Wheaton Precious Metals (WPM) Corporate presentation summary

Strategic vision and stakeholder value

• Aims to be the premier global precious metals investment vehicle, delivering value through streaming to shareholders, partners, and communities.

• Provides low-risk, high-quality, diversified exposure and growth optionality for investors.

• Unlocks value for mining partners by crystallizing future precious metals production.

• Promotes responsible mining and supports local communities.

Streaming model and financial advantages

• 93% of production comes from high-margin mines in the lowest half of cost curves.

• Contractually defined costs per ounce protect against inflation and ensure cost predictability.

• Progressive dividend policy with an increase to the 2024 annual dividend.

• Investors benefit from commodity price leverage and exploration upside at no additional cost.

• Development projects could add ~200,000 GEOs per year as optionality.

Growth, sustainability, and diversity

• 93% of production from assets in the lowest half of the cost curve; 28 years of mine life based on reserves.

• Estimated 40% organic growth over five years from key assets and new projects.

• Eight new investments in 2023 with over $1 billion committed upfront.

• Sector-leading sustainability ratings and a diverse board (50% diverse backgrounds).

• Strong balance sheet with $540 million in cash and $2 billion undrawn credit.