Southern Copper (SCCO) Company Presentation summary

Corporate structure and market fundamentals

• Majority-owned by Grupo México, with 88.9% listed on NYSE and 11.1% public float as of September 2025.

• Operations split between Southern Perú (37% of EBITDA) and Minera México (63% of EBITDA).

• Copper market faces a projected 100K ton deficit in 2025, with inventories at a low (6 days).

• Demand growth driven by China, US resilience, energy transition, and AI; supply growth mainly from expansions.

Copper market outlook and energy transition

• Copper is critical for the energy transition, with demand expected to rise at a 2.7% CAGR through 2050.

• Base case forecasts a production deficit from 2025 onward, with primary demand outpacing new supply.

• Copper intensity is highest in wind and solar energy infrastructure.

• Average copper price forecast to rise, reaching $4.40/lb in 2025.

Operational strengths and ESG initiatives

• Holds the largest copper reserves among listed companies and is the #5 global copper producer.

• Integrated, low-cost operations with a cash cost of $0.61/lb in 9M2025.

• Strong ESG commitment: 180,000 tons CO2 emissions avoided in 2025, advanced restoration projects, and high ESG ratings.

• Community investments include school modernization and free health consultations.