Vulcan Steel Ltd (NZSE:VSL)
NZ$ 8.92 -0.08 (-0.89%) Market Cap: 1.16 Bil Enterprise Value: 1.73 Bil PE Ratio: 28.62 PB Ratio: 6.58 GF Score: 26/100

Half Year 2024 Vulcan Steel Ltd Earnings Call Transcript

Feb 12, 2024 / 09:45PM GMT
Operator

Ladies and gentlemen, thank you for standing by. I would like to welcome everyone to the Vulcan Steel first half results for 2024 financial year conference call. (Operator Instructions) Once again, I will now hand the call over to Mr. Rhys Jones, Chief Executive Officer and Managing Director. You may begin your conference.

Rhys Jones
Vulcan Steel Ltd - CEO & MD

Thank you, and welcome, everybody to Vulcan's first half year '24 results. If I start on the performance highlights page, I'd like to put the context that has been a challenging first half year with higher interest rates and high inflation it's certainly been an environment where demand for products has been lower. Despite this, we have achieved an adjusted EBITDA of $82 million, and adjusted impact of $26 million.

Other elements with noting other, we had generated operating cash flow of $105 million and a particular highlight 12,646 clients transact with us during the period, just 4% higher than the prior period equivalent.

Turning the page, you'll see the description of Vulcan's

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