Financial Performance - Q3 2025 - Adjusted EBITDA decreased by 28% year-over-year to approximately $57.7 million, primarily due to soft volumes in key regions, adverse fixed cost absorption variances, and inventory revaluation [5, 24] - Net sales decreased by 2.7% year-over-year to $450.9 million [24] - Gross profit decreased by 20.4% year-over-year to $85.6 million [24] - Adjusted net income decreased by 40.5% year-over-year to $16.3 million [24] Segment Performance - Q3 2025 - Rubber Carbon Black: Adjusted EBITDA decreased by 31.8% year-over-year to $36.1 million, with volume gains in APAC and South America [28, 31] - Specialty Carbon Black: Adjusted EBITDA decreased by 20.6% year-over-year to $21.6 million, with overall volumes modestly higher but predominantly into lower value markets [33, 35] Key Factors and Challenges - Tire imports into the U.S. remain a challenge, with tariffs of 25% on imported replacement tires [6, 15] - Macroeconomic conditions remain difficult, impacting end market recovery [5, 19] - The company is over-indexed to Western markets and premium tire makers, which are most impacted by import levels [6] Outlook and Strategy - Revised full-year 2025 Adjusted EBITDA guidance to $220 million - $235 million and Adjusted EPS to $0.80 - $0.95 per share [40] - The company expects positive free cash flow for 2025, revised to +$25 million - $40 million [38, 40] - The company is intensifying its focus on cash flow generation through cost actions and working capital management [18, 19]

Bradley Joseph Q3 2025 Earnings Presentation Nov 5, 2025 VP Global Investor Relations Forward-Looking Statements Certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our, or our industry's ac ...

Financial Performance - Q3 2025 - Recurring Revenue was $489 million, a decrease of 3.0% compared to $504 million in Q3 2024[22] - Project Revenue was $44 million, a decrease of 13.7% compared to $23 million in Q3 2024[22] - Total Revenue was $233 million, a decrease of 4.0% compared to $222 million in Q3 2024[22] - Adjusted Gross Profit was $206 million, an increase of 3.0% compared to $200 million in Q3 2024, with a margin of 38.6%, a 260 bps increase[22] - Adjusted EBITDA was $138 million, an increase of 16.9% compared to $118 million in Q3 2024, with a margin of 25.9%, a 460 bps increase[22] Full Year 2025 Business Outlook - Revenue is projected to be between $2,252 million and $2,282 million, a decrease of 4% to 3%[25] - Adjusted EBITDA is projected to be between $595 million and $620 million, an increase of 0% to 4%[25] - Adjusted EPS is projected to be between $0.54 and $0.58, a decrease of 5% to an increase of 2%[25] - Free Cash Flow is projected to be between $225 million and $250 million, an increase of 2% to 13%[25] - Revenue under contract for Full Year 2026 is $1.8 billion (↑$110M)[25] - Revenue under contract for Full Year 2027 is $1.3 billion (↑$20M)[25] Capital Structure - Total Debt as of 9/30/2025 was $2,010 million, compared to $2,025 million as of 12/31/2024[27] - Cash was $205 million as of 9/30/2025, compared to $343 million as of 12/31/2024[27] - Net Debt was $1,805 million as of 9/30/2025, compared to $1.682 billion as of 12/31/2024[27] - Net leverage ratio was 3.0x at 9/30/2025[30]

Financial Performance - Q3 2025 - Adjusted revenue reached $470 million, exceeding guidance of $450 million to $460 million, representing a 6.9% year-over-year increase, or 5.5% on a constant currency basis[52] - Gross margin was 47.5%, a 240 bps increase year-over-year, surpassing the approximate guidance of 47.0%[52] - Adjusted operating margin was 9.1%, a 150 bps increase year-over-year, also exceeding the approximate guidance of 8.3%[52] - Adjusted EPS was $0.36, a 28.6% increase year-over-year, or 25.0% on a constant currency basis, outperforming the guidance of $0.28 to $0.32[52] - Inventory at the end of the quarter was $293 million, a decrease of approximately 0.7% compared to the prior year[58] - Net debt at the end of the quarter was $543 million, a decrease of approximately 3.6% compared to the prior year[59] FY25 Guidance - Revenue is projected to be between $1.855 billion and $1.870 billion, representing a 6.4% increase at the midpoint compared to the 2024 ongoing business, or 5.6% on a constant currency basis[61] - Gross margin is expected to increase by 280 bps compared to last year, reaching approximately 47.1%[61] - Adjusted operating margin is expected to increase by 160 bps compared to last year, reaching approximately 8.9%[61] - Adjusted EPS is projected to be between $1.29 and $1.34, representing a 50.0% year-over-year increase at the midpoint compared to $0.88 in 2024[61]

Third Quarter 2025 Financial Results Welcome and Participants Dr. Jeffrey Graves President & Chief Executive Officer Phyllis Nordstrom Executive Vice President & Interim Chief Financial Officer Monica Gould November 5, 2025 Investor Relations 2 Forward Looking Statements Certain statements made in this presentation that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involv ...

Financial Performance - The company's LTM recurring revenues reached $1350 million, a 13% increase (CC +13%) [127] - ARR reached $1405 million as of September 30, 2025 [131] - The company anticipates total revenues between $1461 million and $1490 million, or $1481 million to $1510 million in constant currency for the full year 2025 [141] - Free cash flow for the full year 2025 is projected to be between $430 million and $470 million [141] - Q3 subscriptions revenues increased to $344 million [124] - Q3 services revenues increased to $21 million [124] Growth & Adoption - Data center construction spend has increased by 184% since December 2022 [28] - Approximately half of survey respondents are either piloting AI or have already implemented it [87] - The company's OpenSite+ delivers projects up to 10 times faster [89] AI Implementation & Concerns - 40% of respondents believe AI is a major consideration, and they are actively adapting their business model for significant future disruption [55] - Security and data privacy risks are the primary concerns across all firms adopting AI, with 45.7% of respondents indicating this concern [99] - 27.9% of respondents believe that faster AI adoption by competitors will surpass them in data-driven decision-making [45, 50]

Financial Performance - Q3 2025 revenue grew by 13% year-over-year[15], with referral revenues increasing by 14% in the Americas, 12% in Rest of World, and 9% in Developed Europe[15] - Adjusted EBITDA improved by 18% in Q3 2025[15] - Total revenue for Q3 2025 was €165.6 million, compared to €146.1 million in Q3 2024[17] - Year-to-date total revenue increased to €429.0 million in 2025 from €366.1 million in 2024[17] - Adjusted EBITDA for Q3 2025 was €16.0 million, up from €13.6 million in Q3 2024[18] - Net income for Q3 2025 was €11.0 million, compared to a loss of €15.4 million in Q3 2024[19] - The company is targeting at least €20 million of adjusted EBITDA for 2026[15] Strategic Initiatives and Outlook - The company expects mid-teens revenue growth and at least €10 million of adjusted EBITDA for full-year 2025[15] - The company completed the acquisition of Holisto Ltd on July 31, 2025, renaming it trivago DEALS Ltd[47] - The company's LTM (Last Twelve Months) total revenue as of Q3 2025 is €524 million, a 14% increase[30]

Q3 2025 Financial Performance - Revenue reached $269.2 million, a 32.0% year-over-year increase[9] - Total shipments amounted to $263.1 million, up 1% year-over-year[9] - GAAP gross margin was 42.0%, compared to 51.4% in Q3 2024[9] - Non-GAAP gross margin was 42.1%, versus 51.6% in Q3 2024[9] - GAAP operating income was $28.9 million, down 34.5% year-over-year, representing 10.7% of revenue[9] - Non-GAAP operating income was $36.5 million, a 34.9% decrease year-over-year, accounting for 13.6% of revenue[9] - Diluted GAAP earnings per share were $0.52, compared to $0.45 in Q3 2024[9] - Diluted non-GAAP earnings per share were $0.36, down from $0.63 in Q3 2024[9] Revenue Breakdown by Category - Cleaning revenue was $181.6 million, up 12.8%, representing 67% of total revenue[12] - ECP, Furnace & Other revenue was $59.9 million, a 73.0% increase, accounting for 22% of total revenue[12] - Advanced Packaging & Other revenue was $27.7 million, up 230.6%, making up 10% of total revenue[12] Future Outlook and Targets - The company updated its 2025 revenue guidance range to $875 million - $925 million[32] - The long-term revenue target is greater than $4 billion[16] - Estimated 2025 Serviceable Available Market (SAM) of $20 billion is addressed by the company's current product portfolio[14]

Q3 2025 Financial Performance - Trimble's Q3 2025 as-adjusted revenue reached $901 million, reflecting an organic growth of 11%[16] - The company's as-adjusted Annual Recurring Revenue (ARR) stood at $2310 million, with an organic growth of 15%[12, 16] - Non-GAAP gross margin improved to 712%, a 90 basis points increase year-over-year[16] - Non-GAAP operating income margin expanded to 282%, a 140 basis points increase year-over-year[16] - Adjusted EBITDA margin increased to 299%, a 160 basis points increase year-over-year[16] Balance Sheet and Cash Flow - Year-to-date free cash flow was $206 million[20] - Cash and equivalents totaled $233 million, with total debt at $1392 million, resulting in net debt of $1159 million[20] FY25 Outlook - The company updated its FY25 revenue outlook to $3522 to $3562 billion[33] - The company expects organic ARR growth of 13% to 15%[33]

Financial Performance Highlights - Bunge reported Q3 2025 adjusted EPS of $2.27, compared to $2.29 in Q3 2024[10] - Adjusted Segment EBIT was $924 million in Q3 2025, versus $559 million in Q3 2024[10] - For the first nine months of 2025, adjusted EPS was $5.56, compared to $7.06 for the same period in 2024[10] - Adjusted Total EBIT for the trailing twelve months (TTM) ending Q3 2025 was $1857 million, with an adjusted EPS of $7.52[15,89] Segment Performance - Soybean Processing and Refining's EBIT was $478 million in Q3 2025, up from $286 million in Q3 2024[10] - Softseed Processing and Refining's EBIT was $275 million in Q3 2025, compared to $133 million in Q3 2024[10] - Grain Merchandising and Milling's EBIT was $120 million in Q3 2025, up from $77 million in Q3 2024[10] Financial Position - Net Debt stood at $12.4 billion at the end of Q3 2025, exceeding Readily Marketable Inventory (RMI) by $0.9 billion[26] - The Adjusted Leverage Ratio was 2.2x[26] Outlook - Bunge continues to forecast full-year 2025 adjusted EPS in the range of $7.30 to $7.60, reflecting an expected second half adjusted EPS in the range of $4.00 to $4.25[9]