Pampa Camarones Spa Class B · BCS:CAMARONEX
Pampa Camarones Spa Class B — Q1 2025 Earnings Presentation
22 slides from Pampa Camarones Spa Class B's earnings presentation, Apr 17, 2025
Slide 1: Pampa Camarones SpA Quarterly presentation
Quarterly presentation Pampa Camarones SpA Santiago, April 17, 2025 Strictly private and confidential
Slide 2: Speaker
Quarterly presentation Speaker Rodrigo Ramírez CEO Pampa Camarones ▪ Mr. Ramírez holds a degree in Mining Engineer from Universidad de Chile, and an MBA from Universidad Católica del Norte ▪ +30 years of experience leading teams of strategic planning and operations of mid- size mines ▪ His previous
Slide 3: Disclaimer
Quarterly presentation Disclaimer ◼ This presentation contains forward-looking information. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Often, but not always, forward-looking information can be identified by th
Slide 4: Corporate Structure (As of March 31, 2025)
Quarterly presentation Corporate Structure (As of March 31, 2025) Minería Activa Funds Minority Shareholders* 90.3% 9.7% Pampa Camarones SpA High-grade polymetallic project Copper operation Pampa Camarones Ciclón Exploradora Cu Cu Zn Pb Ag Au Strictly private and confidential 4 *Minority Shareholder
Slide 5: Corporate Structure (BCS:CAMARONEX)
Quarterly presentation Corporate Structure (BCS:CAMARONEX) Share Price Performance on Santiago Stock Exchange (US$/share) Shareholder Breakdown as of March 31st 2025 53 0,61% 51 1,17% 49 7,88% 47 45 43 41 90,34% 39 37 35 feb-24 feb-25 jun-24 dic-23 ene-24 mar-24 abr-24 jul-24 ago-24 sept-24 dic-24 e
Slide 6: First Quarter 2025 Highlights
Quarterly presentation First Quarter 2025 Highlights ◼ Capital increase was successfully placed, raising US$8.1 millions Financing ◼ Use of funds: Opening of Chacota Mine, mining equipment and working capital ◼ Chacota Mine opening started late march. Expected to be producing 15.000 tpm in January 2
Slide 7: Capital Increase Successfully Placed
Pampa Camarones SpA Capital Increase Successfully Placed Issuer Total placement 325.359 shares/ US$ 25 per share – Pre-Money: US$ 43.5mm / ~US$ 8.1mm Issuance type 100% primary Chacota Mine developments, mine equipment purchases and working capital for the Pampa Use of Funds Camarones Arica operatio
Slide 8: Pampa Camarones: First Quarter 2025 Operational Update
Quarterly presentation Pampa Camarones: First Quarter 2025 Operational Update Pampa Camarones 1Q-25 at a glance Cathode production (000 Tons) Production 2Q 24 3Q 24 4Q 24 1Q 25 ◼ Copper Cathode production reached 869 ton (-10,0% q/q), due to lower third-party ore and cost reductions. Improvement is
Slide 9: Pampa Camarones: Chacota Sur opening
Quarterly presentation Pampa Camarones: Chacota Sur opening Chacota Mine Plan Chacota’s opening is one of the key elements to reach production over 500 tons/month Chacota Sur Overview ◼ Investment of US$6 MM (2025-2026) to fully develop the Chacota Mine Acceso Norte ◼ Developments began late march,
Slide 10: Pampa Camarones: Chacota Sur opening
Quarterly presentation Pampa Camarones: Chacota Sur opening Strictly private and confidential 10
Slide 11: Pampa Camarones: Chacota Sur opening
Quarterly presentation Pampa Camarones: Chacota Sur opening Strictly private and confidential 11
Slide 12: Pampa Camarones: Third-party Subleased Mining Property
Quarterly Presentation Pampa Camarones: Third-party Subleased Mining Property District Overview Providing high-potential mining properties to small-scale miners Sole: 6+ high-grade narrow veins systems Lorenzo: High grade vein with “Salamanqueja like” potential Punta Madrid: Undrilled high grade cop
Slide 13: Pampa Camarones: Third-party Subleased Mining Property
Quarterly Presentation Pampa Camarones: Third-party Subleased Mining Property HMC Blastings Strictly private and confidential 13
Slide 14: Consolidated financials and 2025 financial plan
Quarterly presentation Consolidated financials and 2025 financial plan Net revenues (US$ mn) Adjusted EBITDA (US$ mn, %) Revenues FY (25E) Revenues 1Q EBITDA FY (25E) EBITDA 1Q EBITDA Margin 53,1 41,5 41,4 43,1 36,4% 19,3 14,8% 6,1 0,1% 0,0% 0,0 0,0 12,5 11,6 10,9 3 3 8,1 0 -1,1 2022 2023 2024 2025
Slide 15: 2026-2028 Plan
Quarterly presentation 2026-2028 Plan Mineral Procesado 650 kt @1,66% CuT 560 kt @1,3% propias + 90 kt @2,3% third-party ore Cathode production Revenues US$ 60mm 6.900 ton @4,0/lb Costs US$ (41mm) (480 ton de ripios) EBITDA US$ 19mm Cash cost Capex US$ (7mm) US$2,7 /lb Cash Flow before US$ 12mm fina
Slide 16: Corporate Structure (As of March 31, 2025)
Quarterly presentation Corporate Structure (As of March 31, 2025) Minería Activa Funds Minority Shareholders* 90.3% 9.7% Pampa Camarones SpA High-grade polymetallic project Copper operation Pampa Camarones Ciclón Exploradora Cu Cu Zn Pb Ag Au Strictly private and confidential 16 *Minority Shareholde
Slide 17: Ciclón Exploradora EIA: Gantt Chart
Quarterly presentation Ciclón Exploradora EIA: Gantt Chart 2023 2024E 2025E Month: Oct Nov Dec Jan Feb Mar Apr May Jul Jun Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Admission for processing Admission Institutional review Phase 1 Q&A Answering process Phase 2 Q&A Approval RCA Work Plan
Slide 18: Ciclón Exploradora EIA: Addendum Main Topics Progress
Quarterly presentation Ciclón Exploradora EIA: Addendum Main Topics Progress ◼ Main team: INERCO Consul ◼ Topic specific: GAC (Environmental-Sectoral permits), ICASS tants (Hydraulic Consultant), Newcastle (Sewage Engineering), Ingemax (Sanitary Landfill) ◼ Permit for the relocation of affected low-
Slide 19: Ciclón Exploradora: Sectoral Permit Processing
Quarterly presentation Ciclón Exploradora: Sectoral Permit Processing ◼ Sectoral Permits Advisor: GAC ◼ Sectoral Permits Masterplan: Expecting to be completed during April ◼ Permits matrix: ID, level of importance, expected timeline and Authority ◼ Permits chronogram: Organizes processing and timeli
Slide 20: CIEX Sale Process
Quarterly presentation CIEX Sale Process Appointed Leading Canadian Financial Advisor to Start CIEX Sale Process ◼ Advisor has been selected ◼ Lead independent investment bank in the mining sector ◼ Special expertise in M&A, restructuring and strategic financing ◼ Team has executed transactions with
Slide 21: Reporting Schedule and Topics
Quarterly presentation Reporting Schedule and Topics Timeline Key dates 2025E 2026E ◼ 1Q25 preliminary ◼ 3Q25 preliminary results results release and ◼ 2024 FS and ScaleX release and presentation (LV) presentation business report 04/17 04/30 10/17 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Slide 22: Pampa Camarones SpA Q&A
Quarterly presentation Pampa Camarones SpA Santiago, October 2024 Q&A Strictly private and confidential