Slide 1: Boyd Group Services Inc. Investor Presentation May 2026
Boyd Group Services Inc. INVESTOR PRESENTATION May 2026 Internal
Slide 2: Forward-Looking Statement
Forward-Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 2 Forward-Looking Statement This presentation contains forward-looking statements, other than historical facts, which reflect the view of the Company’s mana
Slide 3: 2025 Financial Highlights and Growth Opportunity
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 3 2025 FINANCIAL GROWTH OPPORTUNITY LONG-TERM GROWTH AND HIGHLIGHTS MARGIN GOALS $3.1B Revenue Boyd is the 2nd largest 3-5% Average Annual SSSG 1 independen
Slide 4: Leading Player in the North American Collision and U.S. Glass Industries
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 4 Leading Player in the North Boyd Group’s Collision Location Footprint American Collision and U.S. Glass Industries • The second largest collision repair o
Slide 5: A Trusted Partner to Insurance Customers
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 5 Vehicle Owner Has Accident A Trusted Partner to Insurance Customers Boyd Grows and Gains More Insurer Vehicle Owner Relationships Calls Insurer • Direct R
Slide 6: A Commitment to Operational Excellence
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 6 Best-in-Class Service Provider • Average cost of repair • Cycle time • Customer service • High-quality repairs • Integrity in every interaction WOW Operat
Slide 7: Joe Hudson's Acquisition: Accelerating Boyd's Scale, Density & Market Leadership
Forward Looking Statements Company Profile TheBusiness The Business Market Overview Long-Term Goal Joe Joe Hudson’s Hudson’s Acquisition Acquisition Financial Review Executive Team 7 Joe Hudson’s Acquisition: Accelerating Boyd’s Scale, Density & Market Leadership BUILDING DENSITY ACROSS THE US SOUTH
Slide 8: Synergies + Store Maturation Unlocks Meaningful Adj EBITDA Upside Potential
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 8 Synergies + Store Maturation Unlocks Meaningful Adj EBITDA Upside Potential SYNERGIES: STORE MATURATION: MEANINGFUL ADJUSTED EBITDA ~$40M ~$24M IN ADJUSTE
Slide 9: A Highly Fragmented Industry TAM: ~$50B
Forward Looking Statements Company Profile The Business MarketOverview Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 9 A Highly Fragmented Industry Despite ongoing consolidation, the collision repair market Other remains highly fragmented. 7% • The industry
Slide 10: Quarterly Same-Store Sale Volatility, Consistent Long-Term Performance
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 10 Quarterly Same-Store Sale Volatility, Consistent Long-Term Performance Boyd’s Quarterly Same-Store Sales Growth 30.0% 5-Year Average1: 8.1% 10-Year A
Slide 11: Industry Drivers Normalized in 2025 After a Period Of Significant Volatility Post Covid
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 11 Industry Drivers Normalized in 2025 After a Period Of Significant Volatility Post Covid Auto Insurance Premium Growth Used Car Prices Returned Growth In
Slide 12: Long-Term Total Cost Of Repair Growth Supported By Inflation And Vehicle Complexity
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 12 Long-Term Total Cost Of Repair Growth Supported By Inflation And Vehicle Complexity Long-Term Growth in Parts & Labour Inflation Increased Complexity Of
Slide 13: New Unit Growth Augments Organic Expansion
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 13 New Unit Growth Augments Organic Expansion Boyd Group’s Total North American Locations* 1,315 1,043 942 984 848 860 698 741 611 509 351 404 2015 2016 201
Slide 14: Varying Ramp-Up Times, Consistently Strong Returns
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 14 SINGLE SHOP GROWTH Varying Ramp-Up Times, Consistently Strong Returns Sales Adjusted $000s EBITDA% 4,000 25.0% Single Acquisition 3,500 20.0% Maturation
Slide 15: Proven Success in Driving Value Through Single Shop Acquisitions
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 15 Proven Success in Driving Value Through Single Shop Acquisitions Value Creation Levers Single Shop Acquisition Adj. EBITDA Margins Client Relationships +
Slide 16: Sustain Our Market Leadership and Accelerate Our Profitability
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 16 OUR GOAL Sustain Our Market Leadership and Accelerate Our Profitability Ambition “WOW” every customer as the most profitable industry consolidator, while
Slide 17: Executing Our Proven Growth Playbook to Achieve Our Revenue Goal
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 17 Executing Our Proven Growth Playbook to Achieve Our Revenue Goal $5B • Incorporating a return to a normalized +5-7% repairable claims environment, enabli
Slide 18: Roadmap to 14%+ Adj EBITDA Margins Through Project 360 & Synergies
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 18 Roadmap to 14%+ Adj EBITDA Margins Through Project 360 & Synergies $140MM $30MM Project 360, our cost transformation plan, together with synergies from t
Slide 19: Disciplined Capital Allocation Focused on Growing the Business
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 19 Disciplined Capital Allocation Focused on Growing the Business Capital Allocation Breakdown #1 GROWTH INVESTMENTS—Acquisition & Growth Capex • Target: $1
Slide 20: Record Q1 Sales and Adjusted EBITDA Driven By Same-Store Sales and Strategic Acquisition
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 20 Record Q1 Sales and Adjusted IN US$ MILLIONS (except per share and % amounts) EBITDA Driven By Same-Store QUARTER ENDED Sales and Strategic Acquisition M
Slide 21: Balance Sheet Strength Supports Growth
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 21 Balance Sheet Strength IN US$ MILLIONS Supports Growth March 31, 2026 December 31, 2025 Cash $54.5 $1,228.6 Long-term debt $1,000.5 $937.9 Total (cash, n
Slide 22: Experienced Management Team Poised to Seize Market Opportunity
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 22 Experienced Management Team Poised to Seize Market Opportunity BRIAN JEFF KIM CREIGHTON STEPHEN STEVE ZACH KANER MURRAY MORIN WARREN BOYD HOEFT BALTHROP
Slide 23: Internal
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