Philex Mining Corp. · PSE:PX

Philex Mining — FY2020 Earnings Presentation

12 slides from Philex Mining's earnings presentation, March 2021

  1. Slide 1: 1

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  2. Slide 2: Full Year 2020 Highlights

    Full Year 2020 Highlights  Core Net Income jumped to Php1.162 Billion  Reported net income reached Php1.228 billion  Core EBITDA increased from Php1.664 billion to Php2.703 billion  Favorable metal prices and sustained production increased Operating Revenues by 15% to Php7.834 billion  Lower op

  3. Slide 3: Production Performance

    Production Performance 1Q2020 2Q2020 3Q2020 4Q2020 4Q2019 +/- FY2020 FY2019 +/- Tonnes Milled (‘000) 1,969 2,002 1,985 1,881 2,174 -13% 7,838 8,113 -3.4% Production: Gold – ozs 14,159 14,173 14,804 12,864 14,939 -14% 56,000 53,064 6% Copper – lbs (‘000) 6,738 6,803 6,699 6,139 6,878 -11% 26,379 25,7

  4. Slide 4: Financial Results Summary

    Financial Results Summary (in Php million) 1Q2020 2Q2020 3Q2020 4Q2020 4Q2019 +/- FY2020 FY2019 +/- Gross Revenues 1,860 2,123 2,350 2,117 2,091 1% 8,450 7,399 14% Smelting Charges 147 155 176 138 169 -18% 616 610 1% Net Revenues 1,713 1,967 2,174 1,979 1,923 3% 7,834 6,790 15% Costs and Expenses 1,

  5. Slide 5: Capital Expenditures

    Capital Expenditures • FY2020 Capex of Php1.168 billion spent on Padcal’s sustaining capex for mine development, new equipment and tailings storage facility works  Some programs pushed given the impact of the Covid19 pandemic • Silangan Project: For predevelopment works; awaiting entry of strategic

  6. Slide 6: Balance Sheets

    Balance Sheets (in Php million) 31-Dec-20 31-Dec-19 +/- Cash & Cash Equivalents 1,191 796 50% Receivables & Others 2,253 2,125 6% Total Current Assets 3,445 2,922 18% Property, Plant & Equipment 3,043 3,185 -4% Deferred Exploration Costs 27,365 26,616 3% Others 5,087 5,177 -2% Total Assets 38,939 37

  7. Slide 7: PXP Energy Corporation Financial Highlights and Operational Updates

    PXP Energy Corporation Financial Highlights and Operational Updates

  8. Slide 8: Financial Highlights – Profit and Loss

    Financial Highlights – Profit and Loss % Inc (in PhP millions) 2020 2019 (Dec) Gross revenue ₱ 30 ₱ 72 -58% Cost and expenses 98 152 -36% Loss from operations (67) (80) -15% Other charges - net (8) (218) -96% Reported net loss ₱ (76) ₱ (297) -75% • 58% decrease in gross revenue due to:  24% lower v

  9. Slide 9: Financial Highlights – Financial Position

    Financial Highlights – Financial Position ASSETS (in PHP millions) As at Dec 31, As at Dec 31, % Inc 2020 2019 (Dec) Cash & cash equivalents ₱ 143 ₱ 246 -41.9% Receivables and other CA 52 56 -6.6% Current assets 195 302 -35.3% Deferred exploration costs & other NCA 6,560 6,563 0.0% Total assets ₱ 6,

  10. Slide 10: Operations Update

    Operations Update SC 14C1 SC 6A Block A SC 14C2 SC 74 SC 6B SC 14B SC 75 Cadlao (SC 6B) SC 72 SC 40 SC 14A TUMBES BASIN, OFFSHORE PERU Area 7 Z-38 01 March 2021 10

  11. Slide 11: Operations Update 1/2

    Operations Update 1/2 SC 72 Recto Bank (Forum 70%)  Under Force Majeure (FM) since December 15, 2014. DOE lifted the FM on 14 October 2020.  Sub-Phase (SP) 2 from 14 October 2020 to 14 June 2022 (20 months). Minimum work commitment is the drilling of 2 wells.  WP&B from 2021 to 1H 2022 approved b

  12. Slide 12: Operations Update 1/2

    Operations Update 1/2 SC 14 C-1 Galoc (Forum 3.2103%)  Year 2020 average production rate: 1900 BOPD. January 2021 average: 1,830 BOPD  Next Cargo (68) is scheduled in late March 2021 with a target parcel size of 220,000 barrels.  On 23 December 2020, Galoc Production Company (GPC) resigned as ope

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