Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q1 2025 Earnings Presentation
13 slides from Hudbay Minerals's earnings presentation, May 12, 2025
Slide 1: Q1 2025 Results Presentation
Q1 2025 Results Presentation May 12, 2025
Slide 2: Cautionary Information
Cautionary Information 2 This presentation contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Of
Slide 3: Q1 2025 Operational Excellence
Q1 2025 Operational Excellence 3 DELIVERING STABLE COPPER PRODUCTION, STRONG GOLD PRODUCTION AND INDUSTRY-LEADING MARGINS KEY RESULTS SUMMARY $287M $87M 31kt ($0.45)/lb Q1 2025 Q4 2024 Q1 2024 Q1 2025 Q1 2025 Free Q1 2025 Cu Q1 2025 Production1 Adj. EBITDA1 Cash Flow2 Production Cash Cost1 Copper kt
Slide 4: Continued Execution and Cu/Au Exposure Driving Free Cash Flows
Continued Execution and Cu/Au Exposure Driving Free Cash Flows 4 WELL-POSITIONED TO FUND GROWTH INITIATIVES WITH ENHANCED BALANCE SHEET AND DIVERSIFIED CASH FLOWS GENERATING FREE CASH FLOW $356M $100M ↑ $56M ↑ QUARTERLY FREE CASH FLOW & ADJ. EBITDA1,4 LTM Free in Cash Flow in Cash Flow 300 FCF ADJ.
Slide 5: Peru Operations Review
Peru Operations Review 5 EXECUTING ON PLAN WHILE OPERATING EFFICIENCIES CONTINUE TO DRIVE LOW-COST PERFORMANCE SUMMARY OF PERU OPERATING RESULTS 20kt 8koz $1.11/lb Q1 2025 Q4 2024 Q1 2024 Q1 2025 Q1 2025 Q1 2025 Constancia ore mined1 mt 8.6 4.2 2.6 Cu Production Au Production Cash Cost1 Pampacancha
Slide 6: Manitoba Operations Review
Manitoba Operations Review 6 EXCEEDING EXPECTATIONS WITH STRONG GOLD PRODUCTION AND COST PERFORMANCE SUMMARY OF SNOW LAKE OPERATING RESULTS 60koz 3kt $376 Q1 2025 Q4 2024 Q1 2024 Q1 2025 Q1 2025 Q1 2025 Ore mined kt 384.2 422.5 407.7 Au Production Cu Production Gold Cash Cost1 Combined Ore milled kt
Slide 7: British Columbia Operations Review
British Columbia Operations Review 7 CONTINUED OPTIMIZATION INITIATIVES WITH STRIPPING PLAN AND MILL ADVANCEMENTS SUMMARY OF COPPER MOUNTAIN OPERATING RESULTS 7kt 6koz $2.44/lb Q1 2025 Q4 2024 Q1 2024 Q1 2025 Q1 2025 Q1 2025 Ore mined1 mt 2.6 2.4 3.7 Cu Production Au Production Cash Cost1 Strip rati
Slide 8: 3-Year Production Outlook
3-Year Production Outlook 8 STABLE COPPER PRODUCTION WITH STRONG COMPLEMENTARY GOLD EXPOSURE 144kt 253koz 88kt 193koz 44kt 3-Year Avg. Cu 3-Year Avg. Au 3-Year Avg. Cu 3-Year Avg. Au 3-Year Avg. Cu Consolidated Production Consolidated Production Peru Production Manitoba Production B.C. Production CO
Slide 9: Copper World Project Key Highlights
Copper World Project KEY HIGHLIGHTS 9 HIGHEST GRADE OPEN PIT COPPER PROJECT IN AMERICAS ATTRACTIVE ECONOMICS AT CONSERVATIVE $3.75CU PRICE ASSUMPTIONS1 $1.1B 19% PHASE I FOOTPRINT ON PRIVATE LAND COPPER PRICE SENSITIVITY ($M) NPV 8% IRR1 2,006 NPV 10% NPV 8% Fully permitted project expected to incre
Slide 10: Snow Lake Exploration
Snow Lake Exploration 10 LARGE SNOW LAKE EXPLORATION PROGRAM EXECUTING THREEFOLD STRATEGY 1. NEAR MINE – MINE LIFE EXTENSION 2. REGIONAL – PRODUCTION GROWTH 3. GEOPHYSICS – NEW ANCHOR DISCOVERY Testing mineralized extensions at Lalor and 1901 deposit to Exploration across Snow Lake region land packa
Slide 11: Long-term Growth Opportunities
Long-term Growth Opportunities 11 ADVANCEMENTS TO OUR COPPER PIPELINE SIGNING EXPLORATION AGREEMENTS WITH FIRST NATIONS OTHER GROWTH OPPORTUNITIES TO INCREASE COPPER EXPOSURE COMMUNITIES IN MANITOBA KICIWAPA CREE NATION FLIN FLON TAILING REPROCESSING Mill Tailings: advancing studies to evaluate th
Slide 12: Diversified Mid-Tier Copper Producer
Diversified Mid-Tier Copper Producer 12 ANNUAL COPPER PRODUCTION & CASH COSTS1,2 REVENUE AND RESERVES BY METAL 240.0 $0.86 $0.90 REVENUE3 RESERVES4 $0.80 1.00 Copper World $0.46 3% 5% 2% 3% 6% Consolidated Copper Cash 200.0 0.50 5% Production (000 tonnes) 138-184 Consolidated Copper Costs (US$/lb) 1
Slide 13: Questions
QUARTERLY EARNINGS / Q1 2025 QUESTIONS TSX & NYSE: HBM 13