Core Insights - Reykjavík Energy has published its Green Finance Impact Report for 2024, which has been audited and certified by independent auditors [1] - The report details the allocation of green loan proceeds amounting to ISK 31.3 billion in 2024 [1] Company Developments - Since leading green financing in Iceland in 2019, Reykjavík Energy has secured more favorable financing terms and is now the largest issuer of green bonds in the country [2] - The company's established reputation in green financing is expected to support its future ambitious projects in energy production, utility operations, and carbon sequestration [2]

Core Insights - Orkuveitan reported a 45% increase in profit for 2024, reaching ISK 9.3 billion, and proposed a dividend of ISK 6.5 billion [1] - The Group's revenue grew by 9.2% year-on-year, while operating expenses increased by 8.8% [2] - Cash flow from operations rose to ISK 29.1 billion, marking a 6.0% increase, and total investments reached ISK 30.9 billion, up by 5.8% [2] Financial Performance - The consolidated financial statements for 2024 show a significant profit increase and a strong dividend proposal [1] - Revenue and operating expenses both saw positive growth, indicating a healthy operational environment [2] Sustainability Initiatives - Orkuveitan emphasizes sustainability, aligning its operations with the EU Taxonomy Regulation and achieving a "dark green" rating for its green financing activities [3] - The company aims for net-zero emissions by 2030, with a new CO₂ capture facility expected to triple its carbon capture capacity [5][6] Energy Production Strategy - The company is focusing on enhancing energy production, particularly in geothermal and wind energy, as part of its overarching strategy [4] - New low-temperature geothermal areas have been identified, and demand for district heating services has surged significantly [5] Telecommunications and Infrastructure - Ljósleiðarinn is enhancing its telecommunications infrastructure through mergers and aims to improve profitability [7] - The company is positioned to safeguard national infrastructure amidst changing international circumstances [7] Social Responsibility and Equality - Orkuveitan has achieved a gender balance with women comprising over one-third of its workforce [8] - The annual report includes a focus on biodiversity and ecological restoration efforts [9] Future Outlook - The company plans to continue investing in infrastructure and innovation, with a focus on renewable energy and societal interests [10] - Strong operational results and development initiatives are expected to create further opportunities in various sectors [11]

Group 1 - A loan agreement has been signed between Reykjavík Energy and the Council of Europe Development Bank (CEB) [1] - The loan amount is EUR 75 million [1] - The funds will be used to develop heating and water utilities, enhancing the resilience of utility systems against natural hazards [1]

Orkuveitan has published its consolidated financial statements for the year 2024, presenting highly positive results. The Group’s profit increased by 45% from 2023, amounting to ISK 9.3 billion. A dividend proposal of ISK 6.5 billion has been put forth. The Group comprises the parent company, Veitur, Orka náttúrunnar, Ljósleiðarinn, and Carbfix. Its shareholders are the City of Reykjavík, the Municipality of Akranes, and the Municipality of Borgarbyggð. “The excellent operating results last year provide a s ...

Core Points - Orkuveita Reykjavíkur (Reykjavík Energy; RE) is conducting a bond auction on March 11, 2025, offering three classes of green bonds [1][2][3] - The bonds include OR031033 GB with an 8.30% fixed nominal interest, maturing on October 3, 2033, and previously issued bonds valued at ISK 7,775 million [1] - OR280845 GB carries a 3.70% fixed interest rate, redeemable in 2037, with prior issuances totaling ISK 7,850 million [2] - OR180255 GB has a final maturity date of February 18, 2055, with previous issuances amounting to ISK 37,416 million [3] - Fossar Investment Bank hf. is responsible for overseeing the issuance, sale, and trading admission of these bonds on Nasdaq Iceland [3] Auction Details - Bids for the bonds must be submitted via email by UTC 17:00 on March 11, 2025 [4] - Settlement of transactions is scheduled for March 18, 2025 [4] - Contact information for the CFO and Fossar Investment Bank representatives is provided for inquiries [4]

Company Overview - L'Oréal is the world's leading beauty player with a history of 115 years dedicated to fulfilling beauty aspirations globally [2] - The company operates with a broad portfolio of 37 international brands and emphasizes social and environmental sustainability through its L'Oréal for the Future program [2] Financial Performance - In 2023, L'Oréal generated sales amounting to 41.18 billion euros, showcasing a strong market presence [3] - The company employs over 90,000 individuals and has a balanced geographical footprint with sales across various distribution networks including e-commerce and retail [3] Research and Innovation - L'Oréal has established 20 research centers across 11 countries, supported by a dedicated team of over 4,000 scientists and 6,400 digital talents [3] - The focus is on inventing the future of beauty and positioning itself as a Beauty Tech powerhouse [3] Shareholder Information - As of January 31, 2025, L'Oréal has a total of 534,312,021 shares, with the same number of real voting rights excluding treasury shares [1]

FULL YEAR & Q4 2024 RESULTS SAFE HARBOUR STATEMENT This presentation has been prepared for informational purposes only in order to assist prospective investors in evaluating an investment in Osisko Gold Royalties Ltd. The information related to mining operators provided in this presentation has been sourced from public disclosure. Inquiriesregarding this presentation can be made to the senior management of Osisko. CAUTIONARY NOTE TO U.S. INVESTORS REGARDING MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES Feb ...

Financial Data and Key Metrics Changes - Osisko achieved record annual revenues of $191.2 million in 2024, with a cash margin of 96.5% [6] - The company earned 20,005 gold equivalent ounces (GEOs) in Q4 2024, totaling 80,740 GEOs for the year, slightly above the revised guidance of 77,000 to 83,000 GEOs [5][11] - Net earnings per share for 2024 were $0.09, a significant increase from 2023, which was impacted by non-cash impairment charges [12] - Cash flow per share improved for the seventh consecutive year, with positive annual adjusted earnings of $0.52 per common share [12] Business Line Data and Key Metrics Changes - The Canadian Malartic Mine remained the most significant contributor to GEOs earned, with strong performance expected to continue [15] - Capstone's Mantos Blancos operation experienced a year-over-year decrease in performance due to below-design milling rates, but improvements were noted in late 2024 [15][30] - The Namdini mine in Ghana poured its first gold in November 2024, with meaningful payments expected in the second half of 2025 [12][18] Market Data and Key Metrics Changes - Osisko derived over 93% of its GEOs from precious metals, with gold accounting for 67% and silver for 27% [13] - The company expects additional base metal contributions from projects like South32's Hermosa/Taylor and Marimaca Copper's MOD project [14] Company Strategy and Development Direction - Osisko aims for GEO delivery growth in 2025, although the growth slope is expected to be less steep than previously anticipated [8] - The company is focused on disciplined capital allocation, targeting high-quality precious metal streams and royalties [41][56] - Osisko's exposure to Tier 1 mining jurisdictions is a key differentiator, with a focus on Canada, the U.S., and Australia [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's growth trajectory and the potential for meaningful transactions in 2025 [10][41] - The company acknowledged challenges in the copper market but remains open to opportunities that are accretive to shareholder value [54][75] - Management highlighted the importance of maintaining a strong balance sheet to support future growth initiatives [40][42] Other Important Information - Osisko declared a quarterly dividend of $0.065 per share in Q4 2024, marking the 41st consecutive dividend payment [7] - The company closed or committed to nearly $300 million in transactions in 2024, maintaining a robust pipeline for future opportunities [9][41] Q&A Session Summary Question: Clarification on 2025 production profile - Management indicated that Q1 2025 is expected to be the weakest quarter, with improvements anticipated in Q2, and stronger performance in Q3 and Q4 [46][47] Question: Opportunities in capital allocation - Management confirmed openness to syndicated deals and highlighted a robust opportunity set, particularly in the copper space [52][54] Question: Size range of potential transactions - The focus is on transactions between $50 million and $500 million, with a preference for cash-flowing assets or those impacting the five-year outlook [60][63] Question: Share buybacks versus dividends - Management views share buybacks as a tool but emphasizes the importance of dividends, with potential for an increase in the upcoming Board meeting [64][66]

Core Points - Osisko Gold Royalties Ltd has announced a first quarter 2025 dividend of C$0.065 per common share, payable on April 15, 2025, to shareholders of record as of March 31, 2025 [1] - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] - Shareholders in the U.S. will receive the dividend in U.S. dollars based on the daily exchange rate published by the Bank of Canada on March 31, 2025 [2] Dividend Reinvestment Plan - The company has implemented a dividend reinvestment plan, allowing shareholders in Canada and the U.S. to reinvest their dividends into additional common shares [3] - Non-registered beneficial shareholders must contact their financial institutions to enroll in the plan [3] - Shareholders are advised to consult their tax advisors regarding the tax implications of participating in the plan [4] Company Overview - Osisko Gold Royalties Ltd is an intermediate precious metal royalty company with a portfolio of over 185 royalties, streams, and precious metal offtakes, including 20 producing assets [5] - The cornerstone asset of Osisko is a 3-5% net smelter return royalty on the Canadian Malartic Complex, which is one of Canada's largest gold mines [5]

Core Points - Osisko Gold Royalties Ltd reported consolidated financial results for the year 2024, achieving record revenues and cash flows, with a net earnings turnaround from a loss in 2023 to a profit in 2024 [1][5][12]. Financial Highlights - The company earned 80,740 gold equivalent ounces (GEOs) in 2024, a decrease from 94,323 GEOs in 2023 [5]. - Revenues from royalties and streams reached a record $191.2 million, up from $183.2 million in 2023 [5]. - Cash flows from operating activities were $159.9 million, compared to $138.4 million in 2023 [5]. - Net earnings were $16.3 million, or $0.09 per basic share, reversing a net loss of $37.4 million, or $0.20 per basic share, in 2023 [5]. - Adjusted earnings were $97.3 million, or $0.52 per basic share, compared to $74.1 million, or $0.40 per basic share, in 2023 [5]. Other Highlights - The company made net repayments of $49.7 million under its revolving credit facility, ending 2024 with a cash balance of $59.1 million and outstanding debt of $93.9 million [5]. - Total capital committed in 2024 exceeded $287.7 million across three new transactions, including a $225 million gold stream agreement with SolGold plc [5]. - The company declared quarterly dividends totaling C$0.255 per common share in 2024, an increase from C$0.235 per common share in 2023 [5]. Guidance for 2025 and 5-Year Outlook - For 2025, Osisko expects GEOs earned to range between 80,000 and 88,000, with an average cash margin of approximately 97% [4][6]. - The 5-year outlook anticipates the portfolio will generate between 110,000 and 125,000 GEOs by 2029, assuming production starts at key projects [8][10]. - The guidance incorporates expected contributions from various assets transitioning from development to production, with a focus on the second half of 2025 for increased GEO deliveries [13][14]. Management Commentary - The President & CEO highlighted 2024 as a solid year for Osisko, marked by record revenues and cash flows, and emphasized the company's improved balance sheet following significant debt repayments [12][13].