South32 Ltd (JSE:S32)
R 39.4 0.4 (1.03%) Market Cap: 177.95 Bil Enterprise Value: 191.62 Bil PE Ratio: 0 PB Ratio: 1.15 GF Score: 81/100

Full Year 2024 South32 Ltd Earnings Call (UK and South Africa) Transcript

Aug 29, 2024 / 07:30AM GMT
Release Date Price: R37.05 (+0.79%)
Graham Kerr
South32 Ltd - Chief Executive Officer, Managing Director, Executive Director

Thank you, and good afternoon, everyone, and thanks for joining us today. On the call with me today is our Chief Financial Officer, Sandy Sibenaler.

Financial year 2024 was a pivotal year for our business in which we accelerated our portfolio transformation towards commodities critical for a low-carbon future. Before I go into more detail on the milestones we achieved this year, I'd like to talk about safety.

We assess our safety performance through a range of both leading and lagging indicators. During the year, our significant hazard frequency and leading indicator increased by 34%, indicating a positive reporting culture and increased hazard awareness. Our total recordable injury frequency for FY24, a lagging indicator, also improved by 14%.

However, our lost time injury frequency increased by 19%, underscoring that while we had a fatality-free year at our operations, we are still seeing too many serious injuries. And we must be relentless in our pursuit of a safer workplace.

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