Sprott Gold Miners ETF · AMEX:SGDM

Sprott Gold Miners ETF — Sprott Copper Miners ETFs — Investor Presentation (March 2024)

38 slides from Sprott Gold Miners ETF's investor presentation, Mar 5, 2024

  1. Slide 1: Sprott Copper Miners ETFs Investor Presentation

    Sprott Copper Miners ETFs Nasdaq: COPP and COPJ Investor Presentation March 5, 2024

  2. Slide 2: Global Leader in Precious Metals and Critical Materials Investments

    Global Leader in Precious Metals and Critical Materials Investments US$28.7B in AUM1 Sprott (SII) is publicly listed on the NYSE and TSX Exchange Listed Products Managed Equities Private Strategies $23.2B AUM $2.9B AUM $2.6B AUM • Physical Bullion Trusts • Flagship U.S. Gold Equity Mutual • Bespoke

  3. Slide 3: Presentation Outline

    Presentation Outline Content Slides Why Invest in Copper Miners Now 4 Copper Is Essential for Decarbonization 5-10 Copper Demand Is Surging 11-16 Copper Supply Faces Challenges 17-19 Copper Price Dynamics Spurring New Production 20-22 Copper Miners May Offer Opportunities 23-26 Sprott Copper Miners

  4. Slide 4: Why Invest in Copper Miners Now

    Why Invest in Copper Miners Now 1. Copper Is Essential for Decarbonization The push toward net-zero emissions by 2050, driven by global mandates and goals, may likely be set to escalate the development of copper-intensive infrastructure, such as power grids, electric vehicles (EVs) and clean energy

  5. Slide 5: Copper Is Essential for Decarbonization

    Copper Is Essential for Decarbonization © 2024 Sprott Asset Management. All rights reserved. Telephone: 888.622.1813 Sprott Copper Miners ETFs | 5

  6. Slide 6: Copper: A Central Role in the Energy Transition

    Copper: A Central Role in the Energy Transition • The copper market is large and mature; at • The previous commodity supercycle, led by the $183 billion in 2022,1 it is the third largest metals industrialization of China, is giving way to a new cycle market by U.S. dollar value behind iron ore and g

  7. Slide 7: Most Nations Have Committed to Net-Zero Emissions Targets

    Most Nations Have Committed to Net-Zero Emissions Targets 97 parties, representing 101 countries and 80.7% of global greenhouse gas emissions (GHGs), have communicated a net- zero target. Source: Climatewatchdata.org at https://www.climatewatchdata.org/net-zero-tracker as of 1/10/2024. Included for

  8. Slide 8: Net-Zero Targets Require Development of Clean Energy Solutions

    Net-Zero Targets Require Development of Clean Energy Solutions CO2 emissions need to fall by about 45% from 2010 levels by 2030 to reach net zero by 2050.1 Worldwide Transition Away Increased Need for from Fossil Fuels Battery Storage Renewed Interest in Transition to Electric Nuclear Power Vehicles

  9. Slide 9: Electricity Demand Estimated to Increase by 86% by 2050

    Electricity Demand Estimated to Increase by 86% by 2050 60,000 53,985 World Electricity Demand (Terawatt-hour – TWh) 50,000 86% 40,000 Rising middle classes in 29,033 the East and developing 30,000 technologies in the West are driving demand for electricity. 20,000 10,000 0 2010 2021 2022 2030E 2040

  10. Slide 10: Global Investment in the Energy Transition

    Global Investment in the Energy Transition 2023 energy transition investment, $1.8 trillion, now far exceeds global investment in fossil fuels, according to clean energy research group BloombergNEF. $ billion 2,000 1,769 1,800 1,600 1,511 Clean shipping 1,400 Clean industry 1,190 1,200 Electrified h

  11. Slide 11: Copper Demand Is Growing

    Copper Demand Is Growing © 2024 Sprott Asset Management. All rights reserved. Telephone: 888.622.1813 Sprott Copper Miners ETFs | 11

  12. Slide 12: EVs and Renewables Require More Copper

    EVs and Renewables Require More Copper • EVs require 2.4x more copper than a Copper Intensities conventional internal combustion engine (ICE) car. Lb/Vehicle 0 20 40 60 80 100 120 140 • Solar requires 2.5x more than fossil Conventional Car fuel counterparts per megawatt (MW). • Onshore wind requires

  13. Slide 13: Strong Growth In Battery-Based Electric Vehicles Is Underway

    Strong Growth In Battery-Based Electric Vehicles Is Underway Across the globe, approximately 14 million electric cars were sold in 2023, more than four times the sales three years ago. Sales are estimated to reach 16.7 million in 2024. Million China Europe North America South Korea Japan Rest of Wor

  14. Slide 14: Solar and Wind Installed Capacities Are Rising

    Solar and Wind Installed Capacities Are Rising Solar and wind global installed capacities have taken off in recent years and are expected to continue to grow. Solar Cumulative Capacity Per Gigawatt (GW) Wind Cumulative Capacity (GW) 5000 2500 4500 4000 2000 3500 3000 1500 2500 2000 1000 1500 1000 50

  15. Slide 15: Electric Grids Require Considerable Investment

    Electric Grids Require Considerable Investment • Copper’s high conductivity, tensile strength and Annual Grid Investments for Net-Zero1 resistance to corrosion make it useful in electricity $1,000 distribution and transmission. $900 • To reach net-zero emissions by 2050, the electricity grid may nee

  16. Slide 16: Visualizing Copper Demand Growth

    Visualizing Copper Demand Growth The cumulative demand for copper to 2050 is greater than the total produced copper over the course of human history. Source: ENERGYminute. https://energyminute.ca/infographics/the-volume-of-2050-net-zero-copper-demand/ https://www.sciencedirect.com/science/article/pi

  17. Slide 17: Copper Supply Faces Challenges

    Copper Supply Faces Challenges © 2024 Sprott Asset Management. All rights reserved. Telephone: 888.622.1813 Sprott Copper Miners ETFs | 17

  18. Slide 18: Copper's Supply Struggling with Disruptions

    Copper’s Supply Struggling with Disruptions • South America is the global leader in copper Copper Mine Production 20221 mining, with 38% of copper mine production.1 • Copper supply disruptions have been Others, 13% frequent. Chile, 27% Poland, 2% • Ore grades are declining. Today, they are Kazakhsta

  19. Slide 19: Copper Supply and Demand Imbalance Likely to Grow

    Copper: A Central Role In Electricity Transmission and EVs Demand for copper is likely to outstrip supply as clean energy transition takes hold.1 Copper Supply and Demand Imbalance Likely to Grow 70 Grid Tra nsport Win d Batteries Solar Others 60 Millions of Metric Tons Copper Supply 50 40 30 20 10

  20. Slide 20: Copper Price Dynamics Spurring New Production

    Copper Price Dynamics Spurring New Production © 2024 Sprott Asset Management. All rights reserved. Telephone: 888.622.1813 Sprott Copper Miners ETFs | 20

  21. Slide 21: Copper Historic Price Growth

    Copper Historic Price Growth Given the demand-supply dynamics for physical copper, we believe the price may be set up for a new super cycle. $12,000 $10,368 $10,000 Copper Price/Metric Tons $US $8,000 $8,464 $6,000 $4,000 $2,000 $- 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

  22. Slide 22: Copper Inventories Are at Historic Lows

    Copper Inventories Are at Historic Lows Exchange inventories cover around three days of global demand. Limited inventories raise the risk of a sudden price increase if buyers make large drawdowns to secure supplies. 1,200,000 1,000,000 800,000 Metric Tons 600,000 400,000 200,000 - 13 14 15 16 17 18

  23. Slide 23: Copper Miners May Offer Opportunities

    Copper Miners May Offer Opportunities © 2024 Sprott Asset Management. All rights reserved. Telephone: 888.622.1813 Sprott Copper Miners ETFs | 23

  24. Slide 24: Copper Equities Outperform Spot During Bull Markets

    Copper Equities Outperform Spot During Bull Markets Given the demand-supply dynamics for physical copper, investors may want to consider copper miners as a way to gain exposure to the sector. 140% 120% 100% 90% 80% 60% 40% 20% 19% 0% -20% -40% -60% -80% 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 00 00 00 0

  25. Slide 25: Copper Miners' Healthy Profitability

    Copper Miners’ Healthy Profitability • Copper miner’s all-in sustaining cost (AISC) of $2.41 per pound is well below the current copper spot price. • Implies a 37% AISC margin at the $3.84 copper spot price as of 12/31/2023. • Increases in the copper spot price may increase earnings, improve investo

  26. Slide 26: Investing in Copper Miners

    Investing in Copper Miners Only four of the top 10 copper-producing companies are majority copper miners and publicly listed. 2022 Attributable 2022 Revenue % – Top 10 Copper Producing Companies Production – (tonnes) Ownership Copper Corporación Nacional del Cobre de Chile 1,552,739 State-Owned 91%

  27. Slide 27: Sprott Copper Miners ETFs Overview of Funds

    Sprott Copper Miners ETFs Overview of Funds © 2024 Sprott Asset Management. All rights reserved. Telephone: 888.622.1813 Sprott Copper Miners ETFs | 27

  28. Slide 28: Sprott Copper Miners ETF (COPP)

    Sprott Copper Miners ETF (COPP) Sprott Copper Miners ETF (COPP) Sprott Copper Miners ETF (Nasdaq: COPP) is the only1 all-cap Investment Objective ETF to provide pure-play2 exposure to the copper miners that Sprott Copper Miners ETF (Nasdaq: COPP) seeks to provide investment results that, supply a mi

  29. Slide 29: Sprott Copper Miners ETF Composition

    Sprott Copper Miners ETF (COPP) Sprott Copper Miners ETF Composition Index Portfolio Characteristics1 Index Company Domicile Breakdown1 (As of 3/5/2024) (As of 3/5/2024) • Number of Issuers: 40 • Market Cap (millions): $256,221 • Weighted Avg. Company Market Cap (millions): $23,278 • Market Cap Brea

  30. Slide 30: Performance History

    Sprott Copper Miners ETF (COPP) Performance History Performance: Average Annual Total Returns* (%) QUARTER END – DATA NOT YET AVAILABLE 1 MO S.I.1 Sprott Copper Miners ETF (Net Asset Value) – – Sprott Copper Miners ETF (Market Price)2 – – Nasdaq Sprott Copper Miners™ Index (Benchmark)3 – – Fees and

  31. Slide 31: Sprott Junior Copper Miners ETF (COPJ)

    Sprott Junior Copper Miners ETF (COPJ) Sprott Junior Copper Miners ETF (COPJ) Sprott Junior Copper Miners ETF (Nasdaq: COPJ) is the only1 Investment Objective ETF to provide pure-play2 exposure to small,3 exploration- and Sprott Junior Copper Miners ETF (Nasdaq: COPJ) seeks to provide investment res

  32. Slide 32: Sprott Junior Copper Miners ETF Composition

    Sprott Junior Copper Miners ETF (COPJ) Sprott Junior Copper Miners ETF Composition Portfolio Characteristics1 Company Domicile Breakdown1 (As of 12/31/2023) (As of 12/31/2023) • Number of Issuers: 40 • Market Cap (millions): $37,638 • Weighted Avg. Company Market Cap (millions): $1,560 • Market Cap

  33. Slide 33: Performance History

    Sprott Junior Copper Miners ETF (COPJ) Performance History Performance: Average Annual Total Returns* (%) QUARTER END AS OF 12/31/2023 1 MO 3 MO S.I.1 Sprott Junior Copper Miners ETF (Net Asset Value) 10.41 6.37 -7.18 Sprott Junior Copper Miners ETF (Market Price)2 9.16 5.90 -7.44 Nasdaq Sprott Juni

  34. Slide 34: Sprott Client Services Team

    Sprott Client Services Team © 2024 Sprott Asset Management. All rights reserved. Telephone: 888.622.1813 Sprott Copper Miners ETFs | 34

  35. Slide 35: Sprott Product Overview

    © 2024 Sprott Asset Management. All rights reserved. Telephone: 888.622.1813 Sprott Copper Miners ETFs | 35

  36. Slide 36: Distributor Contact Details

    Distributor Contact Details ALPS Distributors, Inc. 1290 Broadway, Suite 1000 Denver, CO 80203 © 2024 Sprott Asset Management. All rights reserved. Telephone: 888.622.1813 Sprott Copper Miners ETFs | 36

  37. Slide 37: Risk Disclosures and Other Important Information

    Risk Disclosures and Other Important Information Sprott Copper Miners ETF (Nasdaq: COPP) This material must be preceded or accompanied by a prospectus. An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Copper Miners ETF

  38. Slide 38: Risk Disclosures and Other Important Information

    Risk Disclosures and Other Important Information Sprott Junior Copper Miners ETF (Nasdaq: COPJ) This material must be preceded or accompanied by a prospectus. An investor should consider the investment objectives, risks, charges, and expenses carefully before investing. To obtain a Sprott Junior Cop

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