Wheaton Precious Metals (WPM) Corporate presentation summary

Strategic vision and business model

• Aims to be the world's premier precious metals investment vehicle, delivering value through streaming to all stakeholders including shareholders, mining partners, and local communities.

• Streaming model provides low-risk, long-term, diversified exposure with high-quality assets and predictable costs, shielding from inflationary pressures.

• 80% of production comes from high-margin mines in the lowest half of their cost curves, with a 23-year reserve mine life.

• Portfolio includes 22 operating mines and 20 development projects across 19 countries, partnering with 38 companies.

Financial performance and growth outlook

• Forecasts ~12% production growth from 2025 to 2026, with a pathway to 1.2 million gold equivalent ounces (GEOs) by 2030, representing ~50% growth.

• Average annual cash flow projected at ~$3 billion from 2026-2030 at spot prices, with $2.6 billion in available liquidity.

• Net debt position of $1.9 billion as of June 2026, with a conservative leverage ratio of ~0.6x net debt/EBITDA.

• Progressive dividend policy, with an 18% increase in 2026 and $2.8 billion declared in dividends since inception.

Portfolio quality and diversification

• 99% of forecasted revenue (2026-2030) is from precious metals, with significant exposure to both gold and silver.

• Asset base is highly diversified by geography and commodity, with major cornerstone assets in Brazil, Peru, Mexico, Canada, and Côte d'Ivoire.

• Recent accretive acquisitions include the Jervois gold and silver stream in Australia and an additional silver stream on Antamina in Peru.