SEMPERIT GROUP H1 2025 EARNINGS PRESENTATION Manfred Stanek, CEO Helmut Sorger, CFO 13 August 2025 Agenda Overview (p.3) Operational Performance (p.4) Financial Performance (p.7) Outlook (p.15) Appendix (p.17) 2 Earnings Presentation H1 2025 I 13 August 2025 Overview H1 2025 Semperit gains momentum in Q2 2025: EBITDA significantly improved to EUR 19.6m (+76.2% qoq) Recovery in order activities continues after subdued development in January/February H1 still marked by challenging environment: EBITDA at EUR 3 ...

Spirit Airlines is warning that it may not survive the next year unless it can quickly raise more cash — just five months after emerging from bankruptcy protection.The budget airline said in a report Monday that fewer people are booking leisure trips within the US and tough competition from other carriers is making it hard to hit the money targets it promised after bankruptcy.The company cautioned that failure to secure additional funds could trigger loan defaults and force it to sell assets, including plan ...

Core Viewpoint - BP has indicated a potential turnaround with improved quarterly performance and significant oil and gas discoveries, signaling a shift back to traditional energy sources after years of challenges and executive changes [2][4][5]. Financial Performance - BP reported an adjusted net income of $2.4 billion for Q2 2025, a 14% decrease year-on-year, but exceeding market expectations of $1.7-$1.9 billion [3]. - The company raised its quarterly dividend by 4% to 8.32 cents per share and plans to repurchase $750 million in shares [8]. Strategic Focus - Under CEO Murray Auchincloss, BP is reducing its renewable energy investments and increasing focus on oil and gas, with plans to boost upstream investment by 20% to $10 billion annually through 2027 [5][6]. - The company is conducting a thorough review of its business portfolio to maximize shareholder value and has achieved $1.7 billion of its $4-$5 billion cost-cutting target for 2023-2027 [6][9]. Recent Developments - BP announced its largest oil and gas discovery in 25 years in the Santos basin off Brazil, which is expected to significantly impact the company's future [4]. - The company has completed $3 billion in divestments towards its goal of $3-$4 billion by the end of the current year [9]. Market Position - BP's share price increased by 3.3% since the beginning of the year, but remains down 3.4% on an annualized basis, with 5-year gains at approximately 45% compared to competitors like Shell and ExxonMobil [10][11].

Industry Overview - The Zacks Transportation-Services industry is currently facing challenges such as dull freight rates, high inflation, and ongoing supply-chain disruptions, along with tariff-related uncertainties and geopolitical issues [1][4][7] - Companies in this industry provide logistics, leasing, and maintenance services, focusing on global logistics management and third-party logistics solutions [3] Current Trends - Supply-chain disruptions and weak freight rates continue to negatively impact the industry, with the Cass Freight Shipments Index declining by 2.4% year over year in June, marking a deterioration for 11 consecutive months [4] - The industry is experiencing significant inflation, particularly in labor and freight costs, prompting companies to implement cost-cutting measures to improve productivity and efficiency [5] - Despite economic recovery, the industry's earnings outlook is negative, with a 31.2% decrease in earnings estimates for 2025 since August 2024 [10] Financial Performance - The Zacks Transportation-Services industry has underperformed the S&P 500, declining by 12.8% over the past year, while the S&P 500 appreciated by 12.2% [12] - The industry is currently trading at a forward price-to-sales ratio of 1.32X, significantly lower than the S&P 500's 5.26X and the sector's 1.45X [15] Company Highlights - Expeditors International of Washington (EXPD) has a Zacks Rank 2 (Buy) and has consistently beaten earnings estimates by an average of 13.3% over the last four quarters, despite facing weak volumes [17] - C.H. Robinson Worldwide (CHRW) holds a Zacks Rank 3 (Hold) and has surpassed earnings estimates by an average of 14.5% in the past four quarters, with a strong liquidity position [21] - Matson (MATX), also with a Zacks Rank 3, has implemented effective cost-management actions and has beaten earnings estimates in three of the last four quarters, with an average beat of 9.7% [24]

Core Insights - The Mosaic Company's shares have increased by 39.2% over the past six months, outperforming its industry's 17.9% rise and the S&P 500's approximately 6% increase [1][8]. Group 1: Company Performance - Mosaic reported adjusted earnings of 49 cents per share for Q1 2025, exceeding the Zacks Consensus Estimate of 39 cents [3]. - The company is benefiting from rising global demand for phosphate and potash, driven by favorable agricultural conditions and strong crop demand [3][4]. - Mosaic is implementing cost-cutting measures with a target of achieving $150 million in annual savings by the end of 2025 [5][8]. Group 2: Market Dynamics - Global demand for grains and oilseeds remains robust, supporting steady fertilizer use among farmers [4]. - In North America, strong yields and the need to restore soil nutrients are contributing to a healthy market for fertilizers [4]. - In Brazil, favorable farm economics and low stock levels are expected to drive higher demand for fertilizers, while in India, increased consumption is anticipated due to pent-up demand and limited inventory [4].

Group 1 - Nissan Motor Co., Ltd. is facing a cash shortage, leading to delays in payments to suppliers and significant global cost-cutting measures, including the elimination of 20,000 jobs, which is about 15% of its global workforce [1][10] - The company is negotiating with suppliers for extended payment terms and has offered flexible payment options to selected suppliers in the U.K. and Europe to improve cash flow for the April-June quarter [3][4][10] - As of March end, Nissan had 2.2 trillion yen in cash and equivalents but faced approximately 700 billion yen in debt maturing later in the year, with a target of 250 billion yen in cost reductions under its Re:Nissan recovery plan [6][10] Group 2 - Discussions will begin with workers at the Sunderland plant in the U.K. regarding voluntary retirement, aiming to reduce the workforce by about 250 employees, as the facility is crucial for Nissan's turnaround and future electric vehicle production [2][10] - Nissan has provided suppliers with two options for payment: defer payments at a higher interest rate or receive immediate payment from HSBC, which Nissan will reimburse later with interest [5][10]

Core Insights - The Mosaic Company's shares have increased by 29.1% over the past three months, outperforming its industry's 17.3% rise and the S&P 500's approximately 5.5% increase [1][8] Group 1: Financial Performance - Mosaic reported adjusted earnings of 49 cents per share for Q1 2025, surpassing the Zacks Consensus Estimate of 39 cents [3] - The company is expected to achieve $150 million in annualized savings by the end of 2025 through ongoing cost-cutting initiatives [5][8] Group 2: Market Demand - Increased global demand for phosphate and potash is benefiting Mosaic, driven by favorable agricultural conditions and strong crop demand [3][8] - In North America, high yields and the need to replenish soil nutrients are creating a positive market for fertilizers [4] - Brazil and India are also expected to see increased fertilizer consumption due to improved farmer economics and low inventories [4] Group 3: Cost Management - Mosaic is actively implementing cost-cutting strategies to enhance cost efficiency in response to operational challenges [5][8]

Government & Policy - Lawmakers have less than a month to solidify $9.4 billion in federal spending cuts [1] Business & Finance - Elon Musk's cost-cutting task force eliminated $9.4 billion in federal spending [1]

Core Insights - Citigroup, Inc.'s CEO Jane Fraser is implementing a significant restructuring to improve performance and reduce costs, including a reduction in management layers from 13 to 8 [1][8] - The company plans to eliminate 20,000 jobs over the next two years as part of this restructuring effort [1] - Citigroup aims to achieve annualized savings of $2-2.5 billion by 2026, with expected expenses below $53.4 billion for 2025 [3][8] Company Restructuring - In June 2025, Citigroup will further reduce its technology workforce in China by approximately 3,500 employees as part of its simplification efforts [2] - The company has also consolidated its global real estate footprint in various locations, including the United States, Indonesia, the Philippines, and Poland [2] Financial Performance - Citigroup's expenses for 2024 were reported at $53.9 billion, with a target of reducing them to below $53.4 billion in 2025 [3] - The company's shares have increased by 13.1% year-to-date, outperforming the industry growth of 12.3% [6] Valuation and Earnings Estimates - Citigroup trades at a forward price-to-earnings (P/E) ratio of 9.50X, which is below the industry's average of 13.94X [9] - The Zacks Consensus Estimate indicates year-over-year earnings growth of 24.2% for 2025 and 24.8% for 2026, with recent revisions showing a downward adjustment for 2025 and an upward adjustment for 2026 [11]

Core Viewpoint - The Mosaic Company (MOS) has seen a significant share price increase of approximately 38% over the past three months, indicating strong momentum and positive prospects for investors to consider adding the stock to their portfolios [1]. Stock Performance - MOS has outperformed its industry over the past year, with a share price increase of 21.4% compared to a 19.5% rise in the industry [2]. Earnings Estimates - The Zacks Consensus Estimate for Mosaic's earnings in 2025 is projected at $2.82 per share, reflecting a year-over-year growth of 42.4% [3]. Demand and Cost Management - MOS reported adjusted earnings of 49 cents per share for Q1 2025, surpassing the Zacks Consensus Estimate of 39 cents. The company is benefiting from high global demand for phosphate and potash, supported by favorable agricultural conditions [4][7]. - Global demand for grains and oilseeds remains robust, with improved farmer affordability likely to stabilize fertilizer usage. Higher crop prices are encouraging growers to utilize more fertilizer [5][8]. - The company is actively implementing cost-cutting measures aimed at generating $150 million in annualized savings by the end of 2025, which is expected to enhance profitability [9].