Molibdenos y Metales S A : Quarterly Reporting Document

MOLIBDENOS Y METALES S.A.

AND SUBSIDIARIES

CONSOLIDATED

FINANCIAL STATEMENTS

AS OF

MARCH 31ST, 2022

In thousands of United States Dollars (THUSD)

MOLIBDENOS Y METALES S.A. AND SUBSIDIARIES

INTERMEDIATE CONSOLIDATED CLASSIFIED FINANCIAL STATEMENST AS OF MARCH 31, 2022 (NOT AUDITED) AND DECEMBER 31, 2021.

(In thousands of United States Dollars)

	ASSETS	03-31-2022	12-31-2021
	THUSD	THUSD
CURRENTS ASSETS
Cash and cash equivalents		116,374	155,170
Other financial assets, current		8,657	1,545
Other non-financial assets, current		22,603	11,223
Trade and other receivables, current		206,780	217,338
Intercompany receivables, current		40	76
Inventories		821,054	786,545
Biological assets, current		800	554
Tax assets, current		6,159	5,506
Total current assets		1,182,467	1,177,957
NON-CURRENT ASSETS
Other financial assets, non-current		12,785	443
Other non-financial assets, non-current		294	275
Trade and other receivables, non-current		148	138
Inventories, non-current		89,740	92,960
Intangible assets		4,589	4,923
Properties, Plant and Equipment		459,967	455,652
Right of use assets		12,865	6,230
Deferred tax assets		7,389	9,324
Total non-current assets		587,777	569,945
TOTAL ASSETS		1,770,244	1,747,902

MOLIBDENOS Y METALES S.A. AND SUBSIDIARIES

INTERMEDIATE CONSOLIDATED CLASSIFIED FINANCIAL ETATEMENTS AS OF MARCH 31, 2022 (NOT AUDITED) AND DECEMBER 31, 2021.

(In thousands of United States Dollars)

EQUITY AND LIABILITIES	03-31-2022	12-31-2021
THUSD	THUSD
CURRENT LIABILITIES
Other financial liabilities, current	302,649	224,573
Lease liabilities, current	2,889	2,002
Account and other payables, current	179,063	197,646
Tax liabilities, current	24,657	18,013
Employee benefit provisions, current	22,535	25,786
Other non-financial liabilities	24,190	13,787
Total Current Liabilities	555,983	481,807
NON-CURRENT LIABILITIES
Other financial liabilities, on-current	288,138	371,804
Lease liabilities, non-current	10,189	3,690
Other provision, non-current	430	474
Deferred tax liabilities	76,110	79,584
Employee Benefit provisions, non-current	19,968	18,815
Total Non-current Liabilities	394,835	474,367
Total Liabilities	950,818	956,174
EQUITY
Share capital	501,952	501,952
Retained earnings	334,872	320,183
Other reserves	(18,817)	(31,734)
Total equity attributable to owners of the parent	818,007	790,401
Total equity attributable to non-controlling interests	1,419	1,327
Total Equity	819,426	791,728
TOTAL EQUITY AND LIABILITIES	1,770,244	1,747,902

MOLIBDENOS Y METALES S.A. AND SUBSIDIARIES

INTERMEDIATE CONSOLIDATED STATEMENT OF NET INCOME AS OF MARCH 31, 2022 AND 2021 (NOT AUDITED).

(In thousands of United States Dollars)

	ACUMULATED
STATEMENT OF PROFIT OF LOSS	01-01-2022	01-01-2021
03-31-2022	03-31-2021
	THUSD	THUSD
Revenue	453,581	294,196
Cost of sales	(397,866)	(240,769)
Gross profit	55,715	53,427
Other income, by function	8,915	813
Distribution costs	(4,272)	(4,101)
Administrative expenses	(17,566)	(13,551)
Other expenses, by function	(1,553)	(1,635)
Other gains (losses)	(573)	(244)
Income from operating activities	40,666	34,709
Financial incomes	123	194
Financial expenses	(5,278)	(3,179)
Foreign exchange differences	409	(175)
Profit before income taxes	35,920	31,549
Income tax expense	(11,089)	(9,338)
Profit for the period from continuing operations	24,831	22,211
Profit of the period	24,831	22,211
Profit attributable to owners of the parent	24,481	21,846
Profit attributable to non-controlling interests	350	365
Profit of the period	24,831	22,211
Earnings (loss) per basic share from continuing operations (USD-share)	0.18	0.16
Earnings (loss) per basic share	0.18	0.16
Earnings (loss) per diluted share from continuing operations (USD-share)	0.18	0.16
Earnings (loss) per basic share	0.18	0.16

MOLIBDENOS Y METALES S.A. AND SUBSIDIARIES

INTERMEDIATE CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME AS OF MARCH 31, 2022 AND 2021 (NOT AUDITED).

(In thousands of United States Dollars)

		ACUMULATED
STATEMENT OF COMPREHENSIVE INCOME	01-01-2022	01-01-2021
31-03-2022	31-03-2021
		THUSD	THUSD
Profit of the period	24,831	22,211
Items not to be reclassified to the statement of income in subsequent periods, before tax:
Other comprehensive income, before taxes, gains (losses) from remeasurements of	(5)	2
defined benefit plans
Other comprehensive income that will not be reclassified to income for the period,	(5)	2
before taxes
Components of other comprehensive income that will be reclassified
to profit for the period, before taxes
Gains (losses) on exchange rate, before taxes	227	46
Other comprehensive income, before taxes, exchange rate on conversion	227	46
Cash flow hedges
Losses (gains) on cash Flow hedges, before tax	17,603	(301)
Other comprehensive income, before tax, cash flow hedges	17,603	(301)
Other comprehensive income that will be reclassified to profit of loss, before tax	17,830	(255)
Other components of other comprehensive income, before tax	17,825	(253)
Income tax related to components of other comprehensive income that will not be
reclassified to the period income
Income tax related to new measurements of benefit plans of other comprehensive	2	-
income
Income tax related to components of other comprehensive income that will not be	2	-
reclassified to the period income
Income tax related to components of another comprehensive income that will
reclassified to the period income
Income tax related to cash flow hedges pf other comprehensive income	(4,910)	81
Income tax related to components of other comprehensive income that are	(4,910)	81
reclassified to profit for the period
Total other comprehensive income	12,917	(172)
Total comprehensive income	37,748	22,039
Comprehensive income attributable to
Comprehensive income, attributable to owners of the parent	37,398	21,674
Comprehensive income, attributable to non-controlling interests	350	365
Total comprehensive income		37,748	22,039