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 and growth optionality, with 80% of production from high-margin, low-cost mines.

• Progressive dividend policy and sector-leading sustainability ratings reinforce commitment to shareholder returns and ESG excellence.

Portfolio and growth profile

• Holds a global portfolio of 22 operating mines and 28 development projects, with cornerstone assets in Brazil, Peru, Mexico, Canada, Côte d'Ivoire, and South Africa.

• Forecasts ~50% organic growth in gold equivalent ounces (GEOs) by 2030, reaching 1.2 million GEOs annually and maintaining this level through 2035.

• Recent $4.3B Antamina-BHP streaming deal and $1.3B in additional investments in 2025-2026 drive future production and diversification.

Financial strength and cost structure

• Predictable, contractually defined costs per ounce shield from inflation, supporting high margins and cost stability.

• Forecasts ~$10B in operating cash flow from 2026-2028 at base case commodity prices, with strong liquidity and a conservative net debt/EBITDA ratio of ~0.7x.

• Cash operating margins and dividend per share have steadily increased, with an 18% dividend hike in 2026 and $2.7B returned to shareholders since inception.