Ducommun Incorporated · NYSE:DCO
Ducommun — Investor Presentation (2026)
26 slides from Ducommun's investor presentation, 2026
Slide 1: Investor Presentation Q3 2026
Investor Presentation Q3 2026
Slide 2: Disclosures
Disclosures Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be preceded by, followed by or include the words “believes,” “expects,” “anticipates,” “intends,” “
Slide 3: Oldest Company in California Still Active Today
Oldest Company in California Still Active Today 1849 1950s 2000s 2022+ Post pandemic Founded as a Becomes largest Expands into watch business, metals materials Engineered lays out VISION & then general supplier to the Products through 2027 roadmap. store, during Aerospace industry strategic Gold Rus
Slide 4: Evolution of Ducommun's Financial Profile
Evolution of Ducommun’s Financial Profile FY 2016 LTM Q3 2026 Change ($ millions Market Statistics Except EPS) Market $286 $2,653 827% Capitalization1 Enterprise $449 $2,864 538% Value2 Net Revenues $551 $878 59% Adjusted EPS3 $1.21 $4.29 255% Financial Adj. EBITDA $55 $151 172% Adj. EBITDA % 10% 17
Slide 5: Our Company
Our Company LTM Q3 2026 LTM Q3 2026 Adjusted Q3 2026 Diverse Product Content on Large and Growing Platforms… Revenue: EBITDA Margin: Ending RPO: $878M 17.2% $1.3B Missiles & Radar Commercial & Business Aircraft Other 5% Revenue by End PAC-3 Tomahawk B737 Family A320 Market1 Military & Commercial Spa
Slide 6: Our Segments
Our Segments Engineered Products Electronic Systems Structural Systems (57% of LTM Q3 2026 Revenue) (43% of LTM Q3 2026 Revenue) Overview Innovative and ruggedized electronic and Engineered aerostructure electromechanical products and assemblies components and assemblies Financial Revenue $497mm $38
Slide 7: Expanded Portfolio of Engineered Products
Expanded Portfolio of Engineered Products 2021 Acquisition 2019 Acquisition 2023 Acquisition 2017 Acquisition 2018 Acquisition Human Ammunition Machine Aerodynamic Lightning Thermoplastic Magnetic Seals Handling RF Switches Motion Control Interface Systems Protection Extrusions Systems Products Push
Slide 8: Differentiated Manufacturing Services Capabilities
Differentiated Manufacturing Services Capabilities Titanium Hot & Circuit card assemblies Ruggedized Complex Stretch Form VersaCore Composites SuperPlastic forming & box builds Interconnects & Chem Mill Significant trusted, low-cost, secured domestic footprint Unique capability to stretch Proprietar
Slide 9: VISION 2027 – Performance against Key Metrics
VISION 2027 – Performance against Key Metrics Revenue Adj. EBITDA Margin (%) EP1 % Revenue ($ millions) LTM 2026 2026 Q3 at 2026 Q3 at Q3 at $878M ~ 950 – 17.5% 24% 25% 1,000 ~18% 13% 15% 713 2022 Vision 2022 Vision 2022 Vision 2027 2027 2027 2027E 2027E 2027E ~$950M+ ~18% ~25% On Track to Meet or E
Slide 10: VISION 2032
VISION 2032 Revenue Adj. EBITDA Margin (%) EP % Revenue ($ millions) 1.6- 1.7B 23% 40% ~ 950 – 18% 25% 1,000 713 13% 15% 2022 VISION VISION 2022 VISION VISION 2022 VISION VISION 2027 2032 2027 2032 2027 2032 600 bps expansion Increase by 17% Revenue growth of 10-11% over 2026E from 23% in LTM Q3 202
Slide 11: Our VISION 2032 Plan
Our VISION 2032 Plan 1 Double down on Engineered Products and Aftermarket revenues organically VISION 2032 Goals 2 Step-up acquisition size (up to 3-5x) and pace of Engineered Product & Aftermarket businesses Revenue Adj. EBITDA % $1.6 - 1.7B 23% 3 Drive robust growth in Defense Revenues across Miss
Slide 12: Double Down on Engineered Products ('EP')
Double Down on Engineered Products (‘EP’) Engineered Products Mix Aftermarket Mix % of Total Revenue % of Total Revenue 9% 23% 25% 40% 6% 13% 15% 20% 2032 Target 2017 LTM Q2 2026 2027 Target 2032 Target 2017 LTM Q2 2026 2027 Target New Product Pipeline Volume Growth Value Based Pricing Win new conte
Slide 13: Step up Acquisition Size & Pace for Engineered Products
Step up Acquisition Size & Pace for Engineered Products (‘EP’) Building out the Engineered Product Larger Acquisition(s) to Accelerate Mix Shift Continue Tuck-In Acquisitions Portfolio to 40% of Revenues Existing EP business Pro Forma Acquisitions (Carson Engineered Products) 2026E 2027E 2028E 2029E
Slide 14: Strong Growth in DCO Missile and Radar Revenues
Strong Growth in DCO Missile and Radar Revenues Incumbent Supplier on Expansive Portfolio of Missile & Radar Platforms 2x+ Tomahawk PAC-3 Iron Dome SPY-6 Revenue TOW THAAD AMRAAM MESA E-7 LTM Q2 VISION 2026 2032 DCO Missile and Radar SM3 SM6 Coyote C-UAS G/ATOR AN/TPY-2 franchise1 expected to grow a
Slide 15: DCO to Continue Pivot to New Defense Priorities
DCO to Continue Pivot to New Defense Priorities Positioning for the Changing needs of the Warfighter Broadening the Customer Portfolio Other Other Military Increase content with other defense primes Military Aircraft Aircraft Maintain Grow Missiles, Missiles, Radars, & EW Radars, & EW Missile Defens
Slide 16: Continued Recovery in Commercial Aerospace Build Rates
Continued Recovery in Commercial Aerospace Build Rates Large Commercial OEM Build Rate Forecast1 (Number of Aircraft) 2026-2032 CAGR 6.4% Large Commercial OEM build rates expected to grow Narrowbody Widebody 2,118 at 6.4% through 2032 2,045 2,100 1,921 1,853 Destocking is expected to be largely
Slide 17: Well Positioned on Key Commercial Aerospace Platforms
Well Positioned on Key Commercial Aerospace Platforms Shipset value estimate Boeing Recovery Play – Content on MAX and 787 Growth with Airbus Platforms Business Jet and Commercial Rotorcraft Significant content with titanium superplastic 3X growth in revenues from Airbus platforms Ducommun awarded G
Slide 18: Our VISION 2032 Plan
Our VISION 2032 Plan 1 Double down on Engineered Products and Aftermarket revenues organically VISION 2032 Goals 2 Step-up acquisition size (up to 3-5x) and pace of Engineered Product & Aftermarket businesses Revenue Adj. EBITDA % $1.6 - 1.7B 23% 3 Drive robust growth in Defense Revenues across Miss
Slide 19: Appendix
=>) Ducommun Appendix
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures Note Regarding Non-GAAP Financial Information: This presentation contains non-GAAP financial measures, including Adjusted EBITDA (which excludes interest expense, income tax expense, depreciation, amortization, stock-based compensation expense, restructuring charges, gain
Slide 21: Key Facts
Key Facts Ducommun Incorporated Exchange: Ticker symbol NYSE: DCO Share price(1) $175.39 52-week high / low share price(2) $210.39 / $84.76 Common shares outstanding(3) 15.1 million Market cap(3) $2.7 billion Cash(3) $39.2 million Net debt outstanding(4) $211 million Enterprise value (5) $2.9 billio
Slide 22: Historical Key Financial Data
Historical Key Financial Data Historical Key Financial Data ($ millions, unless stated otherwise) Year Ending LTM 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 2026 Revenue 551 558 629 721 629 645 713 757 786 825 878 Adj. EBITDA 55 54 71 92 88 93 95 102 116 136 151 Adj. EBITDA % 10% 10% 11% 1
Slide 23: Adjusted EBITDA for 2016 through Q3 2026
Adjusted EBITDA for 2016 through Q3 2026 LTM Q3 ($ millions) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Net Revenues $ 551 $ 558 $ 629 $ 721 $ 629 $ 645 $ 713 $ 757 $ 786 $ 825 $878 Net Income $ 25 $ 20 $9 $ 32 $ 29 $ 136 $ 29 $ 16 $ 22 ($37) $54 Interest Expense 9 9 13 18 14 11 12 21 15
Slide 24: Non-GAAP Reconciliation of Adjusted Net Income
Non-GAAP Reconciliation of Adjusted Net Income LTM Q3 2016 2026 ($ millions, except EPS) GAAP Net Income $25.3 $53.5 GAAP EPS 1 $2.24 $3.55 Restructuring Charges - 0.6 Guaymas Fire Related Expenses - - Insurance Recoveries Related To Business Interruption - - Inventory Purchase Accounting Adjustment
Slide 25: Additional Information
Additional Information For additional information on Ducommun Incorporated, please refer to the Company’s Investor Day Presentation from September 17th, 2026 which can be found on the Company’s Investor Relations tab at www.Ducommun.com 25
Slide 26: Explore More
EXPLORE MORE Visit Ducommun.com