Sibanye Stillwater Limited (NYSE:SBSW) Q2 2023 Earnings Conference Call August 29, 2023 8:00 AM ET
Company Participants
Neal Froneman - CEO
Richard Stewart - Chief Regional Officer, Southern Africa
Charles Carter - Chief Regional Officer, Americas
Grant Stuart - Head, Recycling
Mika Seitovirta - Chief Regional Officer, Europe
Robert Van Niekerk - Chief Technicaland Innovation Officer
Charl Keyter - CFO
James Wellsted - EVP, IR and Corporate Affairs
Kevin Robertson - EVP, US PGM operations
Conference Call Participants
Adrian Hammond - SBG Securities
Raj Ray - BMO Capital Markets
Chris Nicholson - RMB Morgan Stanley
Cameron Needham - Bank of America
Leroy Mnguni - HSBC
Neal Froneman
Good afternoon and good morning ladies and gentlemen. Welcome to our H1 2023 Results Presentation. Just a few comments upfront. This has been another period of our results being impacted negatively by one-off events, some of them self-inflicted and some such as the extreme weather events in Australia, an Act of God or for those of you who believe in climate change also self-inflicted by humanity.
The economy and hence the running of mining operations is in a particularly tough place globally at the moment. And there could well be a downturn as we see it for some time. Remember, we refer to these more as pandemics, and this is where our anti-fragility culture or differentiator stands us in good stead.
As you will see from the title of the presentation, our antifragility differentiator is creating significant advantage to our peers, for reasons that I'm going to outline in the first section. Antifragility for those of you who are wondering, what it means, and I took this definition out of Wikipedia, is something that does not merely withstand a shock, but actually improves. Antifragility is beyond robustness and that is the culture we draft within our company.
Please take note of our Safe Harbor statement. I'd like to now discuss the agenda. I will continue with the introduction and cover the changing environment, or what I'll call, the Antifragility section. The Chief Regional Officers will present the operating review for each region separately, Charl will continue with the financial review, and I'll complete the formal delivery with a brief conclusion.
As you know, our company is all about the people. We've had some changes in the C-suite and some new executive management appointments, Dawie Mostert left us, Themba Nkosi has stepped in as the Chief Organizational Growth Officer, in other words, driving the strategic aspects of HR and we are looking to fill the sustainability position hopefully with a woman. Robert van Niekerk, in addition to his technical and innovation responsibilities, has taken responsibility for the Australian region.