Company Overview - Summit Midstream Corporation (SMC) operates across six resource plays in the U S, focusing on natural gas, crude oil, and produced water gathering, processing, and transmission[12] - The company boasts a diversified asset portfolio with key positions in crude oil- and natural gas-oriented basins[48] - SMC's strategy includes maximizing free cash flow, improving base business well connections, commercializing the Double E Pipeline, and executing strategic acquisitions and divestitures[19] Financial Highlights and Strategy - SMC aims for a long-term leverage target of 3 5x through continued EBITDA generation and debt repayment[10] - The company expects 2025 Adjusted EBITDA to be in the range of $245 million to $280 million[33] - SMC refinanced its capital structure in July 2024, issuing $575 million in Second Lien Secured Notes and upsizing its ABL Credit Facility to $500 million, extending maturities until 2029[19] Operational Performance and Capacity - In Q2 2025, SMC reported a total volume of 1 4 Bcfe/d, with 66% being natural gas[13] - The company has a total AMI of 5 7 million acres and operates 2,751 pipeline miles with a capacity of 4 6 Bcfe/d[13] - The Permian segment has a capacity of 1 50 Bcf/d with approximately 74% utilization[33] Double E Pipeline - Double E Pipeline has existing contracts representing MVC quantities with firm transportation service agreements[55] - The Double E pipeline is estimated to generate approximately $40 million in EBITDA with existing contracts[52] - The company has executed 215 MMcf/d of incremental 10-year take-or-pay contracts since 2024 for the Double E Pipeline[19, 60]

Company Overview - Eagle Point Credit Company (ECC) was founded in 2012 and went public on October 7, 2014[14] - ECC's primary investment objective is to generate high current income by investing primarily in equity and junior debt tranches of CLOs[14] - ECC has a total market capitalization of $1,409.3 million[14] - ECC pays a monthly distribution of $0.14 per share of common stock, resulting in a distribution rate of 24.4%[14] - Eagle Point Credit Management LLC manages over $12 billion in AUM across the Eagle Point platform[14] - The Adviser and Senior Investment Team have approximately $10.8 million invested in securities issued by the Company[15] Portfolio Composition and Performance - As of June 30, 2025, ECC's portfolio was invested across 238 CLO investments[65] - The portfolio has 95.7% exposure to floating-rate senior secured loans[28] - The portfolio consists of 77% CLO Equity, 3% CLO Debt, 2% Loan Accumulation Facilities, 4% Regulatory Capital Relief, 5% Consumer ABS, 2% Collateralized Fund Obligations, 2% Other, and 5% Cash[66] - The portfolio has exposure to 1,906 unique underlying loan obligors[28]

Financial Performance Highlights - IFS's quarterly net profit in 2Q25 reached S/ 579.6 million, a 29.9% increase QoQ [207] - IFS achieved a ROE of 20.7% in 2Q25 [34] - Banking sector ROE was 11.1% in 2Q25 [35] - Wealth Management saw a significant ROE increase to 43.9% in 2Q25, approximately 20x YoY [35] - Insurance sector ROE was 58.3% in 2Q25 [35] Business Trends and Growth - System loan book as of June 2025 showed a QoQ increase of 3.1% and a YoY increase of 1.7% [31] - Total commercial loans increased by 4.1% QoQ and 9.8% YoY [202] - Total retail loans increased by 1.1% QoQ and 1.2% YoY [202] - Total deposits increased by 2.7% QoQ and 7.4% YoY, reaching S/ 52,036.0 million [204] Key Ratios and Indicators - IFS's cost-to-income (C/I) ratio was 35.9% in 2Q25 [45] - Banking sector's C/I ratio was 42.3% in 2Q25 [49] - Banking sector's NIM was 5.1% [136] - The cost of risk for the banking sector is at 2.5% [139]

Strategic Partnership & Acquisition - IHCL will acquire a 51% stake in ANK Hotels Pvt Ltd and Pride Hospitality Pvt Ltd[9] - This acquisition will double IHCL's presence in the midscale segment to over 240 hotels[9] - IHCL has also entered into a distribution & marketing agreement with BRIJ Hospitality, which has a portfolio of 19 hotels[43] Portfolio Growth & Expansion - ANK & Pride have a combined portfolio of 135 hotels with 6,800 keys across 100+ locations[8, 25] - The implied Compound Annual Growth Rate (CAGR) for hotels is 20%+ and for keys is 31%+[26] - IHCL aims to reach a portfolio of 700+ hotels by 2030[11, 44] Financial Projections & Synergies - The target companies project total revenue to scale to ₹100 Cr by FY30, with a 5-year CAGR of 25%[32] - EBITDAR margin is projected to reach 38% by FY28 and FY30[32] - IHCL anticipates an incremental fee of ₹15 Cr by FY30 from the acquired portfolio[32]

Financial Performance - Q2 2025 revenue was $12.5 million, compared to $14.1 million in Q2 2024[16,18] - Cespira generated $12.0 million in revenue in Q2 2025[16,18] - Gross profit was $0.8 million (6% of revenue) in Q2 2025, compared to $2.4 million (17% of revenue) in Q2 2024[18] - Adjusted EBITDA was negative $1.0 million in Q2 2025, compared to negative $2.0 million in Q2 2024[18] - Net loss from continuing operations was $5.1 million in Q2 2025, compared to net income of $4.1 million in Q2 2024[18] Light-Duty Segment Divestiture - The divestiture of the Light-Duty segment closed on July 29, 2025, providing $62.5 million in net proceeds[18] - Light-Duty segment revenue in Q2 2025 was $76.4 million, with a gross profit of $15.1 million[18] High-Pressure Controls & Systems - Revenue decreased by 19% from $3.6 million in Q2 2024 to $2.9 million in Q2 2025[33] - Gross profit decreased by 91% from $1.1 million in Q2 2024 to $0.1 million in Q2 2025[33] Heavy-Duty OEM - Revenue decreased by 9% from $10.5 million in Q2 2024 to $9.6 million in Q2 2025[36] - Gross profit decreased by 46% from $1.3 million in Q2 2024 to $0.7 million in Q2 2025[36] Cespira - Revenue increased from $4.1 million in Q2 2024 to $12.0 million in Q2 2025[39] - Gross profit decreased from $0.2 million in Q2 2024 to negative $1.9 million in Q2 2025[39]

Company Overview - BKV is the largest natural gas producer in the Barnett Shale, with a corporate 1-year decline rate of 10.8%[10] - BKV has 1,500 MW of low heat rate power assets in Texas[10] - BKV's 2Q25 production was above high end of guidance at 811 MMcfe/d[34] Bedrock Acquisition - BKV announced the Bedrock acquisition for $370 million, targeting close in 4Q25[22, 29] - The Bedrock acquisition includes ~97,000 net acres and 1,121 gross operated wells[29] - Bedrock's 2Q25 production is ~108 MMcfe/d (~63% natural gas) with a low PDP decline of ~7% YOY[29] - Bedrock has nearly 1 Tcfe of 1P reserves (>70% PDP reserves)[29] Capital Expenditure and Production - Forecasted 2025 capital expenditures are between $290 million and $350 million[17] - BKV is targeting projects to reach a 1 Mtpy CO2 sequestration rate by 2027[17] CCUS Business - BKV's Barnett Zero project has been injecting since November 2023, with forecasted annual sequestration of 183 ktpy[105, 106] - BKV has injected ~242,000 tons through 6/30/25 at Barnett Zero[106]

Company Overview - Bitcoin Depot is a leading BTM operator, simplifying cash-to-crypto conversion[20] - The company has installed 9,000 kiosks across North America and Australia[21] - Total transacted volume since inception is $32 billion, with 39 million transactions completed[21] - Q2 2025 Adjusted EBITDA reached $185 million[21] - TTM Q2 2025 Revenue is $608 million and Adjusted EBITDA is $61 million[21] Market Position and Growth - Bitcoin Depot holds a significant BTM market share in North America[21] - The company operates in 48 US states, DC, 10 Canadian provinces, and 6 Australian provinces[21,58] - The company's kiosks address over 64% of the US population[58] - The global Bitcoin ATM market has grown significantly, reaching 38,738 BTMs in 2025[48] Strategic Partnerships - Bitcoin Depot is Circle K's exclusive BTM provider, with over 900 kiosks deployed across the US and Canada as of March 2025[61,65] - The company partners with major retailers, expanding customer reach with limited capital expenditure[61,78]

Cautionary disclaimers Growing, multi-asset producer Camino Rojo, May 2025 FORWARD LOOKING STATEMENTS ARE MADE IN THIS PRESENTATION Q2 SECOND QUARTER 2025 UPDATE This presentation contains forward-looking statements and information within the meaning of Canadian securities law and United States securities laws, rules and legislation, including the provisions for "safe harbor" under the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). All statements ...

Financial Performance - Carvana achieved a new company record in retail units sold, reaching 143,280 units, a 41% year-over-year increase[8] - The company reported net income of $308 million, resulting in a net income margin of 6.4%[8] - GAAP Operating income reached $511 million, with a GAAP Operating margin of 10.6%[8] - Adjusted EBITDA was $601 million, yielding an Adjusted EBITDA margin of 12.4%[8] Strategic Goals and Infrastructure - Carvana aims to sell 3 million used retail units with an Adjusted EBITDA Margin of 13.5% within 5 to 10 years[18] - The company's current real estate footprint can support approximately 3 million annual units with full build-out of inspection and reconditioning center capabilities at ADESA facilities[21] Market Position - Carvana is the most profitable automotive retailer as measured by Adjusted EBITDA margin[11] - The company leads the industry in GAAP Operating income and Net income dollars[15] Forward-Looking Statements - The report contains forward-looking statements subject to risks and uncertainties, cautioning against undue reliance on these statements[2, 3, 4]

Financial Performance - The company's net loss for the third quarter of fiscal 2025 was $17 million, improved from a net loss of $43.6 million in the third quarter of fiscal 2024[10] - Total company adjusted EBITDA for the third quarter of fiscal 2025 was $41 million, a 25% increase from $32.8 million in the prior year[10] - Net total debt decreased by 13% year over year and 2% sequentially to $746 million, with liquidity of $389 million as of June 30, 2025[10] - Consolidated revenue increased by 6% year-over-year[17] - Consolidated adjusted EBITDA margin was 19.1%[17] Salt Segment - Salt sales volumes increased by 4% year over year[10] - Salt segment revenue was $166 million, up 3.4% from $160.6 million in 3Q24[21] - Salt segment adjusted EBITDA was $45.8 million, up 10.1% from $41.6 million in 3Q24[21] - Salt adjusted EBITDA margin was 27.6%, an increase of 1.7 percentage points from 25.9% in 3Q24[21] Plant Nutrition Segment - Plant Nutrition sales volumes increased by 21% year over year, reaching 68 thousand short tons[10, 29] - Plant Nutrition revenue was $44.8 million, up 15.5% from $38.8 million in 3Q24[29] - Plant Nutrition adjusted EBITDA increased to $11.4 million from $7.2 million[29, 31] - Plant Nutrition adjusted EBITDA margin was 25.4%, an increase of 6.9 percentage points from 18.6% in 3Q24[29]