Financial Performance - Net sales for Q3 2025 were $24763 million, a decrease of 47% compared to Q3 2024[7] - Operating income for Q3 2025 was $1516 million, a 321% increase compared to Q3 2024[7] - Adjusted operating income for Q3 2025 was $1850 million, a 287% increase compared to Q3 2024[7] - Year-to-date net sales in 2025 were $71618 million, an 184% decrease compared to the same period in 2024[7] - Year-to-date adjusted operating income was $4859 million, a 359% decrease compared to the same period in 2024[7] - The company generated $65 million in free cash flow through September YTD 2025[34] Market Overview - North America industry tractor sales are down approximately 10% year-to-date in September 2025 compared to 2024[9] - Brazil industry tractor sales are down approximately 29% year-to-date in September 2025 compared to 2024[9] - Western Europe industry tractor sales are down approximately 8% for tractors and up 3% for combines year-to-date in September 2025 compared to 2024[9] Strategic Initiatives - The company is executing a restructuring program expected to capture $175-200 million in expense savings[17]

October 2025 Corporate Presentation Disclaimer This presentation (including any oral commentary that accompanies this presentation) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the planned completion of the transactions contemplated by the transaction ...

Financial Performance - The company's total Adjusted EBITDA decreased from $336 million in Q2 2025 to $217 million in Q3 2025, a decrease of $119 million[6] - Net sales decreased from $1,884 million in Q2 2025 to $1,717 million in Q3 2025[7] - Net contribution to earnings before special items decreased from $165 million in Q2 2025 to $55 million in Q3 2025, a decrease of $110 million[6, 7] - Diluted EPS before special items decreased from $012 in Q2 2025 to $006 in Q3 2025[7] Segment Performance - Timberlands Adjusted EBITDA decreased slightly from $152 million in Q2 2025 to $148 million in Q3 2025, a decrease of $4 million[6] - Real Estate, Energy & Natural Resources (ENR) Adjusted EBITDA decreased significantly from $143 million in Q2 2025 to $91 million in Q3 2025, a decrease of $52 million[6] - Wood Products Adjusted EBITDA decreased dramatically from $101 million in Q2 2025 to $8 million in Q3 2025, a decrease of $93 million[6] Timberlands - Timberlands' total sales increased from $529 million in Q2 2025 to $536 million in Q3 2025[18] - Adjusted EBITDA margin percentage for Timberlands decreased from 29% in Q2 2025 to 28% in Q3 2025[18] Real Estate, Energy & Natural Resources (ENR) - Real Estate Adjusted EBITDA decreased from $113 million in Q2 2025 to $56 million in Q3 2025[30] - Total sales for Real Estate & ENR decreased from $154 million in Q2 2025 to $103 million in Q3 2025[32] Wood Products - Wood Products Adjusted EBITDA decreased from $101 million in Q2 2025 to $8 million in Q3 2025[38] - Lumber sales realizations decreased 11% from Q2 2025 to Q3 2025[41]

Financial Performance - Adjusted operating income, excluding notable items, was $6371 per diluted share[15] - Trailing twelve month adjusted operating ROE, excluding notable items, was 142%[15] - The company deployed approximately $17 billion of capital during the quarter into in-force block transactions, including $15 billion into the EQH transaction[15] Business Growth and Momentum - Traditional premium growth was 85% year-to-date on a constant currency basis[15] - Value of In-force Business Margins increased by $61 billion, or 162%, to $437 billion in the first nine months of the year[15] Capital Management - Estimated deployable capital is $34 billion[15] - Estimated excess capital totaled $23 billion[15] - The company repurchased $75 million of common shares[15] Investment Portfolio - Assets under management are approximately $132 billion[31] - Over 94% of fixed maturity securities are rated investment-grade[31] - The company experienced Q3 impairments and change in allowances of $35 million[35]

Financial Performance & Portfolio Highlights - Net income attributable to common stockholders was $762040 thousand for the three months ended September 30, 2025[17, 22] - Adjusted EBITDA attributable to common stockholders was $825582 thousand for the three months ended September 30, 2025[17, 24] - The company owns 93 experiential assets, including 54 gaming properties and 39 other experiential properties[12] - The portfolio features approximately 127 million square feet and approximately 60300 hotel rooms[12] - The portfolio has a 400 year weighted average lease term as of September 30, 2025[16] Capital Structure & Credit Metrics - Total debt was $17097906 thousand as of September 30, 2025[17, 35] - The company has a LQA Net Leverage Ratio of 50x as of September 30, 2025[17, 36] - The company's total liquidity was $3104483 thousand, including $2352094 thousand from the Revolving Credit Facility Capacity[35] Future Outlook - The company estimates AFFO for the year ending December 31, 2025, will be between $2510 million and $2520 million, or between $236 and $237 per diluted common share[32]

Financial Performance - Net income available to common stockholders for the third quarter of 2025 was $86 million, or $005 per share, compared to $112 million, or $007 per share, for the third quarter of 2024[13] - Funds From Operations (FFO) for the third quarter of 2025 was $1165 million, or $069 per share, compared to $1023 million, or $067 per share, for the third quarter of 2024[13] - Net income available to common stockholders for the nine months ended September 30, 2025, was $440 million, or $026 per share, compared to $323 million, or $021 per share, for the nine months ended September 30, 2024[13] - Funds From Operations (FFO) for the nine months ended September 30, 2025, was $3589 million, or $213 per share, compared to $3052 million, or $200 per share, for the nine months ended September 30, 2024[13] Portfolio and Leasing Activity - Same property net operating income (NOI) on a cash-basis increased 03% for the third quarter of 2025[13] - Second generation net rent per square foot on a cash-basis increased 42% for the third quarter of 2025[13] - The company executed 551000 square feet of office leases during the third quarter of 2025[13] - Same property net operating income (NOI) on a cash-basis increased 12% for the nine months ended September 30, 2025[13] - Second generation net rent per square foot on a cash-basis increased 49% for the nine months ended September 30, 2025[13] - The company executed 1425000 square feet of office leases during the nine months ended September 30, 2025[13] Investment and Capital Activities - The company repaid in full $2500 million of 391% privately placed senior notes on July 7, 2025[16] - The company acquired The Link, a 292000 square foot lifestyle office property in Uptown Dallas, for $2180 million on July 28, 2025[16]

Vale's 3Q25 Performance October 31st, 2025 Disclaimer To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F." (a) the countries where we operate, especially Brazil, Canada and Indonesi ...

Financial Highlights - TFI International achieved an operating margin of 85% [11] - The company's Free Cash Flow (FCF) yield is 108% [11] - FCF conversion rate reached 871% [11] - The company has access to US$09 billion in revolving credit facilities [11] - The annual forward dividend yield is 21% [11] Growth and Acquisitions - TFI International has completed 94 acquisitions since 2016, including 5 major acquisitions (defined as having a purchase price of US$2000 million and over) [11, 21] - The company's strategy focuses on acquisitions that are immediately accretive to EPS and free cash flow [21] - Since 2017, US$25 billion has been returned to shareholders [11] Operational Overview - Less-Than-Truckload segment accounts for 41% of Year-to-Date (YTD) Q3-2025 revenue [23, 33] - Truckload segment represents 39% of YTD Q3-2025 revenue [23, 37] - Logistics segment contributes 20% of YTD Q3-2025 revenue [23, 42] - E-commerce revenue reached US$466 million TTM 3Q25 [59]

October 2025 Investor Presentation Forward-Looking Statements This presentation has been prepared by Xenia Hotels & Resorts, Inc. (the "Company" or "Xenia") solely for informational purposes. This presentation contains, and our responses to various questions from investors may include, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this presentation include, among others, statements about our plans, strategies, or other ...

Financial Performance - Net income available to common stockholders was $48 million, or $0.34 per diluted share[12] - Distributable Earnings were $42 million, or $0.30 per diluted share[12] - Declared common stock dividends of $0.25 per share, implying a dividend yield of 9.9%[12] Loan Portfolio - Total loan portfolio was $8.3 billion with a weighted-average unlevered all-in yield of 7.7%[12] - 98% of the portfolio consists of first mortgages and 98% is floating rate[12] - $1.0 billion in new loan commitments were closed in Q3, with $807 million funded at close, part of $3.0 billion committed year-to-date with $2.2 billion funded at close[12] - Loan repayments and sales totaled $1.3 billion in Q3, contributing to $2.1 billion year-to-date[12] Capitalization and Liquidity - Total common equity book value ended the quarter at $1.8 billion[12] - Total liquidity at the end of the quarter was $312 million, including $259 million in cash[12] - A new secured credit facility was closed, providing an additional $280 million of borrowing capacity[12] - Borrowing capacity under the revolving credit facility increased by $115 million to $275 million, extending the maturity date to August 2028[12] REO Overview - Total REO (Real Estate Owned) held for investment is valued at $846 million, with $403 million in debt, resulting in $443 million in equity[20]