CANGO 03-2025 Earnings Presentation December 2025 CANG LISTED ENYSE 1 2 Mined a total of 1,930.8 BTC during the quarter, bringing the Company's BTC treasury to 5,810.1 BTC by quarter end. 5,810.1 BTC HODL as of September 30, 2025 $662.3 M Value of BTC HODL 2 as of September 30, 2025 Q3 Operational Highlights Cango operates 50 EH/s of deployed hashrate globally and maintains an average operating efficiency above 90% since November 2024 till September 2025. 50 EH/s Deploved Hashrate as of September 30 , 2025 ...

Portfolio Repositioning and Performance - Broadstone Net Lease (BNL) reduced clinical healthcare exposure to 2.4% of the portfolio ABR since the beginning of 2024[25] - BNL successfully sold 57 clinical healthcare assets for $352 million in 2024[25] - BNL grew AFFO per share by 1.4% in 2024 despite portfolio repositioning[25] - BNL's industrial exposure increased from 51.8% to 61.2% between March 31, 2023, and September 30, 2025[89] Growth Strategy and Build-to-Suit Developments - BNL has committed or completed $898 million in build-to-suit developments since 2023[25,59] - This includes $583 million of new build-to-suit commitments in 2025, expected to result in $29.1 million of incremental ABR through 1Q27[25,52] - BNL's build-to-suit strategy creates stabilized values approximately 75-100 bps tighter than initial cash yields[25] Financial Guidance and Shareholder Value - BNL's 2026 AFFO per share guidance is $1.53 - $1.57[329] - BNL's total shareholder return since the beginning of 2023 is 32.8%[25] - BNL's 2025 investment guidance is $650 - $750 million, and dispositions are $75 - $100 million[329]

High Grade Copper and Gold For personal use only • Building world-class scale – Upgraded Resource of 50.4Mt @ 2.0% CuEq for 863kt Cu and 546koz Au in M&I + 29.3Mt @ 2.5% CuEq for 566kt Cu and 563koz Au in Inferred • Exceptional High-Grade Core Zone of 8.8Mt @ 3.9% CuEq (346kt CuEq) in M&I and 10.9Mt @ 3.8% CuEq (414kt CuEq) Inferred • Continued Growth - Resource remains OPEN – multiple drill rigs turning • Dominant Land Position – A major copper and gold VMS mineral district • Exceptional Infrastructure – o ...

Transaction Overview - USA Compression Partners LP (USAC) 将以 8.6 亿美元收购 J-W Power Company (J-W)[2] - 交易对 J-W 的估值约为调整后 EBITDA 的 5.8 倍[3, 5] - USAC 将支付 4.3 亿美元现金，并通过发行约 1830 万股 USAC 普通股支付剩余部分[3] - J-W 拥有并运营超过 80 万马力 (HP) 的压缩设备[3] Strategic Rationale - 收购后，USAC 的有效马力将增加到约 440 万[5] - J-W 约 90% 的 2026 年预计调整后 EBITDA 与合同压缩业务相关[8] - J-W 的客户群非常多元化，与客户建立了超过 25 年的长期合作关系[3] - J-W 的前十大客户贡献了约 40% 的有效马力和收入[8] Geographic Footprint - J-W 的业务遍及美国主要盆地，其中 USGC/Mid-Con 占 34%，Permian 占 28%，Northeast 占 21%，Rockies 占 17%[7] - 收购后，USAC 在 USGC/Mid-Con 的业务占比为 74%，Permian 为 13%，Rockies 为 7%，Northeast 为 6%[11]

Financial Performance - Q3 2025 TCE income was USD 247 million, with a year-to-date (YTD) 9M 2025 figure of USD 6969 million[15] - Adjusted EBITDA for Q3 2025 reached USD 1505 million, and YTD 9M 2025 stood at USD 4097 million[15] - Net profit for Q3 2025 was USD 915 million (USD 018 per share), while YTD 9M 2025 amounted to USD 230 million (USD 046 per share)[15] - Dividends declared for Q3 2025 totaled USD 732 million (USD 01470 per share), representing 80% of the net profit[15] - Net LTV at the end of Q3 2025 improved to 205%[28] Fleet and Market Dynamics - As of November 14, 2025, 71% of the fleet's total earning days were covered for Q4 2025 at USD 25610 per day[16] - Approximately 88% of coated LR2 newbuilds have migrated into the Aframax dirty trading segment YTD 2025[43] - The effective increase in clean trading supply is only around 11 million DWT, equivalent to 05% clean trading supply growth after factoring in LR2 migration and sanctioned vessels[50] - Clean tonnage growth from 2025-2028 is projected to be around 11%, with nearly half of this increase expected in 2026[54] Strategic Initiatives - Hafnia entered into a joint venture with Cargill to create Seascale Energy, a stronger bunker procurement entity[21, 113] - The company has invested in several dual-fuel newbuilds, including LR2 LNG dual-fueled vessels and Chemical IMO-II MR Methanol dual-fueled vessels[114]

Transaction Overview - Associated Banc-Corp (ASB) will acquire American National Corporation (ANC) in a 100% stock transaction[16] - The aggregate consideration to ANC is $604 million[16] - Associated will issue 36250 ASB shares for each ANC share[16] - Pro forma ownership will be 88% Associated and 12% American National[16] Financial Impact - The deal is expected to result in 20% EPS accretion in 2027E[15] - TBVPS dilution at close is projected to be 12% with a 225-year earn-back period[15] - Cost savings of 25% of ANC's noninterest expense base are anticipated[15,46] - The transaction is expected to be accretive to CET1 at close[15] Strategic Rationale - The acquisition provides entry into the Omaha MSA with the 2 deposit market share rank[15] - It strengthens presence in the Minneapolis / St Paul MSA with 10 combined deposit market share rank[15] - American National has $53 billion in assets and $47 billion in deposits as of 9/30/2025[19,21] - American National's deposit base consists of 21% NIB-Demand, 45% Savings & MMA, 16% IB-Demand, 4% Brokered CDs and 14% Other Time deposits[21]

Investor Presentation December 2025 Cautionary Statements Forward-Looking Statements: This presentation includes "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like "will," "may," "could," "should," " ...

The global provider of information-based analytics and decision tools December 2025 | RELX Investor Relations contacts | | | --- | --- | | Paul Sullivan – Head of Investor Relations paul.sullivan@relx.com | James Statham – Director, Investor Relations james.statham@relx.com | | Natalia Gardner – Investor Relations Associate natalia.gardner@relx.com | Kate Whitaker – Investor Relations kate.whitaker@relx.com | 2 DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statem ...

Energy Demand and Inflows - System gross demand is expected to grow by 1.7% from 2024 to 2025[22] - The Compound Annual Growth Rate (CAGR) for gross demand over the last 5 years is 4.1%[23] - Natural energy inflow in October 2025 was 67% of the Long-Term Average (LTA), with November 2025 recovering to 75% LTA[27] - The expected natural energy inflow for 2025 is 79.6% of the LTA[27] - From 2016 to 2025, the average inflow was 84% LTA, the lowest in history[33] Generation and Storage - Peak storage level for 2025 reached 70%, similar to 2024, with a minimum expected storage of 44% by 2025[36] - Distributed Generation (DG) is developing faster than centralized solar generation[39] Spot Prices and Market Prices - Average spot price in the Southeast region since January 1st is 219 BRL/MWh[44, 51] - Average spot price in the Northeast region since January 1st is 167 BRL/MWh[44, 51] Curtailment - Wind curtailment reached 39.9% for some producers, averaged from December 2024 to November 2025[59] - Solar curtailment reached 44.8% for some producers, averaged from December 2024 to November 2025[61] - The industry's current curtailment forecast is more negative, anticipating an average of 20% to 25%[70] TAG (Gas Transportation) - Market opening has led to a 2,660% increase in the number of contracts and a 106% increase in active chargers among the three main carriers between 2022 and 2025[93] - Market opening brought new gas suppliers, with 71% of the volume contracted by distributors in the Northeast Region in 2024 coming from private suppliers[99] - Relative savings in TAG's area due to market opening is R$7 billion[99]

CHAGEE (NASDAQ: CHA) 2025Q3 Earnings Presentation ovember 28, 2025 DISCLAIMER This presentation contains forvardel-coking statements with n the nearing of Section 21E of the U.S. Securilies Echançe Ad of 1934, as ameded. These forward-couling state Prinzan Securites: Libgrain Reform Ao of 1955. These stalenents car be identified by relemint on your as "mill", "epents," antipraels," fritans," plans," Belenes," estimat ands sin ila state nems. Chage nay also make written or raal forward-looking statenents in ...