Compania De Minas Buenaventura Saa · BVL:BUENAVC1
Compania De Minas Buenaventura Saa — Compañía de Minas Buenaventura — Q4 2024 Earnings Presentation
13 slides from Compania De Minas Buenaventura Saa's earnings presentation, Mar 21, 2025
Slide 1: 4Q24 Earnings Results Conference Call
4Q24 Earnings Results Conference Call
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains certain information that may constitute forward-looking information under applicable U.S. securities legislation, including but not limited to information about costs applicable to sales, general and administrative expenses; production volumes; current
Slide 3: Executing Our Strategy: Strong Performance, Growth and Financial Discipline
Executing Our Strategy: Strong Performance, Growth and Financial Discipline EBITDA Direct Operations (1) In Feb-25, Buenaventura issued a bond for Consolidated Production (2) = EBITDA Margin In US$ millions 37% US$650M -2% 431 Maturity Coupon Rating Cu (kton) 57.7 2032 (7NC3) 6.800% Fitch (BB) / S&P
Slide 4: 2025 Guidance: stable copper and silver production; gold in transition year
2025 Guidance: stable copper and silver production at El Brocal and Yumpag; gold production in a transition year as San Gabriel prepares to drive future growth Copper Silver Gold Kton-Cu MOz-Ag kOz-Au +6% 60 +1% 15.7 -13% 15.5 149 57 130 55 13.8 109 FY24 FY25E FY24 FY25E FY24 FY25E CAPEX Growth ~$30
Slide 5: Cost Discipline & Operational Stability in Line with Expectations
Cost Discipline & Operational Stability in Line with Expectations Copper All-in Sustaining Cost (1) Cost Applicable to Sales In US$/TMF-Cu 6,738 7,100 6,869 6,227 6,031 6,056 5,047 5,353 3,678 Copper El Brocal: US$/TMF-Cu ↑26% Lower byproduct credit contribution. 2,921 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24
Slide 6: Free cash flow generation
Free cash flow generation(1) 4Q24 Cash generation 4Q24 EBITDA to FCF reconciliation In US$ millions In US$ millions 101 80 78 478 458 -100 -56 -1 61 -2 -2 -1 93 -140 -11 21 -56 Beginning Operations Investing Financing Dividends Dividends Final EBITDA Working Tax Interests Dividends Dividends CAPEX +
Slide 7: San Gabriel: Steady progress towards first gold bar in 4Q25
San Gabriel: Steady progress towards first gold bar in 4Q25 Highlights Project Milestones 4Q24 CAPEX Commissioning plan Commissioning Primary Filter Water Commissioning Complete US$ 104.8 M Plan Crusher CIL Plant Dam Complete Gold Bar primary allocated to 4Q24 1Q25 2Q25 3Q25 4Q25 Team in place with
Slide 8: San Gabriel: 71% complete, preparing for ramp-up
San Gabriel: 71% complete, preparing for ramp-up Processing Plant: Crushing area 97% progress of Primary Crusher mechanical works Conveyor 75% progress of SAG and Ball mills mechanical works 87% progress of CIL tanks mechanical works Milling area CIL tanks Oxygen Plant 8
Slide 9: San Gabriel: 71% complete, preparing for ramp-up
San Gabriel: 71% complete, preparing for ramp-up Processing Plant: 97% progress of Primary Crusher mechanical works Milling area Crushing area 75% progress of SAG and Ball mills mechanical works 87% progress of CIL tanks mechanical works Oxygen Plant CIL tanks Conveyor 9
Slide 10: High-standard filtered tailing facility reducing environmental footprint
High-standard filtered tailing facility reducing environmental footprint Filtered Tailings Plant 55% progress 10
Slide 11: On track for UDF mining method to optimize ore recovery & minimize dilution
On track for UDF mining method to optimize ore recovery & minimize dilution Implementation Program • Fully dedicated expert support with more than 15 years in this mining method • Trial Mine in Tambomayo Mine • Benchmark's visit to four mines in Nevada (USA) First Level – Top Cut Second Level – Unde
Slide 12: Closing Remarks
Closing Remarks 1 Strengthened Balance Sheet with Bond Issuance – Our financial position remains solid, reinforced by the successful bond issuance, ensuring liquidity and flexibility for future growth. 2 2025: A Year of Transition – San Gabriel will begin production and ramp-up, marking a key milest
Slide 13: Q&A
Bucnave NTURA Q&A
Compañía de Minas Buenaventura — Q4 2024 Earnings Presentation on 6ix