Southern Copper (SCCO) Company presentation summary

Corporate structure and market fundamentals

• Majority-owned by Grupo México, with 88.9% listed on NYSE and 99.96% ownership of Minera México as of June 2026.

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

• Demand is driven by China, US resilience, energy transition, and AI technologies, while supply growth is constrained.

• Copper is critical for the energy transition, with demand expected to rise steadily through 2040.

Operational strengths and ESG initiatives

• Holds the highest copper reserves among listed companies and operates low-cost, integrated operations.

• Strong organic growth pipeline and experienced management team.

• ESG initiatives include educational programs, water management projects, and community engagement in Mexico and Peru.

Operations overview and cost efficiency

• 2026 copper production estimated at 917 kt, with sales of $14.9B and EBITDA of $9.5B (64% margin).

• Largest copper reserves globally, diversified across Mexico and Peru, with significant by-product revenue from molybdenum, silver, and zinc.

• Maintains industry-leading low cash costs, $0.58/lb in 2025 and -$0.03/lb YTD 2026, supported by by-product credits.