Financials Lundin Mining Corporation

Equities

LUN

CA5503721063

Diversified Mining

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-12-10 EST			5-day change	1st Jan Change
13.32 ^CAD	-3.34%		-5.20%	+22.88%

06:52am	Swedish stocks in North America - Autoliv up 0.2 percent	FW
12-10	Offer of New Lundin Mining Shares in Connection with the Acquisition of Filo Corp. Proposed	MT

Projected Income Statement: Lundin Mining Corporation

income-statement-evolution-chart LUNDIN-MINING-CORPORATION

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,893	2,042	3,329	3,041	3,392	4,319	4,439	4,543
Change	-	7.86%	63.06%	-8.64%	11.54%	27.33%	2.78%	2.34%
EBITDA ¹	705.7	856.9	1,869	1,293	1,364	1,840	1,996	2,248
Change	-	21.43%	118.16%	-30.86%	5.49%	34.92%	8.49%	12.64%
EBIT ¹	315.4	409.7	1,273	564.3	530	1,086	1,328	1,565
Change	-	29.89%	210.59%	-55.65%	-6.09%	105%	22.21%	17.89%
Interest Paid ¹	-38.79	-46.62	-41.39	-64.18	-102.7	-154.8	-176.5	-178.8
Earnings before Tax (EBT) ¹	269.6	341.5	1,245	598.2	531.8	930.3	1,131	1,352
Change	-	26.66%	264.59%	-51.95%	-11.09%	74.91%	21.6%	19.54%
Net income ¹	167.3	168.8	780.3	426.9	241.6	403.4	576	678.8
Change	-	0.9%	362.27%	-45.3%	-43.4%	66.95%	42.8%	17.85%
Announcement Date	2/20/20	2/19/21	2/17/22	2/22/23	2/21/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	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
Net sales ¹	568.4	378	533.3	600.7	529.5	681.5	872.3	756.4	1,019	991.1	590.2	648.5	811.4	751.3	588.5	992.2	1,060	937	1,084	1,073	1,284	1,070	1,104	1,135	1,262	1,309	1,309	1,306
Change	-	-33.5%	41.08%	12.64%	-11.85%	28.7%	28%	-13.29%	34.66%	-2.7%	-40.45%	9.87%	25.12%	-7.4%	-21.67%	68.6%	6.83%	-11.6%	15.65%	-0.98%	19.62%	-16.66%	3.16%	2.84%	11.23%	3.71%	0%	-0.24%
EBITDA ¹	234.6	90.34	231.5	300.3	234.8	354.4	480.7	411.3	623	587.8	148.6	202.4	353.7	336.9	162.2	415.1	419.7	362.9	460.9	457.7	586.7	429.9	444.4	436.4	401.8	-	-	-
Change	-	-61.49%	156.25%	29.72%	-21.81%	50.94%	35.64%	-14.44%	51.47%	-5.65%	-74.71%	36.15%	74.78%	-4.74%	-51.86%	155.93%	1.1%	-13.54%	27.02%	-0.7%	28.2%	-26.73%	3.38%	-1.82%	-7.93%	-100%	-	-
EBIT ¹	115.3	-47.83	122.1	177.4	158.1	229.6	353	284.1	405.9	459	-16.31	-4.695	126.7	183.5	24.24	165.1	157.1	155.1	252.8	264	499.4	259.9	315.2	343.3	389	433.8	428.6	420.1
Change	-	-	-	45.3%	-10.86%	45.21%	53.75%	-19.51%	42.85%	13.1%	-	-71.21%	-	44.78%	-86.79%	581.27%	-4.83%	-1.27%	62.96%	4.4%	89.18%	-47.95%	21.27%	8.93%	13.32%	11.51%	-1.21%	-1.97%
Charge d'intérêts ¹	-11.51	-16.16	-15.27	-6.785	-8.403	-11.1	-9.078	-10.14	-11.07	-14.97	-17.31	-	-16.66	-12.25	-15.9	-36.21	-34.89	-35.69	-36.31	-39.15	-51	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	113.8	-35.04	98.97	166.9	139.2	224.1	331	296.3	393.6	455.3	0.377	-0.479	142.9	214	41.7	106.8	169.4	109.1	212.9	224.8	454.5	255.2	298.1	299.2	347.1	399.7	394.3	387
Change	-	-	-	68.66%	-16.63%	61.05%	47.71%	-10.51%	32.85%	15.69%	-99.92%	-	-	49.71%	-80.51%	156.05%	58.62%	-35.57%	95.1%	5.58%	102.2%	-43.85%	16.82%	0.37%	16.01%	15.15%	-1.36%	-1.85%
Net income ¹	97	-111.5	38.7	122.4	119.2	135.2	242.6	173.7	228.8	345.1	-52.58	-11.21	145.6	146.6	59.1	-2.964	38.8	13.88	121.6	101.2	239.9	128.9	154	154.6	183.7	207.7	204.2	200
Change	-	-	-	216.28%	-2.62%	13.41%	79.46%	-28.4%	31.72%	50.83%	-	-78.68%	-	0.73%	-59.69%	-	-	-64.22%	775.89%	-16.81%	137.2%	-46.28%	19.5%	0.39%	18.78%	13.06%	-1.66%	-2.07%
Announcement Date	2/20/20	4/29/20	7/29/20	10/28/20	2/19/21	4/28/21	7/28/21	10/27/21	2/17/22	4/27/22	7/27/22	10/26/22	2/22/23	5/3/23	8/2/23	11/1/23	2/21/24	5/1/24	7/30/24	11/6/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Lundin Mining Corporation

balance-sheet-analysis-chart LUNDIN-MINING-CORPORATION

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	58	61.6	-563	10.9	1,217	1,526	1,438	1,350
Change	-	6.21%	-1,013.96%	-98.06%	11,065.14%	25.39%	-5.77%	-6.12%
Announcement Date	2/20/20	2/19/21	2/17/22	2/22/23	2/21/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Lundin Mining Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	665.3	431.2	532.1	842.9	1,013	961.6	1,143	1,347
Change	-	-35.18%	23.39%	58.41%	20.19%	-5.09%	18.89%	17.87%
Free Cash Flow (FCF) ¹	-100.7	134.7	952.9	33.99	3.495	382.9	510.4	396.1
Change	-	-233.68%	607.64%	-96.43%	-89.72%	10,854.83%	33.32%	-22.4%
Announcement Date	2/20/20	2/19/21	2/17/22	2/22/23	2/21/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Lundin Mining Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	37.29%	41.97%	56.16%	42.5%	40.2%	42.59%	44.96%	49.49%
EBIT Margin (%)	16.67%	20.07%	38.23%	18.56%	15.62%	25.15%	29.91%	34.45%
EBT Margin (%)	14.24%	16.73%	37.4%	19.67%	15.68%	21.54%	25.48%	29.76%
Net margin (%)	8.84%	8.27%	23.44%	14.04%	7.12%	9.34%	12.97%	14.94%
FCF margin (%)	-5.32%	6.6%	28.62%	1.12%	0.1%	8.86%	11.5%	8.72%
FCF / Net Income (%)	-60.21%	79.77%	122.11%	7.96%	1.45%	94.92%	88.62%	58.35%
Profitability
ROA	2.6%	2.42%	10.62%	5.4%	2.54%	3.59%	4.36%	5.28%
ROE	4.48%	4.36%	18.53%	9.17%	6.85%	8.45%	11.13%	12.4%
Financial Health
Leverage (Debt/EBITDA)	0.08x	0.07x	-	0.01x	0.89x	0.83x	0.72x	0.6x
Debt / Free cash flow	-0.58x	0.46x	-	0.32x	348.22x	3.99x	2.82x	3.41x
Capital Intensity
CAPEX / Current Assets (%)	35.15%	21.12%	15.98%	27.72%	29.87%	22.26%	25.75%	29.66%
CAPEX / EBITDA (%)	94.27%	50.33%	28.46%	65.21%	74.3%	52.27%	57.28%	59.94%
CAPEX / FCF (%)	-660.47%	320.26%	55.84%	2,480.15%	28,987.61%	251.15%	223.97%	340.18%
Items per share
Cash flow per share ¹	0.7678	0.7696	2.009	1.148	1.315	1.829	1.932	2.103
Change	-	0.23%	160.99%	-42.83%	14.48%	39.13%	5.64%	8.84%
Dividend per Share ¹	0.0905	0.127	0.3072	0.347	0.2665	0.2547	0.2615	0.2737
Change	-	40.31%	141.96%	12.94%	-23.19%	-4.43%	2.69%	4.66%
Book Value Per Share ¹	5.139	5.419	6.048	6.307	6.412	7.051	7.151	7.723
Change	-	5.45%	11.61%	4.28%	1.67%	9.95%	1.42%	8.01%
EPS ¹	0.23	0.23	1.06	0.56	0.31	0.5337	0.7072	0.872
Change	-	0%	360.87%	-47.17%	-44.64%	72.17%	32.49%	23.31%
Nbr of stocks (in thousands)	734,234	736,020	734,987	770,747	773,689	776,898	776,898	776,898
Announcement Date	2/20/20	2/19/21	2/17/22	2/22/23	2/21/24	-	-	-