Industrias Penoles Sab De Cv · BMV:PE_OLES
Industrias Penoles Sab De Cv — Q3 2022 Earnings Presentation
16 slides from Industrias Penoles Sab De Cv's earnings presentation, 2022
Slide 1: 3Q'22 Highlights: Evolving Toward a Sustainable Future
3Q’22 HIGHLIGHTS EVOLVING TOWARD A SUSTAINABLE FUTURE 1
Slide 2: Economic Environment and Metals Prices
ECONOMIC ENVIRONMENT AND METALS PRICES GOLD London SILVER Comex In 3Q2022, the tightening of monetary policies to contain inflation and USD/oz USD/oz poor economic growth outlook, among other factors, caused sharp declines in metal prices compared to 2Q22. With respect to 3Q21, silver led the declin
Slide 3: Economic Environment and Metals Prices
ECONOMIC ENVIRONMENT AND METALS PRICES METAL PRICES Gold Silver Lead Zinc Copper Period (US$/Oz) (US$/Oz) (UScts/lb) (UScts/lb) (UScts/lb) 1Q'21 1,797.80 26.29 91.65 124.63 384.58 2Q'21 1,816.49 26.78 96.48 132.26 440.47 3Q'21 1,789.44 24.28 106.18 135.68 425.09 YTD Avg. 2021 1,801.24 25.78 98.10 13
Slide 4: Mining Division
MINING DIVISION MINING BUSINESS Gold (-6.2%): mainly due to lower recovery at Herradura and the expected decrease in the volume of ore processed at this mining unit. Production1 3Q'22 3Q'21 % Var YTD 2022 YTD 2021 % Var Silver (+11.1%): due to the contribution of ore from Juanicipio, in Ore Milled (
Slide 5: Contribution by Mine – YTD
CONTRIBUTION BY MINE1 – YTD GOLD SILVER 518,519 Oz 51,491 kOz LEAD ZINC COPPER* 59,937 Ton 205, 622 Ton 10,546 Ton 5 Notes: 1/ Includes 100% of Fresnillo plc production, */Includes copper cathodes
Slide 6: Metallurgical and Chemicals Division
METALLURGICAL AND CHEMICALS DIVISION METALS BUSINESS CHEMICALS BUSINESS In the lead-silver circuit gold production decreased mainly due to the lower production at The quarterly volume of sodium sulfate was slightly higher. The availability of Herradura described above. Silver decreased slightly and
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS INCOME STATEMENT HIGHLIGHTS Financial results for 3Q22 were mostly affected by a decrease in sales, mainly due to the sharp decline in metal prices, as well as lower volumes (Million dollars) 3Q'22 3Q'21 % Chg YTD 2022 YTD 2021 % Chg sold of refined metals due to lower productio
Slide 8: Financial Highlights – Quarterly Net Income Analysis
FINANCIAL HIGHLIGHTS – QUARTERLY NET INCOME ANALYSIS Notes:.1/Net of Revenue from Treatment Charges, Income on inventories and other items.. 2/ Financial expenses include Exchange result 8
Slide 9: Financial Highlights – YTD Net Income Analysis
FINANCIAL HIGHLIGHTS – YTD NET INCOME ANALYSIS Notes: 1/ Net of Revenue from Treatment Charges, Income on inventories and other items. 2/ Financial expenses include Exchange result. 3/Other expenses include impairment losses. 9
Slide 10: Financial Highlights: Net Sales by Product and Market
FINANCIAL HIGHLIGHTS NET SALES BY PRODUCT NET SALES BY MARKET 3Q 2022 3Q 2021 US$1,272 mm US$1,431 mm YTD 2022 YTD 2021 US$4,149 mm US$4,554 mm Notes: 10
Slide 11: Financial Highlights: Sales Volumes
FINANCIAL HIGHLIGHTS GOLD (Oz) SALES VOLUMES Units 3Q'22 3Q'21 %Chng YTD 2022 YTD 2021 %Chng SILVER (koz) Gold Oz 244,436 263,871 -7.4 755,755 881,161 -14.2 Silver Koz 16,790 17,928 -6.3 52,865 54,803 -3.5 Lead Ton 27,076 29,802 -9.1 86,592 91,820 -5.7 Zinc Ton 49,209 71,984 -31.6 170,069 216,999 -2
Slide 12: Financial Highlights: Cost of Production Breakdown
FINANCIAL HIGHLIGHTS COST OF PRODUCTION BREAKDOWN US$ 779.0 mm US$ 696.8 mm US$ 2,199.8 mm US$ 2,056.7 mm Notes: 12
Slide 13: Financial Highlights – Balance Sheet
FINANCIAL HIGHLIGHTS – BALANCE SHEET BALANCE SHEET YTD 2022 2021 % Chg. Cash and cash equivalents 1,692.4 1,817.1 -6.9 Inventories 1,867.0 1,809.7 3.2 Trade and other current receivables 628.1 723.8 -13.2 Property, plant and equipment 4,745.2 4,707.3 0.8 Deferred taxes 499.9 281.0 77.9 Other current
Slide 14: Financial Highlights – Cash Flow
FINANCIAL HIGHLIGHTS – CASH FLOW CA SH FLO W YTD 2022 YTD 2021 % Chg . O perat ing act ivit ies Net Income 195.3 534.0 - 63 D&A Expenses 504.9 547.2 -8 Change in Working Capital -91.0 -265.6 66 Tax payments -208.3 -423.8 51 Other items 201.1 303.0 -34 Cash Flows from ( used in) O perat ing act ivit
Slide 15: Development Projects
DEVELOPMENT PROJECTS Project Juanicipio Location Zacatecas 11.7 moz of silver Description* 43.5 koz of gold 56% Fresnillo plc Ownership 44% MAG Silver Investment 440** (US$ Million) E Startup E 4Q 2022 Notes: */Expected annual production, on average. **/ Juanicipio started processing ore at Fresnill
Slide 16: Industrias Peñoles, S.A.B. de C.V.
INDUSTRIAS PEÑOLES, S.A.B. DE C.V. About Peñoles Peñoles, founded in 1887, is a mining group with integrated operations for the smelting and refining of non-ferrous metals and the manufacture of chemical products. Peñoles is one of the two largest global producers of refined silver; Latin America’s
Industrias Peñoles, S.A.B. de C.V. — Q3 2022 Earnings Presentation on 6ix