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 85% 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, growth, and diversification

• Holds a global portfolio of 23 operating mines and 25 development projects, with cornerstone assets in Brazil, Peru, Mexico, Canada, Côte d'Ivoire, and South Africa.

• 99% of 2026 forecasted revenue is from precious metals, with 85% from assets in the lowest half of cost curves and a 27-year proven and probable reserve mine life.

• Forecasts >11% production growth from 2025 to 2026, targeting 1.2 million gold equivalent ounces (GEOs) by 2030 and maintaining that level through 2035.

• Recent $4.3 billion Antamina-BHP silver stream acquisition is the largest in the sector, expected to drive further diversification and growth.

Financial strength and shareholder returns

• Forecasts over $3.2 billion in annual cash flow at spot commodity prices in 2026, with strong liquidity and $1.6 billion available under a revolving credit facility.

• Progressive dividend policy, with $2.6 billion declared since inception and a record annual dividend of 6.5% in 2025.

• Returned 25% of 2024 cash flow to shareholders via dividends, leading the industry.