Petra Diamonds Ltd (CHIX:PDLl)
£ 0.3155 -0.0045 (-1.41%) Market Cap: 60.20 Mil Enterprise Value: 249.84 Mil PE Ratio: 0 PB Ratio: 0.32 GF Score: 37/100
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Preliminary Full Year 2022 Petra Diamonds Ltd Earnings Call - Morning Session Transcript

Sep 13, 2022 / 08:30AM GMT
Release Date Price: £1.12 (+8.74%)
Richard Duffy
Petra Diamonds Limited - CEO

Ladies and gentlemen, welcome to the presentation of our financial year 2022 results. It's been a tumultuous journey over the last three years, as we navigated our way through COVID along with the rest of the world and also successfully completed our capital restructuring.

If I just look at our results for financial year 2022, very pleased to announce a record set of results for Petra, starting with safety, around our 48% improvement in our lost-time injury frequency rate. And then turning to the results themselves, with our adjusted EBITDA up 103%, operational free cash flow up 91%, adjusted earnings per share up 219%.

And also with the results we announced, a contribution of $89 million from exceptional stones, which underscores the quality of our resource across our different asset base. We've also strengthened our technical skills in the company, which has enabled us to mitigate a number of the usual operating challenges one finds in mining.

And then, of course, Project 2022, which we announced towards the end of 2019. And if I

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