Toho Zinc Co., Ltd. · TSE:5707

Toho Zinc — Q3 FY2018 Earnings Presentation

27 slides from Toho Zinc's earnings presentation, Feb 12, 2019

1. Slide 1: Toho Zinc Co., Ltd.

   rr TOHO ZINC CO., LTD. 1

2. Slide 2: TOHO ZINC CO., LTD.

   TOHO ZINC CO., LTD.

3. Slide 3: (1)

   (1) TOHO ZINC CO., LTD.

4. Slide 4: Metal price trend (US$)

   3,800 (US$) 3,600 (US$) 3,400 ( ) 3,200 3,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 2017/1 2017/3 2017/4 2017/6 2017/7 2017/9 2017/10 2017/12 2018/1 2018/3 2018/4 2018/6 2018/7 2018/9 2018/10 2018/12 4

5. Slide 5: TOHO ZINC CO., LTD. 5

   TOHO ZINC CO., LTD. 5

6. Slide 6: TOHO ZINC CO., LTD. 6

   TOHO ZINC CO., LTD. 6

7. Slide 7: STRESS KS

   A23 A37 STRESS KS #<& HiKtd o2 Oe HKEHE > aR LOS REVOL SS RKOE aa A i i SO DOAK UK HK fee CK TOHO ZINC CO., LTD.

8. Slide 8: TOHO ZINC CO., LTD. 8

   TOHO ZINC CO., LTD. 8

9. Slide 9: TOHO ZINC CO., LTD. 9

   TOHO ZINC CO., LTD. 9

10. Slide 10: weer © Ye

    weer © Ye LL TOHO ZINC CO., LTD. 10

11. Slide 11: -10 -20 -30 -40 -50 -60 -70 70 -80 11

    80 70 65 60 50 43 40 30 20 10 0 -10 -20 12 -30 22 -40 32 -50 -60 -70 70 -80 11

12. Slide 12: TOHO ZINC CO., LTD. 12

    TOHO ZINC CO., LTD. 12

13. Slide 13: TOHO ZINC CO., LTD. 13

    TOHO ZINC CO., LTD. 13

14. Slide 14: TOHO ZINC CO., LTD. 14

    TOHO ZINC CO., LTD. 14

15. Slide 15: TOHO ZINC CO., LTD. 15

    TOHO ZINC CO., LTD. 15

16. Slide 16: TOHO ZINC CO., LTD. 16

    TOHO ZINC CO., LTD. 16

17. Slide 17: TOHO ZINC CO., LTD. 17

    TOHO ZINC CO., LTD. 17

18. Slide 18: TOHO ZINC CO., LTD. 18

    TOHO ZINC CO., LTD. 18

19. Slide 19: Endeavor mine

    2019 TOHO ZINC CO., LTD. 2020 {Endeavor mine _| Wy. Cl, aT 19

20. Slide 20: Main Lode

    2019 2020 (Main Lode 2019 720 64 24 2020 720 83 A B 20

21. Slide 21: Q3 Q4 Q4

    *1 Q3 CBH 2018 9 Q3 2018 12 2018 9 *2 Q4 CBH 2018 12 2018 10 2018 12 Q4 21

22. Slide 22: 2019

    2019 TOHO ZINC CO., LTD. 22

23. Slide 23: TOHO ZINC CO., LTD.

    TOHO ZINC CO., LTD. 23

24. Slide 24: Abra Mining Pty Limited

    (1) Abra (2) AMPL Abra Mining Pty Limited 154 90 64 90.0 2019/1/30 154 25.6 64 40% 16.4 41 40% 132.0 (3) 2018 2019 0.9 1.2 24

25. Slide 25: Galena Mining

    (4) Galena Mining (5) * | N ay N XN N N N | . N N \ aaa ae Seen Senna N a { . ee -------_ eee % t \ | + TOHO ZINC CO., LTD. 25

26. Slide 26: 2019 2019

    2019 2 8 70 125 2019 1 30 TOHO ZINC CO., LTD. 26

27. Slide 27: ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥

    ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ TOHO ZINC CO., LTD. 27

Toho Zinc — Q3 FY2018 Earnings Presentation on 6ix