Remaining Disciplined 1Q25 Results May 2025 Forward-Looking Statements and Disclosures Forward-Looking Statements and Cautionary Statements Certain statements in this presentation concerning future opportunities for Civitas, future financial performance and condition, guidance, and any other statements regarding Civitas' future expectations, beliefs, plans, objectives, financial conditions, returns to shareholders, assumptions, or future events or performance that are not historical facts are "forward-looki ...

Financial Performance & Returns - Sitio reported solid financial performance, exceeding consensus estimates for 1Q25 production at approximately 42 MBoe/d and Adjusted EBITDA at approximately $142 million[10] - The company boasts high Adjusted EBITDA Margins, exceeding 87%[10] - Sitio's cumulative return of capital since becoming public in 2022 is greater than $915 million, representing over 35% of the company's market capitalization[10, 34, 35] - The company returned $0.50 per share to shareholders in 1Q25, comprised of a $0.35 per share cash dividend and $0.15 per share of stock repurchases[11] Capital Allocation & Debt - Sitio is committed to returning at least 65% of Discretionary Cash Flow (DCF) to shareholders through dividends and share repurchases[37] - The board authorized an additional $300 million for share repurchases, bringing the total remaining buyback capacity to approximately $350 million[10, 37] - Sitio's Adjusted Net Debt to 2024 Free Cash Flow (FCF) ratio is approximately 0.3x, which is about half the peer group average of 4.7x[42] Acquisitions & Asset Management - The company closed 3 transactions in 1Q25 for approximately $21 million, adding approximately 1,350 NRAs[10, 11] - Missing payments captured in the last twelve months (LTM) ending March 31, 2025, amounted to $15 million, offsetting approximately 40% of the midpoint of the 2025 Cash G&A guidance[10, 74] Production & Outlook - Average daily production for 1Q25 was 42.1 MBoe/d, including 18.9 MBbls/d of oil production, representing a 19% year-over-year increase in total production[8, 11] - The company's 2025 full-year guidance projects average daily production between 38,250 and 41,250 Boe/d, and average daily oil production between 17,750 and 19,250 Bbls/d[45] Market Positioning - Sitio's Free Cash Flow (FCF) margin is greater than 3.5x higher than the E&P average[13] - The company has a large, diverse asset base with active operators and over 10 years of remaining development[56]

Financial Performance - Excelerate Energy reported Adjusted EBITDA of $100.4 million in 1Q 2025, a 10% sequential increase from 4Q 2024[17, 28] - Adjusted Net Income for 1Q 2025 was $55.6 million, representing a 21% sequential increase from the previous quarter[17, 28] - Adjusted Earnings Per Share (diluted) for 1Q 2025 reached $0.49, a 23% sequential increase[17] - The company achieved a high operational reliability of 99.9% in 1Q 2025[17] Growth Strategy & Jamaica Acquisition - Excelerate Energy is focused on optimizing its core business to maximize shareholder value[19] - The company is growing its fleet through selective acquisitions and new vessel construction[21] - Excelerate Energy acquired an integrated LNG and power platform in Jamaica for just over $1 billion, expected to be immediately accretive to earnings per share[22, 34] - The Jamaica business includes a Clarendon CHP Plant, storage & distribution assets, and provides approximately 30 TBtu of annual LNG supply[23] Capital Structure & Outlook - Excelerate Energy completed an equity offering of 8 million shares at $26.50 per share, raising $212 million in gross proceeds[34] - The company closed an $800 million offering of 8% senior unsecured notes due in 2030[35] - The company revised its full year 2025 Adjusted EBITDA guidance to a range of $345 million - $365 million, exclusive of the pending Jamaica acquisition[38]

Q1 2025 Earnings and Business Update May 8, 2025 Disclaimer This presentation ("Presentation") does not contain or constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of Alvotech (the "Company") to any person in the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Any trademarks, servicemarks, trade names and copyrights of the Company and other companies contained in this Presentation are the property of ...

FY25 Q3 Results Presentation May 8, 2025 1 Safe harbor statement 2 The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements so long as such information is identified as forward-looking and is accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in the information. The use of words such as "may", "might", "will", "should", "expect", "plan", "anticipate ...

Q2 Fiscal Year 2025 Financial Results May 7, 2025 Forward Looking Statements This presentation contains forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements regarding our outlook for the fiscal quarter ending June 28, 2025; our long-term outlook; our long-term focus, financial, growth, and business strategies and opportunities; our transformational cost initiative; tariffs; growth metrics and targets; go forward run rate operating expenses; our ...

Financial Performance & Guidance - The company projects FY2025 revenue between $825 million and $835 million[7] - The company anticipates FY2025 net income between $56 million and $60 million[7] - The company expects FY2025 adjusted EBITDA between $124 million and $128 million[7] - The company is targeting an average annual revenue growth of approximately 10% through FY29, with an adjusted EBITDA margin approaching 20% by FY29[7] Strategic Initiatives - The company is implementing a "North Star Strategy" to accelerate growth, diversification, and optimization[45] - The company plans to launch a minimum of six new programs annually at existing campuses starting in FY2025[45] - The company intends to open at least two new campuses each year between FY2026 and FY2029[45] Division Performance (FY2024) - The UTI Division generated $486 million in revenue with approximately 14,000 average students[12] - The Concorde Division generated $246 million in revenue with approximately 8,000 average students[12]

Financial Performance - GAAP Gross Profit for the three months ended March 31, 2025 was $79508 thousand, resulting in a GAAP Gross Margin of 695%[42] - Non-GAAP Gross Profit for the three months ended March 31, 2025 was $82613 thousand, yielding a Non-GAAP Gross Margin of 722%[42] - Adjusted EBITDA for the three months ended March 31, 2025, reached $24715 thousand, representing 216% of revenue[47] - GAAP Net Income for the three months ended March 31, 2025, was $7047 thousand, or 62% of revenue[47] - Non-GAAP Net Income for the three months ended March 31, 2025, amounted to $24476 thousand[55] Strategic Initiatives and Product Development - Prosigna LDT is expected to be commercially available in mid-2026[19] - The company submitted a tech assessment to MolDx for MIBC in March 2025, with commercial launch and reimbursement expected in the first half of 2026[22] - NIGHTINGALE pivotal trial enrollment is approximately 95% complete, with completion expected in Q3[28] Operational Expenses - Non-GAAP research and development expenses for the three months ended March 31, 2025, were $15654 thousand[44] - Non-GAAP sales and marketing expenses for the three months ended March 31, 2025, totaled $22496 thousand[44] - Non-GAAP general and administrative expenses for the three months ended March 31, 2025, were $22348 thousand[44]

Financial Performance - Net sales reached $38 million[10], a 2% increase compared to the previous year[10] - Gross margin improved to 50.1%[10], a 440 basis points increase compared to the previous year[10] - Net loss was -$6.4 million[10], an improvement of $0.8 million compared to the previous year[10] - Adjusted EBITDA loss was -$3.3 million[10], an improvement of $2.2 million compared to the previous year[10] Strategic Growth Pillars - The company focuses on amplifying marketing[11], driving product innovation[11], expanding distribution[11], and delivering profitability[11] Marketing Impact - The "Get the Fake Outta Here" campaign generated 2.4 billion positive consumer press impressions[12] - The campaign resulted in the most engagements ever on Zevia social media[12]

First Quarter 2025 Earnings Presentation May 7, 2025 © 2025 LIGHT & WONDER Forward-Looking Statements SECTION TITLE, 10PT In this presentation, Light & Wonder makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "plan," "continue," "believe," "expect," "anticipate ...