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: James Twyman - Prescient Limited - Analyst
: Thank you. Thank you very much. First of all, I just want to say the speed and the scale of the turnaround is extraordinary. Many congratulations. I
know you've said it's only the start, but I think it's important to say that, anyway.
I've got three questions, if I may. The first one is, just in terms of the cyberattack, could you just say if there was any particular cost to it, and whether
it is something that is sort of completely behind you?
The second one is, the head office cost reduction of ZAR150 million-odd. That's the first-half number, so we can double that. That seems to be a
huge number. Could you talk around -- I didn't even think that the head office cost was that big -- so some idea of what that was?
And then thirdly, just to maybe broaden the big scale stuff in more detail. You talk about too many footprints still and talk about Bevcan still losing
a bit of market share. Just in terms of what you're planning there over the next 6 to 12 months because that's obviously some further improvements
that you think that you can make in that margin.
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JUNE 28, 2024 / 9:00AM, NPKJ.J - Half Year 2024 Nampak Ltd Earnings Call
Question: James Twyman - Prescient Limited - Analyst
: Thanks, Phil. I don't have a Warren Buffett quote, either. But just a question on the margin in the metals business. I mean, just how much of the
improvement came on the GP side as well, just given you did mention the input cost move in the period?
Question: Rajay Ambekar - Excelsia Capital - Analyst
: Hi, Rajay here from Excelsia Capital. Well done, Phil, in a good set of results.
Just two questions. I think the first one for me is just around commercial terms with key customers in geographies. I think kind of -- whether it's on
margin or whether it's on payment terms, are you comfortable with kind of -- or have you renegotiated those agreements? Are you comfortable
with where the agreements sit now?
And the second one, just on -- if you had to look out three years and think about DivFood and Bevcan SA, where would you like to see those margins
in three years?
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JUNE 28, 2024 / 9:00AM, NPKJ.J - Half Year 2024 Nampak Ltd Earnings Call
Question: James Twyman - Prescient Limited - Analyst
: Yeah. If I could -- just a quick follow-up. Two questions. Firstly, you mentioned what the net debt was that's overseas. That's obviously been a big
issue in the past.
Could you just talk around what the gross debt is that's overseas, and what currency that is in and how that would be affected by the Nigeria sale?
And secondly, you mentioned about the volume loss in beverage cans. Now, is that -- you mentioned there's capacity constraints. It sounds like
it's sort of competitive pressures, or is it like a mixture of the two? Just trying to understand that. Thank you.
Question: James Twyman - Prescient Limited - Analyst
: Okay, so post-Nigeria, very limited dollar debt.
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