Dick's Sporting Goods Business Performance and Strategy - DICK'S Business is a leading U S sports retailer with growth potential, holding approximately 9% market share within a ~$140 billion total addressable market[14] - The company achieved strong FY24 results, including a 52% increase in comparable sales and net sales of $1344 billion, a 3590% non-GAAP gross margin (+89 bps year-over-year), a $152 billion non-GAAP EBT (+83% year-over-year), and a $1405 non-GAAP EPS (+88% year-over-year)[20] - DICK'S Business is focused on three growth areas: driving growth in key categories, accelerating eCommerce, and repositioning real estate and store portfolio[32] - The company is expanding its House of Sport locations, aiming for 75 to 100 stores by the end of FY27, with each location generating approximately $35 million in Y1 Omni sales and ~$7 million in Y1 4-Wall Omni EBITDA[37, 45] - DICK'S Business is also growing its Golf Galaxy footprint, including Performance Centers, with 112 Golf Galaxy locations, including 32 Performance Centers as of FY25[47, 53] Acquisition of Foot Locker and Future Outlook - DICK'S Sporting Goods acquired Foot Locker, Inc to create a global platform within the growing sports retail industry with a ~$300 billion total addressable market and ~65% market share[7, 16] - Foot Locker, Inc has approximately 23K global stores across North America, Europe, and Asia Pacific, with FY24 revenue of $8 billion and adjusted EBIT of $193 million[113] - The company expects to achieve $100 million to $125 million in cost synergies from the Foot Locker acquisition over the medium-term and expects the acquisition to be accretive to EPS in FY26, excluding one-time costs[117] - DICK'S Business Q3 2025 comparable sales grew 57%, and the company is raising its full-year 2025 outlook for the DICK'S Business, expecting net sales of $1395 billion to $140 billion and diluted EPS of $1425 to $1455[133, 135] Capital Allocation and Shareholder Returns - The company has returned approximately $22 billion to shareholders over the past three years, representing approximately 110% of free cash flow, including ~$13 billion in share repurchases and ~$880 million in dividends[126, 127] - DICK'S Sporting Goods announced authorization of a new five-year share repurchase program of up to $3 billion[130]

Financial Performance - Total revenue increased by 5% year-over-year to RMB 247795 million for the quarter ended September 30, 2025[10] - Income from operations decreased significantly by 85% year-over-year to RMB 5365 million[10] - Adjusted EBITA decreased by 78% year-over-year to RMB 9073 million[10] - Net loss from free cash flow was RMB 21840 million, compared to a positive free cash flow of RMB 13735 million in the same quarter of 2024[10] Segment Performance - Alibaba China E-commerce Group revenue increased by 16% year-over-year[7] - Alibaba International Digital Commerce Group (AIDC) revenue increased by 10% year-over-year[7] - Cloud Intelligence Group revenue increased significantly by 34% year-over-year[7] - All Others segment revenue decreased by 25% year-over-year[25] Business Highlights - Quick commerce revenue increased by 60%, driven by order growth from "Taobao Instant Commerce"[31] - Customer management revenue increased by 10% year-over-year, driven by improved take rate[8] - The company repurchased 17 million ordinary shares (equivalent to approximately 2 million ADSs) for a total of US$253 million[14]

Financial Performance - Net sales increased by 3% to $2330.1 million compared to $2271.2 million in the prior year[5] - Comparable net sales increased by 5%[2] - Adjusted earnings per share decreased by 24% to $2.10[2, 5] - Free cash flow was $280.2 million, down from $317.2 million in the prior year[2] - Adjusted gross profit decreased by 10% to $789.9 million[5] - Adjusted operating income decreased by 20% to $394.3 million[5] Segment Performance - U S Retail Coffee net sales increased by 21% to $848.9 million[14] - U S Retail Frozen Handheld and Spreads net sales decreased by 5% to $461.1 million[14] - U S Retail Pet Foods net sales decreased by 7% to $413.2 million[14] - Sweet Baked Snacks net sales decreased by 19% to $256.1 million[14] - International and Away From Home net sales increased by 9% to $350.8 million[14] Fiscal Year 2026 Outlook - The company expects net sales to increase by 3.5% to 4.5%[16] - Adjusted EPS is projected to be in the range of $8.75 to $9.25[16] - Free cash flow is expected to be $975 million[16]

November 2025 z Investor Presentation Real Gross Domestic Product % Change YoY 2.7% -2.1% 2.8% -2.6% -2.0% -9.9% 10.4% 6.0% -1.9% -1.3% 3.9% 3.6% -15% -10% -5% 0% 5% 10% 15% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025f 2026f Source: Banco Galicia based on INDEC, BCRA and own estimations Source: Banco Galicia based on INDEC Industrial Production -2.3% 3Q25 -2.0% -30% -15% 0% 15% 30% 1Q18 4Q18 3Q19 2Q20 1Q21 4Q21 3Q22 2Q23 1Q24 4Q24 3Q25 QoQ % Var. (s.a.) YoY % Var. -0.1% 2Q25 6.3% -20% -10% 0% 10% ...

Company Overview - Yiren Digital has 19 years of expertise in lending technology and is listed on the NYSE[11] - The company has a robust financial foundation supported by steady cash flow, a fast-growing internet insurance business, and a next-generation Fintech platform under development[11] - Yiren Digital utilizes a proprietary Agentic AI platform to boost employee productivity and service quality[11] - The company is expanding internationally in Southeast Asia, supported by technological expertise and local partnerships[11] Financial Performance - Loan facilitation reached RMB 202 billion, a 51% year-over-year increase[16] - Internet Insurance annualized premium reached RMB 196 million, a 204% quarter-over-quarter increase[16] - The company holds RMB 39 billion in cash and equivalents to support growth, M&A, and shareholder returns[16] - The dividend yield is 96% as of November 24th, 2025[16] - In Q3 2025, financial services revenue was RMB 14 billion, a 70% year-over-year increase[18] Risk Management and Customer Acquisition - 77% of loans in Q3 2025 were from repeat borrowers[17, 23] - The company focuses on premium borrowers, with 77% repeat borrowing in Q3 2025[17] - Delinquency rates remain manageable, with 1-30 days delinquent cases at 27%, 31-60 days at 17%, and 61-90 days at 14%[16]

Business Performance - 3Q25 RevPAR was 97.8% of 2024's level for the same period[12] - 3Q25 Same-Hotel RevPAR was 95.0% of 2024's level for the same period[15] - Retail GMV increased by 75.5% from RMB 566 million in 3Q24 to RMB 994 million in 3Q25[44] - Online channels contributed to over 90% of retail sales[46] - The number of registered individual members increased by 30% from 83 million in 3Q24 to 108 million in 3Q25[63] Hotel Network Expansion - 152 new hotels opened in 3Q25[19] - The company had 1,948 hotels in operation as of September 30, 2025[19] - The company had 754 hotels in the pipeline as of September 30, 2025[19] Financial Highlights - Net revenues increased by 38.4% year-over-year to RMB 2,627,970 thousand in 3Q25[79] - Adjusted net income increased by 27.0% year-over-year to RMB 488 million in 3Q25[91] - Adjusted EBITDA increased by 28.7% year-over-year to RMB 685 million in 3Q25[94] - The company's cash and cash equivalents were RMB 2,670 million as of September 30, 2025[98] Outlook - The company expects a total net revenues growth rate of 35% year-over-year for full year 2025[106]

Business Highlights - Pony AI completed a dual primary listing on NASDAQ and HKEX, raising over US$800 million in its IPO, the largest global autonomous driving IPO in 2025[7] - The company plans to expand its Robotaxi fleet to over 1,000 vehicles by 2025 and over 3,000 by 2026[7] - Pony AI achieved city-wide unit economics breakeven in Guangzhou[9, 12] - The company launched fully driverless commercial services for Gen-7 Robotaxis in Guangzhou, Shenzhen, and Beijing[12] - New registered users nearly doubled within one week after the Gen-7 launch, demonstrating the flywheel effect from large-scale operation[14] Scale-Up Strategy & Global Expansion - Pony AI produced over 600 Gen-7 vehicles and has a Robotaxi fleet size of over 900 vehicles, aiming for over 3,000 vehicles by 2026[15] - Robotaxi revenue grew by over 90% year-over-year, and fare-charging revenue grew by over 200% year-over-year[15] - The company expanded its operations to Shanghai, launching fully driverless commercial Robotaxi operations, and expanded coverage in Shenzhen[15] - Pony AI has established a presence in 8 countries across China, the Middle East, East Asia, Europe, and the US[16] Financial Performance - Total revenues increased by 72% year-over-year from 3Q24 to 3Q25, reaching US$6.7 million in 3Q25[45] - Robotaxi services revenue increased by 89.5% year-over-year, while fare-charging revenues surged over 200% year-over-year[45] - Licensing and applications revenue increased by 8.7% year-over-year, and Robotruck services revenue increased by 354.6% year-over-year[45]

Financial Performance - Total net revenue reached RMB 22 billion, a 5% year-over-year increase[5, 7] - Non-GAAP operating loss narrowed by 87% year-over-year, reaching RMB (108) million[5] - Brand Management (BBM) revenue increased by 20% year-over-year, reaching RMB 396 million[5] - E-Commerce revenue increased by 2% year-over-year, reaching RMB 18 billion[5, 7] E-Commerce Strategy - Online Store Operations revenue increased by 16% year-over-year[35] - Digital Marketing & IT Solutions revenue increased by 6% year-over-year[35] - Luxury category revenue within Online Store Operations increased by 14% year-over-year[35] - Other Apparel category revenue within Online Store Operations increased by 25% year-over-year[36] - E-Commerce product sales gross margin increased from 102% in 3Q2024 to 131% in 3Q2025[30] Brand Management Achievements - Brand Management (BBM) net revenues reached RMB 396 million, with a 20% year-over-year growth rate[5, 39] - Brand Management (BBM) gross profit margin was 566% in 3Q2025[39]

Company Overview - Stora Enso is a renewable materials company with approximately 19,000 employees[11] - The company had sales of 9 billion EUR in 2024[11] - Adjusted EBIT was 598 million EUR in 2024[11] - Stora Enso avoids approximately 14 million tons of CO2e by replacing fossil-based alternatives[18] Business Segments - Packaging accounts for 57% of sales[19] - Biomaterials represent 14% of sales[18] - Wood Products contribute 15% of sales[18] - Forest segment accounts for 13% of sales[18] Geographical Reach - Europe accounts for 69% of sales[21] - Asia represents 17% of sales[18] - Americas contribute 6% of sales[18] - Rest of the World accounts for 8% of sales[18] Production and Capacity - Packaging Material mills have a capacity of 6 million tons[60] - Integrated pulp mills have a capacity of 5 million tons[60] - Packaging solutions have a capacity of 1.6 billion m2[60] - Sawmills have a capacity of 5.4 million m³[60]

Financial Performance and Targets - Fortum's comparable EBITDA for the last twelve months Q3 2025 was €1.3 billion, with Generation contributing 84% and Consumer Solutions 16%[3] - The company targets a comparable Return on Net Assets (RONA) of 14%[15] - Fortum aims for an optimisation premium of €8-10/MWh in 2026 and €6-8/MWh from 2027 onwards[22] - The company is targeting comparable operating profit improvement of €330 million by 2030 from existing fleet[34] Growth and Development - Nordic power demand is projected to grow significantly, reaching 760 TWh/a by 2030 and 975 TWh/a by 2050[8] - Fortum targets a ready-to-build pipeline of 1.2 GW for solar and onshore wind by the end of 2028, with approximately 8 GW in the permitting phase[22] - The company aims to have 2.5 GW of new ready-to-deploy flexibility by the end of 2028[22] Hedging and Capital Expenditure - Fortum's hedging target is >25% for rolling 10-year outright generation volume by the end of 2028[52] - The company has hedged 90% of its power at 42 €/MWh for 2025, 70% at 41 €/MWh for 2026, and 45% at 39 €/MWh for 2027[52] - Fortum plans maintenance capital expenditure of €1.25 billion and growth capital expenditure of €750 million between 2026 and 2030[38] Consumer Solutions - Consumer Solutions has approximately 2.3 million consumer and SME customers with ~41 TWh of power and gas demand[93] - Consumer Solutions net revenues LTM are 201 million EUR with a CAGR of +5%[97]