Q1 2025 Financial Results & Business Update May 6, 2025 Copyright © 2025 Harmony Biosciences. All rights reserved. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding our full year 2024 net product revenue, expectations for the gr ...

Net leverage ratio as of Q1 2025 was 4.3x Reconciliation of LTM Q1 Fiscal 2025 Net Loss and Debt Agreement Adjusted EBITDA | | | | Twelve | | | | --- | --- | --- | --- | --- | --- | | | Nine months | Three months | months | | | | | ended | ended | ended | | | | ($ thousands) | 28-Dec-24 | 29-Mar-25 | 29-Mar-25 | ($ thousands) | 29-Mar-25 | | Net (loss)/income | ($296,757) | $17,490 | ($279,267) | Total Debt | $2,648,506 | | Income tax (expense)/benefit | (31,307) | 7,031 | (24,276) | | | | Interest expense, ...

Financial Performance - Net revenue increased by 6.9% on an actual basis and 8.8% on a constant currency basis, driven by higher volumes[14] - Adjusted EBITDA decreased by 9.9% on an actual basis and 7.8% on a constant currency basis, including a 420 bps headwind from Amazon warrant reduction in revenue ($0.8 million)[14] - Gross margin decreased by 4.0% year over year to 33.9%, impacted by increased contribution from North American void-fill and lower volumes in EMEA/APAC, as well as a 90 bp impact from non-cash Amazon warrant revenue reduction[14] - Net loss was $(10.9) million, compared to $(8.1) million in the prior year[28] Regional Performance - North America revenue increased by 33.5% versus prior year due to higher PPS sales driven by e-commerce activity among large enterprise accounts as well as in the distribution channel[14] - EMEA/APAC revenue decreased by 6.0% on a constant currency basis (9.0% on an actual basis) driven by a 1 pt decline in volume, 3 pts of price/mix (lower cushioning), and 2 pts Automation[14] Liquidity and Capitalization - The company finished 1Q25 with $65.5 million cash on hand[14] - Net Leverage Ratio was 4.3x as of March 31, 2025[27] Operational Factors - Volume growth was strong at 12.0%, but partially offset by price/mix (-2.4%) and a decrease from Amazon warrants (-0.9%)[14] - Actions have been taken in Q2 to improve price, defer discretionary spend, and reduce structural costs to improve margin profile and focus on cash generation[14]

Creating a better tomorrow™… First Quarter 2025 Earnings May 6, 2025 Louis Pinkham, Chief Executive Officer Industrial Rob Rehard, Executive Vice President, Chief Financial Officer Motion Control Solutions Systems 1Q 2025 FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES All statements in this communication, other than those relating to historical facts, are "forward-looking statements." Forward-looking statements can generally be identified by their use of terms such as "anticipate," "believe," "c ...

May 2025 Investor Presentation Fiscal 2025 Second Quarter and Year-to-Date Financial Results Non-GAAP Measures This presentation includes the non-GAAP financial measures NFE/net financial loss, NFE per basic share, financial margin, utility gross margin, adjusted funds from operations and adjusted debt. A reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found below. As an indicator of NJR's operating ...

Financial Performance - GAAP gross revenue reached $2.9 billion, a 2.2% year-over-year increase, while adjusted net revenue was $2.1 billion, up 3.1% year-over-year[10] - GAAP net income was $11 million, a decrease of 87.9% year-over-year, but adjusted net income increased by 18.8% to $176 million[10] - Adjusted EBITDA increased by 8.1% year-over-year to $287 million, with an adjusted EBITDA margin of 13.4% on adjusted net revenue[10] - GAAP EPS was $0.10, down 86.3% year-over-year, while adjusted EPS increased by 22.2% to $1.43[10] Infrastructure and Advanced Facilities (I&AF) Segment - I&AF backlog increased to $21.768 billion[35] - I&AF operating profit was $203 million, a decrease of 0.4% year-over-year, with an operating profit margin of 11.1% of adjusted net revenue[23] - Water & Environmental adjusted net revenue was $542 million, a decrease of 1.7% year-over-year[18] - Critical Infrastructure adjusted net revenue was $907 million, an increase of 2.2% year-over-year[20] - Life Sciences & Advanced Manufacturing adjusted net revenue was $382 million, an increase of 5.8% year-over-year[18] Balance Sheet and Cash Flow - Net debt stood at $1.4 billion with a net debt to LTM adjusted EBITDA ratio of 1.26x[26] - The company repurchased $351 million in shares, a 268% year-over-year increase, and declared a quarterly dividend of $0.32 per share, up 10% year-over-year[24] Fiscal Year 2025 Outlook - The company reaffirmed its FY25 financial targets, including mid-to-high single-digit adjusted net revenue growth year-over-year[27] - The company expects free cash flow conversion to be greater than 100% of net income[28]

Q2 Fiscal 2025 Earnings May 6, 2025 + This document contains both historical and forward-looking statements. Forward-looking statements are not based on historical facts but instead reflect our expectations, estimates or projections concerning future results or events, including, without limitation, the future sales, gross margins, costs, earnings, cash flows, tax rates and performance of the Company. These statements generally can be identified by the use of forward-looking words or phrases such as "believ ...

First Quarter 2025 Earnings Conference Call May 6, 2025 Proprietary business information of ADM. Proprietary business information of ADM. Proprietary business information of ADM. 2 Cautionary Note Regarding Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements, other than statements of historical fact included in this presentation, are forwa ...

Financial Performance - Adjusted EBITDA increased by 7% year-over-year to $1.8 billion[7,9] - Distributable cash flow (DCF) increased by 8% year-over-year[31] - Distributions to unitholders totaled $978 million[7] - Unit repurchases amounted to $100 million[7] - Adjusted free cash flow was $641 million[31] - Total capital returned to unitholders was $1.078 billion[31] Strategic Investments and Growth - Over $1 billion of bolt-on acquisitions were announced[9] - MPLX acquired the remaining 55% interest in BANGL, LLC for $715 million[7] - A crude gathering system was acquired for $237 million[7] - An additional 5% interest in the Matterhorn Express Pipeline joint venture was acquired for $151 million[7] - The company plans to expand the BANGL pipeline to 300 thousand barrels per day (MBPD)[15] Operational Highlights - Crude oil pipeline volume was 3.9 million barrels per day (MMBPD), a 13% increase[26] - Product pipeline volume was 2.0 MMBPD, a 10% increase[26] - Terminal volume was 3.1 MMBPD, a 6% increase[26] - Natural gas gathering volume was 6.5 billion cubic feet per day (Bcf/d), a 5% increase[27] - Natural gas processing volume was 9.8 Bcf/d, a 4% increase[27] - Fractionation volume was 660 MBPD, a 4% increase[27]

Company Overview - Limbach specializes in revitalizing and maintaining mission-critical systems in existing facilities [5] - The company has approximately 1,400 team members and operates across 20 branch locations [11, 13] - Limbach focuses on six distinct vertical markets to diversify revenue streams [18] Financial Performance and Strategy - From FY 2019 to FY 2024, Limbach expanded its gross margin by nearly 1,480 bps to 27.8%, driving Adjusted EBITDA Margin more than 4x from 3.0% to 12.3% [33] - The company targets a shift in revenue mix to approximately 80% ODR (Owner Direct Relationships) and approximately 20% GCR (General Contractor Relationships) [32] - Limbach projects total revenue between $610 million and $630 million for 2025, with ODR revenue growth between 23% and 46% [62] - The company anticipates an Adjusted EBITDA between $78 million and $82 million in 2025, resulting in an Adjusted EBITDA Margin between 12.5% and 13.5% [62] Acquisitions and Expansion - Consolidated Mechanical is expected to contribute approximately $23 million in annualized revenue and $4 million in EBITDA beginning in 2025 [53] - Kent Island Mechanical is expected to contribute on average $30 million in revenue and $4 million in EBITDA on a full year basis [59] Q1 2025 Performance - Limbach reported revenue of $133.1 million in Q1 2025, an increase of 11.9% year-over-year [69] - Gross profit for Q1 2025 was $36.7 million, with a gross margin of 27.6% [69] - Adjusted EBITDA for Q1 2025 was $14.9 million, compared to $11.8 million in Q1 2024 [70]