Core Insights - Atos has been recognized as a Leader in ISG's Provider Lens™ Mainframes – Services and Solutions in Europe for the fourth consecutive year, reinforcing its strong market position and expertise in mainframe services [1][2] Group 1: Market Position and Recognition - Atos has been named a Leader in four quadrants: Mainframe Optimization Services, Application Modernization Services, Mainframe as a Service (MFaaS), and Mainframe Operations, showcasing its comprehensive service offerings [1][2] - ISG has elevated Atos from a Product Challenger to a Leader in the Mainframe Optimization Services quadrant, highlighting its decades of mainframe experience and innovative AI modernization capabilities [3] Group 2: Service Offerings - In the Application Modernization Services quadrant, Atos is recognized for its risk-averse modernization approach and secure migration framework, integrating GenAI into its modernization efforts [4] - Atos stands out in the MFaaS quadrant for its tailored migration strategies and hybrid environment support, combining IBM expertise with cloud-aligned scalability [5] - The Mainframe Operations quadrant assessment emphasizes Atos' focus on automation, cost efficiency, and hybrid IT integration in its operations services [6] Group 3: Company Background - Atos Group operates globally with approximately 70,000 employees and annual revenue of around €10 billion, positioning itself as a leader in digital transformation and cybersecurity [8][9] - The company is committed to a secure and decarbonized future, providing AI-powered, end-to-end solutions across various industries [9][10]

Financial Data and Key Metrics Changes - The third quarter total operating revenue was $141 million, showing a year-over-year trend consistent with the second quarter results [14] - Digital revenue reached $305 million on a trailing twelve-month basis, with a goal of achieving $450 million by 2028 [10][19] - Cash costs decreased by 7% compared to the same quarter last year, with expectations of finishing the fiscal year with cash costs between $522 million and $532 million, representing a 3% to 5% decline over the prior year [16] Business Line Data and Key Metrics Changes - Digital subscription revenue grew 16% year-over-year on a same-store basis, driven by a 28% increase in ARPU [8][15] - Amplify Digital agency revenue grew 10% on a same-store basis over the prior year, indicating a return to double-digit growth [11][15] - Total digital revenue in the third quarter was $78 million, representing a 4% increase on a same-store basis [15] Market Data and Key Metrics Changes - Local advertising revenue trends improved significantly, with a year-over-year trend favorable by seven points [7] - Digital revenue now constitutes 55% of overall revenue, highlighting the strength of the digital business [11] Company Strategy and Development Direction - The company is focused on a three-pillar digital growth strategy aimed at achieving $450 million in digital revenue by 2028 [9][10] - The launch of AI-powered products is expected to drive lead capture, customer engagement, and business automation, enhancing the product catalog [8][14] - The company aims to replace print revenue with growing and profitable digital revenue to achieve long-term sustainability [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in reaching long-term unit targets despite recent challenges, including the cyber event [9] - The company anticipates continued growth in digital subscriptions and new AI revenue streams to drive momentum [21] - Management emphasized the importance of enhancing operational rigor without compromising quality to strengthen long-term positioning [16] Other Important Information - The company executed approximately $40 million in annualized cost reductions aimed at lowering costs across non-core print operations [16] - The credit agreement with Berkshire Hathaway includes favorable terms, allowing the company to focus on executing its strategy [17] Q&A Session Summary Question: How is Lee addressing the shift in how readers consume news? - Management highlighted the competitive advantage of their asset portfolio and the focus on enhancing digital user experience and expanding local content to address changes in consumer behavior [24][25]

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $490.2 million, a decrease of $7.4 million or 1.5% compared to Q2 2024, primarily due to decreases in admissions per capita and in-park per capita spending, partially offset by an increase in attendance [20][21] - Attendance increased by approximately 48,000 guests or 0.8% year-over-year, attributed to a favorable calendar shift, including the shift of Easter and spring break holidays [20][21] - Net income for Q2 2025 was $80.1 million, down from $91.1 million in Q2 2024, and adjusted EBITDA was $206.3 million, a decrease of $11.9 million compared to the previous year [22][23] Business Line Data and Key Metrics Changes - Attendance at all Orlando parks, including SeaWorld Orlando, Aquatic Orlando, and Discovery Cove, saw an increase despite adverse weather conditions [5][6] - The company is experiencing positive forward booking trends in group business and at Discovery Cove, with mid to high single-digit increases expected for the remainder of the year [6][8] Market Data and Key Metrics Changes - The company reported a net total leverage ratio of 3.0 times as of June 30, 2025, with approximately $883 million in total available liquidity, including $194 million in cash [9][23] - Deferred revenue decreased by approximately $22.7 million compared to June 2024, indicating a decline in pass sales [23] Company Strategy and Development Direction - The company has approved a $500 million share repurchase program, reflecting confidence in its business and the belief that shares are undervalued [8][9] - The company is focusing on operational efficiencies and has implemented a cost reduction plan expected to save up to $15 million in the second half of the year [10][25] - Strategic initiatives include enhancing sponsorship opportunities and digital transformation efforts, with a focus on CRM capabilities and mobile app functionality [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of 2025, citing positive trends in group bookings and early ticket sales for upcoming events [28][74] - The company anticipates improved weather conditions compared to the previous year, which should positively impact attendance and revenue [74] Other Important Information - The company is in discussions for potential international partnerships and expects to sign two MOUs by the end of the year [16] - The mobile app has been downloaded over 15.6 million times, with a 35% increase in average transaction value for food and beverage purchases made through the app [17][18] Q&A Session Summary Question: Did the company do anything to drive visitation in light of the Epic opening? - Management acknowledged increased marketing efforts and promotional activities due to weather impacts, which helped drive visitation [34][35] Question: Why is deferred revenue down despite positive forward indicators? - Management explained that a mix of factors, including the type of passes sold and promotional activities, contributed to the decline in deferred revenue [36][38] Question: What are the trends in admissions per capita? - Management noted that while admissions per capita were down, they expect to improve these metrics with better weather and promotional strategies [44][66] Question: Are there signs of consumer spending less? - Management indicated that in-park spending was slightly down but expressed optimism about improving this metric during the upcoming Halloween and Christmas seasons [78] Question: Can the company leverage fall and winter events to boost summer attendance? - Management acknowledged the opportunity to market seasonal passes that include access to popular fall and winter events, potentially driving summer attendance [84]

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $490.2 million, a decrease of $7.4 million or 1.5% compared to Q2 2024, primarily due to decreases in admissions per capita and in-park per capita spending, partially offset by an increase in attendance [19][20] - Attendance increased by approximately 48,000 guests or 0.8% year-over-year, attributed to a favorable calendar shift, including the shift of Easter and spring break holidays [19][20] - Net income for Q2 2025 was $80.1 million, down from $91.1 million in Q2 2024, and adjusted EBITDA was $206.3 million, a decrease of $11.9 million compared to the previous year [21][22] Business Line Data and Key Metrics Changes - Attendance at all Orlando parks, including SeaWorld Orlando, Aquatic Orlando, and Discovery Cove, increased despite adverse weather conditions [5][6] - The company is seeing positive forward booking trends in group business and at Discovery Cove, with mid to high single-digit increases expected for the remainder of the year [6][12] Market Data and Key Metrics Changes - The company reported a net total leverage ratio of 3.0 times as of June 30, 2025, with total available liquidity of approximately $883 million, including $194 million in cash [8][23] - Deferred revenue decreased by approximately $22.7 million compared to June 2024, indicating a decline in pass sales [23] Company Strategy and Development Direction - The company has approved a new $500 million share repurchase program, reflecting confidence in its undervalued shares and strong balance sheet [7][8] - Strategic initiatives include enhancing sponsorship opportunities, digital transformation through CRM and mobile app improvements, and exploring international partnerships [14][15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about upcoming events, including Halloween and Christmas, which are expected to drive attendance and revenue [28][66] - The company is focused on improving operational efficiencies and managing costs, with an additional cost reduction plan expected to save up to $15 million in the second half of the year [9][25] Other Important Information - The company has invested $110.5 million in CapEx as of June 30, 2025, with expectations to spend $175 million to $200 million on core CapEx for the year [24][25] - The mobile app has been downloaded over 15.6 million times, showing a 35% increase in average transaction value for food and beverage purchases made through the app compared to point-of-sale orders [15][16] Q&A Session Summary Question: Did the company do anything to drive visitation in Orlando parks? - Management acknowledged increased marketing efforts in response to the opening of Epic Universe and weather impacts, which necessitated promotional strategies [32][34] Question: Why is deferred revenue down despite positive forward indicators? - Management explained that the mix of products and promotional activities impacted deferred revenue, but positive indicators in group bookings and Discovery Cove provide confidence [36][38] Question: What are the trends in consumer spending? - Management noted that in-park spending was slightly down but indicated that there were no significant signs of consumer pullback, with positive indicators in certain parks [48][50] Question: Can the company leverage Halloween and Christmas events to boost summer attendance? - Management confirmed that they are working to promote season passes that include access to Halloween and Christmas events, aiming to drive summer attendance [82][83]

Financial Data and Key Metrics Changes - The company reported a record adjusted EBITDA of $24.1 million, up nearly 9% year over year, reflecting improved operating leverage and strategic execution [5][19][23] - Revenue for the second quarter was $185.4 million, consistent with the prior year after adjusting for exited operations, indicating a modest decline not related to market share loss [22][28] - Gross profit increased by $2.6 million, representing a 200 basis point expansion year over year to 29.1% [22][23] Business Line Data and Key Metrics Changes - The International segment demonstrated organic growth of over 14%, primarily driven by European operations [6] - The PCMS service offering within the Data Solutions business grew over 30% [6][19] - Aerospace and defense revenue grew by 7.4%, while industrials saw a 7.2% increase [6] Market Data and Key Metrics Changes - The oil and gas market experienced softness due to macroeconomic volatility, but a stronger second half is anticipated due to a robust backlog of turnaround work [6][19] - The power generation and transmission end market showed quarterly revenue growth of over 30% [14] Company Strategy and Development Direction - The company is focused on diversifying its business and enhancing profitability through strategic initiatives and customer engagement [10][20] - A five-year strategic roadmap, Vision 2030, is being developed to capitalize on growth opportunities across the organization [30] - The company aims to become a market leader in asset integrity and testing by leveraging integrated offerings and advanced technologies [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the energy market and the company's role in supporting energy transitions and infrastructure demands [7][20] - The company is committed to profitability and improving return on invested capital as a key measure of success [32] - Management acknowledged challenges in the midstream oil and gas sector but sees potential for recovery and growth [45][46] Other Important Information - The company has made structural improvements, including closing underperforming offices, which resulted in a revenue loss of approximately $3 million in Q2 [17] - The effective income tax rate for 2025 is anticipated to be around 25% [25] Q&A Session Summary Question: Guidance on revenue expectations - Management indicated that while EBITDA is expected to exceed last year's results, revenue guidance remains uncertain due to market volatility and exited operations [37][39] Question: Challenges in the midstream market - Management acknowledged increased competition and pricing pressures in the midstream sector but expressed confidence in future opportunities [45][46] Question: Customer engagement and relationship changes - The company is shifting from transactional relationships to strategic partnerships, focusing on aligning with customer needs and enhancing service offerings [48][51] Question: Gross profit margin sustainability - Management expects gross profit margins to sustain at current levels due to diversification and operational efficiencies [89][92] Question: New ERP system impact - The new ERP system is expected to improve efficiency and cash flow generation in the second half of the year as the company overcomes initial implementation challenges [93][96] Question: Future reorganization costs - Management anticipates moderate reorganization costs moving forward, with a focus on maintaining an agile and efficient organizational structure [102][104]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 China New City Group Limited 中國新城市集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：1321） 自願性公告 與HASHKEY EXCHANGE訂立戰略合作備忘錄 合作備忘錄 本公司董事會（「董事會」）欣然宣佈，於2025年8月4日，本公司與Hash Blockchain Limited （「HashKey Exchange」）訂立戰略合作備忘錄（「備忘錄」），旨在共同探索合規虛擬資產配置及託 管等業務合作機會，提升資產管理效率與安全性。 合作核心內容 1. 機構資產管理與運營優化 雙方將以提升本集團機構資產的數字化管理效率為目標，探索合規框架下的資產安全託管 及配置路徑，並建立定期技術及業務交流機制。 2. 技術服務與合規探索 HashKey Exchange將為本集團提供虛擬資產配置相關的技術研究及合規流程建議，包括託管 機制、操作流程及風險管理等，支持本 ...

Financial Performance - VEON reported a revenue growth of 5.9% year-on-year to USD 1,087 million in the second quarter of 2025, with local currency growth at 11.2% YoY, surpassing the average inflation rate of 8.6% in its operating countries [2][9] - Direct digital revenues increased by 56.6% YoY in reported currency and 62.4% YoY in local currency, accounting for 16.5% of total revenues, up from 5.4% a year ago [3][9] - EBITDA reached USD 520 million, reflecting a 13.2% YoY increase in reported currency and a 19.6% increase in local currency terms [3][9] Capital Expenditure and Financial Position - Capital expenditures (Capex) for 2Q25 were USD 231 million, resulting in a capex intensity of 21.3% for the quarter [4] - Total cash and cash equivalents as of June 30, 2025, amounted to USD 1,283 million, with net debt to EBITDA at 1.32x [4][9] Outlook - The company revised its 2025 outlook, expecting local currency revenue growth of 13% to 15% and local currency EBITDA growth of 14% to 16% [5][10] - Capex intensity for 2025 is anticipated to remain within the range of 17% to 19% [5][10] Strategic Initiatives - VEON completed the third phase of its share buyback program, acquiring 722,588 ADSs for a total of USD 35 million, completing a previously announced USD 100 million buyback program [6] - The acquisition of Uklon in April 2025 marks a strategic milestone in expanding VEON's digital services footprint [8]

Earnings Presentation 2Q25 August 6th, 2025 Economic & Banking Industry Overview GDP growth driven by strengthening domestic demand Chile's GDP Growth YoY, % 4.5% 0.7% -2.1% -0.3% -0.1% 1.4% 1.1% 3.3% 1.2% 2.0% 4.0% 2.3% -3% -2% -1% 0% 1% 2% 3% 4% 5% Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Unemployment Rate % 10.9% 5.3% -40% -30% -20% -10% 0% 10% 20% Mar-22 May-22 Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Jan-24 Mar-24 May-24 Jul-24 Sep-24 Nov ...

Financial Data and Key Metrics Changes - Reported sales increased by 5% year over year, with organic sales up over 4% [9][22] - Adjusted EPS was $2.82, exceeding expectations due to higher volume and strong execution on cost reduction [14][23] - Free cash flow reached $489 million, up $251 million from the prior year, with a conversion rate of 153% [24] Business Segment Data and Key Metrics Changes - Intelligent Devices organic sales rose by 1%, with double-digit growth in products offsetting declines in longer cycle configured to order business [10] - Software and Control organic sales grew by 22% year over year, driven by strong hardware sales [11] - Lifecycle Services organic sales declined by 6% year over year, aligning with expectations due to difficult comparisons [13] Market Data and Key Metrics Changes - The Americas, EMEA, and Asia all experienced year-over-year orders growth, with a total company book to bill ratio of approximately 1.0 [8] - Discrete sales grew by 10%, driven by automotive and e-commerce sectors, while hybrid industries saw high single-digit growth [14][16] - Process Industries sales decreased by low single digits due to weak global demand and volatile commodity prices [17] Company Strategy and Development Direction - The company plans to invest over $2 billion in plants, digital infrastructure, and talent over the next five years to enhance competitiveness and expand margins [6][38] - Focus on operationalizing cost reduction and margin expansion initiatives as part of the core business strategy [37] - Emphasis on automation and digital transformation to drive future growth and efficiency [39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to year-over-year growth and improving outlook in key verticals [44] - The company anticipates continued challenges from trade policy uncertainties and geopolitical risks [20][22] - Adjusted sales growth guidance for the year is now in the range of positive 1% to negative 2% [22] Other Important Information - The company achieved its full-year productivity goal of $250 million a quarter earlier than expected [5][36] - The adjusted effective tax rate for the third quarter was 15.2%, up from 13.3% the previous year [23] - Share buybacks in Q3 totaled approximately 500,000 shares at a cost of $123 million [33] Q&A Session Summary Question: Discussion on CapEx investments - Management clarified that the $2 billion investment is a strategic move to expand margins and enhance operational efficiency, not merely a catch-up on past investments [50][56] Question: Outlook on growth and operating leverage - Management indicated that they are optimistic about growth despite potential tax headwinds and are committed to margin expansion [63][66] Question: Insights on project delays and bookings - Management noted that while there are delays in projects, there are no cancellations, and they expect an increase in orders related to new capacity in the upcoming fiscal year [80][84] Question: Margin potential in Intelligent Devices segment - Management expressed commitment to improving margins in the Intelligent Devices segment through cost reductions and operational excellence [86][89]

Financial Data and Key Metrics Changes - Syncora reported consolidated revenue of $80.7 billion, an increase of 9% year-over-year, driven by growth in both reporting segments [18] - Adjusted operating income grew by 21%, while adjusted diluted EPS increased by 20% [7][17] - Consolidated gross profit was $2.9 billion, up 21%, with a gross profit margin of 3.55%, reflecting a 36 basis point increase [19] - Net interest expense rose to $82 million, an increase of $50 million compared to the prior year, primarily due to debt raised for the RCA acquisition [21] - The effective income tax rate was 20.7%, slightly down from 21% in the prior year [21] Business Line Data and Key Metrics Changes - U.S. Healthcare Solutions segment revenue was $72.9 billion, up 9%, benefiting from strong pharmaceutical utilization trends, including a 19% increase in GLP-1 sales [23] - Operating income for the U.S. Healthcare Solutions segment increased by 29% to $9.2 billion, driven by growth across distribution businesses and contributions from RCA [24] - International Healthcare Solutions segment revenue was $7.8 billion, up approximately 11% on an as-reported basis, but operating income declined by 13% due to softness in higher-margin global specialty logistics [25] Market Data and Key Metrics Changes - The U.S. segment is expected to see revenue growth in the range of 9% to 10%, while the International segment is projected to grow by 6% to 7% on an as-reported basis [28][29] - On a constant currency basis, International Healthcare Solutions segment revenue growth is expected to be 7% to 8% [30] Company Strategy and Development Direction - Syncora's strategy focuses on enhancing patient care, strengthening specialty leadership, and leading with market leaders [8][14] - The company is committed to digital transformation, talent development, and prioritizing growth-oriented investments [14][15] - Investments in technology and capabilities, including the acquisition of RCA, are aimed at enhancing service offerings and market position [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strong performance of the U.S. Healthcare Solutions segment, despite a loss of an oncology customer due to acquisition activity [31] - The company anticipates sequential improvement in operating income for the International Healthcare Solutions segment, expecting a return to growth in the fourth quarter [32] - Management remains engaged with policymakers to ensure access to community providers is maintained amid evolving healthcare policies [49] Other Important Information - The company raised its fiscal 2025 EPS guidance to a range of $15.85 to $16, reflecting continued strong performance [27] - Adjusted free cash flow guidance remains unchanged at $2 billion to $3 billion for the full year [22] Q&A Session Summary Question: Can you discuss the U.S. Healthcare segment's revenue growth moderation? - Management noted that revenue growth moderation was due to factors such as biosimilars impact, moderated GLP-1 growth, and the loss of a high-revenue but low-margin customer [36][38] Question: What is the outlook for the international business and clinical trial activity? - Management indicated that clinical trial activity has been subdued, impacting the international segment, but recent improvements in trial start statistics are encouraging for future demand [42] Question: How is the RCA acquisition tracking against expectations? - Management expressed satisfaction with the RCA acquisition, highlighting strong cultural fit and positive early customer feedback [46] Question: What are the potential impacts of the proposed hospital outpatient perspective rule? - Management acknowledged the ongoing political discussions but emphasized that it is too early to determine the full impact on the competitive environment [48] Question: How does the company view the competitive landscape in specialty distribution? - Management stated that they remain focused on their strengths in specialty areas like retina and oncology, and are continuously evaluating future opportunities [82] Question: What are the moving pieces for fiscal year 2026 guidance? - Management highlighted that while they expect continued strong performance, they do not anticipate the same level of rapid growth as seen in recent years [79]