Slide 1: Adjusted EBITDA increase compared to 1Q24
Compared to 1Q24, Adjusted EBITDA increased by 64%. This increase was primarily driven by (i) higher by-products contribution of US$62 million, attributed to increased copper and lead sales volumes and prices, higher payable values for silver and gold in our Peruvian operations and Aripuanã, increas
Slide 2: 1H24 Adjusted EBITDA compared to prior year
During 1H24, Adjusted EBITDA was US$323 million compared to US$205 million in the same period a year ago, primarily driven by higher by-products contribution, higher LME metal prices and lower mineral exploration and project evaluation expenses, partially offset by lower metal net premium.
Slide 3: Mining segment Adjusted EBITDA 2Q24
Adjusted EBITDA for the mining segment in 2Q24 was US$132 million compared to US$20 million in 2Q23. This increase was primarily explained by (i) the positive net price effect of US$57 million, mainly due to higher LME metal prices; (ii) lower TCs of US$22 million; (iii) higher by-products contribut
Slide 4: Dividends received from associate
Amount received in cash related to dividends from associate, as the results from these dividends were not consolidated in prior periods. Please refer to the “Others – Dividends received form associate” section in this Earnings Release for further details.
Slide 5: Mining consolidated cash cost and AISC
Consolidated cash cost 2Q24 1Q24 2Q23 2Q24 vs. 2Q23 1H24 1H23 1H24 vs. 1H23 Cash cost and AISC 9 , 10 Run-of-mine mining cost US$/t 48.5 45.2 43.9 10.4% 46.8 44.5 5.1% Cash cost net of by-products US$/t (91.3%) (61.5%) AISC net of by-products US$/t 1,580 1,423 (38.6%) 1,234 1,627 (24.1%) Cash cost n
Slide 6: Sources of zinc concentrate to Nexa smelters
Sources of Zinc Concentrate to Nexa Smelters (kt) – 2Q24 In 2Q24, Nexa acquired 51% of zinc from its own mines, with the remainder supplied by third parties and secondary feed. The smelters use zinc concentrate as feedstock, which is supplied from our mines, and we apply a benchmark TC for our opera
Slide 7: Smelting segment Adjusted EBITDA compared to 1Q24
Compared to 1Q24, Adjusted EBITDA increased by 37%, mainly driven by (i) higher by-products contribution of US$10 million, primarily related to higher sulphuric acid sales and copper cement prices; (ii) the positive net impact of US$8 million in costs, primarily due to positive raw material inventor
Slide 8: Smelting conversion cost, cash cost and AISC
Consolidated 2Q24 1Q24 2Q23 2Q24 vs. 2Q23 1H24 1H23 1H24 vs. 1H23 Conversion cost, Cash cost and AISC 13 Smelting conversion cost US$/t (6.2%) (4.2%) Cash cost net of by-products US$/t 2,634 2,169 2,474 6.4% 2,410 2,615 (7.9%) AISC net of by-products US$/t 2,853 2,306 2,721 4.8% 2,589 2,819 (8.1%) S
Slide 9: Cash and cash equivalents and debt maturity profile
Cash and cash equivalents and financial investments (“total cash”) amounted to US$474 million on June 30, 2024, 46% higher compared to March 31, 2024, mainly driven by a debenture issuance in the quarter and positive operating cash flows, partially offset by working capital investment of US$17 milli
Slide 10: Net debt and leverage
US$ million Jun 30, 2024 Mar 31, 2024 On June 30, 2024, Nexa’s net debt 15 was US$1,387 million compared with US$1,427 million at the end of 1Q24. Net debt 1,387.5 1,427.4 LTM Adj. EBITDA 509.7 380.8 Net debt/LTM Adj. EBITDA 2.72x 3.75x In addition to continuing to assess short-term and mid-term com