Weir Group Capital Markets Day Summary Company Overview - **Company**: The Weir Group (OTCPK: WEGR.Y) - **Event**: 2025 Capital Markets Day - **Date**: December 03, 2025 Key Industry Insights - **Focus on Mining Technology**: Weir is positioning itself as a leader in mining technology, emphasizing the integration of digital solutions to enhance productivity and sustainability in the mining sector [2][6][15]. - **Market Demand**: There is a multi-decade favorable market demand for critical metals, driven by structural factors and the need for sustainable mining practices [9][10]. Core Strategic Pillars 1. **Digital Technology**: Unlocking the potential of digital technology through next-generation software and connected intelligent products to drive productivity and sustainability in mining [2][6]. 2. **Customer Value Proposition**: Enhancing the value proposition of equipment businesses through continuous innovation and digital enablement [2][8]. Financial Performance and Projections - **Operating Margins**: Group operating margins are projected to increase from 17.4% in 2023 to approximately 20% in 2025, a year earlier than expected [5]. - **Revenue Growth**: Weir aims to achieve mid to high single-digit organic revenue growth through the cycle, with a commitment to maintaining operating margins sustainably above 20% from 2026 [13][38]. Acquisitions and Growth Strategy - **Recent Acquisitions**: The acquisition of Micromine has been pivotal in Weir's strategy to become a leading software provider in the mining industry. Additional acquisitions include Fast2Mine and Townley, aimed at enhancing capabilities and market reach [12][18][32]. - **M&A Strategy**: Weir plans to prioritize compounding M&A opportunities while applying strict strategic and financial criteria to ensure alignment with growth objectives [8][60]. Software Solutions and Market Position - **Micromine's Role**: Micromine serves as the cornerstone of Weir's software solutions, providing a comprehensive suite of equipment-agnostic software solutions across the mining value chain [19][32]. - **Market Potential**: The total global addressable market for Weir's software products is estimated at GBP 3.8 billion, with a vended market of GBP 2 billion expected to grow at 10% per annum [32][54]. Customer Engagement and Retention - **Customer Base**: Weir's software solutions are utilized across 125 countries, with nearly 26,000 licenses sold globally, reflecting a strong and diverse customer base [21][32]. - **Retention Rate**: Micromine boasts a customer retention rate of 93%, indicating strong customer satisfaction and loyalty [37]. Challenges and Opportunities - **Industry Transition**: The mining industry is transitioning from traditional methods to more innovative, data-driven approaches, creating opportunities for Weir to provide advanced technological solutions [10][15]. - **Competitive Landscape**: Competitors include original equipment manufacturers and large software companies, but Weir's breadth of products and customer support positions it favorably in the market [33]. Conclusion - **Vision for the Future**: Weir is committed to leading the mining technology sector by leveraging its comprehensive software solutions, strong customer relationships, and a focus on sustainability and productivity [43][61]. The company is well-positioned for accelerated growth and industry leadership in the coming years.

Core Insights - The partnership between Carlyle and Red Bull Racing represents a significant evolution in the finance industry, particularly in the context of private markets and their growing influence in sports sponsorships [3][4][50] - The collaboration emphasizes performance excellence, aligning the values of both organizations in their pursuit of success [5][10][12] Group 1: Partnership Dynamics - Carlyle's involvement in Formula One marks a notable shift as it becomes the first global investment firm to partner with the sport, highlighting the increasing intersection of finance and sports [50] - The partnership is characterized by a shared obsession with performance and a data-driven approach, fostering a natural connection between the two entities [9][10] - The collaboration aims to reach a broader global audience, capitalizing on the rapid growth of Formula One and its appeal to younger demographics [14][15] Group 2: Market Trends and Growth - The private markets have become a primary source of capital for many companies, reflecting a broader trend in the financial landscape over the past 30 years [3][22] - Formula One has experienced significant growth, with 40% of its global audience being female and under 35 years old, indicating a successful outreach strategy [14][15] - The influx of institutional money into sports, including sponsorships from firms like Carlyle, is reshaping the financial dynamics within the industry [13][46] Group 3: Leadership and Cultural Shifts - The leadership transition at Carlyle coincides with a cultural evolution in how the firm engages with retail and wealth clients, emphasizing performance as a core value [16][20] - The focus on talent and performance is paramount, with leaders encouraged to create environments that foster success and innovation [24][25] - The competitive landscape necessitates constant self-analysis and adaptation to better serve clients and maintain relevance in a changing market [17][18]