Financial Performance - Q2 2025 revenue was $212 million, a decrease of 3% year-over-year[14] - Adjusted EBITDA margin for Q2 2025 was 18.6%, down 150 bps year-over-year[14] - Diluted Non-GAAP EPS for Q2 2025 was $0.59, down 8% year-over-year[14] - The company is actively managing the Helios portfolio[12] Divestiture and Acquisition - Helios signed a definitive agreement to sell its Australian Hydraulic Services business (Custom Fluidpower) to Questas Group for approximately $54 million USD[11] - Custom Fluidpower had full-year 2024 sales of $61 million USD and adjusted EBITDA of $8 million USD[11] - Cash proceeds from the divestiture will be primarily used for debt reduction[11] Tariff Impact - Estimated total direct tariff cost impacts for the second half of 2025 are approximately $8 million USD[57] - China and the European Union tariffs represent the greatest impact to Helios[61] Outlook - The company issued full-year 2025 net sales guidance of $810 million to $830 million, representing a +1% to +3% change relative to 2024[66] - The company issued full-year 2025 adjusted EBITDA margin guidance of 18.5% to 19.5%, representing a -70 bps to +30 bps change relative to 2024[66] - The company issued full-year 2025 diluted Non-GAAP EPS guidance of $2.30 to $2.50, representing a +10% to +19% change relative to 2024[66]

Investor Presentation August 2025 Disclaimer This presentation contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, the outlook for fleet utilization and shipping rates, general industry condit ...

Financial Performance - Q2 2025 - Marketplace Gross Order Value (GOV) reached $685 million[6] - Revenues totaled $144 million[6] - Adjusted EBITDA was $14 million[6] - Net loss was $263327 thousand[7, 15] Trends and Changes - Marketplace revenues decreased by 33% year-over-year, from $170046 thousand in Q2 2024 to $114478 thousand in Q2 2025[26] - Concert revenues decreased by 37%, from $80803 thousand to $50586 thousand[26] - Sports revenues decreased by 30%, from $51457 thousand to $35818 thousand[26] - Theater revenues decreased by 23%, from $30932 thousand to $23744 thousand[26] Strategic Initiatives - Implemented a cost reduction program targeting $25 million in annualized savings by the end of 2025[8, 17] Capital Structure - 2066 million shares outstanding as of June 30, 2025[19]

Financial Performance - GAAP Net Income Attributable to Apollo Global Management, Inc Common Stockholders was $605 million, or $100 per share[16] - Adjusted Net Income totaled $12 billion, or $192 per share[16] - Fee Related Earnings reached a record $627 million[22] - Spread Related Earnings amounted to $821 million[22] - Combined Fee and Spread Related Earnings hit a record $14 billion[22] Assets Under Management (AUM) - Total AUM reached $840 billion, benefiting from inflows of $61 billion in the second quarter and $179 billion over the last twelve months, driving a 21% increase year-over-year[22] - Fee-Generating AUM increased to $638 billion[15] - Perpetual Capital AUM increased to $498 billion[31] Business Growth & Capital Allocation - Record quarterly origination activity of $81 billion[22] - Strong quarterly inflows of $4 billion driven by continued expansion in signature semi-liquid products and continued education and momentum surrounding fixed income replacement-focused products[22] - Record quarterly capital solutions fee revenue of $216 million[22] - Repurchased more than $13 billion of common stock over the last twelve months, including $557 million of opportunistic share repurchases[22] - Distributed more than $1 billion of common stock dividends over the last twelve months[22]

Company Overview - Bowhead is a growing and profitable E&S focused specialty P&C business led by industry veteran Stephen Sills, with a strategic partnership with American Family Mutual Insurance Company, S I [16] - The company emphasizes an underwriting-first culture and sustainable underwriting across market cycles [16] - Bowhead's leadership team has an average of over 30 years of experience [21] Financial Highlights - Last Twelve Months (LTM) Q2'25 Gross Written Premium (GWP) reached $789 million [19] - The Combined Ratio for LTM June 2025 was 95 4%, consisting of a 65 1% loss ratio and a 30 3% expense ratio [19, 20] - Year-to-Date (YTD) June 2025 Adjusted Return on Equity (ROE) was 12 5% [19] - From 2021 through LTM Q2'25, the GWP Compound Annual Growth Rate (CAGR) was 43% [19] - 76% of LTM Q2'25 GWP was written on an E&S basis [21] Market Focus - The company is focused on profitable and growing lines within the ~$95 billion U S commercial E&S market [30] - Bowhead launched in September 2020, with a DPW CAGR of 20% from 2020-2024 and an average loss ratio of 59 1% [27] Strategic Advantages - Bowhead has a strong underwriting culture with a fully-integrated and accountable value chain [11, 32] - The company has a clean balance sheet with no reserves from accident years prior to 2020 [11, 40] - Bowhead balances its "craft" underwriting strategy with "flow" business launched in 2024 for continued growth [48]

Financial Performance - Net sales increased by 62% to $4028 million in Q2 2025 compared to Q2 2024[7] - GAAP net income totaled $158 million or $008 per diluted share compared to $125 million or $006 per diluted share in Q2 2024[7] - Adjusted EBITDA increased to $752 million compared to $684 million in Q2 2024[7] - Adjusted EBITDA margins were 187% compared to 180% in Q2 2024[7] - YTD fill rates averaged 95%[8] Segment Performance (Q2 2025 vs Q2 2024) - Hardware and Protective Solutions (HPS) revenues increased by 87% to $305924 thousand[12] - Robotics and Digital Solutions (RDS) revenues increased by 23% to $55520 thousand[12] - Canada revenues decreased by 56% to $41359 thousand[12] Full Year 2025 Guidance - Revenues are projected to be in the range of $1535 billion to $1575 billion[24] - Adjusted EBITDA is projected to be in the range of $265 million to $275 million[24] - Expects to end 2025 with 24x Net Sales / TTM Adj EBITDA[8] Supply Chain and Capital Structure - The company aims to reduce China-based supplier exposure to approximately 20% by the end of 2025[8, 18] - Net Debt / Adjusted EBITDA (ttm) was 27x at quarter end compared to 28x on December 28 2024[7] - Hillman's Board of Directors approved a $100 million share repurchase program[8]

Financial Performance - Revenue reached $2.46 billion, a 4% increase compared to the previous year[47] - Adjusted Net Income was $783 million, representing a 10% year-over-year increase[47] - Adjusted Diluted EPS increased to $1.76, a 13% rise compared to the previous year[47] - The company is raising its 2025 revenue outlook to $9450 million - $9600 million[23] - The company is raising its 2025 adjusted net income outlook to $2825 million - $2875 million[23] - The company is raising its 2025 adjusted diluted EPS outlook to $630 - $640[23] Segment Performance - U S segment revenue totaled $1.4 billion, with 7% organic operational growth[20] - U S Companion Animal revenue reached $1.2 billion, a 9% year-over-year increase[20] - International segment revenue amounted to $1.1 billion, showing 9% organic operational growth[20] - International Livestock revenue grew by 10% on an organic operational basis[20] Product Performance - The Simparica franchise experienced 17% operational growth, with revenue reaching $448 million[29] - The Key Dermatology franchise grew by 11% operationally, with revenue reaching $460 million[34] - Livestock revenue increased by 6% on an organic operational basis, reaching $631 million (excluding MFA revenue)[44]

Q2 2025 Performance - Zebra Technologies delivered better-than-expected results, driven by demand recovery, lower U S import tariff expenses, operating leverage, and strong execution[8, 11] - Net sales reached $1293 million, reflecting a 6 3% organic net sales growth, with strong performance in North America, Asia Pacific, and Latin America[11, 15] - Adjusted EBITDA margin increased by 10bps to 20 6%, despite a 70bps decline in adjusted gross margin primarily due to U S import tariffs[11, 15] - Non-GAAP diluted EPS increased by 13 5% to $3 61[11, 15] Regional and Segment Performance - North America experienced an 8% organic net sales growth, while Asia Pacific grew by 20% and Latin America by 11%[17] - EMEA saw a (1)% decline in regional organic net sales growth[17] - Asset Intelligence & Tracking segment grew by 5 8%, and Enterprise Visibility & Mobility grew by 6 5%[17] Financial Position and Outlook - The company has a strong liquidity position with $872 million in cash and cash equivalents and a $1 5 billion revolving credit facility capacity[19] - Free cash flow was $288 million year-to-date, $101 million lower year-over-year due to higher incentive compensation payments and timing of inventory purchases[19] - The company expects approximately $30 million gross profit net impact for FY25 from U S import tariffs, improved from $70 million as of prior guidance[20] - The full-year outlook for sales growth is between 5% and 7%, with an adjusted EBITDA margin between 21% and 22%, and non-GAAP diluted EPS between $15 25 and $15 75[22]

Financial Performance - Sales and Revenues decreased by $120 million, a 1% decrease, totaling $16.6 billion[9, 21] - Operating Profit decreased by $622 million, an 18% decrease, reaching $2.9 billion[9, 23] - Adjusted Profit per Share increased by 21% to $4.72[9] - The backlog grew by $2.5 billion across all three primary segments[6] Segment Results - Construction Industries total sales decreased by $493 million, a 7% decrease, with segment profit decreasing by $497 million, a 29% decrease[27, 28] - Resource Industries total sales decreased by $119 million, a 4% decrease, with segment profit decreasing by $181 million, a 25% decrease[32, 33, 34] - Energy & Transportation total sales increased by $499 million, a 7% increase, with segment profit increasing by $60 million, a 4% increase[36, 37] - Financial Products total revenues increased by $38 million, a 4% increase, with segment profit increasing by $21 million, a 9% increase[41, 42] Future Expectations - Full-year 2025 sales and revenues are expected to be slightly higher compared to 2024[51] - Net incremental tariffs for 2025 are estimated to be around $1.3 billion to $1.5 billion[51] - ME&T free cash flow for full-year 2025 is expected to be around the middle of the annual target range[51] - Net incremental tariffs are expected to be about $400 million to $500 million in 3Q 2025[54] Capital Deployment - Approximately $1.5 billion was deployed to shareholders through share repurchases and dividends[6] - Share repurchases amounted to about $800 million[46]

the concentration of our voling power as a result of our dual class structure; our status as a foreign private issuer, and other risk factors set forth in the section titled "Risk Fadors" in the Company's Amud Recort on Form 20-F filed with the Sexrities Exchange Commission (the "SEC") on February 25, 2025 and other documents filed or furrished to the SEC. These statements reflect management's current expectations regading fulure events and operating performance and speak only as of the date of this press r ...