Molibdenos Y Metales S.a. · BCS:MOLYMET
Molibdenos Y Metales — Molymet — Q1 2024 Earnings Presentation
9 slides from Molibdenos Y Metales's earnings presentation, May 31, 2024
Slide 1: Results Presentation Q1 2024
RESULTS PRESENTATION Q1 2024 MAY 31, 2024
Slide 2: Main Results
M A I N R E S U L T S MAIN RESULTS Q1 2024 REVENUES EBITDA US$ 515 MM US$ 36 MM 2 0 2 4 (-26% YoY) (-42% YoY) Q 1 R E S U L T S NET INCOME NET DEBT US$ 19 MM US$ 203 MM (-45% YoY) (-30% QoQ)
Slide 3: Main Results
M A I N R E S U L T S MAIN RESULTS Q1 2024 Mo Own Sales Mo Tolling REVENUES US$ 490 MM 30 US$ 8 MM 40 35 US$ 515 MM 24 23 25 30 21 (-26% YoY | +1% QoQ) 20 25 20 15 33 670 11 2 0 2 4 15 30 483 490 10 9 8 10 6 6 6 Q 1 5 5 19 20 20 R E S U L T S 0 0 Q1 2023 Q4 2023 Q1 2024 Q1 2023 Q4 2023 Q1 2024 10 Vo
Slide 4: Main Results
M A I N R E S U L T S MAIN RESULTS Q1 2024 EBITDA Net Financial Expense NET INCOME US$ 1 MM US$ 36 MM (-91% YoY | -90% QoQ) US$ 19 MM (-42% YoY | +194% QoQ) (-45% YoY | +281% QoQ) 62 2 0 2 4 9 8 6 Q 1 9 1 R E S U L T S Q1 2023 Q4 2023 Q1 2024 36 Other operation 7 5 costs and expenses 35 47 US$ 19 MM
Slide 5: Evolution of the Price of Molybdenum
M O L Y B D E N U M P R I C E E V O L U T I O N EVOLUTION OF THE PRICE OF MOLYBDENUM Operating Cash Flow US$ 102 MM Average price (+124% YoY | -24% QoQ) Year (US$/Lb) Q1 2023 33 134 102 Q2 2023 21 Q3 2023 24 -424 2 0 2 4 Q4 2023 19 2023 24 Q 1 Q1 2023 Q4 2023 Q1 2024 Q1 2024 20 R E S U L T S 40 35 C
Slide 6: Debt Profile
D E B T P R O F I L E DEBT NET FINANCIAL DEBT PROFILE US$ 203 MM Molymet 21 Bond Prepayment (-73% YoY | -30% QoQ) The cash generation allowed the Company to fully prepay 4,0 Book Debt* (US$ MM). the Molymet 21 bond in March 2024. 3.8x Book cash** 3,5 (US$ MM). ▪ Reduction of debt for US$ 163 million
Slide 7: Covenants Follow Up
D E B T P R O F I L E COVENANTS FOLLOW UP Level of Indebtedness*. EBITDA / Net 0,5x 2 Financial Expense*. ≤1,75x 10 2,6x 1 2 0 2 4 8 0.6x 0.6x 0.5x 7.9x Q 1 0 Q1 2023 Q4 2023 Q1 2024 R E S U L T S 6 ≥5.0x *(Total liabilities - (Inventories - Molybdenum accounts payable)) / Equity. 4 Equity 2.7x 2.6x
Slide 8: Material Events
M A T E R I A L E V E N T S MATERIAL EVENTS 2024 January 10th The personnel affiliated to Molynor’s Trade Union No. 1 ended their legal strike, after having agreed the new terms of the collective contract agreement between the parties. As a result of the above, the workers returned to their normal d
Slide 9: CO motymet”
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