Santos Ltd (STU:STS1)

€ 4.122 -0.068 (-1.62%) Market Cap: 13.10 Bil Enterprise Value: 17.43 Bil PE Ratio: 11.76 PB Ratio: 0.95 GF Score: 75/100

Full Year 2018 Santos Ltd Earnings Call Transcript

Feb 21, 2019 / 12:00AM GMT

Release Date Price: €4.28

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to Santos' 2018 Full Year Results. (Operator Instructions) I must advise you that this conference is being recorded today, the 21st of February 2019.

I would now like to hand the conference over to your first speaker today, Mr. Kevin Gallagher. Thank you. Please go ahead.

Kevin Thomas Gallagher

Santos Limited - MD, CEO & Director

Good morning, everyone, and thank you for joining us for Santos' 2018 Full Year Results. With me today is our Chief Financial Officer, Anthony Neilson.

2018 was an excellent year for Santos. Record financial results, the acquisition of Quadrant and strong reserves growth were just some of the highlights. I'm also very pleased to say we've continued to drive down unit costs and deliver efficiency gains despite higher oil prices and cost pressures seen across our industry.

Before we start, I draw your attention to the usual disclaimer on Slide 2.

I will start with some opening remarks about performance before handing over to Anthony

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