditional owners and indigenous people everywhere Santos operates, including our local communities in Papua New Guinea, Timor-Leste and Alaska.
I'm pleased to present yet another solid set of financial results that demonstrate the success of our disciplined operating model. Santos continues to generate strong cash flow despite the challenging operating environment. I'd alsoto touch on some of the highlights from this result.
In 2023, Santos generated sales revenue of $5.9 billion, EBITDAX of $4.1 billion. Free cash flow from operations of $2.1 billion and underlying profit of $1.4 billion. The Board has determined to pay a final dividend for the year of $569 million or USD 0.175 per share unfranked. We are pleased to continue to deliver strong cash returns to our shareholders while balancing the need to invest in our business....
Santos Limited (STOSF) 2023 Full Year Results Webcast and Earnings Call Transcript