De-leveraging

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Metals Acquisition (MTAL) - 2024 FY - Earnings Call Presentation
2025-06-27 08:25
Company Performance & Strategy - MAC aims to become a +50 ktpa copper producer by 2026[10] - The company has repaid approximately US$168 million in interest-bearing liabilities since acquiring CSA on June 16, 2023[58] - Q3 2024 copper production reached 10,159 tonnes at 4% Cu[58] - The company is on track to meet its full-year 2024 production guidance of 38-43 kt[58] - The company's strategy includes delivering operationally at CSA, executing on an organic growth plan for +50ktpa within two years, and continuing to de-lever and improve the balance sheet[97] Financial Highlights - The company's enterprise value is approximately US$1.3 billion[57] - Pro-Forma Liquidity is approximately US$226 million[58] - The company achieved a 50% Underlying EBITDA Margin in 1H24[58] - The company's Q3 2024 C1 Cash Costs were US$1.90/lb, a 6% decrease compared to Q2 2024[58] CSA Copper Mine - Current copper reserves base is +102% larger than 2015 despite c362kt Cu produced[85]