HIGHLIGHTS Q1-25 EARNINGS PRESENTATION MAY 7, 2025 © 2025 ACV Auctions, Inc. FORWARD LOOKING STATEMENTS Statements in this presentation regarding future performance and future expectations, beliefs, goals, plans or prospects include forward looking statements for purposes of federal and state securities laws, including statements regarding ACV's avenues for long term growth and total addressable market expansion, our financial guidance for the second quarter and full year of 2025, and operational and produc ...

Financial Performance - Net sales reached $834 million, a decrease of 7% compared to the previous year (PY)[3] - Non-GAAP operating income was $99 million, in line with the previous year[3] - Non-GAAP EPS was $1.04, an increase of $0.05 compared to the previous year[9] Segment Performance - **Pet Segment:** Net sales were $454 million, a decrease of 6% compared to the previous year[5]; Non-GAAP operating income was $66 million, an increase of 5% compared to the previous year[7] - **Garden Segment:** Net sales were $380 million, a decrease of 10% compared to the previous year[10]; Operating income was $59 million, an increase of 3% compared to the previous year[10] Key Highlights - Continued execution of the Cost & Simplicity program enhances efficiency[11] - Further eCommerce growth, fueled by centralized retail media efforts, new product introductions and improved content[11] - Record sales and online share leadership in Wild Bird[11] - Held market share in pet and garden with gains across several key categories including Dog Chews, Rawhide, Wild Bird and Grass Seed[11]

Q1 FY 2025 Investor Presentation May 2025 Tripadvisor Safe Harbor Statement Forward-Looking Statements. Our presentation today, including the slides contained herein, contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts or guarantees of future performance and are based on management's assumptions and expectations, which are inherently subject to difficult to predict uncertainties, risks and changes in circ ...

Disclaimer Nasdaq: ARQ Q1 2025 Earnings Call May 7, 2025 This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a "safe harbor" for such statements in certain circumstances. When used in this presentation, the words "can," "will," "may," "intends," "expects," "anticipates." "continuing," "believes," similar expressions and any other statements that are not historical facts are intended to identify those assertions as for ...

First-Quarter 2025 Earnings Call May 7, 2025 Safe Harbor Statement Any statements contained in this presentation that are not historical facts are "forward-looking statements." These statements are based on the current expectations of the management of the Company, only speak as of the date on which they are made and are subject to uncertainty and changes in circumstances. The Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future even ...

Financial Performance - Q1 2025 - Sales and Merchandising Revenues reached $2,659 million, slightly down from $2,718 million in YTD '24[14] - Gross Profit increased to $153 million compared to $128 million in YTD '24[14] - Pretax Income decreased to $3 million from $14 million in YTD '24[14] - Adjusted EPS was $0.12, compared to $0.16 in YTD '24[14] - Adjusted EBITDA increased to $57 million from $51 million in YTD '24[14] Agribusiness - Q1 2025 - Agribusiness revenues were $1,993 million, down from $2,061 million in YTD '24[21] - Agribusiness gross profit increased to $119 million from $100 million in YTD '24[21] - Agribusiness reported a Pretax loss of $10 million, compared to a $3 million profit in YTD '24[21] - Agribusiness Adjusted EBITDA was $31 million, compared to $29 million in YTD '24[21] Renewables - Q1 2025 - Renewables revenues increased to $666 million from $657 million in YTD '24[27] - Renewables gross profit increased to $34 million from $29 million in YTD '24[27] - Renewables Pretax income increased to $25 million from $24 million in YTD '24[27] - Renewables Adjusted EBITDA was $37 million, compared to $34 million in YTD '24[27] Cash and Debt - Cash from Operations Before Working Capital Changes was $57 million in Q1'25, compared to $48 million in Q1'24[16, 45] - Short-term Debt was $223 million as of 3/31/2025[16] - Long-term Debt was $651 million as of 3/31/2025[18] - Capital Spending for Q1'25 was $47 million[18]

| Section | Page | | --- | --- | | Table of Contents - Investor Supplement - First Quarter 2025 | 2 | | Financial Highlights | 3 | | Summary of Earnings. | イ | | Earnings Per Share Summary | 5 | | Property and Casualty Insurance Segment | | | Property and Casualty Insurance - Summary Underwiting Results (GAAP) | | | Specialty - Underwriting Results (GAAP). | 7 | | Property and Transportation - Underwriting Results (GAAP). | 8 | | Specialty Casualty - Underwriting Results (GAAP) . | 9 | | Specialty Financial ...

Contents I. Highlights Ardmore Shipping First Quarter 2025 Disclaimer This presentation contains certain statements that may be deemed to be "forward-looking statements" within the meaning of applicable U.S. federal securities laws. All statements, other than statements of historical facts, that address activities, events or developments that Ardmore Shipping Corporation ("Ardmore" or the "Company") expects, projects, believes or anticipates will, or may occur in the future, are among these forward-looking ...

Financial Performance - Bentley Systems' ARR reached $1319 million as of March 31, 2025 [138] - The company's LTM recurring revenues grew by 13% (13.6% in constant currency) to $1273 million [134] - First quarter revenue showed growth, with subscriptions up 13% (15% in constant currency) and total revenue up 10% (11% in constant currency) [131] - GAAP operating income increased by 25% to $115 million, while AOI less SBC increased by 12% to $126 million [141] - The company anticipates total revenues between $1461 million and $1490 million for the full year 2025 [150] Growth Drivers and Initiatives - E365 as a percentage of total ARR continues to increase [48] - Virtuosity has achieved its thirteenth consecutive quarter with at least 600 new logos [98] - The company is prioritizing going digital, with infrastructure engineering operating at capacity [85] Geographic Performance - The Americas generated $717 million in revenue, EMEA $388 million, and APAC $248 million in 2024 [76] - Latin America experienced a very strong quarter [108, 113] Capital Allocation - The company has $84 million in cash and $1300 million in available revolver credit capacity [146] - The company reduced net bank debt by $135 million [148]

Update on our strategy & trading businesses 2 1Q25 highlights¹ | | • | Revenue of $209 million compared to $210 million in the prior year | | --- | --- | --- | | | • | Record commission revenue in emerging markets, up 6%, eurobonds, up 5%, and municipal bonds, up 6% | | FINANCIAL | • | 34% increase in total rates commission revenue | | PERFORMANCE | • | Services2 revenue growth of 7% | | | • | Earnings per share of $0.40; $1.87 excluding notable items3 | | | • $344 | in TTM free cash flow4 million generatio ...