Southern Copper Corporation · NYSE:SCCO
Southern Copper — Investor Presentation (October 2025)
23 slides from Southern Copper's investor presentation, Oct 29, 2025
Slide 1: Company Presentation
November 2025 COMPANY PRESENTATION
Slide 2: Safe Harbor Statement
Safe Harbor Statement P R E S E N T A T I O N The material in this presentation contains certain statements that are neither reported financial results nor other historical information. These C O M P A N Y estimates are forward-looking statements within the meaning of the safe- harbor provisions of
Slide 3: Contents
Contents P R E S E N T A T I O N 01 C O M P A N Y Introduction 02 p. 04 Overview of Operations p. 09 03 Financial Overview p. 15 3
Slide 4: Introduction
Introduction Corporate Structure Copper Fundamentals SCC’s Strengths ESG 4
Slide 5: Corporate Structure
Corporate P R E S E N T A T I O N Structure C O M P A N Y 100.0% (*) 88.9% (*) Public Float 11.1% (*) 99.29 % 99.96 % Southern Perú Minera México 37% of EBITDA (*) 63% of EBITDA (*) (*) As of September 30, 2025 5
Slide 6: Copper – The best Fundamental Story in Commodities
Copper – The best Fundamental Story in Commodities P R E S E N T A T I O N COPPER MARKET SOLID FUNDAMENTALS 2024 COPPER CONSUMPTION BY REGION • Expecting market deficit of 400K for 2025. Inventories at a low level (8 days). C O M P A N Y • Demand: China economic measures, resilient US economy, new d
Slide 7: Strong Fundamentals, Underpinned by Energy Transition Trends
Strong Fundamentals, Underpinned by Energy Transition Trends With Rising Demand and Potentially Constrained Supply Growth, Copper is One of the Most Critical Minerals for the Energy Transition Trend Increase in Total Copper Demand (Mt)(1) Global Copper Production and Primary Demand (Mt)(3) Copper Ma
Slide 8: Southern Copper Strengths
Southern Copper P R E S E N T A T I O N • Highest copper reserves of any listed company. Strengths • Excellent organic growth projects. C O M P A N Y • Low cost, integrated operations. • Experienced management team. • Strong financial performance / investment grade since 2005. • Outstanding dividend
Slide 9: ESG at the Core of our Strategy
ESG at the Core of our Strategy P R E S E N T A T I O N ESG RECOGNITIONS S&P Global increased SCC’s rating by 4 C O M P A N Y ✓ points over last year’s print. This result positions the company among the leaders in the mining sector’s performance ranking, with a rating that is more than twice the ind
Slide 10: Overview of Operations
Overview of Company Overview Copper Reserves Operations Geographic Footprint & Product Diversification Low Cost Operations Copper Production Cash Cost 10
Slide 11: Company Overview
Company Overview P R E S E N T A T I O N Mexico – 57% Buenavista – 433 kt 51.1 mmt COPPER El Pilar Santa Eulalia C O M P A N Y RESERVES ¹ La Caridad – 117 kt El Arco Santa Barbara 65.6 mmt COPPER IMMSA– 10 kt San Martin RESOURCES 2 Charcas San Luis Potosi CASH COST 9M 2025: Taxco $0.61/ lb Peru – 43
Slide 12: Largest Copper Reserves of any Listed Company
Largest Copper Reserves of any Listed P R E S E N T A T I O N Company SCC HIGHLIGHTS C O M P A N Y • #1 mine life among copper producers COPPER RESERVES AS REPORTED • #5 world’s largest producer of mined copper • Diversified geographical presence 60 • Four large-scale open-pit mines 51.1 Copper Rese
Slide 13: Geographic Footprint & Product Diversification
Geographic Footprint & P R E S E N T A T I O N Product Diversification 9M 2025 REVENUE BY PRODUCT 9M 2025 REVENUE BY MARKET C O M P A N Y PERU SULPHURIC ACID 2% OTHER 2% 7% SILVER 4% EUROPE ZINC 5% 9% UNITED MOLYBDENUM STATES MEXICO 11% 9% 35% OTHER AMERICA 9% COPPER 76% ASIA 31% 13
Slide 14: Cost Operations
Cost Operations P R E S E N T A T I O N CASH COST PER POUND OF COPPER PRODUCED LOW-COST DRIVERS 1.1 NET OF BY-PRODUCTS • Integrated and highly competitive cost operations. 1.03 • World class assets. C O M P A N Y 0.88 0.89 • Significant SX-EW production. 0.9 0.87 • Strong by-product credits. (US$/lb
Slide 15: Copper Mine Composite Costs Curve
Copper Mine Composite Costs Curve R E S U L T S 2024 COPPER MINE, COMPOSITE, C1 + SUST CAPEX 2 Q 2 5 GROUPED BY COMPANY AND RANKED BY C1 + SUST CAPEX 600 C1 + Sust Capex Antofagasta Asarco First Quantum Minerals Teck Resources Codelco 400 Anglo American Glencore Cerro Verde KGHM Polska Miedz Freepor
Slide 16: Financial Overview
Financial Overview Financial Highlights Solid Financial Performance Investment Program SCC’s Major Strengths 16
Slide 17: Financial Highlights
Financial Highlights (US$ MM) 2021 2022 2023 2024 2025E P R E S E N T A T I O N Copper Price (LME) US$ per pound 4.24 4.00 3.85 4.15 4.40 Income Statement: Net Revenues $10,934 $10,048 $9,896 $11,433 $11,725 C O M P A N Y EBITDA 6,853 5,365 5,029 6,406 6,573 EBITDA Margin 63% 53% 51% 56% 56% Net Inc
Slide 18: Solid financial performance
Solid financial P R E S E N T A T I O N performance 2024 Total Debt / EBITDA TOP TIER MARGINS AND CONSERVATIVE C O M P A N Y LEVERAGE FOR INCREASED FINANCIAL FLEXIBILITY Rio Tinto 0.6x BHP Billiton 0.7x 2024 EBITDA Margin Freeport 1.0x SCC 1.0x 56% Antofagasta 1.2x Anglo American 1.9x 52% First Quan
Slide 19: Investment Program to Significantly Increase Production
Investment Program to Significantly Increase P R E S E N T A T I O N Production C O M P A N Y TIA MARIA ILO SMELTER LOS CHANCAS MICHIQUILLAY PERU ▪ 120k tons Cu ▪ US $1.3 B ▪ 130k tons Cu ▪ 225k tons Cu ▪ US $1.8 B ▪ 7.5k tons Mo ▪ US $2.5 B ▪ US $2.6 B PROJECTS 2027 2028 2029 2030 2031 2032 EL PILA
Slide 20: Investment Program to Significantly Increase Production
Investment Program to Significantly Increase P R E S E N T A T I O N Production 2024-2034 CAPEX PROGRAM OVERVIEW 2024-2034 COPPER PRODUCTION FORECAST C O M P A N Y (‘000 MT CU) 20
Slide 21: SCC's Major Strengths
SCC’s Major SCC IS THE PREMIER COPPER PLAY P R E S E N T A T I O N ▪ World class assets in investment grade countries. Strengths ▪ #1 in reserves of any listed company with various organic growth prospects. • Copper production heading towards 1.7M Tons by 2033. ▪ Investments focused on cost competit
Slide 22: Exhibit 1 - Production Profile
Exhibit 1 - Production Profile Production Units 2024 2025E 2026E (*) 2027E (*) 2028E (*) 2029E (*) 2030E (*) Copper (kmt) 973.9 958.8 911.4 900.9 1,030.9 1,084.3 1,010.0 Mexico 559.7 547.9 538.4 519.8 572.2 578.9 529.9 Buenavista 423.4 418.1 412.2 372.8 366.4 370.9 342.4 Caridad 83.3 87.3 84.2 75.1
Slide 23: Exhibit 2 - Capex Profile
Exhibit 2 - Capex Profile Capex (US$ MM) 2024 2025E 2026E (*) 2027E (*) 2028E (*) 2029E (*) 2030E (*) SCC 966.9 1,384.2 2,210.5 1,788.3 2,415.7 2,824.2 3,570.0 Mexico 705.3 799.1 756.4 652.9 1,399.6 1,265.9 1,112.2 Maintenance 295.7 256.4 256.4 256.4 256.4 256.4 256.4 Buenavista 213.9 364.5 222.9 17
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