Q2 2025 Earnings Call August 20, 2025 G1_Dallas T1 Energy _ Q2 2025 Earnings Call Pictured: Production lines at G1_Dallas T1 Energy _ Q2 2025 Earnings Call Participants and Agenda Prepared Remarks Daniel Barcelo Chairman of the Board and Chief Executive Officer Jaime Gualy Chief Operating Officer Andy Munro Chief Legal & Policy Officer ▪ Corning supply agreement ▪ Policy overview ▪ T1's OBBB compliance road map Evan Calio Chief Financial Officer Q&A Jeff Spittel EVP, Investor Relations and Corporate Develop ...

Q2 2025 Key Highlights - Hotel GMV reached RMB 26911 million[22] - Legacy-Huazhu RevPAR decreased by 38% year-over-year[12,24] - Legacy-DH RevPAR increased by 81% year-over-year[12,26] - Total number of rooms in operation increased by 183% year-over-year, reaching 1184915[12,14,21] - H Rewards members increased by 175% year-over-year, totaling 288 million[12,15,62] - Room nights booked by members increased by 288% year-over-year, exceeding 60 million[12,16] - Manachised and Franchised (M&F) revenue increased by 228% year-over-year, reaching RMB 29 billion[18,75] - Total revenue increased by 45% year-over-year, reaching RMB 64 billion[18,70] - Total Adjusted EBITDA increased by 113% year-over-year, reaching RMB 23 billion[19,70] - Adjusted Diluted EPS increased by 95% year-over-year, reaching RMB 042[19] Financial Performance - Total revenue for Q2 2025 was RMB 6426 million, a 45% increase year-over-year[18,70] - Adjusted EBITDA for Q2 2025 was RMB 2270 million, an 113% increase year-over-year[19,70] - M&F revenue for Q2 2025 was RMB 2865 million, a 228% increase year-over-year[18,75] - M&F Gross Operating Profit for Q2 2025 was RMB 1896 million, a 232% increase year-over-year[18,77] Network and Product Development - Hanting Hotels ranked No1 on the "World's Top 50 Hotel Brands" list with 378569 rooms in operation as of June 30, 2025[30,32,117] - The company is enhancing its presence in lower-tier cities[46] - The company is stepping up the development of the upper-midscale segment, with a 233% year-over-year increase in the number of upper-midscale hotels in operation and pipeline[50,51] Guidance - The company projects M&F revenue to grow 20%-24% in Q3 2025 compared to Q3 2024[101] - The company projects total revenue to grow 2%-6% in Q3 2025 compared to Q3 2024, or 4%-8% excluding DH[103]

Financial Performance - Total net revenue grew by 124% year-over-year to RMB 2,9003 million ($4049 million)[8] - Adjusted EBITDA grew by 112% year-over-year to RMB 1,3718 million ($1915 million) with a margin of 473%[8] - The company obtained RMB 4,451 million ($6213 million) of new debt financing/refinancing facilities[8] - The company raised net proceeds of $676 million in aggregate through CB and equity new issuance[8] Data Center Capacity and Utilization - New customer commitments (net) reached +14,398 sqm[8] - Total area committed increased by 81% year-over-year to 663,959 sqm[8] - Additional area utilized (net) was +16,763 sqm[8] - Total area utilized reached 479,186 sqm, a +141% year-over-year increase, resulting in a utilization rate of 775%[8] - Capacity in service reached 618,060 sqm with a total IT power of 1,326 MW[29] Backlog and Delivery - Backlog at 2Q25 was 184,773 sqm with approximately 35% scheduled for delivery in 2H25, 35% in FY26, and 30% thereafter[16] DayOne Updates - DayOne's net revenue reached $855 million, with an adjusted EBITDA of $297 million and an adjusted EBITDA margin of 347%[64] - DayOne's utilized IT power reached 213 MW[31] FY25 Business Outlook - The company projects revenue between RMB 11,290 million and RMB 11,590 million, implying a year-over-year growth of 94% - 123%[63] - Adjusted EBITDA is expected to be between RMB 5,190 million and RMB 5,390 million, representing a year-over-year increase of 64% - 105%[63] - Updated Capex (After ABS & C-REIT) is expected to be ~RMB 2,700 million, a (103%) decrease[63]

Financial Performance - Total net revenues for 2Q25 reached RMB 4,991.5 million, a 32.2% year-over-year increase[11] - Net product revenues for 2Q25 were RMB 4,558.7 million, up 34.0% year-over-year[11] - Net service revenues for 2Q25 amounted to RMB 432.8 million, reflecting a 15.4% year-over-year growth[11] - GAAP income from operations for 2Q25 was RMB 91.1 million, a quarterly high[11] - Non-GAAP income from operations for 2Q25 was RMB 121.3 million, a 28.9% year-over-year increase[11] - ATRenew repurchased 12.3 million ADSs with US$ 31.1 million during FY24 and 1H25[11] Business Updates - 1P business net product revenues increased by 34.0% year-over-year in 2Q25[13] - Excluding Apple Trade-In and international businesses, 1P business net product revenues increased by 39.2% year-over-year in 2Q25[13] - 3P business net service revenues increased by 15.4% year-over-year in 2Q25[13] - Multi-category recycling services saw a 107.1% year-over-year increase in 2Q25[13] - Transaction volumes in 2Q25 reached 10.3 million units, a 22.6% year-over-year increase[13] - The total AHS store count reached 2,092 as of June 30, 2025, a net increase of 576 year-over-year[13]

Financial Performance - Q2 2025 revenue was $1.64 billion, a decrease of 15% year-over-year[11] - Adjusted EBITDA for Q2 2025 was $472 million, a decrease of 38% year-over-year, with a 29% margin[11] - Adjusted EBIT for Q2 2025 was $149 million, a decrease of 69% year-over-year[11] - Net income for Q2 2025 was $24 million, a decrease of 94% year-over-year, resulting in a 9% margin[11] - Cash flow from operations was $441 million, a decrease of 43% year-over-year[11] Operational Highlights - Carried volume in Q2 2025 was 895K TEUs, a decrease of 6% year-over-year[17] - The average freight rate in Q2 2025 was $1,479/TEU, a decrease of 12% year-over-year[17] - Total liquidity as of June 30, 2025, was $2.87 billion[11] 2025 Guidance - The company increased the midpoints of its 2025 guidance for Adjusted EBITDA to a range of $1.8 billion to $2.2 billion[14] - The company increased the midpoints of its 2025 guidance for Adjusted EBIT to a range of $550 million to $950 million[14] Fleet and Strategy - The company operates a fleet of 123 containerships with a total capacity of 767K TEU[20] - The company's fleet includes approximately 50% newbuild and 40% LNG-powered vessels[16, 20]

Financial Performance - Auna's consolidated revenue for Q2 2025 was S/1,094 million, a decrease of 2% year-over-year (YoY), but an increase of 4% on a foreign exchange neutral (FXN) basis[19] - Adjusted EBITDA for Q2 2025 was S/241 million, a decrease of 3% YoY, but an increase of 5% FXN, with a flat margin of 211% YoY[15,17,19] - Adjusted Net Income increased significantly YoY, showing a +6x increase[46] - The Leverage Ratio remained flat at 36x[17] Segment Performance - Healthcare Services Mexico revenue in Q2 2025 was S/274 million, a decrease of 9% YoY, but an increase of 5% in local currency[25] - Healthcare Services Peru & Oncosalud Peru revenue in Q2 2025 was S/474 million, an increase of 8% YoY[29] - Healthcare Services Colombia revenue in Q2 2025 was S/346 million, a decrease of 8% YoY, but remained flat in local currency[33] Debt and Cash Flow - The company successfully offered an additional $621 million in aggregate principal amount of senior secured notes due 2029 in May 2025[54] - End-of-period cash stood at S/175 million[50] - Consolidated debt was S/3,702 million (US$1,045 million)[54,58] Operational Metrics - Oncosalud Peru plan memberships increased by 10% YoY, reaching 1,388,579 members[19,101] - Total bed capacity across the healthcare network was 2,224 beds[19]

Q2 2025 Performance & Outlook - Target's net sales decreased by 0.9% [1] - Comparable sales decreased by 1.9% [1] - GAAP and Adjusted EPS reached $2.05 [1] - Digital comparable sales increased by 4.3% [1] Growth Drivers - Same-day services grew by more than 25% [5] - Ship-to-guest services grew by more than 7% [5] - Trading cards are tracking to become a more-than-$1 billion business for Target in 2025 [15] - Double-digit net sales growth was achieved in Roundel and Target Plus marketplace [16] Investments & Strategy - The company is on track to invest about $4 billion in 2025 to support new stores, remodels, and enhancements in supply chain and technology [21] - The company is investing in 10,000+ new GenAI licenses [25]

Acquisition - Alcon will acquire STAAR Surgical for \$28 per share in cash, representing a ~59% premium to STAAR's 90-day volume-weighted average price[15] - The acquisition represents a total equity value of approximately \$1.5 billion and is expected to be funded through short- and long-term credit facilities[15] - The acquisition is expected to be accretive to core diluted EPS in year two[15] Financial Highlights (Q2 2025) - Net sales reached \$2.6 billion, a 4% increase year-over-year on a reported basis and a 3% increase in constant currency[21] - Core operating margin was 19.1%, a decrease of 70 basis points[21] - Core diluted EPS was \$0.76, compared to \$0.74 in Q2 2024[20] Financial Highlights (1H 2025) - Net sales reached \$5.0 billion[26] - Free cash flow was \$681 million[20] Product Mix (1H 2025 Sales) - Vision Care accounted for 45% (\$2.2 billion) of sales, while Surgical accounted for 55% (\$2.8 billion)[27] - Within Vision Care, contact lenses represented 62% of sales[27] - Within Surgical, consumables represented 53% of sales[27] FY 2025 Outlook (Updated) - Net sales are projected to be between \$10.3 to \$10.4 billion[64] - Core operating margin is expected to be between 19.5% to 20.5%[64] - Core diluted EPS is maintained at \$3.05 to \$3.15[64]

Presentation of Results for the year ended 30 June 2025 Niël Pretorius Chief Executive Officer Riaan Davel Chief Financial Officer Results for the year ended 30 June 2025 | Page 1 DISCLAIMER 18th consecutive financial year of dividends: Final cash dividend of 40 cps | Financial | | Operational | | Sustainable development | | | --- | --- | --- | --- | --- | --- | | Revenue R7 878.2m | Operating profit R3 523.6m | Production 4 830kg | All-in sustaining costs margin | Electricity consumption 282 560MWh | Potab ...

NEX T BI OM ET RI CS GR OU P ASA Q2 Presentation Aug ust 20, 2025 Disclaimer This presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Such forward-looking information and statements are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for NEXT Biometrics Group ASA ...