Core Viewpoint - Omnicom has announced the pricing of public offerings for senior notes totaling $1.7 billion in the U.S. and €600 million in Europe, aimed at refinancing existing debt and supporting general corporate purposes [1]. USD Notes Offering - The USD Notes consist of three tranches: $600 million of 5.300% Senior Notes due 2036, $700 million of 5.000% Senior Notes due 2033, and $400 million of 4.200% Senior Notes due 2029 [1]. - The offerings are expected to close on March 2, 2026, pending customary closing conditions [1]. - The net proceeds will be used to repay $1.4 billion of 3.600% Senior Notes due April 15, 2026, and for general corporate purposes, including working capital, acquisitions, and debt refinancing [1]. Euro Notes Offering - The Euro Notes offering includes €600 million of 3.850% Senior Notes due May 2, 2034, fully guaranteed by Omnicom [1]. - The Euro Notes will rank equally with existing and future unsecured senior indebtedness [1]. - An application will be made for the Euro Notes to be listed on The New York Stock Exchange, subject to approval [1]. Underwriters - Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are joint global coordinators and book-running managers for the USD Notes offering [1]. - Citigroup Global Markets Limited and Deutsche Bank AG, London Branch are joint global coordinators for the Euro Notes offering [1].

2025 FOURTH QUARTER & FULL YEAR February 18, 2026 THE NEW OMNICOM - CLIENTS, PEOPLE & PLATFORMS 2 3 ◦ Simplified and aligned portfolio of businesses to deliver integrated services connecting media, creative content, consulting, data, technology, and commerce across our organization • Connected Capabilities provides higher-growth strategic services linked to business outcomes for clients ◦ Identified smaller markets to move from majority to minority-owned position • Revenue of approximately $700 million(i) ◦ ...

Core Insights - Omnicom reported a significant operating loss of $1.0 billion in Q4 2025, with a non-GAAP adjusted EBITA of $928.9 million, reflecting a margin of 16.8% [1][2] - The company experienced a net loss of $0.9 billion in Q4 2025, compared to a net income of $607.7 million on a non-GAAP adjusted basis [1][2] - For the full year 2025, Omnicom's revenue increased by 10.1% to $17.3 billion, driven by constant currency growth and the inclusion of one month of revenue from the Interpublic Group acquisition [1][2] Q4 2025 Financial Performance - Revenue for Q4 2025 was $5.5 billion, up 27.9% from $4.3 billion in Q4 2024, primarily due to the acquisition of IPG and constant currency growth [1][2] - Operating expenses rose to $6.5 billion, an increase of $2.9 billion, influenced by transaction costs related to the IPG acquisition and repositioning costs [1][2] - The diluted loss per share was $4.02, a decrease from earnings per share of $2.26 in the same quarter of the previous year [1][2] Full Year 2025 Financial Performance - Total revenue for 2025 reached $17.3 billion, a $1.6 billion increase from $15.7 billion in 2024, with a revenue contribution of 58.0% from Media & Advertising [2][3] - Operating income for the year was $444.7 million, down from $2.3 billion in 2024, largely due to acquisition-related costs and repositioning expenses [2][3] - The net loss for 2025 was $54.5 million, compared to a net income of $1.5 billion in 2024, with diluted net loss per share at $0.27 [2][3] Strategic Initiatives - Omnicom has set a total cost synergy target of $1.5 billion, with $900 million expected in 2026, as part of its strategy to simplify and align its business portfolio [1][2] - The company announced a $5.0 billion share buyback program, including a $2.5 billion accelerated share repurchase, aimed at enhancing shareholder value [1][2] - The leadership emphasized the importance of the Omni data and technology platform in driving future growth and profitability [1][2]

Core Insights - Omnicom has completed its acquisition of Interpublic, positioning itself as a leading marketing and sales company with a comprehensive portfolio powered by its advanced intelligence platform, Omni [1][2]. Strategic Advantages - Omnicom's Connected Capabilities leverage data, creativity, and technology to provide clients with strategic solutions that address critical growth priorities [2]. - The five strategic advantages include: 1. **Strongest Media Ecosystem**: Omnicom boasts the world's largest media network, integrating various channels for measurable growth in a privacy-first environment [4]. 2. **Most Influential Content**: The company utilizes generative AI to create personalized content at scale, supported by a portfolio of award-winning talent [4]. 3. **Connected Commerce Excellence**: Omnicom connects marketing investments to sales performance, enhancing omnichannel growth and ROI [4]. 4. **Enterprise Generative AI Capability**: The company has established partnerships with leading AI model providers to enhance marketing operations [4]. 5. **Identity Leadership**: Omnicom's identity solution unifies 2.6 billion verified global IDs, providing brands with a comprehensive understanding of consumers without relying on third-party cookies [4]. Leadership Structure - The leadership team includes: - John Wren as Chairman & CEO - Phil Angelastro as EVP & CFO - Philippe Krakowsky and Daryl Simm as Co-Presidents and COOs [6][5]. Client Engagement and Feedback - Omnicom has engaged with its largest clients prior to the merger's completion, receiving positive feedback on its strategic direction [8]. Financial Confidence - The company has increased its quarterly dividend to $0.80 per share, reflecting confidence in its cash generation and synergy capture post-merger [9]. Upcoming Milestones - Omnicom plans to unveil its new strategy and capabilities at the 2026 Consumer Electronics Show and will announce year-end earnings in February 2026 [13].

Core Insights - Omnicom Group Inc. has successfully completed its merger with The Interpublic Group of Companies, Inc. on November 26, 2025, and has assumed IPG's outstanding senior notes totaling $2.95 billion [1][13] Merger Details - The merger was preceded by an exchange offer launched by Omnicom on August 11, 2025, allowing the exchange of new Omnicom senior notes for IPG's outstanding senior notes [2] - As of the expiration of the exchange offer, approximately $2.76 billion, or 93.7%, of IPG's senior notes will be exchanged for new notes issued by Omnicom, leaving about $185 million, or 6.3%, of IPG's senior notes outstanding [2][8] Settlement Expectations - The settlement of the exchange offers and consent solicitations is expected to occur on December 2, 2025, at which point new notes will be issued in exchange for the tendered IPG notes [3] Company Overview - Omnicom is recognized as the world's leading marketing and sales company, focusing on intelligent growth through its Connected Capabilities, which integrate various agency brands and expertise across multiple sectors [4]

Core Insights - WM reported strong second-quarter 2025 results, with adjusted earnings of $1.92 per share, exceeding the Zacks Consensus Estimate by 1.6% and reflecting a year-over-year increase of 5.5% [1][8] - Total revenues reached $6.4 billion, surpassing the consensus mark by 1.4% and showing a 19% increase compared to the same quarter last year [1][8] - The stock has appreciated by 13% year-to-date, outperforming the industry growth of 10.7% and the Zacks S&P 500 Composite's rise of 8.2% [1] Revenue Breakdown - The Collection segment generated revenues of $4.4 billion, a 5.2% increase year-over-year, but fell short of the estimate of $4.7 billion [2] - The Landfill segment's revenues grew by 14.5% year-over-year to $1.4 billion, meeting expectations [2] - The Transfer segment's revenues increased by 10.2% to $681 million, missing the estimate of $692.5 million [2] - The Recycling Processing and Sales segment saw revenues rise by 1.5% to $482 million, which was below the estimated $535.8 million [2] - WM Renewable Energy reported revenues of $115 million, a significant 64.3% increase from the previous year, exceeding the estimate of $95.3 million [3] - WM Healthcare Solutions Corporate and Other generated $647 million, slightly up from the previous year and beating the estimate of $291.1 million [3] Operating Performance - Adjusted operating EBITDA was reported at $1.9 billion, aligning with expectations, while the adjusted operating EBITDA margin decreased by 10 basis points to 29.9% from the previous year, surpassing the estimate of 29.5% [4] Cash Flow - WM generated $1.5 billion in cash from operating activities during the quarter, with capital expenditures amounting to $732 million, resulting in free cash flow of $818 million [5] - The company distributed $333 million in cash dividends to shareholders in the second quarter of 2025 [5] 2025 Outlook - Due to a decline in recycled commodity prices and reduced Collection and Disposal volumes in Q1 2025, WM has lowered its revenue guidance to a range of $25.27 billion to $25.47 billion, down from the previous range of $25.55 billion to $25.80 billion, which is below the consensus mark of $25.53 billion [6] - The adjusted operating EBITDA is anticipated to be between $7.47 billion and $7.62 billion, compared to the previous quarter's guidance of $7.45 billion to $7.65 billion [6]