Financial Performance - Macy's Inc's net sales were $48 billion, a decrease of 25% compared to 2Q24, but an increase of 09% excluding store closures[38] - Comparable owned sales increased by 08% compared to 2Q24[39] - Comparable owned-plus-licensed-plus-marketplace (O+L+M) sales increased by 19% compared to 2Q24[41] - Go-Forward Business comparable O+L+M sales increased by 22% compared to 2Q24[43] - Adjusted diluted earnings per share (EPS) was $041[10], a decrease of 226% compared to 2Q24[49] Brand Performance - Macy's nameplate comparable O+L+M sales increased by 12% compared to 2Q24[48] - Macy's Go-Forward business comparable O+L+M sales increased by 15% compared to 2Q24[15] - Bloomingdale's comparable O+L+M sales increased by 57% compared to 2Q24[18] - Bluemercury comparable owned sales increased by 12% compared to 2Q24[23] Inventory and Operations - Inventory decreased by 08% compared to 2Q24[25] Capital Allocation - Dividend payments amounted to $100 million[53] - Share repurchases totaled $151 million[54] - Net long-term debt reduction of approximately $340 million was achieved[56] FY25 Guidance - Net sales are projected to be between $2115 billion and $2145 billion, representing a decrease of 15% to 05% compared to FY24[61] - Comparable O+L+M sales are expected to decrease by approximately 15% to 05% compared to FY24[61] - Adjusted EBITDA rate is projected to be between 74% and 79%[61] - Adjusted diluted EPS is projected to be between $170 and $205[61]

Corporate Presentation September 2025 This presentation contains trademarks, service marks, trade names and copyrights of Alumis and other companies which are the property of their respective owners. This presentation discusses product candidates that are under clinical study and which have not yet been approved for marketing by the U.S. Food and Drug Administration. No representation is made as to the safety or effectiveness of these product candidates for the uses for which they are being studied. This pr ...

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Company Overview - Beetaloo Energy has 1,237.8 million shares on issue with a share price of A$0.31, resulting in a market capitalization of A$383.7 million[11] - The company's debt stands at A$19.8 million, with cash reserves of A$27.4 million, leading to an enterprise value of A$376.2 million[11] - Top 20 shareholders hold 58.8% and top 50 shareholders hold 70.5% of Beetaloo Energy[11] Market Positioning and Strategy - Beetaloo Energy is strategically located near Asian LNG markets, where Australian domestic gas and Asian LNG indices trade at multiples of US Henry Hub prices[18] - The company holds 1.6 TCF (2C) and >47 TCFe (2U) of dry, gas-rich, LNG-quality natural gas within the Beetaloo Basin[32] - Beetaloo Energy has secured a domestic gas sale agreement with the Northern Territory government, ensuring local market access[33] Project Development and Resources - The Carpentaria Project (EP187) is a 5 TCF gas pilot project targeting first production in 2026[43] - The company's acreage has a high Net Revenue Interest of ~85% compared to a typical US NRI of ~75%[41] - The Carpentaria Project has >300 m gross thickness of A, Intra A/B, B and C Shale reservoirs[47] Financial and Operational Highlights - Approximately A$90 million (US$60 million) has been invested to deliver >1,739 PJ (~1.5 TCF) in the EP187 Carpentaria Pilot Project[69] - The company has a 10-year binding gas sales agreement with the Northern Territory Government for up to 25 TJ/d (~75PJ total, net to Beetaloo)[84] - Beetaloo Energy has secured a A$65 million financing package with Macquarie Bank for the Carpentaria Pilot Project[85]

Financial Performance - Group revenue declined by 360% year-over-year to $630 million due to US health program budget pressures, regulatory challenges, and evolving market dynamics[23, 29] - Gross profit decreased by 385% year-over-year to $329 million[29] - The company recognized a non-cash impairment of $465 million on US intangibles[23] - EBITDA was down by $139 million year-over-year, reaching ($107 million)[29] Strategic Decisions and Capital Position - The ANZ business was divested post year-end to Jonas Software for $350 million, with potential earn-outs of up to $735 million over three years[23] - As of July 9, the company had a net cash position of $165 million, excluding an $8 million holdback, and all debt was extinguished[23] - The company withdrew its FY26 revenue guidance due to prevailing short-term market uncertainty in the US[24] US Market Operations - US revenue declined by 360% year-over-year, mirroring the group's overall revenue decrease[39] - THRiV-powered programs contributed 31% of US revenue in FY25, exceeding the PCP (Prior Corresponding Period)[40] - The US program pipeline is valued at US$125 million (unweighted) heading into 1H FY26[24, 58] - Operating costs for continuing operations are expected to decrease by 10% in FY26 compared to FY25 due to right-sizing efforts[24, 59]

Financial Performance - Zscaler's Annual Recurring Revenue (ARR) reached $3.015 billion, exceeding guidance[6,8] - Fiscal Year 2025 revenue totaled $2.673 billion, a 23% year-over-year increase[8] - Calculated billings for Fiscal Year 2025 were $3.246 billion, representing a 24% year-over-year growth[8] - The company achieved an operating margin of approximately 22% for Fiscal Year 2025[8] - Free cash flow margin for Fiscal Year 2025 was 27.2%, resulting in $727 million[8] - Q4'25 revenue was $719 million, a 21% year-over-year increase[6] Growth Vectors and Customer Adoption - Three Growth Vectors (Zero Trust Everywhere, Data Security Everywhere, and Agentic Operations) combined for over $1 billion in ARR, growing faster than the total ARR[11] - Data Security Everywhere ARR reached approximately $425 million[11] - The number of "Zero Trust Everywhere" enterprises exceeded 350, a 60%+ quarter-over-quarter increase[11] Future Outlook - Zscaler projects revenue between $3.265 billion and $3.284 billion for Fiscal Year 2026, including a $90 million contribution from the Red Canary acquisition[64] - The company anticipates ARR between $3.676 billion and $3.698 billion for Fiscal Year 2026, with a $95 million contribution from the Red Canary acquisition[64]

Fiscal 2026 Outlook Update - The company updated its fiscal year 2026 outlook, projecting organic net sales to decline by 6% to 4% for the enterprise and 4% to 2% for the beer business [11] - The company anticipates a reported operating income growth of 666% to 686%, but a comparable operating income decline of 11% to 9% [11] - Corporate expense is expected to be $225 million [11] - The company forecasts reported EPS of $10.77 to $11.07 and comparable EPS of $11.30 to $11.60 [11] - Operating cash flow is projected to be $2.5 billion to $2.6 billion, with free cash flow estimated at $1.3 billion to $1.4 billion [11] Market and Consumer Trends - Ongoing U S consumer demand headwinds are impacting the business, with employment in 4,000+ calorie jobs remaining pressured [12] - Consumer sentiment remains volatile and depressed [12, 13] - High-end beer buy rates are declining due to ongoing consumer headwinds [14, 15] - The company's beer brands have higher levels of exposure to the Hispanic consumer, who are showing elevated concern about personal finances and the socioeconomic environment [17, 18, 19, 20] - Hispanic consumer high-end beer buy rates are down more than the total consumer [21, 22] Business Execution - The company is gaining distribution, shelf space, and volume share across the country, with mid-single-digit percentage growth in points of distribution and approximately 30,000 Shopper First Shelf resets [24] - The company has achieved approximately $445 million in beer cost savings from fiscal year 2024 through Q1 fiscal year 2026 [25]

The forward-looking statements in this presentation reflect the Company's current expectations and projections about future events and financial trends that management believes may affect the Company's business, financial condition and results of operation. These statements are predictions based upon assumptions that may such statements taken from third party industry and market reports. BARCLAYS GLOBAL CONSUMER STAPLES CONFERENCE SEPTEMBER 2, 2025 DISCLAIMER of any such state or jurisdiction. Forward Looki ...

Financial Performance & Growth - Williams expects a 9% Adjusted EBITDA CAGR from 2020-2025G[3] - Williams showcases a 7% 5-year CAGR in Available Funds From Operations Per Share[17] - Williams anticipates a 9% 5-year CAGR in Adjusted Earnings Per Share from 2020-2025G[17] - Williams projects a Debt-to-Adjusted EBITDA ratio of approximately 365x in 2025, a 16% improvement since 2020[17] Strategic Growth & Opportunities - Williams has a deep backlog of high-return projects with approximately 13 Bcf/d of transmission and approximately 6 GW of potential power innovation projects[3] - Williams has over $14 billion in project opportunities with in-service dates from 2027-2033[28] - Williams is investing $16 billion in projects under construction to deliver 400 MW of power, with a potential backlog of 6 GW of power projects[31] Market & Demand - Approximately 1/3 of operating coal plants are within Williams' footprint, equating to >8 Bcf/d natural gas from coal to gas switching opportunity[12] - Projected Lower 48 natural gas demand grows by 22 Bcf/d through 2030[53] - Since 2013, demand for gas has grown by 49%, while infrastructure to deliver gas has increased by 26%, and storage delivery capacity has grown by 2%[70]