Sprott Inc. Q3 2021 Earnings Conference Call

Sprott Inc. (NYSE/TSX: SII)

Q3 2021 Results

November 5, 2021

Forward-looking Statements

Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the forgoing, this presentation and the accompanying oral remarks contain Forward-Looking Statements pertaining to: (i) the potential purchase by Sprott Asset Management LP of exclusive licensing rights to the index tracked by the North Shore Global Uranium ETF (URNM); (ii) belief that we are in the early innings of new uranium bull market; ; (iii) planning new private strategies to serve growing institutional client base; (iv) potential to launch new products on exchange-listed products platform; (v) continuing to evaluate further tuck-in acquisition opportunities and new product launches; and (vi) the declaration, payment and designation of dividends.

Although the Company believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-Looking Statements, including, without limitation: (i) the impact of increasing competition in each business in which the Company operates will not be material; (ii) quality management will be available; (iii) the effects of regulation and tax laws of governmental agencies will be consistent with the current environment; (iv) the impact of COVID-19; and (v) those assumptions disclosed under the heading "Critical Accounting Estimates, Judgments and Changes in Accounting Policies" in the Company's MD&A for the period ended September 30, 2021. Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize, including: (i) difficult market conditions; (ii) poor investment performance; (iii) failure to continue to retain and attract quality staff; (iv) employee errors or misconduct resulting in regulatory sanctions or reputational harm; (v) performance fee fluctuations; (vi) a business segment or another counterparty failing to pay its financial obligation; (vii) failure of the Company to meet its demand for cash or fund obligations as they come due; (viii) changes in the investment management industry; (ix) failure to implement effective information security policies, procedures and capabilities; (x) lack of investment opportunities; (xi) risks related to regulatory compliance; (xii) failure to manage risks appropriately; (xiii) failure to deal appropriately with conflicts of interest; (xiv) competitive pressures; (xv) corporate growth which may be difficult to sustain and may place significant demands on existing administrative, operational and financial resources; (xvi) failure to comply with privacy laws; (xvii) failure to successfully implement succession planning; (xviii) foreign exchange risk relating to the relative value of the U.S. dollar; (xix) litigation risk; (xx) failure to develop effective business resiliency plans; (xxi) failure to obtain or maintain sufficient insurance coverage on favorable economic terms; (xxii) historical financial information being not necessarily indicative of future performance; (xxiii) the market price of common shares of the Company may fluctuate widely and rapidly; (xxiv) risks relating to the Company's investment products; (xxv) risks relating to the Company's proprietary investments; (xxvi) risks relating to the Company's lending business; (xxvii) risks relating to the Company's brokerage business; (xxviii) the potential risk that the transaction and the related fund reorganization will not be approved by the Board of Trustees of Exchange Traded Concepts Trust, by the Board of Trustees of Sprott Funds Trust or by the shareholders of URNM; (xxix) failure to, in a timely manner, or at all, obtain the other necessary approvals for the transaction and related fund reorganization; (xxx) failure of the parties to otherwise satisfy the conditions to complete the transaction and related fund reorganization; (xxxi) the effect of the announcement of the transaction and related transaction on URNM generally and other customary risks associated with transactions of this nature; (xxxii) those risks described under the heading "Risk Factors" in the Company's annual information form dated February 25 2021; and (xxxxiii) those risks described under the headings "Managing financial risks" and "Managing non-financial risks" in the Company's MD&A for the period ended September 30, 2021. In addition, the payment of dividends is not guaranteed and the amount and timing of any dividends payable by the Company will be at the discretion of the Board of Directors of the Company and will be established on the basis of the Company's earnings, the satisfaction of solvency tests imposed by applicable corporate law for the declaration and payment of dividends, and other relevant factors. The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and the Company does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

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Speakers

	Peter Grosskopf,		Whitney George,
	CEO,		President,
	Sprott Inc.		Sprott Inc.

	John Ciampaglia,		Kevin Hibbert
	CEO,		CFO,
	Sprott Asset		Sprott Inc.
	Management

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Q3 and YTD 2021 Highlights

• Strong quarter despite lackluster precious metals prices o Fund flows continuing to drive asset growth
• Sprott Physical Uranium Trust ("SPUT") launch has exceeded expectations

o Since July, SPUT has grown from $630MM in AUM to $1.6B as of October 31, 2021

• Expanding uranium franchise with URNM transaction

• 1. Transaction expected to add approximately $900MM in AUM
• Streaming and Royalty strategy raised $400MM in Q3
• AUM surpassed $20 billion, subsequent to the end of third quarter

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AUM Summary

• AUM was $19 billion as at September 30, 2021, up $0.5 billion (3%) from June 30, 2021, and up $1.6 billion (9%) from December 31, 2020

AUM (in $billions)

		18.6	19.0
17.4
17.1	1.5	1.4
1.3	1.4	1.0	1.4
1.0	1.0	2.7	2.4
2.8	2.5
					Other
					Lending
					Managed Equities
12.2	12.2	13.4	13.8		Exchange Listed Products

31/Dec/20

31/Mar/21

30/Jun/21

30/Sep/21

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