November 2025 Transportadora de Gas del Sur S.A. Investor Presentation Investor Presentation November 2025 CIESA (Holding Co.) Pampa Energía 50% Sielecki 27.1% Safra 22.9% 53.83% 2 Shareholders and Management Argentine Pension Fund Free Float 25.33% 20.84% Ownership structure Strong sponsorship from shareholders Seasoned management • Pampa Energía is a leading energy company with upstream O&G production providing experienced support. • Sielecki group is a large player in the petrochemical and pharmaceutical ...

Financial Performance - Q3 2025 - Revenue reached $279.4 million, a 5% increase quarter-over-quarter and a 23% increase year-over-year[47, 50] - Non-GAAP gross margin was 42.1%, up 95 bps year-over-year[47, 50] - Non-GAAP operating margin was 5.4%, exceeding the midpoint of the prior outlook[47, 50] - Non-GAAP EPS was $0.05, improved from a loss of $0.07 year-over-year[47, 50] - Free cash outflow was $5 million in Q3 2025[70] Revenue Breakdown - Q3 2025 - Optical Networking Solutions accounted for 37% of revenue[52, 53] - Subscriber Solutions accounted for 36% of revenue[52, 53] - Access & Aggregation accounted for 27% of revenue[52, 53] - US revenue was 43% of total revenue, while non-US revenue was 57%[63] - Large service providers contributed 39% of revenue, regional service providers 42%, and enterprise/ICPs 19%[64] Q4 2025 Outlook - Revenue is projected to be between $275 million and $285 million[73] - Non-GAAP operating margin is expected to be between +3.5% and +7.5%[73]

Financial Highlights - Embraer reported strong sales momentum with higher backlog across all business units (BUs) [4] - The company achieved an all-time high 3Q revenues in Executive Jets, approximately $580 million [9] - The company's backlog reached $15.2 billion [10] - Commercial Aviation revenue increased by 31% year-over-year, with an EBIT of $8 million [25] - Defense & Security revenue increased by 27% year-over-year, with an EBIT of $36 million [32] - Services & Support revenue increased by 16% year-over-year, with an EBIT of $68 million [34] - Net revenues increased by 18% from $1.692 billion to $2.004 billion [47] Operational Performance - Executive Aviation delivered over 2,000 business jets [9] - Commercial Aviation deliveries increased by 25% [42] - Aircraft deliveries increased by 16% due to driving efficiency [20] - Average shortages were reduced by 25% [21] Strategic Initiatives - The company is focused on capacity increase and supply chain management [5] - The company is focused on midterm growth and long-term innovation [8]

Company Overview - XPLR Infrastructure operates approximately 10 GW of clean energy assets across 28 U S states[10, 11] - The company is the 3rd largest producer of wind and solar energy in the U S , with approximately 8 0 GW of wind, 1 7 GW of solar, and 0 2 GW of storage[11] - XPLR Infrastructure's net asset book value is approximately $18 billion, with an enterprise value of approximately $14 billion[12] - The company's TTM Adjusted EBITDA is approximately $2 billion, and TTM Free Cash Flow Before Growth (FCFBG) is approximately $0 8 billion[12] Portfolio and Strategy - XPLR Infrastructure's portfolio is diversified across technologies, U S regions, and 94 projects, with wind accounting for 80%, solar for 17%, and battery storage for 3%[16] - The company has long-term O&M agreements and a weighted average PPA life of approximately 12 years, with 100% of cash flows denominated in USD[18] - XPLR Infrastructure has interest rate hedges of approximately $3 0 billion[18] - The company's capital allocation strategy focuses on simplifying the capital structure, investing in existing assets, investing in clean energy assets, and returning capital to unitholders[26] Financial Performance and Outlook - XPLR Infrastructure completed approximately 960 MW of repowering projects to date toward the approximately 1 6 GW announced repowering program[42] - The company reaffirms its financial expectations for 2025 with Adjusted EBITDA between $1 85 billion and $2 05 billion[48] - XPLR Infrastructure expects Adjusted EBITDA between $1 75 billion and $1 95 billion and FCFBG between $600 million and $700 million for 2026[48, 60]

Strategic Goals - Telefónica aims to become a "best-in-class European Telco" with profitable scale through its Strategic Plan '26-'30[68, 75, 98] - The company's mission is to deliver the best digital experience to its customers[60] - The company's vision is to become a world-class European Telco with profitable scale[64] Strategic Pillars & Targets - The plan focuses on six strategic pillars: Expand B2C offering, Scale B2B, Evolve Technological Capabilities, Simplify Telefónica's Operating Model, and Develop Talent[81, 85, 91] - The company aims for a 1.5-2.5% CAGR in revenues and adjusted EBITDA between 2025 and 2028, and 2.5-3.5% CAGR between 2028 and 2030[245, 247] - Telefónica targets a reduction in CapEx/Revenues down to approximately 12% between 2026 and 2028, and further down to approximately 11% in 2030[245, 247] - The company is targeting a 3-5% CAGR in Free Cash Flow (FCF) between 2025 and 2028[268, 301] Key Initiatives - Telefónica plans to grow its B2B share of total group revenue to approximately 26% by 2028 and approximately 27% by 2030[320, 321] - The company intends to improve the average NPS (Net Promoter Score) in ES, BR & DE by +10 points by 2028 and +6 points by 2030[319] - Telefónica is targeting a 10.2% Digital Services revenue CAGR between 2025 and 2028[320] Efficiency & Financial Strategy - The company plans a 25% reduction in OpEx related to the operating model in Corporate Centre and Global Business Units[215, 327] - Telefónica is committed to maintaining an investment-grade credit rating and targets a leverage ratio (Net debt / EBITDAaL) of approximately 25x in 2028[275, 294] - The company's dividend policy targets a payout of 40-60% of FCF base for dividend, with a DPS (Dividend Per Share) of €015 in 2026[286, 301]

2 Important information Forward-looking statements and other important information Third quarter 2025 results Roy Jakobs, Chief Executive Officer Charlotte Hanneman, Chief Financial Officer November 4, 2025 Table of contents | Third quarter 2025 performance | 4 | | --- | --- | | 2025 outlook | 19 | | Financial appendix | 23 | © Koninklijke Philips N.V. This document and the related oral presentation, including responses to questions following the presentation, contain certain forward-looking statements with ...

Welcome to Capital Markets Day 4 November 2025 Capital Markets Day 2025 08.50 Moderator Helena Norrman, Head of Group Communications Johnny Sjöström, President & CEO 09.40 Per Elfgren, Head of SSAB Special Steels 10.05 Tony Harris, Head of SSAB Europe 10.45 Chuck Schmitt, Head of SSAB Americas 11.05 Fredrik Haglund, President Tibnor 11.25 Sami Eronen, President Ruukki Construction 11.45 Q&A 12.45 Carl Orrling, CTO & Head of Transformation Office 13.05 Leena Craelius, CFO 13.25 Summary and Q&A 13.45 Presenta ...

***Este documento está clasificado como USO INTERNO por TELEFÓNICA. ***This document is classified as INTERNAL USE by TELEFÓNICA. Disclaimer This document and any related conference call or webcast (including any related Q&A session) has been prepared by Telefónica, S.A. ("Telefónica" or the "Company", and together with its subsidiaries the "Telefónica Group") exclusively for its use during the presentation of financial results. The Company does not assume any liability for the content of this document if u ...

Financial Performance & Transformation - NN's sales reached $424 million, supplemented by a $130 million joint venture, achieving an adjusted EBITDA of $48 million with an 11% margin[11] - NN achieved a 45% growth in adjusted EBITDA, demonstrating improved margins and positive free cash flow[7] - NN's Q3 2025 net sales were $103.9 million with an adjusted EBITDA of $12.4 million, representing an 11.9% margin[48] - NN's adjusted EBITDA margin increased by 170 bps to 11.9% in Q3 2025 compared to 10.2% in Q3 2024[51] - NN's Q3 2025 adjusted gross margin was 18.8%, a 350 bps increase compared to Q1 2025[48] Strategic Initiatives & Growth - NN secured $182 million in new business wins, reshaping the net sales profile[7] - NN is targeting organic sales growth to over $600 million and $1+ billion with M&A activities[25] - NN is launching over 150 programs in 2025/26, with a new standard operating procedure (SOP) exceeding $100 million[25] - NN anticipates $40-$50 million in revenue from new wins[20] Global Footprint & Market Focus - NN has a global footprint with approximately 65% of sales in North America, 10% in South America, 10% in Europe, and 15% in China[14] - NN's China JV has $130 million in sales (2025 estimate) and operates with a workforce of approximately 700 people[16]

Financial Performance - Grab's Q3 2025 revenue increased by 22% year-over-year to $873 million[31], or 17% on a constant currency basis[16] - On-Demand Gross Merchandise Value (GMV) grew by 24% year-over-year to $5774 million[31], or 20% on a constant currency basis[16] - Adjusted EBITDA increased by 51% year-over-year to $136 million[17] - Trailing 12-month Adjusted Free Cash Flow was $283 million, an increase of $185 million year-over-year[17] Segment Performance - Deliveries GMV grew by 26% year-over-year to $3733 million, or 22% on a constant currency basis[37] - Mobility GMV grew by 20% year-over-year to $2041 million, or 17% on a constant currency basis[40] - Financial Services loan portfolio increased by 65% year-over-year to $821 million[43] Deliveries Growth - Deliveries GMV growth accelerated for the third consecutive quarter to 22% year-over-year on a constant currency basis[21] - Deliveries Monthly Transacting Users (MTUs) grew by 17% year-over-year in Q3 2025[21] - Mart GMV growth is 1.5x higher year-over-year compared to Food Deliveries[25] Cash Liquidity - Gross Cash Liquidity stood at $7431 million as of September 30, 2025[32] - Net Cash Liquidity was $5294 million as of September 30, 2025[32] Outlook - The company projects 2025 revenue between $3380 million and $3400 million, representing a 21%-22% year-over-year increase[47] - The company projects 2025 Adjusted EBITDA between $490 million and $500 million, representing a 57%-60% year-over-year increase[47]