Triple Flag Precious Metals (TFPM) Investor presentation summary

Strategic overview and value creation

• Achieved a $6.7B market cap with 242 assets, including 36 producing streams and royalties, and a focus on Australia and the Americas.

• Delivered 41% CAGR in operating cash flow per share and 30% CAGR in cash flow per share since IPO.

• Returned $265M to shareholders via dividends and buybacks since IPO, with annual dividend increases since 2021.

• Maintains strong insider alignment with ~$120M management and board ownership.

• Sector-leading IRRs and cash flow yields, with a 12.8% time-adjusted IRR and 6.7% projected 2030E CFPS yield.

Portfolio and growth pipeline

• Portfolio is 94% precious metals by NAV, with 80% exposure to Australia and the Americas.

• 50% projected GEOs growth by 2030E, driven by cornerstone assets like Northparkes, Ravenswood, Arthur, and Hope Bay.

• $900M deployed in 7 transactions since 2025, targeting high-quality, long-life assets.

• Growth pipeline includes expansions, advanced development projects, and significant exploration optionality.

• Key development milestones achieved at Northparkes, Ravenswood, Arthur, and Hope Bay, supporting robust long-term growth.

Asset highlights

• Northparkes: 54% gold/80% silver stream, 30+ year reserve replacement, and major expansion projects underway.

• Ravenswood: 5.5% gold stream, Queensland's largest gold mine, multi-decade production, and significant exploration upside.

• Arthur: 1.0% NSR royalty on a Tier 1 Nevada gold project, expected to anchor the portfolio into the 2050s.

• Hope Bay: 1.0% NSR royalty, large-scale resource in Nunavut, initial production targeted for 2030, with multi-decade camp potential.