Triple Flag Precious Metals (TFPM) Corporate presentation summary

Shareholder value and financial profile

• Market cap $6.3B as of Oct. 8, 2026; annualized dividend $0.24/share, increased annually since the 2021 IPO, alongside an active buyback program.

• 2026E GEO guidance 100–110 koz; 2030E outlook 150–160 koz, representing ~50% growth from a diversified asset base.

• Available liquidity $1.1B, including $15M cash and an undrawn revolving credit facility; insider ownership valued at ~$120M.

• LTM operating cash flow $395M and CFPS $1.92; operating cash flow and CFPS CAGRs of 41% and 30%, respectively, across the periods shown.

• Analyst consensus NAVPS reached $24.70, a 26% CAGR across the periods shown; $265M returned through dividends and buybacks since IPO to June 30, 2026.

Portfolio and capital allocation

• Portfolio includes 242 assets: 38 producing, 49 in development and 155 in exploration or other stages, as of Sept. 30, 2026.

• Consensus NAV comprises 94% precious metals and 80% exposure to the Americas and Australia; Northparkes represents 24% of asset NAV.

• Deployed $900M across seven transactions since 2025, including the $440M Ravenswood stream, $256M Arthur royalty and $84M Northparkes E44 stream.

• Asset NAV of $5.2B compares with $6.3B market cap in Oct. 2026; LTM operating cash flow was $395M.

• Management and the board hold substantial ownership, valued at ~$120M; stated capital-allocation priorities include dividend growth and reinvestment in streams and royalties.

Growth outlook and catalysts

• 2026–2030E GEO growth is presented as ~50%; growth mix is 35% producing, 30% financed, 25% construction and 10% permitted or advanced study.

• Near-term catalysts include Northparkes E48 ramp-up, Ravenswood higher-grade pit ramp-up, Arcata restart, Koné hard-rock commissioning targeted for Q2 2027 and JCM commercial production declared in Sept. 2026.

• Eskay Creek construction was 70% complete in Aug. 2026, with initial production targeted in 2027; Era Dorada construction is advancing toward initial production in 2028.

• Hope Bay construction decision was announced in May 2026, with initial production targeted in 2030; Kemess targets initial production in 2031 and Northparkes E22 from the end of Evolution’s FY2030.

• Beyond 2030, Northparkes E44, Hope Bay, Kemess and Arthur provide further growth potential; Arthur’s PFS is expected in 2027, with initial production targeted in 2033.