Group Performance Summary - Strauss Group's Q2 2025 net sales increased by 11.5% to NIS 3,073 million, and H1 2025 net sales increased by 13.5% to NIS 6,063 million[19] - Q2 2025 EBIT increased by 60.8% to NIS 245 million, and H1 2025 EBIT increased by 19.8% to NIS 426 million[19] - Q2 2025 net income decreased by 1.8% to NIS 80 million, and H1 2025 net income decreased by 36.7% to NIS 153 million[19] Segment Performance - Strauss Israel's Q2 2025 net sales increased by 8.9% to NIS 1,319 million, and H1 2025 net sales increased by 7.7% to NIS 2,715 million[25, 113, 118] - Strauss Coffee International's Q2 2025 net sales increased by 27.4% to NIS 1,536 million, and H1 2025 net sales increased by 35.4% to NIS 2,924 million[34, 136] - Strauss Water's Q2 2025 net sales increased by 3.9% to NIS 218 million, and H1 2025 net sales increased by 5.3% to NIS 424 million[45, 154] Commodities Price Development - Average Robusta price in Q2 2025 increased by 17% compared to Q2 2024, and H1 2025 increased by 39% compared to H1 2024[21] - Average Arabica price in Q2 2025 increased by 65% compared to Q2 2024, and H1 2025 increased by 80% compared to H1 2024[21] - Average Cocoa price in Q2 2025 decreased by 18% compared to Q2 2024, but H1 2025 increased by 10% compared to H1 2024[21]

Overall Financial Performance - The bank's Q3/25 net income was $2,527 million, a 32% increase Y/Y and a 24% increase Q/Q[16] - Revenues increased by 13% Y/Y to $9,486 million[16] - The bank's return on equity was 122%, up 240 bps Y/Y[13] - The CET1 ratio stood at 133%, an improvement of approximately 10 basis points Q/Q[13, 18] Segment Performance - Canadian Banking reported net income of $958 million, a 2% decrease Y/Y[23] - Global Wealth Management's net income increased by 14% Y/Y to $417 million[13, 25] - Global Banking and Markets saw a 29% Y/Y increase in net income, reaching $473 million[13, 26] - International Banking reported net income of $670 million, a 6% increase Y/Y[32] Risk Management - The total ACL ratio was 96 bps, up 1 bp Q/Q[43] - Gross impaired loans increased Q/Q by $41 million[58] - Net write-offs increased Q/Q by $17 million[58] Digital Adoption - Canadian Banking's active digital users increased by 47% Y/Y[84] - International Banking's digital adoption grew by 210 bps Y/Y[87]

Business Performance - Total stores increased by 11.9% from 907 in Q2 2024 to 1,015 in Q2 2025[12] - Registered loyalty club members grew by 22.4% year-over-year, reaching 26.2 million in Q2 2025[12] - Digital orders accounted for 90.4% of revenues from company-owned stores in Q2 2025, a 3.9 percentage point increase year-over-year[12] - The company opened ~150 individual franchise stores across 14 provinces[40] Financial Results - Total revenues decreased by 4.9% from RMB 366.8 million in Q2 2024 to RMB 349.0 million in Q2 2025[12] - Revenues from company-owned stores decreased by 12.5% from RMB 322.3 million in Q2 2024 to RMB 281.9 million in Q2 2025[12] - System sales increased by 1.4% from RMB 403.8 million in Q2 2024 to RMB 409.5 million in Q2 2025[12] - Same-store sales growth for company-owned stores decreased by 10.2 percentage points from -13.8% in Q2 2024 to -3.6% in Q2 2025[12] - Adjusted corporate EBITDA margin decreased by 30bp from 0.9% in Q2 2024 to 0.6% in Q2 2025[10] Strategic Focus - The company focuses on profitable and capital-efficient growth[28]

Q2 2025 Earnings Presentation BW LPG Kristian Sørensen and Samantha Xu 26 August 2025 Disclaimer and forward-looking statements NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR IN TO ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. BY ATTENDING THE MEETING WHERE THIS PRESENTATION IS MADE, OR BY READING THE PRESENTATION SLIDES, YOU ACKNOWLEDGE AND AGREE TO COMPLY WITH THE FOLLOWING RESTRICTIONS. This presentation has been produced by BW LPG Lim ...

Financial Performance - Daqo New Energy recorded quarterly operating and net losses due to continued challenges in the solar PV industry with declining market prices[5] - Revenue decreased to $752 million in Q2 2025, compared to $1239 million in Q1 2025, a decrease of approximately 393%[10] - Gross loss was $814 million in Q2 2025, compared to $815 million in Q1 2025, with gross margin at -1083% and -658% respectively[10] - Net loss attributable to Daqo New Energy Corp shareholders was $765 million in Q2 2025, compared to $718 million in Q1 2025[10] - The company maintained a strong cash balance of $599 million, short-term investments of $419 million, bank notes receivables of $49 million, and fixed term bank deposit balance of $994 million as of June 30, 2025, totaling $206 billion in financial bank deposit and investment assets[5] Operational Highlights - The company operated at a reduced utilization rate of approximately 34% of its nameplate capacity[5] - Total polysilicon production volume for the quarter was 26,012 MT, within the guidance range of 25,000 MT to 28,000 MT[5] - Polysilicon sales volume decreased to 18,126 MT in Q2 2025 from 28,008 MT in Q1 2025[5] - Polysilicon average selling price (ASP) was $419/kg in Q2 2025, compared to $437/kg in Q1 2025[10] - The company expects its total polysilicon production volume in Q3 2025 to be approximately 27,000 MT to 30,000 MT, and full year 2025 production volume to be in the range of 110,000 MT to 130,000 MT[5]

Financial Performance & Backlog - Cadeler's financial performance exceeded expectations, leading to increased full-year guidance in July 2025[9] - The company's contract backlog remains strong at EUR 25 billion[13, 29] - 97% of the contract backlog, totaling EUR 2412 million, relates to projects with a positive final investment decision (FID)[36] - Revenue increased by EUR 170 million in Q2 2025 compared to Q2 2024, with utilization at 76% and adjusted utilization at 94%[46] - Revenue increased by EUR 216 million in H1 2025 compared to H1 2024, with utilization at 67% and adjusted utilization at 89%[50] Fleet & Operations - Cadeler took delivery of the Wind Keeper, securing a long-term contract with Vestas for three years, with options for an additional two and a half years, potentially worth over EUR 380 million[10, 35] - Seven vessels are currently on hire globally, including two in Taiwan and two in North America[11] - Cadeler has secured EUR 2058 million in funding for its CAPEX program, including Wind Keeper, with EUR 1225 million drawn as of June 30, 2025, leaving EUR 833 million undrawn[57] Market Outlook & Strategy - The company anticipates an undersupply of capable vessels from 2029 onwards, driven by increasing market demand, including strong growth in demand for O&M[101] - Cadeler is building up Nexra, a new service concept for the offshore wind industry, to address the strong and increasing demand for O&M services, especially for larger turbines[12, 95]

Financial Performance - Q2 2025 revenue was $155.6 million, a decrease of 10% year-over-year[17] - Q2 2025 gross profit was $16.8 million, with a gross margin of 11%[18] - Q2 2025 operating expenses decreased by 20% to $57.2 million[18] - The net loss for Q2 2025 was $45.4 million[92] - Adjusted EBITDA for Q2 2025 was $(29.7) million[97] Products and Operations - Antora®shipment increased 112%[17] - The company serves 18 OEMs across 28 vehicle brands as of June 30, 2025[18] - Product in Vehicles 9.3mn+[17] Reporting Change - The company changed its reporting currency from Chinese Renminbi ("RMB") to U.S Dollars ("USD")[7]

Financial Performance - BMO's Q3'25 reported EPS was $3.14, up 22% Y/Y, and adjusted EPS was $3.23, up 14% Y/Y[9] - YTD'25 PPPT2 reached $11.4 billion, a 19% increase Y/Y[9] - The reported Return on Equity (ROE) for Q3'25 was 11.6%, while the adjusted ROE was 12.0%[10] - Adjusted net income increased by 21%, excluding $69 million amortization of acquisition-related intangible assets[32] Business Segment Performance - Canadian Personal & Commercial Banking revenue increased by 7% YTD and 2% in Q3'25, reaching $6.6 billion[13] - U S Personal & Commercial Banking revenue increased by 3% YTD and 4% in Q3'25, reaching US$5.5 billion[15] - BMO Wealth Management revenue increased by 13% YTD, reaching $4.7 billion[17] - BMO Capital Markets revenue increased by 7% YTD, reaching $5.6 billion[19] Digital Strategy - Active digital users in retail banking increased by 5% to 4,863,000 in Q3'25[23] - Active digital users in commercial banking increased by 9% to 350,000 in Q3'25[26] Risk Management - Q3'25 PCL ratio on impaired loans was 45 bps, down 1bp Q/Q[82] - Allowance on performing loans stood at 70 bps[88]

Business Performance - 2Q25 RevPAR was 95.7% of 2024's level for the same period[11] - 2Q25 Same-Hotel RevPAR was 94.4% of 2024's level for the same period[14] - The number of new hotel openings in 2Q25 was 118[18] - The number of hotels in operation reached 1,824 as of June 30, 2025[19] - The number of hotels in the pipeline reached 816 as of June 30, 2025[19] Retail Business - Retail GMV increased by 84.6% from RMB 620 million in 2Q24 to RMB 1,144 million in 2Q25[43] - 618 Shopping Festival GMV increased by 86.1% from RMB 310 million in 2024 to RMB 578 million in 2025[43] - The company ranked No 1 in sales in the pillow category on major third-party platforms[47] Membership - The number of registered individual members increased by 34.7% from 76.2 million in 2Q24 to 102.6 million in 2Q25[55] - Core CRS channel accounted for 61.5% of total room-nights sold[57] - Corporate members' contribution accounted for 20.0% of total room nights sold[57] Financial Performance - Net revenues increased by 37.4% YoY from RMB 1,797,047 thousand in 2Q24 to RMB 2,468,549 thousand in 2Q25[66] - Adjusted net income increased by 30.2% from RMB 328 million in 2Q24 to RMB 427 million in 2Q25[79] - Adjusted EBITDA increased by 37.7% from RMB 443 million in 2Q24 to RMB 610 million in 2Q25[82] Outlook - The company expects a total net revenues growth rate of 30% YoY for full year 2025[87]

2025 Half-Year Report Lars Boilesen, CEO Heine Thorsgaard, CFO August 26, 2025 © NAPATECH 2025 Q&A Session Following the presentation DK: +45 89 87 50 45 UK: +44 20 3936 2999 US: +1 646 233 4753 All other locations: +44 20 3936 2999 Access Code: 120993 To ask a question, press *1 on your telephone keypad. To withdraw your question, press *2 Texted questions can be submitted using the button on the website 2 Safe Harbor Statement This presentation has been prepared by Napatech A/S solely for information purp ...