Half Year 2019 Rio Tinto PLC Earnings Call Transcript

Aug 01, 2019 / 09:00AM GMT
John Smelt - Rio Tinto Group - Head of IR

Good morning, everyone. Hello? Great. It's 10:00, so we'll get going. Thank you very much for coming along to our half year results. If you could put your phones on silent, please. There is no alarm set for this morning. If the alarm does go, the best fire exit is the one just back through the doorway you just come. Deutsche Bank don't have master points anymore, they run a dispersal. So if the alarm does go, you go out and leave.

Okay. With that, I will hand over to J-S. Thank you.

Jean-Sébastien Jacques - Rio Tinto Group - CEO & Director

All right. Thank you, John, and good morning, everyone. I am delighted, together with Jakob and the team -- so we got Chris, we got Simon, Arnaud, Steve, [Bold, Garth], I made a long list today, to welcome you to our 2019 half year results.

It has been a very strong financial performance. We have delivered an EBITDA margin of 47%, the highest in the last 10 years. And the return on capital employed of 23%, in line with the best

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