Investor Presentation August 2025 Disclaimer This presentation contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, the outlook for fleet utilization and shipping rates, general industry condit ...

Core Insights - Intesa Sanpaolo is committed to supporting Ukraine's reconstruction through blended finance, ESG principles, and long-term investment [2][3] - The bank operates in Ukraine through its subsidiary Pravex Bank, making it the only Italian banking group with a presence in the country [3] Group Commitment and Strategy - Intesa Sanpaolo adopts a prudent approach in the current geopolitical landscape, avoiding excessive risk while preparing to support reconstruction projects when conditions permit [3] - The Group collaborates with supranational institutions like the EBRD and EIB to contribute to development projects aimed at rebuilding Ukraine [3] Economic Revitalization - Rebuilding Ukraine's economy necessitates both private capital and support from supranational financial institutions, with Intesa Sanpaolo playing a crucial role in blended finance mechanisms [3] - The Group emphasizes stability and local development, focusing on long-term investments in regions where sustainable growth is possible [3] Inclusive Growth and ESG Alignment - Intesa Sanpaolo promotes inclusive growth, financial education, and ESG-aligned financing in all its operational regions, including Ukraine [3] - The bank aims to support not only economic reconstruction but also the long-term sustainable development of local communities in Ukraine [3] Green Financing Initiatives - As a leader in the transition to a low-carbon economy, Intesa Sanpaolo offers dedicated green credit lines and a growing portfolio of sustainable products, which can aid in Ukraine's future rebuilding efforts [3]

Core Viewpoint - TeraWulf Inc. has announced the acquisition of Beowulf Electricity & Data LLC, which aims to simplify its corporate structure and enhance operational efficiency through vertical integration and resource consolidation [1][2][3]. Transaction Overview - The total consideration for the acquisition is approximately $52.4 million, comprising $3 million in cash and 5 million shares of TeraWulf common stock [2]. - The agreement includes contingent cash payments of up to $19 million and additional common stock worth up to $13 million, contingent on achieving key milestones [2]. - Following the acquisition, 94 employees from Beowulf E&D have transitioned to TeraWulf, and an existing services agreement with Beowulf E&D has been terminated [2]. Strategic Rationale - The acquisition consolidates operations under a unified structure, enhancing transparency, governance, and strategic flexibility for long-term growth [3]. - The transaction was approved by an independent committee of the Board of Directors, ensuring fairness and compliance [3]. - The integration of Beowulf E&D's expertise in power generation supports TeraWulf's growth strategy, particularly in high-power compute operations [6]. Company Overview - TeraWulf develops and operates sustainable data center infrastructure in the U.S., primarily for bitcoin mining and high-performance computing (HPC) workloads [4]. - The company generates revenue mainly through bitcoin mining, utilizing predominantly zero-carbon energy sources [4]. - TeraWulf is committed to environmental, social, and governance (ESG) principles, aiming for industry-leading economics in its operations [4]. Strengthened Vertical Integration - The acquisition enhances TeraWulf's access to capital markets by simplifying its corporate structure, improving transparency for debt investors [6]. - The elimination of a related-party structure broadens engagement with institutional investors, who may have been previously constrained by such disclosures [6].

Business Highlights - Danaos has a charter backlog of $3.7 billion through 2033 with world leading liner companies[7] - The company has secured multi-year chartering agreements for all fifteen newbuilding vessels[7] - Strong operating days contract coverage of 99% for 2025 and 85% for 2026 limits downside risk and provides solid contracted income base[7] - Danaos met the IMO 2030 carbon intensity targets 11 years ahead of requirements in 2019 and continues to meet the target with a 51.4% reduction in CO2 emissions per ton miles for year 2024[7] - Net Debt / Adjusted EBITDA ratio of 0.42x as of March 31, 2025[7] - During April and May 2025, the company purchased 2,060,399 shares of common stock of '' SBLK'' in the open market for $27.8 million and currently owns 6,130,613 shares of common stock of "SBLK"[7] Financial Performance (Q1 2025) - Operating Revenues were $253.3 million for the three months ended March 31, 2025[9] - Adjusted EBITDA was $171.7 million for the three months ended March 31, 2025[9] - Adjusted Net Income was $113.4 million for the three months ended March 31, 2025[9] - Time Charter Equivalent was $36,565 per day for container vessels and $10,513 per day for dry bulk vessels for the three months ended March 31, 2025[9]