The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of TOP TOY International Group Limited 大潮玩國際集團有限公司 (the "Company") (A company incorporated in the Cayman Islands with ...

INVESTOR PRESENTATION MARCH 2026 Forward-LookingStatementsInvolvingKnownandUnknownRisksandUncertainties Thisinvestorpresentationcontainsforward-lookingstatementsmadepursuanttothesafeharborprovisionsofthePrivateSecuritiesLitigationReformActof1995.Forward-lookingstatementscanbeidentifiedasthosethatmaypredict,forecast,indicateorimplyfutureresults orperformanceandbyforward-lookingwordssuchas "believe", "anticipate","expect","estimate","predict","intend","plan","project","goal","will","willbe","willcontinue","wi ...

Fourth Quarter 2025 Financial Highlights March 11, 2026 Safe Harbor and Non-GAAP Measures This Presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, concerning expectations, beliefs, plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements tha ...

Core Insights - Arhaus, Inc. reported record net revenue of $1.38 billion for 2025, marking an 8.5% increase from the previous year, driven by showroom expansion and strong client engagement [3][9] - The company announced a special cash dividend of $0.35 per share, reflecting its strong financial performance and cash position [6][17] Financial Performance - Net revenue increased to $1,379 million, up 8.5% compared to 2024 [8] - Gross margin rose by 7.0% to $536 million [8] - Selling, general and administrative expenses increased by 7.7% to $447 million [8] - Net and comprehensive income decreased by 1.9% to $67 million [8] - Adjusted EBITDA increased by 8.9% to $145 million [8] Sales Metrics - Comparable Written Sales increased by 1.3% for the full year [4][11] - Comparable Delivered Sales increased by 3.6%, reflecting strong client demand [10][11] Showroom Expansion - The company completed 13 total showroom projects in 2025, including 5 new openings and 7 relocations [12] - As of December 31, 2025, Arhaus operated 107 showrooms across 31 states [12][62] - The company plans to complete approximately 10 to 14 total showroom projects in 2026, including 4 to 6 new openings [13][70] Balance Sheet and Liquidity - Cash and cash equivalents totaled $253 million, a 28.3% increase from the previous year [16] - The company remains debt-free and has substantial liquidity to support long-term growth [8][16] Outlook for 2026 - Projected net revenue for 2026 is between $1.43 billion and $1.47 billion, representing a growth of 3.7% to 6.6% [19] - Expected net income for 2026 is between $66 million and $75 million [19] - The company anticipates comparable delivered sales growth of 0% to 3% for the year [19]

Core Viewpoint - Williams-Sonoma, Inc. is a leading omni-channel specialty retailer in premium home furnishings, kitchenware, and decor, with a market capitalization of $22.17 billion, indicating its large-cap status [1][2] Financial Performance - For the third quarter of fiscal 2025, Williams-Sonoma reported net revenues of $1.88 billion, a 4.6% year-over-year increase, surpassing Wall Street expectations of $1.85 billion [5] - The company's comparable brand revenue increased by 4%, and its earnings per share (EPS) rose to $1.96, reflecting a 4.8% year-over-year growth, also exceeding analyst expectations of $1.87 [5] - Despite the positive results, the stock experienced a 3.4% intraday drop on the reporting day due to modest growth [5] Stock Performance - Williams-Sonoma's shares have increased by 42.8% from a 52-week low of $130.07 reached in April, although the stock has declined 5.6% over the past three months [3] - Over the past 52 weeks, the stock has dropped 6.3%, while the Nasdaq Composite index has increased by 12.9% [4] - In the last six months, Williams-Sonoma's stock gained 18.3%, outperforming the Nasdaq Composite's 16.3% increase [4] Competitive Comparison - Compared to Best Buy Co., Inc., which has seen an 18.3% decline over the past 52 weeks but a 3% gain in the last six months, Williams-Sonoma has demonstrated superior performance [6]

Core Insights - Arhaus has opened its largest showroom to date in Old Pasadena, California, covering 38,600 square feet within the historic Penn Oil Building, marking a significant expansion in Southern California [3][4]. Company Expansion - The new Pasadena location is Arhaus' twelfth showroom in California and fifth in the greater Los Angeles area, joining existing locations at The Grove, Topanga, Thousand Oaks, and Del Amo [3]. Design Services - The Pasadena showroom offers complimentary design services, assisting clients with home projects of any scale, supported by a team of seasoned interior designers and design consultants [6]. Community Engagement - In celebration of the showroom opening, Arhaus has partnered with the Altadena Girls organization to furnish their first dedicated space with artisan-crafted pieces, reflecting the company's commitment to community involvement [7]. Company Overview - Founded in 1986, Arhaus is a growing lifestyle brand and omni-channel retailer of premium home furnishings, known for its sustainable sourcing and innovative design, with over 100 showroom locations across the United States [9].

Company Overview - Agree Realty Corporation (ADC) is a retail net lease REIT with an enterprise value of $116 billion as of July 25, 2025[10] - The company owns 2,513 retail properties across all 50 states, totaling approximately 520 million square feet[10] - The company has investment grade issuer ratings of Baa1 from Moody's and BBB+ from S&P[10] Financial Highlights - The company raised 2025 AFFO per share guidance to $429 to $432, representing over 4% growth at the midpoint[13] - The company increased 2025 investment guidance to $14 billion to $16 billion of high-quality retail net lease assets[13] - The company invested $727 million during the first half of the year across 162 high-quality retail net lease assets spanning 27 states[13] - The company issued $400 million of senior unsecured notes due 2035 at an all-in interest rate of 535%[13] - The company has total liquidity of approximately $23 billion, including approximately $13 billion of outstanding forward equity as of June 30th[14] - The company declared a monthly cash dividend of $0256 per common share for July, representing a 24% year-over-year increase[14] Portfolio Composition - Investment grade tenants account for 678% of the portfolio's annualized base rent (ABR)[49] - National tenants comprise 88% of the portfolio's ABR[57] - Grocery stores represent 106% of the portfolio's ABR, amounting to $715 million[50]

Financial Performance - DICK'S Sporting Goods' comparable sales increased by 5.2%[13] - Net sales reached $13.44 billion, a 3.5% increase year-over-year[13] - Non-GAAP gross margin improved to 35.90%, up 89 basis points[13] - Non-GAAP EBT totaled $1.52 billion, an 8.3% increase[13] - Non-GAAP EPS reached $14.05, an 8.8% increase[13] Strategic Initiatives - DICK'S is investing in House of Sport locations, aiming for 75 to 100 stores by the end of FY27[24] - House of Sport locations are expected to generate ~$35 million in Y1 Omni Sales with a ~25% cash on cash return and a payback period of ~2.5 years[31] - DICK'S Field House locations are expected to generate ~$14 million in Y1 Omni Sales with a ~40% cash on cash return and a payback period of less than 4 years[31] Omni-Channel Performance - Omni-channel sales accounted for approximately 30% of FY24 sales, a +600 bps increase since FY19[39] - Omni-channel athletes spend 2x+ more than single-channel athletes[39] - Stores enabled 75% of sales in FY24[41] - Stores fulfilled 70% of online orders in FY24[41] Vertical Brands - Vertical brand sales accounted for 19% of total sales in 2024[63]