Grupo Mexico S.a.b. De C.v. Class B · BMV:GMEXICO/B
Grupo Mexico S.a.b. De C.v. Class B — Q1 2025 Earnings Presentation
25 slides from Grupo Mexico S.a.b. De C.v. Class B's earnings presentation, April 2025
Slide 1: 1Q25 Results
1Q25 Results APRIL 2025
Slide 2: Disclaimer
1Q25 RESULTS DISCLAIMER Disclaimer Summary financial information This information is given in summary form and does not purport This presentation may contain forward looking statements This document includes summary financial information and to be complete. Information in this presentation, includin
Slide 3: Contents
01 02 03 04 05 Grupo México’s Mining Division Transportation Division Infrastructure Division Q&A Session Main Highlights Main Highlights Main Highlights Main Highlights 04p 10p 16p 21p 24p Contents 3
Slide 4: Main Highlights
1Q25 RESULTS MAIN HIGHLIGHTS 01 Main Highlights ESG Highlights Scorecard Financial Highlights Balance sheet Debt Maturity Profile 4
Slide 5: ESG Highlights
1Q25 RESULTS GRUPO MEXICO ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. Two high-performance schools (COAR) built by Southern Copper Improving Peru´s educational Corporation in the Tacna and Moquegua regions were inaugurated by the infrastructure President of the Re
Slide 6: Scorecard 1Q25
1Q25 RESULTS GRUPO MEXICO US$4,196M 265,632 TONS OF CU IN 1Q25 US$1.04 /LB 1Q25 SALES 1Q25 NET CASH COST 10.4% vs 1Q24 A 0.9% decrease vs 1Q24 -19.1% vs 1Q24 9.1% vs 4Q24 A 0.3% decrease vs 4Q24 A reduction of US$0.18 (-15.1%) vs 4Q24. Mainly due to the increase in copper (+18.4%), molybdenum (+3.0%
Slide 7: Financial Highlights
1Q25 RESULTS GRUPO MEXICO Financial Highlights USD 1Q25 1Q24 VAR % REVENUE (MM) 4,196 3,799 10.4% OPERATING INCOME (MM) 1,836 1,544 18.9% EBITDA (MM) 2,217 1,966 12.7% EBITDA MARGIN 52.8% 51.8% CASH COST 1.04 1.28 -19.1% DIVIDEND PER SHARE ($MXN) 1.20 1.10 7
Slide 8: Grupo Mexico maintains a solid balance sheet
1Q25 RESULTS GRUPO MEXICO Grupo Mexico maintains Dividend Payments a solid balance sheet Low leverage 4.4% 2023 93% of the debt has a fixed rate 4.7% 4.3% Average 5.4% 3.6% Debt 0.09x Net Debt/EBITDA ratio 3.9% 2024 4.6% 4.4% Average 4.7% 82% 18% 4.2% MEXICAN US DOLLARS PESOS 2025 4.8% 4.8% Average
Slide 9: Debt Maturity Profile
1Q25 RESULTS GRUPO MEXICO Debt Maturity US Millions Profile MINING DIVISION TRANSPORTATION DIVISION INFRASTRUCTURE DIVISION Comfortable maturity schedule. Cash reached US$8.9Bn. 9
Slide 10: Mining Division
1Q25 RESULTS MAIN HIGHLIGHTS 02 Mining Division Copper Market Financial Highlights Projects Update Continuous Value Creation 10
Slide 11: Copper Market
1Q25 RESULTS MINING DIVISION Copper Market Outlook LME Copper Price Expected market deficit in 2025. Low copper inventories. 3.80 Strong Chinese economy. 1Q24 +11% Resilient US economy. 1Q25 4.20 New demand from decarbonization technologies and artificial intelligence technologies. Strong commercial
Slide 12: Mining Division Financial Highlights 1Q25
1Q25 RESULTS MINING DIVISION US$3,346M US$1,804M 265,632 1Q25 SALES 1Q25 EBITDA TONS OF COPPER IN 1Q25 Accumulated sales were 18.7% higher than 1Q24, 22.7% higher than 1Q24, with a 53.9% margin. A decrease of 0.9% vs 1Q24, mainly due to a mainly due to an increase in copper (+18.4%), production decr
Slide 13: Projects Updates
1Q25 RESULTS MINING DIVISION Projects Updates El Arco Baja California, Mexico (2030): This is a world-class copper deposit located in the central part of the Baja California peninsula with sulfide ore reserves of over 1,230 million tonnes and an average ore grade of 0.40%, and 141 million tonnes of
Slide 14: Projects Updates
1Q25 RESULTS MINING DIVISION Projects Updates Tía Maria Arequipa, Perú (2027): As of March 31, 2025, the Company has generated more than 628 jobs, 503 of which were filled with local applicants. To the fullest extent possible, we intend to fill the 3,500 jobs estimated to be required during Tia Mari
Slide 15: Continuous Value Creation
1Q25 RESULTS MINING DIVISION Continuous Value Creation Robust Pipeline Growth Projects Region Peru Project Ilo Smelter USD $1.3 Bn Region Region Region Region Region Peru Mexico Mexico Peru Peru Project Project Region Project Project Project Tia Maria El Pilar Mexico El Arco Los Chancas Production M
Slide 16: Transportation Division
1Q25 RESULTS MAIN HIGHLIGHTS 03 Transportation Division Financial Highlights Main Variations Operating Metrics CAPEX 2025 16
Slide 17: Transportation Financial Highlights
1Q25 RESULTS TRANSPORTATION DIVISION Financial Highlights 1Q25 US$777,788 US$338,439 Transported volume 1Q25 1Q25 SALES 1Q25 EBITDA NET TON-KM CARLOADS A 12.1% decrease vs 1Q24, driven by an 14.2% decrease in transported volume in net ton kilometers. 1.8% higher than 4Q24. 14.9% lower than in 1Q24,
Slide 18: Main Variations
1Q25 RESULTS TRANSPORTATION DIVISION Main Variations Revenue 1Q25 | MXN % Revenue Growth High 11% 23% Intermodal Volume increase in cross-border operations and recovery of shipment demand in South Florida 9% Chemicals Increase in revenue due to fertilizer and plastic resins’ imports Medium 33% 7% En
Slide 19: Operating Metrics
1Q25 RESULTS TRANSPORTATION DIVISION Operating Metrics 1Q25 VS 1Q24 Average train speed Dwell time Cars velocity (KM/HR) (HOURS) (KM/DAY) +5.0% -10.0% +7.0% 38.1 280.3 1Q24 24.6 1Q24 1Q24 1Q25 1Q25 1Q25 40.2 298.8 22.3 Average train length Gross tons per train Crew starts (METERS) (TONS) (AVERAGE MO
Slide 20: CAPEX GMXT - 2025
1Q25 RESULTS CAPEX GMXT - 2025 Million USD De scrip tion 2025 Ma in P roj e cts • New Rail & Ties (1) • Locomotive and Machinery T ra ck a nd $ 244.5 Overhauls E q uip me nt • Tools and equipment • Bridges (2) • Yards reconfiguration Ya rd s a nd • Siding enlargement $ 82.3 T e rmina ls • Ft Pierce
Slide 21: Infrastructure Division
1Q25 RESULTS INFRASTRUCTURE DIVISION 04 Infrastructure Division Financial Highlights Relevant Events 21
Slide 22: Infrastructure Financial Highlights 1Q25
1Q25 RESULTS INFRASTRUCTURE DIVISION US$174,465 US$79,440 US$13,066 1Q25 SALES 1Q25 EBITDA 1Q25 NET INCOME 8.1% lower than 1Q24. 32.4%% higher than 1Q24. 10.9% lower vs 1Q24, with a 45.5% margin. This is due to the impact of 4 oil rig suspension, and negative exchange effects. This was partially off
Slide 23: Relevant Events
1Q25 RESULTS INFRASTRUCTURE DIVISION Relevant Events Fenicias Wind Advancing our clean energy strategy Farm A highlight of the quarter was the outstanding performance of the Fenicias Wind Farm, which delivered $11 million in net sales and $8 million in EBITDA. This project now supplies clean, renewa
Slide 24: Q&A
1Q25 RESULTS MAIN HIGHLIGHTS 05 Q&A 24
Slide 25: 1Q25 Results
APRIL 2025 = GrupoMexico 1Q25 Resu Its