Corporate Presentation April 2026 NASDAQ: PROP Disclaimer Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this presentation regarding the strategy, future operations, financial position, estimated reserves, revenues and income or losses, projected costs and capi ...

Confidential and Proprietary Information of Restaurant Brands International Safe Harbor Statement This presentation contains confidential and proprietary information of RBI. You should not share the information in this pres entation with any third parties. This presentation contains certain forward -looking statements and information, which reflect management's current beliefs and expectations regardi ng future events and operating performance and speak only as of the date hereof. You should not rely upon f ...

Investor Outreach April 2026 Cautionary Statements Information Current as of February 19, 2026 Except as expressly noted, the information in this presentation is current as of February 19, 2026 – the date of filing IDACORP's and Idaho Power's Quarterly Report on Form 10-k for the year ended December 31, 2025 - and should not be relied upon as being current as of any subsequent date. IDACORP and Idaho Power disclaim any obligation to update this presentation, except as required by applicable law. Forward-Loo ...

Of Outdoor Pursuit 40 Years DNA FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this presentation include, but are not limited to, our ability to more efficiently manage inventory, our ability to win profitable growth across our leading pursuits, our ability t ...

Financial Data and Key Metrics Changes - Gross asset value (GAV) as of December 31, 2025, was approximately $5.3 billion, with Indofood contributing over one-third and MPIC valued at $1.3 billion [2] - Turnover increased by 2% to just over $10 billion, driven by higher revenue at Indofood and MPIC, while PLP experienced a decline [4] - Recurring profit rose by 10% to $740 million, up from $673 million in 2024, and net profit also increased by 10% to a record high of $661 million [5][6] - The interest coverage ratio improved to 4.5x in 2025, up from 4x the previous year, indicating strong financial health [8] Business Line Data and Key Metrics Changes - Indofood achieved record sales with core profit up 1%, while MPIC reported record high earnings with core profit increasing by 15% [10][12] - PLDT, the largest telecommunications firm in the Philippines, saw service revenues and EBITDA reach record highs, with a core profit increase of 1% [13] - PLP's earnings and sales slightly declined, maintaining a market share of 9.6% [14] Market Data and Key Metrics Changes - The exchange rates of the rupiah and peso decreased by approximately 11% and 14% respectively from 2018 to 2025, highlighting currency volatility [9] - CPO prices increased by 10% in 2025, affecting Indofood's cost structure [34] Company Strategy and Development Direction - The company remains cautiously optimistic about its defensive business nature, which is consumer-facing, allowing it to weather uncertainties in the short to medium term [72] - There is ongoing evaluation of strategic options for potential divestitures or IPOs to unlock asset values, particularly for Maya, which has shown significant growth [66][68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Indofood's outlook despite geopolitical uncertainties, noting a good supply of wheat and stable raw material costs [27][34] - The company is preparing for refinancing its $350 million bond due in September 2027, actively seeking proposals while monitoring market conditions [54][56] Other Important Information - The company approved a final distribution of HK$0.14 per share, bringing the total annual distribution to HK$0.27, the highest ever on a per-share basis [5] - The Philex Mining's Silangan Project is expected to contribute positively to the company, with higher grades of gold and copper compared to existing operations [17] Q&A Session Summary Question: Dividend growth and outlook - The regular final dividend increased by 3%, but total distribution growth is 10% when including special dividends from Maynilad [20][24] Question: Indofood's dividend payout ratio - Discussions regarding Indofood's dividend will consider last year's growth and current outlook, with management remaining constructive [21][27] Question: Impact of Middle East on raw material costs - Indofood has sufficient wheat supply and does not foresee significant pressure from raw material prices due to the Middle East situation [30][34] Question: PLP project budget and timeline - The PLP project is expected to start in 2029, with CapEx spread over the next few years [38] Question: Maynilad's tariff adjustments - A 4% tariff adjustment is expected for Maynilad in 2026, following a 10% increase last year [46] Question: FP Natural Resources loss contribution - Losses diminished due to the cessation of sugar operations and ongoing discussions for selling residual assets [50] Question: Refinancing head office borrowings - The company is preparing for refinancing its bond due in 2027, considering both bond and bank loan options [54][56] Question: Optimal debt structure - The current fixed-rate debt ratio is deemed comfortable, with management monitoring the volatile interest rate environment [62]

Financial Data and Key Metrics Changes - Gross asset value (GAV) as of December 31, 2025, was approximately $5.3 billion, with Indofood accounting for over one-third and MPIC valued at $1.3 billion [2][3] - Turnover increased by 2% to just over $10 billion, driven by higher revenue at Indofood and MPIC, while PacificLight Power experienced a decline [4] - Recurring profit rose by 10% to $740 million, up from $673 million in 2024, marking seven consecutive years of increases [4][5] - Net profit also increased by 10% to a record high of $661 million [4] - The final distribution approved by directors was HK$0.14 per share, bringing the total annual distribution to HK$0.27, the highest ever on a per-share basis [5] Business Line Data and Key Metrics Changes - Indofood achieved record sales with core profit up 1% to its highest level [9] - MPIC reported record high earnings with core profit increasing by 15%, primarily driven by the power company Meralco [10][11] - PLDT, the largest telecommunications firm in the Philippines, saw service revenues and EBITDA reach record highs, with a core profit increase of 1% [12] - PacificLight Power's earnings and sales were slightly down, with a steady market share of 9.6% [13] Market Data and Key Metrics Changes - The exchange rates of the Indonesian rupiah and Philippine peso declined by approximately 11% and 14% respectively from 2018 to 2025 [8] - CPO prices increased by 10% in 2025, reaching about IDR 14,100, and were around IDR 15,000 at the end of the first quarter of 2026 [32] Company Strategy and Development Direction - The company remains cautiously optimistic about its defensive business nature, which is consumer-facing, allowing it to weather uncertainties in the short to medium term [72] - The management is exploring strategic options for potential divestitures or IPOs to unlock asset values, particularly for businesses like Maya [66][68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Indofood's outlook despite uncertainties from geopolitical events, noting that they have sufficient wheat supply for the next few months [25][32] - The company is actively monitoring the impact of the Middle East conflict on raw material costs and supply chains [28][35] Other Important Information - The company has no borrowings due until September 2027, with a declining interest cost of around 4.6% for the year [6][7] - The interest coverage ratio improved to 4.5 times in 2025, up from 4 times the previous year [7] Q&A Session Summary Question: Concerns about dividend growth and outlook - The regular final dividend increased by 3% year-on-year, with an overall growth of 10% when including special distributions [18][21] Question: Indofood's dividend payout ratio - Discussions regarding Indofood's dividend will consider last year's growth and current outlook, with management remaining constructive [19][25] Question: Impact of Middle East on raw material costs - Indofood has sufficient wheat supply and does not foresee significant pressure from raw material prices [28][32] Question: Tariff adjustments for Maynilad in 2026 - Expected tariff adjustment for Maynilad in 2026 is around 4%, following a 10% increase last year [43][46] Question: FP Natural Resources loss contribution - Losses diminished due to the cessation of operations in the sugar segment, with ongoing discussions for asset sales [43][50] Question: Refinancing head office borrowings - The company is preparing for refinancing the $350 million bond due in September 2027, actively exploring options [52][56] Question: Corporate events and potential divestitures - Management is evaluating strategic options for potential divestitures or IPOs to unlock asset values [65][68]

Financial Data and Key Metrics Changes - The gross asset value (GAV) as of December 31, 2025, was approximately $5.3 billion, with Indofood accounting for just over one-third of this value [4] - Turnover increased by 2% to just over $10 billion, driven by higher revenue at Indofood and MPIC, while PacificLight Power experienced a decline [4] - Recurring profit rose by 10% to $740 million, up from $673 million in 2024, marking seven consecutive years of increases [4][5] - Net profit also increased by 10% to a record high of $661 million [4] - The final distribution approved by directors was HK$0.14 per share, contributing to a total annual distribution of HK$0.27 per share, the highest ever [5] Business Line Data and Key Metrics Changes - Indofood achieved record sales, with core profit up 1% to its highest level [9] - MPIC reported record high earnings, with core profit increasing by 15%, primarily driven by the power company Meralco [10] - PLDT, the largest telecommunications firm in the Philippines, saw service revenues and EBITDA reach record highs, with a core profit increase of 1% [12] - PacificLight Power's earnings slightly declined, attributed to lower electricity prices compared to previous years [13] Market Data and Key Metrics Changes - The interest coverage ratio improved to 4.5 times in 2025, up from 4 times the previous year, indicating strong financial health [7] - The average interest cost for the year was around 4.6%, with no borrowings due until September 2027 [6] Company Strategy and Development Direction - The company remains cautiously optimistic about its defensive business nature, which is consumer-facing, allowing it to weather uncertainties in the market [73] - There is a focus on capital recycling and unlocking asset values, with potential IPOs or divestitures being considered for non-core assets [66][68] - The company is actively exploring refinancing options for its upcoming bond due in September 2027, with a preference for bonds over bank loans to diversify credit resources [56][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Indofood's outlook despite uncertainties from geopolitical events, noting a good supply of wheat and stable raw material prices [33] - The company anticipates that 2026 will be better than 2025, although external factors such as the Middle East conflict could impact operations [10] - Management highlighted the importance of maintaining a balance between returning cash to shareholders and reinvesting in growth opportunities [22] Other Important Information - The company has successfully attracted new mainland investors, enhancing liquidity in its share trading [15] - The Philex Mining's Silangan project is expected to be a solid contributor to the company, with higher grades of gold and copper compared to existing operations [14] Q&A Session Summary Question: Concerns about dividend growth and Indofood's payout ratio - Management clarified that the 3% increase in final dividends is based on the final distribution alone, while the total distribution reflects a 10% growth, aligning with recurring profit growth [20][21] Question: Impact of Middle East events on raw material costs for Indofood - Management indicated that Indofood has sufficient wheat supply and does not foresee significant pressure from raw material prices due to the current situation [33] Question: Tariff adjustments for Maynilad water business in 2026 - Expected tariff adjustment for Maynilad in 2026 is around 4%, with ongoing efforts to reduce non-revenue water losses [47] Question: Loss contribution from FP Natural Resources - Management explained that the diminished loss is due to the cessation of operations in the sugar segment and ongoing discussions to sell residual assets [52] Question: Plans for refinancing head office borrowings - Management is actively exploring refinancing options for the $350 million bond due in September 2027, with a focus on market conditions and interest rates [55][58]

Swedbank Q1 2026 Pre-Close Call Summary Company Overview - **Company**: Swedbank (OTCPK:SWDB.F) - **Date of Call**: March 31, 2026 Key Points Industry and Market Trends - The quarter had 2 fewer days compared to the previous quarter, negatively impacting Net Interest Income (NII) by approximately SEK 50 million per day and Net Commission Income (NCI) by SEK 20 million per day [2] - The Swedish krona depreciated against the U.S. dollar and euro by the end of March, but appreciated on average during the quarter compared to the previous quarter [2] - The Riksbank policy rate remained unchanged at 1.75%, while the ECB's policy rate was also unchanged at 2% [2] Financial Performance - The 3-month STIBOR increased by 9 basis points on average compared to the fourth quarter, with a sharp rise of 22 basis points at the end of the quarter [3] - Mortgage list prices in Sweden were adjusted, with a decrease of 15-20 basis points on February 17 and an increase of 30-40 basis points on March 24 [4] - Actual mortgage prices fell by 2 basis points on three-month fixings in the first two months of the quarter, compared to a decrease of 11 basis points in the previous quarter [4] Market Share and Volumes - Swedbank's mortgage volumes increased by SEK 2 billion or 13.4% of the total market increase in the first two months of the quarter [5] - Corporate lending volumes grew by SEK 3.3 billion, representing 13.4% of total market growth, with a market share of 15% at the end of February [6] - Retail deposits grew by SEK 13 billion, with Swedbank accounting for SEK 6.2 billion, or 46.1% of market growth [6] Baltic Region Insights - Total lending in the Baltics increased by 13.7% year-on-year in January, with private lending up by 12.7% and corporate lending by 14.8% [6] - Total deposits in the Baltics increased by 8.3% year-on-year, with private deposits growing by 9.3% [7] Commission Income and Expenses - The Swedish stock market increased by 9.6% up to March 27, impacting asset management fees [9] - The Swedish mutual fund market had net inflows of approximately SEK 15 billion in January and February, down from SEK 80 billion in the fourth quarter [9] - Commission expenses are impacted by large investments in transforming the Swedish payment system, with a cost guidance of around SEK 27.5 billion for 2026 [10][11] Tax and Regulatory Changes - The bank tax in Sweden was adjusted, with a base deduction introduced in 2026, raising the tax rate to 7 basis points [11] - Latvia's NII tax is in its second year, while Lithuania abolished its NII tax for 2026 [12] Future Outlook - The integration of Entercard and the sale of its consumer finance portfolio will be updated in the Q1 report [14][18] - The impact of higher commission expenses due to payment system reforms is expected to continue throughout 2026 [26] Additional Notes - The call emphasized the importance of monitoring macroeconomic indicators and their effects on Swedbank's financial performance [1] - The next Q1 report is scheduled for release on April 29, 2026 [40]

KDDI Update Briefing Summary Company Overview - **Company**: KDDI Corporation - **Date of Briefing**: March 31, 2026 - **Context**: The briefing was held to discuss the findings of a Special Investigation Committee regarding fictitious circular transactions at KDDI's subsidiaries, gPlan and Big Globe. Key Findings from the Special Investigation Committee - **Investigation Purpose**: The investigation aimed to uncover the nature of fictitious circular transactions, assess their impact on KDDI's financial statements, identify similar incidents, analyze root causes, and recommend prevention measures [5][6][32]. - **Investigation Duration**: Conducted from January 14, 2026, to March 31, 2026, involving document reviews, digital forensics, and interviews with 80 individuals [6][7]. - **Fictitious Transactions**: Approximately 99.7% of gPlan and Big Globe's advertising agency business was recorded through fictitious circular transactions, which were not part of an organized scheme by KDDI [10][11]. - **Transaction Timeline**: Fictitious transactions occurred from August 2018 to December 2025, initiated by key individuals (Person A and Person B) to cover business losses and meet sales targets [9][13][50]. - **Financial Impact**: Cumulative revenue reversal of ¥246.1 billion and operating profit reduction of ¥49.9 billion due to these transactions [52][53]. Root Causes Identified - **Lack of Expertise**: A company-wide lack of expertise in the advertising agency business and insufficient risk awareness were significant contributors to the misconduct [32][39]. - **Concentration of Authority**: Authority was overly concentrated in specific individuals, leading to insufficient checks and balances in transaction processes [32][57]. - **Inadequate Internal Controls**: Insufficient verification of transactions and a lack of effective internal audits allowed the misconduct to continue undetected [41][62]. Recommendations for Prevention - **Strengthening Governance**: KDDI plans to enhance group governance and risk management systems, focusing on eliminating reliance on specific individuals and improving separation of duties [36][66]. - **Improving Credit Management**: Recommendations include reviewing management standards for business partners and enhancing credit evaluation processes [59][66]. - **Revising Internal Audit Practices**: Strengthening internal audit methodologies to ensure effective oversight of subsidiaries and their operations [41][66]. Future Initiatives by KDDI - **Withdrawal from Advertising Business**: KDDI will withdraw from the advertising agency business due to the lack of substance in operations, as 99.7% of the business was tied to fictitious transactions [90]. - **Personnel Changes**: Key executives involved in the misconduct have resigned, and disciplinary actions have been taken against two former employees [54]. - **Legal Actions**: KDDI is considering civil lawsuits and potential criminal charges against those involved in the fictitious transactions [78][79]. Financial Outlook - **Revised Financial Forecast**: KDDI revised its revenue forecast downward by ¥270 billion and operating profit by ¥88 billion for the fiscal year ending March 2026, primarily due to the impact of the fictitious transactions [73][74]. - **Impact on Cash Flow**: Despite the financial adjustments, KDDI asserts that there will be no impact on its cash flow generation capability [80]. Conclusion - KDDI acknowledges the severity of the findings and is committed to implementing effective measures to prevent recurrence of such misconduct, aiming to restore stakeholder trust and strengthen corporate governance [70][80].

Findings of Investigation by the Special Investigation Committee March 31, 2026 Toshiya Natori, Attorney-at-law, SHIN MARUNOUCHI LAW FIRM Tomohiro Hen, Attorney-at-law, Nagashima Ohno & Tsunematsu Yasunori Sato, Certified Public Accountant, Deloitte Tohmatsu LLC Outline of Investigation (1) The Special Investigation Committee (the "Committee") was retained by KDDI on January 14, 2026 to investigate the circular transactions lacking substance at BIGLOBE and G-PLAN (the "Fictitious Circular Transactions"). ◼ ...