2024-01-24 00:54:04 ET
Pilbara Minerals Ltd (PILBF)
Q2 2024 Earnings Conference Call
January 23, 2024 18:00 ET
Company Participants
Dale Henderson - Managing Director & Chief Executive Officer
Vince De Carolis - Chief Operating Officer
Luke Bortoli - Chief Financial Officer
Conference Call Participants
Rahul Anand - Morgan Stanley
Levi Spry - UBS
Mitch Ryan - Jefferies
Hugo Nicolaci - Goldman Sachs
Hayden Bairstow - Argonaut
Alistair Harvey - JPMorgan Chase & Co.
Kate McCutcheon - Citigroup
Glyn Lawcock - Barrenjoey
David Zhang - CICC
Ben Lyons - Jarden Securities Limited
Presentation
Operator
Good day and thank you for standing by. Welcome to Pilbara Minerals December 2023 Quarter Update Conference Call. At this time, all participants are in a listen-only model. After the speakers' presentation, there will be a question-and-answer session. Please note, Pilbara Minerals will be only taking one question per person with one related follow-up question permitted. [Operator Instructions] Pilbara Minerals will also take some questions from the webcast towards the end of the call. Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Pilbara Minerals Managing Director and CEO, Dale Henderson. Please go ahead. Thank you.
Dale Henderson
Thank you, Maggie, and a warm welcome to those who have joined us on the call today, in particular to our long-term shareholders. I'd like to begin by acknowledging the traditional owners on the lands on which our business operates, which are Noongar People of the Noongar Nation in Perth, where we are undertaking a call today and the Nyamal and Kariyarra People, where our operations are located in the Pilbara. We pay our respects to the Elders past and present.
With regards to the introductions, the speakers joining to me today are Luke Bortoli, our CFO; Vince De Carolis, our Chief Operating Officer; and also in the room we're supported by member of the team. As for the call today and as outlined by Maggie, we'll be stepping through a short presentation followed by Q&A. We'll be aiming for roughly 25 minutes of analyst questions and 5 minutes from the webcast. So, looking forward to your questions.
To start with some opening remarks, the December quarter for Pilbara was one of disciplined delivery. This included at the operations, strong production volumes, cost improvement in the operation and further ongoing sales, including a significant offtake expansion was signed. As related to projects, all projects are on track to schedule and cost and in particular, our major project expansions. As related to chemicals, progress on those fronts. And lastly, the balance sheet. We took prudent steps to further defend our strong balance sheet with some CapEx deferral and some other capital preservation steps....
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Pilbara Minerals Ltd (PILBF) Q2 2024 Earnings Call Transcript