3Q23 Results
OCTOBER 2023
3 Q 2 3 R E S U L T S | D I S C L A I M E R |
Disclaimer
Summary
financial information
This information is given in summary form and does not purport to be complete. Information in this presentation, including financial forecasts, should not be considered as advice or a recommendation to investors or prospective investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs.
Before acting on any information, you should consider the appropriateness of the information regarding these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international
transactions, currency risk.
This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to GM's businesses and operations, market conditions, operation results and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward-looking statements. GM does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies beyond GM's control. Past performance is not a reliable indication of future performance. Unless otherwise specified all information is for the period ended on September 30, 2023.
This document includes summary financial information and should not be considered a substitute for our full financial statements, including footnotes, management/auditors' reports, and related management's discussion and analysis.
You can access our financial reports and other disclosures at: www.gmexico.com www.bmv.com.mx
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3 Q 2 3 R E S U L T S | M A I N H I G H L I G H T S |
01Main Highlights
ESG Highlights
Scorecard
Financial Highlights
Balance sheet
Debt Maturity Profile
3 Q 2 3 R E S U L T S | G R U P O M E X I C O |
ESG Highlights
Sustainability is a key pillar of Grupo Mexico's business model.
Investments with a Lasting Impact
Safety Prevention Approach
Innovation in
Water Usage and
Efficiency
Promoting Health and Well-being
We are diligently constructing infrastructure to provide clean drinking water and sewage systems in Cananea and Nacozari, to address the pressing water scarcity issues. It will benefit approximately 75,000 residents.
Our Buenavista del Cobre unit in Sonora received the "Safe and Healthy Work Environments" (ELSSA) certification following a thorough audit conducted by the Mexican Social Security Institute.
At our new tailings filtration plant in Quebrada Honda, Peru, we are reclaiming approximately 6,000 cubic meters of water per day. This filter press is the largest of its kind in the mining industry.
We have forged two strategic alliances with non-profit organizations and "Dr. Vagón", with "Colectivo 50+1", with the purpose of raising awareness about the importance of early detection of breast cancer and cervical cancer, and with the 'Fleishman Foundation' to provide visual health services to vulnerable communities.
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3 Q 2 3 R E S U L T S | G R U P O M E X I C O |
US$10,963M
9M23 SALES
8.7% vs 2022
17.1% vs 3Q22
Mainly due to an increase in copper sales volumes, good metrics in the Transportation Division and a remarkable financial performance in the Infrastructure Division.
US$5,515M
YTD EBITDA
9.2% vs 9M22
25.1% vs 3Q22
US$4,335M
9M23 OPERATING INCOME
7.6% vs 9M22
27.3% vs 3Q22
P$1.00r
3Q23 DIVIDEND
5.4%
3Q23 DIVIDEND YIELD
765,602 TONS
OF CU
YTD PRODUCTION
3.8% vs 2022 -1.0%vs 3Q22
US$1.20/LB
9M23 NET CASH COST
+6.2% vs 9M22 US$1.29/lb in 3Q23
Scorecard We show quarterly and cumulative positive financial results.
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3 Q 2 3 R E S U L T S | G R U P O M E X I C O |
Financial Highlights
USD | 3Q23 | 3Q22 | VAR % |
REVENUE (MM) | 3,647 | 3,115 | 17.1% |
OPERATING INCOME (MM) | 1,373 | 1,078 | 27.3% |
EBITDA (MM) | 1,782 | 1,424 | 25.1% |
EBITDA MARGIN | 48.9% | 45.7% | |
CASH COST | 1.29 | 1.28 | 0.3% |
DIVIDEND PER SHARE ($MXN) | 1.00 | 0.75 | |
9M23 | 9M22 | VAR% | |
10,963 | 10,083 | 8.7% | |
4,335 | 4,027 | 7.6% | |
5,515 | 5,050 | 9.2% | |
50.3% | 50.1% | ||
1.20 | 1.13 | 6.2% | |
2.80 | 3.25 | ||
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3 Q 2 3 R E S U L T S | G R U P O M E X I C O |
Grupo Mexico maintains a solid balance sheet
Low leverage
95% of the debt has a fixed rate
Debt
0.3x Net Debt/EBITDA ratio
77% | 23% |
MEXICAN | |
US DOLLARS | |
PESOS | |
Dividend Payments
1Q | $1.50 | |||
2Q | $1.75 | |||
2021 | 3Q | $1.75 | ||
4Q | $1.75 | |||
1Q | $1.50 | |
2Q | $1.00 | |
2022 | 3Q | $0.75 |
4Q | $1.00 |
1Q | $1.00 | |||
2023 | 2Q | $0.80 | ||
3Q | $1.00 |
5.9% | 2021 | |||
7.4% | ||||
7.2% Average | ||||
7.4% | ||||
8.1% | ||||
6.3% | ||||
5.1% | 2022 | |||
4.7% | ||||
5.2% Average | ||||
4.8% | ||||
4.4% | ||||
3.7% | 2023 | |||
5.4% | ||||
4.5% Average | ||||
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3 Q 2 3 R E S U L T S | G R U P O M E X I C O |
Debt Maturity
Profile
MINING DIVISION
TRANSPORTATION DIVISION
INFRASTRUCTURE DIVISION
Comfortable maturity schedule.
No significant payments until 2035.
Cash reached US$6.8Bn.
US Millions
2023 | 26 |
2024 | 237 |
2025 | 757 |
2026 | 51 |
2027 | 917 |
2028 | 210 |
2029 | 496 |
2030 | 59 |
2031 | 64 |
2032 | 68 |
2033 | 19 |
2034 | 21 |
2035 | 1,021 |
2036 | 22 |
2037 | 24 |
2038 | 25 |
2039 | 26 |
2040 | 1,109 |
2041 | - |
2042 | 1,200 |
2043 | - |
2044 | - |
2045 | 1,500 |
2046 | - |
2047 | - |
2048 | - |
2049 | - |
2050 | 1,000 |
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3 Q 2 3 R E S U L T S | M I N I N G D I V I S I O N |
02Mining Division
Copper Market
Financial Highlights
Projects Update
Continuous Value Creation
Attachments
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Disclaimer
Grupo Mexico SAB de CV published this content on 25 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2023 01:50:09 UTC.