Financial Data and Key Metrics Changes - Fourth quarter consolidated revenues were $5.2 billion, up 6% from Q4 of 2024, with adjusted net income at $246 million and adjusted EPS at $0.19, up from $0.15 in Q4 2024 [10][14] - For the full year 2025, consolidated revenues were down 9% year-over-year, while industrial sales decreased in double digits [11] - Industrial adjusted EBIT margin was 4.3% for 2025, primarily driven by higher tariff costs and unfavorable geographic mix [11][14] Business Line Data and Key Metrics Changes - Agriculture segment sales in Q4 were about $3.6 billion, up 5% year-over-year, with EMEA up 33% and North America down 10% [10][15] - Construction net sales in Q4 were up 19% year-over-year to $853 million, driven by better sales in North and South America [10][16] - Financial services segment net income in Q4 was $109 million, an 18% year-over-year increase [17] Market Data and Key Metrics Changes - North America is expected to see the largest decrease in large equipment industry retail demand, while EMEA is forecasted to show slight growth [28][30] - Global industry retail demand is projected to be around 80% of mid-cycle, down approximately 5% from 2025 levels [29][30] Company Strategy and Development Direction - The company strategy focuses on five key pillars: expanding product leadership, advancing tech integration, driving commercial excellence, operational excellence, and quality as a mindset [19] - A robust pipeline of new product launches is planned, including over 15 new tractor launches and 30 precision technology releases by the end of 2027 [19][20] - The company aims to improve agriculture EBIT margin to 16%-17% by 2030, despite tariff impacts [26] Management Comments on Operating Environment and Future Outlook - The management noted that commodity prices remain low, affecting farmers' ability to purchase equipment, and the trade environment is still uncertain [9][11] - The company expects 2026 to represent the trough of the cycle, with a focus on improving underlying profitability [30][32] - Management expressed confidence in North and South American markets delivering growth in revenue and profit pools as trade flows stabilize [11][30] Other Important Information - The company has been recognized for its sustainability efforts, ranking number one in its industry on S&P Global's Corporate Sustainability Assessment [12] - The company repurchased $45 million worth of stock in Q4 and returned $432 million to shareholders through dividends and share repurchases for the full year [18] Q&A Session Summary Question: Clarification on inventory situation and setup for 2027 - Management acknowledged a shortfall in inventory reduction targets, primarily due to Europe, and indicated that dealer destocking is largely accomplished [43][44] Question: EBIT bridge for 2026 - Management provided a breakdown of expected margin impacts, indicating a reduction in margin due to volumes and geographic mix, but improvements from pricing and operational efficiencies [48] Question: North America farmer sentiment and government initiatives - Management noted that farmer sentiment is currently low due to flat income projections and commodity prices, with ongoing discussions about potential government support [70][71] Question: Product launch pipeline and competitive environment in Europe - Management highlighted excitement around new mid-range tractors and combines, with positive feedback from farmers, while cautioning about the fragile market conditions in Europe [74][78]

Financial Data and Key Metrics Changes - Fourth quarter consolidated revenues were $5.2 billion, up 6% from Q4 2024, with adjusted net income at $246 million and adjusted EPS at $0.19, up from $0.15 in Q4 2024 [8][12] - For the full year 2025, consolidated revenues were down 9% year-over-year, while industrial sales decreased in double digits [9][12] - Industrial adjusted EBIT margin was 4.3% for 2025, primarily affected by higher tariff costs and unfavorable geographic mix [9][12] Business Line Data and Key Metrics Changes - Agriculture segment sales in Q4 were about $3.6 billion, up 5% year-over-year, with EMEA sales up 33% and North America down 10% [8][13] - Construction net sales in Q4 were up 19% year-over-year to $853 million, driven by better sales in North and South America [12][14] - Financial services segment net income increased 18% year-over-year to $109 million, driven by interest margin improvements [15] Market Data and Key Metrics Changes - North America is expected to see a decrease in large equipment industry retail demand, while EMEA is forecasted to show slight growth in tractor sales [28][29] - Global industry retail demand is projected to be around 80% of mid-cycle, down approximately 5% from 2025 levels [28][29] - Commodity prices remain low, impacting farmers' purchasing power and sentiment [7][73] Company Strategy and Development Direction - The company focuses on five strategic pillars: expanding product leadership, advancing tech integration, driving commercial excellence, operational excellence, and quality [18] - A robust pipeline of new product launches is planned, including over 15 new tractor launches and 30 precision technology releases by the end of 2027 [18][19] - The company aims to improve agriculture EBIT margin to 16%-17% by 2030, despite tariff impacts [26] Management's Comments on Operating Environment and Future Outlook - The management acknowledges ongoing challenges in the market, including low commodity prices and a dynamic trade environment [7][28] - There is cautious optimism for the second half of 2026, with expectations for improved margins and profits despite current headwinds [35][36] - The company is committed to maintaining a healthy balance sheet while returning cash to shareholders through dividends and stock repurchases [17] Other Important Information - The company has made significant progress in cost-saving initiatives, achieving $230 million in savings in 2025 [6][25] - Sustainability remains a priority, with the company ranked number one in its industry on S&P Global's Corporate Sustainability Assessment [10] Q&A Session Summary Question: Clarification on inventory situation and setup for 2027 - Management noted a $150 million shortfall in inventory reduction, landing at $800 million instead of the $1 billion target, primarily due to European market conditions [43][44] Question: EBIT bridge for 2026 - Management provided insights on expected margin reductions due to volume and geographic mix, estimating a midpoint EBIT margin of around 5% for 2026 [48][49] Question: North America farmer sentiment and government initiatives - Management indicated that farmer sentiment is currently low, with flat income projections for 2026, and highlighted ongoing discussions regarding potential government support for the agricultural sector [73][74] Question: Product launch pipeline and competitive environment in Europe - Management expressed excitement about new product launches, particularly in mid-range tractors, and noted positive feedback from farmers [77][78]

Core Insights - The fourth quarter of 2025 saw a strong divergence in market performance, with AI beneficiaries and cyclical sectors leading, while quality growth strategies faced challenges [1] - The SGA Emerging Markets Growth Strategy portfolio returned 0.8% (Gross) and 0.6% (Net) in Q4 2025, underperforming against the MSCI EM Net TR Index return of 4.7% and the MSCI EM Growth Net TR Index return of 3.3% [1] - For the full year 2025, the portfolio achieved returns of 23.8% (Gross) and 22.8% (Net), lagging behind the indexes which returned 33.6% and 34.3% respectively [1] - The portfolio anticipates annual revenue growth of 13% and earnings growth of 16% over the next three years [1] Company Insights - Alcon Inc. (NYSE:ALC) is highlighted as a key stock in the SGA Emerging Markets Growth Strategy, focusing on eye care products [2] - Alcon Inc. experienced a one-month return of 0.25% and a 12.05% decline in share value over the past 52 weeks, with a closing stock price of $79.20 and a market capitalization of $39.052 billion as of February 13, 2026 [2] - The SGA Emerging Markets Growth Strategy engaged with Alcon's leadership team in December 2025 to discuss ESG matters, specifically compensation and sustainability [3]

Q4 2025 FINANCIAL RESULTS February 17, 2026 SAFE HARBOR STATEMENT AND DISCLOSURES All statements other than statements of historical fact contained in this presentation including competitive strengths; business strategy; future financial position or operating results; budgets; projections with respect to revenue, income, earnings (or loss) per share, capital expenditures, dividends, liquidity, capital structure or other financial items; costs; and plans and objectives of management regarding operations and ...

Geopolitical uncertainty and tariffs could affect the company’s ability to meet all of its projections in 2026, said James Harrell, president of industrial paper packaging. But growth in data centers and artificial intelligence is expected to boost Sonoco’s industrial sector, he said, as should customer preference for recycled packaging to meet sustainability goals.Executives outlined a three-year plan. One target is for net leverage of lower than 2.5x by the end of 2028. Executives anticipate capital expen ...

Financial Data and Key Metrics Changes - The company reported revenue of EUR 20.9 billion, an increase of 2.8%, with comparable volumes marginally ahead [12][13] - Operating profit reached EUR 2.8 billion, up 7.1%, with an operating margin of 13.4%, an expansion of around 50 basis points [14] - Earnings per share (EPS) increased to EUR 4.11, up 6.2% on a comparable basis [14] - Free cash flow was strong at just over EUR 1.8 billion, after significant capital expenditures of nearly EUR 1 billion [15] Business Line Data and Key Metrics Changes - The non-alcoholic ready-to-drink (NARTD) category grew around 6% in value terms, with volume growth in Europe up 2% and Australia Pacific Southeast Asia (APS) up 5% [7] - The energy category saw a remarkable volume growth of nearly 20%, driven by strong performance from brands like Monster [9][66] - The ready-to-drink tea segment, particularly Fuze Tea, led the category in Iberia, contributing to overall growth [10] Market Data and Key Metrics Changes - The UK market, the largest revenue contributor, experienced nearly 6% revenue growth, with significant contributions from Coca-Cola Zero and Diet Coke [16] - In Australia, top-line performance excluding alcohol was impressive at 7%, marking the strongest growth in years [17] - Indonesia faced challenges with NARTD volumes down double digits, but there was an improving performance in the second half of the year [28] Company Strategy and Development Direction - The company is focused on executing a value creation strategy, generating EUR 4 billion for retail customers and returning EUR 4 billion to shareholders through dividends and buybacks [4] - There is a commitment to maximizing returns for shareholders, with a further EUR 1 billion share buyback planned [20] - The company is investing in digital capabilities and AI to enhance operations and decision-making processes [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving organic revenue growth of 7% and profit sustainability over the midterm [33] - The company anticipates revenue growth of 3%-4% for 2026, driven by volumes and revenue per unit case [34] - Management acknowledged challenges in the consumer environment but remains optimistic about the company's positioning in growing categories [36] Other Important Information - The company has been recognized as a top employer and is investing in training for digital and AI capabilities [8] - Sustainability efforts continue, with progress in packaging collection and decarbonization initiatives [12] Q&A Session Summary Question: How did Europe perform in Q4, particularly in Germany and France? - Management noted a strong exit rate in Europe, with challenges in Germany and France due to higher promotional prices and tax increases impacting volumes [39][40] Question: What tailwind is expected from the World Cup? - Management highlighted extensive activation plans for the World Cup and EPL, aiming to engage consumers through promotions and on-pack activities [46][47] Question: What is the underlying growth excluding portfolio changes? - Management indicated that backing out portfolio changes would show growth between half a point and a point, aligning with midterm guidance [58][59] Question: What is the outlook for the energy category growth? - Management expects the energy category to maintain mid-teen growth levels, supported by innovation and distribution efforts [66] Question: What is the guidance for Indonesia's performance? - Management expects Indonesia to grow in volume and revenue, but has not reflected significant upside potential in guidance yet [78]

Financial Data and Key Metrics Changes - The company reported revenue of EUR 20.9 billion, an increase of 2.8%, with comparable volumes marginally ahead [12] - Operating profit reached EUR 2.8 billion, up 7.1%, with an operating margin of 13.4%, an expansion of around 50 basis points [13] - Earnings per share (EPS) increased to EUR 4.11, up 6.2% on a comparable basis [13] - Free cash flow was strong at just over EUR 1.8 billion, after significant capital expenditures of nearly EUR 1 billion [14] Business Line Data and Key Metrics Changes - The away-from-home channel saw robust top-line growth, contributing to overall market share gains [4] - The non-alcoholic ready-to-drink (NARTD) category grew approximately 6% in value terms, with Europe up 2% and Australia Pacific Southeast Asia (APS) up 5% [6] - The energy category experienced a remarkable 19% volume growth, driven by strong brand performance and innovation [64] Market Data and Key Metrics Changes - Great Britain (GB) reported nearly 6% revenue growth, with significant contributions from Coca-Cola Zero and Diet Coke [16] - APS delivered top-line performance, excluding alcohol, of 7%, marking its strongest growth in years [17] - Indonesia faced challenges with a double-digit decline in NARTD volumes, although there was an improvement in the second half of the year [28] Company Strategy and Development Direction - The company is focused on creating value through strategic portfolio changes and investments in growth, with a commitment to maximizing shareholder returns [4][20] - There is an emphasis on innovation and premiumization while maintaining affordability, particularly in developed markets [24] - The company is leveraging technology and digital capabilities to enhance operational efficiency and customer engagement [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving organic revenue growth of 7% and sustainable profit growth over the midterm [34] - The company anticipates revenue growth of 3%-4% for 2026, driven by volume and revenue per unit case [34] - Management acknowledged challenges in certain markets but remains optimistic about recovery and growth potential [36] Other Important Information - The company returned EUR 1.9 billion to shareholders through dividends and buybacks, including a new EUR 1 billion share buyback program [15][20] - The company has been recognized as a top employer and is investing in digital and AI training for its workforce [8] Q&A Session Summary Question: How did Europe perform in Q4, particularly in Germany and France? - Management noted a strong exit rate in Q4, with challenges in Germany and France primarily due to higher promotional prices and tax increases impacting volumes [39][41] Question: What tailwind is expected from the World Cup? - Management highlighted extensive activation plans for the World Cup and EPL, aiming to engage consumers through promotions and on-pack activities [46][48] Question: What is the outlook for energy category growth? - Management expects the energy category to maintain mid-teen growth levels, supported by innovation and distribution improvements [64][66] Question: How is the company addressing revenue growth management in mature markets? - Management sees significant opportunities for revenue growth through smarter pricing and promotional strategies, with ongoing efforts to optimize pack offerings [72][74] Question: What is the outlook for Indonesia's market performance? - Management indicated a stronger finish to the year in Indonesia, with expectations for growth in both volume and revenue, while remaining cautious about guidance [77][78]

Our Future is in Sonoco Investor Day | February 17, 2026 T ® SONOCO AGENDA Sonoco Investor Day 2026 | | Welcome/Introduction | Roger Schrum · Head of Investor Relations | | --- | --- | --- | | 2 | Fourth Quarter Review | Howard Coker · President and CEO | | | 2026 Outlook | Paul Joachimczyk · Chief Financial Officer | | 3 | Strategic Vision | Howard Coker · President and CEO | | | Our Future is In Focus | | | | Industrial Paper Packaging | James Harrell · President | | 5 | Consumer Packaging, EMEA / APAC | ...

Winning today Creating tomorrow Full Year 2025 Preliminary Unaudited Results 17 February 2026 Data colours for tables and graphs only RGB 36-0-0 Core colours RGB 255-255-255 RGB 244-0-9 RGB 255-128-128 RGB 0-230-160 RGB 255-215-0 RGB 70-60-200 RGB 255-155-250 RGB 220-220-220 RGB 135-135-135 RGB 195-255-255 Forward looking statements This document contains statements, estimates or projections that constitute "forward-looking statements" concerning the financial condition, performance, results, guidance and o ...

CPKC ADVANTAGE Investor Presentation: February, 2026 TSX/NYSE: CP FORWARD-LOOKING STATEMENTS This investor presentation contains forward-looking information and forward-looking statements within the meaning of applicable securities laws in both the United States ("U.S.") and Canada (collectively, "forward-looking statements"). Forward-looking statements include, but are not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future eve ...