COVID-19 Impact and Response - The COVID-19 pandemic has had an unprecedented impact on commercial aviation, with passenger traffic down approximately 95%[9] - The airline industry is expected to experience a revenue decline of $314 billion (55%) in 2020 due to the pandemic[9] - Gogo expects its Commercial Aviation (CA) sales to be down 60-70% in April due to the impact of COVID-19[12] - Prior to cost reductions, Gogo CA was losing $1 million per day[12] - Gogo has developed flexible action plans with "16 Levers" to manage costs, tied to revenue projections based on various scenarios[20] Financial Performance and Refinancing - Gogo successfully refinanced $162 million in convertible debt and $690 million in senior secured notes, pushing 80% of maturities to 2024[26] - Gogo improved its free cash flow by $163 million, from -$214 million to -$51 million[28] - Cash flow from operating activities improved by $146 million, from -$82 million to $64 million[28] - Adjusted EBITDA improved 104% to $146 million from $71 million in 2018[30] - Net loss improved to -$146 million from -$162 million in 2018[30] Strategic Initiatives - Gogo launched its Gogo 5G project, which is on target for a 2021 launch[29] - Gogo is focused on continuing its drive to positive free cash flow and taking advantage of consolidation in the IFEC and Satellite industries[35]

Business Transformation & Strategy - The company is continuing its transformation strategy while strengthening retail fundamentals[6] - Key initiatives include omni-channel marketing reinvention, customer experience improvements, capital allocation and debt pay down, and investments in culture, people, tech and processes[7] - The company has reduced inventory by $12.7 million year-over-year and reduced debt by $27.3 million[7] 2025 Plan & Growth Focus - The company aims to drive growth by focusing on hunting, fishing, and personal protection markets[9, 10] - The company's current market share in hunting is 4% of a $12 billion total addressable market[13] - The company's current market share in fishing is 1% of a $13 billion total addressable market[14] Hunting & Fishing Market Growth - Hunting participation increased from 10.6 million in 2016 to 14.4 million in 2022, with a CAGR of +5.2%[17] - Fishing participation increased from 34.7 million in 2016 to 39.9 million in 2022, with a CAGR of +5.2%[22] Reinforcing Local Knowledge & Expertise - The company aims to be known as the leading local expert for hunting & fishing solutions[28] - The company will reinforce local knowledge through assortment and outfitters as influencers[49] - 72% of U.S. firearm owners cite protection as the major reason for ownership[63]

Financial Performance - The company's total shareholder return was 347% in the five years ending December 2024[4] - The company's last twelve months (LTM) revenue was $6.6 billion[4] - The company's revenue compound annual growth rate (CAGR) from 2019 to LTM is 7%[4] - The Wood Products division's LTM revenue was $1.78 billion with a 15.1% LTM EBITDA margin, up from 8.8% in 2019[40] - The Building Materials Distribution (BMD) division's LTM revenue was $6.1 billion, with an 8.8% CAGR from IPO in 2013 to LTM[49] Capital Allocation and Share Growth - The company has invested $1.58 billion in the company via M&A/Capex and $1.35 billion in shareholder returns since 2019[4] - The company's sales per housing start have grown at a 5% CAGR[32] - The company's laminated veneer lumber (LVL) market share is 40% of industry production, and I-joist market share is 37% of industry production[41] Market Position and Strategy - Independent pro dealers account for 49% of the company's customer segments[36] - Engineered Wood Products (EWP) account for 62% of the Wood Products division's LTM sales[41] - General line products account for 43% of the Building Materials Distribution (BMD) division's LTM sales[50]

Financial Performance & Outlook - Q1 Fiscal 2026 net sales revenue was $371.7 million, a decrease of 10.8% compared to $416.8 million in Q1 FY25[37] - Adjusted diluted EPS declined 58.6% to $0.41, compared to $0.99 in Q1 FY25[37] - The company expects Q2 Fiscal 2026 net sales to be in the range of $408 million to $432 million, a decline of 14.0% to 8.9%[57] - Adjusted diluted EPS for Q2 Fiscal 2026 is projected to be $0.45 to $0.60, a decline of 62.8% to 50.4%[57] Tariff Impact & Mitigation - Tariff-related impacts accounted for approximately 8 percentage points of the 10.8% consolidated revenue decline in Q1[32] - The company now believes it can reduce its FY26 net tariff impact on operating income to less than $15 million based on tariffs currently in place[34] - The company plans to diversify its supply chain outside of China to mitigate tariff risks, aiming for approximately 25% of consolidated Cost of Goods Sold (COGS) by the end of Fiscal 2026[53] Business Segment Performance - Beauty & Wellness FY25 net sales were $1,001.3 million[20] - Home & Outdoor FY25 net sales were $906.3 million[20] - Excluding Olive & June, net sales decreased by 17.3% with ~45% of the organic revenue decline driven by tariff-related trade disruptions[37]

Acquisitions Overview - Mach Natural Resources LP is entering into two definitive agreements to acquire oil and gas assets to enhance scale and add strategic multi-basin positioning[11] - The acquisitions include Sabinal Energy for a purchase price of $787 million, consisting of $325 million in cash and 32 million units[10] - The acquisitions include IKAV San Juan for a purchase price of $500 million, consisting of $200 million in cash and 21 million units[10] Pro Forma Impact - Pro forma Q1 2025 production increases to 152 mboe/d, up from Mach's standalone 81 mboe/d[13] - The acquisitions diversify the company's production mix, resulting in a pro forma liquids/gas ratio of 34%/66%[13] - The combined net acreage increases to 2,815,000 acres, including 130,000 net acres from Sabinal and 570,000 net acres from IKAV San Juan[13] Strategic Benefits - The transactions reinforce the company's commitment to financial strength by funding approximately 60% with common equity issued to sellers[15] - The acquisitions are accretive to the business, with assets being acquired at a discount to PDP PV-10[15] - The acquisitions reduce the company's base decline rate from 20% to 15%[17]

Financial Performance Highlights - Revenue increased by 130% to $773 million in Q1 2020 compared to $683 million in Q1 2019 [24, 16] - Adjusted EBITDA grew by 228% to $132 million in Q1 2020 compared to $108 million in Q1 2019 [6, 24, 20] - Net income increased by 802% to $57 million in Q1 2020 compared to $32 million in Q1 2019 [6, 24] - Free cash flow was estimated at $73 million in Q1 2020, a 52% increase from $48 million in Q1 2019 [7] - Adjusted EBITDA margin expanded by 136 basis points year-over-year to 171% [24] Operational Performance - Remittance volume increased by 173% [24] - The company converts 55% of Adjusted EBITDA to Free Cash after taxes, investments, and debt service [7] - Approximately 95% of independent agent retailers remained open for business during the COVID-19 pandemic [4] Market Position - Intermex's market share in Mexico was 180% in 2019 [22] - Intermex's market share in Guatemala was 254% in 2019 and 258% in Q1 2020 [22] COVID-19 Response - The company implemented social-distancing practices at Mexico and Guatemala call centers [4] - All headquarters employees were empowered to work from home efficiently [4] - All 33 Intermex operated stores were temporarily closed [4]

Financial Performance Highlights - Revenue for Q1 2020 reached $77.3 million, a 13% increase compared to $68.3 million in Q1 2019[21, 18] - Remittance volume in Q1 2020 was $2.6 billion, up 17.3% from $2.2 billion in Q1 2019[21, 15] - Adjusted EBITDA for Q1 2020 grew to $13.2 million, a 22.8% increase from $10.8 million in Q1 2019[21, 19] - Net income for Q1 2020 increased significantly to $5.7 million, an 80.2% rise compared to $3.2 million in Q1 2019[21, 5] - Free cash flow was $7.3 million in Q1 2020, a 52% increase from $4.8 million in Q1 2019[7, 35] Business Trends - Transaction growth saw a rebound, from -7.2% in April 2020 to 7.3% in May 2020[6] - Volume growth also recovered, from -7.2% in April 2020 to 8.7% in May 2020[6] Profitability and Efficiency - Adjusted EBITDA margin expanded by 136 basis points year-over-year to 17.1%[23] - The company is converting 55% of Adjusted EBITDA to Free Cash, after taxes, investments and debt service[7]

Second Quarter 2020 Performance - Revenue reached $85.1 million, a 2.9% increase compared to the second quarter of 2019[31] - Remittance volume totaled $2.8 billion, representing a 5.3% growth from the prior year period[31] - Adjusted EBITDA amounted to $17.4 million, a 6.8% increase year-over-year[31] - Net income increased by 26.9% to $9.0 million[31] - Adjusted EBITDA margin expanded by 75 basis points year-over-year to 20.4%[33] Growth Initiatives - Online business transactions grew by 884% in the second quarter of 2020 compared to the second quarter of 2019[14] - Online business customers increased by 608% in the second quarter of 2020 compared to the second quarter of 2019[14] - Emerging LATAM corridors experienced revenue growth of 17% from Q1 to Q2, now representing approximately 7% of total Intermex Revenue[16] Capital & Liquidity - Estimated free cash generated was $10.0 million in Q2 2020, a 16.4% increase of $1.4 million from Q2 2019[26] - The company converted 58% of Adjusted EBITDA to Free Cash after taxes, investments and debt service in Q2 2020[26] Third Quarter 2020 Guidance - The company projects revenue of $88 million – $91 million[36] - The company anticipates Adjusted EBITDA of $17 million - $18 million[36]

Financial Performance - Revenue reached $95.6 million, a 12% increase compared to Q3 2019[4] - Net income increased by 135% to $9.5 million compared to $4.038 million in Q3 2019[4, 20] - Basic & Diluted EPS increased by 127% to $0.25[4, 19] - Adjusted Net Income increased by 28% to $12 million[4] - Adjusted EBITDA grew by 16% to $19 million[4] - Free Cash Generated increased by 79% to $10.5 million[4] Growth Drivers - Online growth was significant, with a 48% increase in Q3 2020 compared to Q3 2019[9] - The company is investing in digital initiatives, including hiring new digital leadership and redesigning the mobile app[11] - Emerging markets transaction growth showed strong quarter-over-quarter increases, reaching 35.2% in Q3 2020[8] Market Share and Strategy - The company is focused on targeted, high-volume agents, adding agents based on specific ZIP code demographics[6] - The company is driving market share growth in core markets[8] Future Outlook - The company anticipates Q4 2020 revenue between $93 million and $95 million, representing a 12%-14% increase[17] - The company projects Adjusted EBITDA for Q4 2020 to be between $16.5 million and $17 million, a 17%-20% increase[17]

Financial Performance - Full Year 2020 - Net Income increased by 72.3% to $33.8 million[4] - Basic & Diluted EPS increased by 71.2% and 69.2% to $0.89 and $0.88 respectively[4] - Adjusted Net Income increased by 30.0% to $42.3 million[4] - Adjusted Basic & Diluted EPS increased by 27.6% and 26.4% to $1.11 and $1.10 respectively[4] - Adjusted EBITDA increased by 18.7% to $68.4 million[4] - Revenue increased by 11.8% to $357.2 million[4] Financial Performance - Fourth Quarter 2020 - Net Income increased by 80.1% to $9.6 million[5] - Basic & Diluted EPS increased by 78.6% to $0.25[5] - Adjusted Net Income increased by 54.2% to $11.7 million[5] - Adjusted EBITDA increased by 32.3% to $18.7 million[5] - Revenue increased by 19.3% to $99.3 million[5] Growth Drivers - Money Transfer Transactions increased by 36.7% in 4Q20 compared to 4Q19[6]