2025 Fourth Quarter Investor Teleconference January 20, 2026 1 Safe Harbor Statement All statements made herein that are not historical facts (e.g., future operating results, net sales growth, long-term share gains, and business activity, as well as expectations regarding operations, including gross and operating income margin, eBusiness DSR sales growth, weighted FMI technology signings, operating costs (including SG&A), capital expenditures, sales through our digital footprint, cash flow generation, our a ...

J a n u a r y 2 0 , 2 0 2 6 U.S. Bancorp 4Q25 Earnings Conference Call ©2025 U.S. Bank | Confidential 1 Forward-looking Statements and Additional Information The following information appears in accordance with the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements and are based on the information ava ...

2025 Fourth Quarter Earnings (unaudited) Bill Brown Anurag Maheshwari Chief Financial Officer Chinmay Trivedi Senior Vice President, Investor Relations and Financial Planning & Analysis Chairman and CEO Forward-looking statements This document contains forward-looking statements. You can identify these statements by the use of words such as "plan," "expect," "aim," "believe," "project," "target," "anticipate," "intend," "estimate," "will," "should," "could," "would," "forecast," "future," "outlook," "guidan ...

Financial Performance & Expectations - D.R. Horton's Q1 FY26 net income was $594.8 million, resulting in earnings per diluted share of $2.03[88] - The company's consolidated pre-tax income for Q1 FY26 was $798.1 million, with a pre-tax profit margin of 11.6%[88] - D.R. Horton anticipates FY 2026 consolidated revenues to be in the range of $33.5 billion to $35.0 billion and expects to close between 86,000 and 88,000 homes[18] - The company expects to repurchase approximately $2.5 billion of common stock and pay out ~$500 million in dividends in fiscal year 2026[18,58] Market Position & Operations - D.R. Horton closed 17,818 homes in Q1 FY26, generating home sales revenues of $6.5 billion[88,89] - 63% of D.R. Horton's homebuyers are first-time homebuyers[8] - D.R. Horton's average sales price is $368.3K[8,28] - D.R. Horton's financial services segment had an 81% mortgage capture rate of D.R. Horton homebuyers[15,84] Land and Lot Strategy - D.R. Horton had 445,000 controlled lots (75%) and 145,500 owned lots (25%) as of December 31, 2025[78] - Forestar, in which D.R. Horton owns 62%, sold 14,240 lots and generated $1.7 billion of revenue in FY25[84,110]

20 January 2026 Agreement to acquire RAPT Therapeutics Lead asset: ozureprubart, a potential best-in-class, long-acting anti-IgE monoclonal antibody for food allergy gsk.com Speakers Luke Miels Chief Executive Officer Tony Wood Chief Scientific Officer Disclosure statement This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer or a recommendation to sell securities, nor is it a substitute for the tender offer materials that Redrose Acquisitio ...

KeyCorp Fourth Quarter 2025 Earnings Review January 20, 2026 Chris Gorman Chairman and Chief Executive Officer Clark Khayat Chief Financial Officer Delivering Value to Our Shareholders - Strong Positioning for the Future Building Momentum in 2025 and Beyond +16% Revenue (TE)(1) YoY growth +23% Net interest income (TE) +11.8% 2025 operating leverage(1) +26% 2025 total shareholder return, #2 rank amongst peers(2) Taking Action to Execute Substantial ROTCE Growth Plan ROTCE targets with limited execution risk ...

BGE-102 (NLRP3 Inhibitor) - BGE-102 is a potential best-in-class NLRP3 inhibitor with an IC90 of 18 nM by human ex-vivo whole blood stimulation[23] - In obese participants, BGE-102 achieved an 86% reduction in hsCRP and normalized hsCRP (<2 mg/L) in 93% of patients after 14 days of dosing at 120 mg QD[8, 35] - Phase 1 clinical trial full data is anticipated in H1 2026[7, 32] - BGE-102 demonstrated ≥90% suppression of IL-1β for 24 hours after 14 days of dosing at 60 mg QD in healthy volunteers[35] - BGE-102 resulted in a 44-62% reduction in IL-6 in obese participants[66] APJ Agonist - Preclinical models suggest APJ agonism has the potential to double weight loss and fully restore body composition when combined with an incretin[8] - IND submission for APJ agonist is anticipated by 2026 YE[8] Financial Status - The company reported a strong balance sheet with $2959 million in cash, cash equivalents, and marketable securities as of September 30, 2025[164] Therapeutic Areas - Normalizing hsCRP (<2 mg/L) can drive a 25% reduction in MACE[83, 84]

Market Trends and TAM - The global video game market is projected to reach $284 billion by 2025, with a CAGR of 12%[7] - The U S influencer marketing platform market is projected to reach $5 5 billion by 2025, with a CAGR of 13%[7] - U S digital advertising spending is projected to reach $342 billion by 2025, with a CAGR of 28%[7] - The global gaming market has a TAM of over $230 billion[7] - Influencers drive 60-65% of revenue activity in the gaming market[7] - Marketing spend in the gaming market accounts for 10-15% of revenue, targeting $23-35 billion[7] GameSquare Ecosystem and Acquisition - Click, a global creator network acquisition, is estimated to generate $14 5 million in revenue and $1 2 million in EBITDA on an annualized 2H 2025 basis[16] - Click enhances GameSquare's talent, media, and content ecosystem, unlocking new revenue and growth opportunities[17] Financial Performance and Guidance - GameSquare's 2H 2025 pro forma revenue guidance is $36 8 million and adjusted EBITDA is $2 9 million[41] - Gross margin is expected to double due to the shutdown of Frankly, the acquisition of Click, and ETH yield[42] - Click is expected to contribute $7 million to 2H revenue[42] - Deals in the crypto sector are expected to contribute $3 million to 2H revenue[42] Treasury Strategy - GameSquare is targeting an ETH yield of 8-14%, fully ramped[45] - As of September 30, 2025, GameSquare held 15,618 ETH[45] - $6 25 million of Web3 deals closed as of Sept 30, 2025[45]

Domestic Insurance Business - The domestic insurance business remains a core business, steadily generating cash with a new contract value of 288.1 billion yen and adjusted profit of 439.5 billion yen[10] - The market for protection-type products exceeds 1 trillion yen annually[10] - The number of newly hired life design designers in January 2026 reached 1,213[20] - New contract ANP contribution from corporate insurance, etc, accounted for 29% in the first half of fiscal year 2025[20] - The company aims to reduce fixed business expenses by 354 billion yen by fiscal year 2026 compared to fiscal year 2020 through reorganization and office streamlining[21] Asset Formation and Succession Business - The company aims for adjusted profit of 700 billion yen in 2030, with the asset formation and succession business leading portfolio transformation by expanding spread business profits and enhancing fee business[40] - The company aims to increase assets under management to 14 trillion yen by fiscal year 2026 and 18 trillion yen by fiscal year 2030[51] - First Frontier Life (DFL) aims for approximately 300 billion yen in new yen-denominated contracts in 2021 and approximately 470 billion yen in the first half of fiscal year 2025[56] - The company projects asset management profits to increase steadily towards fiscal year 2030 through strategic initiatives and growth of asset management subsidiaries[63] - The company aims to increase real estate assets under management (AUM) to 3 trillion yen, a top-tier level in the domestic real estate industry[81]

Financial Performance & Production - TRX Gold achieved record quarterly gold production of 6,597 ounces and sales of 6,492 ounces in Q1 2026, a 35% increase over Q1 2025[13] - The company realized an average gold price of approximately $3,860/oz in Q1 2026, up from $2,653/oz in Q1 2025[13] - Q1 2026 revenue reached $25.1 million with an adjusted EBITDA of $13.2 million, demonstrating improved cash flow and margins[13, 18] - The company's cash balance increased to $9.2 million, up $1.4 million from Q4 2025[13] Operational Growth & Expansion - The company is on track to achieve its fiscal 2026 guidance of 25,000 – 30,000 ounces of gold at an average cash cost of $1,400 - $1,600/oz[13, 19] - The company is expanding its processing facility, featuring a 3,000+ tpd sulphide processing circuit and a 1,000 tpd oxide/transition circuit[14] - The company's ROM stockpile increased from 15,162 ounces at August 31, 2025, to 19,698 ounces as of November 30, 2025[13] Future Outlook & Exploration - The company anticipates capital expenditures of $15 – $20 million focused on plant upgrades and expansion[19] - The company plans exploration expenditures of $3 – $5 million, including resource drilling on the Main Zone and exploration drilling on Stamford Bridge and Eastern Porphyry[19, 53] - A robust 2025 PEA outlines an underground expansion with an average of approximately 62,000 oz Au per year over 17.6 years, and an after-tax NPV 5% of $1.2 billion at $4,000/oz Au[11, 30]