Philex Mining Corp. · PSE:PX

Philex Mining — FY2018 Earnings Presentation

8 slides from Philex Mining's earnings presentation, Mar 25, 2019

  1. Slide 1: Full Year 2018 Financial and Operating Results

    Full Year 2018 Financial and Operating Results 25 March 2019

  2. Slide 2: Silangan Project Updates

    Silangan Project Updates  Silangan mega project set to launch by 2022  Strong indications of superior ore grades and higher mineral resource estimates  Definitive feasibility studies of the first of four planned phases to conclude in May 2019; First phase to cover 21 years  Project tenements con

  3. Slide 3: Full Year 2018 Results Highlights

    Full Year 2018 Results Highlights • Core Net Income at P600 Million • Net Income at P608 Million • Consolidated EBITDA at P2.493 Billion • US$8 million Net Loan Repayments 3

  4. Slide 4: Operating Statistics

    Operating Statistics 2018 2017 +/- Tonnes Milled (‘000) 8,517 8,673 -2% Production:  Tonnes Milled: Lesser operating days, mechanical issues and limited Gold – oz 61,977 84,638 -27% ore sources Copper – lbs (‘000) 26,575 30,118 -12%  Production: Depleting ore grades Recovery: and lower metal recov

  5. Slide 5: Financial Summary

    Financial Summary (in Php mn) 2018 2017 +/- Gross Revenues 8,314 9,985 -17%  Revenues: Lighter tonnage and Smelting Charges 674 842 -20% declining head grade Net Revenues 7,640 9,142 -16%  Cost and Expenses: Controlled expenses due to company-wide cost Costs and Expenses 6,821 6,778 - management i

  6. Slide 6: Capital Expenditure

    Capital Expenditure CAPEX Distribution (in Php mn) 2,425 1,992 194 154 561 435 1,670 1,403 2018 2017 Padcal Silangan/Kalayaan Other Mine Exploration 66

  7. Slide 7: Balance Sheet

    Balance Sheet (in Php mn) 2018 2017 Cash & Cash Equivalents 871 584 Receivables & Others 3,582 5,683 Total Current Assets 4,453 6,267  Investment in Associate: Additional equity investment in PXP Energy Property, Plant & Equipment 5,404 6,721  Short-Term Debt: Net repayment of Deferred Exploration

  8. Slide 8: PXP Energy and Other Assets

    PXP Energy and Other Assets • Potential resumption of exploration activities in SC 72 • Increased equity ownership in PXP Energy from 19.8% to 30.4% • Paid P770 million or 25% of the total subscribed portion in December 2018 • Settled additional P1.387 billion equivalent to 45% of the total subscrib

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