Codere Online Q3 2025 Earnings November 17, 2025 INFORMACION COLOR: R169 G103 B 171 R121 G192 B 0 R51 G63 B 72 Disclaimer This presentation (this "Presentation"), its contents and any information provided during the meeting to present this document are for discussion purposes only, and must not be relied upon for any purpose. This Presentation is not for release, publication or distribution, in whole or in part, in or into any jurisdiction where such distribution would be unlawful. Certain terms used throug ...

Q3 2025 Highlights - Transactions reached 429,000, a 27% year-over-year growth[19] - Revenue hit a record $7.7 million, representing a 24% year-over-year increase[19] - The platform attracted 20,600 unique buyer users[19] Financial Performance & Guidance - Q4 2025 transaction guidance is 438,000-444,000, a 29%-31% year-over-year growth[62] - Q4 2025 revenue guidance is $7.4 million - $7.5 million, a 20%-22% year-over-year growth[62] - FY 2025 transaction guidance is 1,636,000-1,641,000, a 26% year-over-year growth[62] - FY 2025 revenue guidance is $29.5 million - $29.6 million, a 24% year-over-year growth[62] - Adjusted EBITDA for Q4 2025 is projected to be a loss of $2.7 million - $2.6 million[62] - Adjusted EBITDA for FY 2025 is projected to be a loss of $11.2 million - $11.1 million[62] Platform & Network Growth - Increased transaction volume from forwarder cohort by 17% year-over-year[44] - Increased transaction volume from carrier cohort by 28% year-over-year[44] - Non-IFRS gross margin reached 74.8% for the three months ended September 30, 2025[68]

Radar Technology & Market Position - Automotive evolution requires perception radar for enhanced safety and autonomous driving, complementing cameras in various conditions [6, 10, 12, 14] - 4D radar is expected to reach a 15% market share [16] - The company is poised to win the autonomous market due to its best-in-class imaging radar and strong industry traction [18, 19] Q3 2025 Business Highlights - A major European OEM is expected to announce a strategic program award for the company's automated driving system [22] - A top Japanese OEM ordered radar kits for a Level 4 development project [22] - A premium European OEM is conducting Level 3 data collection using the company's chipset [22] - A leading AI computing company ordered radar kits for AD software development [22] - Increased defense sector activity with the company supplying radar systems for evaluation projects [22] Q3 2025 Financial Results - Revenue increased from $0.1 million in Q3 2024 to $0.3 million in Q3 2025 [24] - Net loss decreased from $12.6 million in Q3 2024 to $11 million in Q3 2025 [27] - Adjusted EBITDA improved from -$9.7 million in Q3 2024 to -$9.2 million in Q3 2025 [27] - Cash and cash equivalents & bank deposits stand at $52.6 million as of September 30, 2025 [30] 2025 Guidance - The company expects revenue of $1 million to $2 million [33] - Adjusted EBITDA is projected to be between -$29 million and -$35 million [33]

Company Overview - NIU was founded in 2014 [3] - The company has 4,542 stores in China [3, 29] and operates in 53 countries [3, 29] - NIU has sold 6.1 million scooters globally [3] Sales Performance (3Q2025) - China sales volume reached 451,000 units, a 74% year-over-year increase [41] - Overseas sales volume was 36,000 units, a 65% year-over-year increase [41] - Total revenue reached RMB 1,694 million, an 11% year-over-year increase [41] Financial Position (as of September 30, 2025) - Cash, restricted cash, deposits & short-term investment totaled RMB 1,796 million [47] - Total assets amounted to RMB 3,394 million [47] - Total liabilities reached RMB 2,406 million [47] Financial Metrics - Gross margin was 21.8% of revenues [45] - Adjusted operating expenses were 13.8% of revenues [45] - Net margin was -4.0% [50] - Adjusted net margin was 5.2% [53] Production Capacity - The company has a total production capacity of approximately 2 million units per year [33, 36]

Operational Performance - LATAM transported over 229 million passengers, supported by a 93% capacity growth (ASK) year-over-year[8] - Consolidated load factor reached 854%, a 05 percentage point increase compared to the third quarter of 2024[8] - Passenger unit revenue increased by 84% while maintaining broadly stable unit costs[8] Financial Highlights - Adjusted EBITDAR totaled US$1150 million, with an adjusted operating margin of 181%[8] - Net income reached US$379 million[8] - LATAM executed a share repurchase program for US$433 million[8] Strategic Initiatives - LATAM announced the acquisition of up to 74 Embraer aircraft to enhance connectivity in South America, including 24 firm orders and 50 purchase options[8, 9] - The Embraer E195-E2 offers a 30% lower fuel consumption per seat compared to previous-generation models[10] - LATAM will introduce Premium Comfort class in 2027 to enhance the long-haul experience[20] Guidance Update - LATAM updated its 2025 guidance, projecting an adjusted EBITDAR range between US$400 billion and US$410 billion and an adjusted operating margin between 160% and 165%[36]

Financial Performance (Q2 F2026) - Total revenue reached $87.3 million[58], with $82.1 million[58] from Bitcoin mining and $5.2 million[58] from HPC/AI revenue - Adjusted EBITDA was $31.5 million[58] - Gross operating margin was $42.4 million[58], representing a 49%[126, 148] gross operating margin - Net loss was $15.8 million[58] Bitcoin Mining Operations - October production reached 289 BTC[41] - Achieved a hash rate of 24 EH/s[41] - Goal of 2.8% of global hashrate[40] - The company has 210 Bitcoin in treasury[58] HPC/AI Growth - Scaling to $225 million ARR with AI NeoCloud and HPC Colo[45] - Over $20 million ARR[45] - Targeting 11,000 GPUs under BUZZ AI platform by Q4 2026[63] Expansion and Infrastructure - 300MW expansion in Paraguay using 100% green energy from the Itaipu Dam[34] - Vertically integrated growth strategy with Tier I and Tier III data centers[62] - Aiming for ~$750 million ARR by Q4 2026[63]

Deutsche Bank Investor Relations A transformed bank Investor Deep Dive 2025 November 17, 2025 Sustainable profitability Foundational investments Positioned for growth Deutsche Bank Investor Deep Dive 2025 A transformed bank, James von Moltke 2 Delivered on our transformation objectives Enhanced business focus, through strategic portfolio adjustments and disciplined execution Executed transformation, strengthening our fundamentals and restoring profitability Rebuilt stakeholder confidence, positioning Deutsc ...

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Third Quarter 2025 Investor Presentation Yatsen Holding Limited Disclaimer This presentation has been prepared by Yatsen Holding Limited (the "Company") solely for information purpose. By viewing or accessing the information contained in this material, you hereby acknowledge and agree that no representations, warranties or undertakings, express or implied, are made by the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives as to, and no reliance should b ...