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.

Financial Performance & Targets - The company aims to sustainably exceed 20% operating profit margin from 2026[9, 28, 156] - The company targets 90-100% free operating cash flow conversion[9, 28] - The company's aftermarket (AM) business is growing at approximately 7% CAGR[28] Growth Strategies - The company is focused on mid to high single-digit percentage organic revenue growth through the cycle[28] - The company's software solutions are projected to grow at 20-30% annually[24, 50] - ESCO aims to increase its total addressable market (TAM) by approximately 10% by going direct in Chile[93] Software Solutions (Micromine) - Micromine has a 93% customer retention rate[55] - Micromine operates in a £3.8 billion total addressable market, with Micromine currently representing £100 million of that market[43, 50] - 75% of Micromine's customer-facing team are geologists and mining engineers[39] Minerals Division - The company has a £40 million contract win for a sustainable tailings solution in Chile[118] - NEXT intelligent solutions have driven a £10 million annual sales uplift in one region[133] - The company estimates savings of up to $150,000 per hour by avoiding downtime through AI-driven predictive analytics[131]