Carlyle Reports First Quarter 2025 Financial Results MAY 8, 2025 Carlyle Reports First Quarter 2025 Financial Results WASHINGTON, D.C. AND NEW YORK – May 8, 2025 – Global investment firm The Carlyle Group Inc. (NASDAQ: CG) today reported its unaudited results for the first quarter ended March 31, 2025. U.S. GAAP Results U.S. GAAP results for Q1 2025 included income before provision for income taxes of $171 million and a margin on income before provision for income taxes of 17.6%. Dividend The Board of Direc ...

Financial Performance - Revenue reached $706 million, showing an increase of 8.6% sequentially and 8.4% year-over-year[7] - GAAP Net Income was $306 million, a decrease of (42.3)% year-over-year[7] - Adjusted Net Income amounted to $362 million, increasing 34.1% sequentially but decreasing (39.6)% year-over-year[7] - Adjusted EBITDA was $1673 million, reflecting a decrease of (9.0)% sequentially and (9.9)% year-over-year[7] - The GAAP Net Income margin was 4.3%, compared to (2.6)% in Q4 2024 and 8.1% in Q1 2024[7] - Adjusted Net Income margin was 5.1%, compared to 4.2% in Q4 2024 and 9.2% in Q1 2024[7] - Adjusted EBITDA margin was 23.7%, compared to 28.3% in Q4 2024 and 28.5% in Q1 2024[7] Business Highlights - Average Daily Paying Users reached 390K, an increase of 15.0% sequentially and 26.2% year-over-year[8] - Average Payer Conversion was 4.3%, compared to 4.2% in Q4 2024 and 3.5% in Q1 2024[8] - Bingo Blitz revenue was $1624 million, increasing 2.1% sequentially and 3.1% year-over-year[8] - Slotomania revenue was $1118 million, decreasing (5.5)% sequentially and (17.4)% year-over-year[8] - Dice Dreams revenue was $786 million, increasing 124.5% sequentially compared to a partial quarter in Q4 2024[8]

First-Quarter 2025 Review May 7, 2025 Forward-Looking Statements and Ownership Structure This presentation contains forward-looking statements. Western Midstream Partners, LP ("WES") believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this presentation. These factors inc ...

Krispy Kreme, Inc. FIRST QUARTER 2025 EARNINGS PRESENTATION MAY 8, 2025 Krispy Kreme | 1Q25 Earnings 1 Cautionary Note Regarding Forward-Looking Statements Certain statements made in this presentation and the conference call that this presentation accompanies are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of forward-looking terminology, including terms such as "plan," "believe," "may," "contin ...

First Quarter 2025 Financial Highlights - The company reported revenue of $3.1 million and Total Revenue, Land Agreement Proceeds and Interest of $3.6 million (1,249 GEOs)[22] - The company achieved record positive operating cash flow of $2.5 million and Adjusted EBITDA of $1.7 million[22] - General and administrative costs were $1.8 million[22] 2025 Guidance and Five-Year Outlook - The company expects total GEOs between 5,700 and 7,000 in 2025, with three cash flowing assets ramping up[23] - The company anticipates peer-leading growth of over 360% in the next five years, forecasting GEOs to increase to between 23,000 and 28,000 in 2029[23] Key Growth Assets - Commercial production at Vareš is expected in Q2 2025, with a ramp-up to 800ktpa run rate expected in H2 2025, and a potential throughput increase of 63% by 2027[30] - Côté Gold's ramp-up remains on track to achieve a steady-state nameplate throughput rate of 36,000tpd in Q4 2025, with production expected to approximately double in 2025 to 360,000-400,000oz gold (100% basis)[30] - Borborema achieved initial production in Q1 2025, with commercial production expected in Q3 2025, and is expected to reach between 40% and 48% of designed nominal capacity in 2025, equivalent to an annualized rate of 83,000oz Au[30] Valuation and Growth Potential - The company's valuation is approximately 0.57x Consensus median P/NAV, compared to a sector average of approximately 1.3x P/NAV[35]

First Quarter Earnings Call Supplemental Information May 8, 2025 Disclaimer Forward looking statements This presentation contains historical information, as well as forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) that involve known and unknown risks and relate to, among other things, future events, projections, financial guidance, legislative or regulatory develop ...

Company Strategy & Portfolio - Orion Properties Inc is shifting its focus to properties with specialized use components, targeting sectors like government, medical, laboratory, R&D, and flex operations[7, 27] - The company aims to reduce exposure to traditional office properties and recycle capital into dedicated use assets[7, 23] - Orion is focused on key growth markets with strong fundamentals and demographic tailwinds[28] - The company seeks to build and maintain a sustainable investment-grade tenant base[30] Portfolio Highlights & Financials - As of March 31, 2025, Orion Properties Inc operated 68 properties with 8,037,000 rentable square feet and an occupancy rate of 74.3%[31] - The annualized base rent (ABR) was $14.95 per rentable square foot, totaling $120,121,000, with 72.3% from investment-grade tenants and a weighted average remaining lease term of 5.2 years[31] - The company had $227,800,000 in liquidity as of March 31, 2025, including $9,800,000 in cash and cash equivalents and $218,000,000 available on the credit facility revolver[57] Recent Activities - Orion completed 380,000 square feet of lease renewals and new leases during the first quarter of 2025, with a weighted average lease term of 6.7 years[57] - In April 2025, the company closed on the sale of three vacant properties for an aggregate gross sales price of $19,100,000[57] - As of May 7, 2025, agreements were in place to sell two operating properties for an aggregate gross sale price of $27,300,000[57]

Financial Performance - Revenue for Q1 2025 was $132.8 million, a 9% increase quarter-over-quarter (QoQ), but a 9% decrease year-over-year (YoY)[5] - Net income for Q1 2025 was $3.6 million, an 18% increase QoQ, but a 48% decrease YoY[5] - Cash from operations was $13.9 million, a 12% increase QoQ and a 52% increase YoY[5] - Orders increased by 17% QoQ and 13% YoY, reaching $137.6 million in Q1 2025[5] - Gross margin was 32.2%, a 70 basis points increase QoQ, but a 10 basis points decrease YoY[5] - Operating margin was 6.6%, a 130 basis points increase QoQ, but a 160 basis points decrease YoY[5] Strategic Initiatives - The company achieved $10 million in annualized savings in 2024 through the "Simplify to Accelerate NOW" initiatives and aims to reduce annualized costs by another $6 to $7 million in 2025[7] - Restructuring and related charges were $1.5 million in Q1 2025[7] Balance Sheet - Net debt decreased by $13.6 million to $174.4 million[5] - Cash and cash equivalents increased to $47.8 million as of March 31, 2025, compared to $36.1 million as of December 31, 2024, representing a 32% increase[31]

FIRST QUARTER 2025 EARNINGS PRESENTATION May 8, 2025 FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "expects," "believes," "estimates," "projects," "intends," "plans," "goal," "seeks," "may," "will," "should," or "anticipates" or the negative or other variations of these or similar words, or by discussions of fut ...

Financial Performance - First Quarter 2025 GAAP EPS was $0.54, and adjusted EPS was also $0.54[19] - The company reaffirmed its 2025 adjusted EPS guidance of $3.92 - $4.12[19] - The long-term adjusted EPS target is 4% to 6% off of the 2025E midpoint of $4.02 through 2029E[19] - The company expects to be in the top half of the 4% to 6% range for long-term adjusted EPS growth[19] Economic Development and Demand - The economic development pipeline remains robust, with projects representing more than 11 gigawatts of incremental demand actively considering the service territories[25] - Actively Building projects account for 1.1 gigawatts[25] - Projects in the Finalizing Agreements stage represent approximately 1.3 gigawatts, with a potential 600 MW by 2029, which are not yet included in the 2-3% demand forecast[25] - Total retail sales growth potential is projected at 4-5% CAGR through 2029, including actively building and finalizing agreements[50] Capital Investment and Financing - The company is planning $17.5 billion of infrastructure investment from 2025E-2029E[55] - The financing plan includes $5.8 billion in incremental debt and $2.8 billion in equity & equity-like securities from 2025E-2029E[48] Regulatory and Generation - The 2025 IRP calls for over 2.1 gigawatts of new resources from 2025-2035 relative to the 2024 IRP[28] - The company is requesting a $196 million revenue increase in the Kansas Central Rate Case, representing an 8.62% increase since 2023[76]