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.

• Partnerships with a wide range of mining companies enable non-dilutive funding and value creation for both parties.

• Strong focus on responsible mining practices and community investment, with sustainability strategy aligned to UN SDGs.

Portfolio, growth, and diversification

• Global portfolio includes 22 operating mines and 20 development projects, with cornerstone assets in Brazil, Peru, Mexico, Canada, Côte d'Ivoire, and South Africa.

• 99% of forecasted revenue (2026-2030) is from precious metals, with 80% from assets in the lowest half of cost curves and a 23-year reserve mine life.

• Production guidance targets ~12% growth from 2025 to 2026, with a pathway to 1.2 million gold equivalent ounces (GEOs) by 2030 and stable output through 2035.

• Portfolio diversification is expected to increase by 2030, reducing concentration risk and enhancing exposure to new assets.

• Exploration and inferred conversion have replaced over 80% of metal mined since inception, supporting ongoing organic growth.

Financial performance and capital structure

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

• Net debt position of $1.9 billion as of June 30, 2026, with a low leverage ratio (~0.6x net debt/EBITDA) and robust cash flow generation.

• Cash operating margins remain high and predictable, insulated from inflationary pressures due to contractually defined costs.

• $2.8 billion declared in dividends since inception, with an 18% increase to the annual dividend in 2026.

• Consistently outperformed gold, silver, and major mining indices on a rolling multi-year return basis.