Fresnillo Results Presentation Deck

2021 PRELIMINARY RESULTS - FINANCIAL PERFORMANCE HIGHLIGHTS GROSS PROFIT (US$) 936.9M +6.5% OPERATING PROFIT (US$) 666.7M + 2.6% EBITDA (US$) 1,206.3M +3.2% PROFIT FOR THE PERIOD (US$) 438.5M +16.8% ADJUSTED EPS* (US CENTS PER SHARE) 57.2us¢ per share +30.0% POSITIVE FREE CASH FLOW (US$) 269.5M CASH ON HAND AT 31 DECEMBER 2021 (US$) 1,235.3M FINAL DIVIDEND (US CENTS PER SHARE) 24.0usc per share EQUIVALENT TO US$176.9M FINANCIAL HIGHLIGHTS ● ● ● Adjusted revenue of US$2,847.9m, up 9.2% over 2020 primarily due to a higher silver price Adjusted production costs increased mainly as a result of a 9.6% cost inflation combined with the 5.6% average revaluation of the Mexican peso vs. US dollar Gross profit rose year-on-year by 6.5% to US$936.9m due to higher realised silver, lead and zinc prices and from processing development ore from Juanicipio EBITDA of US$1,206.3m, up 3.2% and an EBITDA margin of 44.6% ● ● ● Cash generated from operations, before changes in working capital, of US$1,208.3m, up 3.4% 10 Maintained a strong balance sheet with cash and other liquid funds as at 31 December 2021 of US$1,235.3m Invested US$592.1 million in capex and US$130.3 million on exploration expenses to underpin our future growth Final dividend of US$176.9m (24.0 US cents per share) Payout ratio of ~50% after adjustments, in line with our stated dividend policy * Prior to Silverstream valuation effects Free cash flow calculated as net cash from operating activities plus Silverstream contract, proceeds from the sale of PPE and the layback agreement, less purchase of PPE, capital contributions and financial expenses & foreign exchange effects. Adjusted production costs are calculated as cost of sales less depreciation, profit sharing, hedging, change in inventories and unproductive costs

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