Elemental Royalty Corporation · TSX:ELE
Elemental Royalty — Q1 2026 Earnings Presentation
19 slides from Elemental Royalty's earnings presentation, May 14, 2026
Slide 1: Q1 2026 Results Investor Presentation
Q1 2026 Results Investor Presentation May 14, 2026 ELEMENTAL ROYALTY CORP | TSX: ELE | NASDAQ: ELE
Slide 2: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements This corporate presentation is for informational purposes only and must not be used or relied upon for any other purposes. This corporate presentation is not and does not constitute an offer or invitation to subscribe for or purchase, or any solicitation of
Slide 3: Presenters
Presenters David M. Cole Frederick Bell Stefan Wenger CEO COO and President CFO ELEMENTAL ROYALTY CORPORATION | TSX: ELE | NASDAQ: ELE 2
Slide 4: Overview
Overview
Slide 5: Investment Highlights
Investment Highlights Gold-focused Globally Near-term diversified catalysts royalty portfolio portfolio with direct supporting exposure to development commodity prices with best-in-class operators pipeline Inaugural Experienced Supportive dividend management major team shareholder US$0.12/ share wit
Slide 6: Q1 2026: strategic developments
Q1 2026: strategic developments Declared inaugural annual dividend of US$0.12 per share, payable quarterly • Historic first: shareholders can elect to receive dividend in cash or Tether Gold XAU₮ tokens • ELE working to make Tether Gold election available for all shareholders Upsized revolving credi
Slide 7: Financials
Financials
Slide 8: Q1: building momentum for the year ahead
Q1: building momentum for the year ahead Record quarterly revenue, adjusted EBITDA, and operating cash flow, on track to meet 2026 guidance US$24.3m US$17.7m Quarterly revenue1 4,987 Adjusted EBITDA GEOs sold 83% 55% US$14.5m Adjusted operating US$69.1m US$92.5m cash flow1 Cash and cash Working capi
Slide 9: Q1 2026 Financials
Q1 2026 Financials Three months ended March 31, (In thousands of US$) 2026 2025 +83% Statement of Income Revenue plus attributable share Revenue 24,322 11,639 of Caserones Q1 2026 General and administrative expense (5,586) (1,600) Royalty generation expense, net (1,436) - +55% Net income Statement o
Slide 10: Q1 2026 Cash Flow Bridge
Q1 2026 Cash Flow Bridge Insights US$69.1 Free Cash Flow Generated 1. Significant free cash flow: Majority of cash flow received in the period related to Q4 2025 revenue. Highlights in the period were the 3.4 69.1 14.5 0.1 following: (1.1) (1.0) • $6.8M received from Caserones 2 3 • $5.3M received f
Slide 11: Portfolio Update
Portfolio Update
Slide 12: Globally diversified portfolio
Globally diversified portfolio 18 Cash Flowing 28 Advanced Development >200 Total Royalties ELEMENTAL ROYALTY CORPORATION | TSX: ELE | NASDAQ: ELE 11
Slide 13: Key producing royalties
Key producing royalties Portfolio underpinned by established cash flowing assets with exploration potential • Karlawinda generated US$2.8m 2,699 2,821 Karlawinda, revenue in Q1, driven by consistent 2,184 2,131 Australia 1,843 sales volumes and strong realised gold - prices Capricorn Metals Expansio
Slide 14: Key producing royalties
Key producing royalties Timok (Čukaru Peki) • Consistent production continues in the Upper Serbia Zone at Timok, with US$2.24m in royalty 2,090 2,242 Development 1,583 1,625 1,634 - revenue received in Q1 of the lower Zijin Mining zone - • Upper zone life of mine recently extended to continues in 15
Slide 15: Key development royalties
Key development royalties Strong pipeline of development projects with near-term production Catalysts Catalysts Asset Operator Jurisdiction Commodity & Royalty 2026 2027+ Long-term growth plan on Laverton Australia Gold 2-4% GRR track for release in Q3 2026 Hudbay Minerals to acquire Cactus Arizona,
Slide 16: Growth outlook: view to 2030
Growth outlook: view to 2030 ELE 5-year outlook4 Annual GEOs1 (koz) 2026E 2027E 2028E 2029E 2030E 30.0 GEO ~1,665% increase in target 17.0 to 25.6 Sales 20.0 25.6 30.0 30.0+ GEO sales in 10 years (koz) 21.0 21.0 20.0 Revenue1 76.5 to ~90.0 ~115.0 ~135.0 ~135.0+ (US$m) 94.5 14.3 17.0 9.1 9.0 Key Mile
Slide 17: Elemental Royalty: Investment Highlights
Elemental Royalty: Investment Highlights Q1 2026 Financials Gold-focused Globally Near-term catalysts royalty portfolio with diversified US$24.3m direct exposure to portfolio Revenue supporting commodity prices development with best-in-class pipeline operators US$69.1m Cash Inaugural Experienced Sup
Slide 18: Q&A
Q&A 17
Slide 19: Contact
Contact Website www.elementalroyalty.com Email info@elementalroyalty.com Address 10001 West Titan Road, Littleton, Colorado, USA 80125 18