Company Overview - Nexa Resources S.A. reported a total of 132,438,611 common shares outstanding as of December 31, 2022[3]. - The company is classified as an accelerated filer under the Securities Exchange Act of 1934[4]. - Nexa Resources S.A. has filed all required reports during the preceding 12 months, indicating compliance with regulatory obligations[4]. - The financial statements are prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board[4]. - The company has not indicated any error corrections or restatements in its financial statements[4]. - There is no indication that Nexa Resources S.A. is a shell company as defined by the Exchange Act[5]. - The company is incorporated in the Grand Duchy of Luxembourg[2]. Financial Performance - The company reported a revenue of $5.2 billion for the last quarter, representing a 15% year-over-year increase[1]. - Nexa Resources S.A. reported a significant increase in revenue, reaching $1.5 billion for the fiscal year 2022, representing a 15% year-over-year growth[20]. - The company achieved an EBITDA of $600 million, with an EBITDA margin of 40%, indicating strong operational efficiency[20]. - Nexa Resources reported a net income of $200 million for 2022, reflecting a 20% increase from the previous year[20]. - Shareholder returns were strong, with a dividend increase of 5% announced, reflecting the company's robust financial health[10]. Production and Operations - Zinc production totaled 200,000 tons in 2022, a 10% increase compared to the previous year, driven by improved mining operations[20]. - The Aripuanã mine commenced sales of concentrates in Q4 2022, contributing to the overall production growth[20]. - The company achieved a production of 606.9 thousand tonnes of zinc metal and oxide available for sale in 2022, along with by-products including sulfuric acid and silver concentrate[145]. - In 2022, the company produced 296.4 thousand tonnes of zinc contained in concentrates, 33.2 thousand tonnes of copper, 57.4 thousand tonnes of lead, 9,974.5 thousand ounces of silver, and 27.2 thousand ounces of gold, totaling 495.7 thousand tonnes of metal on a zinc equivalent basis[143]. - The company’s mining operations in Peru saw a 12.1% increase in zinc production compared to 2021, despite temporary suspensions due to local community blockades[142]. Strategic Initiatives - The company provided guidance for the next quarter, expecting revenue between $5.5 billion and $5.7 billion, indicating a potential growth of 6% to 9%[3]. - New product launches contributed to a 20% increase in sales, with the latest product line accounting for $1 billion in revenue[4]. - The company is investing $300 million in research and development for new technologies aimed at enhancing user experience[5]. - Market expansion efforts have led to a 25% increase in international sales, particularly in the Asia-Pacific region[6]. - The company announced a strategic acquisition of a smaller tech firm for $200 million to enhance its product offerings[7]. Risks and Challenges - The mining industry is subject to inherent risks, including underground hazards and geotechnical challenges, which could adversely affect operations and financial position[48][51]. - Future declines in metal prices could lead to curtailing operations or modifying growth strategies, impacting overall financial performance[41]. - The company faces competition from other mining and processing companies, which could impact costs, productivity, and competitiveness[46]. - The ongoing geopolitical tensions and economic conditions may continue to create volatility in metal prices and demand for Nexa Resources' products[40]. - The company is exposed to political, economic, and social risks in countries like Peru and Brazil, which could adversely affect financial performance and operational stability[109]. Environmental, Social, and Governance (ESG) Initiatives - The company is focusing on sustainability initiatives, with a commitment to reduce carbon emissions by 30% over the next five years[9]. - Nexa Resources is committed to improving its ESG practices, with plans to reduce greenhouse gas emissions by 25% by 2025[20]. - The company updated its long-term ESG targets in October 2022, focusing on reducing its carbon footprint and promoting diversity in the workplace[149]. Capital Expenditures and Investments - Nexa Resources plans to invest $300 million in capital expenditures for 2023, focusing on expanding mining operations and enhancing production capacity[20]. - In 2022, the company invested $381.2 million in capital expenditures, with $112.5 million allocated to the Aripuanã expansion and sustaining investments[82]. - The company must continuously invest capital to maintain and expand operations, with reliance on operating cash flows to support these expenditures[82]. Market Conditions - In 2022, global demand for metals continued to recover, but international market prices remained volatile due to macroeconomic conditions, including the Russia-Ukraine conflict and high inflation[39]. - In 2022, Chinese demand accounted for 49% of global zinc demand and 54% of global copper demand, indicating significant reliance on the Chinese market[45]. - The company is exposed to financial risks due to currency exchange rate fluctuations, as revenues are primarily in U.S. dollars while operating costs are in reais and soles[77]. Legal and Regulatory Compliance - The company is subject to regulatory changes that could increase the time and costs associated with building and operating tailings dams, particularly following incidents in Brazil[55]. - The company is subject to anti-corruption and anti-bribery laws across multiple jurisdictions, with potential violations posing risks to reputation and financial position[121]. - Noncompliance with data privacy regulations such as GDPR, LGPD, and LPDP could result in fines, penalties, and damage to the company's reputation[75].

Nexa Resources S.A. (NYSE:NEXA) Q4 2022 Results Conference Call February 16, 2023 8:30 AM ET Company Participants Roberta Varella - Head of Investor Relations Ignacio Rosado - President, Chief Executive Officer Jose Carlos del Valle - Chief Financial Officer Conference Call Participants Jens Spiess - Morgan Stanley Operator Good morning everyone and welcome to Nexa Resources Fourth Quarter and Full-year 2022 Conference Call. All participants will be in listen-only mode. [Operator Instructions] This event is ...

Nexa Resources S.A. (NYSE:NEXA) Q3 2022 Earnings Conference Call October 28, 2022 9:00 AM ET Company Participants Roberta Varella - Head of IR Ignacio Rosado - CEO Jos?? Carlos del Valle - CFO Conference Call Participants Lawson Winder - Bank of America Carlos De Alba - Morgan Stanley Operator Good morning and welcome to Nexa Resources Third Quarter 2022 Conference Call. All participants will be in listen-only mode. [Operator Instructions] This event is being recorded and is also being broadcast via webcast ...

Nexa Reports Third Quarter 2022 Results including Adjusted EBITDA of US$103 Million Luxembourg, October 27, 2022 – Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") announces today its results for the three and nine months ended September 30, 2022. CEO Message – Ignacio Rosado "Market expectations for a global recession driven by rising inflation resulted in aggressive monetary policy tightening, increasing commodity price volatility, and which has put base metal prices under significant pressure ...

Nexa Resources S.A. (NYSE:NEXA) Q2 2022 Earnings Conference Call July 29, 2022 9:00 AM ET Company Participants Roberta Varella - Head, IR Ignacio Rosado - CEO Claudia Torres - Interim CFO Leonardo Coelho - SVP of Mining Conference Call Participants Jens Spiess - Morgan Stanley Lawson Winder - Bank of America Orest Wowkodaw - Scotiabank Operator Good morning, everyone, and welcome to the Nexa Resources Second Quarter 2022 Conference Call. [Operator Instructions] This event is being recorded and is also being ...

Nexa Reports Second Quarter 2022 Results including Adjusted EBITDA of US$286 Million Luxembourg, July 28, 2022 – Nexa Resources S.A. ("Nexa Resources", "Nexa", or "Company") announces today its results for the three and six months ended June 30, 2022. CEO Message – Ignacio Rosado "We delivered strong results across the Company and recorded the highest quarterly Adjusted EBITDA in our history. We would like to thank our teams for the hard work in safely improving our performance and mitigating inflationary c ...

Nexa Resources S.A. (NYSE:NEXA) Q1 2022 Earnings Conference Call April 29, 2022 11:00 AM ET Company Participants Roberta Varella - Head, IR Ignacio Rosado - CEO Rodrigo Menck - CFO Leonardo Coelho - SVP of Mining Conference Call Participants Carlos De Alba - Morgan Stanley Orest Wowkodaw - Scotia Bank Alex Hacking - Citi Jacky Przybylowski - BMO Capital Herman Kisluk - MetLife Lawson Winder - Bank of America Operator Good morning, and welcome to Nexa Resources First Quarter 2022 Conference Call. [Operator I ...

From the world of mining to the world of people nexa 1Q22 Results April 29, 2022 EXA NYSE Disclaimer Important information concerning this presentation This presentation, prepared by Nexa Resources S.A. (herein referred to as the "Company" or "Nexa"), is solely for informational purposes. Disclosure of this presentation, its contents, extracts or abstracts to third parties is not authorized without express and prior written consent from the Company. Certain statements disclosed herein are "forward-looking s ...

Financial Performance - Nexa reported net revenues of US$722 million in Q1 2022, a 20% increase from US$603 million in Q1 2021[5]. - Adjusted EBITDA reached a record US$208 million in Q1 2022, up 15.6% from US$180 million in Q1 2021[14]. - Adjusted net income was US$94 million in Q1 2022, compared to US$32 million in Q1 2021, resulting in adjusted EPS of US$0.62[14]. - In Q1 2022, net revenues reached $722 million, a 20% increase year-over-year, driven by higher LME prices, despite lower volumes[44]. - Adjusted EBITDA for Q1 2022 was $208 million, up from $180 million in Q1 2021, primarily due to a $74 million increase from higher LME metal prices[50]. - The company recorded a gross profit of US$128.7 million in Q1 2022, reflecting a 44.1% increase from US$89.3 million in Q1 2021[112]. - Net revenues for 1Q22 were US$561.7 million, a 19.9% increase compared to US$468.3 million in 1Q21, primarily driven by higher LME prices[156]. Production and Sales - Zinc production decreased to 66.3kt in Q1 2022, down from 77.4kt in Q1 2021, due to lower grades and temporary capacity reduction[10]. - In Q1 2022, the cost of sales amounted to $525 million, a 22% increase year-over-year, mainly due to higher metal prices and inflationary pressures[45]. - Treated ore volume in 1Q22 was 2,753kt, a 7% decrease from 1Q21 and a 12% decrease from 4Q21, with production declines noted across several mines[63]. - Zinc production at Atacocha increased by 97% year-over-year to 2.4kt, with an average grade of 1.00%[89]. - Zinc production at Vazante decreased by 28% year-over-year to 24.9kt, impacted by heavy rainfall and flooding[97]. - In 1Q22, zinc metal production at Cajamarquilla was 76.7kt, down 9% from 4Q21 and 7% from 1Q21, while zinc metal sales were 74.3kt, a decrease of 17% from 4Q21 and 4% year-over-year[129][132]. Costs and Expenses - Total cash decreased to US$599 million as of March 31, 2022, primarily due to early redemption of debt and continued investments[19]. - Free cash flow in Q1 2022 was negative US$168 million, impacted by working capital changes and higher LME prices[19]. - Cost of sales increased by 30% in 1Q22, totaling US$502.9 million compared to US$386.7 million in 1Q21, mainly due to higher metal prices and operating costs[158]. - Cash cost net of by-products increased to US$1.26/lb in 1Q22, up 26.5% from US$0.99/lb in 1Q21, driven by higher LME prices and operating costs[170]. - Cash cost net of by-products for Cajamarquilla in 1Q22 was US$1.12/lb, up from US$1.01/lb in 1Q21, but down 15% from 4Q21[135]. Capital Expenditures and Investments - Total planned capital expenditures (CAPEX) for 2022 are projected at $385 million, with $83 million spent in Q1 2022, of which 35% was allocated to expansion projects[26]. - Sustaining capital expenditures in 1Q22 amounted to US$7.3 million, focused on mine development and infrastructure[76]. - The company expects production to improve in 2Q22 compared to 1Q22, despite scheduled maintenance in early April[137][149]. - The company is evaluating its capital allocation strategy and potential partnerships for growth projects, including the Magistral project[192]. Market Conditions and Outlook - The average LME prices for zinc, copper, and lead increased by 37%, 18%, and 16%, respectively, compared to the same period in 2021[44]. - Zinc prices were supported by limited supply, with record metal spot premiums reaching US$450/t in NW Europe and US$570/t in the U.S.[199]. - The company expects treated ore volume to increase in upcoming quarters, despite a projected lower zinc ore grade, maintaining 2022 production guidance[76]. - In China, demand for zinc in 1Q22 was seasonally low, with economic growth at 4.8% year-over-year due to COVID-19 outbreaks[200]. Projects and Exploration - The Aripuanã project is on track for commercial production to begin in Q3 2022, with cumulative CAPEX of US$593 million invested to date[19]. - The Aripuanã project achieved 100% physical progress by the end of Q1 2022, with commercial production expected in Q3 2022[32]. - The company plans to drill 1,600 meters in 2Q22 to test the Hilarión West and San Martin Targets for resource expansion[194]. - The Hilarión project is in the exploration stage, focusing on geological mapping and revision of recent findings in 1Q22[194]. - The Magistral project is in FEL 3 stage, with the mEIA amendment application admitted by SENACE in 1Q22[194].

Mineral Reserves and Resources - As of December 31, 2021, Proven and Probable Mineral Reserves estimates amounted to 97.0 million tonnes containing 5,146kt of zinc equivalent, a decrease from 106.1 million tonnes containing 5,584kt of zinc equivalent as of December 31, 2020, primarily due to mining production depletion[5]. - The Proven and Probable Mineral Reserves at Cerro Lindo were estimated to total 44.0Mt at 1.43% Zn, a 15% decrease from 52.1Mt at 1.44% Zn as of December 31, 2020[8]. - The Proven and Probable Mineral Reserves at El Porvenir increased by 10% to 15.91Mt at 3.57% Zn, mainly due to an infill drilling campaign[8]. - The Proven and Probable Mineral Reserves at Vazante were estimated to total 15.91Mt at 8.77% Zn, down 5% from 16.7Mt at 8.61% Zn as of December 31, 2020, due to mining production depletion[8]. - The Proven and Probable Mineral Reserves at the Aripuanã project decreased by 7% to 21.8Mt at 3.61% Zn, attributed to revisions in stope design and economic parameters[8]. - The estimated Measured and Indicated Mineral Resources at year-end 2021 were 6,157kt of contained zinc equivalent, down from 6,538kt at the end of 2020, reflecting a net decrease of -387kt[10]. - Inferred Mineral Resources increased to 10,095kt of contained zinc equivalent at year-end 2021, up from 9,735kt at the end of 2020, with notable additions from exploration drilling[10]. - At Cerro Lindo, the total measured and indicated Mineral Resources amount to 7.44 Mt with an average zinc grade of 1.50%[24]. - At El Porvenir, the total measured and indicated Mineral Resources amount to 3.68 Mt with an average zinc grade of 2.91%[24]. - At Vazante, the total measured and indicated Mineral Resources amount to 5.28 Mt with an average zinc grade of 4.68%[24]. - Atacocha's total measured and indicated Mineral Resources amount to 8.17 Mt with an average zinc grade of 4.48%[24]. - The total contained metal across all projects includes 2,994.5 kt of zinc, 16.4 kt of copper, and 75,674 koz of silver[26]. - The Aripuana project has a total of 3.24 million tonnes in measured and indicated resources, with an average zinc grade of 2.13%[26]. - The Hilarion project has measured resources of 24.73 million tonnes with an average zinc grade of 3.43%[26]. - The Florida Canyon project has a total of 2.44 million tonnes in measured and indicated resources, with an average grade of 10.63% zinc[26]. - The effective date for the mineral resources estimation is December 31, 2021, for most projects[30]. - All Mineral Reserve and Mineral Resource estimates are prepared in accordance with the CIM Definition Standards[39]. Exploration and Drilling Programs - The 2022 drilling program aims to extend known ore bodies and investigate new mineralized zones, with a total of 39,000 meters planned at Cerro Lindo and 19,000 meters at El Porvenir[12]. - Nexa's exploration strategy for 2022 will focus on Mineral Resource expansion through brownfield and infill drilling, with approximately 40% of the program in Brazil and 52% in Peru[11]. - The exploration program in 2021 was limited by COVID-19 protocols, impacting the ability to replace Mineral Reserves, but positive results were achieved in identifying new ore bodies[3]. Economic and Financial Aspects - At Cerro Lindo, Mineral Reserves are estimated at an NSR break-even cut-off value of US$38.73/t processed, with some incremental material valued between US$29.13/t and US$38.84/t included[20]. - At El Porvenir, Mineral Reserves are estimated at NSR cut-off values ranging from US$57.63/t to US$62.19/t depending on the zone and mining method[20]. - At Vazante, Mineral Reserves are estimated at a cut-off grade of 4% Zn[20]. - At Aripuanã, Mineral Reserves are estimated at an NSR break-even cut-off value of US$47.91/t processed, with some incremental material valued between US$39.79/t and US$47.91/t included[20]. - Forecast long-term metal prices for the Aripuanã project are Zn: US$2,722.20/t, Pb: US$1,997.21/t, Cu: US$7,228.26/t, Ag: US$19.68/oz, and Au: US$1,454.12/oz[21]. - The exchange rate for Vazante, Brazil is R$/US$ rate of 4.98[21]. - Forecast long-term metal prices for copper are estimated at US$8,383 per tonne[33]. Company Overview and Strategy - Nexa is a large-scale, low-cost integrated zinc producer with over 60 years of experience in mining and smelting assets in Latin America[38]. - The company operates five long-life underground mines and is developing the Aripuanã Project as its sixth underground mine in Brazil[38]. - Nexa was among the top five producers of mined zinc globally in 2021, according to Wood Mackenzie[38]. - Nexa's operational strategy includes a focus on cost management and efficiency improvements across its mining operations[38]. Forward-Looking Statements - Forward-looking statements include estimates regarding future zinc prices, mining production, and financial liquidity[46]. - The company assumes no obligation to update forward-looking statements except as required under securities laws[48]. Mineral Reserves Viability - There are no Mineral Reserves at Atacocha u/g and o/p, Morro Agudo, Shalipayco, Magistral, Hilarión, Pukaqaqa, Florida Canyon, and Caçapava do Sul projects[35]. - Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability[35].