2025 R&D Update and ASH Data Review December 11, 2025 © Genmab 2025 This presentation contains forward looking statements. The words "believe", "expect", "anticipate", "intend" and "plan" and similar expressions identify forward looking statements. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding our financial position, business strategy, plans and objectives of management for future operations (including development plans ...

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Project Overview - Lifezone Metals owns 84% of the Kabanga Nickel Project, a world-class, high-grade, development-ready nickel-copper-cobalt sulfide deposit[35] - The Kabanga project has proven and probable mineral reserves of 43.9 million tonnes grading 1.98% nickel, 0.27% copper, and 0.15% cobalt[95] - The project is expected to have an 18-year mine life with a steady-state throughput of 3.4 million tonnes per annum[36] - The project's after-tax NPV8% is $1.58 billion and the after-tax IRR is 23.3% at $8.49/lb Ni[36] Financials and Costs - The Kabanga project has a first quartile AISC (All-In Sustaining Cost) of $3.36/lb Ni net of credits[36] - The Life of Mine revenue is projected to be $14.1 billion, with an after-tax free cash flow of $4.6 billion[50] - The project has a high capital efficiency of 1.4x (NPV/pre-production CAPEX)[36] Strategic Importance - Nickel is critical for U S energy requirements and industries, including battery energy storage for AI, stainless steel, aerospace, and defense[18, 20, 22, 23] - Lifezone's Kabanga Project is a strategic critical metals asset, one of the largest and highest-grade development-ready nickel sulfide deposits[28] - The project is fully permitted with execution readiness underway, and political risk insurance and project finance discussions are in progress[32] Recycling Project - Lifezone is pursuing a Platinum, Palladium, and Rhodium (PGM) recycling project in the USA with Glencore[32, 65] - Glencore has invested $1.5 million for 6% of the PGM recycling project, with an option to fund 50% of the project capex[71]

Financial Performance - Q3 2025 - Revenues reached $41.4 million, a 25.5% increase compared to $33.0 million in Q3 2024, driven by drybulk fleet additions[5] - Operating income increased significantly to $10.3 million in Q3 2025, a roughly 72% increase ($4.3 million) compared to Q3 2024 and a 22.6% increase ($1.9 million) compared to Q2 2025[6] - EBITDA for Q3 2025 was $17.9 million, a 46.7% increase compared to $12.2 million in Q3 2024[6] - Net income for Q3 2025 was $11.0 million, compared to $10.0 million in Q3 2024[6] Financial Performance - 9M 2025 - Net income for 9M 2025 reached $35.0 million[6] - EBITDA for 9M 2025 was $49.7 million[6] - Operating cash flow generation for 9M 2025 was $57.0 million[6] Liquidity and Fleet - Cash and cash equivalents, including time deposits, amounted to approximately $100 million as of September 30, 2025, with a current cash base of about $172 million[6] - The company concluded a capital raise of $60 million through a registered direct equity offering, intended for further fleet growth[6] - Fleet operational utilization for Q3 2025 was 88.7%, compared to 65.6% in Q3 2024[6] - Approximately 75% of the total fleet calendar days were dedicated to time charter activity, while about 25% were dedicated to spot activity[4]

GENERATIVE AI DRUG CREATION ABS-201 KOL SEMINAR ABSCI CORPORATION 2025 ALL RIGHTS RESERVED Disclaimers Forward-Looking Statements Certain statements in this presentation that are not historical facts are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements containing the words "will," "may," "anticipates," "plans," "believes," "forecast," "estimates," "expects," "predic ...

Financial Performance - Q4 FY2025 - Revenue for Q4 FY25 was $81.2 million, compared to $96.4 million in Q4 FY24[15] - EBITDA for Q4 FY25 was $6.6 million, compared to $10.7 million in Q4 FY24[15] - Free Cash Flow for Q4 FY25 was $10.7 million, compared to $12.2 million in Q4 FY24[15] Financial Performance - Full Year FY2025 - Revenue for FY25 was $344.5 million, compared to $395.9 million in FY24[18] - EBITDA for FY25 was $23.0 million, compared to $42.0 million in FY24[18] - Free Cash Flow for FY25 was $34.0 million, compared to $26.5 million in FY24[18] Debt and Capital Allocation - Total debt was reduced by $10.7 million in Q4 to $131.6 million[9, 20] - Mandatory term debt is paid through September 30, 2026, a year ahead of schedule[9, 22] Strategic Updates - DLH received CMMC Level 2 certification, positioning the company for high-value business in defense markets[9] - DLH was awarded an NIH Office of Information Technology contract[9]

Pedra Branca Royalty Acquisition - Gold Royalty Corp is set to acquire a royalty over the Pedra Branca mine in Brazil for $70 million in cash from BlackRock World Mining Trust plc[9, 39] - The royalty terms include a 25% net smelter royalty (NSR) on gold and a 2% NSR on copper[9, 39] - The royalty covers the Pedra Branca East and West deposits without step-downs or buybacks[9, 39] - The Pedra Branca East mine achieved first production in 2020 as a 1.0 million tonnes per annum (Mtpa) operation[9, 39] Financial Performance and Outlook - The royalty generated approximately $7.9 million in revenue for the 12 months ended June 30, 2025, equivalent to approximately 2,800 gold equivalent ounces (GEOs)[15, 39] - Gold Royalty is now debt-free with nearly $100 million in available cash and unused credit facilities[16] Asset Details - Pedra Branca is located in the Carajás region of Brazil's Pará state[9, 39] - Mineral resources at Pedra Branca are estimated at 26 million tonnes (Mt) at 0.41 g/t Au and 1.38% Cu[21] - The mine has proven reserves of 1.3 Mt at 0.48 g/t Au and 1.80% Cu, and probable reserves of 3 Mt at 0.49 g/t Au and 1.85% Cu[26] Ownership and Strategic Support - CoreX Holding BV agreed to acquire Pedra Branca from BHP on August 18, 2025[9, 39] - CoreX Holding is a global holding company operating across 10 industries, with a focus on metals and mining[35] - Strategic investors and insiders hold 10% of the company's shares, with institutional investors holding 10% and public and other investors holding 8%[37]

I N V E S T O R U P D A T E | D E C E M B E R 1 1 , 2 0 2 5 Agenda Welcome and Agenda Built to Win & Built to Last Lori Flees, President & Chief Executive Officer Operational Excellence Linne Fulcher, Chief Operating Officer Break Franchise Advantage & Growth Drivers Adam Worsham, Chief Franchising Officer Clear Roadmap to Accelerating Growth and Driving Performance Kevin Willis, Chief Financial Officer Q&A 2 Safe Harbor Forward-Looking Statements Certain statements herein, other than statements of historic ...

Strategic Goals - Weyerhaeuser aims to add $1.5 billion of incremental Adjusted EBITDA by 2030, measured against a 2024 baseline[11, 14] - The company targets a cash return to shareholders of 75-80% of Adjusted Funds Available for Distribution (Adjusted FAD) annually[14, 96] - The company has recycled ~$850 million of non-core Timberlands from 2022-2025[54] - The company has completed More Than $1.2B of High-Quality Acquisitions from 2022-2025[54] Business Performance & Growth Initiatives - Timberlands & Strategic Land Solutions generated ~$850 million to $1.2 billion Annual Adjusted EBITDA range over the last 8 years[39] - Wood Products generated ~$1.5 billion Annual Adjusted EBITDA 8-Year Average[41] - The company has identified $1 billion of line-of-sight growth initiatives by 2030[68] - For every $100 per MBF change in lumber prices, the company generates $500 million in annual Adjusted EBITDA[76] - The company has increased annual Adjusted EBITDA to $100 million from Climate Solutions in 2025[54] Market & Operational Advantages - Weyerhaeuser holds 10.4 million acres of timberlands in the U S and licenses 13 million acres in Canada[18] - The company's distribution business covers 70% of the new residential construction market[174] - The company captured $175 million in OpX Improvements Across Our Businesses from 2022-2025E[54]

Company Overview - Culp Inc is a major player in North America's mattress and upholstery fabrics market[6] - The company's fiscal year 2025 revenue was $213.2 million[7] - The bedding segment accounted for 53% of fiscal 2025 revenue, while the upholstery segment accounted for 47%[8] Liquidity and Financial Position - As of November 2, 2025, Culp had a total liquidity of $28.1 million, potentially increasing to $31.1 million with estimated proceeds from a Canadian real estate sale[16] - The company has U S Federal NOL carryforwards totaling approximately $88.1 million as of April 27, 2025[17] Restructuring and Cost Savings - Culp completed restructuring actions in fiscal year 2025 projected to yield $10 to $11 million in annualized cost savings and efficiency gains[21] - Additional integration actions in fiscal year 2026 are expected to generate approximately $8 million in total annualized additional benefits[32] - Total cost and efficiency actions are projected to save approximately $17.5 million annually, with pricing initiatives expected to add another $2.5 million, totaling approximately $20 million in combined savings and revenue gains[33] Market Conditions and Outlook - The company anticipates a potential recovery in the bedding market, with UBS forecasting 4% growth in 2026 and 8% growth in 2027[46] - Historical data suggests that bedding industry downturns since 1980 have never exceeded 4 years, followed by periods averaging 4% growth[54, 56]