Exhibit (c)(v)

 DRAFT  All numbers and references herein are highly preliminary and subject to material refinement  Project Kona | Management LTP Update  October 2025  Exhibit (c)(v) 
 
 PRELIMINARY, ILLUSTRATIVE DRAFT – FOR REFERENCE ONLY AND SUBJECT TO MATERIAL CHANGE  5+7 vs. 9+3 Management LTP  Comparison of prior Management LTP and updated model ($m)  Comparison  Year   Prior LTP (5+7)   2025E 2026E 2027E 2028E 2029E  Updated Model (9+3)  Difference (9+3 - 5+7)  2025E  2026E  2027E  2028E  2029E  2025E  2026E  2027E  2028E  2029E  Connectivity revenue  $225.7  $236.6  $260.2  $285.5  $313.2  $225.8  $238.7  $260.2  $285.5  $313.2  $0.1  $2.1  -  -  -  % growth - YoY  4.8%  10.0%  9.7%  9.7%  5.7%  9.0%  9.7%  9.7%  91bps  (99bps)  -  -  Solutions revenue  64.3  58.9  57.9  58.9  60.0  64.2  56.8  57.9  58.9  60.0  ($0.1)  ($2.1)  -  -  -  % growth - YoY  (8.4%)  (1.8%)  1.7%  2.0%  (11.6%)  1.9%  1.7%  2.0%  (320bps)  372bps  -  -  Total Revenue  $290.0  $295.5  $318.1  $344.3  $373.2  $290.0  $295.5  $318.1  $344.3  $373.2  - -  -  -  -  % growth - YoY  1.9%  7.6%  8.3%  8.4%  1.9%  7.6%  8.3%  8.4%  -  -  -  -  Connectivity Gross Profit  $136.8  $143.0  $157.7  $173.3  $190.1  $135.1  $145.1  $157.7  $173.3  $190.1  ($1.7)  $2.1  -  -  -  % connectivity revenue  60.6%  60.4%  60.6%  60.7%  60.7%  59.8%  60.8%  60.6%  60.7%  60.7%  (79bps)  36bps  -  -  -  Solutions Gross Profit  26.1  23.4  22.3  22.3  22.3  25.0  21.2  22.3  22.3  22.3  (1.1)  (2.1)  -  -  -  % solutions revenue  40.6%  39.7%  38.6%  37.9%  37.2%  38.9%  37.4%  38.6%  37.9%  37.2%  (167bps) (228bps)  -  -  -  Gross profit  $162.9  $166.3  $180.0  $195.6  $212.4  $160.1  $166.3  $180.0  $195.6  $212.4  ($2.8) -  -  -  -  % margin  56.2%  56.3%  56.6%  56.8%  56.9%  55.2%  56.3%  56.6%  56.8%  56.9%  (98bps)  -  -  -  -  SG&A  ($100.9)  ($103.3) ($106.4) ($109.6) ($113.0)  ($101.9)  ($103.9)  ($106.4)  ($109.6)  ($113.0)  ($1.0)  ($0.6)  -  -  -  % revenue  34.8%  35.0% 33.4% 31.8% 30.3%  35.1%  35.2%  33.4%  31.8%  30.3%  35bps  21bps  -  -  -  Total TSA & Royalty income  $0.7  $0.9  $0.8  $0.8  $0.9  $4.7  $0.7  $0.8  $0.8  $0.9  $4.0  ($0.2)  -  -  -  Adjusted EBITDA  $62.7  $64.0  $74.4  $86.9  $100.3  $62.8  $63.1  $74.4  $86.9  $100.3  $0.2  ($0.8)  -  -  -  % margin  21.6%  21.6%  23.4%  25.2%  26.9%  21.7%  21.4%  23.4%  25.2%  26.9%  6bps  (28bps)  -  -  -  Labor CapEx  ($7.4)  ($7.7)  ($7.3)  ($7.5)  ($7.8)  ($7.2)  ($6.9)  ($7.3)  ($7.5)  ($7.8)  $0.3  $0.8  -  -  -  PP&E CapEx  (2.9)  (2.5)  (2.1)  (2.3)  (2.5)  (2.9)  (2.5)  (2.1)  (2.3)  (2.5)  -  -  -  -  -  CapEx and Cap Labor  ($10.3)  ($10.2)  ($9.4)  ($9.8)  ($10.2)  ($10.1)  ($9.4)  ($9.4)  ($9.8)  ($10.2)  $0.3  $0.8  -  -  -  % revenue  3.6%  3.5%  3.0%  2.8%  2.7%  3.5%  3.2%  3.0%  2.8%  2.7%  (10bps)  (28bps)  -  -  -  Adj. EBITDA - CapEx  $52.3  $53.8  $65.0  $77.1  $90.1  $52.8  $53.8  $65.0  $77.1  $90.1  $0.5 -  -  -  -  % margin  18.0%  18.2%  20.4%  22.4%  24.1%  18.2%  18.2%  20.4%  22.4%  24.1%  16bps  -  -  -  -  Memo:  Cash Bonus (STI and LTI)  $6.4  $6.8  $7.0  $7.8  $8.7  $5.6  $6.8  $7.0  $7.8  $8.7  ($0.7)  -  -  -  -  Integration-Acquisition related  (15.4)  (2.0)  (2.0)  -  -  (18.8)  (2.0)  (2.0)  -  -  (3.4)  -  -  -  -  2 
 
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