Clermont-Ferrand, March 7th, 2025 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Partnership Limited by Shares (commandite par actions) having a capital of EUR 352,873,636Registered in the CLERMONT-FERRAND Trade and companies register under number 855 200 887Head office: 23, place des Carmes-Déchaux - 63000 Clermont-Ferrand, France Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital (Articles L.233-8 of the French Commercial Code and 223-16 of the Gen ...

Group 1 - The company Michelin has initiated a securities repurchasing program, specifically for its ordinary shares, with the ISIN code FR 0000121261 [1] - On March 5, 2025, Michelin acquired a total of 36,500 shares at an average price of €34.0013 per share through over-the-counter transactions [1] - The repurchase is part of a broader strategy to manage capital and enhance shareholder value [2]

Group 1: Earnings Performance - MoneyLion Inc. reported quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.54 per share, and compared to a loss of $0.39 per share a year ago, representing an earnings surprise of -74.07% [1] - The company posted revenues of $158.59 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.07%, and this is an increase from year-ago revenues of $112.96 million [2] - Over the last four quarters, MoneyLion has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - MoneyLion shares have lost about 0.6% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.47 on revenues of $157.21 million, and for the current fiscal year, it is $3.81 on revenues of $660.12 million [7] Group 3: Industry Context - The Financial Transaction Services industry, to which MoneyLion belongs, is currently in the top 50% of over 250 Zacks industries, indicating that stocks in this category tend to outperform those in the bottom 50% by a factor of more than 2 to 1 [8] - The estimate revisions trend for MoneyLion is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39346 MoneyLion Inc. (Exact name of registrant as specified in its charter) | Delaware | | 85-0849243 | | --- | --- | --- | | (State or other j ...

Financial Performance - FY 2024 record revenue of $546 million, up 29% year-over-year[1] - FY 2024 net income of $9 million, compared to a net loss of $45.2 million in FY 2023[5] - FY 2024 adjusted EBITDA of $92 million, representing a 17% adjusted EBITDA margin[1] - Adjusted EBITDA for Q4 2024 increased 55% to $25.6 million compared to Q4 2023[5] - Q4 2024 total revenue increased 40% to $158.6 million compared to Q4 2023[4] - Total revenue for the twelve months ended December 31, 2024, was $545,905,000, an increase of 29% from $423,431,000 in 2023[33] - Service and subscription revenue rose to $533,019,000, up from $411,238,000, reflecting a growth of 30%[33] - Net income for the year was $9,146,000, compared to a net loss of $45,245,000 in the previous year, marking a significant turnaround[33] - Adjusted EBITDA for the same period was $91,970, significantly up from $46,413 in 2023, reflecting a strong operational performance[39] Customer and Product Growth - Total customers grew 46% year-over-year to 20.4 million in FY 2024[6] - Total products increased 48% year-over-year to 34.1 million in FY 2024[6] - Total originations grew 32% year-over-year to $853 million in Q4 2024[6] - Total customers reached a cumulative number of accounts opened, including various financial products, although specific figures were not disclosed[27] Expenses and Financial Health - Total operating expenses increased to $519,255,000 from $428,776,000, primarily driven by higher compensation and marketing costs[33] - The allowance for credit losses on consumer receivables improved to $11,620,000 from $35,329,000, indicating better credit quality management[34] - Cash reserves increased to $139,976,000 from $92,195,000, providing a stronger liquidity position[34] - Total liabilities decreased to $227,646,000 from $258,036,000, reflecting improved financial health[34] - Stock-based compensation expense rose to $27,793 from $22,896 in 2023, reflecting increased employee incentives[39] - Interest related to corporate debt decreased to $9,794 from $13,037, indicating a reduction in financing costs[39] Cash Flow and Investments - Net cash provided by operating activities increased to $201,019, compared to $116,346 in the previous year, indicating improved cash flow management[37] - The net cash used in investing activities decreased to $68,446 from $127,565, showing a reduction in investment outflows[37] - Cash and restricted cash at the end of the period totaled $150,439, up from $94,479 at the beginning of the period[37] Acquisition and Corporate Changes - MoneyLion entered into a definitive agreement to be acquired by Gen Digital, expected to close in the first half of FY 2026[7] - MoneyLion will not host an earnings conference call or provide financial guidance due to the announced acquisition[8] Other Financial Metrics - The company reported a weighted average share count of 10,907,441 for basic earnings per share, compared to 9,614,309 in the previous year[33] - The company reported a loss on the sale of consumer receivables amounting to $39,914, which was a new entry in the current year[37] - The company incurred a goodwill impairment loss of $26,721 in 2023, which was not present in the current year[39] - The change in fair value of contingent consideration from mergers and acquisitions was zero in 2024, compared to a loss of $6,613 in 2023[39]

Group 1 - Fitch Ratings upgraded Michelin's Long-Term Issuer Default Rating (IDR) from 'A-' to 'A', with a Stable outlook on February 21, 2025 [1] - The upgrade reflects Michelin's strong free cash flow generation despite challenging end-markets and highlights its robust business profile, primarily driven by replacement demand and a diversified footprint [2] - This upgrade follows previous ratings from Scope Ratings and Moody's, which also recognized Michelin's strong credit profile [3]

Company Performance - MoneyLion Inc. ended the recent trading session at $86.30, showing a -0.15% change from the previous day's closing price, underperforming compared to the S&P 500 which gained 0.24% [1] - Over the past month, shares of MoneyLion Inc. have decreased by 0.2%, while the Business Services sector increased by 11.34% and the S&P 500 rose by 2.37% [1] Earnings Projections - MoneyLion Inc. is projected to report earnings of $0.54 per share, reflecting a year-over-year growth of 238.46% [2] - The consensus estimate anticipates revenue of $149.51 million, indicating a 32.36% increase from the same quarter last year [2] Analyst Estimates - Recent modifications to analyst estimates for MoneyLion Inc. are crucial as they reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which incorporates estimate changes, provides a functional rating system for stock performance [4] Zacks Rank and Valuation - MoneyLion Inc. currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [5] - The company is trading at a Forward P/E ratio of 22.72, which is a premium compared to the industry's average Forward P/E of 15.22 [5] Industry Overview - The Financial Transaction Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries [6] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [6]

Financial Performance - Michelin reported segment operating income of €3.4 billion in 2024, with a free cash flow of €2.2 billion, showcasing adaptability to market conditions [1][9] - Group sales amounted to €27.2 billion, reflecting a 4.1% decline from €28.3 billion in 2023, with a 5.1% decrease in tire volumes [8][42] - The segment operating margin was maintained at 12.4%, with a slight decrease from 12.6% in 2023 [10][42] Segment Analysis - Automotive & Two-wheel segment achieved an operating margin of 13.1%, supported by a strong sales mix, with 65% of MICHELIN-branded passenger car tire sales being 18 inches or larger [3][51] - Road transportation segment confirmed an operating margin recovery at 9.0%, with operating income growing by 26% despite a slowdown in original equipment (OE) markets [4][56] - Specialty segment faced a temporary drop in sales and operating margin due to depressed OE markets in agricultural and construction activities, although growth was noted in aircraft and polymer composite solutions [5][58] Market Conditions - The global passenger car and light truck tire market grew by 2% in 2024, driven by a 4% increase in replacement sales, despite a 2% decline in OE demand [14][20] - In Europe, OE demand for passenger car and light truck tires declined by 7%, while North America saw a 2% decrease [15][17] - The truck tire market (excluding China) improved slightly by 1%, with a 7% decline in OE sales offset by a 3% growth in replacement demand [27][30] Strategic Initiatives - Michelin continues to implement its "Michelin in Motion 2030" strategy, focusing on maintaining competitiveness through industrial restructuring in various countries [6][67] - The company anticipates slight growth in tire markets for 2025, with expectations to improve segment operating income and generate over €1.7 billion in free cash flow before acquisitions [7][9] - The Group aims to achieve carbon neutrality in manufacturing and energy use by 2050, with a 37% reduction in carbon emissions compared to 2019 [88][89]

Core Insights - Stifel Financial Corp. has launched Stifel Discover, a new content feed within its Wealth Tracker app, aimed at enhancing client engagement with timely and personalized financial insights [1][2][5] - The initiative is a collaboration with MoneyLion, leveraging its content-as-a-service platform to deliver a high standard of financial content personalization [2][3] Group 1: Stifel Discover Features - Stifel Discover provides seamless access to relevant financial intelligence, allowing clients to navigate the complex market landscape effectively [1] - The platform offers exclusive analysis and commentary from Stifel's Chief Investment Officer, Chief Economist, and other thought leaders, tailored to users' specific portfolios and financial goals [5] - The feed updates throughout the day, ensuring users receive the most relevant content based on their preferences and market movements [5] Group 2: Partnership with MoneyLion - MoneyLion's expertise in delivering personalized content experiences enhances Stifel Discover's capabilities, creating an exceptional client experience [2][3] - The partnership aims to keep users informed and engaged in their financial journey, setting a new standard for content-driven engagement in wealth management [3] Group 3: Wealth Tracker App - The Stifel Wealth Tracker app aggregates users' assets and liabilities, providing a comprehensive view of their financial picture [3] - The app is available for free on both the App Store and Google Play, making it accessible to a wide range of users [3]

Group 1 - MoneyLion Inc. ended the recent trading session at $87.52, with a +0.37% change from the previous day's closing price, lagging behind the S&P 500's 0.39% gain [1] - Over the past month, shares of MoneyLion Inc. gained 1.68%, which is lower than the Business Services sector's gain of 6.41% and the S&P 500's gain of 1.7% [1] Group 2 - MoneyLion Inc. is forecasted to report an EPS of $0.54, indicating a 238.46% increase from the same quarter last year, with a projected revenue of $149.51 million, reflecting a 32.36% rise [2] - Recent revisions in analyst estimates for MoneyLion Inc. suggest a positive outlook on the company's business operations and profit generation capabilities [3] Group 3 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [5] - MoneyLion Inc. currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having increased by 10.93% in the past month [5] Group 4 - MoneyLion Inc. is trading with a Forward P/E ratio of 22.92, which is a premium compared to the average Forward P/E of 15.1 for its industry [6] - The Financial Transaction Services industry, part of the Business Services sector, has a Zacks Industry Rank of 139, placing it in the bottom 45% of over 250 industries [6]