Q2 2025 Performance - Net sales decreased by 1.2% organically, aligning with expectations, with large project timing headwinds in Metals & Mining and temporary rare earth magnet availability issues, offset by strength in Residential & Commercial HVAC and Aerospace[10] - Daily orders were down 2.5% year-over-year, but flat when factoring in a $35 million data center order in AMC received early in July[10] - Adjusted gross margin was 38.2%, impacted by temporary rare earth magnet availability[10] - Adjusted EBITDA margin was 22.0%, including $17 million in synergies[10] - Adjusted EPS increased by 8.3% to $2.48[10] - Adjusted free cash flow was $493 million, with $469.8 million used to pay down gross debt and $368.5 million contributed by a new receivables securitization program[10] Segment Performance - Automation & Motion Control (AMC) net sales decreased by 2.6%, with organic sales down 3.4%, driven by Medical, Data Center project timing, and rare earth magnet availability, partially offset by Aerospace[21] - Industrial Powertrain Solutions (IPS) net sales decreased by 3.8%, with organic sales down 4.4%, primarily due to Metals & Mining[25] - Power and Efficiency Solutions (PES) net sales increased by 5.9%, with organic sales up 6.5%, driven by R-HVAC and C-HVAC[29] Debt and Leverage - The company closed on a $400 million accounts receivable securitization facility maturing in 2026, with initial proceeds of $368.5 million used to repay bank debt[31] - The securitization facility is expected to provide ~$4 million in net annualized interest savings and improve debt to equity and leverage ratios[31] - Net debt at the end of Q2 2025 was $4.5347 billion[46] - Leverage ratio (Net Debt to Adjusted EBITDA including synergies) decreased to 3.34[30] 2025 Guidance - Sales guidance is rising to ~$5.95 billion due to FX and tariff pricing impacts[32] - Organic growth is expected to be approximately flat to low single digits[32] - Adjusted EBITDA margin guidance is down ~50bps to ~22.5% due to larger FX headwinds, tariffs, and lower AMC margins (rare earth magnet costs, latest mix impacts)[34] - Adjusted EPS guidance is reaffirmed at ~$10.00, with a narrowed range of $9.70-$10.30[32]

Q2 2025 Financial Highlights - Earned 19,700 gold equivalent ounces (GEOs) compared to 20,068 GEOs in Q2 2024[12] - Revenues reached $60.4 million with a quarterly cash margin of 95.8%, compared to $47.4 million and 96.6% in Q2 2024[12] - Declared a Q3 2025 quarterly dividend of $0.055 per common share[12] - Held a cash balance of $49.6 million and a net cash position of approximately $14.0 million as of June 30, 2025[12] - Acquired a 100% silver stream on Orla Mining's South Railroad project for a total consideration of $13 million[14] Production and Guidance - Precious metals focus with 94.3% of H1 2025 GEOs from precious metals[20] - 68% of Q2 2025 GEOs were from gold, 24.2% from silver, and 7.4% from copper & others[18] - Still tracking well against 2025 GEO delivery guidance of 80,000-88,000 GEOs, with a slightly stronger H2 expected compared to H1 2025[14] Key Assets and Developments - Canadian Malartic Complex production guidance is for 590,000 ounces of gold in 2025, 560,000 ounces in 2026, and 650,000 ounces in 2027[29] - Island Gold's updated Mineral Reserve in June 2025 was 11.8 million tonnes grading 10.85 g/t Au (4.1 million ounces), up 80% from the end of 2024[39] - Dalgaranga: An early buyback notice received in late July 2025, reducing the GRR rate on Dalgaranga from 1.8% to 1.44%, and reducing the GRR rate on Benz Mining Corp's Glenburgh and Mt Egerton projects from 1.35% to 1.08%[43] Future Growth and Financial Flexibility - 2029 outlook represents approximately 40% GEO growth over 2025 estimates, with no contingent capital required[48] - Available credit of $814 million, including a $200 million accordion[58]

Voya Financial Second Quarter 2025 Call August 6, 2025 Information contained herein is proprietary, confidential and non-public and is not for public release. Forward-Looking and Other Cautionary Statements This presentation and the remarks made orally contain forward-looking statements. The company does not assume any obligation to revise or update these statements to reflect new information, subsequent events or changes in strategy. Forward-looking statements include statements relating to future developm ...

2 2Q25 Earnings Conference Call August 6, 2025 Update on our strategy & trading businesses ❖Chris Concannon, CEO 2Q25 highlights¹ | | • | 11% increase in revenue to record $219 million; 10% growth excluding FX2 | | --- | --- | --- | | FINANCIAL | • | 12% increase in commissions revenue to record $192 million | | PERFORMANCE | • | 11% increase in earnings per share to $1.91; $2.00 per share, or 16% increase, excluding notable items3 | | | • $360 | million in TTM free cash flow4 generation | | | • • 22% | 43% ...

Financial Performance - Total revenue for 2Q25 was $1645 million, an increase of 11.9% year-over-year[14, 18] - Adjusted EBITDA for 2Q25 was $170 million, a 38.9% increase year-over-year[14, 18] - Adjusted EBITDA margin for 2Q25 was 10.3%, a 200 bps expansion[14, 18] - For the first half of 2025, total revenue reached $3143 million, reflecting an 8.0% year-over-year growth[14] - Adjusted EBITDA for YTD 2Q25 was $268 million, up 22.9% year-over-year[14] - Adjusted EBITDA margin for YTD 2Q25 was 8.5%, a 100 bps increase[14] Operating Metrics - Admissions increased by 6.6% year-over-year in 2Q25[14, 26] - Adjusted admissions increased by 1.6% year-over-year in 2Q25 and 2.2% year-to-date[14, 16, 22] - Net patient service revenue per adjusted admission increased by 10.2% year-over-year[14, 25, 27] Payor Mix - Managed Care accounted for 44.7% of Net Patient Service Revenue in 2Q25, an increase of 80 bps year-over-year[29, 30] - Medicare accounted for 40.0% of Net Patient Service Revenue in 2Q25[29, 32] - Medicaid accounted for 10.7% of Net Patient Service Revenue in 2Q25[29, 33]

Financial Performance - The company achieved a strong second quarter with net income of $23 million, or $0.87 per share, and adjusted operating income per share of $0.90[7] - Year-to-date Return on Equity (ROE) improved to 10%[7] - Net investment income increased 20% due to improved fixed maturity income[7] - Book value per share increased to $33.18, and adjusted book value per share increased to $34.93[7] Premium and Underwriting - Net written premium grew 14% to a record $373 million[7, 13] - The combined ratio was 96.4%, the best second quarter result in more than 10 years[7] - The underwriting expense ratio improved to a more normalized level of 34.9%[13] - Q2 catastrophe loss ratio of 5.5% outperformed historical averages and the quarterly plan of 8.9%[13] Portfolio and Investment - Invested assets totaled $2.2 billion, with 89% in fixed income securities[20] - Fixed maturity income increased 34% to $21 million due to portfolio management and reinvestment at higher yields[21, 24] - New purchase yield remained strong at 5.4%, supporting future shareholder returns[24]

2025 Second Quarter Results August 6, 2025 NYSE/TSX:SII Forward-looking Statements Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and simil ...

Company Overview - Par Pacific is a growing energy company focused on renewable and conventional fuels in the western United States[10] - The company has an integrated logistics network with 13 million barrels (MMbbls) of storage and marine, rail, and pipeline assets[10] - The company's system-wide refining capacity is 219,000 barrels per day (bpd)[10] - Par Pacific has 119 fuel retail locations in Hawaii and the Pacific Northwest[10] - The company holds a 46% ownership interest in Laramie Energy, a natural gas E&P company[10] - As of December 31, 2024, Par Pacific had approximately $1 billion in federal tax attributes[10] Refining Segment - Par Pacific's system-wide distillate & LSFO yield is 52%[22] - The company has a 21% system-wide exposure to Western Canadian Select (WCS) heavy crude[22] - Hawaii refinery crude capacity is 94,000 bpd, Montana is 63,000 bpd, Washington is 42,000 bpd, and Wyoming is 20,000 bpd[19] Retail and Logistics Segments - The Retail and Logistics segments are showing growing Adjusted EBITDA contribution through various market cycles[38] - The Trending Retail & Logistics Adjusted EBITDA for the Last Twelve Months (LTM) ending June 30, 2025, was $211 million[40] - The company is targeting gross term debt of 3-4x Retail and Logistics annual Adjusted EBITDA[41] Capital Expenditure and Turnaround - The company's 2024 actual capital expenditures were $209 million[44] - The company's 2025 capital expenditure guidance is $210-240 million[43] - The company expects a normalized annual turnaround outlay of $8-9 million for Hawaii, $7-8 million for Washington, $4-5 million for Wyoming, and $18-22 million for Montana[44] Hawaii Renewables Project - Par Pacific is executing a project in Hawaii to produce 61 million gallons per year capacity for renewable fuels, including Renewable Diesel (RD) and Sustainable Aviation Fuel (SAF)[51] - Mitsubishi and ENEOS will contribute $100 million to Hawaii Renewables through Alohi Renewable Energy for a 36.5% equity interest[51] Financial Position - As of June 30, 2025, the company's term debt was $641 million[99]

Company Overview - Orion Energy Systems focuses on helping customers achieve sustainability, energy savings, and carbon footprint reduction goals through innovative technology and service[7] - The company operates in lighting (retrofit), EV charging, and maintenance segments, targeting industrial, commercial, retail, automotive, and public sector vertical markets[16] - Orion offers turnkey solutions, product sales, maintenance services, and EV charging installations as revenue streams[16] Macro Environment & Business Units - Macro factors influencing Orion's business include energy prices, climate/ESG concerns, EV infrastructure development, regulatory landscape (BAA/BABA compliance), and LED penetration rates[19, 20, 21] - Orion's business units include Lighting (focused on commercial & industrial retrofit), Maintenance (lighting and electrical services with 3-year recurring revenue contracts), and EV Charging Systems (turnkey installation with recurring revenue)[23] Lighting Solutions & Case Study - Orion's lighting solutions offer substantial energy cost reduction with an average payback of 1-4 years[26] - A case study at CLARIOS's 100,000 sq ft facility in Florence, KY, involved installing 800 fixtures, resulting in 814,084 kWh annual energy reduction, $54,869 annual energy cost reduction, and 218 tons annual carbon dioxide reduction[33, 36] - The company emphasizes BAA & BABA compliant products, ensuring domestic materials and American labor for federal and state/municipal/school projects[37, 38, 39] EV Charging & Market Opportunity - Orion acquired Voltrek in October 2022, a premier reseller of EV charging stations, managing over 4,000 charging ports[62] - The US needs approximately 28 million EV charging ports by 2030 to support an estimated 33 million electric vehicles[73] - A fleet project example includes a $400,000 Voltrek turnkey installation of 6 DC ChargePoint Fast Charger Stations for Haverhill High School's EV Transit Vans[77, 79] Financial Performance - In Q1 FY26, revenue was $19.6 million, and the gross margin was 30.1%[89, 91] - The company's liquidity in Q1 FY26 was $14 million, with a working capital of $17.4 million[91] - Adjusted EBITDA for Q1 FY26 was $0.206 million[94]

Financial Performance - TGS's revenue for Q2 2025 was Ar$163,878 million[26], with an EBITDA of Ar$85,662 million[26] - Natural Gas Transportation revenue reached Ar$145,615 million[30], while EBITDA was Ar$52,631 million[30] - Liquids revenue amounted to Ar$59,772 million[35], with an EBITDA of Ar$25,355 million[34] - Midstream and Other Services generated revenue of Ar$76,320 million[39], and an EBITDA of Ar$51,929 million[39] - Net financial results showed a loss of Ar$59,400 million in Q2 2025 compared to a gain of Ar$17,260 million in Q2 2024, representing a variation of Ar$(76,660) million[40] Key Events and Developments - The company was granted a 20-year license extension (2027-2047) by the National Executive Power[17] - A dividend payment of Ar$200 billion was approved by the Board of Directors[20] - The Perito Moreno pipeline (PMP) is undergoing a 14MMm3/d capacity expansion[12] - TGS was the only bidder in a call tender by ENARSA for a 90,000 HP compression capacity expansion, expected to be commissioned by April 2027[19]