Martinrea International Inc. · TSX:MRE
Martinrea International — Q2 2026 Earnings Presentation
25 slides from Martinrea International's earnings presentation, Aug 4, 2026
Slide 1: Q2 2026 Results
Q2 2026 RESULTS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com
Slide 2: Rob Wildeboer, Executive Chairman
ROB WILDEBOER Executive Chairman ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”), including, but not limited to, statements relating to the Company’s beliefs or views or expectations of, improvements in, expansion of and
Slide 4: Agenda
Agenda Pat D’Eramo | Chief Executive Officer Fred Di Tosto| President Peter Cirulis| Chief Financial Officer Rob Wildeboer| Executive Chairman Q&A ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 5: Pat D'Eramo, Chief Executive Officer
PAT D’ERAMO Chief Executive Officer ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 6: Key Priorities
KEY PRIORITIES FOCUS ON QUALITY GROW CORE DEVELOP STRATEGIC GROW ENSURE INVESTMENTS OF EARNINGS AND AUTOMOTIVE PARTNERSHIPS/ NON-AUTOMOTIVE ARE SUCCESSFUL FREE CASH FLOW BUSINESS RELATIONSHIPS BUSINESS ENHANCE OPERATING PARTNER TO REDUCE FOCUS ON PROFITABLE, HIGH- INVEST IN NEW INCOME MARGIN AND EXC
Slide 7: Q2 2026 Highlights
Q2 2026 HIGHLIGHTS $147.2M ADJUSTED EBITDA $1,200.5M $70.7M (12.3% MARGIN) TOTAL SALES ADJUSTED OPERATING INCOME (5.9% MARGIN) $1,166.5M PRODUCTION SALES 1.63x NET DEBT TO ADJUSTED EBITDA (Excluding IFRS-16 Lease Liabilities) ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIA
Slide 8: Fred Di Tosto, President
FRED DI TOSTO President ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 9: Status of Operations
STATUS OF OPERATIONS • Continued strong operational execution: – Navigating through volatile industry dynamics (i.e., trade, tariffs, electric vehicle volumes, Iran conflict). – Managing what is in our control through strong operating performance and commercial activity. • Continued strong margins i
Slide 10: New Business Awards
NEW BUSINESS AWARDS LIGHTWEIGHT STRUCTURES PROPULSION SYSTEMS FLEXIBLE MANUFACTURING GROUP $55M In Annualized Sales $40M In Annualized Sales $10M In Annualized Sales 2027 - 2028 Start of Production 2026 - 2028 Start of Production 2027 Start of Production TOTAL AWARDS OVER LAST FOUR QUARTERS x $440M
Slide 11: Peter Cirulis, Chief Financial Officer
PETER CIRULIS Chief Financial Officer ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 12: Value Creation Arc
VALUE CREATION ARC OPERATIONS CAPITAL ALLOCATION • Adjusted Operating Income 40bps higher • Net Debt to Adjusted EBITDA of 1.63x, broadly quarter over quarter, despite temporary in line with our target of 1.5x aluminum cost headwinds. • Repurchased 919,000 shares for $10 million. • Demonstrated stre
Slide 13: Financial Scorecard
FINANCIAL SCORECARD Year over year, Q2 2026 results impacted by lower volumes, including lost sales due to the Ford Escape program ending, negative foreign exchange, and higher aluminum costs. In Canadian Dollars Q2 2026 Q2 2025 Production sales were down 2.7% year over year, Production Sales $1,166
Slide 14: 2026 Outlook
2026 OUTLOOK* 2026F 2025A FREE CASH FLOW $125-$175M $199.0M (before IFRS 16 lease payments) ($70-$120M after IFRS-16 lease payments) ($142.1 after IFRS-16 lease payments) CAPEX Approximately $300M $237.7M ADJUSTED OPERATING 5.5%-6.0% INCOME MARGIN 5.6% TOTAL SALES $4.5-$4.9B $4.822B *See Forward-Loo
Slide 15: Rob Wildeboer, Executive Chairman
ROB WILDEBOER Executive Chairman ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 16: Trade and Tariffs
TRADE AND TARIFFS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 16
Slide 17: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK Invest to Maintain and Maintain Strong Return Capital to Grow Our Business Balance Sheet Shareholders • Organic opportunities • Targeted Net Debt/Adjusted • Repurchase shares with • Invest in R&D and new products EBITDA ratio of ~1.5x or better excess liquidity (at the •
Slide 18: Free Cash Flow Deployment
FREE CASH FLOW DEPLOYMENT Over the last three years, we generated close to $600 million in Free Cash Flow, reduced net debt by over $200 million, and repurchased approximately $100 million of our shares, representing over 10% of the Company’s equity. 3-Year Cumulative FCF Deployment (2023-2025) $600
Slide 19: Thank You / Q&A
THANK YOU Q&A ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com
Slide 20: Appendix
APPENDIX ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com
Slide 21: Q2 Sales
Q2 SALES • Total sales down 5.9% year over year: $1,400 – Production sales down 2.7% $1,200 – Tooling sales down 55.4% $1,000 -5.9% YoY • North American production sales were down 1.2%, reflecting: Sales ($ Millions) $800 – Lost sales from the Ford Escape program, which ended production subsequent t
Slide 22: Q2 Adjusted Operating Income Margin
Q2 ADJUSTED OPERATING INCOME MARGIN 8.0% • Adjusted Operating Income Margin decreased 90bps year over year. Adjusted Operating Income Margin (%) 6.0% • North American margin decreased slightly year over year, reflecting: − Decremental margins on lower year-over-year production sales. 4.0% − Operatio
Slide 23: Q2 Adjusted Net Earnings per Share
Q2 ADJUSTED NET EARNINGS PER SHARE $0.70 • Adjusted Net Earnings per Share of $0.61 $0.60 decreased year over year, due to the factors Adjusted Net Earnings Per Share ($) affecting sales and Adjusted Operating $0.50 Income Margin explained earlier, partially $0.40 offset by: $0.66 $0.61 – Lower fina
Slide 24: Q2 Free Cash Flow
Q2 FREE CASH FLOW $80 • Free Cash Flow was positive in the second quarter of 2026, but lower year over year, reflecting: Free Cash Flow ($ Millions) $60 – An increase in cash used in non- cash working capital. $40 $72.0 – Lower Adjusted EBITDA. $52.8 – Higher capex. $20 – Partially offset by lower c
Slide 25: Stay Connected
STAY CONNECTED ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 25
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