Nexa Resources Perú A : OTROS HECHOS DE IMPORTANCIA OTROS HECHOS DE IMPORTANCIA OTROS HECHOS DE IMPORTANCIA 10. INFORMACIÓN FINANCIERA Y MEMORIA ANUAL. 10. INFORMACIÓN FINANCIERA Y MEMORIA ANUAL. OTROS HECHOS DE IMPORTANCIA OTROS HECHOS DE IMPORTANCIA

(Free translation from the original in Spanish)

Nexa Resources Perú S.A.A. and subsidiaries

Consolidated financial statements at December 31, 2021 and independent auditor's report

Firmado Digitalmente por:

RICARDO MORAES GALVAO PORTO

Fecha: 15/02/2022 10:21:33 p.m.

Content
Consolidated financial statements
Consolidated income statement ...........................................................................	3
Consolidated statement of comprehensive income .................................................	4
Consolidated balance sheet.................................................................................	5
Consolidated statement of cash flows ...................................................................	6
Consolidated statement of changes in shareholders' equity .....................................	7
Notes to the consolidated financial statements
1	General information .....................................................................................	8
2	Basis of preparation of the consolidated financial statements ............................	9
3	Principles of consolidation .............................................................................	9
4	Changes in the main accounting policies and disclosures ................................	11
5	Net revenues ............................................................................................	13
6	Expenses by nature....................................................................................	15
7	Mineral exploration and projects evaluation...................................................	16
8	Other income and expenses, net..................................................................	16
9	Net financial results ...................................................................................	17
10	Current and deferred income tax .................................................................	18
11	Financial risk management .........................................................................	21
12	Financial instruments .................................................................................	27
13	Fair value estimates ...................................................................................	28
14	Cash and cash equivalents ..........................................................................	30
15	Derivative financial instruments...................................................................	31
16	Trade accounts receivables .........................................................................	32
17	Inventory .................................................................................................	33
18	Other assets .............................................................................................	35
19	Related parties ..........................................................................................	36
20	Property, plant and equipment ....................................................................	37
21	Intangible assets .......................................................................................	41
22	Right-of-use assets and lease liabilities.........................................................	44
23	Loans and financings ..................................................................................	45
24	Trade payables ..........................................................................................	48
25	Confirming payables...................................................................................	49
26	Salaries and payroll charges........................................................................	49
27	Asset retirement and environmental obligations.............................................	50
28	Contractual obligations ...............................................................................	51
29	Other liabilities ..........................................................................................	53
30	Provisions .................................................................................................	53
31	Shareholders´ equity .................................................................................	55
32	Impairment of non-current assets................................................................	57
33	Long-term commitments ............................................................................	60
34	Events after the reporting period .................................................................	60
Independent Auditor's Report.

(Free translation from the original in Spanish)

Nexa Resources Perú S.A.A. and subsidiaries

Consolidated income statement Years ended on December 31

All amounts in thousands of US$ dollars, unless otherwise stated

	N o t e	2 0 2 1	2 0 2 0
Net revenues	5	828,571	541,099
Cost of sales	6	(507,801)	(431,481)
Gro ss pro fit		320,770	109,618
Operating expenses
Selling and administrative expenses	6	(30,166)	(31,296)
M ineral exploration and projects evaluation	6 and 7	(44,055)	(29,648)
Impairment of non-current assets	32	-	(98,353)
Expenses on temporary suspension of underground mine		(3,550)	(8,261)
Other income and expenses, net	8	(17,627)	(19,256)
		(95,398)	(186,814)
Operating inco me (lo ss)		225,372	(77,196)
N et financial results	9
Financial income		11,593	12,042
Financial expenses		(21,247)	(43,500)
Other financial items, net		15,132	(2,275)
		5,478	(33,733)
Inco me (lo ss) befo re inco me tax		230,850	(110,929)
Inco me tax	10 (a)
Current		(68,182)	(19,085)
Deferred		(26,299)	(8,810)
N et inco me (lo ss) fo r the year		136,369	(138,824)
Attributable to owners of the controlling entity		136,714	(113,737)
Attributable to non-controlling interests	31(f)	(345)	(25,087)
N et inco me (lo ss) fo r the year		136,369	(138,824)
Weighted average number of outstanding shares - in thousands		1,272,108	1,272,108
Basic and diluted earnings (losses) per share - US$	31(e)	0.11	(0.09)

The accompanying notes are an integral part of these consolidated financial statements.

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(Free translation from the original in Spanish)

Nexa Resources Perú S.A.A. and subsidiaries

Consolidated statement of comprehensive income

Years ended on December 31

All amounts in thousands of US$ dollars, unless otherwise stated

	N o t e	2 0 2 1	2 0 2 0
N et inco me (lo ss) fo r the year		136,369	(138,824)
Other co mprehensive lo ss, net o f inco me tax - items that are no t be
reclassified to the inco me statement
Changes in fair value of financial liabilities that related to changes in the Company's own	23 (b)
credit risk	(5,189)	(7,908)
Deferred income tax		(2,333)	2,333
		(7,522)	(5,575)
T o tal co mprehensive inco me (lo ss) fo r the year		128,847	(144,399)
Attributable to owners of the controlling entity		129,192	(119,312)
Attributable to non-controlling interests		(345)	(25,087)
T o tal co mprehensive inco me (lo ss) fo r the year		128,847	(144,399)

The accompanying notes are an integral part of these consolidated financial statements.

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(Free translation from the original in Spanish)

Nexa Resources Perú S.A.A. and subsidiaries

Consolidated balance sheet At December 31

All amounts in thousands of US$ dollars, unless otherwise stated

A s s e t s	N o t e	2 0 2 1	2 0 2 0
C urrent assets
Cash and cash equivalents	14	272,086	280,628
Derivative financial instruments	15 (a)	-	5,759
Trade accounts receivables	16	340,263	243,450
Inventory	17	46,519	28,937
Recoverable income tax		557	4,533
Other assets	18	21,183	27,641
		680,608	590,948
N o n- current assets
Derivative financial instruments	15 (a)	-	15,174
Deferred income tax	10 (b)	12,539	40,978
Recoverable income tax		559	9,263
Other assets	18	12,812	14,572
Property, plant and equipment	20	286,258	291,405
Intangible assets	21	243,630	235,035
Right-of-use assets	22 (a)	3,781	4,715
		559,579	611,142
T o tal assets		1,240,187	1,202,090
Liabilities and shareho lders' equity
C urrent liabilities
Loans and financings	23 (a)	2,780	9,495
Lease liabilities	22 (b)	6,278	5,264
Trade payables	24	146,508	123,505
Confirming payables	25	5,942	2,585
Salaries and payro ll charges	26	34,679	21,133
Asset retirement and environmental obligations	27	9,911	11,948
Contractual obligations	28	33,156	27,132
Payable income tax		29,959	-
Other liabilities	29	27,809	32,648
		297,022	233,710
N o n- current liabilities
Loans and financings	23 (a)	128,865	236,622
Derivative financial instruments	15 (a)	-	21,350
Lease liabilities	22 (b)	1,582	2,040
Asset retirement and environmental obligations	27	119,092	124,334
Deferred income tax	10 (b)	17	38
Provisions	30	13,953	8,127
Contractual obligations	28	114,076	138,893
Other liabilities	29	43	286
		377,628	531,690
T o tal liabilities		674,650	765,400
Shareho lders' equity	31
Attributable to owners of the controlling entity		575,386	446,194
Attributable to non-controlling interests		(9,849)	(9,504)
		565,537	436,690
T o tal liabilities and shareho lders' equity		1,240,187	1,202,090

The accompanying notes are an integral part of these consolidated financial statements.

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