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1 Corporate Overview Investor Presentation October 2026
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Cautionary Statement Relating to Forward-Looking Statements and Non-GAAP Measures 2 Certain statements and information included in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or performance and often can be identified by the use of words such as “may,” “will,” “should,” “could,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “target,” “potential,” “continue,” or similar expressions. In particular, forward-looking statements in this press release include, without limitation, the Company’s statements regarding (i) continued strength across our service lines, (ii) any implied or express statements regarding improvements in customer activity levels in several of our service lines, and positive impact on the operating environment from current oil prices, (iii) any implied or express statements regarding the continuation of cost pressures across several expense categories, particularly labor, trucking and fuel, (iv) the value of RPC’s diversified service offering, (v) that the breadth of our service offerings, strong balance sheet and disciplined capital allocation strategy continue to position RPC to respond to changing customer activity levels while pursuing opportunities that enhance long-term shareholder returns, and (vi) our intent to pay a dividend in the fourth quarter. These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, among others, changes in the price of oil and natural gas and the overall performance of the U.S. and global economies; levels of capital spending by our customers and the resulting demand for our services; the impact of tariffs and other trade actions, which may increase our cost of materials and affect our profitability; business interruptions due to adverse weather conditions or other natural or man-made disasters; changes in the competitive environment of our industry; political instability and geopolitical events in petroleum-producing regions of the world, including actions by the United States or other governments, such as the recent actions by the United States in Iran and Venezuela, and any related sanctions or disruptions of key transportation routes such as the Strait of Hormuz; actions of OPEC and other oil producing nations; our customers’ drilling and production activities; the possibility that our ongoing integration of Pintail and/or its operating performance may not match our previous projections, including the possibility of continued pricing weakness, lower activity levels and cost pressure requiring further impairments with respect to Pintail, and our ability to identify, consummate and successfully integrate acquisitions and/or other strategic investments or transactions. The ability to pay dividends may be impacted by many factors including our liquidity and the possibility of unanticipated needs for cash, as well as potential alternative uses for available cash. Additional factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations are described under “Risk Factors,” “Forward-Looking Statements” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and in other reports and filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release, and readers are cautioned not to place undue reliance on such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements after the date of this press release, whether as a result of new information, future events or otherwise, except as required by applicable law. RPC, Inc. may use the non-GAAP financial measures of EBITDA, Adjusted operating income, Adjusted net income, Adjusted net income margin, Adjusted earnings per share, Adjusted EBITDA, Adjusted EBITDA margin and free cash flow in today's earnings release. These measures should not be considered in isolation or as a substitute for performance or liquidity measures prepared in accordance with GAAP. Management believes that presenting these non-GAAP measures, other than free cash flow, enables investors to compare the operating performance of our core business consistently over various time periods, without regard to impairment charges, acquisition related employment costs and changes in estimated useful lives for purchases of wireline cables, and in the case of Adjusted EBITDA and Adjusted EBITDA margin, without regard to changes in our capital structure. Management believes that free cash flow, which measures our ability to generate additional cash from our business operations, is an important financial measure for use in evaluating RPC's liquidity. Free cash flow should be considered in addition to, rather than as a substitute for, net cash provided by operating activities as a measure of our liquidity. Additionally, RPC’s definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures, due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, management believes it is important to view free cash flow as a measure that provides supplemental information to our Condensed Consolidated Statements of Cash Flows. A non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that either 1) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows, or 2) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Set forth in the appendices at the end of this presentation are reconciliations of these non-GAAP measures with their most directly comparable GAAP measures.
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3 PRESENTATION AGENDA Business Overview & Financial Goals Industry Key Themes & Business Overview Strategic Imperatives, Framework & Actions Financial Performance
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4 Track record of profitability and FCF Create long-term shareholder value by delivering world-class oilfield services to our customers with a conservative financial management approach Investment Highlights Financial discipline in cyclical industry Consistent dividend and opportunistic buybacks Diversified OFS business, attractive service line mix Corporate Objective Strong balance sheet supports further M&A
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5 Company Snapshot 10-year financial highlights Cumulative operating cash flow: $2,106 million Cumulative capex: $1,466 million Cumulative free cash flow: $640 million Dividends paid: $300 million Stock repurchased: $117 million Average ROIC of 21% (see page 21 for additional details) 2023 acquisition of Spinnaker (cementing) for $80 million 2025 acquisition of Pintail (wireline) for $245 million Financial Snapshot LT track record of profitability, cash flow, and discipline in a cyclical and often volatile industry 3-year avg202520242023$ millions $1,553.0$1,626.6$1,415.0$1,617.5Revenues $106.2$32.1$91.4$195.1Net Income $280.0$232.7$233.0$374.4Adjusted EBITDA (1) $315.2$201.3$349.4$394.8Operating Cash Flow (OCF) $132.1$52.9$129.5$213.8Free Cash Flow (1) (OCF less Capex) -$35.1$34.4$34.6Dividends -$210.0$326.0$223.3Cash (year-end balance) -$30.0 (2)$0.0$0.0LT Debt (year-end balance) (1) Adjusted EBITDA and free cash flow are non-GAAP financial me asures, please refer to non-GAAP disclosures and reconciliations in the appendix of this presentation (2) LT Debt for 2025 includes seller financed note related to the acquisition of Pintail
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Business Overview 6 Balanced service line portfolio among the most diversified in the oilfield, with over 50% of revenues generated in Permian Basin Diversified Service Lines Less capital intensive, high cash flow ≈ 2/3rd of total RPC revenues Broader customer base, also service large Tier 1 customers More geographically diverse Pressure Pumping Capital intensive business spot/semi- dedicated customers Becoming smaller % of total revenues with recent acquisitions, now ≈ 1/3 rd Permian-centric Strategic acquisitions in diversified service lines evolving RPC’s business to lower capital intensity operations with broader, steadier customer base * Adjusted for Pintail Completions acquisition, closed April 1, 2025 Pressure Pumping, 28% Coiled Tubing, 9% Cementing, 6% Downhole Tools, 23% Wireline, 25% All Other, 8% 2025 Pro Forma* Revenues $1.7 Billion Split by Service Line
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7 PRESENTATION AGENDA Business Overview & Financial Goals Industry Key Themes & Business Overview Strategic Imperatives, Framework & Actions Financial Performance
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Industry Key Themes 8 Oilfield services is capital intensive and highly competitive. Efficiency gains in pressure pumping (PP) have created excess industry capacity Insufficient demand to absorb increased capacity driving price competition to maximize utilization RPC has remained disciplined, opting to idle assets rather than burn equipment on low-return projects E&P consolidation has been swift >>> fewer, larger customers, though more consistent production and capital discipline Several large private customers have been acquired by larger public E&Ps Capital discipline resulting in large E&Ps reducing production volatility RPC is focused on strengthening its customer mix with acquisitions and increasing its presence with larger, Tier 1 customers OFS consolidation is likely to pick up; OFS small-cap publics lack scale (often have high leverage), while privates are often small and under- capitalized Large E&Ps favor OFS provider scale Potential cost synergies and other scale benefits from OFS mergers RPC has strong balance sheet and is an acquirer of choice for smaller privates given service line independence; private equity unlikely to invest substantial new capital in OFS Frac fleet evolution has accelerated with more large E&Ps requiring modern/upgraded Tier 4 dual-fuel (DGB) or electric assets Pressure pumpers have made significant investments in both dual-fuel (DGB) and electric assets RPC investments focused on Tier 4 DGB; not yet invested in electric, but will likely address strategically to expand our frac customer base and strengthen customer mix
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9 RPC Offers a Diversified Portfolio of Services, Mostly at the Customers’ Well Sites During Completion What is well completion? • Installation and cementing of production casing into a drilled well • Preparation of the cased well to begin producing hydrocarbons - Perforation (using wireline services) of the well casing to allow hydrocarbons to flow into the well - Stimulation of one or more zones using hydraulic fracturing (or pressure pumping) to expose surface area of hydrocarbon-producing zones - Drilling out bridge plugs (using coiled tubing and downhole tools) used to isolate fracturing zones during stimulation A multi-stage unconventional completion operation. This well bore has many perforations to expose it to a horizontal production zone. RPC’s cementing, hydraulic fracturing, perforating, coiled tubing, and downhole tools and motors could be used to conduct this completion operation.
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10 RPC Service Offerings: Diversified across service lines, basins, customer size Pressure Pumping, 28%* Largest total addressable market in OFS Currently most capital intensive, competitive and volatile business Historically very profitable during “up-cycles” Smaller, spot-market customers Operating primarily in Permian Basin 11 horizontal equivalent total fleets: 3 Tier 4 DGB fleets Selective M&A for scale or technology Wireline, 25%* Pintail acquisition in April 2025 Concentrated in Permian basin focused on dedicated customer base Invested heavily in new/electric assets Reputation for service and quality Relatively low capital intensity Cementing, 6%* Spinnaker acquisition in 2023 was great fit, extended RPC into other basins Now strong in Permian, Eagle Ford and Mid- Con, further opportunities to grow Diversified customer base Low capital intensity Possible M&A All Other, 8%* Includes Rental Tools, Nitrogen, Snubbing, Water Management, etc. Some M&A opportunities Low capital intensity and solid margins * % of revenues based on full year 2025, pro forma for April 1, 2025 acquisition of Pintail Completions (wireline) Downhole Tools, 23%* Smaller total addressable market than pressure pumping TTS has strong market share Strong innovation, R&D, patent portfolio Premium customer base Geographically diversified Low capital intensity Possible M&A Coiled Tubing, 9%* Delivering improved returns with recent capital investments Over 30 units: 2/3rds larger diameter units, 1/3rd smaller units for special projects Diversified customer base Medium capital intensity U.S. market is fragmented… Growth opportunities through M&A
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11 PRESENTATION AGENDA Business Overview & Financial Goals Industry Key Themes & Business Overview Strategic Imperatives, Framework & Actions Financial Performance
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12 LOREM IPSUM HERE Subtitle Strategic Imperatives We believe these imperatives represent our keys to success in achieving our corporate objective. Improve margins, innovate and optimize assets Rebalance portfolio, grow high-return service lines Increase operational scale and leverage costs through M&A Strengthen and “upgrade” customer mix Create long-term shareholder value by delivering world-class oilfield services to our customers with a conservative financial management approach With 1) increased scale, 2) track record of successfully acquiring and integrating solid businesses, and 3) a robust M&A pipeline to drive further growth, RPC should have greater strategic and financial optionality
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13 Strategic Framework How we generate, distribute, and grow our cash flow How we generate cash flow Day-to-day operations Tactical approach to winning in the marketplace Focus on customer acquisition and retention, well-site execution, profitability Capital Allocation What we do with our cash flow Balance growth investments with return of capital through dividends and buybacks Conservative approach; prudent use of leverage How we invest to grow our cash flow Prioritizing areas for investment… both organic (innovation and capacity) and M&A with potential to use cash or equity Driven by returns, competitive position and attractiveness of service lines (differentiation, competition, demand trends)
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14 Strategic Framework All actions we take are aligned with our strategic imperatives Operations Drive a culture of highly engaged and empowered employees Provide safe, high quality, well- maintained equipment Deliver outstanding service and strong logistical support Maintain a flexible cost structure Profitably optimize asset utilization Avoid wearing out capital intensive assets on low-return projects; idle equipment as appropriate Capital Allocation Maintain a conservative capital structure to ensure liquidity during downturns Rigorously manage working capital to maximize cash flow Balance investments in the Company (both organic and M&A) and returns to shareholders Pay regular quarterly dividends; no planned significant special dividends Maintain an active opportunistic share buyback program Growth Remain highly disciplined when organically adding new incremental revenue-producing equipment Differentiate with innovative new products and specialized services Invest for growth in service lines with high returns and strong free cash flow Acquire high-quality companies (at reasonable valuations) that would increase our operational scale, rebalance service line mix, diversify our basin exposures, and strengthen our customer mix; many suitable targets Favor domestic operations
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15 Growth Strategy Executing growth strategy drives credibility, creates long-term value and ultimately supports strategic optionality Use our strong balance sheet to make strategic acquisitions and organic investments to: - Increase operational scale and leverage costs - Rebalance service line portfolio - Strengthen customer mix - Improve margins and free cash flow
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16 Strategic Actions We have, and will continue to execute, a variety of actions Spinnaker (Cementing) (2023) - Build pipeline of additional tuck-ins - Explore larger, more transformative deals M&A New products and services Monetize assets Cost reductions IT projects Organic Pintail (Wireline) (2025)
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17 Organic Action Plans Win in the marketplace by distinguishing ourselves with best-in-class service, operations, customer support and technology Upgrade pumping fleets to Tier 4 DGB while decommissioning legacy Tier 2 diesel assets (no capacity growth) Consider options to offer electric fleets (outsource, partnerships/JVs) Innovation in Downhole Tools, such as new motors, and revolutionary plug technology solutions Pursue unique/proprietary specialized services such as plug and abandonment work Products & Services Closed pressure pumping Kilgore operation Pumping and other service lines are evaluating headcount vs expected activity levels Optimize sourcing solutions (rent vs own): e.g., CPC purchased a rental item after pricing increased 3x, 18- month payback from cost avoidance Evaluate locations with suboptimal financial performance for closure Cost Reductions Update systems to drive real-time access to accurate information for analysis to drive better business decisions, improve financial reporting processes and guard against cyber-security threatsIT Projects Explore potential sales of non-core real estate holdings Explore divesting small, non-core service lines to simplify our portfolio of service lines Monetize Assets
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18 Investing in Assets and Innovation RPC is focused on upgrading its assets and equipment and developing differentiated products, services and technologies Drill-out Motors Downhole Tools Launched new 3.5-inch motor in mid-2024 Model delivers industry- leading performance - power, reliability, and efficiency in demanding drilling environment Engineered to deliver exceptional torque output while maintaining an ultra-low pressure drop Plug & Abandon Coiled Tubing Specialized capabilities to address unique P&A project opportunities Proprietary directional drilling and magnetic ranging to identify points of dislocation in downhole casing due to seismic shifts Proven technology, potential demand ramp as regulations require E&P actions Perf Plugs Downhole Tools Launched proprietary and innovative Unplug system in late 2024 Potential to disrupt $500 million frac plug market Perf Pods to block flow at each individual perforation, with numerous performance and risk advantages Feedback and initial orders from customers have been very positive New Fleets Pressure Pumping Tier 4 dual-fuel pressure pumping fleets are preferred asset for investment Have 3 Tier 4 DGB fleets Purchased 1 fleet in 2023 and another in 2024 Approximate capital investment of $50 to $60 million per fleet
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19 PRESENTATION AGENDA Business Overview & Financial Goals Industry Key Themes & Business Overview Strategic Imperatives, Framework & Actions Financial Performance
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20 Company Snapshot Financial & Capital Returns 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Return on Invested Capital(1) (1) Calculated as operating cash flow / average invested capital (2) Free cash flow is a non-GAAP measure, please refer to non-G AAP disclosures and reconciliations in the appendix of this presentation 21% 10-year average ROIC, with resilience even during pandemic; track record of dividends and buybacks Despite an often volatile industry, RPC has prudently managed operational and financial risk while delivering strong returns on capital and returning excess cash to investors • 10-year cumulative operating cash flow: $2.1 billion • Free cash flow(2) during the period was over $639 million of which roughly $417 million was returned to shareholders Capital Expenditures, $1,466 Dividends, $300 Share Repurchases, $117 Acquisitions, $232 10-year Capital allocation
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21 Company Snapshot Annual Financial Results & Trends 202520242023$000s (except EPS) $1,626,566$1,414,999$1,617,474Revenues $32,080$91,444$195,113Net Income 2.0%6.5%12.1%Net Income Margin $0.15$0.43$0.90EPS $0.25$0.43$0.97Adjusted EPS (1) $232,668$232,967$374,394Adj. EBITDA (1) 14.3%16.5%23.1%Adj. EBITDA Margin (1) $201,331$349,386$394,763Operating Cash Flow $148,407$219,330$181,005Capital Expenditures 9.1%15.5%11.2%Capex as % of Revenues $52,924$129,456$213,758Free Cash Flow (OCF less Capex) (1) 153,420-$78,798Acquisitions $35,122$34,443$34,562Dividends $2,868$9,938$21,088Share Repurchases Despite challenging and competitive industry, RPC has delivered generated cash flow and remains debt-free (1) Adjusted EPS, Adjusted EBITDA, Adjusted EBITDA Margin and free cash flow are non-GAAP financial measures, please refer to non-GAAP disclosures and reconciliations in the appendix of this presentation
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22 Company Snapshot Third Quarter 2026 Earnings Release Summary Third Quarter 2026 Highlights • Revenues increased 1% sequentially to $467.7 million. • Net loss, including non-cash impairment charges, was $41.9 million, compared to Net income of $12.1 million in the prior quarter, and Loss per share was $0.20; Net loss margin was 9.0% compared with Net income margin of 2.6% in 2Q:26. • The Net loss in the third quarter included non-cash impairment charges of $74.5 million related to Pintail, our wireline business. Impairment charges reflect Pintail’s persistent pricing weakness as well as lower activity and cost pressure. See discussion below and Appendices A through C. • Adjusted net income was $22.8 million, compared to $17.8 million in the prior quarter, and Adjusted diluted earnings per share (EPS) was $0.10; Adjusted net income margin was 4.9%. See Appendices B and C for additional details. • Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $71.5 million, compared to $66.0 million in the prior quarter; Adjusted EBITDA margin was 15.3% compared with Adjusted EBITDA margin of 14.3% in 2Q:26. See Appendix C for additional details. • The Board of Directors declared a regular quarterly cash dividend of $0.04 per share, payable on December 10, 2026, to common stockholders of record at the close of business on November 10, 2026. Management Commentary “During the quarter, Revenues improved, reflecting continued strength across several of our service lines. Within our Technical Services segment Cudd Pressure Controls’ Coiled Tubing, Nitrogen, and Snubbing revenues each grew double digits, partially offset by lower Pintail Wireline revenues. Our Support Services segment revenues grew 3% sequentially led by Patterson Rental Tools, which increased 7%. Our results benefited from improved profitability across much of our portfolio, demonstrating the value of RPC’s diversified service offerings.” “While the oilfield services market remains very competitive, drilling and completion activity has improved during the year resulting in higher customer activity levels in several of our service lines. Current oil prices are supporting a more favorable operating environment. At the same time, inflationary pressures across several expense categories, particularly labor, trucking and fuel, continue to create cost pressures.” “The breadth of our service offerings, strong balance sheet and disciplined capital allocation strategy continue to position RPC to respond to changing customer activity levels while pursuing opportunities that enhance long-term shareholder returns,” stated Ben M. Palmer, RPC’s President and Chief Executive Officer.
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THANK YOU 23 Corporate Headquarters: 2801 Buford Highway NE Suite 300 Atlanta, GA 30329 (404) 321-2140 IRDept@RPC.net RPC.net
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24 Financial Results
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25 NON-GAAP MEASURES RPC, Inc. may use the non-GAAP financial measures of EBITDA, Adjusted operating income, Adjusted net income, Adjusted net income margin, Adjusted earnings per share, Adjusted EBITDA, Adjusted EBITDA margin and free cash flow in today's earnings release. These measures should not be considered in isolation or as a substitute for performance or liquidity measures prepared in accordance with GAAP. Management believes that presenting these non-GAAP measures, other than free cash flow, enables investors to compare the operating performance of our core business consistently over various time periods, without regard to impairment charges, acquisition related employment costs and changes in estimated useful lives for purchases of wireline cables, and in the case of Adjusted EBITDA and Adjusted EBITDA margin, without regard to changes in our capital structure. Management believes that free cash flow, which measures our ability to generate additional cash from our business operations, is an important financial measure for use in evaluating RPC's liquidity. Free cash flow should be considered in addition to, rather than as a substitute for, net cash provided by operating activities as a measure of our liquidity. Additionally, RPC’s definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures, due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, management believes it is important to view free cash flow as a measure that provides supplemental information to our Condensed Consolidated Statements of Cash Flows. A non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that either 1) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows, or 2) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Set forth in the appendices at the end of this presentation are reconciliations of these non-GAAP measures with their most directly comparable GAAP measures.
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26 NON-GAAP MEASURES
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27 NON-GAAP RECONCILIATION
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28 NON-GAAP RECONCILIATION
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29 NON-GAAP RECONCILIATION