Gold Royalty Corp. · AMEX:GROY
Gold Royalty — Q1 2025 Earnings Presentation
10 slides from Gold Royalty's earnings presentation, May 8, 2025
Slide 1: First Quarter 2025 Results
First Quarter 2025 Results May 8, 2025 goldroyalty.com / NYSE: GROY
Slide 2: Disclaimer
Disclaimer Cautionary Note Regarding Forward-Looking Statements Non-IFRS Measures We have included, in this presentation, certain performance measures that do not have standardized meanings prescribed under This presentation includes information and statements that constitute "forward-looking inform
Slide 3: Today's Speakers
Today’s Speakers David Garofalo Andrew Gubbels Jackie Przybylowski Chairman, CEO and President Chief Financial Officer Vice President, Capital Markets goldroyalty.com / NYSE: GROY 3
Slide 4: 2025 First Quarter Highlights
2025 First Quarter Highlights Growing Royalty and Stream Revenue, Record Positive Operating Cash Flow and Adjusted EBITDA ▪ Revenue of $3.1 million and $3.6 million in Total Revenue, Land Agreement Proceeds and Interest* (1,249 GEOs*) ▪ Record positive operating cash flow of $2.5 million and Adjuste
Slide 5: 2025 Guidance and Five-Year Outlook
2025 Guidance and Five-Year Outlook We Expect Significant Growth Over the Next Five Years Attributable Gold Equivalent Ounces to GROY 23,000 - 28,000 Low Risk Growth: - Mature and brownfield operations represent the vast majority of our growth to 2029 - Fully paid in our portfolio - Top global minin
Slide 6: Key Growth Assets: Production Ramp Up Expected at Vareš, Côté, and Borborema in 2025
Key Growth Assets Production Ramp Up Expected at Vareš, Côté, and Borborema in 2025 Vareš1 – 100% Copper Stream Operator: Adriatic Metals Location: Bosnia and Herzegovina • Commercial production expected Q2 2025; ramp up to 800ktpa run rate expected to be completed during H2 2025 • Fully funded grow
Slide 7: Gold Royalty Moving Forward
Gold Royalty Moving Forward High Quality Growth Pipeline Exploration Advanced Exploration Development Cash Flowing Trenton Canyon Whistler Tuscarora Nutmeg Mountain Odyssey Vareš White Rock War Eagle Cheechoo REN NPI REN NSR Côté Gold Ducros Sill Red Lake Project Gold Rock Midway Borborema Fenelon S
Slide 8: Attractive Valuation
Attractive Valuation Significant Potential for Growth and Re-Rating Sector P/NAV Multiples 2.43x 2.36x 1.98x ~0.57x Consensus 1.47x median P/NAV 1.38x Compared to sector average 1.19x 1.04x ~1.3x P/NAV 0.84x 0.65x 0.57x 0.60x Vox EMX GROY Elemental Metalla Sandstorm Triple Flag Osisko Royal Gold Fra
Slide 9: Why Invest in Gold Royalty?
Why Invest in Gold Royalty? • Free Cash Flow Inflection • Recent acquisitions provide significant near-term revenue and cash flow • Development of projects within GROY portfolio provide near-term growth at no additional cost • Strengthening revenues and continuous positive FCF provide increased near
Slide 10: Contact Info
Contact Info Contact Info: Email: info@goldroyalty.com TF: +1 (833) 396-3066 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 4A2 Canada goldroyalty.com / NYSE: GROY 10