TNGRF - Thungela Resources Limited (TNGRF) Q4 2023 Earnings Call Transcript

2024-03-18 16:33:05 ET

Thungela Resources Limited (TNGRF)

Q4 2023 Results Conference Call

March 18, 2024 06:00 AM ET

Company Participants

Ryan Africa - Head of IR

July Ndlovu - CEO

Deon Smith - CFO

Bernard Dalton - Head of Marketing

Conference Call Participants

Brian Morgan - RMB Morgan Stanley

Ben Davis - Liberum Capital Limited

Thobela Bixa - Nedbank

Shashi Shekhar - Citi

David Underwood - Henry Bath

Sandile Magagula - Umthombo Wealth

Siphelele Mhlongo - Sanlam Investments

Andrew Snowdowne - Sanlam Investments

Presentation

Operator

Good morning, ladies and gentlemen. And welcome to the Thungela Annual Results Presentation [Operator Instructions]. Please note that this call is being recorded. I would now like to turn the conference over to Ryan Africa, Head of Investor Relations. Please go ahead, sir.

Ryan Africa

Thank you very much. Good day, everyone. And welcome to Thungela’s 2023 annual results presentation. I'm Ryan Africa, Head Investor Relations for Thungela, and I'd like to take a couple of minutes to introduce today's agenda and to explain how the day will end. But first, allow me to draw your attention to a couple of disclaimers aid of today's presentation. While you take a moment to read through the messages from our lawyers, let me take this opportunity to share that today's call is the last one that I'll host as Head of Investor Relations for Thungela. Since our listing on the JSE and LSE, I've had the privilege of leading the Investor Relations function. It's been incredibly rewarding to work with a world class team of sales side analysts and highly sophisticated and knowledgeable mining investors on the buy side. I want to express my sincere gratitude for your insightful questions, constructive feedback and continued trust throughout this journey. I'll be moving into new role with Thungela, but I want to show you that my commitment to our investors remains as strong as ever. You're also in excellent hands moving forward. Hugo Nunes, our new Head of Investor Relations and Shreshini Singh, IR Manager, will be taking the reins.

Now let's dive into today's agenda. Our CEO, July Ndlovu, will share Thungela's 2023 highlights and will also provide an update on the execution of our strategic priorities. Our CFO, Deon Smith, will then talk through the operational financial performance for 2023 as well as drive an update and guidance. And after this July will conclude the presentation. This will be followed by Q&A session of approximately one hour to give those in the call and webinar the opportunity to ask questions. We'll then close the call at approximately 1:45. Turning to Q&A, for those wishing to ask questions directly, we ask that you please join the session using the conference call facility provided as we can only take direct questions through this facility [Operator Instructions]. Before I hand over to July, I must draw your attention to two important features of this presentation. Firstly, all ESG information in today's presentation, including information on safety, relates only to South African operations. We're in the process of aligning interim to our ESG reporting system and standards and ESG information relating to interim will be included in the next annual reporting cycle. Secondly, unless otherwise indicated in the presentation, operation financial figures related to interim are based on Thungela's interest in interim for the full month period between the acquisition date of 31 August, 2023 and the end of the year. For more detail on the treatment of interim in our reporting suite, I encourage you to refer to Page 68 of the annual financial statements released this morning. Now, please allow me to hand over to our CEO, July Ndlovu, to take us through Thungela's annual results for 2023....

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