Q3 2025 Results Presentation November 4, 2025 Forward-Looking Statements The information in this presentation highlights the key growth strategies, projections and certain assumptions for the company and its subsidiaries, including with respect to the benefits of acquisitions. Many of these highlighted statements and other statements not historical in nature are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes th ...

Financial Performance - Eaton reported record adjusted earnings per share of $3.07 in Q3 2025, an increase of 8% compared to Q3 2024[5] - The company's segment margins reached a quarterly record of 25.0%, up 70 bps from Q3 2024[5] - Sales for Q3 2025 were $6.988 billion, a 10% increase over Q3 2024, with organic growth contributing 7%[28] - Eaton reaffirms its 2025 full-year adjusted earnings per share outlook of $11.97 to $12.17 and organic growth of 8.5% to 9.5%[6, 40] Acquisition and Market Growth - Eaton signed an agreement to acquire Boyd Thermal, a leader in liquid cooling solutions, with estimated 2026 sales of $1.7 billion and an adjusted EBITDA margin of approximately 25%[6, 10] - The data center liquid cooling market is projected to grow at approximately 35% annually through 2028, reaching over $6 billion[12] Segment Performance - Electrical Americas segment sales increased by 15% to $3.410 billion in Q3 2025, with organic growth of 9%[29, 31] - Aerospace segment sales increased by 14% to $1.079 billion in Q3 2025, with organic growth of 13%[33] - Vehicle segment sales decreased by 8% to $639 million in Q3 2025, with organic decline of 9%[34, 35] - eMobility segment sales decreased by 19% to $136 million in Q3 2025, with organic decline of 20%[36]

Boise Cascade Company Third Quarter 2025 Earnings Webcast November 4, 2025 Forward-Looking Statements This presentation contains statements concerning future events and expectations, including, without limitation, statements relating to fourth quarter 2025 outlook and expected key drivers for Boise Cascade and each of its business segments. These statements constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involv ...

2025 Q 3 R E S U L T S P R E S E N T A T I O N N O V E M B E R 4 , 2 0 2 5 C A U T I O N A R Y S T A T E M E N T 2 F O R W A R D - L O O K I N G S T A T E M E N T S This presentation contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with respect to future events or future performance, includ ...

3rd Quarter 2025 Results Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include the timing and extent of changes in market prices for oil and gas, operating risks, liquidity risks, including risks relating to our debt, political and regulatory developments and legislation, and other risk factors and known trends and uncertainties as described in our Annual Report on Form 10-K for fiscal year 2024 and as updated and supplemented in o ...

Financial Performance Highlights - Revenues for the third quarter of 2025 reached $14631 million, a 24% increase compared to $11791 million in the third quarter of 2024[2] - Net Revenues for the third quarter of 2025 were $12589 million, up 19% from $10580 million in the same period of 2024[2] - Adjusted EBITDA for Q3 2025 was $1911 million, a 24% increase year-over-year from $1546 million[2] - Adjusted EPS for Q3 2025 increased by 24% to $164, compared to $132 in Q3 2024[2] - GAAP Operating Earnings for Q3 2025 decreased by 5% to $1047 million, compared to $1097 million in Q3 2024[2] - For the nine months ended September 30, 2025, GAAP diluted EPS decreased by 52% to $082, compared to $173 in the same period of 2024[2] Segment Performance - Engineering revenue increased by 54% to $4881 million in Q3 2025, driven by strategic acquisitions and organic performance[8, 9] - Real Estate Services revenue increased by 14% to $8386 million in Q3 2025, driven by transaction activity[8, 9] - Investment Management revenue increased by 7% to $1363 million in Q3 2025, supported by higher fee-paying assets under management[8, 9] Capitalization and Liquidity - The company's leverage ratio is 23x[20, 21] - The company has $950 million of available liquidity under revolving credit facility[21]

Financial Performance - Operating EPS was $129, up 16% compared to the third quarter of 2024[12, 22] - Operating EPS excluding significant items was $096, up 4% compared to the third quarter of 2024[12, 22] - The operating return on equity excluding significant items was 112%[12] - The company returned $76 million to shareholders in the quarter and $310 million year-to-date[12] - Book value per diluted share excluding AOCI was $3810, up 6%[12] Growth & Sales - Total new annualized premiums (NAP) increased by 26%[12] - Direct-to-consumer (D2C) NAP increased by 56%, reaching record levels[12, 15] - Worksite Division NAP increased by 20%[12, 16] - Client assets in brokerage and advisory increased by 28%[12, 60] Investment & Capital - Average yield on allocated investments was 491%, compared to 481% in the third quarter of 2024, an increase of 10 bps[13, 34] - The new money rate was 620%, compared to 650% in the third quarter of 2024[13, 34] - The consolidated Risk Based Capital (RBC) ratio was 380%[40]

Asset & Production - Vitesse's estimated 2025 net production is between 17000 and 17500 MBoe/d[15] - The company estimates having over 200 net two-mile-equivalent undeveloped locations[15, 16] - Vitesse has interests in 7612 productive wells, averaging a 3.6% working interest per well[16] - Over 80% of Vitesse's assets are comprised of undeveloped resources[8, 23] - Vitesse's acreage is primarily in the core of the Williston Basin[11, 17] Financials - The company's 1P PV-10 is $806 million[15] - The PDP PV-10 is $609 million[15] - Vitesse aims for a net debt to adjusted EBITDA ratio of less than 10x[10, 23] - Vitesse offers a fixed dividend of $05625 per share quarterly[10, 23] - Vitesse insiders own more than 25% of the outstanding shares[24]

Financial Performance - Crescent Energy's Q3'25 performance exceeded expectations, generating $487 million in Adjusted EBITDAX[14] - The company reported $204 million in Levered Free Cash Flow in Q3'25[14] - Crescent Energy paid a fixed quarterly dividend of $0.12 per share, resulting in a 6% fixed dividend yield[14] - The company paid down over $150 million in debt during Q3[13] Strategic Acquisitions and Divestitures - Crescent Energy announced the acquisition of Vital Energy for approximately $3.1 billion[13] - The company signed over $700 million in accretive divestitures during Q3'25[13] - Year-to-date, Crescent Energy has signed over $800 million in non-core divestitures[19] Operational Highlights - Q3'25 average production was 253 Mboe/d, with 41% oil and 58% liquids[14] - Eagle Ford well performance has increased by approximately 20% year-over-year[37] - Crescent Energy achieved approximately 15% DC&F savings year-to-date in both the Eagle Ford and Uinta basins[35, 42] Balance Sheet and Capital Management - Crescent Energy's net LTM leverage ratio is 14x[14] - The company has approximately $20 billion in liquidity[14] - The borrowing base was increased to $39 billion pro forma for the Vital Energy acquisition[13]

Gabelli's 49th Annual Auto Symposium NOVEMBER 4, 2025 Safe Harbor This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. MP Materials Corp. (the "Company," "we," "us" and "our") intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-l ...