Q2 2025 Financial Performance - Priority Technology Holdings' total revenue increased by 9% to $239.8 million in Q2 2025[14] - Adjusted Gross Profit increased by 13% to $92.4 million, with Adjusted Gross Profit margin increasing by 135 basis points to 38.5%[16, 17] - Adjusted EBITDA increased by 9% to $56.0 million[20] - Year-to-date revenue increased by 9% to $464.4 million[24] - Year-to-date Adjusted Gross Profit increased by 14% to $179.7 million, with Adjusted Gross Profit margin increasing by 150 basis points to 38.7%[26, 27] - Year-to-date Adjusted EBITDA increased by 10% to $107.3 million[30] Segment Performance in Q2 2025 - SMB revenue was $163.2 million, a 5% year-over-year increase, with Adjusted Gross Profit of $35.4 million and Adjusted EBITDA of $27.7 million[47] - B2B revenue was $25.0 million, a 14% year-over-year increase, with Adjusted Gross Profit of $7.3 million and Adjusted EBITDA of $3.8 million[53] - Enterprise revenue was $52.7 million, a 21% year-over-year increase, with Adjusted Gross Profit of $49.7 million and Adjusted EBITDA of $45.6 million[59] - B2B and Enterprise segments represented approximately 62% of Adjusted Gross Profit[44] Capital Structure and Guidance - As of June 30, 2025, the company's total debt balance was $935.5 million, with a net debt of $884.9 million and a net leverage ratio of 4.1x[68, 69] - The company revised its 2025 financial guidance, projecting total revenue between $970 million and $990 million, Adjusted Gross Profit between $365 million and $380 million, and Adjusted EBITDA between $222.5 million and $227.5 million[9, 74, 76]

Financial Performance - Q2 FY25 revenue was $89.2 million, compared to $101.0 million in Q2 FY24[18] - Q2 FY25 EBITDA was $9.4 million, compared to $10.2 million in Q2 FY24[18] - The company generated $14.5 million of operating cash flow in Q2[18] - Total debt was reduced by $15.3 million in Q2, reaching $151.7 million as of March 31, 2025[18, 9, 21] - The company expects 50-55% of EBITDA to convert to debt reduction by fiscal year end[23] Strategic Initiatives and Outlook - Technology-Powered Solutions (TPS) revenue was $60.7 million in Q2 FY25[18] - TPS revenue increased sequentially by 7.1% from the prior quarter[20] - The company has over $1.0 billion in contract value under review, expecting award decisions in the second half of the fiscal year[9] - The company maintains a healthy new business pipeline with $3.5 billion in opportunities[12] - Mandatory term debt is paid through March 31, 2026, a year ahead of schedule[9, 23]

Financial Performance - Q2'25 adjusted EBITDAX was $894 million[17] - Adjusted operating cash flow for Q2'25 reached $817 million[17] - Adjusted free cash flow for Q2'25 was $312 million[17] - Net debt stood at $3581 million with a net debt-to-LQA EBITDAX ratio of 10x[17] Production and Operations - Total average production for Q2'25 was 3851 MBoe/d, including 1765 MBbls/d of oil, 978 MBbls/d of NGLs, and 6647 MMcf/d of natural gas[17,18] - The company increased the mid-point of full year oil and total production guidance to 1785 MBbls/d and 3850 MBoe/d respectively[18] - Cash capital expenditures for Q2'25 amounted to $505 million[18] Strategic Initiatives - The company closed the APA New Mexico bolt-on acquisition, adding approximately 13000 net acres[18] - Approximately 130 grassroots transactions added ~1,300 net acres and ~80 net royalty acres for ~$10 million[18] - The company expects recent marketing agreements to drive an incremental ~$50 million uplift to 2026E FCF versus 2024[18,39] Shareholder Returns and Balance Sheet - A base dividend of $015 per share was declared, representing a 44% dividend yield[18] - $43 million of PR stock was repurchased at an average of $1052 per share in April[18,20] - The company maintained a strong balance sheet with leverage of 10x and total liquidity of ~$3 billion[18,20]

Financial Performance Highlights - Q2 2025 revenue increased by 99% compared to Q2 2024, reaching $2340 million[13,28] - Q2 2025 adjusted EBITDA grew by 67% year-over-year to $1346 million[13,24,28] - H1 2025 revenue increased by 61% compared to H1 2024, totaling $4638 million[32,33] - H1 2025 adjusted EBITDA increased by 65% year-over-year to $2849 million[31,33] - Electricity segment revenue in Q2 2025 was $1599 million, a decrease of 38% compared to Q2 2024[28] - Product segment revenue in Q2 2025 increased by 576% to $596 million[28] - Storage segment revenue in Q2 2025 increased by 627% to $145 million[28] Strategic Initiatives and Growth - The company completed the acquisition of the 20MW Blue Mountain geothermal power plant for $88 million[15,60] - The company signed a $77 million tax equity partnership transaction for Heber 1 & 2 geothermal assets[15,41] - The company released for construction 50MW of new projects, including 28MW of geothermal and 22MW of solar projects[15] - The company expects approximately $160 million in cash proceeds from tax benefits on an annual basis for both tax equity transactions and PTC/ITC transfers[42]

Financial Performance Highlights - Nutrien's upstream NPK sales volumes reached 139 million tonnes in the first half of 2025[14] - Retail expenses decreased by 6%[14] - Capital expenditures decreased by 18% from $879 million to $724 million[12] - Share buybacks increased by 49% from $253 million to $527 million[12] Retail Segment - Q2 2025 Retail Adjusted EBITDA increased from $1128 million to $1149 million[17] - Q2 2025 YTD Retail Adjusted EBITDA decreased from $1205 million to $1195 million[23] Potash Segment - Q2 2025 Potash sales volumes increased by 12% from 36 million tonnes to 40 million tonnes[29] - Q2 2025 YTD Potash sales volumes increased by 6% from 70 million tonnes to 74 million tonnes[36] - Q2 2025 average net selling price increased by 17% from $212/mt to $248/mt[29] - Q2 2025 YTD average net selling price increased by 4% from $225/mt to $235/mt[36] Nitrogen Segment - Q2 2025 Nitrogen sales volumes increased by 7% from 282 million tonnes to 302 million tonnes[42] - Q2 2025 YTD Nitrogen sales volumes increased by 3% from 533 million tonnes to 549 million tonnes[48] - Q2 2025 average net selling price increased by 13% from $343/mt to $387/mt[42] - Q2 2025 YTD average net selling price increased by 9% from $335/mt to $365/mt[48] Guidance - The company increased its 2025 full-year Potash sales volume guidance range from 136-144 million tonnes to 139-145 million tonnes[53]

Company Overview - Enerflex has a market capitalization of CAD$1.4 billion and offers an annual dividend of CAD$0.15 per share, resulting in a dividend yield of 1.3%[3] - The top 10 customers account for approximately 35% of Enerflex's total revenue, while the largest single customer contributes about 5%[7] - Enerflex has repaid $396 million of long-term debt since the beginning of 2023, reducing the leverage ratio from 3.3x at year-end 2022 to 1.3x at the end of Q2/25[39, 42] Market Position and Growth - Global demand for natural gas is forecasted to grow by 15% over the next decade, requiring U S and Canadian supply to increase by approximately 25%[15] - Approximately 20 Bcf/d is expected to be added to North American LNG export capacity by 2030, more than doubling the existing capacity of 14 Bcf/d[22] - Data center power demand is projected to reach approximately 700 Twh by 2035, potentially creating a demand of approximately 5 0 Bcf/d[24, 25] Financial Performance and Strategy - Energy Infrastructure and After-Market Services generated 66% of consolidated gross margin before depreciation and amortization[74] - The Engineered Systems backlog remains strong at $1.2 billion, while the Energy Infrastructure contract backlog is at $1.5 billion[74, 75] - Capital spending for 2025 is targeted at approximately $120 million, including approximately $60 million for growth capital[44, 76]

Financial Performance - Net sales reached $3186 million, reflecting a 45% organic decline, primarily due to volume decreases across all regions [11] - Adjusted EBITDA was $510 million, resulting in a 160% adjusted EBITDA margin [11] - Adjusted diluted EPS was $149 per share, compared to $183 per share in Q2 2024 [11] - Gross margin decreased by 100 bps to 421% [46] - Adjusted S&A expenses increased by 90 bps to 273% of net sales [47] - Adjusted EBITDA margin decreased by 170 bps to 160% [48] Growth & Strategy - Orders grew by 4% during the second quarter and 8% year-to-date, with a book-to-bill ratio above 10 [12] - Autonomous Mobile Robot (AMR) sales accelerated to 6% of net sales in Q2 2025, with over 10000 units deployed [17] Outlook - The company reaffirms full-year 2025 guidance, expecting an organic net sales decline of 10% to 40% and adjusted EBITDA margin expansion of 0-50 bps [28]

Financial Performance - Total revenues reached a record $255.5 million in Q2 2025, a 16.3% year-over-year increase[9, 30] - Adjusted EBITDA increased 24.5% year-over-year to $79.8 million, with a margin of 31.2%[9, 10, 33] - Single-family residential revenues grew 14.5% year-over-year to $109.6 million in Q2 2025[10, 30] - Multi-family and commercial revenues increased 17.8% year-over-year to $145.9 million in Q2 2025[10] - Gross margin improved by 400 bps year-over-year to 44.7% in Q2 2025[10, 33] - Adjusted net income was $48.5 million, with adjusted EPS of $1.03[10] Backlog and Orders - Backlog reached a record $1.20 billion, a 17.2% year-over-year increase[9, 10, 14] - U S backlog represents 97% of total backlog[13, 14] - Single-family residential orders increased 29% sequentially in Q2 2025[10, 23] Outlook - The company anticipates full year 2025 revenue between $980 million and $1.02 billion[50] - The company anticipates full year 2025 Adjusted EBITDA between $310 million and $325 million[50]

Financial Performance - Revenue reached $139.6 million, a 5% increase quarter-over-quarter (QoQ) and a 3% increase year-over-year (YoY)[5] - Net income was $5.6 million, showing a significant increase of 58% QoQ and 388% YoY[5] - Gross margin hit a record 33.2%, up 100 basis points (bps) QoQ and 330 bps YoY[5] - Operating margin improved to 8.4%, up 180 bps QoQ and 480 bps YoY[5] - Cash from operations surged to $24.5 million, a 76% increase QoQ and 197% YoY[5] Debt Reduction and Cost Savings - Debt, net of cash, decreased by $35.8 million year-to-date (YTD) to $152.3 million[5] - The company achieved $10 million in annualized savings in 2024 and aims to reduce costs by another $6 to $7 million in 2025[7] Market Segment Performance - Aerospace & Defense (A&D) sales increased by 13% YoY[11] - Medical sales increased by 4% YoY, driven by surgical instrument demand[11] - Industrial sales increased by 3% YoY, with strength in power quality solutions for HVAC and data centers[11] - Vehicle sales decreased by 7% YoY due to powersports softness[11]

2Q 2025 Earnings Conference Call & Webcast August 7, 2025 1 www.talosenergy.com NYSE: TALO Cautionary Statements Cautionary Statements The information in this presentation includes "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"). All statements, other than statements of historical fact included in this presentation, regarding our strategy, f ...