Hillman Solutions Corp. · NASDAQ:HLMN
Hillman Solutions — Investor Day (March 2026)
98 slides from Hillman Solutions's investor day presentation, Mar 19, 2026
Slide 1: Hillman Solutions Investor Day 2026
Hillman Solutions Investor Day 2026 March 19, 2026 Cincinnati, OH
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements, including, but not limited to, certain Presentation of Non-GAAP Financial Measures plans, expectations, goals, projections, and statements, which are not historical facts and are subject In addition to the resu
Slide 3: Investor Day Agenda
Investor Day Agenda Today's program overview Interactive Sessions, Demos and Tours 8:30 Hillman Strong Our vision, strategy, and the key messages for today Three dedicated Q&A sessions, product demos, and site tours to follow 8:50 Owning & Expanding the Core A deep dive into how we win in our core b
Slide 4: Jon Michael Adinolfi - CEO
STRUNG Jon Michael Adinolfi - CEO
Slide 5: A Premier Category Leader
A Premier Category Leader 60+ years of fastener and hardware leadership Attractive Markets Operating in a $18B+ market** with strong secular tailwinds #1 ~$1.6B 17.7% Position Across Revenue Adjusted EBITDA Primary Categories* 2025 Margin 2025 Aging Millennial Aging Pro Strong position in our core f
Slide 6: A Track Record of Delivering Value
A Track Record of Delivering Value Executing and strengthening business since 2021 public debut 2021 $1.8B 23 60+ +65% 100%+ Became Market Vendor of the Years of Adj. Net Income Free Cash Flow Nasdaq Public Capitalization Year Awards Resilient 2025 vs. 2021 Avg. Conversion Company Since 2021 Growth
Slide 7: Compounded Profit Growth Ahead of Peers Since Public
Compounded Profit Growth Ahead of Peers Since Public Projected low-double-digit Adj. EBITDA CAGR on clean balance sheet provides compelling valuation upside Adj. Net Income CAGR Adj. EBITDA CAGR Adj. EBITDA Margin EV/Adj. EBITDA 2025 vs 2021 2025 vs 2021 2025 2025 13.8% 19.1% 20.0x 13.4% 17.1% 18.0x
Slide 8: Hillman's Platform For Growth
Hillman’s Platform For Growth Business mix based on 2025 revenue Fastening and Retail DIY United States Hardware 70% 90% 68% End Business Geography Market* Mexico & Robotics Industrial Retail Pro Other & Digital MRO Pro 14% 1% Personal Canada 15% 2% Distribution 9% Protective 14% 17% 8 * Management
Slide 9: Our Blueprint for Value Creation
Our Blueprint for Value Expand Categories Creation Adjacent Category Expansion Delivers Pure Incremental Growth The strategic pillars that will guide our path forward Own the Core VALUE Win the Pro CREATION Hillman’s Core Fastener and Advantages are Hardware-led Pro Hard to Replicate Channel Growth
Slide 10: Value Creation Catalysts
Value Creation Catalysts ies or Wi Resilient core business fortified by g n unique advantages serving as platform e th at for growth e dC Pro an Expansive largely untapped $18B+ TAM 0 to accelerate growth in adjacent Exp product categories and Pro channels ROIC Integrated operations and long-term Fo
Slide 11: Hillman's Path to $2.5 Billion of Net Sales
Hillman’s Path to $2.5 Billion of Net Sales Targeting an 8%-12% revenue CAGR over the next 5 years driven by multiple levers $2.5B • New Category Expansion $1.6B • Existing Category • Pro Distribution • Market Growth Expansion • Industrial MRO • Customer Footprint • Pro Channel • Category Penetratio
Slide 12: Our 5-Year Financial Objectives
Our 5-Year Financial Objectives Resilient by design, growth by discipline, high-quality earnings compounder Revenue Margin Maintain Strong ROIC Growth Expansion Balance Sheet Improvement 8-12% Low-Double-Digit <2.5x High-Teens Revenue CAGR Adj. EBITDA CAGR Target Net Leverage Target ROIC 12 Note: CA
Slide 13: A Team Built to Execute
A Team Built to Execute Blending deep experience with fresh perspectives Jon Michael Adinolfi Rocky Kraft James Daly Bob Davis Brett Hillman Amanda Kitzberger Chief Executive Chief Financial SVP, Pro EVP, Global Supply EVP, Sales Chief Legal Officer Officer Officer Chain 25+ years experience 30+ yea
Slide 14: Market Framing and Hillman Positioning
Market Framing and Hillman Positioning Attractive landscape to expand retail categories and win largely untapped Pro distribution customers Pro and Industrial Distribution Retail Pro Distribution Industrial MRO Description • Consumer and light • Serving contractors and builders • Industrial maintena
Slide 15: Strong Retail Position and Growing Pro Presence
Strong Retail Position and Growing Pro Presence Multi-lane growth strategy to pursue organic and bolt-on acquisition opportunities Pro and Industrial Distribution Retail Pro Distribution Industrial MRO Growing Pro with Partners Expanding in Distribution Master Distributor Model Expand share-of-walle
Slide 16: Owning & Expanding the Core
HILLMAN HLMN | Nasdaq Listes) OWNING: EXPANDINGS*. THE CORE \
Slide 17: How We Win the Core
How We Win the Core Our core business is fortified by unique competitive advantages. Our category leadership, innovation, integrated operations, sales and diverse customer categories form core operational competencies to drive sustained revenue and high margins. Brett Hillman - EVP, Sales 17
Slide 18: A League of Our Own
A League of Our Own Dominating the fastening & hardware categories Dominant Scale: Extensive purchasing power, product ~$1.6B #1 Position Across 90%+ breadth, and service infrastructure 2025 Revenue Primary Categories* Owned Brands* The Only Comprehensive Solution: The go-to category 25+ Years ~99%
Slide 19: Category & Brand Leadership
Category & Brand Leadership 90%+ of revenue from owned brands* driven by innovation across numerous categories and products Core & Specialty Paint & Cleaning Wall Hanging Rope & Chain Gloves Work Gear Fasteners Sundries Power Screws Builders Hardware Rods, Shapes & Sheets Anchors Keys Automotive Key
Slide 20: Why We Win: Our Core Operational Competencies
Why We Win: Our Core Operational Competencies Interlocking competitive advantages compared to industry players Extensive Product Breadth Field Sales Team Manage ~111,000 SKUs, offering retailers a one- 1,200+ sales & service representatives are our stop solution for complex categories eyes, ears, an
Slide 21: More Than a Vendor, We Are a Strategic Partner
More Than a Vendor, We Are a Strategic Partner Why the retailers rely on Hillman We Handle the Hard Part: Managing the complexity of tens of thousands of small SKUs, freeing up our customers' merchants Leading Service & Reliability: Our reps ensure shelves are stocked and organized to achieve high f
Slide 22: Diverse Customer Relationships Across Categories
Diverse Customer Relationships Across Categories Hillman’s revenue is distributed across thousands of distinct "Customer-by-Category" buyers Top-5 Customer Hundreds of Touchpoints: Supplying 10+ different Top-5 Customer1 departments within a single chain, mitigating concentration Top-5 Customer Bala
Slide 23: Expand Categories
Expand Categories We plan to build on our long history of growth by expanding with existing customers, winning the shelf with innovative offerings, and extending into adjacent aisles and new product categories through both initiatives and acquisitions. Brett Hillman - EVP, Sales 23
Slide 24: Structural Advantages Through Core Competencies
Structural Advantages Through Core Competencies Core operational competencies provide the foundation to expand with new and existing categories Extensive Direct-to-Store Category Global Field Sales Innovation Product Distribution Management Sourcing Team Breadth Structural advantages enable expansio
Slide 25: Category Expansion Continuing to Drive Share
Category Expansion Continuing to Drive Share Recent wins across customers and categories Won hardware business at Expanded new tool rig Displaced competitor to Numerous program existing big box customer innovation at existing big become primary supplier additions contributing to based on trust & har
Slide 26: Innovation Drives the Trade-Up
Innovation Drives the Trade-Up Moving shoppers from product mindset to value-added solutions Performance Innovation Materials Science Innovation From Basic to Premium 3X More Durable and 5X Abrasion Resistant A consumer traditionally buys a standard screw; they Shoppers upgrade from standard work gl
Slide 27: Retail Expansion Opportunities
Retail Expansion Opportunities Long runway to win in existing and new categories or aisles to increase sales per sq. ft. in retail locations NAILS & FLOOR ROPE & CABINET BUILDERS THREADED KEY & SCREWS WORKWEAR PROTECTION CHAIN HARDWARE HARDWARE ROD & SHEETS ACCESSORIES Hillman “owns” on LETTERS, ave
Slide 28: RDS Driving ROIC with the Newest MinuteKey Platform
RDS Driving ROIC with the Newest MinuteKey Platform Scott Moore – President, RDS 28
Slide 29: Robotics & Digital Overview
Robotics & Digital Overview RDS platform serving retail consumers nationwide Platform at Scale: 30,000+ machines across high- traffic retail locations MinuteKey Unmatched Quality: Manual Key 45% Cutting 100% assembled in USA - designed, 32% engineered, manufactured, and serviced in Tempe, AZ $220M R
Slide 30: MinuteKey V3.5 Unlocking New Growth Vectors
MinuteKey V3.5 Unlocking New Growth Vectors Transforming the duplication experience through platform innovation and expanded offerings Automotive Keys Endless Aisle • Traditional, transponder, (Ship-to-Home) Automated and smart fobs • 150+ different key types, and Self-serve Key • 1,200+ SKUs in the
Slide 31: MinuteKey V3.5 Expanding the Core to Automotive Keys
MinuteKey V3.5 Expanding the Core to Automotive Keys Leveraging our extensive retail footprint and premier reputation to capture an underserved market Hillman Target ~$250M ~30% Auto Keys 93% Duplication Hillman Market Today ~7% Convenience Cost Advantage Customer Validation <5 Minutes Up to 60% 91%
Slide 32: RDS Segment Financial Framework
RDS Segment Financial Framework 2025 Disciplined Actions Financial Objective • Capturing share in Auto RDS completing major $220M category investments and shifting focus to cash flow and returns Sales | Up 1.6% YoY • Strategic business wins Strong RDS contribution to Hillman growth and profitability
Slide 33: Our Global Supply Chain Moat
Our Global Supply Chain Moat Bob Davis - EVP, Global Supply Chain 33
Slide 34: Integrated Global Supply Chain: Our Structural Moat
Integrated Global Supply Chain: Our Structural Moat We own the process from factory to customer shelf, enabling direct control over cost, volatility, and delivery Global Global Customs Distribution Customer Sourcing Logistics & Trade Network Fulfillment Procure it Move it Clear it Ship it Stock it “
Slide 35: "Dual Faucet" Sourcing Agility to Optimize Landed Cost
“ Dual Faucet” Sourcing Agility to Optimize Landed Cost Continuous monitoring of total landed cost across network to pivot sourcing to most cost-effective origin …Determines Percent of Global Sourcing Spend Local Cost 2018 2025 YE 2026E 2018 2025 YE 2026E Actual Actual Actual Actual Capability Capab
Slide 36: 60+ Years of Trust with Suppliers
60+ Years of Trust with Suppliers Reliability through decades-long partnerships and quality assurance Long-Standing Rigorous Quality Supplier-Enabled Partnerships Assurance Continuity Decades-long Robust on-site audits Our partners often add relationships with key and continuous capacity or hold saf
Slide 37: Network Designed for Speed and Proximity to Customer
Network Designed for Speed and Proximity to Customer Inventory is positioned close to customers to improve speed, service levels and cost to serve <24hr ~97% Order receipt US customers to shipment reached within 2 Days* ~98% 24 Distribution and Manufacturing Avg. order Distribution and Centers fill
Slide 38: Building a Smarter, Faster Supply Chain
Building a Smarter, Faster Supply Chain Deploying state-of-the-art capacity, systems and data to drive scale, efficiency and returns Facility Upgrades and Renovations Since 2020 Warehouse Automation Robotic efficiencies • Distribution centers near Bakersfield, CA; Jacksonville, FL; Higher throughput
Slide 39: Supply Chain Moat Drives Margin and Free Cash Flow
Supply Chain Moat Drives Margin and Free Cash Flow Seamless global infrastructure purpose built for stability and outperformance Integrated Global “Dual Faucet” Supply Chain Sourcing Agility OUTCOME OUTCOME ~49% Adj. Gross Margin Enables direct control over cost, Structural cost advantage Up 630 bps
Slide 40: Empowered People, Efficient Operations
Empowered People, Efficient Operations Aaron Parker – Chief People Officer 40
Slide 41: People-First Culture Powering Sustainable Growth
People-First Culture Powering Sustainable Growth Building on decades of service excellence while evolving our capabilities for the future Service-Driven Foundation Public Company Discipline Strategic Growth Capability 58 Years as a Private Company Became Public Company in 2021 Building Hillman for t
Slide 42: Investing in Our People Drives Performance
Investing in Our People Drives Performance Our culture of safety and high retention fuels our core and strong financial performance Input Action Result Financial Outcome The Hillman Field Culture of Safety Industry-Leading Strong Margin Advantage & Development Retention Performance 1,200+ 1.81 ~9 Ye
Slide 43: The Hillman Group 2026 USA TODAY Top Workplaces Winner
The Hillman Group 2026 USA TODAY Top Workplaces Winner 43
Slide 44: Owning & Expanding the Core Q&A
Owning & Expanding the Core Q&A Leaders: Jon Michael Adinolfi - CEO Brett Hillman - EVP, Sales Scott Moore - President, RDS Bob Davis - EVP, Global Supply Chain Aaron Parker - Chief People Officer 44
Slide 45: HILLMAN
HILLMAN HLMN | Nasdaq Listed
Slide 46: Win the Pro
Win the Pro With our core secure, Hillman is firmly positioned to execute on major growth drivers. We will leverage our core competencies to extend our reach in professional contractor channels, unlocking scalable new revenue streams. Jon Michael Adinolfi - CEO 46
Slide 47: Where We Play and Where We'll Grow
Where We Play and Where We'll Grow Our current mix and untapped potential Current Mix: Retail Pro Over 80% of our business is retail-driven, 14% Significant allowing us to win new product categories through our deep relationships with big-box Pro Growth retailers and hardware stores. Distribution Fr
Slide 48: Enlarging Our Core Market Focus
Total Market: Enlarging Our Core Market Focus $18B+ From a ~$6.5B Core Market to a $18B+ Opportunity Expand Categories $18B+ Total Opportunity: Adding hundreds of millions in opportunity by cross-selling categories, such as fasteners rope & chain, and builders Current Market: ~$6.5B hardware, at exi
Slide 49: Market Framing and Hillman Positioning
Market Framing and Hillman Positioning Attractive landscape to expand retail categories and win largely untapped Pro distribution customers Pro and Industrial Distribution Retail Pro Distribution Industrial MRO Description • Consumer and light • Serving contractors and builders • Industrial maintena
Slide 50: Strong Retail Position and Growing Pro Presence
Strong Retail Position and Growing Pro Presence Multi-lane growth strategy to pursue organic and bolt-on acquisition opportunities Pro and Industrial Distribution Retail Pro Distribution Industrial MRO Growing Pro with Partners Expanding in Distribution Master Distributor Model Expand share-of-walle
Slide 51: Foothold in Professional Channels to Grow
Foothold in Professional Channels to Grow Hillman is expanding from a DIY-category leader to a complete hardware solution for the Pro ~$1.6B ~$460M We have been serving the Pro Total$1.6B Revenue YE 2026E Capability Pro Revenue for decades We already serve the Pro at retail and through our distribut
Slide 52: Multi-Lane Growth Strategy Across Pro
Multi-Lane Growth Strategy Across Pro Hillman has distinct and disciplined ways to drive growth across Pro channels Pro Distribution Scale Pro with Specialty Lumber & Building Retail Partners Distribution Materials Distribution Capitalize on $215M pro Leverage existing ~$100M ~$100M in current reven
Slide 53: Core Competencies to Win the Pro
Core Competencies to Win the Pro Structural and transferrable advantages to unlock the expansive market opportunity Pro Revenue Growth Profile Extensive Product Breadth Innovation ~$460M Category Management Field Sales Team 2025 Organic M&A 2030 Note: Growth bridge bar sizes are not drawn to scale.
Slide 54: Scaling Power Pro Product Line to $200 Million
Scaling Power Pro Product Line to $200 Million Products such as Power Pro can double revenue through deeper pro-channel penetration • Platform Strength Established Power Pro 25 years ago as a specialized product line; now a premier brand known for category- leading performance $200M+ • Substantial S
Slide 55: Retail Pro
Retail Pro Our longstanding retail partners are strengthening their Pro platforms and Hillman is preparing to scale with them, enabling a larger share-of-wallet of high-volume bulk orders. James Daly - SVP, Pro 55
Slide 56: The Pro Landscape With Retail Partners
The Pro Landscape With Retail Partners Retail partners serve the pro inside the store and increasingly at the job site Retail partners serve Pro customers Retailer partners also have dedicated inside the store and online businesses to serve Pros at job sites $215M Immense Opportunity To expand Hillm
Slide 57: Large Whitespace to Grow Pro with Retail Partners
Large Whitespace to Grow Pro with Retail Partners Longstanding retail partners are strengthening Pro platforms and Hillman is preparing to scale with them …Supports Hillman’s Pro Expansion 60+ Years of Retail Excellence... with Existing Relationships #1 Position Across Primary Categories Hillman Tea
Slide 58: Retail Partners Trust Hillman to Expand Pro with Them
Retail Partners Trust Hillman to Expand Pro with Them Product depth, sourcing advantage, credibility, and service mindset transfer to Pro channels Hillman Advantages in Pro Product Availability & Category Management Hillman’s ~111,000 SKUs already include the high- quality fasteners and hardware tha
Slide 59: Bulk Fastener Opportunity
Bulk Fastener Opportunity Scalable Pro channel organic growth example by closing the “attach-rate” gap A significant long-term opportunity where Hillman can win by simplifying procurement for Pro channel and increasing the fastener attach-rate gap with Hillman bulk programs and sourcing scale Long-T
Slide 60: Pro Distribution: Specialty
Pro Distribution: Specialty Our objective is to pursue high-return growth on existing operational capabilities to build upon our ~$100M specialty trade fasteners business and other existing relationships. Chris Martin - EVP, Commercial & Industrial Pro 60
Slide 61: Expansive Specialty Distribution Landscape
Expansive Specialty Distribution Landscape Target high-return growth serving specialty distributors through existing operational capabilities Product Availability Product Depth End User Application Specific Global Supply Chain Advantage Owned by Hillman Retail Partners Products, supply chain, sales
Slide 62: Specialty Distribution Capabilities in Action
Specialty Distribution Capabilities in Action ~$100M of current revenue from specialty product-led solutions for critical applications Metal Roofing Solutions Examples Powder-Coat Matching ~98% Avg Order Fill Rate* • We manage thousands of SKUs of color- matched fasteners Why We Win • A slate blue m
Slide 63: Pro Distribution: Lumber & Building Materials (LBM) End Market
Pro Distribution: Lumber & Building Materials (LBM) End Market Leveraging our existing ~$100 million of revenue across thousands of LBM customer showrooms to expand into the higher volume yard and bulk loading areas, converting small ticket packaged sales into pallet-scale project orders within the
Slide 64: LBM Customer Expansion from the Showroom to the Yard
LBM Customer Expansion from the Showroom to the Yard Selling small packs in the front and pursuing pallets in the back Project Lots/ Bulk Pallets Repair Jobs/ Small Ticket 64
Slide 65: Transferable Structural Advantages and Competencies
Transferable Structural Advantages and Competencies Core capabilities transfer efficiently from existing LBM customer showroom footprint to yard expansion Front Showroom Yard/ Loading Area Pro Product Selection Job-Lot Quantities Innovation Building Code Compliant + Category Management Application S
Slide 66: LBM Customer Penetration from Small Ticket to Bulk Order
LBM Customer Penetration from Small Ticket to Bulk Order Converting an existing ~$100M front showroom business into a total facility powerhouse Front Showroom Yard / Back Loading Area Today: Convenience Buys in Showroom Opportunity: Higher Volume Orders in Yard Current focus on 4-foot displays of re
Slide 67: M&A Strategy
M&A Strategy Build upon our long history of disciplined bolt-on acquisitions to expand categories and pro share of wallet, leverage our global sourcing platform and deliver accretive growth Michael Koehler – VP, IR, Treasury and M&A 67
Slide 68: Track Record of Compounding Accretive Growth
Track Record of Compounding Accretive Growth M&A experience built on 30+ deals successfully integrated and scaled over decades 60+ Years of Consistent Organic Growth and Bolt-Ons Platform Strength Industry leading position fortified through a $1.6B Revenue 2025 repeatable playbook of organic growth
Slide 69: Leveraging Core to Expand Across Each Channel
Leveraging Core to Expand Across Each Channel M&A strategy targeting specific strengths across our three key channels Expand Categories Pro Distribution Industrial Adjacent Categories Share-of-Wallet Master Distributor Model Acquire category players Acquire distributors in Plug master distributors i
Slide 70: Adjacent Category Examples
Adjacent Category Examples Bespoke strategies to deploy structural advantages across attractive new categories via M&A Adhesives Door Hardware Plumbing Materials used across Entry locksets, deadbolts, handles, Pipes, fittings, valves, faucets construction jobs to bond, fill, or and related hardware
Slide 71: Strategic M&A Philosophy
Strategic M&A Philosophy Accelerating growth via disciplined bolt-ons & strict capital allocation The Strategic Filter Financial Guardrails Advance deals that can leverage our core and enhance our industry position at attractive returns RETURNS & ACCRETION Deals viewed through long-term ROIC lens wh
Slide 72: The M&A Playbook in Action
The M&A Playbook in Action ACQUISITION (2024) INTEGRATION RESULTS REPLICATE (2026) Identify Category Koch Rope & Chain Supply Chain Ops WON Execute Identified a logical Integrated Koch’s Displaced Acquisition fit: Heavy product supply chain into competitor to that retailers struggle Hillman’s massiv
Slide 73: Win the Pro and M&A Q&A
Win the Pro and M&A Q&A Leaders: Jon Michael Adinolfi - CEO James Daly - SVP, Pro Chris Martin - EVP, C&I Pro Michael Koehler - VP, IR, Treasury, M&A 73
Slide 74: Rocky Kraft - CFO
HILLMAN Nasdaq Listed FRAMEWUR ) Rocky Kraft - CFO
Slide 75: Financial Framework & Value Creation
Financial Framework & Value Creation 5-year financial objectives driving growth, margins, cash flow & ROIC Sturdy Financial Foundation SECTION OVERVIEW Execution Track Record: Margin expansion 8-12% Low-Double-Digit and deleveraging since public show we can Revenue Adj. EBITDA execute in tough marke
Slide 76: Executing and Delivering Value Since Public Debut
Executing and Delivering Value Since Public Debut Vertically integrated operations and innovative products with proven ability to structurally expand margins Adjusted EBITDA and Margin Adj. Net Income & EPS Growth $ in millions $ in millions, except per share data $275 $116 17.7% $97 $0.58 $242 $83
Slide 77: Affirming 2026 Growth Trajectory
Affirming 2026 Growth Trajectory Projecting another year of growth with strong profitability and balance sheet improvement $1.6B - $275M - $100M - $1.7B $285M $120M GROWTH Revenue Adjusted EBITDA Free Cash Flow PROFIT CASH Up ~6% YoY at midpoint Margin: ~17% at midpoint 100%+ Conversion of Adj. Net
Slide 78: Hillman's Path to $2.5 Billion of Net Sales
Hillman’s Path to $2.5 Billion of Net Sales Targeting an 8%-12% revenue CAGR over the next 5 years driven by multiple levers $2.5B • New Category Expansion $1.6B • Existing Category • Pro Distribution • Market Growth Expansion • Industrial MRO • Customer Footprint • Pro Channel • Category Penetratio
Slide 79: Scaling Pro Channels at Attractive Margins
Scaling Pro Channels at Attractive Margins The Pro channel has structurally lower SG&A that roughly offsets lower gross margin Retail Pro Channel Retail Gross Margin IS HIGHER THAN Pro Channel Retail SG&A as % of Sales IS HIGHER THAN Pro Channel Retail Adjusted EBITDA Margin IS COMPARABLE TO Pro Cha
Slide 80: Strong Free Cash Flow Poised to Continue
Strong Free Cash Flow Poised to Continue Driving Balance Sheet Strength and ROIC Enhancement Objectives Strong FCF Conversion During Years of Major Investment Since Public Completing major investments: RDS platform deployments substantially finished Capex as % of Sales Free Cash Flow Conversion 2022
Slide 81: Capital Goes to the Highest Returns
Capital Goes to the Highest Returns Disciplined & return-led capital allocation Our objective is to move ROIC meaningfully higher Reinvestment through disciplined High ROIC efficiency and targeted growth deployment Balance Sheet Strength Target net leverage <2.5x to preserve financial flexibility M&
Slide 82: ROIC Drives Every Decision
ROIC Drives Every Decision Improving capital efficiency to create value ROIC Trajectory Returns Focused Every project and deal evaluated against return High-Teens expectations within our framework Target Aligned Incentives Management incentives tied to ROIC improvement 14% 2025 High-Teens Target ROI
Slide 83: Our 5-Year Financial Objectives
Our 5-Year Financial Objectives Resilient by design, growth by discipline, high-quality earnings compounder Revenue Margin Maintain Strong ROIC Growth Expansion Balance Sheet Improvement 8-12% Low-Double-Digit <2.5x High-Teens Revenue CAGR Adj. EBITDA CAGR Target Net Leverage Target ROIC 83 Note: CA
Slide 84: Session 3 Q&A
Session 3 Q&A Leaders: Jon Michael Adinolfi - CEO Rocky Kraft – CFO 84
Slide 85: Jon Michael Adinolfi - CEO
Jon Michael Adinolfi - CEO 85
Slide 86: Our Blueprint for Value Creation
Our Blueprint for Value Expand Categories Creation Adjacent Category Expansion Delivers Pure Incremental Growth The strategic pillars that will guide our path forward Own the Core VALUE Win the Pro CREATION Hillman’s Core Fastener and Advantages are Hardware-led Pro Hard to Replicate Channel Growth
Slide 87: Expansive Largely Untapped White Space
Expansive Largely Untapped White Space To accelerate share gains over 5-year target horizon Core Growth ~14% At $2.5B Revenue New Business Target Wins Hillman Share of ~9% $18B+ At $1.6B Revenue M&A Addressable Today Market Note: Addressable market based on third-party consulting 87 analysis and Hil
Slide 88: Value Creation Catalysts
Value Creation Catalysts ies or Wi Resilient core business fortified by g n unique advantages serving as platform e th at for growth e dC Pro an Expansive largely untapped $18B+ TAM 0 to accelerate growth in adjacent Exp product categories and Pro channels ROIC Integrated operations and long-term Fo
Slide 89: Thank You!
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Slide 90: Appendix
Appendix 90
Slide 91: Annual Performance by Operating Segment
Annual Performance by Operating Segment Hardware & Protective 2025 2024 Δ Year ended 12/28/2025 12/28/2024 Net Sales $1,193,957 $1,107,993 7.8% Adjusted EBITDA $196,250 $155,698 26.0% Adjusted EBITDA Margin % 16.4% 14.1% 230 bps Robotics & Digital 2025 2024 Δ Year ended 12/27/2025 12/28/2024 Net Sal
Slide 92: Annual Revenue by Product Category
Annual Revenue by Product Category Hardware & Robotics & Canada Consolidated Protective Digital Year Ended December 27, 2025 Fastening and Hardware $928,445 $— $122,916 $1,051,361 Personal Protective 265,512 — 5,425 270,937 Keys and Key Fobs — 179,215 9,739 188,954 Engraving and Resharp — 40,942 30
Slide 93: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Year Ended December 27, 2025 December 28, 2024 December 29, 2023 December 31, 2022 December 25, 2021 Net income (loss) $40,305 $17,255 $(9,589) $(16,436) $(38,332) Income tax expense (benefit) 16,291 9,297 2,207 1,769 (11,784) Interest expense, net 56,467 59,241 68,310
Slide 94: Segment Adjusted EBITDA Reconciliations
Segment Adjusted EBITDA Reconciliations Hardware & Robotics & Year Ended December 27, 2025 Canada Protective Digital Operating Income $90,553 $17,322 $6,094 Depreciation & amortization 88,829 47,390 4,883 Stock Compensation Expense 12,080 1,144 1,022 Restructuring 2,783 120 1,155 Litigation expense
Slide 95: Adjusted Net Income and Adjusted EPS Reconciliation
Adjusted Net Income and Adjusted EPS Reconciliation Year Ended December 27, 2025 December 28, 2024 December 30, 2023 December 31, 2022 December 25, 2021 Net Income (loss) $40,305 $17,255 $(9,589) $(16,436) $(38,332) Remove adjusting items (1) 21,152 25,920 36,792 50,346 69,711 Mark-to-Market adjustm
Slide 96: Adjusted Gross Profit and Margin Reconciliations
Adjusted Gross Profit and Margin Reconciliations Year Ended December 27, 2025 December 28, 2024 December 30, 2023 December 31, 2022 December 25, 2021 Net Sales $1,552,224 $1,472,595 $1,476,477 $1,486,328 $1,425,967 Cost of sales (exclusive of depreciation and 795,875 764,691 828,956 846,551 859,557
Slide 97: Net Debt, Net Leverage, and Free Cash Flow Reconciliations
Net Debt, Net Leverage, and Free Cash Flow Reconciliations Reconciliation of Net Debt and Net Leverage December 27, December 28, December 30, December 31, December 25, As of 2025 2024 2023 2022 2021 Revolving loans $36,000 $62,000 $— $72,000 $93,000 Senior term loan 636,960 645,470 751,852 840,363 8
Slide 98: Return on Invested Capital
Return on Invested Capital Return on Invested Capital (“ROIC”) Year Ended December 27, 2025 December 28, 2024 December 29, 2023 December 31, 2022 December 25, 2021 Income from operations $113,969 $88,801 $60,929 $39,894 $10,314 Remove income tax expense (1) 28,492 22,200 15,232 9,973 2,579 Remove le