Key Takeaways Moody's has completed the full acquisition of ICR Chile, after taking a minority stake in 2019. The deal aligns ICR with Moody's Local, enhancing service depth in Chile's domestic credit market. The acquisition will not materially impact Moody's financial results for 2025.Moody's Corporation (MCO) has fully acquired ICR Chile, strengthening its presence in Latin America’s domestic credit markets. The terms of the deal have not been disclosed and the transaction will not have a material impac ...

Core Points - Black Diamond Group Limited has entered into an agreement with Raymond James Ltd. for a bought deal offering of 4,050,000 common shares at C$9.10 per share, resulting in gross proceeds of C$36,855,000 [1][2] - The underwriters have an over-allotment option to purchase an additional 15% of common shares at the issue price within 30 days of the offering's closing [2] - The net proceeds will be allocated for capital expenditures, strategic acquisitions, organic growth initiatives, debt reduction, working capital, and general corporate purposes [2] Company Overview - Black Diamond is a specialty rentals and industrial services company operating in Canada, the United States, and Australia, with two main business units: Modular Space Solutions (MSS) and Workforce Solutions (WFS) [6] - MSS operates through brands like BOXX Modular and CLM, providing a rental fleet of modular buildings to various sectors including construction and government [7] - WFS offers a rental fleet of modular accommodation assets and includes LodgeLink, a digital marketplace for crew accommodation and travel logistics in North America [8][9]

Investor Presentation V e r s i o n 8 . 9 . 2 0 2 4 Contents | SWK Overview | Pages 4 – | 13 | | --- | --- | --- | | Tools & Outdoor | Pages 14 – | 23 | | Industrial | Pages 24 – | 28 | | Appendix | Pages 29 – | 36 | Contacts Dennis Lange Vice President, Investor Relations 860-827-3833 dennis.lange@sbdinc.com Christina Francis Director, Investor Relations 860-438-3470 christina.francis@sbdinc.com Christopher Capela Director, Investor Relations 860-827-5556 christopher.capela@sbdinc.com 1000 Stanley Drive Ne ...

Investor Day Presentation MAY 2025 1 © 2025 APi Group, Inc. All rights reserved. Forward Looking Statements and Disclaimers Please note that in this presentation the Company may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of APi Group Corporation ("APi" or the "Company"). Such discussion and statements m ...

If you build an amazing free product, it takes way longer. But what you end up building is an organic growth flywheel. Meaning you tell your friends about Dualingo.I don't know if you do, they can go experience the full thing for free. Whether they appear or not, doesn't matter. If they like it, they will also tell their friends.It just expands the entire pie of people who can use your product. And we have a lot of users that use the app for free for 5 years. Eventually, one January, they're like, "Oh, I'm ...

Core Viewpoint - Citizens Financial Group (CFG) is enhancing its shareholder-focused strategy, demonstrating confidence in its long-term performance through an increased share repurchase authorization of $1.5 billion, up from $300 million previously approved in June 2024 [1][8]. Financial Performance - CFG's quarterly dividend has been increased twice in the last five years, with a current payout ratio of 53% and a dividend yield of 4.15% based on a closing price of $40.45 [2]. - CFG's total revenues experienced a compound annual growth rate (CAGR) of 3% from 2020 to 2024, with net interest income (NII) growing at a CAGR of 5.3% during the same period [12]. - For 2025, management anticipates NII growth of 3-5% and non-interest income growth of 8-10% [14]. Capital Position - As of March 31, 2025, CFG reported total long-term borrowed funds of $12.3 billion and total available liquidity of $12.2 billion, indicating a strong balance sheet [5]. - The Common Equity Tier 1 ratio was 10.6%, and the total capital ratio was 13.9% as of the same date, reflecting a solid capital position [5]. Growth Strategy - CFG is pursuing growth through acquisitions, cost-cutting programs, and private banking expansion, with notable acquisitions including Investors Bancorp and HSBC's East Coast branches [9][8]. - The "Tapping Our Potential" (TOP) program has delivered consistent cost savings, with TOP 9 achieving $150 million in pre-tax run-rate benefits in 2024, and TOP 10 targeting an additional $100 million in savings by year-end 2025 [10]. Loan and Deposit Trends - CFG's loans and leases and total deposits recorded CAGRs of 3.1% and 4.4%, respectively, from 2020 to 2024, with expectations of continued growth through 2027 [11]. - Despite a dip in loan balances in early 2025, management remains optimistic about sustaining a healthy loan pipeline through a relationship-driven lending model [11]. Expense Management - Non-interest expenses have seen a CAGR of 18.4% from 2020 to 2024, with management projecting a 4% increase in adjusted non-interest expenses for 2025 [15]. - The company is facing elevated expense levels due to investments in private banking and digital infrastructure [15]. Market Performance - CFG shares have increased by 16.3% over the past year, outperforming the industry growth of 11.1% [17]. - CFG trades at a forward price-to-earnings (P/E) ratio of 10.76X, slightly above the industry average of 10.1X [20]. Investment Considerations - CFG's ongoing efficiency initiatives and strategic growth moves provide a solid foundation for future financial growth, despite near-term challenges related to elevated expenses and reliance on commercial lending [24].

Presentation Investor May 2025 Disclaimer Cautionary Statement Regarding Forward-Looking Statements This presentation contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as "forward-looking statements." You can identify these statements by the fact that they do not relate strictly to historical or current facts. Management cautions that any or all of Target Hospitality's forward-looking statements may turn out to be wrong. Please ...

Core Insights - Boralex has announced its 2030 Strategic Plan, focusing on sustainable growth and performance through renewable energy production [3][5] - The company aims to execute a disciplined growth strategy with a project pipeline totaling 8 GW, enhancing its long-term power purchase agreements [4][7] - Boralex's financial objectives are entirely organic, reflecting a commitment to lower risk and greater control over growth compared to previous plans [5][10] Strategic Highlights - The 2030 Strategy emphasizes organic growth, targeting investments that will yield results over the next five years and beyond [5] - The company plans to double its installed capacity every five years, aiming for a net-zero trajectory by 2050 [7] - Boralex is focusing on two strong leadership markets (Canada and France) and two expanding markets (certain U.S. states and the United Kingdom) [7] Financial Objectives - Boralex targets a compound annual growth rate (CAGR) of operating income between 12% to 14% and consolidated EBITDA(A) between 7% to 9% from 2025 to 2030 [8] - The company plans total investments of $6.8 billion, with an additional $1.2 billion for projects scheduled after 2030, aiming for a minimum levered internal rate of return (IRR) of 10% to 12% [16] - A payout ratio of 20% to 40% of discretionary cash flows is also part of the financial strategy [16] Market Position and Growth - Boralex has increased its installed capacity by over 50% to 3.2 GW in the past five years and is developing a portfolio of projects totaling 8 GW in wind, solar, and storage [12] - The company is committed to maintaining disciplined financial management and introducing cash flows per share growth objectives [7][9] - The weighted average remaining duration of contracts is expected to increase from 11 years in 2024 to 14 years by 2030, enhancing financing structures [7][4]

Core Viewpoint - State Street Corporation (STT) has shown strong stock performance, gaining 9.5% over the past three months, significantly outperforming its industry and the S&P 500 Index [1][8]. Performance Summary - STT's stock performance has surpassed peers such as BankUnited, Inc. (BKU) and Fifth Third Bancorp (FITB), with BKU down 1.7% and FITB down 2.6% during the same period [1]. Factors Supporting Performance - **Acquisitions and Restructuring**: State Street has been expanding through acquisitions and restructuring, including a partnership with smallcase for Indian investors and a deal to acquire global custody businesses from Mizuho Financial Group [4][5]. - **Fee Income Growth**: Despite a decline in total fee revenues in 2022 and 2023, the company has achieved a four-year compound annual growth rate (CAGR) of 1.7% in fee income, driven by increased client activity and market volatility [9]. - **Net Interest Income (NII)**: STT has benefited from relatively higher interest rates, with NII showing a four-year CAGR of 7.4%, expected to improve further due to investment portfolio repositioning [12]. - **Capital Distributions**: Following a successful stress test, STT increased its quarterly dividend by 10% and plans to return approximately 80% of earnings to shareholders this year [13][14]. Challenges to Growth - **Elevated Expense Base**: Total non-interest expenses have a four-year CAGR of 2.3%, with ongoing pressures from inflation and strategic investments likely to keep expenses high [15][16]. - **Fee Income Concentration**: Fee income constituted 78.3% of total revenues in Q1 2025, raising concerns about volatility in capital markets affecting future revenue [18][19]. Future Outlook - The combination of solid business servicing wins, a global footprint, and strategic partnerships is expected to support STT's fee income growth and overall performance [20]. - Sales estimates for the current year are projected at $13.42 billion, with a year-over-year growth estimate of 2.62% [21]. - Earnings estimates for the current year are projected at $9.50 per share, with a year-over-year growth estimate of 9.57% [24].

Group 1: Joint Venture Approval and Investment - BlackRock Inc. and Jio Financial's joint venture, Jio BlackRock Investment Advisers, has received approval from the Securities and Exchange Board of India (SEBI) to operate as an investment adviser in India [1][8] - Earlier this year, both entities invested INR665 million ($7.78 million) into the joint venture, raising their total investment to INR845 million [1] Group 2: Joint Venture History and Goals - BlackRock and Jio Financial formed the joint venture in July 2023, aiming to transform India's asset management industry through a 50:50 partnership that leverages BlackRock's expertise and Jio's local market knowledge [2] - The joint venture targets an initial investment of $150 million each from both parties, focusing on democratizing access to investment solutions for millions of Indian investors [3] Group 3: Strategic Expansion and Market Positioning - In April 2024, the joint venture plans to establish a wealth management and broking business in India, capitalizing on the growing wealth market and increasing retail investor base [4] - BlackRock's strategy aligns with its inorganic growth approach, aiming to enhance market share in both domestic and global markets, particularly in light of India's rising affluence and digital transformation [5] Group 4: Recent Acquisitions and Partnerships - BlackRock has made significant acquisitions, including Preqin for $3.2 billion and Global Infrastructure Partners, to enhance its private markets and infrastructure offerings [6] - The company has also formed strategic alliances, such as a collaboration with Banco Santander to expand into infrastructure markets and a partnership with Partners Group to improve retail investors' access to alternative investments [7] Group 5: Industry Context - Other financial firms are also expanding in India, with State Street Global Advisors entering a strategic alliance with smallcase to enhance market access for Indian investors [10] - The Bank of New York Mellon has secured a license to establish a regional headquarters in Saudi Arabia, indicating a broader trend of financial firms seeking to enhance their presence in emerging markets [11][12]