Full Year 2024 Tharisa PLC Earnings Call Transcript

Nov 28, 2024 / 10:00 AM GMT

Key Points

Positve
  • Tharisa PLC (TIHRF) achieved a zero lost time injury rate, reinforcing their commitment to safety.
  • The company successfully negotiated a five-year cost of living adjustment agreement with the recognized union, ensuring workforce stability.
  • Record chrome production was achieved despite multiple challenges, demonstrating operational resilience.
  • Tharisa PLC (TIHRF) maintained a strong operational cash flow, highlighting the robustness of their business model.
  • The company upheld its dividend policy while growing its business, reflecting financial discipline and shareholder value focus.
Negative
  • Net profit after tax decreased by nearly 5% from the prior year, indicating some financial pressure.
  • PGM production was slightly lower than the previous year, affected by the quality and oxidative state of feed material.
  • The PGM basket price dropped by almost 28% from the prior year, impacting revenue from this segment.
  • The company faces challenges in securing debt for the Karo Platinum project due to current PGM commodity prices.
  • There is a noted decrease in chrome prices by 15% over recent weeks, which could affect future profitability.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

THAJ.J - Tharisa PLC
Full Year 2024 Tharisa PLC Earnings Call
Nov 28, 2024 / 10:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Morning, and welcome to raise appears to presentation slides quickly make questions are on displays in the Q&A tab screen.

Just simply typing your question.

The Company may not be in a position which itself has become and some of your questions today and publish responses where it's appropriate to do so.

Before we begin, I'd like so that the following pulp that I'd now like to hand you have to see if it was prudent.

And good morning, sir.

Good morning, everyone, and welcome to this our full year financial year 2020 results presentation.

It's a privilege to share our year-end results, which really when we consider the year under review, has been a challenging year for headwinds.
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
7-Day Free Trial · Cancel Anytime
Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot