INVESTOR DAY 2025 BILL MARSHALL Senior Vice President, Investor Relations 1 Welcome & Introduction | Bill Marshall | SVP, Investor Relations AGENDA 2 Strategic Roadmap to Success | George Holm | Chairman & CEO 3 Strategy and M&A | Liz Mountjoy | SVP, Strategy & M&A 4 Differentiated Value Proposition| Scott McPherson | President & COO 5 People & Culture | Erika Davis | EVP & CHRO 6 Operational Excellence | Scott McPherson | President & COO 7 Financial Overview | Patrick Hatcher | EVP & CFO 8 Q&A Session Feed ...

Core Viewpoint - Team, Inc. reported mixed results for Q1 2025, with strong performance in the Inspection and Heat Treating (IHT) segment offset by weakness in the Mechanical Services (MS) segment, while the company is optimistic about future growth driven by strategic initiatives and operational improvements [13]. Financial Performance - Total revenues for Q1 2025 were $198.7 million, slightly down from $199.6 million in the same quarter of 2024 [2]. - The net loss widened to $29.7 million, or $6.61 per share, compared to a loss of $17.2 million, or $3.89 per share, in Q1 2024 [2]. - Adjusted EBITDA decreased to $5.3 million from $6.5 million year-over-year, with the margin narrowing to 2.7% from 3.3% [2]. Segment Performance - The IHT segment saw revenues rise by 6.8% year-over-year to $106.2 million, driven by an 8.8% increase in U.S. operations and a 39% improvement in adjusted EBITDA [3]. - The MS segment experienced a 7.7% revenue decline to $92.4 million, resulting in an operating loss of $1.1 million, down from an income of $4.1 million in the prior year [4]. Cost Management - The company-wide gross margin decreased to 23.8% from 24.4%, while SG&A expenses fell by 3.4% to $53.3 million, indicating modest operational efficiencies [5]. - Management initiated a cost optimization initiative targeting annualized savings of at least $10 million [9]. Management Insights - CEO Keith Tucker noted that Q1 results were impacted by seasonality and severe winter weather, but expressed confidence in robust activity levels for Q2 and full-year growth expectations [6]. - CFO Nelson Haight highlighted consistent execution and improving performance as key factors in the recent refinancing deal, with expectations for continued annual improvement in adjusted EBITDA [7]. Strategic Initiatives - The company completed a refinancing in March 2025, extending loan maturities to 2030 and lowering the blended interest rate by over 100 basis points, which improved financial flexibility [12]. - Management reaffirmed its commitment to achieving at least 15% growth in adjusted EBITDA for the full year, supported by margin improvements and steady revenue gains [10][11].

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $5.3 million for the first quarter of 2025, with a gross margin of 23% [12][13] - Adjusted net loss for the quarter was $14.9 million, which was essentially flat compared to the first quarter of 2024 [12][13] - Selling, general, and administrative expenses decreased by approximately $2 million year over year [7] Business Line Data and Key Metrics Changes - Revenue from the Inspection and Heat Treating segment increased by 6.8% year over year, with core operations growing by 8.8% [6] - The Mechanical Service segment experienced lower callout revenue and project delays, impacting overall revenue growth [6] - Overall revenues were flat year over year, affected by seasonal factors and adverse weather conditions in January [6] Market Data and Key Metrics Changes - The company achieved nearly 15% revenue growth in midstream end markets during the quarter [5] - The company expects to see year-over-year activity increases for the full year 2025, despite seasonal slowdowns [6][9] Company Strategy and Development Direction - The company is focused on simplifying its business, expanding margins, and improving its capital structure [4] - A refinancing transaction was completed in March 2025, lowering the blended interest rate by over 100 basis points and extending loan maturities to 2030 [11] - The company aims for at least 15% year-over-year growth in adjusted EBITDA and to achieve a target margin of at least 10% [15] Management's Comments on Operating Environment and Future Outlook - Management remains confident about future growth, citing strong activity levels at the start of the second quarter [9] - The company is closely monitoring potential impacts from tariff policies but believes its diversified service offerings will help navigate macroeconomic uncertainties [9] - Continuous improvement in margin, cost discipline, and cash flow generation are key focuses for the management team [16] Other Important Information - The company has initiated actions targeting annualized cost savings of around $10 million [8] - The management emphasizes the importance of safety culture and continuous improvement as vital to the company's success [16] Q&A Session Summary - No specific questions or answers were documented in the provided content.

CLARUS Q1 EARNINGS PRESENTATION MAY 8, 2025 6 February 2023 TODAY'S PRESENTERS CLARUS Warren Kanders EXECUTIVE CHAIRMAN Clarus Strong balance sheet/prudent capital allocation Mike Yates CFO Clarus Neil Fiske PRESIDENT Black Diamond Equipment STRATEGIC PRIORITIES: Q1 HIGHLIGHTS IHLAR Positioned for long-term sustainable growth Black Diamond objective: Simplify and focus on the core Adventure objective: Invest to scale Strategic roadmap continues to guide execution Steady progress on key initiatives with over ...