Vox Royalty (VOXR) Corporate presentation summary

Strategic positioning and business model

• Operates a global mining royalty and streaming portfolio with a focus on precious metals, especially gold, and a diversified asset base across Australia, North America, and other jurisdictions.

• Maintains a capital-light, data-driven approach leveraging a proprietary database of over 8,500 royalties and a global network of deal sourcing agents.

• Trades at a discount to peers, with a strong balance sheet, zero debt, and a $75M undrawn credit facility for future acquisitions.

• Portfolio includes 70+ royalties and streams, with 10 producing assets and significant growth potential from 27 development and 42 exploration-stage assets.

Financial performance and guidance

• Achieved record Q1 2026 receipts of $16.0M, net income of $24.5M, and operating cash flow of $15.2M.

• Upgraded 2026 receipts guidance to $32M–$37M, representing ~100% growth from 2025.

• Provided a 2030 outlook with an estimated $66M in receipts, indicating ~300% organic growth from 2025 to 2030.

• Demonstrates industry-leading return on invested capital (28% in 2026F) and strong per-share cash flow growth (+120% operating cash flow per share growth).

Portfolio optimization and returns

• Executed portfolio optimization through strategic asset sales, such as the Federation royalty (16x return in 4 months) and i-80 stream divestment (2x carrying value in less than a year).

• Several royalties have achieved full payback, with notable returns on assets like Kookynie (14x), Graphmada (11x), and Segilola (5x).

• Bonikro mine life extended to 2036, with potential deliveries of 50–60,000oz gold per year under an uncapped 50% gold offtake stream.

• Los Filos mine secured 20-year land access agreements, de-risking a phased restart and supporting future deliveries.