Full Year 2022 Glencore PLC Earnings Call Transcript

Feb 15, 2023 / 08:30AM GMT
Martin Fewings - Glencore plc - Head of IR & Communications

Good morning and welcome. Thank you for joining us for the presentation of our 2022 financial results.

I'm joined here today by Gary Nagle, CEO; Steven Kalmin, CFO; and Peter Freyberg, our Head of Assets, so I'll hand it over to Gary.

Gary Nagle - Glencore plc - CEO & Director

Thanks, Martin. Good morning. Welcome, to those here in person and all those online. Welcome. Thanks for joining us for our 2022 results presentation.

So taking a look at our scorecard for the year; our financial scorecard, as a start. It's been a record year for Glencore. Our adjusted EBITDA for the year is a little over $34 billion, broken down between our industrial assets and our marketing business: on the industrial side, an adjusted EBITDA of $27.3 billion; and on the EBIT side, a record again, for our marketing business, a $6.4 billion EBIT result for the year, really a phenomenal year on the marketing side, double the top end of our range. Equity free cash flow of $24 billion. And we finished the

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