Slide 1: 2020 Corporate Presentation
2020 Corporate Presentation March 2021
Slide 2: Agenda
Our Company 01. Pages 03 - 12 Molybdenum & Rhenium Industry 02. Agenda Pages 13 - 15 Molymet Strengths 03. Pages 16 - 21 Financial Profile 04. Pages 22 - 25 Investment Plan 05. Pages 26 - 27
Slide 3: Our Company
Our Company 01.
Slide 4: Molymet at a glance
Molymet at a glance Main aspects. Molymet is a world class leader in the processing and marketing of molybdenum and rhenium products. • 35% market share in molybdenum processing. • 70% market share in rhenium processing. • +40 years of experience in molybdenum processing and commercialization. • Mol
Slide 5: Molymet at a glance
Molymet at a glance EBITDA PER BUSINESS LINE1 MAIN SHAREHOLDERS1 12% 21.2% Byproducts Plansee Ltda. 27% Tolling 9.8% 50.3% Nueva Carempa S.A. EBITDA Others USD 114 MM 9.6% Fund. Gabriel y Mary Mustakis 61% Own Sales 9.1% Inversiones Lombardía S.A. • Revenues USD 1,052 MM1 • Net Debt/EBITDA 0.23x¹ •
Slide 6: Risk Ratings
Risk Ratings Since 2007,Molymet maintains an Investment Grade in the international market. Risk Rating S&P Fitch Feller International BBB- BBB - Mexico AA AAA - Chile - AA- AA-1 Colombia - AAA - Source: Molymet 1. Positive Outlook. 6
Slide 7: Business Units
Business Units OWN SALES TOLLING BYPRODUCTS Description Description Description Mines Molybdenite Own Mines Traders Sales Tolling purchase Delivery of Delivery of final molybdenite to processed product Molybdenum be processed processing Byproducts processing Rhenium and other byproducts sale Sale of
Slide 8: Relevant events during 2020
Relevant events during 2020 April 21 The Ordinary Shareholders' Meeting of Molibdenos y Metales S.A. agreed to renew the Company's Board of Directors for 3 years. At the same time, Mr. George Anastassiou M. and Mr. Karlheinz Wex were appointed as Chairman and Vice Chairman of the Board, respectively
Slide 9: Relevant events during 2020
Relevant events during 2020 Junio 9 Molymet learned of the resignation of the Director Mr. Bernhard Schretter, which became effective as of June 30, 2020. Junio 23 In replacement of Mr. Bernhard Schretter, Mr. Wolfgang Koeck, assumed the position of Director, effective as of July 1, 2020 and until t
Slide 10: Relevant events during 2020
Relevant events during 2020 October 2 the Colombian Stock Exchange approved the renewal of the Issuer Recognition - IR to Molymet, which will be valid for one year from this date. This Recognition seeks to highlight the issuers in the Colombian market that voluntarily adopt best practices in the 202
Slide 11: Molymet, committed to environmental care
Molymet, committed to environmental care In Molymet we follow through with our commitment to taking care of the environment, creating sustainable economic value and applying clean production and eco-efficiency strategies ▪ We transform sulfur dioxide from the roasting processes into sulfuric acid w
Slide 12: COVID-19 Situation
COVID-19 Situation ▪ As a result of the pandemic caused by the Coronavirus (COVID-19), Molymet has minimized its financial and operational risks, through a comprehensive contingency plan organized by a Crisis Committee, which aims to adopt measures to maintain the operational continuity of the compa
Slide 13: Molybdenum & Rhenium Industry
Molybdenum & Rhenium Industry 02.
Slide 14: Molybdenum Use
Molybdenum Use (2019) FINAL USE Oil & Gas 16% FIRST USE Chemical / Petrochemical 14% 6% 3% Metallic Mo Nickel Alloys Automotive 13% 8% Foundries Mechanical engineering 13% 8% 39% Tool Steels Engineering Steels Process industry 10% Other Transportation 9% 13% Chemicals Building / Construction 7% Powe
Slide 15: Molybdenum Price evolution
Molybdenum Price evolution Regarding the international price of molybdenum oxide, in average during the year went from US$ 11.35 per pound by December 2019 to US$ 8.69 per pound by December 2020, which meant a 23,44% decrease. Year Avarage Price (US$/LB.) 2013 10.32 MO AVERAGE MONTHLY PRICES* 2014 1
Slide 16: Molymet Strengths
Molymet Strenghts 03.
Slide 17: Leadership position through global integration
Leadership position through global integration Unique geographical diversification in the industry PRODUCTION PLANTS AND COMMERCIAL OFFICES By the end of December 2020 Molymet Molymet Germany Belgium 3* GERMANY Molymet Services 33 BELGIUM UK Molymet Corporation FLORIDA Molymex Molymet Beijing Tradin
Slide 18: Quality operation and constant innovation, research and development
Quality operation and constant innovation, research and development Molymet's strategy is to invest in technology, having patented processes protected by industrial secrecy Developments in innovation and technological research: • Improve oxidation and roasting processes. • Obtain operational efficie
Slide 19: Long-term relations with clients and suppliers of raw material
Long-term relations with clients and suppliers of raw material Molymet has signed new Tolling and Rhenium long-term contracts, which brings stability to the business. TOLLING, MAIN CONTRACTS RHENIUM, MAIN CONTRACTS Client Client Client Client Client Client CODELCO SIERRA GORDA KENNECOTT CANNON PRATT
Slide 20: Long-term relations with clients and suppliers of raw material
Long-term relations with clients and suppliers of raw material *Spot Contracts Highland Valley Diversified suppliers base Butte Montana Molymet has maintained for several Bingham Canyon* years a diversified base of raw La Caridad Buenavista material suppliers (MoS2), emphasizing the diversity of ori
Slide 21: Solid results and stable credit profile
Solid results and stable credit profile NET PROFIT1 (USD MM) EBITDA (USD MM) The bars in green show the net profit, adjusted by the effects of Stable EBITDA generation despite the volatility in molybdenum prices. the sale of LYHT. Tolling and byproducts business units give cash flow stability and vi
Slide 22: Financial Profile
Financial Profile 04.
Slide 23: Prudent and conservative financial policy reflected in minimum levels of indebtedness
Prudent and conservative financial policy reflected in minimum levels of indebtedness Molymet has always maintained high levels of liquidity, which has allowed us to face price increases and be able to make investments aligned with the company's strategy. CASH LEVELS ACCORDING TO THE BALANCE SHEET B
Slide 24: Adequate maturity profile of debt and broad access to debt markets
Molymet maintains an adequate maturity profile of its debt (US$ 232 million by the end of December 2020) and broad access to debt markets Bond issuance in Colombia: On August 2nd, 2018, Molymet made a bond issuance in the Colombian market for an amount equivalent to US$ 68.85 million, becoming the f
Slide 25: Prudent and conservative financial policy
Prudent and conservative financial policy reflected in minimum Net Debt¹ (USD MM) Net Debt¹ / EBITDA levels of MM US$ x indebtedness 2,5 2.0 350 315 250 1,5 147 0.9 150 100 105 79 0.6 0.6 0.6 33 26 0,5 0.2 0.2 50 -50 14 15 16 17 18 19 20 -0,5 14 15 16 17 18 19 20 Solid results and financial ratios E
Slide 26: Investment Plan
Investment Plan 05.
Slide 27: Business Strategy and Investment Plan
Business Strategy and Investment Plan Molymet Belgium N.V. (Belgium) Press Release Perfil financiero Project: Purox, construction of a pure products plant. Molymet Strategic Plan Capacity: 12 million lb. per year. Estimated investment: USD 58 million. Status: In progress. It will start operations in
Slide 28: Contact Us
C O N TA C T U S Address Telephone Web Camino Nos a los Morros N° 66 Andrés Ovalle www.molymet.com San Bernardo, Santiago, Chile +56 2 2937 6672 ir@molymet.cl