Triple Flag Precious Metals Corp. · TSX:TFPM
Triple Flag Precious Metals — Q1 2025 Earnings Presentation
15 slides from Triple Flag Precious Metals's earnings presentation, May 7, 2025
Slide 1: Q1 2025 Results Presentation
Q1 2025 RESULTS PRESENTATION May 7, 2025 TSX TFPM | NYSE TFPM May 2025 TRIPLE FLAG PRECIOUS METALS
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any security in any jurisdiction Cautionary Note Regarding Forward-Looking Information and Statements: This presentation contains “forward-looking information” within the meaning of
Slide 3: Presenters
Q1 2025 RESULTS PRESENTERS Sheldon Vanderkooy Eban Bari James Dendle CEO and Director CFO COO TRIPLE FLAG PRECIOUS METALS Sheldon Vanderkooy, CEO 3
Slide 4: Triple Flag Q1 2025
Q1 2025 RESULTS TRIPLE FLAG Q1 2025 Strong GEOs and record financial results 29 koz GEOs 1 $71M Adjusted EBITDA $66M Operating Cash Flow Announced the acquisition of Orogen Royalties and its NSR royalty on the Expanded Silicon gold project Royalty on Tier 1 asset in Nevada operated by An
Slide 5: Q1 2025 Financials
Q1 2025 RESULTS Q1 2025 Financials $ thousands, except GEOs, per share metrics, and asset margin Q1 2025 Q1 2024 Gold Equivalent Ounces (GEOs) 1,2 28,761 27,794 Revenue $82,245 $57,528 Net Earnings $45,521 $17,424 EPS $0.23 $0.09 GEOs up 3% Adjusted Net Earnings 2 $40,677 $22,180 Adjusted EBITDA up
Slide 6: Pure Play Precious Metals
Q1 2025 RESULTS PURE PLAY PRECIOUS METALS Asset Commodity Geography Q1 2025 Revenue Q1 2025 Revenue Q1 2025 Revenue Strong 100% Precious 80% Australia quarter from Metals and Americas Northparkes Northparkes 31% Gold 76% Australia 42% Cerro Lindo 18% Silver 24% Latin America 22% Agbaou 6% North Amer
Slide 7: Expanded Silicon
Q1 2025 RESULTS EXPANDED SILICON Tier 1 Asset Cornerstone Silicon and Merlin deposits in Nevada North America’s largest new gold discovery Rapid Resource Growth Rapid resource growth to +16 Moz 1 Drilling began in 2018 and initial mineral resource estimate declared in 2021 Significant Exploration Up
Slide 8: Expanded Silicon: Contained Gold (Moz)
Q1 2025 RESULTS EXPANDED SILICON Initial discovery in 2018 Contained Gold (Moz) Initial resource in 2021 Merlin 16 Moz resource in 2024 Merlin 12.1 Moz Inferred 2 9.1 Moz Inferred Silicon 0.8 Moz Inferred Silicon 0.8 Moz Inferred Silicon 0.8 Moz Inferred 1 Silicon Silicon Silicon Silicon 3.4 Moz 3.4
Slide 9: Expanded Silicon
Q1 2025 RESULTS EXPANDED SILICON 1.0% NSR Gold royalty life of mine with no step-downs, buydowns, or caps Drill rigs remain active on the property, focusing on infill and resource upgrade 74 km2 drilling at Merlin Royalty coverage Covering Merlin and Silicon Significant intercepts located to the wes
Slide 10: Expanded Silicon
Q1 2025 RESULTS EXPANDED SILICON Cortez Goldstrike Cumulative Production and Cumulative Production and Total Total Resource since 1995 Resource since 1987 60 District Evolution 50 Potential for Growth 40 Cumulative Production and Total Resource 30 (Moz) Expanded Silicon 20 10 – -10 -5 0 5 10 15 20 2
Slide 11: Robust GEOs Growth
Q1 2025 RESULTS ROBUST GEOs GROWTH 135-145 GEOs koz Growth Meaningful GEOs growth beyond 2029 from Expanded Silicon 105-115 GEOs koz 113 Expanded Silicon 100+ Assets in Various Stages of Development 105 Gold Equivalent Ounces (koz) 84 85 63 Koné 42 33 34 2017A 2018A 2019A 2020A 2021A 2022A 2023A 202
Slide 12: Triple Flag Investment Case
Q1 2025 RESULTS TRIPLE FLAG Investment Case SUMMARY Robust and Growing Cash Flow Per Share Increasing dividend, executing share buybacks and reinvesting in accretive acquisitions to drive compounding growth Diversified Portfolio Provides Top-tier Precious Metals Exposure Anchored by Northparkes and
Slide 13: Q&A
Q&A BURITICA TRIPLE FLAG TSX:TFPM PRECIOUS METALS | NYSE:TFPM 13
Slide 14: Non-IFRS Measures
APPENDIX NON-IFRS MEASURES Gold Equivalent Ounces (“GEOs”) GEOs are a non-IFRS measure that is based on stream and related interests as well as royalty interests and calculated on a quarterly basis by dividing all revenue from such interests for the quarter by the average gold price during such quar
Slide 15: Reconciliation to IFRS Measures
APPENDIX RECONCILIATION TO IFRS MEASURES Gold Equivalent Ounces (“GEOs”) Adjusted EBITDA Three Months ended Three months ended March 31 March 31 ($ thousands, except average gold price and GEOs information) 2025 2024 ($ thousands) 2025 2024 Revenue 82,245 57,528 Net earnings $ 45,521 $ 17,424 Averag
Triple Flag Precious Metals Corp. Common Shares — Q1 2025 Earnings Presentation on 6ix