BlueScope Steel Ltd (FRA:BH5)
€ 13.7 -0.4 (-2.84%) Market Cap: 6.05 Bil Enterprise Value: 5.82 Bil PE Ratio: 12.46 PB Ratio: 0.91 GF Score: 89/100

Half Year 2023 BlueScope Steel Ltd Earnings Call Transcript

Feb 19, 2023 / 11:00PM GMT
Mark Royce Vassella
BlueScope Steel Limited - MD, CEO & Executive Director

Good morning, and welcome to the BlueScope First Half FY '23 Financial Results Presentation. My name is Mark Vassella, and with me today for the first time in the capacity of acting CFO is Mark Scicluna. This morning, I'll take you through the highlights of the last 6 months, and then Mark will address segment and balance sheet performance. Before we wrap up, we'll have plenty of time for your questions.

We're joining you today from Melbourne part of the Eastern Koolan nation, and I'd like to acknowledge the traditional custodians of this land, the [Baradar] peoples. We pay our respects to elders past, present and emerging and to all First Nations people joining us today.

Turning to the highlights for the half year. BlueScope delivered robust financial performance in the first half of FY '23 with underlying EBIT of $851 million. While not at the historically high levels of last year, this was nonetheless a very solid outcome and highlights the resilience of our portfolio. Pleasingly, for our shareholders,

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