Grupo Mexico S.a.b. De C.v. Class B · BMV:GMEXICO/B
Grupo Mexico S.a.b. De C.v. Class B — Q4 2024 Earnings Presentation
26 slides from Grupo Mexico S.a.b. De C.v. Class B's earnings presentation, February 2025
Slide 1: 4Q24 Results
4Q24 Results FEBRUARY 2025
Slide 2: Disclaimer
4Q24 RESULTS DISCLAIMER Disclaimer Summary financial information This information is given in summary form and does not purport This presentation may contain forward looking statements This document includes summary financial information and to be complete. Information in this presentation, includin
Slide 3: Contents
01 02 03 04 05 Grupo México’s Mining Division Transportation Division Infrastructure Division Q&A Session Main Highlights Main Highlights Main Highlights Main Highlights 04p 10p 16p 21p 25p Contents 3
Slide 4: Main Highlights
4Q24 RESULTS MAIN HIGHLIGHTS 01 Main Highlights ESG Highlights Scorecard Financial Highlights Balance sheet Debt Maturity Profile 4
Slide 5: ESG Highlights
4Q24 RESULTS GRUPO MEXICO ESG Highlights Sustainability is a key pillar of Grupo Mexico’s business model. Sustainability The CSA by S&P Global ranked Grupo México among the 15 highest-rated Ratings companies out of a total of 148 in the Mining and Metals sector. With this achievement, Grupo México s
Slide 6: Scorecard 2024
4Q24 RESULTS GRUPO MEXICO US$16,170M 1.086M TONS OF CU IN 2024 US$1.14 /LB ACCUMULATED SALES ACCUMULATED NET CASH COST 12.6% vs 2023 A 5.5% recovery vs 2023 -9.6% vs 2023 12.8% vs 4Q23 A 0.8% increase vs 4Q23 A reduction of US$0.22 (-14.9%) vs 4Q23. Mainly due to higher copper and byproducts sales v
Slide 7: Financial Highlights
4Q24 RESULTS GRUPO MEXICO Financial Highlights USD 4Q24 4Q23 VAR % 2024 2023 VAR% REVENUE (MM) 3,847 3,412 12.8% 16,170 14,367 12.6% OPERATING INCOME (MM) 1,518 1,098 38.2% 6,777 5,433 24.7% EBITDA (MM) 1,906 1,544 23.4% 8,378 7,060 18.7% EBITDA MARGIN 49.5% 45.3% 51.8% 49.1% CASH COST 1.22 1.44 -14
Slide 8: Grupo Mexico maintains a solid balance sheet
4Q24 RESULTS GRUPO MEXICO Grupo Mexico maintains Dividend Payments a solid balance sheet $1.50 1Q 2022 6.3% Low leverage $1.00 2Q 95% of the debt has a fixed rate $0.75 5.1% 5.2% Average 2022 3Q 4.7% $1.00 4Q 4.8% 1Q $1.00 4.4% Debt 2Q $0.80 2023 3.7% 0.05x Net Debt/EBITDA ratio 2023 3Q $1.00 5.4% 4
Slide 9: Debt Maturity Profile
4Q24 RESULTS GRUPO MEXICO Debt Maturity US Millions Profile 2025 2026 56.2 753.4 2027 812.5 2028 291.5 2029 490.7 2030 57.8 MINING DIVISION 2031 62.2 2032 65.0 TRANSPORTATION DIVISION 2033 17.8 2034 19.4 INFRASTRUCTURE DIVISION 2035 1,018.9 2036 20.3 2037 21.5 2038 22.5 2039 23.2 2040 1,112.0 Comfor
Slide 10: Mining Division
4Q24 RESULTS MAIN HIGHLIGHTS 02 Mining Division Copper Market Financial Highlights Projects Update Continuous Value Creation 10
Slide 11: Copper Market
4Q24 RESULTS MINING DIVISION Copper Market Outlook LME Copper Price Expected market deficit in 2024. Chinese strong stimulus package. 3.70 Resilient US economy. 4Q23 +12% New demand from decarbonization 4Q24 technologies and artificial intelligence technologies. 4.20 Commercial war between US and Ch
Slide 12: Mining Division Financial Highlights 2024
4Q24 RESULTS MINING DIVISION US$12,397M US$6,642M 1.086M ACCUMULATED SALES 2024 EBITDA TONS OF COPPER IN 2024 Accumulated sales were 14.1% higher than 2023, as 26.0% higher than 2023, with a 53.6% margin. An increase of 5.5% vs 2023, mainly due to a a result of higher copper and byproduct sales prod
Slide 13: Projects Updates
4Q24 RESULTS MINING DIVISION Projects Updates El Pilar Sonora, Mexico (2028): This low-capital intensity copper greenfield project is strategically located in Sonora, Mexico, approximately 45 kilometers from our Buenavista mine. Its copper oxide mineralization contains estimated proven and probable
Slide 14: Projects Updates
4Q24 RESULTS MINING DIVISION Projects Updates Arequipa, Perú (2027): Tía Maria As of December 31, 2024, the Company has generated more than 614 jobs, 492 of which were filled with local applicants. To the fullest extent possible, we intend to fill the 3,500 jobs estimated to be required during Tia M
Slide 15: Continuous Value Creation
4Q24 RESULTS MINING DIVISION Continuous Value Creation Robust Pipeline Growth Projects Region Peru Project Ilo Smelter USD $1.3 Bn Region Region Region Region Region Peru Mexico Mexico Peru Peru Project Project Region Project Project Project Tia Maria El Pilar Mexico El Arco Los Chancas Production M
Slide 16: Transportation Division
4Q24 RESULTS MAIN HIGHLIGHTS 03 Transportation Division Financial Highlights Main Variations Operating Metrics CAPEX 2025 16
Slide 17: Transportation Financial Highlights
4Q24 RESULTS TRANSPORTATION DIVISION Financial Highlights 2024 US$3,330M US$1,406M Transported volume 2024 ACCUMULATED SALES 2024 EBITDA NET TON-KM CARLOADS A 4.8% increase vs 2023, driven by an 8.2% increase in carloads and a 3.7% increase in net ton kilometers. 3.5% lower than 4Q23. 1.8% lower tha
Slide 18: Main Variations
4Q24 RESULTS TRANSPORTATION DIVISION Main Variations Revenue 4Q24 | MXN % Revenue Growth 26% Intermodal MX volume increase in cross-border and domestic operations, US recovery of domestic routes High 33% 24% Agricultural Increase of grain imports through shuttle trains 13% Chemicals Increase of fert
Slide 19: Operating Metrics
4Q24 RESULTS TRANSPORTATION DIVISION Operating Metrics 4Q24 VS 4Q23 Average train speed Dwell time Cars velocity (KM/HR) (HOURS) (KM/DAY) -2.0% -6.0% +4.0% 37.2 28.4 254.7 4Q23 4Q23 4Q23 4Q24 4Q24 4Q24 36.5 26.7 264 Average train length Gross tons per train Crew starts (METERS) (TONS) (AVERAGE MONTH
Slide 20: CAPEX GMXT - 2025
4Q24 RESULTS CAPEX GMXT - 2025 Million USD De scrip tion 2025 Ma in P roj e cts • New Rail & Ties (1) • Locomotive and Machinery T ra ck a nd $ 244.5 Overhauls E q uip me nt • Tools and equipment • Bridges (2) • Yards reconfiguration Ya rd s a nd • Siding enlargement $ 82.3 T e rmina ls • Ft Pierce
Slide 21: Infrastructure Division
4Q24 RESULTS INFRASTRUCTURE DIVISION 04 Infrastructure Division Financial Highlights Relevant Events 21
Slide 22: Infrastructure Financial Highlights
4Q24 RESULTS INFRASTRUCTURE DIVISION US$784M US$424M US$99M 2024 SALES ACCUMULATED EBITDA 2024 NET INCOME 10.3% higher than 2023. 80.8%% higher than 2023. 21.0% higher vs 2023, with a remarkable 54.1% These results reflect the effectiveness of our operational margin. 66.5% lower vs 4Q23. strategies
Slide 23: Relevant Events
4Q24 RESULTS INFRASTRUCTURE DIVISION Relevant Events Oil rigs Consistently High Performance Perforadora Mexico continued to deliver excellent operational results, maintaining a remarkable availability rate of 99.0% through 2024. Net sales totaled $239 million, while EBITDA reached $124 million— repr
Slide 24: Relevant Events
4Q24 RESULTS INFRASTRUCTURE DIVISION Relevant Events Construction Noteworthy Revenue Gains Mexico Compañía Constructora delivered strong results, achieving net sales of $97 million (+26% YoY) and EBITDA of $21 million (+2% YoY) by 4Q’24. The revenue increase was fueled by expanded production and the
Slide 25: Q&A
4Q24 RESULTS MAIN HIGHLIGHTS 05 Q&A 25
Slide 26: 4Q24 Results
FEBRUARY 2024 = GrupoMexico 4Q24 Resu Its