307 Physical World AI – Intelligent Grazing (Halter) = +150% Net-New Livestock Collars Contracted Y/Y Halter AI-Driven Intelligent Grazing *2025 figures annualized as of Q1:25. Source: Halter (5/25) We’ve seen firsthand the care and dedication ranchers have for their land and animals. We’ve also seen how agriculture, one of the oldest and most vital industries, has yet to receive the full benefits of modern technology. This leaves enormous opportunity for ranchers to unlock greater productivity and sustainability across their operations. We believe grazing management holds the key. Effective rotational grazing enables more efficient use of natural resources and increased productivity, while also enhancing soil health and improving root structures to sequester more carbon. We don’t believe more productivity needs to come at the cost of sustainability. We can do good for ranchers, and the planet. - Halter (as of 5/25) Halter Net New Collars Contracted (K) – 2023-2025*, per Halter Net New Collars Contracted, K AI & Physical World Ramps = Fast + Data-Driven 0 200 400 2023 2024 2025*