Financials Hudbay Minerals Inc.

Equities

HBM

CA4436281022

Specialty Mining & Metals

Market Closed - Toronto S.E. Other stock markets 01:30:00 14/06/2025 am IST			5-day change	1st Jan Change
13.14 ^CAD	+0.46%		-0.38%	+12.69%

04/06	Canadian miners Hudbay, SSR pause operations due to wildfires	RE
04/06	Canadian miners Hudbay, SSR pause operations due to wildfires	RE

Projected Income Statement: Hudbay Minerals Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,092	1,502	1,461	1,690	2,021	2,209	2,134	2,364
Change	-	37.49%	-2.7%	15.64%	19.6%	9.31%	-3.43%	10.78%
EBITDA ¹	306.7	547.1	475.9	647.8	822.5	997	951.4	1,135
Change	-	78.38%	-13.01%	36.12%	26.97%	21.22%	-4.58%	19.32%
EBIT ¹	-37.19	189	138.3	256.1	395.9	562	598.9	783.6
Change	-	608.24%	-26.83%	85.18%	54.59%	41.96%	6.56%	30.83%
Interest Paid ¹	-141.9	-221	-118.5	-145.3	-148.7	-82.13	-83.97	-84.8
Earnings before Tax (EBT) ¹	-179.1	-202.8	95.8	151.8	251.6	467.9	545.3	734
Change	-	-13.21%	147.25%	58.46%	65.74%	85.96%	16.54%	34.61%
Net income ¹	-144.6	-244.4	70.38	66.37	76.7	269.4	274.5	367.8
Change	-	-69.01%	128.8%	-5.7%	15.57%	251.24%	1.88%	34.02%
Announcement Date	18/02/21	23/02/22	23/02/23	23/02/24	19/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	208.9	316.1	322.3	313.6	404.2	359	425.2	378.6	415.5	346.2	321.2	295.2	312.2	480.5	602.2	525	425.5	485.8	584.9	594.9	545.6	546	536.2	-	-	-	-
Change	-	51.31%	1.96%	-2.69%	28.89%	-11.2%	18.44%	-10.95%	9.73%	-16.68%	-7.21%	-8.09%	5.74%	53.91%	25.34%	-12.82%	-18.95%	14.16%	20.41%	1.71%	-8.28%	0.08%	-1.8%	-	-	-	-
EBITDA ¹	49.1	96.1	106.9	104.2	143.2	119.3	180.3	110.2	141.4	99.3	124.7	101.9	81.2	190.7	274.4	214.2	145	206.2	257.3	287.2	232.4	242	229.4	248.3	251.5	257.5	259.8
Change	-	95.72%	11.24%	-2.53%	37.43%	-16.69%	51.13%	-38.88%	28.31%	-29.77%	25.58%	-18.28%	-20.31%	134.85%	43.89%	-21.94%	-32.31%	42.21%	24.78%	11.62%	-19.07%	4.12%	-5.21%	8.26%	1.28%	2.39%	0.87%
EBIT ¹	-26.84	20.83	7.179	21.5	43.9	32.85	90	29.1	54.1	9.5	45.3	34.5	-7.5	76.9	152.5	104.9	47.4	108.7	135.1	179.1	121.5	140.2	129.8	-	-	-	-
Change	-	177.62%	-65.53%	199.48%	104.19%	-25.17%	173.98%	-67.67%	85.91%	-82.44%	376.84%	-23.84%	-121.74%	1,125.33%	98.31%	-31.21%	-54.81%	129.32%	24.29%	32.57%	-32.15%	15.34%	-7.37%	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	-51.9	-23.96	7.406	-60.1	-3.395	-170.4	-10.45	63.82	32.14	-8.135	-17.44	5.457	-14.93	45.5	30.72	18.54	-16.58	50.4	21.2	99.2	53.18	63.12	56.42	-	-	-	-
Change	-	53.84%	130.92%	-911.53%	94.35%	-4,919.47%	93.87%	710.49%	-49.63%	-125.31%	-114.39%	131.29%	-373.63%	404.71%	-32.49%	-39.66%	-189.47%	403.93%	-57.94%	367.92%	-46.4%	18.69%	-10.61%	-	-	-	-
Announcement Date	11/08/20	03/11/20	18/02/21	11/05/21	09/08/21	03/11/21	23/02/22	09/05/22	08/08/22	02/11/22	23/02/23	08/05/23	08/08/23	08/11/23	23/02/24	14/05/24	13/08/24	13/11/24	19/02/25	12/05/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Hudbay Minerals Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	760	987	958	1,038	526	483	215	10.2
Change	-	29.87%	-2.94%	8.35%	-49.33%	-8.12%	-55.49%	-95.26%
Announcement Date	18/02/21	23/02/22	23/02/23	23/02/24	19/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Hudbay Minerals Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	361.2	377.4	309	281.1	350.1	560.6	530.3	773.7
Change	-	4.5%	-18.14%	-9.02%	24.55%	60.12%	-5.4%	45.89%
Free Cash Flow (FCF) ¹	-121.7	6.383	178.8	195.8	316.1	143.1	285.1	264.4
Change	-	105.24%	2,701.86%	9.45%	61.48%	-54.74%	99.25%	-7.26%
Announcement Date	18/02/21	23/02/22	23/02/23	23/02/24	19/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Hudbay Minerals Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	28.08%	36.42%	32.56%	38.33%	40.69%	45.13%	44.59%	48.03%
EBIT Margin (%)	-3.4%	12.58%	9.46%	15.15%	19.59%	25.44%	28.07%	33.15%
EBT Margin (%)	-16.39%	-13.5%	6.56%	8.98%	12.45%	21.18%	25.56%	31.05%
Net margin (%)	-13.24%	-16.27%	4.82%	3.93%	3.79%	12.19%	12.86%	15.56%
FCF margin (%)	-11.14%	0.42%	12.24%	11.58%	15.64%	6.48%	13.36%	11.19%
FCF / Net Income (%)	84.18%	-2.61%	254.1%	294.95%	412.13%	53.11%	103.86%	71.87%
Profitability
ROA	-	-	-	-	-	-	5.5%	6.7%
ROE	-8.15%	1.45%	1.73%	3.62%	7.6%	9.74%	11.25%	13.35%
Financial Health
Leverage (Debt/EBITDA)	2.48x	1.8x	2.01x	1.6x	0.64x	0.48x	0.23x	0.01x
Debt / Free cash flow	-6.25x	154.67x	5.36x	5.3x	1.66x	3.38x	0.75x	0.04x
Capital Intensity
CAPEX / Current Assets (%)	33.06%	25.13%	21.14%	16.63%	17.32%	25.37%	24.86%	32.73%
CAPEX / EBITDA (%)	117.76%	68.99%	64.92%	43.39%	42.57%	56.23%	55.74%	68.15%
CAPEX / FCF (%)	-296.77%	5,913.1%	172.75%	143.6%	110.76%	391.84%	186.03%	292.64%
Items per share
Cash flow per share ¹	0.9257	1.851	1.494	1.833	1.832	1.714	1.887	2.33
Change	-	99.91%	-19.27%	22.71%	-0.06%	-6.43%	10.06%	23.51%
Dividend per Share ¹	0.02	0.0157	0.0147	0.0148	0.0141	0.0185	0.0181	0.02
Change	-	-21.4%	-6.55%	0.75%	-4.8%	31.44%	-2.27%	10.5%
Book Value Per Share ¹	6.506	5.65	5.999	-	-	-	-	-
Change	-	-13.16%	6.17%	-	-	-	-	-
EPS ¹	-0.55	-0.93	0.27	0.22	0.2	0.7308	0.7308	0.9042
Change	-	-69.09%	129.03%	-18.52%	-9.09%	265.42%	-0.01%	23.73%
Nbr of stocks (in thousands)	2,61,272	2,61,525	2,61,903	3,48,908	3,93,934	3,95,002	3,95,002	3,95,002
Announcement Date	18/02/21	23/02/22	23/02/23	23/02/24	19/02/25	-	-	-