Company Overview - Major Drilling benefits from diversification across commodities, geographies, and customers, reducing risk compared to mining or royalty companies[9, 47] - The company possesses a strong balance sheet with excellent liquidity, including $127 million in liquidity and a net debt position of ($2.8 million) as of Q1 2026[17, 19, 20] - Major Drilling has a diverse revenue stream, providing drilling services throughout the lifecycle of a project/mine[21] Market Trends and Opportunities - Senior exploration budgets are projected to increase, driven by depleted reserves and commodity price strength[24] - Equity capital raises are also beginning to increase, with seniors investing in junior miners as exploration vehicles[26, 28] - Global exploration spending was estimated at $12.5 billion in 2024, still below the $21.5 billion spent in 2012 (not inflation adjusted), indicating potential for further growth[31] Operational Performance - The company's existing fleet of over 700 rigs and infrastructure allows for operational leverage and margin increases with higher utilization rates[51] - In Q1 2026, Major Drilling reported revenue of $226.6 million, compared to $190.0 million in Q1 2025[75] - Adjusted gross margin was 25.2% in Q1 2026[75] Strategic Acquisitions - The acquisition of Explomin Perforaciones expands Major Drilling's South American footprint and diversifies its commodity exposure, with 40% of Explomin's revenue from copper and 40% from gold[77, 79] - Explomin generated revenue of US$95 million and EBITDA of US$16 million in the trailing twelve months ended October 31, 2024[83]

Company Overview - Casey's has a total enterprise value of approximately $21 billion[6] - The company operates around 2,900 convenience stores across 19 states[6] - Casey's handles over 800 million guest transactions annually[6] - The company employs roughly 50,000 team members[6] Competitive Advantages - Approximately 2/3 of Casey's stores are located in towns with populations of 20,000 or fewer, giving it a strong position in rural areas[8,68,69] - Casey's is the 5th largest pizza chain in the United States, with prepared food representing a significant portion of inside sales[8,68,69] - The company's rewards platform has over 9 million active members, driving higher transaction values and more frequent visits[8] Growth Strategy and Financial Performance - Casey's aims to deliver top quintile EBITDA growth of 8-10% through FY2026[24,27,71] - The company plans to add approximately 500 additional stores through new builds and acquisitions by FY2026[27,29] - Casey's anticipates free cash flow of around $1.25 billion through FY2026[27] Financial Improvements - From FY19 to FY25, Casey's OPEX CAGR was 10.6% compared to EBITDA CAGR of 13.4%[70] - Return on invested capital (ROIC) improved to 11.5% in FY25, up approximately 240 bps from FY19[70] - Free cash flow (FCF) generation in FY25 was $585 million, compared to $136 million in FY19[70]

Financial Performance - FY25 revenue decreased by 28% to $335 million, compared to $465 million in FY24[12] - Crop Nutrition revenue decreased by 34% from $96.4 million in FY24 to $63.9 million in FY25[17] - Crop Protection revenue decreased by 20% from $227.2 million in FY24 to $181.9 million in FY25[17] - Seed & Integrated Products revenue decreased by 37% from $89.5 million in FY24 to $53.2 million in FY25[17] - Gross profit decreased by 29% year-over-year, from $186.6 million in FY24 to $131.7 million in FY25[22] - Adjusted EBITDA decreased from $81.4 million in FY24 to $28.3 million in FY25[29] Cash Flow - Net cash flows generated by operating activities increased by 27% from $41.7 million in FY24 to $53.0 million in FY25[31] - Net cash flows used in financing activities increased by 390% from $(10.1) million in FY24 to $(49.3) million in FY25[31] Strategic Initiatives - The company is pivoting its seed business to focus on trait development and partnerships for market access[41] - The company is refocusing its biological portfolio to prioritize profitability over topline growth[42] - The company expects $10-12 million in cost savings from restructuring efforts to streamline SG&A expenses[43]

Merger of equals to create a leading global critical minerals champion Anglo American cautionary statement Disclaimer This document has been prepared by Anglo American plc ("Anglo American") in connection with its combination with Teck Resources Limited ("Teck") to form the Anglo Teck group (the "Merger") and comprises the written materials/slides for a presentation concerning Anglo American and Teck. By attending this presentation and/or reviewing this document you agree to be bound by the following condit ...

Merger of equals to create a leading global critical minerals champion Anglo American cautionary statement Disclaimer This document has been prepared by Anglo American plc ("Anglo American") in connection with its combination with Teck Resources Limited ("Teck") to form the Anglo Teck group (the "Merger") and comprises the written materials/slides for a presentation concerning Anglo American and Teck. By attending this presentation and/or reviewing this document you agree to be bound by the following condit ...

Company Strategy and Performance - The Magnum Ice Cream Company (TMICC) is planning to complete its listing by mid-November 2025[2] - TMICC aims for average annual organic sales growth (OSG) of 3-5% from 2026 onwards[128, 412] - The company is implementing a €500 million productivity program to fuel growth and margin expansion[132, 421] - TMICC is targeting an average annual Adjusted EBITDA margin improvement of 40-60bps from 2026 onwards[384, 463] - The company projects free cash flow (FCF) of €08 billion – €1 billion in 2028 and 2029[384, 463] Market Overview - The global ice cream market is large, growing, and resilient, with a total market size of approximately €75 billion in 2024[17, 20] - The ice cream market is expected to continue to grow at approximately 3-4% per annum[20] - Digital Commerce (dCom) is growing at approximately 9% CAGR from 2024-2029[39] Regional Performance - In the Americas, TMICC is the 1 ice cream company with approximately €3 billion in 2024 revenue[58, 195] - In Europe & ANZ, TMICC has approximately €31 billion in 2024 revenue and approximately 31% market share[58, 278] - AMEA is the fastest-growing and most profitable region for TMICC, with approximately €2 billion in revenue and 11% market share[58, 348, 349] Financials - TMICC's revenue was EUR 79 billion and Adjusted EBITDA was EUR 13 billion in FY24[55] - TMICC's global retail market share is 21%[55]

Investor Presentation September 2025 1 Forward Looking Statement Certain statements in this presentation and the accompanying oral commentary are forward-looking statements and relate to or are based on estimates regarding market and industry data that Shoulder Innovations, Inc. (the "Company") prepared based on management's knowledge and estimates, together with information obtained from publicly available resources, other third-party sources, the Company's customers and other contacts in the markets in wh ...

Company Overview and Mission - Envipco's mission is to make recycling easier for everyone[5] and create a cleaner world for future generations[6] - The company automates and provides services for Deposit Return Schemes (DRS), offering Reverse Vending Machine (RVM) solutions[13] - Envipco has a global supply chain with regional production, with a RVM production capacity of >30,000 per year[18] Market Opportunity and Growth - The company estimates a €4 billion market opportunity for RVM solutions[25] - Envipco is targeting +30% market share in greenfield markets, ~40% gross margin, and +20% EBITDA margin[29] - The company's revenues grew 30% to €114 million in 2024[14] DRS and Collection Targets - Deposit Return Schemes (DRS) are highlighted as the most effective solution for securing high collection rates, with 87% collection rates in DRS markets compared to 49% in other markets[11] - The EU Packaging and Packaging Waste Regulation (PPWR) mandates a 90% collection rate for plastic bottles and cans using DRS by January 1, 2029[64] - The UK DRS is set to launch on October 1, 2027, targeting a 90% collection rate by the end of 2030[75] Financial Performance and Targets - Envipco is targeting a 40% gross margin through continued design improvement, supply chain management, and volume/scale in production[183] - The company aims to drive EBITDA margins towards +20% through revenue growth, gross margin improvements, and high operational leverage[189] - In LTM Q2 2025, the company's revenue reached €104 million[177]

Company Positioning and Strategy - DOF is positioned as a one-stop shop for offshore project development and execution, combining a highly capable and versatile fleet with experienced project management and engineering teams[6] - The company aims to be a global leader within mooring and IMR, a leading "tier 2" player for smaller SURF, and renewables ready[6] - DOF's strategy is to target a net leverage ratio of 15x - 20x, together with a sustainable quarterly dividend[29] Financial Highlights - The company's backlog now exceeds USD 5 billion, including recently won and sanctioned contracts[6] - DOF placed a new USD 150 million senior unsecured bond with an interest rate of 8125% per annum[189, 193] - The company is targeting a leverage ratio of 15x-20x NIBD/EBITDA[49] Regional Operations - In Brazil, DOF's fleet is expanding to 25 vessels by October 2025 and 27 by February 2026, potentially reaching 29 by Q1-Q2 2026[74] - DOF has secured 11x 4-year contracts with Petrobras in Brazil, with a total contract value exceeding USD 14 billion[96] - In North America, DOF has 14 vessels currently in the region, including 2 third-party vessels, with one incoming newbuild in Canada[143]

Marubeni's Strategic Goals and Growth Drivers - Marubeni aims to exceed ¥10 trillion in market capitalization by FYE 3/2031[6] - The company's core operating cash flow (COCF) grew at a CAGR of 11% between FYE 3/2020 and FYE 3/2025, driven by natural resources (14% CAGR) and strategic platform businesses (16% CAGR)[8] - Marubeni targets a non-resources ROIC of 10% or more by FYE 3/2031 through strategic capital allocation and divestments[27] - The company plans to allocate ¥1.7 trillion to new investments, CAPEX, and other areas during GC2027, with ¥1.2 trillion specifically for strategic platform businesses[19] Strategic Platform Businesses Expansion - Agri-inputs retail businesses' combined net profit has grown at a CAGR of 93% over the past decade[38] - The mobility business in North America targets a 20% CAGR in net profit, aiming for ¥56 billion by FYE 3/2028[82] - Wholesale and retail power trading business has experienced a net profit CAGR of 24% and a core operating cash flow CAGR of 27% over the past decade[92] - Marubeni Pharmaceuticals aims for ¥100+ billion in revenue and ¥20+ billion in profit by FYE 3/2031[135] Capital Allocation and Shareholder Returns - Marubeni plans to allocate ¥700 billion for shareholder distributions during GC2027[19] - The company's total payout to shareholders has increased at a CAGR of 31% from FYE 3/2020 to FYE 3/2025[32]