Compania De Minas Buenaventura Saa · BVL:BUENAVC1
Compania De Minas Buenaventura Saa — Compañía de Minas Buenaventura — Q1 2020 Earnings Presentation
25 slides from Compania De Minas Buenaventura Saa's earnings presentation, May 7, 2020
Slide 1: First Quarter 2020 Results Conference Call
First 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: 1Q20 Highlights
NYSE: BVN 1Q20 Highlights 1Q20 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). Due to the outbreak of COVID-19 in 1. Peru and the related restrictions imposed,
Slide 4: COVID-19 - Buenaventura
NYSE: BVN COVID-19 - Buenaventura o Quarantine period was implemented starting on March 16, 2020 for an initial 15- day period, which was subsequently extended. o As of today, Peru’s government mandated quarantine is expected to end on May 24, 2020. o During quarantine period: o Production on direct
Slide 5: Post COVID-19 - Buenaventura
NYSE: BVN Post COVID-19 - Buenaventura o Strong cash position of US$ 222 M as of March 2020 and approximately a monthly fixed cost of care and maintenance between US$ 12 – 14 M. o April 2020: Buenaventura concluded the refinancing of its syndicated loan o Maturity has been set for a new five-year te
Slide 6: COVID-19 - Buenaventura guidance suspension
NYSE: BVN COVID 19 - Buenaventura o The company made decision on March 30, 2020 to suspend the guidance for full year 2020. o As of today, it is not possible to quantify said impact, making it difficult to estimate results for the full year. o However, the Company continues to enhance its current mi
Slide 7: BVN Covid-19 Plan: Mobilizing staff safely
NYSE: BVN BVN Covid-19 Plan: Mobilizing staff safely 7
Slide 8: BVN Covid-19 Plan: Internal control and prevention
NYSE: BVN BVN Covid-19 Plan: Internal control and prevention 8
Slide 9: Strategic Roadmap – 1Q20
NYSE: BVN Strategic Roadmap – 1Q20 Drivers FINANCIAL RESULTS (1) Tambomayo Gold AISC Orcopampa Coimolache 1Q20: US$/Au Oz 2,052 La Zanja 1Q19: US$/Au Oz 1,382 Yanacocha Silver OPERATIONS EBITDA (Direct Operations) 2 Safety Uchucchacua 1Q20: US$ -6.8M Julcani Human Resources 1Q19: US$ 28.4 M Social B
Slide 10: 1Q20 Monthly Production
NYSE: BVN 1Q20 Monthly Production Precious Metals Base Metals Lead (MT) January February March 1Q20 Gold (Oz.) January February March 1Q20 El Brocal 1,535 2,579 1,346 5,460 Orcopampa 3,992 4,129 40 8,160 Uchucchacua 1,044 814 414 2,273 Tambomayo 5,111 7,067 2,371 14,549 Tambomayo 543 443 208 1,194 L
Slide 11: Total Revenues Waterfall
NYSE: BVN Total Revenues Waterfall 11
Slide 12: Financial Highlights 1Q20
NYSE: BVN Financial Highlights 1Q20 Total Revenues EBITDA Direct Operations EBITDA Including Associates In US$ millions In US$ millions In US$ millions 186.1 -38% 28.4 114.5 -82% 167.6 30.6 1Q19 1Q20 1Q19 1Q20 1Q20 1Q19 1Q20 -6.8 Net Income CAPEX (1) Free Cash Flow In US$ millions In US$ millions In
Slide 13: Strategic Roadmap – 1Q20
NYSE: BVN Strategic Roadmap – 1Q20 Drivers FINANCIAL RESULTS (1) Tambomayo Gold AISC Orcopampa Coimolache 1Q20: US$/Au Oz 2,052 La Zanja 1Q19: US$/Au Oz 1,382 Yanacocha Silver OPERATIONS EBITDA (Direct Operations) 2 Safety Uchucchacua 1Q20: US$ -6.8M Julcani Human Resources 1Q19: US$ 28.4 M Social B
Slide 14: Attributable Production
NYSE: BVN Attributable Production (1) Gold Production Silver Production In 000 AuOz In M AgOz -21% 113 89 63 4.0 -5% -16% 3.8 53 50 -28% 36 1Q19 1Q20 1Q19 1Q20 BVN Direct Operations Yanacocha Notes: (1) Includes 100% of Tambomayo, Orcopampa, Uchucchacua, Julcani; 61.43% of El Brocal; 53.06% of La Za
Slide 15: Attributable Production
NYSE: BVN Attributable Production (1) Zinc Production Lead Production In 000 ZnMT In 000 PbMT 12.8 12.9 -15% 8.2 7.0 1Q19 1Q20 1Q19 1Q20 Copper Production In 000 CuMT -17% 28.7 23.7 -22% 23.2 18.1 3% 5.5 5.6 1Q19 1Q20 BVN Direct Operations Cerro Verde Notes: (1) Includes 100% of Tambomayo, Orcopampa
Slide 16: 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$/AuOz 2,052 1Q19 1Q20 +48% Gold +44% (US$/Oz) 1,049 1,510 1,382 Silver +38% (US$/Oz) 12.01 16.56 Lead +6% (US$/MT) 1,328 1,411 Copper -12% 5,889 5,193 (US$/MT) 1Q19 1Q20 Zinc -12% 2,171 1,914 (US$/MT) Notes: (1) Co
Slide 17: De-Bottlenecking Program 1Q20
NYSE: BVN De-Bottlenecking Program 1Q20 17
Slide 18: Strategic Roadmap – 1Q20
NYSE: BVN Strategic Roadmap – 1Q20 Drivers FINANCIAL RESULTS (1) Tambomayo Gold AISC Orcopampa Coimolache 1Q20: US$/Au Oz 2,052 La Zanja 1Q19: US$/Au Oz 1,382 Yanacocha Silver OPERATIONS EBITDA (Direct Operations) 2 Safety Uchucchacua 1Q20: US$ -6.8M Julcani Human Resources 1Q19: US$ 28.4 M Social B
Slide 19: 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 (3) 8 Coimolache Sulfides (7
Slide 20: 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 and construction permit documentation by Ausenco in progress. • “Prior Consultation” process possibly affe
Slide 21: Greenfield Projects - Trapiche (Cu)
NYSE: BVN Greenfield Projects - Trapiche (Cu) 3D Plant View 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 submission, social relations and public assembly delayed due
Slide 22: Greenfield Projects - Rio Seco (Cu As)
NYSE: BVN Greenfield Projects - Rio Seco (Cu As) Location Map Project Maturity Río Seco Highlights • Early Hatch audit with positive results received. • Piloting delayed to 2021 due to COVID-19 restrictions. • Feasibility study to be concluded by the end of the year. • EIA is expected to be approved
Slide 23: 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 SAFETY S PFS FACILITIES PERMITS ENERGY LAND WATER INFRA Highlights • Stand alone business case. • Expect to reach Pre-Feasibility stage by 2021. • Preparing the EIA
Slide 24: Q&A
NYSE: BVN BuoenaventuRna 24 x ‘ 4 y V \ ae) Evan } a y a\ /\ ae lt | ais, a (he OD laf! or, PAN CTI weet a ee
Slide 25: First Quarter 2020 Results Conference Call
First Quarter 2020 Results Conference Call
Compañía de Minas Buenaventura — Q1 2020 Earnings Presentation on 6ix