Vantage Corp Investor Presentation NYSEAM: VNTG March 2026 Forward Looking Statement This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate", "estimate", "expect ...

Financial Data and Key Metrics Changes - Net sales increased over 17% year-over-year to nearly $136 million, representing a growth of $19.8 million [5][17] - EBITDA rose nearly 21% to $16.8 million [6] - Adjusted EPS improved to $0.08 from $0.03 in the prior year [6][19] - Operating cash flow increased by more than $30 million year-over-year [6] Business Line Data and Key Metrics Changes - Handgun unit shipments into the sporting goods channel were up 28%, while NICS was down 2.2%, indicating significant market share growth [7] - Long gun shipments into the sporting goods channel decreased by 25%, with overall NICS down 5.6% [8] - New products accounted for 44% of handgun shipments and 28% of long gun shipments during the quarter [9] Market Data and Key Metrics Changes - Distributor inventory increased by approximately 20% over the end of the prior quarter, but only by about 4% compared with the end of January 2025, with weeks of supply steady at approximately nine weeks [17] - Average selling prices (ASPs) for handguns increased by 5.2% year-over-year to over $419, while long gun ASPs decreased by about 11% to $535 [10][18] Company Strategy and Development Direction - The company is focused on innovation and maintaining pricing power, which has led to strong profit margins and balance sheet performance [5] - The Smith & Wesson Academy is exceeding expectations and contributing to growth in both consumer and law enforcement channels [13][14] - The company aims to continue aligning production with sales expectations to drive results [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the brand and product assortment, expecting fourth-quarter sales to be up 10%-12% over Q4 2025 [21] - The company anticipates a small reduction in channel inventory as distributors prepare for slower summer months [21] - A healthy sales pipeline and momentum in law enforcement sales were highlighted as key growth areas [33][34] Other Important Information - The company ended Q3 with $75 million in debt, down from $90 million at the end of Q2, and paid down an additional $20 million after the quarter [11][20] - Cash generated from operations was $20.5 million, compared to cash used from operations of $9.8 million in the prior year [19] Q&A Session Summary Question: Recent pricing changes - Management confirmed a price increase effective January 1, approximately 3% across the board, with no pushback from distributors or consumers [24][25] Question: Strength in handgun sales - Management attributed strong handgun sales to successful product refreshment and alignment with market trends, particularly in the compact and full-size markets [26][28] Question: Long gun market strategies - Management acknowledged challenges in the long gun market but noted opportunities in the hunting category and potential for growth in SBRs [29][30] Question: Law enforcement sales opportunities - Management emphasized the focus on law enforcement as a growth area, with a healthy pipeline and ongoing innovation in products for this segment [32][34]

Core Viewpoint - Everybody Loves Languages Corp. has rescheduled its annual general and special meeting to March 19, 2026, where shareholders will vote on the amalgamation with ELL Ventures Ltd. and other annual meeting matters [1][2]. Group 1: Meeting Details - The annual general and special meeting will now take place on March 19, 2026, at 10:00 a.m. Toronto time, at the offices of Fogler, Rubinoff LLP [2]. - Proxies for the meeting must be received by 10:00 a.m. on March 17, 2026, and the record date for the meeting remains January 27, 2026 [2]. - Shareholders who have already voted do not need to recast their votes [2]. Group 2: Transaction Overview - At the meeting, shareholders will consider resolutions to approve the amalgamation with ELL Ventures Ltd., which will result in shareholders of Everybody Loves Languages Corp., other than ELL Ventures Ltd., receiving cash for their shares [1]. - This transaction is pursuant to a business combination agreement dated December 24, 2025 [1].

Financial Data and Key Metrics Changes - In Q4 2025, Expedia Group reported an 11% increase in bookings and revenue, with EBITDA margin expansion of nearly 4 points [14][20] - Gross bookings reached $27 billion, while revenue was $3.5 billion, with foreign exchange contributing slightly over 1 point to bookings growth and about 2 points to revenue [16][20] - Adjusted EBITDA for Q4 was $848 million, with a margin of 24%, reflecting revenue growth and expense leverage [19] Business Line Data and Key Metrics Changes - B2C gross bookings grew 5% to $18.3 billion, while B2C revenue increased 4% [16] - B2B gross bookings surged 24% to $8.7 billion, with revenue also growing 24% to $1.3 billion [17] - B2C EBITDA margins improved to 31.5%, up approximately 6 points from the previous year, driven by marketing leverage [16] Market Data and Key Metrics Changes - Booked room nights increased by 9%, with high single-digit growth in the U.S. and low double-digit growth in EMEA and the rest of the world [4][15] - Consumer spending remained robust, with longer booking windows and lengths of stay compared to 2024 [4] - The B2B segment experienced double-digit growth across all regions, indicating strong market demand [8] Company Strategy and Development Direction - The company aims to enhance traveler value through improved product offerings, faster site performance, and personalized experiences using AI [5][10] - Investments are being made in new lines of business, including the acquisition of Tiqets to broaden offerings for partners and travelers [9] - The strategy includes driving operational efficiencies and margin expansion, with a focus on optimizing marketing spend and leveraging AI for better targeting [12][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and ability to execute, anticipating continued growth and margin expansion in 2026 [13][24] - The company is cautious about macroeconomic uncertainties but expects strong bookings momentum entering Q1 2026 [20][21] - Management highlighted the importance of maintaining a competitive edge through enhanced customer service and loyalty programs [84] Other Important Information - The company ended Q4 with $5.7 billion in unrestricted cash and short-term investments, maintaining a commitment to return capital to shareholders [20] - A quarterly dividend increase of 20% to $0.48 per share was announced [20] Q&A Session Summary Question: Enhancements in Travel Planning Process - Management emphasized the importance of personalized marketing and product features to capture travelers earlier in the planning process [26][27] Question: B2C Marketing Leverage - Management discussed achieving about 50 basis points of leverage in B2C marketing through improved efficiency and targeting [30][31] Question: Competitive Positioning of Consumer Brands - Management expressed confidence in the positioning of their brands, highlighting improvements in supply and marketing effectiveness [36][38] Question: Margin Trajectory Outlook - Management indicated confidence in future margin expansion driven by effective execution and growth in B2C and B2B segments [42][44] Question: Supply Growth Dynamics - Management confirmed that supply growth benefits both B2C and B2B segments, with ongoing efforts to onboard properties more efficiently [49][51] Question: Traffic Changes from Google AI Features - Management noted no material changes in traffic from Google but sees opportunities in AI search to better target travelers [55][56] Question: B2B Growth Drivers - Management highlighted strong double-digit growth in B2B, driven by deeper partner relationships and innovative product offerings [62][65] Question: Alternative Lodging Uptake - Management reported growth in alternative lodging on Brand Expedia, indicating ongoing efforts to enhance the user experience [78] Question: CapEx for 2026 - Management expects CapEx to remain roughly in line with previous years, indicating no significant changes [79]

Financial Data and Key Metrics Changes - In 2025, the company achieved record underwriting profit of $67 million, up from $9 million in 2024, and net investment income increased by nearly 20% [6][7] - Full-year operating earnings per share improved by 80%, reaching $4.60, while book value per share grew by more than $6 to $36.88 [6][10] - The annual combined ratio improved to 94.8%, reflecting ongoing improvements in the underlying loss ratio, catastrophe loss ratio, and expense ratio [7][10] Business Line Data and Key Metrics Changes - The core commercial business, including small business, middle market, and construction, saw the strongest growth, contributing to a 9% increase in net written premium to over $1.3 billion [7][12] - Specialty E&S net written premium grew at a double-digit pace, while the surety business also delivered double-digit growth for the quarter and full year [15][16] - Rate increases moderated to 4.8% for the quarter, indicating a more competitive environment, particularly in property lines [13] Market Data and Key Metrics Changes - The company experienced a competitive market environment, particularly in property, but maintained a disciplined approach to underwriting and pricing [13][26] - The renewal of reinsurance treaties was successful, resulting in lower ceded margins and improved terms, despite exposure-adjusted rate decreases in major programs [19] Company Strategy and Development Direction - The company is focused on disciplined, solution-oriented underwriting, aiming for continued profitable growth and improved operational efficiency through strategic investments in technology [8][11] - The board of directors declared a 25% increase in the quarterly cash dividend, reflecting confidence in future financial performance and commitment to shareholder value [11][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning for 2026, emphasizing the successful transformation since late 2022 and the potential for sustainable growth [9][42] - The company is committed to maintaining a conservative posture with reserves to protect the balance sheet and is confident in achieving mid-teens return on equity targets [10][26] Other Important Information - The company reported a fourth-quarter net income of $1.45 per diluted share, with adjusted operating income of $1.50 per diluted share [21] - The expense ratio improved to 35.7%, with expectations for gradual reduction over time as growth continues [21][30] Q&A Session Summary Question: Current pricing expectations in a competitive market - Management acknowledged increased competition but maintained that pricing remains rational and attractive, with a focus on disciplined risk selection [25][26] Question: Long-term target for underwriting expense ratio - The company targets a run rate of about 35% for the expense ratio, with expectations for gradual reduction as growth continues [29][30] Question: Dynamics affecting profitability in the student insurance business - Management noted increased competition affecting rates and terms but emphasized disciplined underwriting and long-term commitments to maintain profitability [34][35] Question: Profitability issues in the other liability line - Management identified pressure on profitability in the umbrella line due to large losses but is taking a conservative approach to pricing and reserves [36][37] Question: Impact of nuclear verdicts on umbrella profitability - Management clarified that while social inflation impacts the portfolio, they have not seen significant nuclear verdicts affecting their business [38][39]

Core Viewpoint - BARK is conducting its Third Quarter Fiscal Year 2026 Earnings Call, indicating a focus on financial performance and future expectations [1]. Group 1: Financial Results and Conference Call Details - The earnings call is being hosted by key executives including the CEO and CFO, highlighting the importance of leadership in discussing financial outcomes [1]. - A press release detailing the company's financial results was issued, which is accessible on the Investor Relations website, emphasizing transparency and communication with investors [2]. Group 2: Forward-Looking Statements - The company has provided a reminder regarding forward-looking statements, indicating that future results may vary due to risks and uncertainties, which is a standard practice in financial communications [3]. - Non-GAAP financial measures will be discussed during the call, with reconciliations available in the press release, showcasing the company's commitment to clarity in financial reporting [3].

Group 1 - The meeting is a Special Meeting of Shareholders for Transcontinental, conducted in a bilingual format with simultaneous translation available [1][2] - Only duly registered shareholders or proxies are allowed to participate and vote, with instructions provided for participation [2][3] - The assembly includes a welcome tab with information on how to ask questions and vote, and a document tab containing relevant documents for the meeting [3] Group 2 - There is a warning regarding forward-looking statements that may be made during the assembly, indicating that some statements may not be historical facts [4]

Financial Data and Key Metrics Changes - The company reported a total of 37,589,332 shares issued and outstanding as of the record date, with each share entitled to one vote [4] - The meeting confirmed a quorum was present for the transaction of business, indicating strong shareholder engagement [5] Business Line Data and Key Metrics Changes - No specific financial data or key metrics related to individual business lines were provided in the meeting records Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The company emphasized the importance of forward-looking statements, indicating a focus on future growth and potential risks associated with financial performance [7] Management's Comments on Operating Environment and Future Outlook - Management cautioned that actual results could differ materially from projections, highlighting the inherent risks and uncertainties in the current operating environment [7] Other Important Information - The company provided access to its annual report on Form 10-K for the fiscal year ended September 30, 2025, which includes important risk factors [7] Q&A Session All Questions and Answers Question: What are the key risks associated with the company's forward-looking statements? - Management indicated that the actual results could differ materially from those projected due to various risk factors outlined in the annual report [7] Question: How did the voting on executive compensation and auditor appointment go? - The non-binding advisory vote regarding executive compensation received more votes for than against, and the proposal to ratify the appointment of Deloitte & Touche LLP was approved by a majority [6]

Core Viewpoint - Ondas Holdings, Inc. is conducting an Investor Day to discuss its business outlook and financial performance, emphasizing the importance of understanding forward-looking statements and their associated risks [1]. Group 1: Forward-Looking Statements - The company highlights that the call may contain forward-looking statements that reflect its best current judgment but are subject to risks and uncertainties that could lead to actual results differing materially from those implied [1]. - Ondas undertakes no obligation to revise or update any forward-looking statements unless required by law, indicating a commitment to transparency in its communications [2]. Group 2: Financial Measures - During the call, Ondas will refer to certain non-GAAP financial measures, which are not prepared in accordance with generally accepted accounting principles (GAAP) [2]. - Management believes that these non-GAAP measures provide valuable insights into the underlying trends of the business, supplementing GAAP measures rather than replacing them [2].

Core Viewpoint - Mission has announced a definitive agreement to acquire Calavo, indicating a strategic move to enhance its market position and operational capabilities [2]. Group 1: Acquisition Details - The acquisition of Calavo is expected to strengthen Mission's portfolio and expand its operational reach [2]. - A press release and presentation regarding the acquisition have been made available online under the Investor Relations section of both companies' websites [3]. Group 2: Forward-Looking Statements - The comments made during the call and the accompanying presentation include forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 [3][4]. - These forward-looking statements are based on management's current expectations and beliefs, along with various assumptions about future events [4].