July 30, 2025 Proprietary & Confidential Chairman, President & Chief Executive Officer Chief Financial Officer This communication contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company's future results, financial condition, sales, earnings, free cash flow, margins, objectives, goals, strategies, beliefs, intentions, plans, ...

This presentation also contains the non-GAAP financial measures "EBITDA", "Adjusted EBITDA", "Adjusted Operating Expenses", "Net Debt Leverage" and "Free Cash Flow" on a historical basis. Management believes that EBITDA, Adjusted EBITDA, Adjusted Operating Expenses, Net Debt Leverage and Free Cash Flow are each a measure commonly reported by issuers and widely used by investors as indicators of a company's operating performance. These non-GAAP financial measures, while providing useful information, should n ...

Financial Performance Highlights - Total revenues for fiscal year 2025 reached $20561 million, a 7% increase year-over-year[14] - Adjusted EBIT for fiscal year 2025 was $5347 million, a 9% increase year-over-year, with a margin expansion of 50 basis points[14] - Adjusted diluted EPS for fiscal year 2025 was $1001, a 9% increase year-over-year[14] - In Q4 2025, total revenues were $5127 million, an 8% increase year-over-year[10] - Q4 2025 adjusted diluted EPS was $226, an 8% increase year-over-year[10] Segment Results - Employer Services (ES) revenue grew by 7% for fiscal year 2025 and 8% for Q4 2025[8, 17] - ES retention rate was 921%[8] - Professional Employer Organization (PEO) revenue grew by 7% for both fiscal year 2025 and Q4 2025[8, 27] - Average worksite employees (WSEs) in PEO reached 761000, a 3% increase[34] Fiscal Year 2026 Outlook - The company anticipates total ADP revenue growth of 5% to 6%[36] - Adjusted EBIT margin is expected to increase by 50 to 70 basis points[36] - Adjusted diluted EPS is projected to grow by 8% to 10%[36] - Client Funds Interest Revenue is expected to be between $1290 million and $1310 million[36]

Financial Performance - Second quarter net sales increased by 8% year-over-year, reaching $445 million compared to $412 million in 2024[6] - Core sales also grew by 8% year-over-year in the second quarter[6] - Adjusted EBITDA for the second quarter increased by 13% year-over-year, reaching $118 million compared to $104 million in 2024, with a margin of 26.5%, up 120 bps[6] - First half net sales increased by 6% year-over-year, reaching $833 million compared to $786 million in 2024[6] - First half Adjusted EBITDA increased by 11% year-over-year, reaching $216 million compared to $194 million in 2024, with a margin of 25.9%, up 120 bps[6] - The company expects full year 2025 Adjusted EBITDA to be between $420 million and $430 million[26] - The company expects full year 2025 Free Cash Flow to be $300 million[26] Strategic Initiatives - The company launched Elkay Pro Filtration[5] - The company repurchased $33 million of shares in Q2, representing approximately 1 million shares, and $110 million in H1, representing approximately 3.2 million shares[5] - The company is navigating the tariff environment effectively[5] - The company is reducing China direct material spend and is on track to be under $30 million (2-3% of COGS) by the end of 2026[24] Sustainability Impact - 86% of revenue comes from products with sustainable attributes[12] - The company's products saved 16.6 billion gallons of water[12] - The company's filters delivered 1.2 billion gallons of safer, cleaner filtered water[12] - The company prevented 9.6 billion single-use plastic water bottles[12]

Portfolio Overview - LXP Industrial Trust has gross assets of $4.8 billion and owns 116 properties, with 100% focused on industrial real estate[7] - The portfolio consists of 56.4 million square feet of space, with 48% of tenancy from investment-grade companies[8] - 92% of the portfolio is classified as Class A properties[7] - The portfolio is 94.1% leased with an average rent of $5.14 per square foot[17] Financial Performance and Growth Drivers - The company produced same-store NOI growth of 4.7%[11] - LXP extended 1.3 million square feet of leases year-to-date, increasing Base and Cash Base Rents by 41% and 46%, respectively[11] - Leases expiring through 2030 are estimated to have a ~17% current mark-to-market, potentially increasing initial annual cash rent by $32 million[15, 53] - The company repurchased $28 million of floating rate Trust Preferred Securities at a 5% discount to par[11] Strategic Focus and Market Positioning - LXP is focused on 12 target markets in the Sunbelt and lower Midwest, where population and job growth are 2.3x and 1.7x the national average, respectively[12] - There is $150 billion of advanced manufacturing investment announced in LXP's target markets[12] - The company sold one property for $40 million at a cash capitalization rate of 4.3%[11] - The company has 514 acres of development land available, including 315 acres in Phoenix[68]

Financial Performance - Revenue decreased by 8% to $282 million in Q2 2025[9, 11], driven by a 13% decrease in OEM revenue[9, 11] - Commercial Channel revenue was flat[11] - Gross profit decreased due to lower OEM channel revenue and higher manufacturing costs[11] - R&D expenses decreased primarily due to reduced headcount and lower spend associated with product development and regulatory activities[11] - SG&A expenses decreased due to a prior year one-time, non-recurring expense along with cost actions taken in the past year[11] - Adjusted EBITDA was $02 million[9] - Adjusted EPS was $(013)[9] Business Updates - Regenerative Solutions portfolio grew 41% year-over-year[8] - International OA Pain business grew 5% sequentially, but was down 10% year-over-year due to 2024 order timing and temporary production yield issues[8] - Integrity Implant System is exceeding launch expectations and outpacing the market, on pace to more than double in 2025[8] - Hyalofast FastTRACK study did not meet pre-specified co-primary endpoints for KOOS Pain and IKDC Function[6]

Financial Performance - Q2 2025 - Revenues decreased slightly to $3,039 million, a marginal decrease from $3,048 million in 2Q 2024[8] - Rental days remained almost flat at 44,945 thousand, compared to 45,034 thousand in 2Q 2024[8] - Revenue per day excluding exchange rate effects decreased by 1% to $6706 from $6769 in 2Q 2024[8] - Adjusted EBITDA increased by 29% to $277 million from $214 million in 2Q 2024[8] Regional Performance - Americas revenues decreased by 1% to $2,332 million from $2,361 million in 2Q 2024, but improved sequentially throughout the quarter[9] - International revenues excluding exchange rate effects decreased by 1% to $682 million from $687 million in 2Q 2024, driven by Global Rightsizing initiatives[10] - International Adjusted EBITDA increased significantly by 71% to $82 million from $48 million in 2Q 2024, driven by segmentation strategy and lower fleet costs[10] Fleet and Utilization - Average rental fleet decreased by 1% to 698,633 vehicles from 705,145 in 2Q 2024[8] - Vehicle utilization improved to 707%, a 05 percentage point increase from 702% in 2Q 2024[8] - Per-unit fleet costs per month excluding exchange rate effects decreased by 13% to $300 from $346 in 2Q 2024[8] Liquidity and Outlook - Adjusted Free Cash Flow was $(475) million, reflecting a decision to invest approximately $500 million of corporate debt into vehicle programs, expected to reverse by year-end[11] - The company anticipates full year 2025 Adjusted EBITDA to be approximately $900 million - $1,000 million and per-unit fleet costs per month to be approximately $310-$320[16]

Financial Performance - Northwest Bancshares' total assets reached $14.5 billion for the quarter ended June 30, 2025[6] - Diluted EPS was $0.26, with an adjusted (non-GAAP) EPS of $0.30[6] - Net interest margin (NIM) stood at 3.56%[6] - Revenue increased by 53.5% year-over-year (YoY)[18], driven by higher average loan yields and reduced deposit costs[16] Balance Sheet and Loan Portfolio - Total deposits amounted to $12.2 billion[6] - Total loans reached $11.3 billion[6] - Commercial C&I loan growth increased by 19% YoY[16] - Average loans grew by $72 million quarter-over-quarter (QoQ), with a shift towards commercial loans[19] Penns Woods Acquisition - The merger with Penns Woods successfully closed on July 25, 2025[12] - Equity consideration paid for the acquisition was $230.2 million[12] - The acquisition is expected to result in a 23.4% EPS accretion in 2026[12] - Anticipated cost savings from the merger are projected to be $13 million in 2026, representing 40% of Penns Woods' non-interest expense (NIE)[12]

Financial Performance - Sales increased to $301.0 million, a 2.7% increase compared to $293.2 million in Q1FY25 [13] - Same-store sales increased by 5.7% compared to a decrease of 9.9% in Q1FY25 [11, 13] - Gross margin decreased by 170 bps to 35.5% [13] - Adjusted diluted EPS remained flat at $0.22 [13] Strategic Initiatives - Successfully closed 145 underperforming stores by the end of May [6] - Expects store optimization plan to reduce total sales by approximately $45 million in fiscal 2026 [19] - Reduced inventory levels by approximately $10 million [11] Capital Allocation and Liquidity - Received approximately $3 million in divestiture proceeds [17] - Capital expenditures totaled approximately $7 million [17] - Principal payments for financing leases amounted to approximately $10 million [17] - Paid approximately $9 million in dividends [17] - Availability under the credit facility was approximately $398 million, with cash and equivalents of approximately $8 million as of June 2025 [17]

Financial Performance - AerCap reported a GAAP EPS of $7.09 and an adjusted EPS of $2.83 for Q2 2025[10] - Net income for Q2 2025 was $1.259 billion, or $7.09 per share[16] - Adjusted net income for Q2 2025 was $502 million, or $2.83 per share[16] - The company is raising its 2025 adjusted EPS guidance to approximately $11.60, excluding any additional gains on sale[10, 21] - Q2 2025 operating cash flow was $1.3 billion[20] Transactions and Portfolio - AerCap leased, purchased, and sold a total of 116 assets in Q2 2025[11] - Sales in Q2 2025 amounted to $374 million, with an 18% gain-on-sale margin and a 1.7x book equity multiple[10] - New technology assets comprise approximately 75% of the total fleet[33] Capital Structure and Liquidity - The company has a strong liquidity position, with a next 12 months' sources-to-uses coverage of 1.9x and approximately $22 billion in sources of liquidity[17] - The adjusted leverage ratio is 2.2x[20] - AerCap repurchased 4.7 million shares in Q2 2025 for a total of $445 million[20] - Secured debt-to-total-assets ratio of approximately 11%[20]