Southern Copper (SCCO) Company presentation summary

Corporate structure and market fundamentals

• Majority ownership by Grupo México, with 88.9% listed on NYSE and 11.1% public float.

• Operations generate 63% of EBITDA from Minera México and 37% from Southern Perú as of 2025.

• Copper market faces a projected deficit of 350K tons in 2026, with inventories at 15 days of consumption.

• Long-term copper demand driven by China, US resilience, energy transition, and AI technologies.

• Supply growth constrained by challenges in developing new deposits; expansions mainly from existing operations.

Strategic strengths and ESG initiatives

• Holds the highest copper reserves among listed companies and a strong pipeline of organic growth projects.

• Recognized for strong ESG commitment, including awards for community investment and operational safety.

• Over 5,000 people benefited from $28 million in community investments in 2025.

• Buenavista del Cobre mine accredited for tailings management; La Caridad plant recognized for safety.

Operations, reserves, and diversification

• 2025 copper production reached 911 kt, with sales of $12.8B and EBITDA of $7.5B (59% margin).

• Largest copper reserves globally at 51.1 million metric tons as of December 2024.

• Revenue in 2025 was 76% from copper, with significant contributions from molybdenum, zinc, and silver.

• Geographic revenue split: 32% Mexico, 32% Asia, 12% US, 9% Peru, 8% Europe.