Half Year 2024 Kap Ltd Earnings Call Transcript

Feb 28, 2024 / 08:00AM GMT
PK(Patrick)Quarmby - KAP Ltd. - Independent Non-Executive Chairperson

Good morning, ladies and gentlemen, and welcome to KAP's results presentation for the six month period ended December 31, 2023. Thank you for taking the time to attend and for your interest in KAP. Before Gary and Frans discuss KAP's performance, I would like to say a few words from the Board's point of view on what has been another challenging period for KAP from a macroeconomic and operating environment perspective.

Our key priorities of the Board for the current year has been to ensure that the group's major capital projects are successfully implemented on time and in budget, so they can start contributing to cash flow and reducing debt. That debt is managed with the objective of reducing it to prudent levels and that the Group's capital allocation priorities support enhanced shareholder value and long-term sustainability.

While the trading environment proved challenging during the period, I'm encouraged that the Group is making good progress on these three points. This is reflected

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