Full Year 2019 Antofagasta PLC Earnings Call (Q&A) Transcript
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Hello, and greetings from Chile. I am Ivan Arriagada, Chief Executive of Antofagasta, and I would like to take you through our 2019 full year preliminary financial results. I will then turn over to our CFO, Alfredo Atucha, who will go through the numbers.
I would like to start by saying that the past couple of months, since the onset of COVID-19 has introduced a global macro challenge, the like of which we have not seen in my lifetime.
These are unprecedented times, but as you will see from our results, Antofagasta has emerged from 2019 a strong company able to withstand difficult challenges.
Our net debt is very low, and with shareholder subordinated debt is excluded, we are cash positive. This strong balance sheet, coupled with strong operating performance, 5% lower cost and a strong safety culture and performance has carried us well into 2020.
As you can appreciate, our #1 priority has been the health and safety of our people. We have taken proactive actions from the very beginning, involving everyone
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