Core Viewpoint - Western Metallica Resources Corp. has reported promising initial results from its ongoing drill program at the Luz Maria copper-molybdenum target, indicating the presence of a significant Cu-Mo porphyry system in Northern Peru [1][6][7]. Drilling Highlights - Three diamond drill holes have been completed at the Luz Maria prospect, all intersecting broad intervals of strongly altered intrusive rocks typical of Andean porphyry systems [4]. - Drill hole LM24DD001 reached a depth of 396.1 meters, intersecting 275 meters of altered and mineralized diorite with average grades of 400 ppm Cu and 100 ppm Mo [4][6]. - Drill hole LM24DD002, completed to 329.7 meters, showed increasing alteration intensity, with the best result being 1.8 meters at 0.2% Cu [4][5]. - Drill hole LM24DD003, terminated at 330.45 meters due to operational issues, intercepted a strongly altered quartz-monzonite intrusion, indicating increasing mineralization density at depth [5][6]. Geological Context - The Luz Maria project is located within a 500 meters by 300 meters area, representing less than 5% of the defined alteration footprint, suggesting significant potential for further exploration [4][6]. - The project is situated in a region known for world-class deposits, with the Caña Brava Project being strategically located near industrial ports and major roads [9][10]. Future Exploration Plans - The company plans to conduct a 6-hole maiden scout drill program to further assess the size and grade of the porphyry system, having only tested a small portion of the alteration footprint so far [6][8]. - Additional targets, such as Caña Brava 1, are also being explored, with plans for drilling a 1.5 km by 1.5 km phyllic alteration anomaly [8][10]. Technical Assurance - Sample preparation and analyses are conducted following standard industry procedures, ensuring the reliability of the results [11]. Company Overview - Western Metallica Resources Corp. is focused on mineral resource exploration and development, holding the option to acquire a 100% interest in the Caña Brava copper-molybdenum project in Peru [13].

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Core Viewpoint - Western Metallica Resources Corp. has successfully completed its first drill hole at the Caña Brava project, indicating the presence of a complex copper-molybdenum porphyry system and marking a significant step in its exploration efforts [1][2][3]. Group 1: Drilling Progress and Findings - The first drill hole, LM24DD001, reached a depth of 396.1 meters, with drilling of a second hole, LM24DD002, currently in progress [1]. - Logging of drill holes confirms a complex Cu-Mo porphyry system with multiple intrusion phases and alteration events [2]. - The current drill program targets a mineralization area of 500 by 300 meters, coinciding with geochemical anomalies identified in previous surveys [3]. Group 2: Geological Characteristics - Copper and molybdenum mineralization is associated with quartz veining within strong potassic alteration, extending over an area of at least 2.7 km by 1.5 km, while the drilling area covers only 5% of this total [4]. - The alteration footprint includes biotite and phyllic assemblages, indicating a significant geological system [4]. Group 3: Project Location and Potential - The Caña Brava project is located in Northern Peru, within a region known for world-class copper-molybdenum deposits, and is strategically positioned near industrial ports and major roads [12][13]. - The project encompasses a 5,700-hectare area and is adjacent to other significant mining projects, suggesting potential for high-grade mineralization [13]. Group 4: Future Exploration Plans - The company is advancing with drilling permits for the Caña Brava 1 prospect, which features a distinctive leached zone and has confirmed grades of up to 0.3% Cu from various intrusive samples [13]. - The exploration work has successfully defined a cluster of multi-stage mineralized intrusions, comparable in size to other major deposits in Peru [13].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NO.: 001-36557 ADVANCED DRAINAGE SYSTEMS, INC. (Exact name of registrant as specified in its charter) | Delaware | | 51-0105665 | | --- | --- | --- | | (State ...

Financial Performance - Adjusted EBITDA increased 2% to $923 million, with Adjusted EBITDA margin reaching a record 32.1% for fiscal year 2024[2] - Net sales decreased 6% to $2.9 billion for fiscal year 2024, driven by weaker demand in the first half of the year[2] - Fourth quarter net sales increased 5.9% to $653.8 million, with Adjusted EBITDA up 11.2% to $191.2 million[3] - Gross profit increased 13.3% to $252.0 million in Q4, driven by favorable volume growth and productivity improvements[4] - Net income for the fiscal year ended March 31, 2024, was $513,291 thousand, slightly up from $511,353 thousand in the previous year[24] - Net Income for Q1 2024 was $95.48 million, a 10.6% increase from $86.31 million in Q1 2023[34] - Diluted Earnings Per Share for Q1 2024 was $1.21, compared to $1.06 in Q1 2023[38] - Adjusted Earnings Per Share for Q1 2024 was $1.23, up from $1.12 in Q1 2023[38] Segment Performance - Domestic pipe sales increased 3.3% to $358.7 million, while Infiltrator sales surged 21.0% to $106.1 million in Q4[3] - Pipe segment net sales from external customers were $1,544,290 thousand in 2024, down from $1,717,189 thousand in 2023[26] - Infiltrator Water Technologies segment net sales from external customers increased to $449,027 thousand in 2024 from $442,280 thousand in 2023[26] - International segment net sales from external customers decreased to $207,769 thousand in 2024 from $219,853 thousand in 2023[26] - Infiltrator Water Technologies segment gross profit for Q1 2024 was $65.36 million, a 63.3% increase from $40.01 million in Q1 2023[33] - Total Segment Adjusted Gross Profit for Q1 2024 was $280.94 million, up 14.6% from $245.20 million in Q1 2023[33] Cash Flow and Capital Expenditures - Free cash flow (Non-GAAP) decreased $6.8 million to $534.1 million for fiscal year 2024[3] - Net cash provided by operating activities reached $717,928 thousand in 2024, compared to $707,810 thousand in 2023[24] - Capital expenditures for 2024 were $183,812 thousand, up from $166,913 thousand in 2023[24] - Capital Expenditures for FY 2024 were $183.81 million, up 10.1% from $166.91 million in FY 2023[36] - Capital expenditures for fiscal 2025 are anticipated to be between $250 million and $300 million[12] Debt and Shareholder Returns - Net debt decreased by $246.9 million to $860.9 million as of March 31, 2024[9] - The company repurchased 1.8 million shares for $207.3 million and returned $251.3 million to shareholders in fiscal year 2024[11] - Repurchase of common stock in 2024 amounted to $207,308 thousand, significantly lower than $575,027 thousand in 2023[24] Future Outlook - Fiscal 2025 net sales are expected to range between $2.925 billion and $3.025 billion, with Adjusted EBITDA projected between $940 million and $980 million[12] Balance Sheet and Assets - Total assets increased to $3,268,913 thousand in March 2024 from $2,901,125 thousand in March 2023, reflecting a growth of 12.7%[22] - Cash and restricted cash at the end of 2024 were $495,848 thousand, up from $217,128 thousand in 2023[24] Other Financial Metrics - Free Cash Flow for FY 2024 was $534.12 million, slightly down from $540.90 million in FY 2023[36] - Depreciation and Amortization for Q1 2024 was $42.89 million, up 13.4% from $37.80 million in Q1 2023[34] - Stock-based Compensation Expense for Q1 2024 was $8.35 million, a 378% increase from $1.75 million in Q1 2023[34] - Total consolidated net sales for the fiscal year ended March 31, 2024, were $2,874,473 thousand, a decrease from $3,071,121 thousand in 2023[26]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36557 ADVANCED DRAINAGE SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) De ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36557 ADVANCED DRAINAGE SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) D ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (614) 658-0050 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-36557 ADVANCED DRAINAGE SYSTEMS, I ...

Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NO.: 001-36557 ADVANCED DRAINAGE SYSTEMS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securit ...

Advanced Drainage Systems, Inc. (NYSE:WMS) Q4 2023 Earnings Conference Call May 18, 2023 10:00 AM ET Company Participants Michael Higgins - Vice President of Corporate Strategy and Investor Relations Scott Barbour - President and CEO Scott Cottrill - CFO Conference Call Participants Michael Halloran - Baird Matthew Bouley - Barclays Spencer Kaufman - UBS Joseph Ahlersmeyer - Deutsche Bank Jeffrey Stevenson - Loop Capital Bryan Blair - Oppenheimer Operator Hello, everyone and welcome to ADS's Fourth Quarter ...