Compania De Minas Buenaventura Saa · BVL:BUENAVC1
Compania De Minas Buenaventura Saa — Compañía de Minas Buenaventura — Q3 2020 Earnings Presentation
17 slides from Compania De Minas Buenaventura Saa's earnings presentation, Oct 29, 2020
Slide 1: Third Quarter 2020 Results Conference Call
Third Quarter 2020 Results Conference Call
Slide 2: Cautionary Statement
NYSE: BVN Cautionary Statement This presentation and related conference call contain, in addition to historical information, forward-looking statements including statements related to the Company’s ability to manage its business and liquidity during and after the COVID-19 pandemic, the impact of the
Slide 3: 3Q20 Highlights
NYSE: BVN 3Q20 Highlights Third quarter 2020 EBITDA from direct operations reflected a positive trend on both a sequential and year on year basis, despite the effects of COVID-19 on Buenaventura’s operations during the quarter. EBITDA 1. from direct operations reached US$ 68.5 million for the 3Q20,
Slide 4: 9M20 Monthly Production and 2020 Guidance
NYSE: BVN 9M20 Monthly Production and 2020 Guidance Tambomayo 1Q 2Q July Aug Sept 3Q 9M20 2020E Au [Oz] 14,549 17,121 4,007 5,891 6,210 16,108 47,778 70k - 74k Ag [Oz] 385,532 410,010 86,292 154,874 154,746 395,913 1,191,454 1.5M - 1.7M Pb [MT] 1,194 1,190 408 509 555 1,472 3,856 5.6k - 5.8k Zn [MT]
Slide 5: 9M20 Monthly Production and 2020 Guidance
NYSE: BVN 9M20 Monthly Production and 2020 Guidance Julcani 1Q 2Q July Aug Sept 3Q 9M20 2020E Ag [Oz] 550,552 136,177 0 0 323,495 323,495 1,010,224 1.4M - 1.6M Pb [MT] 149 29 0 0 76 76 254 380 - 430 Uchucchacua 1Q 2Q July Aug Sept 3Q 9M20 2020E Ag [Oz] 1,956,463 979,008 0 200,149 590,164 790,313 3,7
Slide 6: Financial Highlights 3Q20
NYSE: BVN Financial Highlights 3Q20 Total Revenues EBITDA Direct Operations EBITDA Including Associates In US$ millions In US$ millions In US$ millions 632.4 -37% -20% 472.5 440.5 -1% 9% 298.5 230.2 228.2 183.9 -34% 168.2 17% 133.2 58.4 68.5 88.1 3Q19 3Q20 9M19 9M20 3Q19 3Q20 9M19 9M20 3Q19 3Q20 9M1
Slide 7: Attributable Production
NYSE: BVN Attributable Production (1) Gold Production Silver Production In 000 AuOz In M AgOz -34% -39% 349.6 14.5 186.0 232.8 -40% 8.8 -33% 117.6 5.0 121.5 81.6 62.3 163.6 3.0 34.9 115.1 59.2 46.7 3Q19 3Q20 9M19 9M20 3Q19 3Q20 9M19 9M20 BVN Direct Operations Yanacocha Notes: (1) Includes 100% of Ta
Slide 8: Attributable Production
NYSE: BVN Attributable Production (1) Zinc Production Lead Production In 000 ZnMT In 000 PbMT 42.0 -22% -42% 30.4 32.8 +22% 17.6 15.9 -20% 13.1 9.2 7.3 3Q19 3Q20 9M19 9M20 3Q19 3Q20 9M19 9M20 Copper Production In 000 CuMT -22% 84.6 66.4 65.2 -13% 28.7 53.2 25.0 20.9 19.3 19.3 13.2 7.9 5.7 3Q19 3Q20
Slide 9: All-in Sustaining Cost and Costs Applicable to Sales
NYSE: BVN All-in Sustaining Cost and Costs Applicable to Sales AISC (1) CAS (2) In US$/AuOz 9M19 9M20 Gold +3% 1,286 (US$/Oz) 1,000 1,035 +31% 984 Silver +50% (US$/Oz) 11.30 16.96 Lead -4% (US$/MT) 1,181 1,128 Copper -7% 5,400 5,019 (US$/MT) 9M19 9M20 Zinc -11% 2,005 1,789 (US$/MT) Notes: (1) Consid
Slide 10: De-Bottlenecking Program 3Q20
NYSE: BVN De-Bottlenecking Program 3Q20 10
Slide 11: Pipeline of Projects – Update
NYSE: BVN Pipeline of Projects – Update Our Projects Development Level Exploration Scoping Prefeasibility Feasibility Development Construction Startup BVN´s operations presence Chacua Yanacocha 10y (1) Sulfides (1) (5) Piura 9 El Faique Rio Seco (9) Cu – As Cajamarca 7 1 Coimolache (3) 8 Sulfides (7
Slide 12: Greenfield Projects – San Gabriel (Au)
NYSE: BVN Greenfield Projects – San Gabriel (Au) Feasibility - Optimized Plant Layout Project Maturity Highlights • Reported ore reserves of 11.6 MT @4.68 g/t (1.7 M Oz Au). • Feasibility study at a 76% progress, expected to be completed by the end of the year. • Construction permit submitted for ap
Slide 13: Greenfield Projects - Trapiche (Cu)
NYSE: BVN Greenfield Projects - Trapiche (Cu) Progress Project Maturity Highlights • Reported reserves of 283.2 MT @0.51% Cu (1.4 Mt Cu). • Pre-Feasibility study with M3 at 86%, expected to be completed by the end of the year. • On-site column testing activities delayed until 1Q21 due to COVID restr
Slide 14: Greenfield Projects - Rio Seco (Cu As)
NYSE: BVN Greenfield Projects - Rio Seco (Cu As) Location Map Project Maturity Río Seco Highlights • Feasibility study to be concluded by 1Q21. • EIA to be filed by the end of 2020. • Unlock value for the Cu portfolio. Technical Assumptions • Main source: Marcapunta Cu Concentrates • Ferric leach at
Slide 15: Greenfield Projects – Tantahuatay's Sulfides 20k (Cu)
NYSE: BVN Greenfield Projects – Tantahuatay’s Sulfides 20k (Cu) Long Section Project Maturity GEOLOGY SOCIAL MINE WORKFORCE PLANT D FS S SAFETY PFS FACILITIES PERMITS ENERGY LAND WATER INFRA Highlights • Stand alone business case. • Expect to reach Pre-Feasibility stage by 2021. • Preparing the EIA
Slide 16: Q&A
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Slide 17: Third Quarter 2020 Results Conference Call
Third Quarter 2020 Results Conference Call
Compañía de Minas Buenaventura — Q3 2020 Earnings Presentation on 6ix