Mullen Group Ltd. · TSX:MTL
Mullen — Investor Presentation (January 2026)
8 slides from Mullen's investor presentation, Jan 20, 2026
Slide 1: 2026 Strategic Outlook
OUR MISSION 2026 Strategic Outlook We acquire companies and strive to improve Budget and Business Plan Overview their performance. January 2026 Supplemental presentation to the November 2025 Investor Update www.mullen-group.com
Slide 2: Business Plan Overview
42 Business Units expected to outperform 2025, boosted by recent acquisitions Trucking sector entering a tightening cycle; modest Canadian economic 2026 growth anticipated Business Plan Well positioned to benefit from Overview upcoming “Nation Building Projects” once they move to capital deplo
Slide 3: 2025 Update & 2026 Business Plan
2025 Update & 2026 Business Plan 2025 2026 RECAP BUSINESS PLAN Revenue: ~$2.1 billion Revenue: $2.3 billion to $2.4 billion OIBDA – adjusted1: ~$323 million OIBDA – adjusted1: $365 million (15.7% margin) Challenging year: trade disputes, Dividends of $0.84 per share per annum tariffs, lo
Slide 4: 2026 Plan by Segment
Logistics & Specialized & U.S. & International Less-Than-Truckload Warehousing Industrial Services Logistics 2026 Plan by Segment ($ millions) Revenue Revenue Revenue Revenue $800.0 $840.0 $450.0 $230.0 OIBDA – Adjusted1 OIBDA – Adjusted1 OIBDA – Adjusted1 OIBDA – Adjusted1 $140.0 $145.0 $85.0 $15.0
Slide 5: 2026 Priorities
2026 Priorities 1. PRIORITIZE MARGIN OVER MARKET SHARE: a. Optimize performance and drive process improvements b. Invest in the Business Units: $85.0 million in new, more efficient operating assets • $75.0 million: Operating Capital – to improve our Business Units • $10.0 million: Real Estate – inve
Slide 6: Thank you!
OUR MISSION We acquire companies and strive to improve Thank you! their performance. www.mullen-group.com
Slide 7: Appendix – Non-IFRS & Other Financial Measures
Appendix – Non-IFRS & Other Financial Measures Non-IFRS Financial Measures Mullen Group reports its financial results in accordance with International Financial Reporting Standards ("IFRS"). Mullen Group reports on certain non-IFRS financial measures and ratios, which do not have a standard meaning
Slide 8: Disclaimer
Disclaimer Mullen Group may make statements in this presentation that reflect its that we will prudently manage all costs, along with investing in new projects proclaim; (v) that we are also mindful that the markets can current beliefs and assumptions and are based on information currently technolog