Investor Presentation Q3 2025 Results NASDAQ: WPRT / TSX: WPRT Speaking Today... November 11, 2025 Westport Fuel Systems Disclaimer and Forward-Looking Statements This presentation contains forward-looking statements that are based on the beliefs of management and reflects our current expectations as contemplated under the safe harbor provisions of Section 21E of the United States Securities Act of 1934, as amended. Such forward-looking statements include, but are not limited to, future strategic initiative ...

Financial Data and Key Metrics Changes - For Q3 2025, the company reported a net loss of $6.1 million, compared to a loss of $4.8 million in Q3 2024, indicating an increase in losses year-over-year [13] - General and administrative expenses increased by $0.3 million, primarily due to higher employee-related expenses as the company expands its team [13] - Share-based compensation expense rose by $0.9 million, reflecting a focus on aligning employee compensation with share performance [13] Business Line Data and Key Metrics Changes - The Southwest Arkansas (SWA) project is expected to have an initial production capacity of 22,500 tons per annum of battery-quality lithium carbonate, with a total of 447,000 tons of lithium carbonate equivalent (LCE) over a 20-year operating life [3][4] - The DFS for the SWA project shows a 20.2% unlevered pre-tax internal rate of return (IRR) and competitive average operating costs of about $4,500 per ton [4] - The Franklin project in East Texas has an inferred resource report indicating 2.2 million tons of LCE at an average grade of 668 milligrams per liter, marking a significant resource position [5] Market Data and Key Metrics Changes - The company closed an underwritten public offering of 29.9 million common shares at $4.35 per share, generating gross proceeds of approximately $130 million, indicating strong institutional support [6] - The cash position at the end of Q3 was $32.1 million, which does not include the proceeds from the recent offering [15][16] Company Strategy and Development Direction - The company aims to reach production of over 100,000 tons of lithium chemicals per year in Texas through multiple projects, emphasizing its growth beyond a single project [5] - The company is focused on securing project financing and customer offtake agreements, with a target of approximately $1 billion in debt financing for the SWA project [12][17] - The leadership team was expanded with the appointment of Michael Lutgren as General Counsel, enhancing the company's capabilities [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the project's progress and the importance of achieving key milestones before the final investment decision (FID) [10][19] - The company is optimistic about the domestic lithium supply chain development, as highlighted by the Arkansas Lithium Innovation Summit [18] - Management expects to provide updates on project financing and vendor selection in the coming months, with construction targeted to start shortly after FID in early 2026 [19] Other Important Information - The company received unanimous approval for its integration application from the Arkansas Oil and Gas Commission, a critical step for the SWA project [10] - The company is working closely with the DOE on an environmental assessment required for a $225 million grant [11] Q&A Session Summary Question: How does the $40 million FID payment structure work? - The payment is triggered as soon as the JV board decides to take FID for the SWA or East Texas projects, with Equinor owing Standard Lithium $40 million upon FID approval [24] Question: If FID is made and later changes, does the company still receive the $40 million? - Yes, the company would still receive the $40 million upfront as long as FID is taken, although it is unlikely the company would back out after making the decision [25]

Nebius Group (NasdaqGS:NBIS) Q3 2025 Earnings Call November 11, 2025 08:00 AM ET Speaker5Thank you, and welcome to Nebius Group's Third Quarter 2025 Earnings Conference call. I'm Neil Doshi, Vice President of Investor Relations. Joining me today are Arkady Volozh, Founder and CEO, and our broader management team. Our remarks today will include forward-looking statements, which are based on assumptions as of today. Actual results may differ materially as a result of various factors, including those set forth ...

Innovation Series: R&D Day 2025 Introductory Remarks 1 Douglas Maffei, PhD, Vice President, Strategy and Investor Relations This Slide Presentation Includes Forward-Looking Statements November 11th, 2025 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements concerning: BioNTech's expected revenues and net profit/(loss) related to sales of BioNTech's COVID-19 vaccine, referred to ...

ON THE LEADING EDGE OF HEALTHCARE: Advancing Imaging through Innovation & Technology Forward-Looking Statements This presentation contains certain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by words such as: "anticipate," "believe," "could," "esti ...

SABESP (NYSE:SBS) Q3 2025 Earnings Call November 11, 2025 08:00 AM ET Speaker0Good morning, and welcome to Sabespi Third Quarter of twenty twenty five Earnings Presentation. With us here today are Carlos Piani, CEO Daniel Slach, CFO and Thiago Levy, Investor Relations. Before we begin, we clarify that the statements made during this presentation will not include projections or estimates of future events. However, they may contain forward looking statements indicating potential trends related to Sabesp based ...

Baird 2025 Global Industrial Conference November 11, 2025 Forward Looking Statements & Non-GAAP Financial Measures Certain statements included in this presentation and the oral remarks made in connection herewith are "forward-looking statements" within the meaning of the U.S. federal securities laws. All statements other than historical factual information are forward-looking statements, including, without limitation, statements regarding: anticipated financial results, outlook or guidance, assumptions unde ...

Sea (NYSE:SE) Q3 2025 Earnings Call November 11, 2025 07:30 AM ET Company ParticipantsForrest Li - Chairman and CEOChris Wang - PresidentTony Hou - CFOYang Xiao - Senior Software EngineerRebecca Lee - Head of Investor RelationsPiyush Choudhary - DirectorConference Call ParticipantsPang Vit - AnalystAlicia Yap - AnalystDivya Kothiyal - AnalystOperatorGood morning and good evening to all and welcome to the Sea Limited Third Quarter 2025 Results Conference Call. All lines have been placed on mute to prevent an ...

Sea (NYSE:SE) Q3 2025 Earnings Call November 11, 2025 07:30 AM ET Company ParticipantsForrest Li - Chairman and CEOTony Hou - CFOYang Xiao - Senior Software EngineerRebecca Lee - Head of Investor RelationsPiyush Choudhary - DirectorNone - Company RepresentativeConference Call ParticipantsPang Vit - AnalystAlicia Yap - AnalystDivya Kothiyal - AnalystOperatorGood morning and good evening to all and welcome to the Sea Limited Third Quarter 2025 Results Conference Call. All lines have been placed on mute to pre ...

Financial Data and Key Metrics Changes - Total revenue reached $6 billion, representing a 38% year-on-year growth, while adjusted EBITDA grew by 68% to $874 million [4][33] - Shopee's GMV increased by over 28% year-on-year, with gross orders rising by 28% to $3.6 billion [4][33] - Digital financial services revenue grew by 61% year-on-year to $990 million, with adjusted EBITDA increasing by 37% to $258 million [20][34] - Digital entertainment bookings rose by 51% year-on-year to $841 million, with adjusted EBITDA up 48% to $466 million [27][37] Business Line Data and Key Metrics Changes - E-commerce: Shopee achieved record highs in GMV, gross order volume, and revenue, with a significant increase in ad revenue by over 70% [5][34] - Digital Financial Services: The loan book expanded by 70% year-on-year to $7.9 billion, with a stable 90-day NPL ratio at 1.1% [21][36] - Digital Entertainment: Garena's performance was bolstered by successful campaigns, leading to a 51% increase in bookings [27][37] Market Data and Key Metrics Changes - In Brazil, Shopee's GMV growth outpaced the market, with delivery speed improving significantly, allowing for expansion into higher-value product categories [19][20] - In Taiwan, Shopee's GMV showed double-digit growth year-on-year, with a strong logistics network enhancing delivery capabilities [10][17] Company Strategy and Development Direction - The company aims to enhance logistics and fulfillment capabilities as core pillars of its strategy, focusing on improving service quality and price competitiveness [6][11] - Continued investment in AI to enhance consumer retail experiences and improve monetization through smarter search and personalized content [15][16] - The Shopee VIP membership program has gained traction, with a 75% increase in members, indicating strong user engagement [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining profitable growth across all business lines, with expectations for Shopee's full-year GMV growth to exceed 25% [20][32] - The competitive landscape remains stable, with the company gaining market share in Southeast Asia and Taiwan [53][54] - Future investments will focus on logistics and fulfillment to strengthen competitive advantages without significant capital expenditure [62][64] Other Important Information - The company is exploring opportunities in Argentina while winding down operations in Chile and Colombia to focus resources on key priorities [52] - The standalone ShopeePay app is gaining traction, with over 20% of monthly transacting users utilizing it [25] Q&A Session Summary Question: Growth guidance for 2025 and margin trends - Management indicated that the growth guidance reflects current market momentum and competitive landscape, with expectations for a 2-3% EBITDA margin improvement over time [41][42] Question: New market entry strategy and market shares - The rationale for closing cross-border operations in some regions was to focus on key business priorities, with confidence in gaining market share in ASEAN and Taiwan [46][53] Question: Competitive landscape in Southeast Asia - Management noted a stable competitive landscape, with no significant changes in market dynamics impacting growth [56][60] Question: Logistics fulfillment and Garena's outlook - More than half of orders are fulfilled by SPX, with continuous improvements in delivery speed and cost contributing to growth [67][68] - Garena remains optimistic about Free Fire's growth, with plans for new IP collaborations and game launches [71][76] Question: VIP membership unit economics and AI investments - The VIP program is in early stages, with strong growth in user sign-ups and retention rates being closely monitored [80][81] - AI investments will focus on practical applications to enhance user experience and operational efficiency, avoiding large capital expenditures [89][90]