Compania De Minas Buenaventura Saa · BVL:BUENAVC1
Compania De Minas Buenaventura Saa — Compañía de Minas Buenaventura — Q2 2020 Earnings Presentation
24 slides from Compania De Minas Buenaventura Saa's earnings presentation, Jul 30, 2020
Slide 1: Second Quarter 2020 Results Conference Call
Second 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: 2Q20 Highlights
NYSE: BVN 2Q20 Highlights 2Q20 results were adversely impacted by the State of Emergency and related mandated lockdown instituted by the Peruvian Government in order to contain the spread of the Coronavirus (COVID-19). As part of the Buenaventura´s two-phased plan, on May 16, 2020 Tambomayo, Uchucch
Slide 4: Strategic Roadmap – 6M20
NYSE: BVN Strategic Roadmap – 6M20 Drivers FINANCIAL RESULTS (1) Tambomayo Gold AISC Orcopampa Coimolache 6M20: US$/Au Oz 1,815 La Zanja 6M19: US$/Au Oz 1,033 Yanacocha Silver OPERATIONS EBITDA (Direct Operations) 2 Safety Uchucchacua 6M20: US$ 19.7M Julcani Human Resources 6M19: US$ 74.8 M Social B
Slide 5: 6M20 Monthly Production
NYSE: BVN 6M20 Monthly Production Phase 1 Jan Feb Mar 1Q20 Apr May Jun 2Q20 6M20 Uchucchacua Ag [Oz] 773,878 767,022 415,563 1,956,463 - 451,825 527,183 979,008 2,935,471 Pb [MT] 1,044 814 414 2,273 - 245 508 753 3,026 Zn [MT] 1,179 861 320 2,360 - 107 355 462 2,822 Tambomayo Au [Oz] 5,111 7,067 2,3
Slide 6: 6M20 Monthly Production
NYSE: BVN 6M20 Monthly Production Phase 2 Jan Feb Mar 1Q20 Apr May Jun 2Q20 6M20 Julcani Ag [Oz] 217,316 219,535 113,700 550,552 249 - 135,928 136,177 686,729 Pb [MT] 54 59 36 149 - - 29 29 178 Orcopampa Au [Oz] 3,992 4,129 40 8,161 - - 7,612 7,612 15,773 La Zanja Au [Oz] 614 1,750 932 3,297 - 1,779
Slide 7: Financial Highlights 2Q20
NYSE: BVN Financial Highlights 2Q20 Total Revenues EBITDA Direct Operations EBITDA Including Associates In US$ millions In US$ millions In US$ millions 402.2 -47% 74.8 -74% 304.3 -62% -55% -44% 47.1 -37% 216.1 212.3 137.3 116.7 97.8 26.5 86.1 19.7 2Q19 2Q20 6M19 6M20 2Q19 2Q20 6M19 6M20 2Q19 2Q20 6M
Slide 8: Strategic Roadmap – 6M20
NYSE: BVN Strategic Roadmap – 6M20 Drivers FINANCIAL RESULTS (1) Tambomayo Gold AISC Orcopampa Coimolache 6M20: US$/Au Oz 1,815 La Zanja 6M19: US$/Au Oz 1,033 Yanacocha Silver OPERATIONS EBITDA (Direct Operations) 2 Safety Uchucchacua 6M20: US$ 19.7M Julcani Human Resources 6M19: US$ 74.8 M Social B
Slide 9: Attributable Production
NYSE: BVN Attributable Production (1) Gold Production Silver Production In 000 AuOz In M AgOz 9.5 228.2 -34% -39% 123.7 151.2 5.8 -46% 5.5 115.2 -64% 82.8 60.7 62.0 2.0 29.6 104.4 54.5 68.4 32.4 2Q19 2Q20 6M19 6M20 2Q19 2Q20 6M19 6M20 BVN Direct Operations Yanacocha Total Notes: (1) Includes 100% of
Slide 10: Attributable Production
NYSE: BVN Attributable Production (1) Zinc Production Lead Production In 000 ZnMT 28.9 In 000 PbMT -42% 21.3 -42% 16.1 16.9 13.0 -75% -75% 10.3 4.0 3.3 2Q19 2Q20 6M19 6M20 2Q19 2Q20 6M19 6M20 Copper Production In 000 CuMT 55.8 -26% 41.4 -35% 27.2 44.4 17.7 33.8 21.2 15.8 6.0 11.5 7.5 1.9 2Q19 2Q20 6
Slide 11: 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$/AuOz 6M19 6M20 +76% 1,815 Gold +14% (US$/Oz) 983 1,124 Silver +40% (US$/Oz) 11.04 15.43 1,033 Lead +8% (US$/MT) 1,196 1,289 Copper -7% 5,680 5,262 (US$/MT) 6M19 6M20 Zinc -20% 2,197 1,764 (US$/MT) Notes: (1) Consi
Slide 12: De-Bottlenecking Program 2Q20
NYSE: BVN De-Bottlenecking Program 2Q20 12
Slide 13: Strategic Roadmap – 6M20
NYSE: BVN Strategic Roadmap – 6M20 Drivers FINANCIAL RESULTS (1) Tambomayo Gold AISC Orcopampa Coimolache 6M20: US$/Au Oz 1,815 La Zanja 6M19: US$/Au Oz 1,033 Yanacocha Silver OPERATIONS EBITDA (Direct Operations) 2 Safety Uchucchacua 6M20: US$ 19.7M Julcani Human Resources 6M19: US$ 74.8 M Social B
Slide 14: 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 15: Greenfield Projects – San Gabriel (Au)
NYSE: BVN Greenfield Projects – San Gabriel (Au) Feasibility - Optimized Plant Layout Project Maturity GEOLOGY SOCIAL MINE WORKFORCE PLANT PF SAFETY FACILITIES PERMITS ENERGY LAND WATER INFRA Highlights • Reported ore reserves of 11.6 MT @4.68 g/t (1.7 M Oz Au). • Processing plant design finished. •
Slide 16: 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). • On-site column testing and power line right-off-pass activities will continue this year. • EIA expected to be approved by the end of 2021. Technical Assumptions
Slide 17: Greenfield Projects - Rio Seco (Cu As)
NYSE: BVN Greenfield Projects - Rio Seco (Cu As) Location Map Project Maturity PLANT SOCIAL FACILITIES Río Seco D WORKFORCE FS ENERGY PFS S SAFETY WATER PERMITS INFRA LAND Highlights • Early Hatch audit with positive results received. • Feasibility study to be concluded by the end of the year. • EIA
Slide 18: 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 SAFETY FACILITIES PERMITS ENERGY LAND WATER Highlights INFRA • Stand alone business case. • Expect to reach Pre-Feasibility stage by 2021. • Preparing the EIA process ini
Slide 19: Q&A
NYSE: BVN BuoenaventuRna 19 x ‘ 4 y V \ ae) Evan } a y a\ /\ ae lt | ais, a (he OD laf! or, PAN CTI weet a ee
Slide 20: Appendix
NYSE: BVN BuoenaventuRna 20 c s < oT 2. 2. <x
Slide 21: Tambomayo – Exploration Program
NYSE: BVN Tambomayo – Exploration Program Paola deepening 21
Slide 22: Orcopampa – Exploration Program
NYSE: BVN Orcopampa – Exploration Program Level 3690 Objective 1: Measured + Indicated resources: 71.5 kt @ 10.2 g/t Au = 23.5K ozAu Objective 2: Inferred + Potential resources: 170.2 kt @11.7 g/t Au = 64.1k ozAu Objective 3: New Exploration area (Fátima-Pucara) Metrics: DDH 24,956m, Tunneling:
Slide 23: Uchucchacua – Exploration Program
NYSE: BVN Uchucchacua – Exploration Program 23
Slide 24: Second Quarter 2020 Results Conference Call
Second Quarter 2020 Results Conference Call
Compañía de Minas Buenaventura — Q2 2020 Earnings Presentation on 6ix