Glencore PLC (OTCPK:GLNCY)
$ 11.85 -0.25 (-2.07%) Market Cap: 73.03 Bil Enterprise Value: 104.51 Bil PE Ratio: 17.43 PB Ratio: 1.64 GF Score: 84/100
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Full Year 2021 Glencore PLC Earnings Call Transcript

Feb 15, 2022 / 08:30AM GMT
Release Date Price: $11.55 (+0.96%)
Martin Fewings
Glencore plc - Head of IR & Communications

Good morning, and welcome to Glencore's 2021 financial results. Presenting today will be Gary Nagle, CEO; and Steven Kalmin, CFO.

Gary, would you like to join us, please?

Gary Nagle
Glencore plc - CEO & Director

Thanks, Martin. Morning, morning to everybody's come in person and all those who are attending online on the Webex, great to once again be able to do this in person. And we'll kick off on a summary of highlights of our 2021 results.

2021 was a terrific year for the company. We've printed a record adjusted EBITDA of $21.3 billion; a record marketing performance in our Marketing and trading business, an EBIT of $3.7 billion; and Industrial business, a $17.1 billion adjusted EBITDA, all of those records across our business. As a result of the terrific results that we have, our net debt is now significantly below our cap of $10 billion, down to $6 billion. And as a result, we've been able to announce a $4 billion distribution back to shareholders. That will be made up of

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