Southern Copper Corporation · NYSE:SCCO
Southern Copper — Investor Presentation (May 2025)
20 slides from Southern Copper's investor presentation, May 2025
Slide 1: Company Presentation May 2025
May 2025 COMPANY PRESENTATION
Slide 2: Safe Harbor Statement
Safe Harbor Statement P R E S E N T A T I O N The material in this presentation contains certain statements that are neither reported financial results nor other historical information. These C O M P A N Y estimates are forward-looking statements within the meaning of the safe- harbor provisions of
Slide 3: Contents
Contents P R E S E N T A T I O N 01 C O M P A N Y Introduction 02 p. 04 Overview of Operations 03 p. 09 Financial Overview p. 15 3
Slide 4: Introduction
Introduction Corporate Structure Copper Fundamentals SCC’s Strengths ESG 4
Slide 5: Corporate Structure
Corporate P R E S E N T A T I O N Structure C O M P A N Y 100.0% (*) 88.9% (*) Public Float 11.1% (*) 99.29 % 99.96 % Southern Perú Minera México 37% of EBITDA (*) 63% of EBITDA (*) (*) As of March 31, 2025 5
Slide 6: Copper – The best Fundamental Story in Commodities
Copper – The best Fundamental Story in Commodities P R E S E N T A T I O N COPPER MARKET SOLID FUNDAMENTALS 2024 COPPER CONSUMPTION BY REGION • Expecting market deficit of 300K for 2025. Inventories at a low level. C O M P A N Y • Demand (+2.9%): China economic measures, resilient US economy, new de
Slide 7: Southern Copper Strengths
Southern Copper P R E S E N T A T I O N • Highest copper reserves of any listed company. Strengths • Excellent organic growth projects. C O M P A N Y • Low cost, integrated operations. • Experienced management team. • Strong financial performance / investment grade since 2005. • Outstanding dividend
Slide 8: ESG at the Core of our Strategy
ESG at the Core of our Strategy P R E S E N T A T I O N COMMUNITIES' DEVELOPMENT C O M P A N Y Over Two high-performance schools (COAR) built by Southern Copper Corporation in the Tacna and Moquegua regions were inaugurated by the President of the Republic of Peru and will educate 600 outstanding
Slide 9: Overview of Operations
Overview of Company Overview Copper Reserves Operations Geographic Footprint & Product Diversification Low Cost Operations Copper Production Cash Cost 9
Slide 10: Company Overview
Company Overview P R E S E N T A T I O N Mexico – 57% Buenavista – 433 kt 51.1 mmt COPPER El Pilar RESERVES ¹ Santa Eulalia C O M P A N Y La Caridad – 117 kt El Arco Santa Barbara 65.6 mmt COPPER IMMSA– 10 kt San Martin RESOURCES 2 Charcas San Luis Potosi CASH COST 1Q 2025: Taxco $0.77/ lb Peru – 43
Slide 11: Largest Copper Reserves of any Listed Company
Largest Copper Reserves of any Listed P R E S E N T A T I O N Company SCC HIGHLIGHTS • #1 mine life among copper producers C O M P A N Y COPPER RESERVES AS REPORTED • #5 world’s largest producer of mined copper • Diversified geographical presence 60 • Four large-scale open-pit mines 51.1 Copper Rese
Slide 12: Geographic Footprint & Product Diversification
Geographic Footprint & P R E S E N T A T I O N Product Diversification 2024 REVENUE BY PRODUCT 2024 REVENUE BY MARKET C O M P A N Y 12
Slide 13: Cost Operations
Cost Operations P R E S E N T A T I O N CASH COST PER POUND OF COPPER PRODUCED LOW-COST DRIVERS NET OF BY-PRODUCTS • Integrated and highly competitive cost operations. 1.1 1.03 • World class assets. C O M P A N Y 0.88 0.89 • Significant SX-EW production. 0.9 0.87 • Strong by-product credits. (US$/lb
Slide 14: Copper Mine Composite Cost Curve
Copper Mine Composite Cost Curve P R E S E N T A T I O N 2024 Copper Mine, Composite, C1 + SUST CAPEX Grouped by Company and Ranked by C1 + SUST CAPEX C O M P A N Y C1 + Sust Capex Teck Asarco KGHM Resources Polska Glencore 360 Miedz Antofagasta plc Codelco C1 + Sust Capex (c/lb) Cerro First Anglo A
Slide 15: Financial Overview
Financial Overview Financial Highlights Solid Financial Performance Investment Program SCC’s Major Strengths 15
Slide 16: Financial Highlights
Financial Highlights P R E S E N T A T I O N (US$ MM) 2021 2022 2023 2024 2025E Copper Price (LME) US$ per pound 4.24 4.00 3.85 4.15 4.20 Income Statement: Net Revenues $10,934 $10,048 $9,896 $11,433 $11,197 C O M P A N Y EBITDA 6,853 5,365 5,029 6,406 6,040 EBITDA Margin 63% 53% 51% 56% 54% Net Inc
Slide 17: Solid financial performance
Solid financial P R E S E N T A T I O N performance 2024 Total Debt / EBITDA TOP TIER MARGINS AND CONSERVATIVE C O M P A N Y LEVERAGE FOR INCREASED FINANCIAL FLEXIBILITY Rio Tinto 0.6x BHP Billiton 0.7x 2024 EBITDA Margin Freeport 1.0x SCC 1.0x 56% Antofagasta 1.2x Anglo American 1.9x 52% First Quan
Slide 18: Investment Program to Significantly Increase Production
Investment Program to Significantly Increase P R E S E N T A T I O N Production TIA MARIA ILO SMELTER LOS CHANCAS MICHIQUILLAY C O M P A N Y PERU 120k tons Cu US $1.3 B 130k tons Cu 225k tons Cu US $1.8 B 7.5k tons Mo US $2.5 B US $2.6 B PROJECTS 2027 2028 2029 2030 2031 2032 EL PILA
Slide 19: Investment Program to Significantly Increase Production
Investment Program to Significantly Increase P R E S E N T A T I O N Production 2024-2034 CAPEX PROGRAM OVERVIEW 2024-2034 COPPER PRODUCTION FORECAST C O M P A N Y (‘000 MT CU) 1,800 1,548 1,575 1,574 3,200 1,600 +62% Average 2,727 2,756 2,768 2,728 $1.7 B 1,400 1,295 2,600 2,284 1,200 1,068 1,080 1
Slide 20: SCC's Major Strengths
SCC’s Major SCC IS THE PREMIER COPPER PLAY P R E S E N T A T I O N World class assets in investment grade countries. Strengths #1 in reserves of any listed company with various organic growth prospects. • Copper production heading towards 1.6M Tons by 2033. Investments focused on cost competit