Finning International Inc. · TSX:FTT

Finning International — Scotia Bank Industrial Conference 2023

12 slides from Finning International's conference presentation, Nov 15, 2023

1. Slide 1: Investor Presentation

   Investor Presentation Kevin Parkes President and CEO Scotia Bank Industrial Conference, Toronto Nov 15, 2023 See slides 11 and 12 for important information on forward-looking information, currency, and specified financial measures, including non- GAAP financial measures

2. Slide 2: Finning Overview

   Finning Overview Canada South America UK & Ireland 2023 Investor Day  Largest Caterpillar dealer in attractive territories Scan to view video webcast and slides  ‘Servicing what we sell’ for 90 years Bolivia YT NU  Diversified by geography, customer base, product, NWT and sector Argentina Chile U

3. Slide 3: Go-Forward Strategic Priorities

   Go-Forward Strategic Priorities Our people are our biggest Fostering a safe, secure, and Empowering our people to competitive advantage prosperous place to work build customer loyalty Drive Product Support Full Cycle Resilience Sustainable Growth Continued profitable growth Earnings consistency Targ

4. Slide 4: Executing our Strategy and Building on Positive Momentum

   Executing our Strategy and Building on Positive Momentum Product Support Full Cycle Resilience Sustainable Growth Largest driver of value and source Disciplined execution with Building capabilities to drive of continued earnings growth added focus on capital velocity growth from the core out Premium

5. Slide 5: Installed Equipment Base with Ongoing Value Throughout the Asset Lifecycle

   Installed Equipment Base with Ongoing Value Throughout the Asset Lifecycle New Population/Full Machine Rebuild “ We service what we sell “  New sale  New lease Earl B. Finning  Rental Product Support  Rebuilt as new Product Support Installed Equipment Base with CVA with CVA active units at June

6. Slide 6: Full Cycle Resilience – Earnings Consistency

   Full Cycle Resilience – Earnings Consistency Continuous Improvement Initiatives(1) Cost Flexibility | Contracted Revenue | Resilient Segments Mid-Cycle SG&A as % of Cost and Capital Model  Continue lowering fixed overhead costs Net Revenue (2) 2019 - 2022  Greater penetration of product support co

7. Slide 7: Sustainable Growth – Targeted Addressable Market Growth

   Sustainable Growth – Targeted Addressable Market Growth (1) Used Rental Power  Increasing participation in used  Increasing rental penetration with  Standby power (e.g., data centres) equipment market from “the core out” initial focus on Canada  Short-term capacity power for peak  Expanding sou

8. Slide 8: Our Clear Path to Sustainable Value Creation

   Our Clear Path to Sustainable Value Creation (1) Product Support Full Cycle Resilience Sustainable Growth Largest driver of value and source Disciplined execution with Building capabilities to drive of continued earnings growth added focus on capital velocity growth from the core out Product Support

9. Slide 9: Sustainability at Finning

   Sustainability at Finning Electricity from Renewable Sources Source Clean Energy Carbon-free power supply by 2025+ for 50% of power needs 21% Working with Caterpillar and customers to support the adoption of autonomous and/or of Alberta operations (1) 2022, up 10 percentage electric or hydrogen powe

10. Slide 10: Q3 2023 Results

    Q3 2023 Results vs Q3 2022 Q3 2023 Summary Net Revenue  Revenue growth led by mining, with large equipment deliveries and strong $2.4B 16 % product support volumes  Power systems revenues up across all regions on strong demand and project execution  Solid operating margins, with SG&A as % of net

11. Slide 11: 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

12. Slide 12: 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

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