Trophy Games Investor Day 2025 on on alle make malle maller and Agenda | 16:00 | Welcome | Mingling | | --- | --- | --- | | 16:10 | Opening Remarks | Introduction by Jan Lehrmann, Chairmann of the board | | 16:15 | Half-Year Report | Presented by Aran Taghizadeh, CFO | | 16:45 | Q&A Session | Q&A session on the half-year report | | 17:15 | Truck Manager | Game status | | 17:30 | Farm Manager | Game status | | 17:45 | The Ranchers | Game status | | 18:00 | Strategy | Status on the organizational strategy | | ...

Group Performance Summary - Strauss Group's Q2 2025 net sales increased by 11.5% to NIS 3,073 million, and H1 2025 net sales increased by 13.5% to NIS 6,063 million[19] - Q2 2025 EBIT increased by 60.8% to NIS 245 million, and H1 2025 EBIT increased by 19.8% to NIS 426 million[19] - Q2 2025 net income decreased by 1.8% to NIS 80 million, and H1 2025 net income decreased by 36.7% to NIS 153 million[19] Segment Performance - Strauss Israel's Q2 2025 net sales increased by 8.9% to NIS 1,319 million, and H1 2025 net sales increased by 7.7% to NIS 2,715 million[25, 113, 118] - Strauss Coffee International's Q2 2025 net sales increased by 27.4% to NIS 1,536 million, and H1 2025 net sales increased by 35.4% to NIS 2,924 million[34, 136] - Strauss Water's Q2 2025 net sales increased by 3.9% to NIS 218 million, and H1 2025 net sales increased by 5.3% to NIS 424 million[45, 154] Commodities Price Development - Average Robusta price in Q2 2025 increased by 17% compared to Q2 2024, and H1 2025 increased by 39% compared to H1 2024[21] - Average Arabica price in Q2 2025 increased by 65% compared to Q2 2024, and H1 2025 increased by 80% compared to H1 2024[21] - Average Cocoa price in Q2 2025 decreased by 18% compared to Q2 2024, but H1 2025 increased by 10% compared to H1 2024[21]

Transaction Overview - AT&T 将从 EchoStar 收购频谱许可证[1] Legal Disclaimers - 该报告包含前瞻性陈述，实际结果可能存在差异，受风险和不确定性影响[3] - AT&T 不承担更新报告中声明的义务[3] - 该报告可能包含非 GAAP 财务指标，可在公司网站 investors.att.com 上找到 GAAP 财务指标的调整[4] Intellectual Property - AT&T 拥有该报告的知识产权[1,2]

Overall Financial Performance - The bank's Q3/25 net income was $2,527 million, a 32% increase Y/Y and a 24% increase Q/Q[16] - Revenues increased by 13% Y/Y to $9,486 million[16] - The bank's return on equity was 122%, up 240 bps Y/Y[13] - The CET1 ratio stood at 133%, an improvement of approximately 10 basis points Q/Q[13, 18] Segment Performance - Canadian Banking reported net income of $958 million, a 2% decrease Y/Y[23] - Global Wealth Management's net income increased by 14% Y/Y to $417 million[13, 25] - Global Banking and Markets saw a 29% Y/Y increase in net income, reaching $473 million[13, 26] - International Banking reported net income of $670 million, a 6% increase Y/Y[32] Risk Management - The total ACL ratio was 96 bps, up 1 bp Q/Q[43] - Gross impaired loans increased Q/Q by $41 million[58] - Net write-offs increased Q/Q by $17 million[58] Digital Adoption - Canadian Banking's active digital users increased by 47% Y/Y[84] - International Banking's digital adoption grew by 210 bps Y/Y[87]

Business Performance - Total stores increased by 11.9% from 907 in Q2 2024 to 1,015 in Q2 2025[12] - Registered loyalty club members grew by 22.4% year-over-year, reaching 26.2 million in Q2 2025[12] - Digital orders accounted for 90.4% of revenues from company-owned stores in Q2 2025, a 3.9 percentage point increase year-over-year[12] - The company opened ~150 individual franchise stores across 14 provinces[40] Financial Results - Total revenues decreased by 4.9% from RMB 366.8 million in Q2 2024 to RMB 349.0 million in Q2 2025[12] - Revenues from company-owned stores decreased by 12.5% from RMB 322.3 million in Q2 2024 to RMB 281.9 million in Q2 2025[12] - System sales increased by 1.4% from RMB 403.8 million in Q2 2024 to RMB 409.5 million in Q2 2025[12] - Same-store sales growth for company-owned stores decreased by 10.2 percentage points from -13.8% in Q2 2024 to -3.6% in Q2 2025[12] - Adjusted corporate EBITDA margin decreased by 30bp from 0.9% in Q2 2024 to 0.6% in Q2 2025[10] Strategic Focus - The company focuses on profitable and capital-efficient growth[28]

Q2 2025 Highlights and Performance - TCE income – Shipping Q2 2025 was US$38,800 per available day and US$37,300 per calendar day[14] - Q2 2025 profit after tax was US$43 million, and the profit attributable to equity holders of the company was US$35 million, representing an earnings per share of US$023[14] - The company declared a Q2 cash dividend of $022 per share, which consists of 75% of Shipping NPAT3 Q2 2025, in addition to retained dividends declared in 2024 from BW Product Services[14] - BW Product Services reported a US$15 million gross profit and a profit after tax of US$6 million for this quarter[14] - Available liquidity reached $708 million[14] Market Outlook - LPG export fundamentals are expected to remain solid, but increased disruptions at the Panama Canal are expected to drive longer sailing distances[16] - Terminal expansions are starting up in the US, enabling further export growth in the coming years, while the reversal of OPEC+ production cuts and new gas projects will support LPG exports[16] - The current VLGC fleet consists of 409 ships, with 7 VLGCs delivered this year and 7 more expected before year-end[16] Company Performance - Shipping segment achieved 94% utilization, generating TCE income – Shipping of $38,800 per available day[61] - 31% of the available fleet days are covered by fixed rate TC out at $45,200 per day for 2H 2025[62,88] - The company has ample liquidity of $708M with a long-dated repayment profile[73]

Financial Performance - Daqo New Energy recorded quarterly operating and net losses due to continued challenges in the solar PV industry with declining market prices[5] - Revenue decreased to $752 million in Q2 2025, compared to $1239 million in Q1 2025, a decrease of approximately 393%[10] - Gross loss was $814 million in Q2 2025, compared to $815 million in Q1 2025, with gross margin at -1083% and -658% respectively[10] - Net loss attributable to Daqo New Energy Corp shareholders was $765 million in Q2 2025, compared to $718 million in Q1 2025[10] - The company maintained a strong cash balance of $599 million, short-term investments of $419 million, bank notes receivables of $49 million, and fixed term bank deposit balance of $994 million as of June 30, 2025, totaling $206 billion in financial bank deposit and investment assets[5] Operational Highlights - The company operated at a reduced utilization rate of approximately 34% of its nameplate capacity[5] - Total polysilicon production volume for the quarter was 26,012 MT, within the guidance range of 25,000 MT to 28,000 MT[5] - Polysilicon sales volume decreased to 18,126 MT in Q2 2025 from 28,008 MT in Q1 2025[5] - Polysilicon average selling price (ASP) was $419/kg in Q2 2025, compared to $437/kg in Q1 2025[10] - The company expects its total polysilicon production volume in Q3 2025 to be approximately 27,000 MT to 30,000 MT, and full year 2025 production volume to be in the range of 110,000 MT to 130,000 MT[5]

Financial Performance & Backlog - Cadeler's financial performance exceeded expectations, leading to increased full-year guidance in July 2025[9] - The company's contract backlog remains strong at EUR 25 billion[13, 29] - 97% of the contract backlog, totaling EUR 2412 million, relates to projects with a positive final investment decision (FID)[36] - Revenue increased by EUR 170 million in Q2 2025 compared to Q2 2024, with utilization at 76% and adjusted utilization at 94%[46] - Revenue increased by EUR 216 million in H1 2025 compared to H1 2024, with utilization at 67% and adjusted utilization at 89%[50] Fleet & Operations - Cadeler took delivery of the Wind Keeper, securing a long-term contract with Vestas for three years, with options for an additional two and a half years, potentially worth over EUR 380 million[10, 35] - Seven vessels are currently on hire globally, including two in Taiwan and two in North America[11] - Cadeler has secured EUR 2058 million in funding for its CAPEX program, including Wind Keeper, with EUR 1225 million drawn as of June 30, 2025, leaving EUR 833 million undrawn[57] Market Outlook & Strategy - The company anticipates an undersupply of capable vessels from 2029 onwards, driven by increasing market demand, including strong growth in demand for O&M[101] - Cadeler is building up Nexra, a new service concept for the offshore wind industry, to address the strong and increasing demand for O&M services, especially for larger turbines[12, 95]

Financial Performance - Q2 2025 revenue was $155.6 million, a decrease of 10% year-over-year[17] - Q2 2025 gross profit was $16.8 million, with a gross margin of 11%[18] - Q2 2025 operating expenses decreased by 20% to $57.2 million[18] - The net loss for Q2 2025 was $45.4 million[92] - Adjusted EBITDA for Q2 2025 was $(29.7) million[97] Products and Operations - Antora®shipment increased 112%[17] - The company serves 18 OEMs across 28 vehicle brands as of June 30, 2025[18] - Product in Vehicles 9.3mn+[17] Reporting Change - The company changed its reporting currency from Chinese Renminbi ("RMB") to U.S Dollars ("USD")[7]

Financial Performance - BMO's Q3'25 reported EPS was $3.14, up 22% Y/Y, and adjusted EPS was $3.23, up 14% Y/Y[9] - YTD'25 PPPT2 reached $11.4 billion, a 19% increase Y/Y[9] - The reported Return on Equity (ROE) for Q3'25 was 11.6%, while the adjusted ROE was 12.0%[10] - Adjusted net income increased by 21%, excluding $69 million amortization of acquisition-related intangible assets[32] Business Segment Performance - Canadian Personal & Commercial Banking revenue increased by 7% YTD and 2% in Q3'25, reaching $6.6 billion[13] - U S Personal & Commercial Banking revenue increased by 3% YTD and 4% in Q3'25, reaching US$5.5 billion[15] - BMO Wealth Management revenue increased by 13% YTD, reaching $4.7 billion[17] - BMO Capital Markets revenue increased by 7% YTD, reaching $5.6 billion[19] Digital Strategy - Active digital users in retail banking increased by 5% to 4,863,000 in Q3'25[23] - Active digital users in commercial banking increased by 9% to 350,000 in Q3'25[26] Risk Management - Q3'25 PCL ratio on impaired loans was 45 bps, down 1bp Q/Q[82] - Allowance on performing loans stood at 70 bps[88]