Financial Data and Key Metrics Changes - The third quarter normalized FFO per share was $0.45, representing approximately 18% growth over the prior year quarter [3][17] - Normalized FFO increased 55.5% over the prior year quarter to $94.7 million, and normalized FAD increased 50.6% to $93.1 million [17] - The company raised $736 million from an equity issuance, enhancing its financial flexibility [17][19] Business Line Data and Key Metrics Changes - The company closed on $495 million of new investments in the third quarter, bringing the year-to-date total to over $1.6 billion [5][6] - The investment pipeline is approximately $600 million, with about half in U.S. skilled nursing, a third in U.K. care homes, and the remainder in SHOP and strategic loans [13][14] Market Data and Key Metrics Changes - The U.K. acquisition has expanded the company's deal pipeline, now accounting for roughly a third of the total pipeline [7] - The blended stabilized yield on post-quarter-end investments is approximately 8.8% [13] Company Strategy and Development Direction - The company aims to grow by adding two new engines of growth: U.K. care homes and SHOP, alongside its core U.S. skilled nursing facilities [6][7] - The focus is on long-term growth, with a vision for the next decade rather than short-term results [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position going into 2026, highlighting a stronger team, better portfolio, and greater liquidity [9][10] - The management team is optimistic about the growth potential in the U.S. skilled nursing, U.K. care homes, and SHOP sectors [10][72] Other Important Information - The company has maintained low leverage with net debt to EBITDA of 0.43 times and a fixed charge coverage ratio of 11 times as of quarter-end [20] - The company is preparing for a transition in leadership as the CFO will retire at the end of the year [16] Q&A Session Summary Question: Expected yields across SNFs, U.K. care homes, and seniors housing - The expected yield for SNFs is typically around 9%, U.K. care homes around 8.5% or higher, and seniors housing yields are expected to be 7% or higher depending on various factors [24] Question: Plans to minimize duration gap in equity raises - The company is evaluating options on a case-by-case basis and has not found it necessary to pursue forward equity raises yet [26] Question: Investments in seniors housing operating portfolio - Investments began at the end of last year, with plans to add more personnel to support growth in the SHOP segment [30] Question: Comparison of U.K. and U.S. markets - The U.K. market is seeing increased activity and a growing pipeline since the acquisition of CareREIT, with the company remaining competitive [36] Question: Application of data science investments - The data science platform will enhance productivity and decision-making across all departments, particularly benefiting the SHOP business [38] Question: G&A cost growth expectations - G&A costs are expected to stabilize at current levels, with some increases due to team investments and resets in short-term incentives [44][62] Question: Appetite for skilled nursing OPCO or RIDEA investments - The company is open to considering such investments for the right operator and deal, though nothing is currently in the pipeline [48] Question: SHOP deals and operator relationships - The company will approach SHOP deals on a case-by-case basis, aiming to expand relationships with operators regardless of predefined growth paths [52] Question: Coverage levels in the U.K. care home portfolio - The slight decrease in coverage levels is attributed to idiosyncratic factors rather than systemic issues [60] Question: Future growth potential and pipeline expansion - The opportunity set has expanded significantly compared to last year, with a bullish outlook for 2026 [71]

Financial Data and Key Metrics Changes - Revenues reached a new quarterly record of $212.6 million, a 6% increase year-over-year, marking the 18th consecutive quarter of revenue growth [9][20] - Gross margins improved to 26.6%, up from 26.2% year-over-year, with adjusted EBITDA margins at 16.2%, reflecting a 30 basis point increase from the prior year [13][14][21] - The company reported a net loss of $64.4 million, or $4.30 per share, primarily due to litigation settlements, compared to a net income of $10.1 million, or $0.67 per share in Q3 2024 [15][23][24] Business Line Data and Key Metrics Changes - The defense business grew by 13% in Q3, driven by a 21% increase in the missile franchise and 17% growth in military fixed-wing aircraft [9][10] - The commercial aerospace segment saw a decline of 10% year-over-year, primarily due to lower revenues from Boeing and regional jets [12][18] - The Structural Systems segment posted revenue of $89 million, up from $86 million, while the Electronic Systems segment revenue increased to $123.1 million from $115.4 million [24][26] Market Data and Key Metrics Changes - The military and space sector revenues increased to $126 million from $111 million in Q3 2024, reflecting strong growth in missile programs and military rotorcraft [17] - The company achieved a book-to-bill ratio of 1.6 times, with $338 million in new orders during Q3 [10][11] - Remaining performance obligations (RPO) reached a record $1.03 billion, increasing by $125 million sequentially [16][30] Company Strategy and Development Direction - The Vision 2027 Game Plan focuses on increasing the revenue percentage of engineered products and aftermarket content, which rose to 23% in 2025 from 15% in 2022 [7][8] - The company is consolidating its manufacturing footprint and pursuing a focused acquisition strategy to enhance growth in high-demand segments [6][8] - Management remains optimistic about the defense business outlook, citing strong order activity and a robust pipeline of opportunities [11][12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges in the commercial aerospace sector due to destocking but expressed confidence in the defense business's strength [12][17] - The company expects continued mid-single-digit revenue growth for the full year of 2025, with low double-digit growth anticipated in Q4 [16][17] - Management highlighted the importance of strategic pricing and cost efficiencies as key drivers for margin expansion moving forward [46][47] Other Important Information - The company entered into a binding settlement for the Guam fire litigation, resulting in a $150 million payment, with $56 million expected to be covered by insurance [15][30] - The restructuring initiative is expected to generate annual savings of $11 million to $13 million, with initial cost savings already realized [28][29] Q&A Session Summary Question: Can you provide more detail on bookings in commercial aerospace? - Management noted strong bookings across Boeing and Airbus, with production rates currently at mid-20s to high 20s for MAX [34][35] Question: What are the expectations for revenue growth in Q4? - Management indicated continued strength in defense business will drive growth, despite ongoing destocking pressures in commercial aerospace [37][38] Question: What is the difference between RPO and backlog? - RPO represents total remaining performance obligations, while backlog is constrained to a two-year window and linked to shipments [39][40] Question: What are the expectations for margins in 2026? - Management expects stable margins for the rest of 2025, with significant opportunities for savings from facility consolidation in 2026 [45][46] Question: How will the litigation settlement impact M&A plans? - Management confirmed that they will maintain sufficient liquidity for acquisitions and are in discussions to expand their credit facility [47][48] Question: What is the company's position regarding the Golden Dome program? - Management expressed optimism about being well-positioned in missile and radar franchises, although specific customer feedback is still pending [49][50]

Financial Results Call Presentation Third Quarter 2025 November 6, 2025 NYSE: AWR Today's Presenters Robert J. Sprowls President & CEO Eva G. Tang SVP – Finance & CFO 2 Forward-Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can often be identified by words such as "anticipate," "estimate," "expect," "intend," "may," "should" and similar phrases and expressions, and variations or ne ...

Exhibit 99.2 Financial Supplement Third Quarter 2025 Disclaimers This supplement contains certain non-GAAP financial information relating to CareTrust REIT including EBITDA, Normalized EBITDA, FFO, Normalized FFO, FAD, Normalized FAD, and certain related ratios. Explanatory footnotes and a glossary explaining this non-GAAP information are included in this supplement. Reconciliations of these non-GAAP measures are also included in this supplement or on our website. See "Financials and Filings – Quarterly Res ...

Legal Disclaimer November 6, 2025 Third Quarter Earnings Call Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or developments that the company anticipates will or may occur in the future are based on underlying assumptions (many of which are based, in turn, upon further assumptions), including but not limited ...

Western Union (NYSE:WU) 2025 Investor Day November 06, 2025 01:00 PM ET Speaker1Good afternoon. My name is Tom Hadley, Vice President, Corporate Development and Investor Relations. I'd like to welcome you to Western Union's 2025 Investor Day. For those of you who are with us in person, it is so great to see you. For those of you who are joining via webcast, thank you for joining. Over the next few hours, you will hear from members of the management team providing insight into our Beyond strategy, and then w ...

Financial Data and Key Metrics Changes - For Q3 2025, normalized FFO per share was $0.36 and normalized AFFO per share was $0.38, representing a year-to-date increase of 5% and 4% respectively over the same period in 2024 [13][17] - Cash rental income from the triple-net portfolio decreased by $3.5 million from the previous quarter, while cash NOI from the managed senior housing portfolio increased by $4.7 million, resulting in a net sequential increase of $1.3 million [14][15] - The net debt-to-adjusted EBITDA ratio was 4.96 times as of September 30, 2025, a decrease of 0.04 times from June 30, 2025 [19][20] Business Line Data and Key Metrics Changes - The managed senior housing portfolio contributed nearly 26% of total annualized cash NOI, with cash NOI growth of 15.9% excluding 16 ex-Holiday properties [6][8] - The same store managed senior housing portfolio saw revenue grow by 5.4% year over year, with occupancy increasing by 110 basis points to 86% [11][12] - Cash and NOI for the same-store managed senior housing portfolio increased by 13.3% year over year, with Canadian communities showing a 20.2% increase [12][18] Market Data and Key Metrics Changes - Occupancy in the Canadian portfolio was up 150 basis points to 93.1%, marking the sixth consecutive quarter where occupancy has been above 90% [11] - The overall managed portfolio's occupancy increased by 60 basis points to 86.8%, with RevPAR rising 4.3% sequentially [10][11] - The regulatory environment for skilled nursing remains stable, with skilled exposure dropping below 50% for the first time [7][8] Company Strategy and Development Direction - The company aims to increase its SHOP exposure from 26% to 40%, reflecting a strategic shift towards senior housing as a stronger driver of earnings growth [6][7] - The investment target was originally set at $400 million-$500 million but is now expected to exceed $500 million, indicating a robust acquisition pipeline [7][9] - The company is focused on maintaining a balanced portfolio between skilled nursing and senior housing, with a preference for newer assets that are geared towards future demand [8][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability and contribution of the SHOP portfolio, with expectations for continued positive momentum in the coming quarters [9][28] - The company anticipates that the current supply-demand equation in senior housing will remain favorable for some time due to a lull in new development [10][73] - Management noted that the dynamics of the market are different from previous years, with strong demographic trends supporting growth in senior housing [65][68] Other Important Information - The company declared a quarterly cash dividend of $0.30 per share, representing a payout of 79% of the third-quarter normalized AFFO per share [21][22] - The company has ample liquidity of approximately $1.1 billion, consisting of unrestricted cash and available borrowings [21][20] Q&A Session Summary Question: Guidance maintenance despite strong core performance - Management indicated that most investments closing this year will have a muted impact on 2025 performance, with expectations for their contribution to 2026 [24][25] Question: Core SHOP portfolio metrics excluding Holiday - Management noted that same store NOI was impacted by Holiday, but other metrics remained positive, with occupancy for non-Holiday assets performing better [26][29] Question: Total portfolio occupancy and recent SHOP acquisitions - Management did not disclose total portfolio occupancy but indicated that non-same store assets are largely in line with the same store pool [32][33] Question: Pricing power in targeted markets - Management highlighted that Canadian assets above 90% occupancy have seen rate growth over 5%, suggesting potential for similar trends in the domestic portfolio [34][35] Question: Holiday portfolio improvement and future growth - Management confirmed that operators have stabilized labor in the Holiday portfolio, which is expected to contribute positively to overall growth [39][41] Question: Underwriting and cap rates - Management stated that current investments are yielding between 7% and 8%, with expected mid-single digit annual earnings growth [42][43] Question: SHOP pipeline skew between IL and AL - Management noted a heavier weighting towards AL memory care than IL in the current pipeline [76] Question: Appetite for single idea or opco investments - Management expressed no appetite for pursuing single idea or opco investments, focusing instead on senior housing and skilled nursing [55][56] Question: U.S. versus Canada split for SHOP - The current split is 70 total same-store assets, with 25 in Canada, and management sees growth potential in Canada despite pricing challenges [61][58]

Citizens Financial Group Conference Summary Company Overview - **Company**: Citizens Financial Group (NYSE: CFG) - **Market Cap**: $22 billion - **Total Assets**: $223 billion - **Headquarters**: New England - **Key Management**: President Brendan Coughlin oversees consumer banking, private banking, and wealth management [2][3] Core Strategies and Transformations - **Three-Pronged Strategy**: 1. Best-positioned commercial bank 2. Transformed consumer bank 3. Building a private bank and private wealth franchise [5] - **Consumer Bank Transformation**: - Shifted from a large thrift model to a relationship-based, profitable institution - Segment returns improved from mid to high teens pre-COVID to mid to high 20s, aiming for 30s [6] - Reduced branches from 1,400 to 1,000 through acquisitions and cost pruning, reinvesting in technology [6][8] Deposit and Lending Strategy - **Deposit Quality Improvement**: - Achieved top quartile performance in deposit beta and quality among the top 25 banks in the U.S. [8] - 70% of deposits are consumer-based, with a focus on relationship-driven revenue [8] - **Lending Focus**: - Transitioning to higher yielding, relationship-based lending products, such as HELOCs and credit cards [9] - Non-core loans being phased out to enhance overall loan quality [9] Private Banking and Wealth Management - **Private Bank Launch**: - Hired 150 former First Republic bankers, now expanded to over 500 [10][11] - EPS accretion target exceeded, with returns between 20% and 25% [12] - **Wealth Management Growth**: - Significant growth in fee income, from $50 million to $93.5 million quarterly [19] - Acquired Clarkfeld Advisors to enhance RIA platform, with strong client migration rates [20] Market Position and Competition - **New York Market Entry**: - Acquired HSBC's East Coast locations and Investors Bank, now operating 200 branches in Metro New York [26][27] - Growing market share against both large and smaller banks [29] - **Consumer Health Insights**: - Observing a K-shaped economy with stability in high-end segments and stress in lower segments [30] - Credit quality remains strong, with improving metrics in non-core areas [31][32] Future Initiatives - **Reimagine the Bank Initiative**: - A multi-year program aimed at enhancing operational efficiency and technology integration, including AI deployment [34][36] - Expected costs of $400 million over three years, with negligible short-term impact on earnings [36][37] - **Credit Card Strategy**: - Launched a new suite of credit cards, targeting growth to $3 billion in size [42][44] - **Home Equity Lending**: - Leading in HELOC originations with a strong focus on data-driven underwriting processes [46][47] Key Metrics and Performance - **Return on Equity (ROE)**: - Current ROE in the mid-20s, with expectations to maintain above 20% [12][57] - **Deposit Metrics**: - 42% of deposits in DDA or CWE, with a focus on maintaining a healthy deposit franchise [12][39] Conclusion Citizens Financial Group is strategically positioned for growth through its focus on relationship-based banking, private wealth management, and operational efficiency initiatives. The company is actively enhancing its market presence, particularly in competitive regions like New York, while maintaining strong credit quality and deposit metrics.

Strategic. Disciplined. Opportunistic. Investor Presentation | November 5, 2025 Disclaimers Forward-Looking Statements This presentation contains "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Any statements that do not relate to historical or current facts or matters are forward-looking statements. These statements may be identified, without limitation, by the use of "expects," "believes," "intends," "should" or comparable terms or the negative thereof. Exa ...

Financial Data and Key Metrics Changes - The company reported revenues of $229 million for Q3 2025, an increase of $48.4 million, or 26.8% year-over-year [5] - Adjusted EBITDA was $17.3 million, up $2.2 million, or 14.5% compared to the prior year quarter [5] - Adjusted EPS increased to $0.30, reflecting a $0.04 increase, or 15.4% year-over-year [5] - Full-year revenue guidance was raised to between $911.4 million and $948.6 million, with adjusted EBITDA expected between $70.9 million and $73.8 million [10][25] Business Line Data and Key Metrics Changes - Home Health and Hospice segment revenue reached $173.6 million, a 27.9% increase, with adjusted EBITDA of $26.8 million, up 22.7% [12] - Senior Living segment revenue was $55.5 million, up 23.2% year-over-year, with adjusted EBITDA increasing 26.2% [15] - Same-store occupancy in senior living reached 81.8%, with all-store occupancy at 80.9% [15] Market Data and Key Metrics Changes - The average CMS reported star rating for home health was 4.1, compared to the industry average of three stars [12] - Potentially preventable hospitalizations decreased to 8.4%, below the national average of 9.9% [12] - Hospice quality composite score improved to 97%, exceeding the national average of 92% [12] Company Strategy and Development Direction - The company is focused on integrating the recently acquired UnitedHealth Amedisys operations and enhancing local leadership [5][33] - There is a strong emphasis on empowering local clinical leaders to drive operational success and improve clinical outcomes [9][12] - The company plans to continue pursuing acquisition opportunities in senior living and home health, maintaining a disciplined approach [23][60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term value of home health services despite current regulatory uncertainties [19] - The company anticipates some lumpiness in results due to integration efforts but expects significant long-term potential from recent acquisitions [6][10] - Management highlighted the importance of local leadership and community engagement in driving operational success [9][48] Other Important Information - The company closed on a $100 million term loan to enhance balance sheet capacity [24] - The acquisition of UnitedHealth Amedisys included 54 locations with trailing 12-month revenues of $189.3 million [21] - The company is actively advocating against proposed regulatory changes that could negatively impact the industry [9][18] Q&A Session Summary Question: What are the top priorities for integration after the Amedisys transaction? - The focus is on identifying and elevating leaders, ensuring exceptional support for agencies, and developing a joint venture with the University of Tennessee [33][34] Question: How should we think about margins in senior living going forward? - As occupancy increases, there is an expectation for improved margins, with a focus on operational efficiency and revenue quality [38] Question: What dynamics are affecting margin guidance? - NCI growth and elevated G&A expenses are impacting EBITDA margins, with adjustments made for these factors [40][41] Question: What is driving the increase in hospice length of stay? - The increase reflects a return to pre-pandemic levels and improved identification of appropriate patients for hospice services [42][43] Question: How is the internal reception of the Amedisys assets? - Employees have shown excitement and commitment, with minimal turnover and strong performance during the transition [46][49] Question: What is the competitive landscape for senior living acquisitions? - There is increased activity in the senior living space, with a mix of opportunities within the company's target range [60][62]