Empress Royalty Corp · TSXV:EMPR
Empress Royalty — Investor Presentation (March 2025)
23 slides from Empress Royalty's investor presentation, March 2025
Slide 1: Corporate Presentation March 2025
TSXV | EMPR OT CQ X | EM P YF STRATEG IC APPROACH TO INVE STIN G IN G OLD & SILVER CORPORATE PRESENTATION M ARCH 2025
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS C AU TIO NA RY N OTE This Presentation contains or incorporates by reference "forward-looking statements" or "forward-looking or results to differ from those expressed or implied by the forward-looking statements. Forward-looking information" within the meaning of applicab
Slide 3: Empress Snapshot
EMPRESS SNAPSHOT H IGH G ROW TH G OLD & S ILVER INV ESTMENT COM PANY 100% Gold & Silver 4 Key Assets US$8M Revenue Pure gold & silver revenue from Globally diversified portfolio of Achieved record revenue and positive royalties and streaming investments revenue generating investments operational cas
Slide 4: The Case for Gold & Silver
THE CASE FOR GOLD & SILVER INV ESTING IN S AFE HAVEN AS S ETS Wealth Protection and Inflation Hedge Gold has a long history as an inflation hedge, preserving value as currencies decline. In today's inflationary climate, it’s a reliable safeguard against devaluation. Safe-Haven Asset in Times of Geop
Slide 5: Outperforming Gold
OUTPERFORMING GOLD TH E POW ER O F ROYALTY & S TREAM INV ES TM ENTS S U PE R IO R R ET U RNS TO BO TH G OLD & MIN ER S E TF *Royalty Index: average of Wheaton Precious Metals, Royal Gold, Franco Nevada & Sandstorm Gold. Source: S&P Global Capital IQ EMPR ESS RO YALTY | T SXV:EMPR | OT CQX:E MPYF 05
Slide 6: Royalties & Streams
ROYALTIES & STREAMS W H AT AR E THEY ? Royalty Agreement Stream Agreement A royalty agreement is where a In a streaming agreement, a company provides upfront company provides upfront capital capital to a mining company in to a mining company in exchange exchange for a percentage of for the right to
Slide 7: Three Types of Royalty & Streaming Companies
THREE TYPES O F RO YALTY & S TR EA MING CO MPA NIES Exploration Generation Third Party Acquisition Creation / Empress Model • Early stage and typically • Royalty already exists which means • Active Investor inexpensive to acquire simple acquisition process but no ability to negotiate /change terms •
Slide 8: Investment Thesis
INVESTMENT THESIS W H Y W E C REATED EM PR ES S Capitalize on Market Financial Expertise & Tailored, Asset-Backed Long Term Opportunity Network Investments Perspective We identified a significant gap Driven by a team of mining We design highly customized, We employ a disciplined, in the market with
Slide 9: Investment Manager
INVESTMENT MANAGER H ARN ES S ING TO P -T IER R ES O URC ES & EXPERTISE Endeavour Financial Corporation 30+ Years US$900M US$1.3B Established in 1988 Royalty & Stream Finance JV & Strategic Investments 20+ US$28B US$8B International Awards Mergers & Acquisitions Debt Finance Empress has formed a str
Slide 10: Strong Team
STRONG TEAM S TRUC TURED MIN ING FINAN CE EX PERIENC E Board of Directors & Advisors Management David Rhodes Alexandra Woodyer Jeremy Bond, David Laing Alexandra Woodyer Michelle Borthwick Michelle Borromeo Executive Chair Sherron, Director Technical Advisor Sherron, Vice President Strategic Communi
Slide 11: Investing Criteria
INVESTING CRITERIA PO RTFOLIO FO C US & C RITERIA Location Investment Size Global Focus Up to US$25M Commodities People Gold and Silver Only Strong Management & Operational Teams Asset Stage ESG Producing or Focus on Strong Near-Term Producing Mines Community Programs EMPR ESS RO YALTY | T SXV:EMPR
Slide 12: Global Portfolio
GLOBAL PORTFOLIO CO RNERS TO NE INV ES TM ENTS Tahuehueto Sierra Antapite US$5M Silver Stream US$10M Gold Stream Mexican Producing Mine Peruvian Producing Mine Galaxy Manica US$5M Gold Stream US$3M Gold Royalty South African Producing Mine Mozambique Producing Mine EMPR ESS RO YALTY | T SXV:EMPR | O
Slide 13: Tahuehueto
TAHUEHUETO S ILV ER S TREAM Underground Gold Mine in Mexico Owned by Luca Mining (TSXV: LUCA) Investment Overview Investment Size US$5M Type 100% silver stream Terms 1.25M oz. then 20% for 10 years Investment Highlights Annual Cash Flow US$6.2M Empress's investment was instrumental in completing the
Slide 14: Antapite
ANTAPITE G OLD S TREAM Underground Gold Mine in Peru Owned By Sierra Sun Group (Private) Investment Overview Investment Size US$10M Type 4.5% gold stream Terms 11k oz. then 1% LOM Investment Highlights Annual Cash Flow US$4.9M Empress's investment has enabled Sierra Antapite to expand its production
Slide 15: Galaxy
GALAXY G OLD S TREAM Underground Gold Mine in South Africa Owned by Golconda Gold (TSXV: GG) Investment Overview Investment Size US$5M Type 3.5% gold stream Terms 8k oz. with stepdown Investment Highlights Annual Cash Flow US$2M Empress's investment provided Galaxy with the capital to acquire underg
Slide 16: Manica
MANICA G OLD RO YALTY Open Pit Gold Mine in Mozambique Owned by MMP (Private) Investment Overview Investment Size US$3.0M Type 3.375% gold royalty Terms 95k oz. then 1.125% LOM Investment Highlights Annual Cash Flow US$1.3M Empress' investment was instrumental in completing the construction of the o
Slide 17: The Pipeline
THE PIPELINE FU ELIN G GRO WTH & IN CREA SING D IV ER SITY Deal Flow from Strategic Network Leveraging our extensive industry connections, we maintain a pipeline of high-quality investment opportunities. Our network provides Empress with unparalleled access to projects with strong growth potential a
Slide 18: Revenue on the Rise
REVENUE ON THE RISE BO OS TED BY SU RGIN G GO LD & SILV ER PRIC ES Potential Revenue Increase With Higher Commodity Prices US$ Millions $25 $20 $15 $10 US$8M $5 $0 2021 2022 2023 2024 2025 2026 2027 Projected revenue calculated using management estimates on the four key assets GOLD PRICE SILVER PRIC
Slide 19: Uncovering Hidden Value
UNCOVERING HIDDEN VALUE TRA DING S IGN IFICA NTLY BELOW IN DU STRY AV ERAG ES PRICE / NET ASSET VALUE ¹ PRICE / CASH FLOW (2025E) ¹ Trading at a Trading at a 51% discount 60% discount Industry Average = 1.06x Industry Average = 25.24x 0.52x 0.42x 10.11x 6.35x Note 1: NAVPS and calendar 2025 CFPS est
Slide 20: Capital Structure
CAPITAL STRUCTURE STRO NG SHA RE HO LD ER BA SE SHARES O/S MKT CAP* BOARD & MANAGEMENT - Endeavour Financial 118M US$30M 25% - Terra Capital Warrants & Options 23M* Fully Diluted = 141M Approx. C$42.5M 35% INSTITUTIONAL / STRATEGIC INVESTORS - Rick Rule - Stefan Gleason, Money Metals CASH** DEBT***
Slide 21: Near-Term Catalysts
NEAR-TERM CATALYSTS W H Y INV EST NOW ? 1 2 3 Portfolio Yield and Forward Leverage to Precious Cash Flow Optimization Revenue Trajectory Metals Pricing for Strategic Allocation The portfolio is now a strong Favorable gold and silver price With healthy cash flow generation revenue driver with forward
Slide 22: Value Proposition
VALUE PROPOSITION W H Y INV EST NOW ? Growing Revenue & Expanding Portfolio US$68M* US$78M** Net Asset Value Projected Revenue Substantially Undervalued Over 5 Years Track Record of Doubling Revenue US$30M*** Market Capitalization *NAV calculated using Management Price Case with a 5% discount rate i
Slide 23: Contact Us
CONTACT US Vancouver, Canada +1.604.331.2080 empressroyalty.com @empressroyaltycorp info@empressroyalty.com EmpressRoyaltyCorp Minimal X 23 EMPR ESS RO YALTY | T SXV:EMPR | OT CQX:E MPYF