Sprott Inc. (NYSE/TSX: SII) 2022 Second Quarter Results August 2, 2022 Contrarian. Innovative. Aligned Sprott Forward-looking Statements Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "proje ...

Table of Contents Letter to shareholders 2 Management's Discussion and Analysis 4 Consolidated Financial Statements 24 Notes to the Consolidated Financial Statements 29 Dear fellow shareholders, Despite the recent challenges across most global asset classes, Sprott continued to record strong operating results in the second quarter of 2022. Assets Under Management ("AUM") were $21.9 billion as at June 30, 2022, up $1.5 billion (7%) from December 31, 2021. The strength of our business model was clearly eviden ...

Sprott Inc. (NYSE/TSX: SII) 2022 First Quarter Results May 6, 2022 Sprott Contrarian. Innovative. Aligned Forward-looking Statements Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", ...

Sprott Inc. (NYSE:SII) Q1 2022 Earnings Conference Call May 6, 2022 10:00 AM ET Company Participants Peter Grosskopf - CEO Kevin Hibbert - CFO John Ciampaglia - CEO, Sprott Asset Management Whitney George - President Conference Call Participants Geoffrey Kwan - RBC Capital Markets Graham Ryding - TD Securities Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Sprott Inc.'s 2021 First Quarter Results Conference Call. At this time all participants are in a listen-only mode ...

Financial Performance - Net income for the first quarter of 2022 was $6.5 million ($0.26 per share), an increase of $3.3 million ($0.13 per share) compared to the same quarter in 2021[3]. - Adjusted base EBITDA reached $18.2 million ($0.73 per share), up 24% or $3.6 million ($0.14 per share) from the prior year[3]. - The operating margin improved to 57% for the first quarter of 2022, compared to 51% in the same period of 2021[25]. - Total revenues for the three months ended March 31, 2022, were $42,463,000, an increase of 6.8% compared to $39,751,000 for the same period in 2021[101]. - Net income for the period was $6,473,000, representing a 101.5% increase from $3,221,000 in the prior year[101]. - Basic earnings per share was $0.26, compared to $0.13 in the prior period[72]. - Income before income taxes was $13.5 million, up $4.2 million (45%) from the same quarter in 2021[54]. - Total net revenues for the managed equities segment increased to $9.4 million, compared to $2.7 million in the same quarter last year[56]. - Total net revenues for the brokerage segment decreased to $3.9 million, down from $7.0 million in the previous year[62]. Assets Under Management (AUM) - Assets Under Management (AUM) increased to $23.7 billion, up $3.2 billion (16%) from December 31, 2021[3]. - The Sprott Physical Uranium Trust surpassed $3 billion in AUM, reflecting growing investor interest in energy-transition investments[5]. - The acquisition of the North Shore Global Uranium Miners ETF added $1.1 billion in AUM, establishing Sprott as the largest manager of uranium investments globally with approximately $4 billion in related AUM[5]. - Total AUM reached $23.7 billion as of March 31, 2022, an increase of $3.2 billion (16%) from December 31, 2021, driven by strong market value appreciation and inflows into physical uranium, gold, and silver trusts[40]. Expenses and Costs - Management fees for the quarter were $27.2 million, up $4.7 million (21%) compared to the same quarter in 2021, primarily due to higher average AUM[43]. - Carried interest and performance fees were $2 million in the quarter, down $5.9 million (74%) from the same quarter in 2021, indicating lower carried interest crystallization in the private strategies segment[43]. - Commission revenues were $13.1 million, up $0.6 million (5%) from the previous year, while net commissions decreased by $0.3 million (4%) to $6.6 million[44]. - Net compensation expense rose to $15.7 million, an increase of $3.9 million (33%) from the previous year, primarily due to higher long-term incentive plan amortization[46]. - Selling, general and administrative expenses were $3.4 million, up $0.1 million (3%) from the same quarter in 2021, mainly due to increased marketing and technology costs[47]. - Total expenses for the three months ended March 31, 2022, were $33.298 million, compared to $33.819 million in the same period of 2021, indicating a decrease of about 1.5%[160]. Strategic Focus and Market Outlook - The company anticipates continued growth in key financial metrics supported by a strong product pipeline and portfolio teams[10]. - The company remains cautious about the impact of aggressive rate hikes by the Fed on financial markets and potential recession risks[4]. - The company is focused on developing new strategies in the energy transition space to enhance shareholder value[10]. - The company aims to provide adequate seed capital for new product offerings and financial flexibility for potential acquisitions[141]. Shareholder Returns - The company declared a cash dividend of $0.25 per share, totaling $6.5 million[70]. - The company declared dividends of $6,434,000 in Q1 2022, compared to $6,393,000 in Q1 2021, a slight increase of 1%[104]. Investment and Financing Activities - The company had $38.3 million outstanding on its credit facility as of March 31, 2022, up from $29.8 million at the end of 2021[75]. - The company completed the acquisition of North Shore Global Uranium ETF for $10.5 million in cash and $4 million in shares, adding approximately $1.1 billion to AUM[35]. - The company had $11.3 million in co-investment commitments due within one year as of March 31, 2022, up from $7.7 million as of December 31, 2021[168]. Other Financial Metrics - Total assets as of March 31, 2022, were $380,843,000, up from $365,873,000 at the end of 2021, marking a growth of 4.1%[100]. - Total liabilities increased to $83,584,000 from $74,654,000, reflecting a rise of 11.5%[100]. - The company reported a loss on investments of $1,473,000 for the quarter, an improvement from a loss of $4,652,000 in the same quarter of the previous year[101]. - Current income tax expense for the three months ended March 31, 2022, was $2.157 million, down from $3.023 million in the prior year, a decrease of 28.7%[142].

Sprott Inc. (NYSE/TSX: SII) 2021 Annual Results February 25, 2022 Sprott Forward-looking Statements Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "i ...

Financial Data and Key Metrics Changes - The company's total assets under management (AUM) reached approximately USD 20.4 billion, an increase of USD 1.4 billion or 8% from September 30, 2021, and up USD 3.1 billion or 18% from December 31, 2020 [9][10] - Adjusted base EBITDA for Q4 was USD 17.7 million, up USD 3 million or 20% year-over-year, while full-year adjusted base EBITDA hit a record USD 64.1 million, an increase of USD 19.9 million or 45% from the previous year [11][12] Business Line Data and Key Metrics Changes - The managed equity segment showed strong relative performance, with a notable increase in net sales [5] - The physical Silver Trust added over USD 1.7 billion in AUM, primarily in the first half of the year, while the newly formed physical Uranium Trust added nearly USD 1 billion in the second half [10] - The combined lending and streaming strategies AUM was USD 1.4 billion at year-end, with significant capital available for further investments [28] Market Data and Key Metrics Changes - The company experienced USD 646 million in net inflows for Q4 and USD 3.1 billion for the full year, an increase of USD 300 million from the prior year [16] - The Sprott Physical Uranium Trust grew from USD 630 million in AUM at acquisition to USD 2.1 billion, reflecting strong institutional interest [18] Company Strategy and Development Direction - The company is focusing on the rapid expansion of interest in carbon transition minerals and has positioned itself as a leader in physical uranium management [6] - The acquisition of the North Shore Global Uranium Mining ETF is part of the strategy to enhance its offerings in the uranium sector [23] - The company aims to expand its lending business in 2022 through new strategies [28] Management's Comments on Operating Environment and Future Outlook - Management noted that the backdrop for precious metals has become increasingly supportive due to rising inflation and geopolitical risks, which have heightened investor demand for safe havens [31] - The company remains optimistic about the uranium sector, citing a price inflection in the spot market and increasing utility contracts [20] Other Important Information - The company reported a compensation ratio of 39% for the year, lower than the previous year's 44%, but management indicated that a more reasonable run rate would be around 45% moving forward [45][46] Q&A Session Summary Question: Timing for the North Shore Global Uranium Miners ETF acquisition - Management indicated that the timing is dependent on reaching a quorum for shareholder votes, with hopes to achieve this in the next 4 to 6 weeks [34] Question: Clarification on the $700 million final close for private strategies - Management confirmed that the $700 million final close is not cumulative and occurred during the year [36] Question: Performance fees and AUM capable of driving them - Management suggested that details on performance fees can be found in the MD&A, specifically on Page 11 of the annual report [40] Question: Direct payouts and trailer fees - Direct payouts are primarily from the brokerage and managed equity segments, with further details to be provided later [42] Question: Future compensation ratio expectations - Management indicated that a compensation ratio of around 45% would be a safer estimate for modeling future expenses [46]

Sprott Inc. (NYSE/TSX: SII) Q3 2021 Results November 5, 2021 Sprott Forward-looking Statements Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intend ...

Financial Data and Key Metrics Changes - Assets Under Management (AUM) reached $19 billion, an increase of $466 million or 3% from June 30, and up $1.6 billion or 9% from December 31 of the previous year [10][11] - Adjusted base EBITDA for the quarter was $16.7 million, up $4.7 million or 39% from the prior period, and year-to-date adjusted base EBITDA was $46.4 million, up $17 million or 58% from the prior period [11][12] - Subsequent to the quarter-end, AUM surpassed the $20 billion milestone for the first time, marking a significant achievement for the company [7][10] Business Line Data and Key Metrics Changes - The Sprott Physical Uranium Trust (SPUT) launched in July and has grown to over $1.6 billion in AUM, with $459 million attributed to net flows in the quarter [6][14] - The streaming and royalty strategy raised $400 million in Q3, contributing to overall business growth [7][28] - Managed equities business experienced modest positive cash flows despite challenges in gold equities, which have been struggling due to low precious metal prices [25][30] Market Data and Key Metrics Changes - The uranium market is described as opaque and OTC, with SPUT enhancing liquidity and price transparency [19][21] - The North Shore Global Uranium ETF (URNM) is set to be acquired, which has seen significant inflows and strong performance, ranking number 2 out of 2,504 non-levered ETFs [22][23] Company Strategy and Development Direction - The company is focusing on expanding its uranium business and launching new products, indicating a strategic shift towards alternative assets [30][31] - The acquisition of URNM is seen as a complement to the existing uranium offerings, aiming to capture a broader investor base interested in both physical and equity uranium investments [22][23] Management's Comments on Operating Environment and Future Outlook - Management noted that gold and silver prices have recovered since the quarter-end, suggesting a positive outlook for precious metals as investors seek inflation protection [30] - The company believes it is in the early stages of a new bull market, which supports the recent acquisition of URNM [19][30] Other Important Information - The company has seen strong inflows into its physical silver trust and lending segment, contributing to overall AUM growth [10][11] - The brokerage segment is performing well, with efforts to convert assets under administration to fee-earning AUM [29] Q&A Session Summary Question: On compensation and G&A expense run rate - Management indicated that SG&A is scalable and estimated a quarterly run rate around $4 million, driven by regulatory and insurance costs [34][35] Question: Fundraising mix in private strategies - The mix remains largely unchanged, primarily involving large endowments and pensions from the U.S., with growing global interest [36][37] Question: URNM transaction details - Specific metrics on the URNM transaction were not disclosed, but management indicated that valuation metrics are similar to prior transactions [39][40] Question: Management fees for URNM - The ETF currently has a unitary fee of 85 basis points, with no plans for changes at this time [41][42] Question: Lending segment AUM increase - The significant AUM increase was attributed to catch-up payments on management fees from large institutional commitments [49][50] Question: Future targets in uranium and clean metals - The company is exploring opportunities in decarbonization minerals but did not disclose specific targets [55][56]

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