Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q4 2022 Earnings Presentation
15 slides from Hudbay Minerals's earnings presentation, Feb 24, 2023
Slide 1: Q4 2022 Results Presentation
Q4 2022 RESULTS PRESENTATION February 24, 2023
Slide 2: Cautionary Information
CAUTIONARY INFORMATION This presentation contains forward-looking information within the meaning of applicable Canadian and United States securities legislation. All information contained in this presentation, other than statements of current and historical fact, is forward-looking information. Ofte
Slide 3: 2022 In Review
2022 IN REVIEW A YEAR OF DEDICATION, DISCIPLINE AND DELIVERY AS WE ADVANCED SEVERAL GROWTH INITIATIVES MANITOBA PERU USA ✓ First full year of New Britannia operations ✓ First full year of production from ✓ Released a positive PEA at Copper World increased Snow Lake gold production by 46% Pampacancha
Slide 4: 2022 Consolidated Results
2022 CONSOLIDATED RESULTS ACHIEVED CONSOLIDATED PRODUCTION AND CASH COST GUIDANCE Q4 copper, gold, silver production increased KEY RESULTS SUMMARY compared to Q3 Q4 2022 Q3 2022 2022 2021 Consolidated production met 2022 guidance Production1 Production of copper and gold were on the lower Copper kt
Slide 5: Peru Operations Review
PERU OPERATIONS REVIEW STRONG Q4 OPERATING PERFORMANCE SUMMARY OF PERU OPERATING STATISTICS Mill continued to operate uninterrupted through Q4 2022 Q3 2022 2022 2021 nation-wide road blockades Constancia ore mined (million tonnes)1 5.6 6.3 25.8 29.7 Pampacancha ore mined (million tonnes)1 3.8 2.5 8.
Slide 6: Manitoba Operations Review
MANITOBA OPERATIONS REVIEW PRODUCTION AND CASH COST GUIDANCE ACHIEVED Gold, zinc and silver production decreased SUMMARY OF MANITOBA OPERATING STATISTICS during Q4 in line with the mine plan, while copper Q4 2022 Q3 2022 2022 2021 increased with higher realized grades Ore mined (kt) 369 347 2,001 2,
Slide 7: Growing Production Outlook
GROWING PRODUCTION OUTLOOK CONTINUING A PERIOD OF SIGNIFICANT COPPER AND GOLD PRODUCTION GROWTH Completed ~$250M brownfield investment program in early 2022 and delivering meaningful copper and gold production growth, which is expected to lead to higher cash flows and EBITDA growth +40% +145% Cu1 Au
Slide 8: 2023 Production Guidance
2023 PRODUCTION GUIDANCE 10% INCREASE IN COPPER PRODUCTION AND 30% INCREASE IN GOLD PRODUCTION 2023 PRODUCTION GUIDANCE SUMMARY 2023 consolidated copper production of 114,000i Contained metal in tonnes and gold production of 285,500i ounces, an Concentrate and Doré1 2023 Guidance 2022 Actuals increa
Slide 9: 2023 Cost Guidance
2023 COST GUIDANCE $65 MILLION LOWER DISCRETIONARY SPENDING YEAR-OVER-YEAR CAPITAL EXPENDITURES1 ($M) EXPLORATION EXPENDITURES5 ($M) Sustaining capital 2023 Guidance2 2022 Actuals 2023 Guidance 2022 Actuals Peru 15 25 Peru3 160 102 Manitoba 15 14 Manitoba4 75 125 Arizona and other 0 38 Total sustain
Slide 10: De-Risking Copper World
DE-RISKING COPPER WORLD PREFEASBILITY STUDY ON TRACK FOR Q2 2023 Phase I pre-feasibility studies and expenditures for Copper World now complete Results being analyzed as part of concentrate leach trade offs to be published in PFS in Q2 2023 State level permitting is well underway Aquifer Protection
Slide 11: Key 2023 Exploration Initiatives – Constancia Satellites & Lalor Deep
KEY 2023 EXPLORATION INITIATIVES – CONSTANCIA SATELLITES & LALOR DEEP CABALLITO & MARIA REYNA LALOR DEEP TARGETS Caballito – Skarn and Porphyry 5 drills rigs are presently testing the down-dip gold and copper CABALLITO Mineralization extensions of the Lalor deposit and potential offset to the NW Loc
Slide 12: Environment, Social and Governance
ENVIRONMENT, SOCIAL AND GOVERNANCE WE RECOGNIZE THE TREMENDOUS OPPORTUNITY THAT WE HAVE TO POSITIVELY CONTRIBUTE LOCALLY AND GLOBALLY TO A MORE SUSTAINABLE WORLD LEADING EMISSIONS RANKING Committed to further improve on our low-carbon footprint t CO2e/t Rank ↓50% Net Zero Boliden CuEq 0.9 1 lower ab
Slide 13: Hudbay Copper Growth Pipeline
HUDBAY COPPER GROWTH PIPELINE LEADING FREE CASH FLOW GROWTH AND SIGNIFICANT COPPER RESOURCE OPTIONALITY Meaningful near-term free cash flow growth with high quality organic pipeline offering significant long-term growth LEADING NEAR-TERM FREE CASH FLOW YIELDS SIGNIFICANT GROWTH IN COPPER RESOURCES P
Slide 14: Diversified Mid-Tier Copper Producer
DIVERSIFIED MID-TIER COPPER PRODUCER FOCUSED ON NEAR-TERM CASH FLOW GENERATION AND ADVANCING LEADING GROWTH PIPELINE REVENUE AND RESOURCES BY METAL 2023 KEY OBJECTIVES DELIVER copper and gold production growth with low cash costs driven by efficient operations Revenue1 Resources2 POSITION Hudbay to
Slide 15: For more information contact
For more information contact: Candace Brûlé Vice President, Investor Relations 416.814.4387 | candace.brule@hudbay.com