Financial Performance - Q2 GAAP basic income per share was $0.04, Distributable Earnings per share was $0.19, and Distributable EPS prior to charge-offs was $0.45[6] - Paid a Q2 dividend of $0.47 per share, equating to a 9.7% annualized dividend yield[6] - Book value per share was $21.04, incorporating $4.39 per share of CECL reserves[6] Portfolio Activity - Originated $2.2 billion and collected $1.6 billion of repayments in Q2, resulting in a quarter-end portfolio of $18.4 billion across 144 loans[6] - Acquired a $0.4 billion share of a performing senior loan portfolio from a US regional bank at a discount to par[6] - The portfolio is well-diversified, with 27% in multifamily, 20% in US office, and 18% in industrial properties[12] - Office exposure has decreased by 29% over the past year and now comprises 28% of the portfolio[13] Credit Quality - Resolved $0.2 billion of impaired assets in Q2 above aggregate carrying value, with total resolutions of $1.7 billion since Q3 2024, reducing the impaired loan balance by 55% from its peak[6] - CECL reserves remained stable QoQ at $755 million, representing 3.8% of the principal balance[6] - The performing loan portfolio stands at 94%[18] Capitalization and Liquidity - Maintained strong liquidity of $1.1 billion to support portfolio turnover into new investments[6] - Repriced $1.0 billion of Term Loan B, reducing the spread by 65bps and extending the maturity to 2030[6]

Q2 2025 Results and HDFS Transaction Announcement Wednesday, July 30, 2025 Q2 2025 PERFORMANCE HEADLINES 3 ▪ Delivered diluted EPS of $0.88 ▪ HDMC operating income margin of 5.9% ▪ HDMC revenue down 23% year-over-year ▪ Global motorcycle shipments decreased 28%, due primarily to planned dealer inventory reduction ▪ Global motorcycle retail sales down 15% year-over-year ▪ Global dealer inventories down 28%, compared to Q2 '24, as we continued to prioritize reducing global dealer inventory ▪ The cost of new o ...

Financial Performance - The company reported approximately $12 billion of adjusted EBITDAX for 2Q25[8] - Capital expenditures totaled approximately $727 million in 2Q25[8] - The company expects to increase net debt paydown to $1 billion in 2025[9] - $585 million was returned to shareholders through dividends and share repurchases in 1H25[9] - The company anticipates approximately $425 million improvement in FCF for 2025[8, 14] Operational Highlights - The company is the largest domestic natural gas producer, with production of approximately 72 Bcfe/d[8] - The company achieved its fastest drilling quarter in company history during 2Q25[9] - The company's annual synergy outlook increased to $600 million, expected by YE26[8] Production and Capital Allocation - The company anticipates full year 2025 production of approximately 71 Bcfe/d[12, 21] - The company reduced FY25 D&C capex spend by approximately $100 million[22] - The company has approximately 19 million net acres and approximately 71 Bcfe/d in 2025[12]

Altria's Second-Quarter and First-Half 2025 Earnings Conference Call July 30, 2025 1 | ALCS | Q2 2025 | 7.30.25 | For Investor Purposes ONLY Safe Harbor Statement Statements, including earnings guidance, in this presentation that are not reported financial results or other historical information are "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates and expectations, and are not guarantees ...

© 2025 CLEAN HARBORS – CONFIDENTIAL Forward Looking Statements and GAAP Disclaimer These slides contain (and the accompanying oral discussion will contain) forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "seeks," "will," "should," "estimates," "projects," "may," "likely," "potential," "outlook" or similar expressions. Such statements may include, but are not limited to, statements about the Company's future financi ...

Financial Performance - Total revenue increased by 12% year-over-year to $799 million in 2Q 2025[21, 35] - Tyvaso DPI®/ Nebulized Tyvaso® revenue increased by 18% year-over-year to $470 million in 2Q 2025[21, 35] - Remodulin® revenue decreased by 9% year-over-year to $135 million in 2Q 2025[21, 35] - Orenitram® revenue increased by 16% year-over-year to $124 million in 2Q 2025[21, 35] - Unituxin® revenue increased by 13% year-over-year to $58 million in 2Q 2025[21, 35] - The company has $50 billion in cash, cash equivalents, & marketable investments[22] - The company has $14 billion TTM operating cash flow[22] Pipeline and Clinical Trials - Tyvaso DPI has been studied and published at higher doses than Yutrepia[39] - The company has a $10 billion repurchase authorization through March 31, 2026[31] - TETON 1 and TETON 2 studies for Idiopathic Pulmonary Fibrosis (IPF) are fully enrolled with 598 and 597 patients respectively[73, 74, 127] - The ADVANCE OUTCOMES study for Ralinepag in Pulmonary Arterial Hypertension (PAH) is fully enrolled with approximately 700 patients[134] TPIP Concerns - TPIP phase 2b patients on active drug discontinued therapy 10% vs zero on placebo[98]

Financial Performance - The company secured revenues of $116.8 million [20] - The company's cash reserves stand at $149.6 million [20] - The company's net debt to market value ratio is 46% [20] - For the second quarter of 2025, the company reported a net income of $4.5 million, compared to a net loss of $2.8 million in the same period of 2024 [29] - Time charter revenues for the second quarter of 2025 were $54.7 million, slightly lower than the $56.0 million in the second quarter of 2024 [29] - For the six months ended June 30, 2025, time charter revenues were $109.6 million, compared to $113.6 million for the same period in 2024 [33] Fleet and Operations - The company's fleet has a carrying capacity of 4.1 million DWT [20] - The average age of the company's fleet is 11.66 years [20] - The average fleet utilization rate for the six months ended June 30, 2025, was 99.5% [20] - The company's fleet consists of 36 vessels [20] - The company sold m/v Selina for approximately $11.8 million [24] - As of July 22, 2025, the company has secured $66.1 million of contracted revenues for 69% of the remaining ownership days of 2025 and $49.9 million for 20% of the ownership days of 2026 [24] - The company declared a cash dividend of $0.01 per common share for the second quarter of 2025 [24] - The dry bulk orderbook as a percentage of the total fleet is 10.8% [58]

Overall Performance - Ferrovial's net debt ex-infrastructure projects reached -€223 million[7] - Highways, Airports and Construction all showed robust performance[7,9] - Dividends collected from projects totaled €323 million[9] - Shareholder distributions amounted to €334 million[9] Highways - US Highways' revenue increased by 15.9% LfL compared to H1 2024[12] - US Highways' Adjusted EBITDA increased by 14.0% LfL compared to H1 2024[12] - 97% of Highways' Adjusted EBITDA and 88% of Highways' revenue came from US assets[12] - Dividends from North American assets reached €240 million (€339 million in H1 2024)[12] 407 ETR - 407 ETR revenue increased by 19.7% to CAD 933 million in H1 2025[14] - 407 ETR EBITDA increased by 13.0% to CAD 765 million in H1 2025[14] - A CAD 45.2 million provision was accrued for Schedule 22 in H1 2025[17] - A CAD 200 million dividend was paid in H1 2025, a 14.3% increase from CAD 175 million in H1 2024[19] Construction - Construction revenue reached €3,453 million in H1 2025, a 2.6% LfL increase[37] - Construction Adjusted EBIT margin reached 3.5% in H1 2025[37]

Second Quarter 2025 Investor Presentation The Exchange at Gwinnett | Atlanta, GA Highlights Q2 2025 Highlights | $0.45 | Core FFO Per Share | | --- | --- | | $213 | Implied property value per square foot | | $19.35 | Cash ABR PSF | | ~190,000 | Square feet of comparable leasing activity | | 22% | Comparable leasing spread | | 83% | ABR from Georgia, Texas, Florida & North Carolina | | 93.9% | Leased Occupancy | | $4.6M | SNO Pipeline – 4.6% of in-place ABR | | 0.9% | Quarterly same-property NOI growth | | $ ...

Financial Performance - Q3 2025 - Net sales reached $1.19 billion, a decrease of 1% compared to Q3 2024[56] - Adjusted gross margin rate improved to 32.1%, an increase of 290 bps from Q3 2024[56] - Adjusted net income was $151.5 million, compared to $133.8 million in Q3 2024[56] - Adjusted diluted EPS was $2.59, compared to $2.31 in Q3 2024[56] - Adjusted EBITDA was $256.1 million, compared to $236.8 million in Q3 2024[56] Segment Performance - U S Consumer net sales increased by 1% in Q3 2025[64] - Hawthorne net sales decreased by 54% in Q3 2025[64] - Other segment net sales increased by 8% in Q3 2025[64] Strategic Focus & Outlook - The company aims for sustainable net sales growth, averaging 3% annually, focused on the consumer lawn & garden business[19] - The company expects approximately $75 million in additional supply chain cost savings over fiscal years 2026 and 2027[45] - The company anticipates approximately $250 million in free cash flow for fiscal year 2025[60] - The company projects an adjusted gross margin rate of approximately 30% for fiscal year 2025, targeting mid-30% by fiscal year 2027[60] - E-commerce penetration of POS dollars is at approximately 10% year-to-date[41]