The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Anshul Verdia - Citigroup - Analyst
: This is Anshul on behalf of Sam Teeger from Citigroup. First, congrats on winning the recent contract at Glencore. If I correctly understand that,
did you say that the pricing has been flat in Australia this year, and the expectation is flat going forward? Assuming that -- I have seen that the IPP
has increased substantially in the 9 months of the 12 months in FY '20.
Question: Anshul Verdia - Citigroup - Analyst
: Okay. So I'm trying to understand if some colour on the pricing environment, your recent contract wins with the Glencore, aren't they based on
the pricing or the Orica superior technology?
Question: Anshul Verdia - Citigroup - Analyst
: That's very helpful. Just one follow-up on the SAP project. Just curious to know what is the split between the license cost and the implementation
cost?
Question: John Purtell - Macquarie Research - Analyst
: Just had 3 brief questions, if I can. Look, firstly, in relation to SAP and maybe for Chris, how is the SAP system running now. And how would you
assess overall implementation in terms of how it's gone?
Question: John Purtell - Macquarie Research - Analyst
: Just the second one in relation to your gold-related business. Appreciate Latam's had COVID issues. But to what extent in other markets, here in
Australia and North America, are you seeing increased demand and the outlook for that part of the business.
Question: John Purtell - Macquarie Research - Analyst
: And just the last one. In relation to Burrup, just to clarify expected utilisation for this year, would appear to be implying pretty close to full, although
you've got the rectification there. So just trying to get a sense of what impact that will have on full year volume.
Question: Brook Campbell-Crawford - JPMorgan Chase & Co, Research Division - Analyst
: Just a quick one on Exsa. When you talk about a target for EBITDA of $50 million and on track. What sort of D&A do you think will be within that
business once you reach $50 million of EBITDA?
Question: Brook Campbell-Crawford - JPMorgan Chase & Co, Research Division - Analyst
: Okay. $25 million. So I guess up to a $25 million of EBIT on $300 million plus of investments. So it gives you sort of a pretax return of about 8% and,
thus, how you think about that opportunity and growth CapEx and investment going forward?
Question: Brook Campbell-Crawford - JPMorgan Chase & Co, Research Division - Analyst
: Okay. That's fine. And then on sort of SKU rationalisation, driving some efficiencies through the initiation systems network. Do you have a target
at all for what sort of working capital benefit you could realise from those and those projects?
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