Feb 20, 2019 / 08:00AM GMT
Operator
Good morning, all. Welcome to our 2018 full year results. Thank you for joining us here today here, and also thank you to those joining via webcast.
I now hand over to Ivan Glasenberg.
Ivan Glasenberg - Glencore Plc - CEO & Director
Good morning. Thank you. So today, we're presenting our 2018 results. Oops. It's not working, Martin, okay. Okay. And as you can see, we've got a few highlights here on this presentation. And you can see we had a record year. We had a $15.8 billion EBITDA during the year, which is 8% increase to the previous year. Net income pre-significant items is at $5.8 billion, and that's 5% increase from the previous year.
What we did in 2018, as you are aware, we had big distributions from the company, which gave compelling cash returns, and we distributed via buybacks and distributions $5.2 billion, and that was made up of around about $3 billion of distributions and $2 billion of the announced buybacks, which we made during last year -- early parts of this year. That gives you a 75% implied payout ratio based on 2018
Full Year 2018 Glencore PLC Earnings Call Transcript
Feb 20, 2019
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