Full Year 2024 Petra Diamonds Ltd Earnings Call Transcript

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Sep 24, 2024

Sep 24, 2024 / 08:30AM GMT
Richard Duffy - Petra Diamonds Ltd - Chief Executive, Executive Director

Discussion of our audited full year results for the 12 months ended June 30, 2024. I'm Richard Duffy, CEO of Petra Diamonds; and I'm joined again by Jacques Breytenbach, our CFO, who will cover the key financial metrics. After taking you through our announcement, we will open up for Q&A. This will be hosted both verbally through the raised hand icon, and we will then move on to any typed questions moderated through the chat feature.

We have also today released our annual report and financial statements as well as our sustainability report. Please note that we will be recording this within cast and it will be available on our website later today.

Moderator, could you please move to slide 4. I start today with a slide that you may recall from our Investor Day in June, where we set out the resilience built into the business and Petra's compelling value proposition.

In financial year '24 in response to weaker diamond prices, we reduced our operating cost base by around $19 million and CapEx by

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