Nexa Resources S.A.(NEXA) - 2024 Q4 - Earnings Call Transcript

Financial Data and Key Metrics Changes - In Q4 2024, adjusted EBITDA reached $197 million, a 79$110 million in the same period last year [9] - For the full year, adjusted EBITDA totaled $714 million, marking a significant 76$741 million, an 18% increase year-over-year [11] - The net leverage ratio improved from 2.2 times in Q3 to 1.7 times [8][50] Business Line Data and Key Metrics Changes - Zinc production in Q4 2024 was 74,000 tons, down 19% year-over-year, primarily due to lower output at Cerro Lindo [16] - Lead and silver production increased by 2% and 1% respectively, driven by higher grades [11] - Smelting segment sales in Q4 reached 152,000 tons, a 6% increase year-over-year [21] - Consolidated smelting cost in Q4 was $1.26 per pound, up from$1.00 per pound in the same period last year [23] Market Data and Key Metrics Changes - The LME zinc price averaged $3,050 per ton in Q4, a 22$9,193 per ton, up 13% from Q4 2023 [55] - The LME silver price averaged $31 per ounce in Q4, up 35$140 million, with $85 million for the tailings pumping system [68][69] Question: Do you expect Aripuanã to have positive EBITDA in 2025? - Yes, Aripuanã is expected to have positive EBITDA in 2025, higher than in 2024 due to increased production and lower costs [80][82] Question: Can you clarify the new dividend policy? - The new policy includes a minimum payment of eight cents per share and 20$316 million [93] Question: What is the status of the Magistral project? - The Magistral project is still of interest, but it faces competition from other projects and is currently in negotiations with government authorities [111][113]