Grupo Mexico S.a.b. De C.v. Class B · BMV:GMEXICO/B
Grupo Mexico S.a.b. De C.v. Class B — Q3 2024 Earnings Presentation
24 slides from Grupo Mexico S.a.b. De C.v. Class B's earnings presentation, October 2024
Slide 1: 3Q24 Results
3Q24 Results OCTOBER 2024
Slide 2: Disclaimer
3Q24 RESULTS DISCLAIMER Disclaimer Summary financial information This information is given in summary form and does not purport This presentation may contain forward looking statements This document includes summary financial information and to be complete. Information in this presentation, includin
Slide 3: Contents
01 02 03 04 05 Grupo México’s Mining Division Transportation Division Infrastructure Division Q&A Session Main Highlights Main Highlights Main Highlights Main Highlights 04p 10p 15p 20p 23p Contents 3
Slide 4: Main Highlights
3Q24 RESULTS MAIN HIGHLIGHTS 01 Main Highlights ESG Highlights Scorecard Financial Highlights Balance sheet Debt Maturity Profile 4
Slide 5: ESG Highlights
3Q24 RESULTS GRUPO MEXICO ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. Responsible Our three mining operations in Peru—Cuajone, Toquepala, and Ilo—were Production awarded with The Copper Mark and The Molybdenum Mark certifications for responsible production. This r
Slide 6: Scorecard 9M24
3Q24 RESULTS GRUPO MEXICO US$12,323M 819,638 TONS OF CU IN 9M24 US$1.12 /LB ACCUMULATED SALES ACCUMULATED NET CASH COST 12.5% vs 2023 A 7.1% recovery vs 9M23 -7.2 vs 2023 13.4% vs 3Q23 A 10.6% increase vs 3Q23 A reduction of US$0.29 (-19.2%) vs 2Q23. Mainly due to higher copper and byproducts sales
Slide 7: Financial Highlights
3Q24 RESULTS GRUPO MEXICO Financial Highlights USD 3Q24 3Q23 VAR % 9M24 9M23 VAR% REVENUE (MM) 4,127 3,640 13.4% 12,323 10,955 12.5% OPERATING INCOME (MM) 1,751 1,373 27.5% 5,258 4,335 21.3% EBITDA (MM) 2,173 1,782 22.0% 6,472 5,515 17.3% EBITDA MARGIN 52.7% 49.0% 52.5% 50.3% CASH COST 1.04 1.29 -19
Slide 8: Grupo Mexico maintains a solid balance sheet
3Q24 RESULTS GRUPO MEXICO Grupo Mexico maintains Dividend Payments a solid balance sheet 1Q $1.50 6.3% 2022 Low leverage 2Q $1.00 95% of the debt has a fixed rate 5.1% 5.2% Average 2022 3Q $0.75 4.7% 4Q $1.00 4.8% 1Q $1.00 4.4% Debt 2Q $0.80 2023 0.1x Net Debt/EBITDA ratio 3.7% 2023 3Q $1.00 5.4% 4.
Slide 9: Debt Maturity Profile
3Q24 RESULTS GRUPO MEXICO Debt Maturity US Millions Profile 2024 2025 172 759 2026 57 2027 837 2028 286 2029 510 MINING DIVISION 2030 58 2031 62 TRANSPORTATION DIVISION 2032 67 2033 18 2034 20 INFRASTRUCTURE DIVISION 2035 1,019 2036 21 2037 22 2038 23 2039 24 2040 1,109 Comfortable maturity schedule
Slide 10: Mining Division
3Q24 RESULTS MAIN HIGHLIGHTS 02 Mining Division Copper Market Financial Highlights Projects Update Continuous Value Creation 10
Slide 11: Copper Market
3Q24 RESULTS MINING DIVISION Copper Market Outlook LME Copper Price Expected market surplus in 2024. Resilient US economy. 3.80 3Q23 FED interest rate reduction cycle. +10.0% Chinese strong stimulus package. 3Q24 4.20 New demand from decarbonization technologies and artificial intelligence. 11
Slide 12: Mining Division Financial Highlights
3Q24 RESULTS MINING DIVISION US$9,429M US$5,114M 819,638 ACCUMULATED SALES 9M24 EBITDA TONS OF COPPER IN 9M24 Accumulated sales were 13.2% higher than 2023, as 22.8% higher than 2023, with a 54.2% margin. An increase of 7.1% vs 2023, mainly due to a a result of higher copper and byproduct sales prod
Slide 13: Projects Updates
3Q24 RESULTS MINING DIVISION Projects Updates Tía Maria Arequipa, Perú (2027): As of September 30, 2024, the Company had generated more than 422 jobs, 355 of which were filled with local applicants. In the coming months, we expect to build roads and access points; train operators; update the topogra
Slide 14: Continuous Value Creation
3Q24 RESULTS MINING DIVISION Continuous Value Creation Robust Pipeline Growth Projects Region Peru Project Ilo Smelter USD $1.3 Bn Region Region Region Mexico Mexico Peru Region Project Region Project Project Peru Region Peru El Pilar Mexico El Arco Los Chancas Project Project Production Project Pro
Slide 15: Transportation Division
3Q24 RESULTS MAIN HIGHLIGHTS 03 Transportation Division Financial Highlights Main Variations Operating Metrics CAPEX 2025 15
Slide 16: Transportation Division Financial Highlights
3Q24 RESULTS TRANSPORTATION DIVISION Financial Highlights 9M24 US$2,566M US$1,096M Transported volume 9M24 ACCUMULATED SALES 9M24 EBITDA NET TON-KM CARLOADS A 7.5% increase vs 2023, given a 9.1% carloads increase and a 4.4% net ton km increase. 0.8% lower than in 2023. 42.7% margin. +4.4% +9.1% vs 2
Slide 17: Main Variations
3Q24 RESULTS TRANSPORTATION DIVISION Main Variations Revenue 3Q24 | MXN The volume in our cross-border and domestic operations in Mexico increased, as did the 33% Intermodal domestic volume in the U.S.. We continue to gain share vs competitors. High 44% 19% Agricultural The increase in grain border
Slide 18: Operating Metrics
3Q24 RESULTS TRANSPORTATION DIVISION Operating Metrics 3Q24 VS 3Q23 Average train speed Dwell time Cars velocity (KM/HR) (HOURS) (KM/DAY) +14.0% +14.0% -13.0% 24.9 285.4 39.1 3Q23 3Q23 3Q23 3Q24 3Q24 3Q24 33.7 28.4 249.6 Average train length Gross tons per train Crew starts (METERS) (TONS) (AVERAGE
Slide 19: CAPEX GMXT - 2025
3Q24 RESULTS CAPEX GMXT - 2025 Million USD • New Rail & Ties (1), (2) • Locomotive and Machinery T ra ck a nd $259.7 Overhauls E q uip me nt • Tools and equipment • Bridges (3) • Pascualitos Yard (4) • Ft Pierce New Intermodal Ya rd s a nd $ 81.1 Terminal (5) T e rmina ls • Yards reconfiguration • S
Slide 20: Infrastructure Division
3Q24 RESULTS INFRASTRUCTURE DIVISION 04 Infrastructure Division Financial Highlights Relevant Events 20
Slide 21: Infrastructure Division Financial Highlights
3Q24 RESULTS INFRASTRUCTURE DIVISION US$577M US$331M US$100M 9M24 SALES ACCUMULATED EBITDA 9M24 NET INCOME 9.1% higher than 2023. 26.9% higher vs 2023, with a remarkable 57.3% 75.0% higher vs 9M23. These results are a direct outcome of our robust margin. operational execution and strategic initiativ
Slide 22: Relevant Events
3Q24 RESULTS INFRASTRUCTURE DIVISION Relevant Events Oil rigs Continuous & Improved Performance of Oil Rigs Perforadora Mexico has consistently delivered enhanced operational performance, achieving a year-to- date availability rate of 98.8%. By the end of 3Q24, we reached total net sales of $178 mil
Slide 23: Q&A
3Q24 RESULTS MAIN HIGHLIGHTS 05 Q&A 23
Slide 24: 3Q24 Results
OCTOBER 2024 = GrupoMexico 3Q24 Resu Its