Anglo American PLC (LSE:AAL)
£ 25.5 0.45 (1.8%) Market Cap: 30.37 Bil Enterprise Value: 38.86 Bil PE Ratio: 0 PB Ratio: 1.63 GF Score: 73/100
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Half Year 2024 Anglo American PLC Earnings Call Transcript

Jul 25, 2024 / 08:00AM GMT
Release Date Price: £22.65 (+1.94%)
Duncan Wanblad
Anglo American PLC - Chief Executive Officer, Executive Director

Good morning, everybody. I think it's just on the hour, so we'll start, and welcome to you all. It's been a pretty busy half, and I'm pleased to say through all of that, we've delivered very strong results. Despite prices falling for us by 10% for the basket of the commodities that we produce. The revised plans that we put in place have delivered an excellent performance, especially in our copper and iron ore businesses.

This alongside some very, very good cost control. Delivering significant progress on our cost-out targets has led to an EBITDA of $5 billion. That was down just 3% on half one of last year. John will unpack that a bit later. However, the focus is now absolutely unchanged and squarely on those three key strategic priorities that I laid out for you all back in February of this year, which is operational excellence, portfolio simplification and growth.

Building on the reset of many of our mine plans of last year (technical difficulty) the first half of this year. And I'm going to start there

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