This Investor Presentation includes a summary of various financial and operating information contained in the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2025, and other filings with the Securities and Exchange Commission. You should carefully review the information contained in the Company's filings with the Securities and Exchange Commission in conjunction with the financial and operating information in this Investor Presentation. August 2025 Legal Disclaimer Investor Presentatio ...

Largest Silver Producer in U.S. and Canada SECOND QUARTER 2025 Conference Call RESPONSIBLE. SAFE. INNOVATIVE. Cautionary Statements HECLA MINING COMPANY NYSE: HL SECOND QUARTER 2025 CONFERENCE CALL Cautionary Statement Regarding Forward-Looking Statements, Including 2025 Outlook This presentation and the related news release and conference call contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1 ...

Strategic Transaction & Company Overview - Pershing Square invested $900 million in HHH, purchasing 9 million newly issued shares at $100 per share, representing a 48% premium[12] - Pershing Square's beneficial ownership increased to approximately 469%, with voting power capped at 40% and beneficial ownership limited to 47%[12] - Howard Hughes is transforming into a diversified holding company seeking controlling stakes in high-quality, durable growth companies while continuing to invest and grow the core real estate development business[12] - Howard Hughes has 34,000 acres of raw land[16] Financial Performance - The company's 2024 Master Planned Communities (MPC) Earnings Before Tax (EBT) was $349 million[18] - The company's 2024 Adjusted Condo Gross Profit was $211 million[20] - The company's 2024 Operating Assets Net Operating Income (NOI) was $257 million[23] - The company's Adjusted Operating Cash Flow for 2025 is projected to be $410 million[42] Operating Assets - Operating Assets In-Place NOI is $265 million with $353 million expected at stabilization[100]

Second Quarter 2025 Results August 7, 2025 goldroyalty.com / NYSE: GROY Disclaimer Cautionary Note Regarding Forward-Looking Statements This presentation includes information and statements that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding: the estimated future GEOs and contractual payments of Gold Royalty Corp. (the " ...

Financial Performance - Sales for Q2 2025 were $106.5 million, compared to $99.6 million in Q2 2024[10] - Net income attributable to Rayonier Inc was $408.7 million in Q2 2025, compared to $1.9 million in Q2 2024[10] - Adjusted EBITDA for Q2 2025 was $44.9 million, compared to $33.3 million in Q2 2024[10] - Cash Available for Distribution (CAD) for the six months ended June 30, 2025, was $46.7 million, compared to $38.4 million for the same period in 2024[10] Segment Performance - Southern Timber operating income for Q2 2025 was $12.6 million, compared to $17.1 million in Q2 2024[12] - Pacific Northwest Timber operating income for Q2 2025 was $1.6 million, compared to a loss of $1.5 million in Q2 2024[12] - Real Estate operating income for Q2 2025 was $9.8 million, compared to $0.5 million in Q2 2024[12] - Southern Timber YTD Adjusted EBITDA was $55.4 million, compared to $78.7 million in the same period of 2024[15] - Pacific Northwest Timber YTD Adjusted EBITDA was $13.3 million, compared to $10.6 million in the same period of 2024[15] - Real Estate YTD Adjusted EBITDA was $20.6 million, compared to $9.1 million in the same period of 2024[15] Discontinued Operations - The company sold its 77% New Zealand joint venture interest on June 30, 2025, which is reflected as discontinued operations[10] - Total sales from discontinued operations for the six months ended June 30, 2025, were $109.3 million[40] - Income from discontinued operations for the six months ended June 30, 2025, was $406.3 million, including a gain on sale of $404.4 million[40]

Financial Performance - Net sales decreased to $4001 million in Q2 2025 from $4326 million in Q2 2024[6] - Adjusted EPS decreased to $075 per diluted share in Q2 2025 from $102 per diluted share in Q2 2024[6] - EBITDA decreased to $352 million in Q2 2025 from $394 million in Q2 2024[6] - Gross margin expanded to 170% in Q2 2025 from 168% in Q1 2025[5] Segment Performance - Supply Technologies net sales decreased to $187 million in Q2 2025 from $203 million in Q2 2024, with adjusted operating income decreasing to $167 million from $192 million[8,9] - Assembly Components net sales decreased to $95 million in Q2 2025 from $103 million in Q2 2024, with adjusted operating income decreasing to $61 million from $69 million[12,14] - Engineered Products net sales decreased to $118 million in Q2 2025 from $127 million in Q2 2024, with adjusted operating income decreasing to $64 million from $73 million[17,18] Backlog and Bookings - Engineered Products backlog increased by 19% to $172 million at June 30, 2025, from $145 million at year-end[5,19] - Record quarterly bookings of new capital equipment totaled $85 million, including a $47 million order in the Engineered Products segment[5] Outlook - The recent refinancing is expected to reduce Adjusted EPS by approximately $020 per diluted share[20] - Full-year 2025 net sales are expected to be between $1620 billion and $1650 billion[20] - Full-year 2025 Adjusted EPS is expected to be between $290 and $320 per diluted share[21] - Free cash flow is expected to improve from FY2024 and approximate $20 million to $30 million in FY2025[21]

This presentation contains historical information, as well as forward-looking statements (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 (the "Exchange Act")) that involve known and unknown risks and relate to, among other things, future events, projections, financial guidance, legislative or regulatory developments, strategy or growth opportunities, our future financial performance, our projected business resul ...

Second-Quarter 2025 Review August 6, 2025 Forward-Looking Statements and Ownership Structure This presentation contains forward-looking statements. Western Midstream Partners, LP ("WES") believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this presentation. These factors ...

Risks and uncertainties that could cause actual results to differ materially from the Company's expectations include, but are not limited to: the impact of tariffs and other trade measures; changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations; demand for its products, which is variable and subject to factors beyond its control; fluctuation in the prices of, or disruption in its ability to source, components and raw materials, a ...

Financial Performance - The company's net asset value per share decreased slightly to $15.03, compared to $15.14 as of March 31, 2025 [2] - Adjusted net investment income per share increased to $0.4030, up from $0.3930 as of March 31, 2025 [2] - Adjusted net income per share decreased to $0.2730, down from $0.3230 as of March 31, 2025 [2] - The company declared a Q2 2025 total dividend per share of $0.39, resulting in an annualized dividend yield of 10.4% [2] Portfolio Composition and Activity - The total portfolio at fair value was $16.9 billion, compared to $17.7 billion as of March 31, 2025, comprising 233 portfolio companies compared to 236 as of March 31, 2025 [2] - New investment commitments (net of sell downs) amounted to $1.1 billion, while net fundings were ($1.0) billion [2] - Investments on non-accrual represent 1.6% and 0.7% of total portfolio at cost and fair value, respectively [2] - Senior secured investments represent 81% of the portfolio, with 76% being first lien investments and 98% being floating rate debt investments [5, 12] Balance Sheet and Liquidity - The company has $4.1 billion of liquidity in cash and undrawn debt [2] - Debt to equity ratio decreased to 1.17x, down from 1.26x as of March 31, 2025 [2] - Unsecured debt comprises 59% of the debt funding mix [2, 30]