Southern Copper Corporation · NYSE:SCCO
Southern Copper — Investor Presentation (March 2026)
22 slides from Southern Copper's investor presentation, March 2026
Slide 1: Company Presentation
March 2026 COMPANY PRESENTATION
Slide 2: Safe Harbor Statement
Safe Harbor Statement P R E S E N T A T I O N The material in this presentation contains certain statements that are neither reported financial results nor other historical information. These C O M P A N Y estimates are forward-looking statements within the meaning of the safe- harbor provisions of
Slide 3: Contents
Contents P R E S E N T A T I O N 01 C O M P A N Y Introduction 02 p. 04 Overview of Operations p. 09 03 Financial Overview p. 15 3
Slide 4: Introduction
Introduction Corporate Structure Copper Fundamentals SCC’s Strengths ESG 4
Slide 5: Corporate Structure
Corporate P R E S E N T A T I O N Structure C O M P A N Y 100.0% (*) 88.9% (*) Public Float 11.1% (*) 99.29 % 99.96 % Southern Perú Minera México 37% of EBITDA (*) 63% of EBITDA (*) (*) As of December 31, 2025 5
Slide 6: Copper – The best Fundamental Story in Commodities
Copper – The best Fundamental Story in Commodities P R E S E N T A T I O N COPPER MARKET SOLID FUNDAMENTALS 2025 COPPER CONSUMPTION BY REGION • Expecting market deficit of 350K for 2026. Inventories at 15 days of consumption. C O M P A N Y • Demand: China economic measures, resilient US economy, new
Slide 7: Strong Fundamentals, Underpinned by Energy Transition Trends
Strong Fundamentals, Underpinned by Energy Transition Trends P R E S E N T A T I O N With Rising Demand and Potentially Constrained Supply Growth, Copper is One of the Most Critical Minerals for the Energy Transition Trend Copper Intensities by Fuel Type(1) Global Copper Production and Primary Deman
Slide 8: Southern Copper Strengths
Southern Copper P R E S E N T A T I O N • Highest copper reserves of any listed company. Strengths • Excellent organic growth projects. C O M P A N Y • Low cost, integrated operations. • Experienced management team. • Strong financial performance / investment grade since 2005. • Outstanding dividend
Slide 9: ESG at the Core of our Strategy
ESG at the Core of our Strategy P R E S E N T A T I O N ESG RECOGNITIONS Buenavista del Cobre mine received C O M P A N Y ✓ accreditation from The Copper Mark for compliance with the Global Industry Standard on Tailings Management set forth by the International Council on Mining and Metals (ICMM). ✓
Slide 10: Overview of Operations
Overview of Company Overview Copper Reserves Operations Geographic Footprint & Product Diversification Low Cost Operations Copper Production Cash Cost 10
Slide 11: Company Overview
Company Overview P R E S E N T A T I O N Mexico – 57% Buenavista – 415 kt 51.1 mmt COPPER El Pilar Santa Eulalia C O M P A N Y RESERVES ¹ La Caridad – 120 kt El Arco Santa Barbara 65.6 mmt COPPER IMMSA– 10 kt San Martin RESOURCES 2 Charcas San Luis Potosi CASH COST 2025: Taxco $0.58/ lb Peru – 43% 2
Slide 12: Largest Copper Reserves of any Listed Company
Largest Copper Reserves of any Listed P R E S E N T A T I O N Company SCC HIGHLIGHTS C O M P A N Y • #1 mine life among copper producers COPPER RESERVES AS REPORTED • #5 world’s largest producer of mined copper • Diversified geographical presence 60 • Four large-scale open-pit mines 51.1 Copper Rese
Slide 13: Geographic Footprint & Product Diversification
Geographic Footprint & P R E S E N T A T I O N Product Diversification 2025 REVENUE BY PRODUCT 2025 REVENUE BY MARKET C O M P A N Y PERU SULPHURIC ACID 2% OTHER 2% 7% EUROPE SILVER 4% 8% ZINC 5% OTHER MEXICO AMERICA MOLYBDENUM 32% 9% 11% UNITED STATES 12% COPPER 76% ASIA 32% 13
Slide 14: Cost Operations
Cost Operations P R E S E N T A T I O N CASH COST PER POUND OF COPPER PRODUCED LOW-COST DRIVERS 1.1 NET OF BY-PRODUCTS • Integrated and highly competitive cost operations. 1.03 • World class assets. C O M P A N Y 0.87 0.88 0.89 • Significant SX-EW production. 0.9 • Strong by-product credits. (US$/lb
Slide 15: Copper Mine Composite Cost Curve
Copper Mine Composite Cost Curve P R E S E N T A T I O N 2025 Copper Mine, Composite, C1 + SUST CAPEX Grouped by Company and Ranked by C1 + SUST CAPEX Asarco First Quantum C O M P A N Y 600 C1 + Sust Capex Minerals Antofagasta Cerro KGHM plc Verde Polska Miedz Glencore Codelco 400 Anglo American plc
Slide 16: Financial Overview
Financial Overview Financial Highlights Solid Financial Performance Investment Program SCC’s Major Strengths 16
Slide 17: Financial Highlights
Financial Highlights (US$ MM) 2022 2023 2024 2025 2026E P R E S E N T A T I O N Copper Price (LME) US$ per pound 4.00 3.85 4.15 4.51 5.00 Income Statement: Net Revenues $10,048 $9,896 $11,433 $13,420 $12,776 C O M P A N Y EBITDA 5,365 5,029 6,406 7,822 7,490 EBITDA Margin 53% 51% 56% 58% 59% Net Inc
Slide 18: Solid Financial Performance
Solid financial P R E S E N T A T I O N performance 2025 Total Debt / EBITDA TOP TIER MARGINS AND CONSERVATIVE C O M P A N Y LEVERAGE FOR INCREASED FINANCIAL FLEXIBILITY SCC 0.9x BHP Billiton 1.0x 2025 EBITDA Margin Rio Tinto 1.1x Freeport 1.3x 59% Antofagasta 1.5x First Quantum 3.5x 59% Anglo Ameri
Slide 19: Investment Program to Significantly Increase Production
Investment Program to Significantly Increase P R E S E N T A T I O N Production TIA MARIA LOS CHANCAS MICHIQUILLAY ILO SMELTER C O M P A N Y PERU ▪ 120k tons Cu ▪ 130k tons Cu ▪ 225k tons Cu ▪ US $1.3 B ▪ US $1.8 B ▪ 7.5k tons Mo ▪ US $2.5 B ▪ US $2.6 B PROJECTS 2027 2029 2030 2031 2032 2033 EL PILA
Slide 20: Investment Program to Significantly Increase Production
Investment Program to Significantly Increase P R E S E N T A T I O N Production 2025-2035 CAPEX PROGRAM OVERVIEW 2025-2035 COPPER PRODUCTION FORECAST C O M P A N Y (‘000 MT CU) 3,800 3,621 1,800 1,574 1,606 1,600 1,552 3,200 +68% 1,476 Average 2,985 $1.9B 1,400 2,600 2,552 2,336 1,152 2,217 1,200 1,
Slide 21: SCC's Major Strengths
SCC’s Major SCC IS THE PREMIER COPPER PLAY P R E S E N T A T I O N ▪ World class assets in investment grade countries. Strengths ▪ #1 in reserves of any listed company with various organic growth prospects. • Copper production heading towards 1.6M Tons by 2035. ▪ Investments focused on cost competit
Slide 22: Exhibit 1 - Production and Capex Profile
Exhibit 1 - Production and Capex Profile P R E S E N T A T I O N P ro d uctio n Units 2025 2026E 2027E 2028E 2029E 2030E 2031E 2032E 2033E 2034E 2035E Copper (kmt) 956.3 911.4 910.0 970.3 1,060.6 1,005.6 1,152.2 1,475.8 1,574.4 1,551.5 1,605.9 Mexico 545.1 538.4 519.8 518.2 548.8 524.0 546.1 555.8 7