Southern Copper Corporation · NYSE:SCCO
Southern Copper — Q1 2025 Earnings Presentation
11 slides from Southern Copper's earnings presentation, 2025
Slide 1: 1Q25 Results
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Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared Southern Copper Corporation This presentation may contain forward looking statements including statements (SCC) and is general background information about SCC’s activities current as at the regarding our intent, belief or current expect
Slide 3: Agenda
Agenda Copper Market 4 Key Results Production 5 Financial Results 6 Financial Highlights 7 Capital Investments 8 Environmental, Social and Governance Investment 9 Dividend Announcement 10 Q&A Session 11 GRUPO MÉXICO MINERÍA SOUTHERN PERU | 3
Slide 4: Copper Market
Copper Market LME Copper Price Outlook • Expected market deficit in 2025. 4.2 3.8 11% • Low copper inventories. • Strong Chinese economy. • Resilient US economy. 1Q24 1Q25 • New demand from decarbonization technologies and artificial intelligence technologies. • Strong commercial war between US and
Slide 5: Production
Production 1Q25 vs 1Q24 Copper Molybdenum (Tons) (Tons) 7,079 7,684 240,270 240,226 9% -0.02% 1Q24 1Q25 Silver 1Q24 1Q25 (MM Ounces) 5.4 4.8 13% Copper 1Q24 1Q25 (Tons) 238,888 1% 240,226 Zinc Zn (Tons) 39,375 26,366 49% 4Q24 1Q25 1Q24 1Q25 GRUPO MÉXICO MINERÍA SOUTHERN PERU | 5
Slide 6: Financial Results
Financial Results USD 1Q24 1Q25 VAR% 4Q24 VAR% Net Sales 2,600 3,122 20% 2,784 12% Operating Cost 1,410 1,586 13% 1,477 7% EBITDA 1,418 1,746 23% 1,507 16% Cash Cost 1.07 0.77 (28%) 0.96 (20%) Net Income 736 946 29% 794 19% GRUPO MÉXICO MINERÍA SOUTHERN PERU | 6
Slide 7: Financial Highlights
Financial Highlights 1Q25 Sales Operating Cost EBITDA US$3,122 M. US$1,586 M. US$1,746 M. 1Q25 vs 1Q24: +20% 1Q25 vs 1Q24: +13% 1Q25 vs 1Q24: +23% 1Q25 vs 4Q24: +12% 1Q25 vs 4Q24: +7% 1Q25 vs 4Q24: +16% Cash Cost Net Income US$0.77 US$946 M. 1Q25 vs 1Q24: -28% 1Q25 vs 1Q24: +29% 1Q25 vs 4Q24: -20% 1
Slide 8: Capital Investments
Capital Investments TIA MARIA ILO SMELTER LOS CHANCAS MICHIQUILLAY Peru ▪ 120k tons Cu ▪ US $1.3 B ▪ 130k tons Cu ▪ 225k tons Cu ▪ US $1.8 B ▪ 7.5k tons Mo ▪ US $2.5 B ▪ US $2.6 B Projects 2027 2028 2029 2030 2031 2032 EL PILAR EMPALME EL ARCO Mexico SMELTER ▪ 36k tons Cu ▪ 190k tons Cu ▪ US $310 MM
Slide 9: ESG Investments
ESG Investments SCC is committed to improving its ESG record by adopting best practices. Communities Social Environment Two high-performance schools For the third consecutive year, we SCC maintained its ratings for climate (COAR) built by Southern Copper received the Exceptional Company change and w
Slide 10: Dividend Announcement
Dividend Announcement Financial Performance Supports Shareholders Returns Annual Dividend Yield 2023 5.4% 2024 4.6% 2025 6.2% Dividends Paid Per Period * * * $1.50 $1.40 $1.40 * $1.20 *$1.20 $1.00 $1.00 $1.00 $1.00 $0.80 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 1Q 3Q 4Q * Dividend in
Slide 11: Q&A Session
Q&A Session 2025 GRUPO MÉXICO MINERÍA SOUTHERN PERU | 11