Earnings Call Summary | SHERRITT INTL CORP(SHERF.US) Q4 2023 Earnings Conference
Earnings Call Summary | SHERRITT INTL CORP(SHERF.US) Q4 2023 Earnings Conference
The following is a summary of the Sherritt International Corporation (SHERF) Q4 2023 Earnings Call Transcript:
以下是雪裏特國際公司（SHERF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Sherritt International closed Q4 with consolidated revenue of $34.6 million, a drop of 28% from the previous year due to lower fertilizer prices and sales volume.
Combined revenue of the year was $140.5 million, affected primarily by lower average nickel prices and lesser nickel sales volume.
In the given financial year, the company faced a negative Adjusted EBITDA of $7 million, primarily due to market conditions, lower production, unplanned maintenance, and high operational costs along with an inventory write-down of $2.3 million.
Adjusted net loss from continuing operations stood at $27.9 million.
Concluding the year, the company had available liquidity of $63 million, a drop from the previous quarter due to various expenses.
With projected increases in production, sales, and a downturn in operating costs, the company is hopeful of improved operational margin and cash flow in 2024.
由於化肥價格和銷量下降，雪莉特國際在第四季度結束時合併收入爲3,460萬美元，同比下降28％。
該年度的總收入爲1.405億美元，主要受鎳平均價格下降和鎳銷售量減少的影響。
在給定財政年度，該公司的調整後息稅折舊攤銷前利潤爲負700萬美元，這主要是由於市場狀況、產量降低、計劃外維護、高運營成本以及230萬美元的庫存減記。
調整後的持續經營業務淨虧損爲2790萬美元。
年底，由於各種支出，該公司的可用流動性爲6,300萬美元，比上一季度有所下降。
隨着產量、銷售的增長和運營成本的下降，該公司有望在2024年提高營業利潤率和現金流。
Business Progress:
業務進展：
Despite operational setbacks, Sherritt International successfully finished the first year of the Cobalt Swap agreement and increased electricity production.
The operational improvements included finalizing the technical report for the Moa Joint Venture, extending mine life past 2040 and completing phase one of the Moa Joint Venture expansion under budget and on time.
The company aims to increase the plant feed from the Moa mine site, ensuring increased quality and feed rate in the coming year.
The Power Division expects to increase electricity production with two wells going into production in Q2 2023.
Sherritt International is hopeful of increased dividends from Energas in 2024 owing to the operational strength carried forward from 2023.
The company anticipates dividends from the cobalt swap agreement to begin in the second half of 2024.
儘管運營遇到了挫折，但雪裏特國際還是成功地完成了鈷交換協議的第一年，並增加了電力產量。
運營改進包括完成Moa合資企業的技術報告，將礦山壽命延長到2040年以後，以及在預算範圍內按時完成Moa合資企業擴張的第一階段。
該公司的目標是增加來自莫阿礦場的植物飼料，確保來年提高質量和進料率。
電力部門預計將增加電力產量，兩口油井將於2023年第二季度投產。
雪裏特國際希望Energas在2024年增加股息，這要歸因於2023年延續的運營實力。
該公司預計，鈷互換協議的分紅將於2024年下半年開始。
More details: SHERRITT INTL CORP IR
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譯文內容由第三人軟體翻譯。