Chief Executive Officer
3 Capital Markets Event December 2025
Today's focus areas
01 02
Our digital vision
Unlocking the potential for digital technology to drive productivity and sustainability in mining
Leading provider of next generation software
Connected, intelligent products
Outgrowing our markets
Enhancing our customer proposition and value creation opportunities
Accelerating our resilient and predicable growth model through new solutions and geographic expansion
Execution and M&A driving virtuous circle of growing total shareholder returns
Accelerating growth and compounding returns
4 Capital Markets Event December 2025
Agenda and speakers
1 Introduction
Jon Stanton | Chief Executive Officer
2 Software Solutions
Kristen Walsh | President, Software Solutions
Ivan Zelina | CTO, Micromine
20-minute recess
Software Q&A
ESCO growth initiatives
Performance Excellence
Jon Stanton and Kristen Walsh
Sean Fitzgerald | President, ESCO Division
Andrew Neilson | President, Minerals Division
Ole Knudsen | Director, NEXT digital solutions
Brian Puffer | Chief Financial Officer
8
Conclusion
Jon Stanton | Chief Executive Officer
30-minute recess
Q&A
Executive panel
5 Capital Markets Event December 2025
5
Minerals growth initiatives (incl. NEXT digital solutions)
Our journey toward greater total shareholder returns
2018 - 2020
Portfolio transformation
2021 - 2023
Operating leverage
2024 - 2026
Performance Excellence
2027 and beyond
Capital allocation decisions
Acquired ESCO
Divested Oil & Gas, Flow Control
Reduced leverage
Achieved investment grade debt rating
Right sized footprint
Investing for growth across all three focus areas
Bolt-on acquisitions
Other special returns as appropriate
Group adj. profit margin1
13.2 - 15.5%
15.3 - 17.4%
18.8 - c.20%
in 2025
Sustainably beyond 20%
cash flow | 83 - 84% | 67 - 87% |
conversion2 ROCE3 | 12.9% | 15.1% |
Free operating
90 - 100+%
17.7% as of 30
June 2025
90 - 100%
Focus on growing ROCE
6 Capital Markets Event December 2025
Continuing operations, as reported. 2025 based on full year guidance as of 31 July.
Continuing operations. 2024 full year operating cash flow conversion of 102%. 2025 full year guidance of 90-100%. Guidance for 2026 not yet provided.
Continuing operations, 2018-2020 and 2021-2023 average of as reported figures for years noted.
A compelling value creation opportunity with accelerating growthFocused mining technology leader with unique capabilities and high barriers to entry
Multi-decade market opportunity driven by demand for critical metals and adoption of new technologies to enable sustainable mining
Trusted brands
Leading technologies
Differentiated customer service
Increasing ore production/capex
Growing our addressable market
Gaining market share
Becoming a quality compounder with strong through cycle organic growth and compounding M&A
Sector leading margins
Consistent cash conversion
Driving TSR
7 Capital Markets Event December 2025
Focused mining technology leader -strategy in action
Achieve and sustain a zero harm workplace
Nurture our inclusive 'One Weir' culture
Create a future-ready workforce
enabled by AI
Purpose
We are here to enable the sustainable and efficient delivery of the natural resources essential to create a better future for the world.
Be recognised as a thought leader in the
transformation of mining
Deliver smart, efficient and sustainable
outcomes for customers
Grow faster than the market via
exceptional technology and service
Optimise customer fulfilment through
clean, lean and agile operations
Leverage technology to deliver high quality efficient business processes
Maintain best-in-class operating margins and cash conversion
Protect the core with continuous design
and value proposition enhancements
Broaden transformational solutions
offering across the mining value stream
Build the leading software solutions provider to the mining industry
8 Capital Markets Event December 2025
Multi-decade market opportunity drivers
Demand drivers
Supply response
Structural factors across our broad basket of commodity exposures
Licence to operate
+ Acknowledgement of the importance of mining and producing metals in a responsible and sustainable manner
Technology adoption
+ Unprecedented broad-based innovation and the application of AI across the mining sector
+ Geopolitical uncertainty and defence spending
Brownfield expansion and debottlenecking
+ Growing economic incentive to bring more metals to the market from all mines, including those with declining grades
9 Capital Markets Event December 2025
Deglobalisation and reshoring
+
AI and data infrastructure
+
Global energy transition
+
Urbanisation and rising living standards
+
Global population growth
+
Policy intervention to accelerate greenfield projects
Increased focus on security of supply of critical minerals
+
Translating market drivers into growth
Installed base expansion
Resilient and predictable growth
Investing for growth
OE projects
Aftermarket
Software
M&A
c.£500m+ p.a.
Mid-high single digit
20-30% growth1
Bolt-ons
Greenfield | Brownfield Debottlenecking Productivity
Growing potential for CAPEX cycle
Production and ore grades Installed base expansion TCO pricing
Inelastic to commodity cycles
Software adoption Geographic expansion Value based pricing
Strong recurring revenue model
Digital
Product extension Geographic expansion
Disciplined acquisition criteria
Compounding business model with mid to high single digit growth through the cycle
10 Capital Markets Event December 2025 1. Management projections
Investing in M&A to further accelerate our organic growth strategy
Acquisition criteria
Accelerate our strategy
Consistent with AM business model
ROIC > WACC by the end of third year of ownership
Within leverage guidance, maintain investment grade
Micromine
Leading software provider
to mining industry significantly accelerating Weir digital strategy
High performing, high growth business of scale providing entry to the software market
Fast2Mine
Complements Micromine's suite of mine planning software, expanding the mine management solution offering to both open-pit and underground operations
CiDRA
Global collaboration agreement to commercialise P29 separation technology leveraging Weir footprint and process knowledge
Townley
Enhanced North American and phosphate market presence
Completes Minerals global casting capacity needs
EV £624m
Investment not disclosed
Investment not
disclosed EV £111m
Focus area Digital Product extension Geographic expansion
11 Capital Markets Event December 2025
Our commitments to stakeholders
Growth
Outgrowing our markets
Margins
Expanding our margins
Returns
Converting earnings into cash and returns
Resilience
Providing resilience and predictability
Sustainability
Delivering for people and planet
Mid to high single digit % organic revenue growth through the cycle
Operating profit margin sustainably above 20% from 2026
90-100% free operating cash conversion; focus on growing ROCE
80% AM business growing at c.7% CAGR
Accelerate sustainable mining; deliver sustainable Weir
Prioritising Total Shareholder Returns
12 Capital Markets Event December 2025
Productivity and sustainability are the largest challenges facing the mining industry
Mining today Technology transformation
Processing millions of tonnes of earth
per day, small operational changes quickly compound, to the upside and downside
Given clear demand for critical metals, customers recognise the
need for new solutions to drive growth
+ Legacy equipment and processes
+ Analogue control systems
+ Manual decision making
+ Innovative process technology
+ Real time data and digital enablement
+ AI-enhanced process automation
Higher yields from connected, optimised processes
13 Capital Markets Event December 2025
Attachments
Disclaimer
The Weir Group plc published this content on December 19, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on December 19, 2025 at 13:09 UTC.
