Third Quarter FY 2025 Earnings Call Presentation August 12, 2025 Hillenbrand Call Participants Trent Schwartz Executive Director, IR Kim Ryan President & CEO Megan Walke VP & Interim CFO Disclosure Regarding Forward-Looking Statements Throughout this earnings presentation, we make a number of "forward-looking statements," including statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private S ...

Financial Performance - Q2 2025 - Revenue decreased by 18.7% year-over-year to $65.8 million[60] - On a constant currency basis, revenue decreased by 22.5% year-over-year to $62.7 million[62] - IFRS Gross Margin was 0.3%, a decrease of 4.9% year-over-year[60] - Non-IFRS Gross Margin increased to 17.0%, up 3.5% year-over-year[62] - Net Loss was $(26.5) million, a decrease of $6.5 million year-over-year[60] - Adjusted EBITDA increased by 4.2% year-over-year to $12.5 million[62] Operational Metrics - Total riding distance reached 13.2 billion kilometers[53] 2025 Guidance - The company expects revenue to be at the low-end of $295 million - $315 million[65] Additional Points - Operating cash flow was $15.2 million[28] - Operating expenses reduced by 1740%[28]

Q2 2025 Production Update - Earned 718 BTC in Q2 2025[17] - Direct cost per BTC was $48200[17] - Revenue per BTC was $98000[17] - Estimated proceeds of $18 million for reinvestment in the US from Argentina shut-down[18] - Achieved a 5% improvement in direct hashcost[18] Bitcoin Business - Bitcoin holdings are approximately 1200 BTC, up about 25% from year-end 2024[25] - The company's hashrate is 177 EHuM[21] - Mining operations generate approximately $8 million in free cash flow per month[23, 26] Energy Portfolio and HPC/AI Development - The company has a 1 GW energy pipeline in Pennsylvania[28, 42] - The company has a 1 GW data center built in Washington[28] - The company has a 170 MW energy pipeline in Quebec[28] - The company secured $300 million in debt financing from Macquarie Group for initial Panther Creek data center development[47] Financial Highlights - Q2 2025 revenue was $78 million, an increase of 87% year-over-year from $42 million in Q2 2024[49] - Q2 2025 gross mining margin was 43%[50] - Q2 2025 Adjusted EBITDA was $14 million, an increase of 27% year-over-year from $11 million in Q2 2024[53] - The company has approximately $230 million in total liquidity as of August 11, 2025[56]

Financial Performance & Growth - Sparebanken Norge's Q2 2025 presentation highlights strong financial performance and growth following a legal merger on May 2, 2025 [2, 4] - The group's cost-to-income ratio for Q2 2025 is 29%, positioning it favorably compared to peers [8, 9] - The company reported a pro forma Return on Equity (ROE) of 18% for Q2 2025 [16] - Net interest income increased, reaching NOK 2711 million in Q2 2025 [42, 43] - Underlying cost growth is approximately 2.3%, with a pro forma cost-to-income ratio of 29% (27.4% adjusted for merger costs) [49] Lending & Deposits - The company has a gross loans portfolio of NOK 463 billion [11, 12] - Retail customer lending grew by 3.7% year-to-date, while corporate customer lending grew by 5.1% year-to-date [6] - Retail customer deposits show year-on-year growth of 11.2% [36] - Mortgage loan delinquencies (90 days) remain below 0.1% [59] Subsidiaries & Associated Companies - Eiendomsmegler Norge achieved a year-to-date pre-tax profit of NOK 49 million [75] - Borea Asset Management has Assets under Management (AUM) of NOK 18.7 billion [77] - Frende Holding's annualized ROE was 23.6% in the first half of 2025 [83] Capital Adequacy & Synergies - The Common Equity Tier 1 (CET1) ratio is 18.4% [17, 69, 70] - Realized capital synergies of approximately NOK 2 billion in Q2 2025 due to the implementation of CRR3/Basel IV [123] - Cost synergies are estimated to be greater than NOK 425 million [111, 112, 119] Future Targets & Strategy - The company aims for a Return on Equity (ROE) greater than 13% and a CET1 capital ratio greater than 16% by 2026-2028 [112, 129] - Bulder is targeting NOK 83 billion in lending [111] - Borea Asset Management is targeting > NOK 34 billion in AUM by the end of 2028 [195]

Second Quarter 2025 Overall Results - Sea Limited reported strong and healthy growth across all its businesses in the second quarter of 2025[8] - GAAP Revenue reached $53 billion[12], while Gross Profit was $24 billion[12], and Operating Income was $4877 million[12] - The company's Adjusted EBITDA was $8292 million[14] E-commerce (Shopee) - E-commerce GAAP Revenue increased to $38 billion[9] - Shopee's GMV grew 25% YoY in the first half of 2025, with expectations for continued growth in the third quarter[23] - Content-driven orders accounted for over 20% of physical goods order volume in 2Q 2025[22] Digital Financial Services - Loans Principal Outstanding grew over 90% YoY in 2Q 2025, reaching $69 billion[38] - The company added over 4 million first-time borrowers in 2Q 2025, bringing consumer and SME loans active users to over 30 million[38] - Digital Financial Services GAAP Revenue was $8828 million, with Adjusted EBITDA at $2553 million[17] Digital Entertainment (Garena) - Digital Entertainment Bookings were $6613 million[9], with a YoY increase of 23%[51] - Free Fire sustained a massive global user base of over 100 million average DAU[51] - The company is raising its full-year guidance for Garena, expecting bookings to grow more than 30% YoY in 2025[50]

Company Overview and Strategy - Lifecore is a fully integrated CDMO specializing in sterile injectable pharmaceuticals[9], aiming for a revenue CAGR of 12%+ and Adjusted EBITDA margins of 25%+ in the mid-term[7, 89] - The company projects revenues of $74 million - $76 million and Adjusted EBITDA of $12 million - $14 million for the 7-month transition period (May 26 – Dec 31, 2025)[10] - Lifecore has expanded capacity and revenue potential of approximately $300 million annually[7, 89] Market and Growth Drivers - The global injectable CDMO market is a $10 billion market with a +10% CAGR[24] - The global CDMO market is a $120 billion market with a +8% CAGR[24] - The Hyaluronic Acid market is a $9.8 billion market with a +7% CAGR[24] Financial Performance and Outlook - Fiscal Year 2025 revenues reached $128.9 million, a +0.5% increase compared to FY24[82] - Fiscal Year 2025 Adjusted EBITDA was $19.5 million, a -$0.7 million decrease compared to FY24[82] - The company is targeting a mid-term Adjusted EBITDA margin of 25%+[75] Pipeline and New Business - The total pipeline represents $150 million - $200 million in incremental commercial revenue potential[41] - The company has a strong and diverse pipeline with 11 active late-stage projects and 19 early-mid stage projects[42] - The company is expanding its target markets beyond high-viscosity legacy, including mAbs, complex generics, biologics, and GLP-1[55]

Financial Performance - Revenue increased by 9.3% to £297.8 million in H1 2025, compared to £272.4 million in H1 2024[13] - EBIT increased by 2.3% to £44.6 million in H1 2025[12] - The EBIT margin decreased by 100 bps to 15.0% due to increased NI and NMW costs[12,13] - Dividend per share increased by 2.4% to 4.2p[12,13] - Operating cash conversion was 65.1%, expected to be around 90% for the full year[12,39] Business Segment Performance - Climate Management Solutions (CMS) revenue increased by 11.5% to £87.6 million[27] - Water Management Solutions (WMS) revenue increased by 10.4% to £86.2 million, but underlying operating profit decreased by 43.6% to £4.0 million[31] - Sustainable Building Solutions (SBS) revenue increased by 7.9% to £120.2 million, and underlying operating profit increased by 19.6% to £28.1 million[35] Strategic Initiatives and Outlook - The company maintains full-year expectations, focusing on new solutions and market share gains[9] - Structural tailwinds from UK regulatory changes and expected housebuilding increases are expected to drive medium-term growth[9] - The company is leveraging the Genuit Business System (GBS) to improve productivity and cash flows[61,67]

Financial Performance - Service revenues reached ₱97.1 billion, a slight increase from ₱96.9 billion in 1H24[4] - Cash Opex decreased by 3% from ₱43.0 billion to ₱41.6 billion[4] - EBITDA grew by 3% to ₱55.5 billion with a 52% margin, compared to ₱53.9 billion in 1H24[4] - Depreciation & Amortization increased by 7% to ₱26.2 billion[4] - Net Financing Costs increased significantly by 27% to ₱8.4 billion[4] - Telco Core Income decreased by 4% to ₱17.2 billion[4] - Core Income increased slightly by 1% to ₱17.6 billion[4] Segment Performance - Home broadband revenues totaled ₱30.4 billion, a 4% increase[8] - Fiber revenues within the home segment grew by 7% to ₱29.5 billion[8] - Enterprise revenues totaled ₱23.5 billion, impacted by headwinds[8, 14] - Individual revenues totaled ₱42.3 billion[8] - Mobile data revenues accounted for 89% of individual revenues, totaling ₱37.4 billion[8] Key Growth Areas - Home fiber net adds reached 169,000, a 3X increase compared to 1H24[11, 12] - Over 80% of new home accounts opted for higher-value plans[11] - Total active data users reached 41.6 million[22] - Total mobile data traffic increased by 5% to 2,766 petabytes[22] - Data Center Colocation revenue increased by 36%[17] - Cyber Security Services revenue increased by 24%[17]

Q2 2025 results Conference call NTG Nordic Transport Group August 12, 2025, 10:00 AM CEST Forward looking statements This presentation has been prepared for information purposes only. This presentation (i) is by necessity a summary of more detailed information, (ii) is not intended and should not be used to form the basis of any investment decision, and (iii) does not purport to be full or complete. The Company has not independently verified the information contained herein and does not undertake any obliga ...

Financial Performance - SGH's revenue increased by 1% to $10744 million[12] - EBIT increased by 8% to $1537 million[12] - NPAT increased by 9% to $924 million[12] - Operating cash flow increased significantly by 49% to $1951 million[12] - The company's final dividend increased by 17% to 62cps[22] Business Unit Performance - WesTrac's revenue increased by 4% to $6100 million[39] - Boral's revenue increased by 1% to $3603 million, with EBIT up by 26% to $468 million[57] - Coates' revenue decreased by 9% to $1041 million[76] - Beach Energy's revenue increased by 13% to $1997 million, with production up by 9% to 197 million barrels of oil equivalent (mmboe)[93] Safety and Sustainability - Lost Time Injury Frequency Rate (LTIFR) and Total Recordable Injury Frequency Rate (TRIFR) improved by 38% and 31% respectively[35] Capital Management - Adjusted Net Debt to EBITDA (Leverage) decreased by 10% year-over-year, falling below 2x[22]