BlueScope Metal Restricted (OTCPK:BLSFF) Q2 2025 Outcomes Convention Name February 16, 2025 6:00 PM ET
Firm Contributors
Mark Vassella – Chief Government Officer
David Fallu – Chief Monetary Officer
Convention Name Contributors
Peter Steyn – Macquarie
Lee Energy – UBS
Ramoun Lazar – Jefferies
Daniel Kang – CLSA
Paul Younger – Goldman Sachs
Brook Campbell-Crawford – Barrenjoey
Owen Birrell – RBC
Harry Saunders – Evans and Companions
Lyndon Fagan – JPMorgan
Rohan Gallagher – Jarden
Paul McTaggart – Citi
Chen Jiang – Financial institution of America
Mark Vassella
Good morning, and welcome to BlueScope’s First Half FY ’25 Monetary Outcomes Presentation. I am Mark Vassella, and I am joined this morning by David Fallu, our Chief Monetary Officer. David and I’ll take you thru the outcomes supplies. After which, we’ll have time for Q&A.
We’re becoming a member of you at the moment from BlueScope’s head workplace in Melbourne, a part of the Japanese Kulin Nation. I would prefer to acknowledge the standard custodians of this land, the Wurundjeri peoples. We pay our respects to elders, previous, current and rising and all First Nations individuals becoming a member of us at the moment.
Now to the highlights. Regardless of the difficult macroeconomic surroundings and backside of the cycle situations within the first half of FY ’25, BlueScope remained worthwhile, demonstrating our enterprise mannequin’s resilience. The enterprise produced an underlying EBIT of $309 million and a return on invested capital of 8.1% in opposition to these difficult macro situations.
Through the half, we delivered $162 million in shareholder returns and completed with an $88 million internet money steadiness sheet. Critically, we’re making certain we’re balancing near-term efficiency with longer-term progress. I will contact on this in additional element shortly, however briefly, we’re nicely underway on our $200 million price and productiveness program and are actively figuring out further alternatives to bolster efficiency. And we now have an thrilling pipeline of progress alternatives that we’re working by way of. Collectively, it will ship a goal $500 million
