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 83% of production from high-margin, low-cost mines.

• Contractually defined costs per ounce protect against inflation, and the progressive dividend policy supports shareholder returns.

• Portfolio includes 20 operating mines and 26 development projects globally, with cornerstone assets in Brazil, Peru, Mexico, Canada, and South Africa.

Financial strength and growth profile

• Holds $1.0 billion in cash and $2.5 billion in available credit as of June 30, 2025, supporting future growth.

• Forecasts ~40% organic production growth by 2029, reaching 870,000 gold equivalent ounces (GEOs), and averaging 950,000 GEOs annually from 2030-2034.

• Maintains predictable, low cash costs per ounce, resulting in high operating margins and strong leverage to commodity price increases.

• Over $11.1 billion invested in streams to date, generating $12.1 billion in cash flow and $2.5 billion in dividends.

Portfolio quality and diversification

• 99% of 2025 forecasted revenue is from precious metals, with significant silver exposure and no capital or operating cost exposure.

• Portfolio mine life based on proven and probable reserves is 27 years, with high-quality assets and exploration upside.

• Revenue is geographically diversified across Brazil, Mexico, Peru, Canada, Europe, and other regions.