Finning International Inc. · TSX:FTT
Finning International — Investor Presentation (September 2025)
17 slides from Finning International's investor presentation, September 2025
Slide 1: September 2025 Investor Presentation
September 2025 Investor Presentation ▪ See slides 16 and 17 for important information on forward-looking information, currency, and specified financial measures, including non-GAAP financial measures ▪ Unless otherwise noted, all figures presented are for continuing operations; please refer to Q2 20
Slide 2: Finning Overview
Finning Overview Finning is the largest Caterpillar dealer and is diversified by geography, customer base, product, and sector South America YT NU 38% of Revenue (1) UK & Ireland NWT Canada 49% of Revenue (1) Bolivia 13% of Revenue (1) BC AB Chile SK Argentina Ireland United Kingdom Technicians ~6,0
Slide 3: Executing Our Strategy – Q2 2025
Executing Our Strategy – Q2 2025 Q2 2025 Revenue Equipment Backlog (2) $2.6B $3.0B ~50% international revenue (1) Up $170M vs Mar 2025 Product Support Full Cycle Resilience Sustainable Growth Product Support Technician Increase SG&A Invested Capital Power Systems Rental Revenue South America Margin
Slide 4: Strategy Execution is Resulting in Improved Earnings Power
Strategy Execution is Resulting in Improved Earnings Power Driving Product Support… … + Full Cycle Resilience… …Leading to Earnings Growth Product Support Revenue SG&A Margin (1) Adjusted Earnings Per Share In CAD billions $5.7 SG&A margin goal of 21.0% $3.77 $3.61 $3.80 $5.4 $5.5 20.3% <17% in a st
Slide 5: Improved Earnings and Capital Efficiency Driving ROIC
Improved Earnings and Capital Efficiency Driving ROIC EBIT Growth and Margin… ... + Capital Efficiency Focus …Sustainably Higher ROIC Adjusted EBIT and Adjusted EBIT Margin(1) Invested Capital Turnover Adjusted Return on Invested Capital In CAD millions 9.8% 9.2% 2.28x 20.7% 8.0% 8.3% 8.2% 19.5% 2.1
Slide 6: Balanced and Consistent Approach to Shareholder Returns and Leverage
Balanced and Consistent Approach to Shareholder Returns and Leverage Share Repurchases Consistent Dividend Growth Strong Balance Sheet Weighted Average Shares Outstanding Annual Dividend Net Debt to Adjusted EBITDA (2) In millions $1.210 162.3 161.1 1.8x $1.075 1.7x 154.7 1.6x 1.6x $0.986 1.4x 147.5
Slide 7: Reduced Cyclicality: Transformed Finning Business Coupled with Stable End Markets
Reduced Cyclicality: Transformed Finning Business Coupled with Stable End Markets Canada Oil Sands Mining Industry Capex (1) Chile Mining Industry Capex (4) Country Level Product Support Revenue Mix 45 % 55 % 61 % 51 % 68 % 63 % 2010-2014 2015-2020 2021-2025 2010-2014 2015-2020 2021-2025 (Average) B
Slide 8: Key Business Drivers – Canada Mining
Key Business Drivers – Canada Mining Oil Sands Market Fundamentals Mining Business Overview Oil Sands Mined Ore Volume (1) As at Jun 30, 2025 # of Active Units CAT 797 Truck Population ~1,300 Million Tonnes Cumulative Trucks in Service Large Mining Trucks 1,012 1,019 793, 789, 785, 777 980 450 942 8
Slide 9: Western Canada – New Projects and Outlook
Western Canada – New Projects and Outlook (1,2) Selected Potential Greenfield Mining Projects (2) Selected Large Scale Oil and Gas Projects (2) ➢ KSM (Gold-Copper) ➢ Kudz ze Kayah (Copper-Zinc) Prince Rupert Gas Transmission Project ▪ World’s largest undeveloped ▪ Expected annual production of ▪ ~80
Slide 10: Key End Markets – Power Systems Overview
Key End Markets – Power Systems Overview Includes a power rental business serving customers across a variety of applications Finning Power Systems Electric Power Oil and Gas General Applications ▪ Primary and peak applications ▪ Gas Compression ▪ Industrial and marine ▪ Grid power infrastructure ▪ W
Slide 11: Key Business Drivers – Power Systems – All Regions
Key Business Drivers – Power Systems – All Regions Sustainable Growth Power Systems Equipment Backlog Product Support Revenue $1.0B 88% 8% Jun 2025 vs Jun 2024 H1 2025 vs H1 2024 ▪ Capturing key opportunities in electric power generation, data centre, and oil & gas markets ▪ Robust backlog with deli
Slide 12: Growth Outlook – Power Systems – All Regions
Growth Outlook – Power Systems – All Regions (1) Canada South America UK and Ireland ▪ Increasing demand across most ▪ Increasing government spend on ▪ Leader in electric power project Power Product Support Revenue 2019 - LTM Q2 2025 11% CAGR key end markets 13%CAGR power infrastructure and data cen
Slide 13: Key Business Drivers – Chile Mining
Key Business Drivers – Chile Mining Copper Market Fundamentals Industry Investment Outlook (2) Chile Copper Ore Grade (1) CAT 798 | 794 Electric Drive Truck Population Proposed Capital Investment (3) Potential Productive Weighted Average Cumulative Trucks in Service 2024-2033 Capacity Increase (3) T
Slide 14: Potential for Significant Growth in Argentina
Potential for Significant Growth in Argentina (1) Improving Environment for Future Potential Activity ▪ RIGI Incentive (2) - 30 years of fiscal and legal incentives to foreign and domestic investors investing >US$200M in a project Currency ▪ 25% corporate tax rate, exemption from import and export d
Slide 15: Capital Allocation Priorities – Value Creation Focus
Capital Allocation Priorities – Value Creation Focus (1) Philosophy Allocate capital to maximize the Balanced approach to prioritize Consistent approach to provide discounted cash flow per share of both organic growth and stability and resiliency to our our business shareholders returns business for
Slide 16: Disclosures
Disclosures Forward-looking information This presentation includes “forward-looking information” (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections that we believe are reasonable as of the date of this presentation, but may ultimately
Slide 17: Disclosures
Disclosures Currency Monetary amounts referred to in this presentation are in Canadian dollars unless noted otherwise. All variances and ratios in this presentation are based on the functional currency of each operation (Canada: CAD, South America: USD, UK & Ireland: GBP). These variances and ratios
Finning International — Investor Presentation (September 2025) on 6ix