Glencore PLC (GLCNF) CEO Ivan Glasenberg on Q4 2019 Results - Earnings Call Transcript [Seeking Alpha]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Seeking Alpha
Glencore PLC ( OTCPK:GLCNF Company Participants Martin Fewings - Head, IR & Communications Ivan Glasenberg - CEO & Director Steven Kalmin - CFO Conference Call Participants Jason Fairclough - Bank of America Merrill Lynch Liam Fitzpatrick - Deutsche Bank Sylvain Brunet - Exane BNP Paribas Myles Allsop - UBS Investment Bank Anthony Robson - Global Mining Research Sergey Donskoy - Societe Generale Tyler Broda - RBC Capital Ephrem Ravi - Citigroup Sandeep Peety - Morgan Stanley Grant Sporre - Macquarie Research Good morning. Welcome to our 2019 Preliminary Results. Today, we have Ivan Glasenberg, our CEO; and Steve Kalmin, our CFO, with us today. Thank you for joining us. And Ivan, I'd like to invite you up. Thank you. Thank you. Good morning. Thank you for coming for our 2019 results. So looking at the highlights for 2019, healthy cash generation during the year. And as you'll see, 2019 adjusted EBITDA was $11.6 billion. That's down 26% from the previous year, and the major part of tha
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