Industrias Penoles Sab De Cv · BMV:PE_OLES
Industrias Penoles Sab De Cv — Q1 2022 Earnings Presentation
15 slides from Industrias Penoles Sab De Cv's earnings presentation, 2022
Slide 1: 1Q'22 Highlights
1Q°22 HIGHLIGHTS ® PENOLES
Slide 2: Economic Environment and Metals Prices
ECONOMIC ENVIRONMENT AND METALS PRICES GOLD London SILVER Comex During the initial quarter of 2022, the Company faced several challenges USD/oz USD/oz that affected the pace of operations and production. Although absenteeism due to Covid-19 continued, mainly in January, contagions decreased towards
Slide 3: Economic Environment and Metals Prices
ECONOMIC ENVIRONMENT AND METALS PRICES METAL PRICES Gold Silver Lead Zinc Copper Period (US$/Oz) (US$/Oz) (UScts/lb) (UScts/lb) (UScts/lb) 1Q'21 1,797.80 26.29 91.65 124.63 384.58 4Q'21 1,794.58 23.36 105.71 152.64 439.90 1Q'22 1,877.16 24.13 105.92 170.27 453.46 %Chng 1Q'22 vs 1Q'21 4.4 -8.2 15.6 3
Slide 4: Mining Division
MINING DIVISION MINING BUSINESS Production 1Q'22 1Q'21 % Chng Gold production decreased (-32.2%) mainly due to lower volume of ore processed and Ore Milled (Mton) 3,884 3,912 -0.7 lower expected grade at Herradura. Ore Mined (*) (Mton) 6,006 7,185 -16.4 Silver grew (+7.7%) due to the ore processing
Slide 5: Contribution by Mine to 1Q22 Production
CONTRIBUTION BY MINE TO 1Q22 PRODUCTION GOLD SILVER 165,690 Oz 16,705 kOz LEAD ZINC COPPER* 18,516 Ton 67,212 Ton 3,106 Ton Notes: */Includes copper cathodes 5
Slide 6: Metallurgical and Chemicals Division
METALLURGICAL AND CHEMICALS DIVISION METALS BUSINESS CHEMICALS BUSINESS There were several operational failures in the lead-silver circuit that caused Sodium sulfate production volume increased (+4.6%) due to improved unscheduled shutdowns, resulting in lower silver and lead productions by -4.7% ope
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS INCOME STATEMENT HIGHLIGHTS (Million US dollars) 1Q'22 1Q'21 % Chng Gross Sales 1,414.1 1,569.8 -9.9 In 1Q22 financial results, revenues declined to the previous year due to lower volumes sold, especially gold due to lower production at Herradura, which was partially mitigated b
Slide 8: Financial Highlights - Net Income Analysis
FINANCIAL HIGHLIGHTS - NET INCOME ANALYSIS Notes: 1/ Net of Revenue from Treatment Charges, Income on inventories and other items..2/Other expenses include impairment losses. 3/ Financial expenses include Exchange result. 8
Slide 9: Financial Highlights: Net Sales by Product and Market
FINANCIAL HIGHLIGHTS NET SALES BY PRODUCT NET SALES BY MARKET 1Q 2022 US$1,407 mm 1Q 2021 US$1,548 mm Notes: 9
Slide 10: Financial Highlights: Sales Volumes
FINANCIAL HIGHLIGHTS GOLD (Oz) SALES VOLUMES Units 1Q'22 1Q'21 %Chng SILVER (koz) Gold Oz 250,279 322,604 -22.4 Silver Koz 17,091 18,103 -5.6 Lead Ton 32,608 31,013 5.1 Zinc Ton 63,347 72,310 -12.4 LEAD (Ton) Copper Ton 604 1,082 -44.1 Copper matte Ton 2,009 2,872 -30.0 Concentrates Ton 35,162 53,59
Slide 11: Financial Highlights: Cost of Production Breakdown
FINANCIAL HIGHLIGHTS COST OF PRODUCTION BREAKDOWN US$ 678.1 mm US$ 663.5 mm Notes: 11
Slide 12: Financial Highlights - Balance Sheet
FINANCIAL HIGHLIGHTS – BALANCE SHEET BALANCE SHEET 1Q'22 2021 % Chg. Cash and cash equivalents 1,808.6 1,817.1 -0.5 Inventories 1,941.6 1,809.7 7.3 Trade and other current receivables 743.3 723.8 2.7 Property, plant and equipment 4,700.4 4,707.3 -0.1 Deferred taxes 361.5 281.0 28.7 Other current and
Slide 13: Financial Highlights - Cash Flow
FINANCIAL HIGHLIGHTS – CASH FLOW CASH FLOW 1Q '22 1Q '21 % Chg . O perat ing act ivit ies Net Income 110.3 185.8 -41 D&A Expenses 162.8 184.1 -12 Change in Working Capital -236.3 -77.1 - 2 06 Tax payments -157.4 -190.3 17 Other items 168.0 110.3 52 Cash Flows from ( used in) O perat ing act ivit ies
Slide 14: Projects Under Development
PROJECTS UNDER DEVELOPMENT Project Juanicipio Location Zacatecas 11.7 moz of silver Description* 43.5 koz of gold 56% Fresnillo plc Ownership 44% MAG Silver Investment 440** (US$ Million) E Startup E 2Q 2022 Notes: */Expected annual production, on average. **/ Juanicipio started processing ore at Fr
Slide 15: Industrias Peñoles, S.A.B. de C.V.
INDUSTRIAS PEÑOLES, S.A.B. DE C.V. About Peñoles Peñoles, founded in 1887, is a mining group with integrated operations for the smelting and refining of non-ferrous metals and the manufacture of chemical products. Peñoles is one of the two largest global producers of refined silver; Latin America’s
Industrias Peñoles, S.A.B. de C.V. — Q1 2022 Earnings Presentation on 6ix