Financial Highlights - The company's ARR surpassed $1 billion, demonstrating top-tier growth[9] - Q2 FY26 saw a 24% year-over-year increase in ARR Growth[9] - Revenue reached $242 million, reflecting a 22% year-over-year growth[9] - Non-GAAP gross margin was 79% in Q2 FY26[12] - Non-GAAP operating margin improved by 500+ bps year-over-year, reaching 2%[12] Customer and Platform Growth - Customers with ARR of $100K+ grew by 23% year-over-year, indicating strong enterprise momentum[12] - Emerging products accounted for approximately 50% of quarterly bookings[13] - The company launched SentinelOne Flex, offering agility and simplicity in security spend optimization[9] Strategic Initiatives - The company announced the acquisition of Prompt Security, aiming to lead in AI runtime security for GenAI[13] - Purple AI is growing triple-digits with record high attach rates for licenses sold in Q2[13] Market and Technology Leadership - The company has a total addressable market exceeding $100 billion at the intersection of data, security, and AI[46] - The company was recognized as a Leader in the 2025 Gartner Magic Quadrant for Endpoint Protection Platforms for the 5th consecutive year[53]

These statements speak only as of the date of this presentation, and Kyverna undertakes no obligation to update or revise these statements. This presentation also contains estimates made by independent parties relating to industry market size and other data. These estimates involve a number of assumptions and limitations and you are cautioned not to give undue weight on such estimates. We have not independently verified the accuracy or completeness of such information, and we do not take any responsibility ...

Financial Performance - The company achieved oil and gas sales revenue of RMB 1717 billion[7] - Net profit attributable to the parent company was RMB 695 billion[7] - Interim dividend is HKD 0.73 per share (including tax)[7] - Net production reached 384.6 million barrels of oil equivalent, a 6.1% increase year-over-year[29] - Natural gas production increased significantly by 12.0% year-over-year[29] - Free cash flow reached RMB 57 billion[69] Exploration and Production - Five new discoveries were made[7, 16] - Eighteen oil and gas bearing structures were successfully evaluated[7, 19] - Ten new projects commenced production[7, 32] Operational Highlights - Overseas net production increased by 2.8% year-over-year, reaching 118.1 million barrels of oil equivalent[30] - Domestic net production increased by 7.6% year-over-year, reaching 266.5 million barrels of oil equivalent[30] - The company consumed 500 million kilowatt-hours of green electricity[56] Financial Health - Total assets reached RMB 1119 billion, an increase of RMB 62.7 billion from the beginning of the period[73] - The asset-liability ratio was 29.5%, and the capital-liability ratio decreased to 8.4%[73]

Financial Performance - Revenue for Q2 2025 was €2,288 million, a decrease of 9.1% year-over-year (YoY) on a reported basis[7] - Excluding construction, revenue decreased by 7.4% YoY to €2,204 million[7, 15] - EBITDA for Q2 2025 was €801 million[7] - Operating Free Cash Flow (OpFCF) for Q2 2025 was €423 million, an increase of 5.1% YoY[7, 15] - Accrued Capex was €378 million, a decrease of 23.8% YoY[15] Debt and Liquidity - Pro forma net leverage at the end of Q2 2025 was 5.0x on an LTM (Last Twelve Months) basis[8] - Pro forma liquidity was €860 million[8] - Total net debt was €15,813 million with a weighted average life of 5.7 years[22] - Altice France S.A.'s weighted average cost of debt is 7.125%, and Altice France Holding S.A.'s is 9.125%[22] Commercial Performance - Residential mobile postpaid net adds were +17,000 in Q2 2025[11] - Residential fixed net adds were -17,000 in Q2 2025[11]

Financial Performance - Comparable sales increased by 5.2%[12] - Net sales reached $13.44 billion, a 3.5% increase year-over-year[12] - Non-GAAP gross margin improved to 35.90%, up 89 basis points[12] - Non-GAAP EBT totaled $1.52 billion, an 8.3% increase[12] - Non-GAAP EPS reached $14.05, an 8.8% increase[12] Strategic Initiatives - The company plans to expand House of Sport locations to between 75 and 100 by the end of FY27[25] - House of Sport locations generate approximately $35 million in Y1 Omni sales with a ~25% cash on cash return[32] - DICK'S Field House locations generate approximately $14 million in Y1 Omni sales with a ~40% cash on cash return[32] - Omni-channel athletes spend 2x+ more than single-channel athletes[40] - The company expects pre-opening expenses to be in the range of $65 million to $75 million for 2025[95] Guidance - The company is raising its full year 2025 outlook, expecting comp sales to increase between 75% to 95%[93]

Concession Renewal - Türk Telekom's fixed line services concession has been extended until 2050, providing long-term visibility[19, 21] - The contract value for the concession renewal is $2.5 billion + VAT, payable over 10 years[20] - The concession fee payment schedule includes $1 billion from 2026-2027 ($500 million per year), $1.4 billion from 2028-2034 ($200 million per year), and a final payment of $100 million in 2035[21] - Türk Telekom plans to invest $17 billion by 2050 in all capex, including new technologies[22] Fibre Expansion and Network - As of H1 2025, Türk Telekom operates almost 500k km of fibre network, ensuring presence in all 81 provinces of Türkiye[46, 49] - Türk Telekom's fibre homepass reached 33.5 million as of H1 2025[47] Financial Performance - Türk Telekom's revenue for H1 2025 was 81.4 TL billion, a 24% increase[101] - EBITDA for H1 2025 was 32.3 TL billion, a 30% increase, with an EBITDA margin of 39.8%[101] - Net Debt/EBITDA is maintained at conservative levels[103] Market Position - Türk Telekom is the sole owner and operator of Türkiye's fixed line infrastructure[93] - The company is positioned to capture high growth opportunities in mobile, 5G, and future technologies due to its fibre investments[68]

Financial Performance - Total Revenue increased by 40% from $1154614 thousand in FY24 to $1201333 thousand in FY25[38] - Same Store Revenue decreased by 37% from $1029251 thousand in FY24 to $990678 thousand in FY25[38] - Adjusted EBITDA increased from $361497 thousand in FY24 to $367687 thousand in FY25, with margins of 313% and 306% respectively[43] - Net loss was reduced from $83581 thousand in FY24 to $10022 thousand in FY25[43] Acquisitions and Capital Deployment - The company deployed $700 million of capital into acquisitions over the past three years[23] - Acquired AMF for $310 million in 2013, leading to an estimated value creation of $13-$15 billion[22] - Acquired Brunswick for $260 million in 2014, reducing the purchase price to $60 million after a Sale Leaseback transaction[22, 23, 26] Operational Metrics - The company has 370 operating locations as of August 2025[25] - The company owns 75 properties with an estimated value between $600 million and $700 million[35] - The company sold 260000 Summer Season Passes in FY25[20]

Third Quarter Key Messages - The company delivered strong top-line growth, supported by each segment[7] - Bottom-line results were pressured by a steep rise in commodity input costs[7] - Leadership is aligned on a clear mission of profitable growth[7] Retail Segment Performance (FY25 Q3 YoY) - Retail volume increased by 5%[18] - Retail net sales increased by 5%[18] - Retail segment profit decreased by 4%[18] Foodservice Segment Performance (FY25 Q3 YoY) - Foodservice organic volume increased by 2%[22] - Foodservice organic net sales increased by 7%[22] - Foodservice segment profit decreased by 1%[22] International Segment Performance (FY25 Q3 YoY) - International volume increased by 8%[24] - International net sales increased by 6%[24] - International segment profit decreased by 13%[24] Fiscal Year 2025 Outlook (Revised) - Net sales are expected to be in the range of $12.1 billion to $12.2 billion[29] - Operating income is expected to be in the range of $0.98 billion to $1.00 billion[29] - Adjusted operating income is expected to be in the range of $1.05 billion to $1.07 billion[29] - Adjusted diluted earnings per share are expected to be in the range of $1.43 to $1.45[29] - Capital expenditures are targeted at approximately $300 million[30] - The Transform & Modernize initiative is expected to contribute incremental benefits in the range of $100 million to $150 million[30]

Financial Performance - Consolidated - Q4 Net Sales increased by 39% to $378.7 million compared to $273.2 million in FY24[13] - Q4 Adjusted EBITDA increased by 49% to $50.0 million compared to $33.4 million in FY24[13] - Full Year Net Sales increased by 27% to $1,296.2 million compared to $1,017.7 million in FY24[16] - Full Year Adjusted EBITDA increased by 65% to $183.7 million compared to $111.2 million in FY24[16] Financial Performance - Animal Health - Q4 Animal Health Net Sales increased by 53% to $292.5 million[11,19] - Q4 Legacy Animal Health Net Sales increased by 3% to $197.9 million[11,19] - Full Year Animal Health Net Sales increased by 36% to $962.8 million[11,22] - Full Year Legacy Animal Health Net Sales increased by 7% to $754.6 million[11,22] Financial Guidance - Fiscal Year 2026 - The company projects Net Sales between $1.425 billion and $1.475 billion[12] - The company projects Adjusted EBITDA between $225 million and $235 million[12]

Fiscal Year 2025 Performance - Malibu Boats Inc's net sales decreased by 2.6% year-over-year, reaching $807.6 million[19,40] - Adjusted EBITDA decreased by 9.1% year-over-year to $74.8 million[19,44] - Adjusted net income per share for fiscal year 2025 was $1.58, compared to $2.01 in fiscal year 2024[17] - The company generated $29 million of free cash flow in fiscal year 2025[15,54] - Gross margin increased by 10 bps year-over-year to 17.8%[19,43] Q4 Fiscal Year 2025 Performance - Net sales for Q4 2025 were $158.7 million, compared to $207.0 million in Q4 2024[34] - Gross margin for Q4 2025 was 7.9%, compared to 15.8% in Q4 2024[37] - Adjusted EBITDA for Q4 2025 was $(4.1) million, compared to $19.7 million in Q4 2024[38] Fiscal Year 2026 Outlook - The company anticipates consolidated net sales to be flat to down mid-single digits[46] - The company projects an adjusted EBITDA margin between 8% and 9%[46]