North American Construction Group Ltd. · TSX:NOA
North American Construction — Investor Presentation (April 2026)
14 slides from North American Construction's investor presentation, April 2026
Slide 1: Investor Presentation
Investor Presentation TSX – NYSE: NOA April 2026
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES This presentation contains forward-looking information which reflects the current plans and This presentation presents certain non-GAAP financial measures because management expectations of North American Construction Group Ltd. (the “Company”
Slide 3: Global, Diversified Heavy Mining & Civil Infrastructure Contractor
GLOBAL, DIVERSIFIED HEAVY MINING & CIVIL INFRASTRUCTURE CONTRACTOR Built to Move. Ready to Build. Since 1953. Global Leader in Mining Services Full Mine Site Operations • Planning, equipment maintenance, pre-strip & post mine reclamation, dewatering and waste & ore handling Equipment & Operators • L
Slide 4: Diversified Global Operating Platform
DIVERSIFIED GLOBAL OPERATING PLATFORM Exposure Across Multiple Commodities, Geographies and Contract Types Mining Services, 80% Australia, 75% Time & Materials, 77.5%‡ Metallurgical Coal, 35% Thermal Coal, 30% Unit-rate, 10% Contract Vertical Geography Commodity Type Rentals, 5% Fixed Price, 2.5% Li
Slide 5: Diversified, Strong Operational Growth
DIVERSIFIED, STRONG OPERATIONAL GROWTH Valuation Multiple Lags Fundamentals and Peers – Attractive Entry Point 10x $1,600 2018 20% 9x Major revenue diversification: 2018-2025 $1,400 49% stake in Nuna Group 1 (northern Canada) 8x Combined Revenue CAGR 1 Adjusted EBITDA CAGR $1,200 2020 7x DGI Trading
Slide 6: Growth Drivers for 2026 and Beyond
GROWTH DRIVERS FOR 2026 AND BEYOND Strategic Building Blocks for Our Success Scaling Into Securing Expanding Tier 1 Contractor Infrastructure Awards Mining Services Platform in Australia Across North America in Canada and the U.S. NORTH AMERICAN CONSTRUCTION GROUP 6
Slide 7: Iron Mine Contracting Acquired
IRON MINE CONTRACTING ACQUIRED Establishing a Tier 1 platform in the overall Australian market. Transaction Update • Transactions closed April 7, 2026, with an economic $1.0B Contractual backlog effective date of January 1, 2026. Acquisition Highlights • IMC & MacKellar Group will propel us to becom
Slide 8: Scaling Into Tier 1 Contractor Platform in Australia
SCALING INTO TIER 1 CONTRACTOR PLATFORM IN AUSTRALIA Perfectly Positioned to Expand in the Strategic Minerals Hub of ‘The West’ Operations • Across ~20 sites, operations benefit from consistent 50% operating conditions that support year-round equipment Revenue CAGR utilization 2020 to 2025 • Platfor
Slide 9: Securing Infrastructure Awards Across North America
SECURING INFRASTRUCTURE AWARDS ACROSS NORTH AMERICA Knowhow and Fleet Well-Suited to Benefit from Nation-building Across America Operations Fargo-Moorhead Flood Diversion Project – $600M in total project 20% Of global operations volume for NOA – Our earthworks portion are progressing as (Infrastruct
Slide 10: Expanding Mining Services in Canada and the U.S.
EXPANDING MINING SERVICES IN CANADA AND THE U.S. Decades of Expertise Supports Expanding Scope of Mining Across the Continent Operations +70 years • Mining services span from north of the arctic circle to the Operating since 1953 heart of Texas, with over decades of operations starting with in Canad
Slide 11: 2026 Financial Outlook & Guidance
2026 FINANCIAL OUTLOOK & GUIDANCE 2026 Guidance: Outlook • Strong pro forma contractual backlog of $3.9 billion heading into 2026 $1.5 – 1.7B 7% 1 Combined revenue – $1.2 billion secured • Total bid pipeline of $12.6 billion • $4.6 billion in active tender and procurement phase Guidance $380 – 420M
Slide 12: Supplemental Information
SUPPLEMENTAL INFORMATION 12
Slide 13: Heavy Equipment Fleet
HEAVY EQUIPMENT FLEET • As of December 31, 2025 approximately 1,250 heavy equipment assets provide scale and operational flexibility • Managed on an individual asset basis and deployed with sole objective of maximum operating utilization • Replacement value1 of heavy equipment fleet estimated at > $
Slide 14: Long-Term Contracts
LONG-TERM CONTRACTS Type Contract1 Backlog2,3 Queensland Operations Full mine support $1.6B 2079 thermal coal mine services Queensland Operations Maintained support $520M 2040 metallurgical coal mine rental Queensland Operations Maintained support $260M 2037 metallurgical coal mine rental Queensland
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