Pan American Silver Corp. · TSX:PAAS
Pan American Silver — Q1 2021 Earnings Presentation
13 slides from Pan American Silver's earnings presentation, May 13, 2021
Slide 1: Conference Call, May 13, 2021
1 CONFERENCE CALL // MAY 13, 2021
Slide 2: Cautionary Note Regarding Forward Looking Statements and Information
2 silver and gold segments for the purposes of our financial reporting, as are inherently subject to significant operational, business, economic and described in the Company’s MD&A for the period ended December 31, regulatory uncertainties and contingencies. These assumptions include: the 2020. All
Slide 3: Cautionary Note (Continued)
3 CONTINUED statements or information to reflect changes in assumptions or in Canadian public disclosure standards, including NI 43-101, differ significantly circumstances or any other events affecting such statements or information, from the requirements of the United States Securities and Exchange
Slide 4: Silver Production and Gold Production
4 Silver Production Gold Production (ounces ‘000s) (ounces ‘000s) La Colorada 1,065 0.5 Huaron 884 0.3 Morococha(1) 521 0.2 San Vicente(2) 701 0.1 Manantial Espejo 697 5.9 Dolores 634 37.0 Shahuindo 65 29.5 La Arena 11 33.2 Timmins 4 31.0 Total 4,583 137.6 1. Morococha data represents Pan American's
Slide 5: Cash Costs and AISC
5 Cash Costs(1) AISC(1) 1. Cash Costs and AISC are non-GAAP measures. Please refer to the “Alternative Performance (Non-GAAP) Measures” section of the ($ per ounce) ($ per ounce) MD&A for the period ended March 31, 2021 for a detailed description of these measures and where appropriate a La Colorada
Slide 6: Q1 2021 Financial Results
6 unaudited in millions of US$, except per share amounts Revenue 368.1 Mine operating earnings 90.0 Net loss (7.6) Basic loss per share(1) (0.04) Adjusted earnings(2) 37.4 Basic adjusted earnings per share(1)(2) 0.18 Net cash generated from operating activities 29.9 (1) Per share amounts are based o
Slide 7: Cash Flow Performance
7 Sustaining Cash Flow Performance Growth, Business Development, and Other $450 $147 $1 $400 $350 ($61) $300 $279 ($47) $258 Millions $250 ($45) ($15) $206 $200 ($39) ($7) ($6) $150 $100 $50 $0 Cash and STI Adjusted Net other (e.g. Net income Net changes in Sustaining Dividends paid Cash and STI Rev
Slide 8: Q1 2021 Basic Adjusted Net Earnings
8 Q1 2021 Basic Adjusted Net Earnings $0.18/share $50 $2.0 $2.2 $40 $7.7 $37.4 $(5.7) $(0.2) $39.0 $30 $20 Millions $10 $0 Net loss for the Losses on equity Effect of foreign Unrealized Effect of taxes Heap inventory Other Adjusted period securities exchange on foreign exchange on adjusting net real
Slide 9: We expect production and cash flow to be backloaded
9 Annual Production 1. Cash Costs and AISC are non-GAAP measures. Please refer to the section We expect Silver - Moz 20.50 – 22.00 “Alternative Performance (Non-GAAP) Measures” of the Q1 2021 MD&A for a detailed description of these measures and where appropriate a reconciliation production and Gold
Slide 10: FCF Allocation 2010 - Q1 2021
10 9%Share 24% Repurchases Dividends // $1.5B in FCF generated since 2010, returning $514 M to shareholders 3 and investing $598 M in expansions FCF 28% ALLOCATION Debt Repayment 2010 - Q1 2021 Cash Flow Priorities 1 Maintain balance sheet flexibility, with low to zero debt 39% Expansion 2 Invest in
Slide 11: View our 2020 Sustainability Report online
11 // View our 2020 Sustainability Report online Reporting ESG performance since 2010 under the Global Reporting Initiative (GRI) standard Member of UN Global Compact and reporting on UN Sustainable Development Goals Aligning disclosure with TCFD and SASB Implementing Mining Association of Canada’s
Slide 12: To join the queue
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Slide 13: Audio and presentation archive accessible on our website
The audio and presentation archive of this conference call and webcast will be accessible on our website at: https://www.panamericansilver.com/investors/events-and-presentations/