Q1 FY26 Earnings Results JANUARY 8, 2026 Forward-Looking Statements Historical financial and operating data in this presentation reflect the consolidated results of WD-40 Company and its subsidiaries (collectively, the "Company"). The Company markets maintenance products ("MP") under the WD-40®, 3-IN-ONE® and GT85® brand names. The WD-40 brand portfolio also includes the WD-40® Multi-Use Product, the WD-40 Specialist® and WD-40 BIKE® product lines. The Company markets the homecare and cleaning products ("HC ...

Financial Performance & Targets - KeyCorp expects a record revenue year in 2025, with FY Adjusted Total Revenue (TE) growth up by 15%+ YoY[9] - The company anticipates Net Interest Income (TE) growth of 22%+ [9] - Adjusted Noninterest Income is projected to grow by 6.5%+ [9] - KeyCorp aims for a ROTCE target of 15%+ by 4Q27[10] Capital Allocation - KeyCorp's Common Equity Tier 1 ratio was 10.3% in 3Q25[9] - The company plans to repurchase ~$200 million in shares during 4Q25, with ~$800 million remaining on the existing authorization[9] - KeyCorp is not pursuing depository institution acquisitions[9] Non-GAAP Measures & Forward-Looking Statements - The presentation includes forward-looking statements subject to risks and uncertainties[4] - Annualized, pro forma, projected, and estimated numbers are for illustrative purposes only and may not reflect actual results[6] - The presentation may include non-GAAP measures, which are not alternatives to GAAP measures[7]

Core Viewpoint - BigBear.ai Holdings, Inc. conducted its third quarter 2025 earnings call, highlighting key financial results and future outlooks for the company [2]. Group 1: Financial Performance - The earnings call was led by CFO Sean Ricker and CEO Kevin McAleenan, who discussed the company's financial results for the third quarter [2]. - The company provided forward-looking statements regarding its financial performance, emphasizing that actual results may differ from projections [2]. Group 2: Investor Relations - Charts and supplementary information regarding non-GAAP measures were made available on the company's website to enhance the understanding of the financial results discussed during the call [3].

Q3 2025 Financial Performance - Revenues remained relatively unchanged at $575 million compared to $574 million in Q3 2024[11] - GAAP Income from Continuing Operations showed a decrease of 82%, falling from $(11) million in Q3 2024 to $(20) million in Q3 2025[11] - Adjusted EBITDA decreased by 12%, from $85 million in Q3 2024 to $74 million in Q3 2025, representing a margin of 12.9% compared to 14.8% in the previous year[11] - Adjusted diluted loss per share from continuing operations was $(0.08), compared to $(0.01) in Q3 2024[11] - Adjusted Free Cash Flow was $6 million, a significant change from $(34) million in Q3 2024[11] Segment Performance - Harsco Environmental's revenues decreased by 6% to $261 million, and Adjusted EBITDA decreased by 17% to $44 million[12] - Clean Earth's revenues increased by 6% to $250 million, and Adjusted EBITDA increased by 4% to $43 million[16] - Harsco Rail's revenues increased by 10% to $64 million, but Adjusted EBITDA decreased by 48% to $(4) million[20] Revised 2025 Outlook - GAAP Loss from Continuing Operations is projected to be between $(103) million and $(93) million, revised from the prior outlook of $(74) million to $(56) million[24] - Adjusted EBITDA is expected to be between $268 million and $278 million, revised from the prior outlook of $290 million to $310 million[24] - Adjusted Free Cash Flow is projected to be between $(30) million and $(20) million, revised from the prior outlook of $15 million to $35 million[24]

Financial Performance - Q3 2025 revenue was $41.6 million[32] - Nucleic Acid Products (NAP) revenue was $25.4 million[15, 33] - Biologics Safety Testing (BST) revenue was $16.3 million[14, 33] - GAAP Net Loss was $45.1 million[38] - Adjusted EBITDA was a loss of $10.8 million[38] - Basic and Diluted EPS were both losses of $0.18, while Adjusted EPS was a loss of $0.08[40] - Cash used in operations was $15.2 million[44] Guidance and Future Outlook - The company expects to lower annualized expenses by more than $50 million[17] - The company anticipates sequential Adjusted EBITDA improvements in Q4 of more than $7 million[17] - The company expects annual revenue contribution from COVID GMP CleanCap® to be $10 million to $20 million starting in 2026[23] - 2025 revenue is expected to be approximately $185 million, and Adjusted EBITDA is expected to be a loss of approximately $35 million[51]

Financial Performance & Outlook - The company delivered approximately 8% comparable EBITDA growth year-over-year for the first 9 months of 2025[15] - The company is on track to deliver a long-term target of 475x debt-to-EBITDA[15] - The company expects to deliver 2026E comparable EBITDA of $116 - $118 billion[86] - The company is targeting $6 - $7 billion annual net capital expenditures through 2030 with build multiples in the 5 – 7x range[78, 86] - The company expects approximately 6% – 8% comparable EBITDA growth from 2025 to 2026 and extending growth outlook of approximately 5% – 7% 3-year CAGR[76] Growth Projects & Capital Allocation - The company placed approximately $8 billion of assets into service year-to-date, with 2025 projects tracking approximately 15% under budget[15, 60] - The company sanctioned approximately $51 billion of new projects in the last twelve months at an average build multiple of approximately 60x[15] - The company is announcing approximately $07 billion of new growth projects serving power generation & data center demand[15] - The company's natural gas demand growth is projected to increase by 45 Bcf/d by 2035[21] Strategic Priorities & Market Position - The company's total system deliveries averaged 230 Bcf/d, up 2% vs Q3 2024[74] - The company's deliveries to LNG facilities averaged 37 Bcf/d, up 15% vs Q3 2024[74]

Financial Performance - Net sales for the third quarter of 2025 were $553 million[14] - Non-new machine sales reached $177 million, up 5% year-over-year[14] - Adjusted EBITDA for the third quarter of 2025 was $34 million, representing a 6.2% adjusted EBITDA margin, up 120 bps year-over-year[14] - The company achieved a new trailing twelve-month (TTM) non-new machine sales record of $667 million[15] - Net income for the third quarter of 2025 was $5 million, compared to a loss of $7 million in the same period of 2024[54] - Adjusted EBITDA for the third quarter of 2025 was $34.1 million, compared to $26.2 million in the same period of 2024[56] Market Conditions and Strategy - The overall market environment is positive, but tariffs are creating near-term uncertainty in the U S[22, 23] - The company is focused on driving net leverage under 30x[29] - The company is driving value creation by servicing customers through initiatives like the CRANES+50 program[39] - The company is also driving value creation with new aftermarket products[49]

Operational Highlights - Total tonnes processed in Q3 2025 were 65,131, with a daily processing rate of 1,124 tonnes[28] - Year-to-date 2025, the total tonnes processed reached 185,516, with a daily processing rate of 1,144 tonnes[28] - Gold ounces sold in Q3 2025 amounted to 1,422, and silver ounces sold were 417,710[28] - Year-to-date 2025, gold ounces sold totaled 3,159, and silver ounces sold reached 798,395[28] - Gold equivalent ounces sold in Q3 2025 were 6,298, and year-to-date 2025, they totaled 12,150[28] Financial Performance - The company's cash balance as of September 30, 2025, was $9.8 million[29] - Net sales for Q3 2025 were $24.9 million, and for the nine months ended September 30, 2025, net sales were $48.5 million[29] - The net loss for Q3 2025 was $(4.7) million, and for the nine months ended September 30, 2025, the net loss was $(24.5) million[29] - Mining gross profit for Q3 2025 was $6.2 million, while the mining gross profit for the nine months ended September 30, 2025, was $0.3 million[29] - Total cash costs per gold equivalent ounce for Q3 2025 were $2,116/oz, and for the nine months ended September 30, 2025, they were $2,594/oz[29] - Total all-in sustaining costs per gold equivalent ounce for Q3 2025 were $2,983/oz, and for the nine months ended September 30, 2025, they were $3,542/oz[29] Investment and Capital Allocation - Total capital and exploration investment for Q3 2025 was $7.705 million, and for the year-to-date 2025 period, it was $14.859 million[33] - Sustaining investments in Q3 2025 totaled $3.416 million, and year-to-date 2025, they amounted to $6.063 million[33] - Growth investments in Q3 2025 were $4.289 million, and year-to-date 2025, they reached $8.796 million[33]

Q3 2025 Financial Highlights - Revenue grew by 71% with organic growth of 63%[9] - Adjusted Net Income increased by 144%[9] - Adjusted EBITDA increased by 186% with Adjusted EBITDA margin up by 270 bps[9] - Free Cash Flow generated was $389 million for the last twelve months ended September 30 2025[9] Q3 2025 Revenue Breakdown - Total revenue for Q3 2025 was $783 million, compared to $731 million in Q3 2024[11] - Industrial revenue increased by 82% to $343 million[20] - Consumer revenue increased by 59% to $340 million[23] - Software and Advisory revenue increased by 75% to $100 million[27] Q3 2025 Adjusted EBITDA - Adjusted EBITDA for Q3 2025 was $217 million, a 186% increase from $183 million in Q3 2024[14] - Industrial Adjusted EBITDA increased by 160% to $123 million with a margin of 359%[20] - Consumer Adjusted EBITDA increased by 129% to $70 million with a margin of 206%[23] - Software and Advisory Adjusted EBITDA increased by 600% to $24 million with a margin of 240%[27] 2025 Outlook - The company expects constant currency organic revenue growth to be between 55% and 6%[37] - Adjusted EBITDA margin organic improvement is expected to be approximately 25%[37] - Capital expenditures are projected to be between 65% and 7% of revenue[37]

Financial Performance - Third-quarter sales reached $8.615 billion, a 3% increase year-over-year and a 1% increase sequentially[5] - Operating profit for the third quarter was $2.558 billion, a 3% increase year-over-year[5] - Diluted EPS for the third quarter was $4.21, a 7% increase year-over-year[5] - Operating cash flow for the third quarter was $2.9 billion, an 8% increase year-over-year[5] - The company's backlog is $10 billion[6] Capital Management - Year-to-date capital reinvestment in the business totaled $4.2 billion, a 23% increase year-over-year[12] - Net share repurchases amounted to $3.2 billion year-to-date[10, 12] - Base capex is projected at $1.9 billion year-to-date[10] Guidance - The company anticipates fourth-quarter adjusted EPS to be in the range of $4.10 to $4.20, representing a 3% to 6% increase compared to 2024[15] - Full-year 2025 adjusted EPS is expected to be between $16.35 and $16.45, a 5% to 6% increase versus 2024[15] - Capital expenditure (CAPEX) for 2025 is projected to be in the range of $5.0 billion to $5.5 billion[15] Regional Performance - Sales in the Americas increased by 6% year-over-year to $3.846 billion[18] - Sales in APAC increased by 1% year-over-year to $1.741 billion[22] - Sales in EMEA increased by 3% year-over-year to $2.178 billion[27]