Financial Performance - Q1 FY26 - Revenue reached $5.9 billion, a 5% year-over-year increase[11] - Adjusted operating margin was 2.6%[11], a decrease of 46 bps year-over-year[17] - Adjusted diluted EPS was $0.84, a 9% decrease year-over-year[11, 20] - SG&A expenses as a percentage of gross profit increased to 75.6% from 72.2% in Q1 FY25[13, 14] Regional and Segment Performance - Asia accounted for 49% of revenue[12], with a 10% year-over-year growth in constant currency[12] - Americas showed a 3% year-over-year revenue growth in constant currency[12] - EMEA region's revenue was flat year-over-year, but decreased by 6% in constant currency[7, 12] - Electronic Components segment revenue was $5.5 billion, a 5% increase year-over-year[12] - Farnell segment revenue was $399 million, a 15% increase year-over-year[12] Balance Sheet and Liquidity - Inventory was $5.4 billion, an increase of $185 million quarter-over-quarter[22] Outlook for Q2 FY26 - Sales are projected to be between $5.85 billion and $6.15 billion, with a midpoint of $6.00 billion[23] - Adjusted diluted EPS is expected to be between $0.90 and $1.00, with a midpoint of $0.95[23]

Investment Highlights - FCPT acquired $355 million of investments over the last 12 months as of September 30, 2025, with $82 million invested in Q3 2025 at a 6.8% cap rate[7] - The company raised $173 million in 2025 as of September 30, 2025, and has a total liquidity of $446 million, including $100 million of unsettled equity forwards as of October 28, 2025[7] - Annual base rent has grown from $94 million in 2015 to $256 million today, a 2.7x increase[8] - Enterprise value has increased from $1.3 billion in 2015 to $3.8 billion today, a 2.9x increase[8] Portfolio Composition - Olive Garden accounts for 32% of the Annual Base Rent (ABR), while LongHorn Steakhouse accounts for 9%[7] - The top 5 brands now represent approximately 53% of ABR, compared to 100% at inception[7] - The portfolio consists of 1,294 leases across 170 brands, generating an annual base rent of $255.6 million[26] - Restaurant properties make up 75% of the annual base rent, with 32% from Olive Garden, 9% from LongHorn, and 7% from Chili's[82, 25] Financial Position - Approximately 97% of total debt is fixed rate through Q3 2027 as of July 29[7] - The company has $339 million undrawn revolver and $144 million unsettled forward equity as of September 30, 2025[17] - Net debt to adjusted EBITDAre is 4.7x as of September 30, 2025[17] - The company maintains a conservative dividend payout ratio of approximately 80% of AFFO[69]

Financial Performance - Q3 2025 - The company reported adjusted earnings of $1 billion, or $2.52 per share, based on 406 million adjusted weighted-average diluted shares[22, 23] - Operating cash flow reached $1.2 billion[22] - Shareholder distributions totaled $751 million[22] - Capital expenditures and investments amounted to $541 million[22] - Net debt-to-capital ratio stood at 41%[22] Refining Segment - Refining crude utilization reached 99%, the highest quarterly level since 2018[16] - The company achieved a record year-to-date clean product yield of 86%[15, 48] - Refining adjusted controllable costs have been reduced by approximately $1 per barrel since 2022[16] Refining Margins - Worldwide realized refining margin was $12.15 per barrel in Q3 2025[52] - Worldwide refining indicator was $13.41 per barrel, with a market capture of 91%[55] - Atlantic Basin realized margin was $11.94 per barrel, with a market capture of 97%[57] - Gulf Coast realized margin was $8.74 per barrel, with a market capture of 86%[57] - Central Corridor realized margin was $15.82 per barrel, with a market capture of 101%[57] - West Coast realized margin was $12.31 per barrel, with a market capture of 69%[57] Outlook - Q4 2025 - The company anticipates refining crude utilization in the low to mid-90% range[30] - Refining turnaround expense is projected to be between $125 million and $145 million[30] - Corporate & Other costs are expected to be between $340 million and $360 million[30]

Financial Performance - Net income increased approximately 3%[19] - Pre-Provision, Pre-Tax Income decreased approximately 2%[19] - Net Interest Margin increased six basis points to 300%[19] - Net Interest Income decreased approximately 1%[19] - Non-Interest Income decreased approximately 8%[19] Balance Sheet & Loan Portfolio - Loans Held for Investment balance remained virtually unchanged while the yield increased four basis points at September 30, 2025[46] - Total Deposits balance decreased approximately 2% and the cost decreased two basis points at September 30, 2025[46] - Total Borrowings balance remained virtually unchanged while the cost decreased four basis points at September 30, 2025[46] - As of September 30, 2025, Single-Family loans accounted for 53%, Multi-Family loans 40%, and Commercial Real Estate loans 7% of the loan portfolio[49] Capital Management - Provident Bank purchased approximately 67000 shares of common stock in the first quarter of fiscal 2026[95]

Investor Presentation Third Quarter 2025 These forward-looking statements are not guarantees of future performance and are based on expectations and assumptions Prosperity currently believes to be valid. Because forward-looking statements relate to future are not limited to, whether Prosperity can: successfully identify acquisition targets and integrate the businesses of acquired companies and banks; continue to sustain its current internal growth rate or total growth rate; quality could deteriorate; action ...

Q3:2025 Business Update and Financial Results October 29, 2025 Nasdaq: IONS 1 On Today's Earnings Call Eugene Schneider, M.D. Chief Clinical Development Officer Eric Swayze, Ph.D. Executive Vice President, Research 2 Richard Geary, Ph.D. Chief Development Officer Kyle Jenne Chief Global Product Strategy Officer Beth Hougen Chief Financial Officer Forward-Looking Statements This presentation includes forward-looking statements regarding our business, financial guidance and the therapeutic and commercial pote ...

Financial Performance - Core sales grew by 1.7% year-over-year, reaching $856 million[19,20] - Adjusted EBITDA increased to $196 million, resulting in a 22.9% adjusted EBITDA margin[21,22] - Adjusted earnings per share grew by 18% year-over-year to $0.39[23,24] Segment Performance - Power Transmission core sales increased by 2.3% year-over-year, with an adjusted EBITDA of $122 million and a 22.9% adjusted EBITDA margin, up 90 bps year-over-year[27] - Fluid Power core sales increased by 0.7% year-over-year, with net sales of $322 million, adjusted EBITDA of $74 million and a 22.9% adjusted EBITDA margin, up 100 bps year-over-year[29,31] Regional Performance - Greater China core revenue increased by 6.4%[34] - East Asia & India core revenue increased by 5.3%[34] - South America core revenue decreased by 3.9%[34] Capital Efficiency and Cash Flow - Free cash flow was $73 million for the quarter[45] - Net leverage declined to 2.0x, a reduction of 0.4x compared to Q3 2024[14,47] Guidance and Outlook - The company is updating its full-year guidance, reiterating the adjusted EBITDA midpoint and slightly reducing core sales growth and free cash flow conversion[14] - A new $300 million share repurchase program was announced[14]

Financial Performance - Net income for 3Q 2025 was $940 million, a 10% increase[12,14] - Adjusted EBITDA for 3Q 2025 was $2.12 billion, a 7% increase[13,14] - Adjusted EBITDA guidance for 2025 is in the range of $8 billion to $8.45 billion[20] Segment Performance - Natural Gas Liquids adjusted EBITDA was $748 million in 3Q 2025[13] - Natural Gas Gathering and Processing adjusted EBITDA was $566 million in 3Q 2025[13] - Refined Products and Crude adjusted EBITDA was $582 million in 3Q 2025[13] - Natural Gas Pipelines adjusted EBITDA was $200 million in 3Q 2025[13] Volume Growth - Gulf Coast/Permian region NGL volumes increased by 8% in 3Q 2025[14,33] - Rocky Mountain region NGL volumes increased by 5% in 3Q 2025[14,33] - Total natural gas volumes processed increased by 5% in 3Q 2025[14] Throughput Volumes - Total NGL raw feed throughput volumes increased from 1,527,000 bpd in 2Q 2025 to 1,574,000 bpd in 3Q 2025[28] - Total refined products volume shipped increased from 1,503,000 bpd in 2Q 2025 to 1,526,000 bpd in 3Q 2025[34] - Crude oil volume shipped increased from 1,782,000 bpd in 2Q 2025 to 1,813,000 bpd in 3Q 2025[34]

Financial Performance Overview - Net sales increased to $738.9 million, up from $658.0 million, representing a growth of approximately 12.3%[13] - Adjusted EBITDA grew by 4% to $103.8 million, compared to $99.8 million in the prior year[15] - Adjusted EPS increased by 9% to $1.06[15] Climate Solutions Segment - Climate Solutions revenue increased by 24%, driven by acquisitions and organic growth[6] - Organic growth within Climate Solutions was 15%, including a 42% increase in Data Centers[6] - Recent acquisitions contributed $28 million in sales to HVAC Technologies[10] - Climate Solutions adjusted EBITDA margin was 16.7%, down from 21.5% due to investments in Data Centers and integration costs[10] - The company expects data center sales to grow more than 60% this year[20] - The company is targeting more than $2 billion of data center revenue in FY28[6] Performance Technologies Segment - Performance Technologies revenues decreased by 4% to $286.3 million, aligning with market conditions[9, 12] - Adjusted EBITDA for Performance Technologies increased by 3% to $42.2 million, improving the margin by 90 bps to 14.7%[9, 12] - Cost reduction actions resulted in nearly $7 million lower SG&A expenses[12] Fiscal Year 2026 Outlook - The company raised its net sales outlook to +15% to +20%, projecting $2.97 billion to $3.10 billion[19] - Climate Solutions revenue outlook raised to +35% to +40%[20] - Performance Technologies revenue outlook adjusted to flat to (7%)[20] - Adjusted EBITDA outlook reaffirmed at $440 million to $470 million, representing a growth of 12% to 20%[19]

SUPPLEMENTAL SLIDES 3Q 2025 RESULTS October 29, 2025 LEGAL DISCLAIMER Forward-Looking Statements This presentation contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one ...