FISCAL Q3 2025 Earnings Snapshot © Warner Music Group 2025 Confidential 1 Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures. We provide reconciliations to these non-GAAP financial measures to the most directly comparable GAAP financial measures in our earnings press release, which can be found on our website at investors.wmg.com. © Warner Music Group 2025 Confidential This presentation is a supplement to, and should be read in conjunction with, Warner Music Group's e ...

Company Overview - Almadex Minerals Ltd. has acquired the area covering most of the historic Petaca District in northern New Mexico through staking, as part of its regional exploration program focused on copper-gold potential [1] - The company holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico, and has significant experience in porphyry lithocap exploration [6] Exploration Focus - The Petaca District has a history of mica production and contains rare earth element (REE) bearing minerals, which were occasionally recovered as by-products of mica mining [2] - Almadex's exploration program prioritizes porphyry lithocaps and epithermal precious metal systems, although REE projects are not the company's core focus [4][5] Technical Insights - The pegmatites in the Petaca District exhibit various forms and have been noted for their elevated REE concentrations, primarily reflecting the mineral samarskite [2] - A microprobe study confirmed the presence of several minerals, including Samarskite-(Y) and polycrase-(Y), indicating a high level of niobium (Nb) and yttrium (Y) in accessory minerals [3] Future Plans - The company intends to seek a joint venture partner with expertise in REE mineral systems to explore the Petaca District [4][5] - Almadex plans to advance and test its lithocap targets in 2025, leveraging its in-house exploration capacity and drilling units [6]

Core Insights - Wereldhave and Sofidy have partnered to acquire the Stadshart Zoetermeer shopping center and parking garages in the Netherlands for a total purchase price of €150 million, which includes a 15% equity stake from Wereldhave [1][2] - The acquisition aligns with Wereldhave's strategy and marks its first joint venture, with plans to enhance asset value through active management [1][3] - The shopping center has a gross lettable area of approximately 59,000 m² and attracts over 8 million visitors annually, making it a significant retail destination [4] Financial Details - The total purchase price is €150 million (€165.6 million including transaction taxes), with a loan-to-value ratio of 40% financed through a secured green five-year loan [2] - The transaction is expected to positively impact Wereldhave's Direct Result Per Share (DRPS) by €0.04 annually [2] Strategic Implications - The partnership with Sofidy allows Wereldhave to leverage its management expertise while maintaining a minority stake, in line with its value creation strategy [3] - The transaction is scheduled to close at the end of the second quarter of 2025, indicating a forward-looking approach to asset management [3]