ImmunityBio Investor Presentation March 2026 1 Forward-Looking Statements and Intended Use This presentation and the accompanying verbal remarks contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements regarding data and results from clinical trials and potential implications therefrom, commercialization plans and timelines, including product availability and shipments, potential regulatory pathways and approval requests and submission ...

Summary of CD Projekt S.A. Extraordinary General Meeting Company Overview - **Company**: CD Projekt S.A. - **Event**: Extraordinary General Meeting - **Date**: March 11, 2026 Key Points Meeting Proceedings - The meeting was opened by Adam Kiciski, Co-Chair of the Supervisory Board, at 10:00 A.M. ET [1] - Voting instructions were provided, including the use of tablets for casting votes [2][3] Voting Results - **Chair Selection**: Agnieszka Kania was elected as the chair with 61,040,570 votes in favor, no votes against, and no abstentions [4] - **General Meeting Validity**: The meeting was confirmed to be validly convened with 61,040,570 shares represented, constituting 61.09% of the company's share capital [6][7] Resolutions Adopted - **Agenda Approval**: The general meeting agenda was approved unanimously with 61,040,570 valid votes cast in favor [8] - **Earnings Conditions and Incentive Program**: - Resolution number three regarding the determination of earnings conditions for the years 2026 to 2029 and the Incentive Program B was voted on. - Total amount for the Incentive Program B was set at PLN 5 billion. - Voting results: 57,558,558 votes in favor, 3,482,012 votes against, and no abstentions, leading to the resolution's passage [9][10] Additional Important Information - The meeting included remote participation from some shareholders, ensuring broader engagement [6] - The resolutions and their justifications were made available to attendees through tablets [5][8] This summary encapsulates the critical aspects of the extraordinary general meeting, highlighting the company's governance and strategic financial decisions.

Financial Data and Key Metrics Changes - Gold revenue increased by 20% to ZAR 44 billion, supported by a higher realized gold price and operational discipline [16] - EBITDA rose by 39% to ZAR 18 billion, while cash generated by operating activities increased by 36% to ZAR 14 billion [16] - Operating profit increased by 61% to ZAR 16 billion, and net profit rose by 24% to ZAR 10 billion [17] - Basic earnings per share increased to ZAR 15.63 [5] - Group all-in sustaining cost rose to ZAR 1.18 million per kilogram or $2,115 per ounce due to lower volumes and higher royalties [5][20] Business Line Data and Key Metrics Changes - Gold production for the reporting period was 724,000 ounces, impacted by a cyanide shortage and lower plant recoveries [4] - Underground recovered grades decreased by 11% to 5.7 grams per ton, while face grades mined remained in line with plans [4] - Hidden Valley's production was affected by a mill motor failure and shipping delays [4] Market Data and Key Metrics Changes - The company is geographically diversified with assets in South Africa, Papua New Guinea, and Australia, underpinned by approximately 136 million ounces in mineral resources and about 37 million ounces of mineral reserves [2] - South African royalties increased by 60% due to higher revenue and profitability [20] Company Strategy and Development Direction - The company aims to build enduring long-term value through safe, profitable ounces, quality reserve conversion, and disciplined copper scale alongside its gold portfolio [2] - Plans to bring approximately 100,000 tons per annum of copper online from CSA and Eva within the next 3-5 years [3] - The company is focused on optimizing cash flows and maintaining a strong balance sheet while investing in growth projects [8][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting full-year production, cost, and grade guidance despite short-term headwinds [5] - The company is well-positioned for growth, with a strong balance sheet and significant cash reserves [21] - Management emphasized the importance of safety and operational excellence as foundational to long-term value creation [6][25] Other Important Information - The interim dividend has more than doubled to ZAR 3.4 billion, reflecting strong operational and financial results [5][24] - The company has revised its dividend policy to allow for up to 50% of net free cash to be returned to shareholders [23] Q&A Session Questions and Answers Question: Impact of cyanide shortage and lower recoverability - Management confirmed that the cyanide shortage was a one-off issue and has been resolved, with measures in place to mitigate future risks [34][35] Question: Details on the new dividend policy - The revised policy allows for a base dividend of 30% of net free cash, with potential for an additional upside dividend based on leverage levels [39][23] Question: Synergies with existing assets and resource endowment - Management indicated a focus on returning resources and reserves to viable projects, particularly in the Free State [45] Question: Constraints on CSA mining operations - The main constraints at CSA are related to ventilation and infrastructure, with plans in place to address these issues [51][52] Question: Status of Wafi-Golpu project - Management highlighted the importance of obtaining permits for Wafi-Golpu and noted ongoing discussions with the Papua New Guinea government to advance the project [77][81]

Financial Data and Key Metrics Changes - Gold revenue increased by 20% to ZAR 44 billion, driven by a higher realized gold price and operational discipline [17] - EBITDA rose 39% to ZAR 18 billion, while cash generated by operating activities increased by 36% to ZAR 14 billion [17] - Operating profit increased by 61% to ZAR 16 billion, and net profit rose by 24% to ZAR 10 billion [18] - Basic earnings per share increased to ZAR 15.63, reflecting strong operational and financial results [5] - All-in sustaining cost rose to ZAR 1.18 million per kilogram or $2,115 per ounce due to lower volumes and higher royalties [5] Business Line Data and Key Metrics Changes - Gold production for the reporting period was 724,000 ounces, impacted by a cyanide shortage and lower plant recoveries [4] - The lost time injury frequency rate reached an all-time low of 4.23, indicating improved safety performance [4] - The South African high-grade underground mines produced at a solid 37% margin, while margins at the South African optimized underground assets doubled to 22% [8] Market Data and Key Metrics Changes - The company is geographically diversified with assets in South Africa, Papua New Guinea, and Australia, providing stability and growth potential [2] - South African royalties increased by 60% due to higher revenue and profitability [20] - The strong rand has lifted reported US dollar costs, but the company remains below the mid-range of all-in sustaining cost guidance [20] Company Strategy and Development Direction - The company aims to build enduring long-term value through safe, profitable ounces, quality reserve conversion, and disciplined copper scale alongside its gold portfolio [2] - Plans to bring approximately 100,000 tons per annum of copper online from CSA and Eva within the next 3-5 years to address cash flow stability [3] - The company is focused on optimizing long-life assets and prioritizing value over volume to enhance profitability and sustainability [3] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting full-year production, cost, and grade guidance despite short-term headwinds [5] - The company is well-positioned for growth, with a strong balance sheet and significant cash reserves to fund its growth pipeline [21] - Management emphasized the importance of safety and operational excellence as foundational to the company's strategy [26] Other Important Information - The interim dividend has more than doubled to ZAR 3.4 billion, reflecting a revised dividend policy that allows for up to 50% of net free cash to be returned to shareholders [5][24] - The company is actively assessing its capital structure to maintain an efficient balance sheet aligned with funding needs and cash flow strength [22] Q&A Session Summary Question: Impact of cyanide shortage and lower recoverability - Management confirmed that the cyanide shortage was a one-off issue and has been resolved, with measures in place to mitigate future risks [34][35] Question: Details on the new dividend policy - The board has discretion over dividends based on net debt to EBITDA levels, with a base dividend increased from 20% to 30% of net free cash [40][41] Question: Synergies with existing assets and resource endowment - The focus is on returning resources and reserves to viable projects rather than pursuing new acquisitions at inflated prices [46] Question: Constraints on CSA mining operations - The main constraints are related to ventilation and infrastructure, with plans to address these issues over the next 18-24 months [52][56] Question: Status of Wafi-Golpu project - The project is viewed as a generational asset, with ongoing efforts to secure necessary permits and advance discussions with stakeholders [76][80]

JSE ticker code HAR / NYSE ticker code HMY © Harmony #MiningWithPurpose H1FY26 RESULTS PRESENTATION Beyers Nel, CEO 11 March 2026 H1FY26 results presentation Safe harbour statement Disclaimer – Forward Looking Statements 2 This presentation contains forward-looking statements within the meaning of the safe harbour provided by Section 21E of the Exchange Act and Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), with respect to our financial condition, results of operations, busine ...

Financial Data and Key Metrics Changes - The company announced an interim dividend of ZAR 5.30 or $0.32 per share, with a record payout of ZAR 3.4 billion or $204 million, representing 43% of net free cash [3] - The rolling 12 months dividend yield is 2.2% [3] - Cash flow generation strength led to a revised dividend policy to enhance shareholder participation [3] Business Line Data and Key Metrics Changes - Gold production guidance remains between 1.4-1.5 million ounces, with underground recovered grades above 5.8 grams per ton [4] - All-in sustaining costs for gold operations are projected between ZAR 1.15 million and ZAR 1.22 million per kilogram [4] - Copper production guidance for FY26 is set at 17,500-18,500 tons, with C1 cash costs between $265-$280 per pound [4] Market Data and Key Metrics Changes - The company is experiencing a favorable gold price environment, contributing to strong financial performance [2] - The operational performance is on track to meet full-year production cost and grade guidance [2] Company Strategy and Development Direction - The company aims to reinforce its position as a higher quality, lower risk global producer of gold and copper [2] - Focus on safety and sustaining operations, with capital allocated to organic projects and advancing copper and gold scale where risk-adjusted returns are favorable [2] - The company is transitioning into a significant global gold and copper producer, emphasizing value creation for stakeholders [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting production guidance despite challenges such as a cyanide shortage impacting recoveries [12][14] - The company is working to reduce reliance on a sole supplier of liquid cyanide and has commissioned a cyanide dissolution plant [15] - Management is optimistic about the potential for upside in the CSA mine based on recent intercepts and ore body quality [20] Other Important Information - Group CapEx for FY26 has been updated to ZAR 18.5 billion, including capital expenditure for CSA and Eva Copper [4] - The company is addressing operational issues at Moab Khotsong and Mponeng, with management confident in the stated reserve grades [17][41] Q&A Session Summary Question: What caused the underground grade drop at Moab and Mponeng? - Management indicated that the drop was due to being out of the high-grade channel at Mponeng and operational issues at Moab [7][14] Question: What is the update on the Special Mining Lease at Wafi-Golpu? - Management noted ongoing negotiations and the appointment of an independent review team to facilitate progress [9][10] Question: How is the cyanide shortage affecting operations? - The shortage led to reduced recoveries, particularly in surface re-mining operations, but management is working to normalize supply and recoveries [12][14] Question: What are the challenges at CSA? - Management acknowledged challenges but expressed satisfaction with the ore body quality and ongoing improvements [19][20] Question: What is the potential for extending the life of the Hidden Valley mine? - Management believes it is possible to extend the mine life by lifting the tailings dam and is studying further options for significant extensions [46][48]

A leading industrial investment company focused on brands and consumer-oriented industries Investor Presentation 2026 Disclaimer This presentation has been prepared by Orkla ASA (the "Company") solely for information purposes. The presentation does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Certain statements included in this presentation contain various forward-looking statements that reflect management's current views with respect to future events and financial ...

Financial Data and Key Metrics Changes - The company reported a strong financial performance supported by an exceptional gold price environment, leading to a revised dividend policy that includes a base dividend and an upside participation model [2][3] - An interim dividend of ZAR 5.30 or $0.32 per share was declared, with a total payout of ZAR 3.4 billion or $204 million, representing 43% of net free cash flow [3] Business Line Data and Key Metrics Changes - Gold operations production guidance remains between 1.4 million oz and 1.5 million oz, with underground recovered grades above 5.8 g per tonne and all-in sustaining costs between ZAR 1.15 million and ZAR 1.22 million per kg [4] - Copper production guidance for FY 2026 is set between 17,500 and 18,500 tonnes, with C1 cash costs between $265 and $280 per pound [4] Market Data and Key Metrics Changes - The company experienced a 27% decrease in silver revenue, dropping to ZAR 740 million from ZAR 1 billion in the previous period, attributed to a 15% reduction in silver production at Hidden Valley [26] Company Strategy and Development Direction - The company aims to reinforce its position as a higher quality, lower risk global producer of copper and gold, focusing on safety and sustainable operations while selectively growing its portfolio [2] - The company is excited about the Eva Copper project, with a final investment decision announced and full construction ramping up, expecting first production by the end of calendar year 2028 [42] Management's Comments on Operating Environment and Future Outlook - Management noted that the cyanide supply has normalized, and they are working on reducing reliance on external suppliers [9] - The company is optimistic about its organic growth pipeline in gold, with plans to explore further surface re-mining opportunities [23] Other Important Information - The company has updated its capital expenditure for FY 2026 to ZAR 18.5 billion, including CSA and Eva projects, with CSA CapEx guided at ZAR 1.1 billion or $65 million [4][5] - The company is actively evaluating its capital structure, particularly regarding a bridge loan taken out for the CSA asset [30] Q&A Session Summary Question: Input cost inflation and supply issues - Management confirmed that the cyanide supply has normalized and they are working on contingency measures to reduce dependency on external suppliers [9] Question: CSA production capacity and CapEx guidance - Management explained that CSA's production guidance incorporates one-off stoppages for safety and rehabilitation, and they are confident in the ore body's quality [13][15] Question: Gold production levels and growth potential - Management indicated that recent production declines were due to specific operational issues and emphasized the potential for organic growth in gold production [21][23] Question: Silver price exposure and mitigation strategies - Management acknowledged a decrease in silver revenue and noted that they hedge silver but have not added new hedges due to current price levels [28] Question: Net debt situation and future cash management - Management expects to return to a net cash position by the end of the financial year, balancing capital allocation between sustaining the business and shareholder returns [29] Question: Plans for the Eva mine and opportunities in Australia - Management expressed excitement about the Eva project and highlighted their long-standing presence and operational capabilities in Australia [42][44] Question: Quality of gold production and expected grade levels - Management detailed the high-grade underground operations and their plans to maintain high-quality production through ongoing projects [56][58]

Financial Data and Key Metrics Changes - The company reported a strong financial performance supported by an exceptional gold price environment, leading to a revised dividend policy that includes a base dividend and an upside participation model based on pre-dividend net debt to EBITDA levels [2][3] - An interim dividend of ZAR 5.30 or $0.32 per share was declared, with a total payout of ZAR 3.4 billion or $204 million, representing 43% of net free cash flow [3] Business Line Data and Key Metrics Changes - Gold operations are guided to produce between 1.4 and 1.5 million ounces with underground recovered grades above 5.8 grams per tonne, and all-in sustaining costs between ZAR 1.15 million and ZAR 1.22 million per kilogram [4] - Copper production guidance for FY 2026 is set between 17,500 and 18,500 tons, with C1 cash costs between $265 and $280 per pound and recovered grades above 3.5% [4] Market Data and Key Metrics Changes - The company experienced a 27% decrease in silver revenue, down to ZAR 740 million from ZAR 1 billion in the previous period, attributed to a 15% reduction in silver production at Hidden Valley due to operational issues [25][28] Company Strategy and Development Direction - The company aims to reinforce its position as a higher quality, lower risk global producer of copper and gold, focusing on safety and sustainable operations while selectively growing its portfolio [2] - The company is excited about the Eva Copper project, with a final investment decision made and full construction ramping up, expecting first production by the end of calendar year 2028 [44] Management Comments on Operating Environment and Future Outlook - Management noted that the production decrease in gold was due to one-off events, including a mill motor failure at Hidden Valley and a force majeure on cyanide supply, but they expect recoveries to normalize [20][21] - The company is confident in its long-term prospects, citing a significant mineral reserve and ongoing organic projects to enhance gold production [22] Other Important Information - The company is actively working on increasing its cyanide distribution capacity to reduce reliance on external suppliers, which had previously caused operational disruptions [9][10] - Management emphasized the importance of maintaining a disciplined approach to capital allocation, balancing investments in operations with shareholder returns [29] Q&A Session Summary Question: Input cost inflation and cyanide supply issues - Management confirmed that the cyanide supply has normalized and they are working on contingency measures to mitigate future risks [9][10] Question: CSA mine production capacity - Management explained that the lower production guidance for CSA incorporates one-off stoppages for safety and maintenance, and they are confident in the ore body's quality [12][14] Question: Gold production levels and growth potential - Management attributed the decrease in gold production to specific operational issues and expressed optimism about future growth through organic projects [20][22] Question: Silver price exposure and hedging - Management acknowledged the decrease in silver revenue and confirmed that they do hedge silver but have not added new hedges recently due to current price levels [25][28] Question: Net debt situation and capital structure - Management expects to return to a net cash position by the end of the financial year and is evaluating options for managing their capital structure [29][30] Question: Update on Eva Mine and illegal mining concerns - Management provided an update on the Eva project, highlighting ongoing construction and expressed awareness of illegal mining activities but noted effective control measures in place [44][46]

© Harmony #MiningWithPurpose H1FY26 RESULTS PRESENTATION Beyers Nel, CEO 11 March 2026 JSE ticker code HAR / NYSE ticker code HMY H1FY26 results presentation Safe harbour statement Disclaimer – Forward Looking Statements 2 This presentation contains forward-looking statements within the meaning of the safe harbour provided by Section 21E of the Exchange Act and Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), with respect to our financial condition, results of operations, busine ...