Martinrea International Inc. · TSX:MRE
Martinrea International — Investor Presentation (November 2026)
62 slides from Martinrea International's investor presentation, November 2026
Slide 1: Investor Presentation November 2026
INVESTOR PRESENTATION NOVEMBER 2026 ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 2: 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 3: About Our Company
ABOUT OUR COMPANY • Leading Tier One automotive supplier in lightweight structures and propulsion systems • One of the fastest growing automotive parts suppliers since 2001 • Operating in 53 locations (including sales and engineering centers) in 8 countries: Canada, United States, Mexico, Germany, S
Slide 4: Vision, Mission & Principles
VISION, MISSION & PRINCIPLES Vision 10 Guiding Principles Making lives better by being the best supplier we can be in Our success will be based on the execution of our the products we make and the services we provide. guiding principles, applied with integrity, in all that we do: Mission We make peo
Slide 5: Our Culture Is a Competitive Advantage
OUR CULTURE IS A COMPETITIVE ADVANTAGE ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 5
Slide 6: Martinrea – 2014 vs. Today
MARTINREA – 2014 VS. TODAY Martinrea Today Martinrea 2014 Grew sales over 30% and Adjusted LTM as of Q3 2026 Operating Income more than 70% since Total Sales $3,598.6M $4,695.2M 2014 Adjusted Operating Income $147.7M $254.1M Adjusted Operating Income Margin 4.1% 5.4% Adjusted Operating Income Margin
Slide 7: 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 8: Focus on Operational Excellence
FOCUS ON OPERATIONAL EXCELLENCE Our Plants are World-Class Relentless Focus on Innovation • Solid margin profile. • Advanced Manufacturing Team (AMT) making progress with • Industry-leading safety record. machine learning installations. • Continued strong employee survey results. • Equispheres (MiND
Slide 9: Industry Overview
INDUSTRY OVERVIEW ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 9
Slide 10: US Light Vehicle Sales (SAAR)
US LIGHT VEHICLE SALES (SAAR) U.S. auto sales have been resilient despite affordability concerns, inflation, higher interest rates, and tariffs U.S. Light Vehicle Sales (SAAR) 20 16.3M UNITS Millions of Units Q3 2026 average 15 10 5 15.5M UNITS Jan-2017 Jan-2018 Jan-2019 Jan-2020 Jan-2021 Jan-2022 J
Slide 11: Business Overview
BUSINESS OVERVIEW ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 11
Slide 12: Global Presence
GLOBAL PRESENCE Our footprint is global, though heavily weighted to North America (~75% of sales), which is a positive in the current geopolitical environment. GERMANY CANADA SLOVAKIA UNITED STATES SPAIN JAPAN MEXICO SOUTH AFRICA ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDE
Slide 13: Company Journey
COMPANY JOURNEY Acquires Royal Laser Acquires plant from Acquires SKD Acquisition of structural Acquires assets balance of Oxford Automotive Automotive components for of Lyseon North Honsel passenger cars business America Inc. of Metalsa S.A. de C.V. Acquires Rea International Acquires Depco Investm
Slide 14: Our Products and Capabilities
OUR PRODUCTS AND CAPABILITIES Assembly Body-in-White and Chassis Powertrain Fluids Industrial ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 14
Slide 15: Competitive Landscape
COMPETITIVE LANDSCAPE FLUID MANAGEMENT STEEL METAL FORMING SYSTEMS ALUMINUM COMPONENTS PRIMARY OTHER ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 15
Slide 16: www.martinrea.com | 16
©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 16
Slide 17: Martinrea 2.0
Martinrea 2.0 is the framework to be a great company… diverse people and groups working together toward a single vision. • Fostering principles-based leadership • Promoting positive behaviours • Creating a strong lean culture COMPANY • Implementing best practices BUSINESS UNIT Deployment High Financ
Slide 18: Martinrea Operating System
MARTINREA OPERATING SYSTEM Martinrea Operating System initiatives enabled us to double our Adjusted Operating Income Margin over a five-year period from 2014 to 2019 The Way We Think Pride Kills Continuous Improvement Develop Our People • Learn to unlearn • Pride for our people, not for our practice
Slide 19: Process Innovation
PROCESS INNOVATION ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 19
Slide 20: The Way We Produce
THE WAY WE PRODUCE Past New Typical Material Flow High Frequency Delivery Inefficient Material Flow Efficient Material Flow: Requiring: • Eliminates waste • Higher headcount • Minimizes logistics: • More floor space • Requires 18% less headcount • More WIP • 20% less floor space ©2025 Martinrea Inte
Slide 21: Martinrea Flexible Build Process
MARTINREA FLEXIBLE BUILD PROCESS Demand 40% Less Capital Up 18% Less Labour 20% Less Space Demand Down Flex Labour with Volume: No Flex labour with Volume: Yes Lifespan: 6 Years Lifespan: 12+ Years Tooling change-over: 4 weeks Tooling change-over: 30 Minutes Service part Capability: None Service par
Slide 22: Product Innovation
PRODUCT INNOVATION ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 22
Slide 23: Project Breakthrough
Launched in 2019, Project Breakthrough target was to: • Grow revenue and margins by providing engineered products with higher value-added content to our customers o More multi-material content to further lightweight o Create reliable product engineering source to our customers • Create long-term dee
Slide 24: Martinrea's Portfolio
MARTINREA’S PORTFOLIO LIGHTWEIGHT STRUCTURES PROPULSION SYSTEMS FLEXIBLE MANUFACTURING ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 24
Slide 25: Our Breakthrough Progress
OUR BREAKTHROUGH PROGRESS FRONT AND REAR SUB-FRAMES FRONT RAIL ASSEMBLY • Fully responsible for design, development and validation • Hydro-formed upper tail • Multi-material front subframe • Aluminum high-pressure die cast shock • Low-pressure die cast hollow aluminum rear tower • Structured for opt
Slide 26: Brake Lines with GrapheneGuard
BRAKE LINES WITH ® GRAPHENEGUARD Named 2022 Automotive News PACE Award winner • High-performance brake line coating with graphene • Industry leading abrasion protection • Provides up to 25% weight savings • Improved chemical resistance and high temperature performance ©2025 Martinrea International I
Slide 27: Customer Awards
‘25 General Motors Supplier Quality Excellence CUSTOMER AWARDS ‘25 Caterpillar Supplier Excellence Recognition ‘25 General Motors Supplier of the Year ‘25 Nissan Supplier Props ‘25 Volvo Quality Excellence ’24/25 ZF Supplier Performance ‘24 Tremec Collaboration ’23/24 Nissan Supplier Diversity ’23/2
Slide 28: Industry Awards
INDUSTRY AWARDS ’25 Newsweek Canada’s Most Responsible Company ’25 AWAF Change Champion Award ’25 MEMA Workplace Excellence Award ‘25 Reuters Automotive D.R.I.V.E Awards: DEI ‘25 INA Awards: Tier One Supplier of the Year ‘24 APEX Award for Publication Excellence ‘22 Automotive News PACE ©2025 Martin
Slide 29: Innovation Is Core to Our Culture
INNOVATION IS CORE TO OUR CULTURE IDEA Martinrea Technical Center RESEARCH DEVELOP TESTING ANALYSIS INTRO ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 29
Slide 30: Whatever the Future Holds, Martinrea Will Be a Leader
WHATEVER THE FUTURE HOLDS, MARTINREA WILL BE A LEADER ELECTRIFIED CONNECTED SHARED AUTONOMOUS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 30
Slide 31: A Closer Look at EV Transition
A CLOSER LOOK AT EV TRANSITION ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 31
Slide 32: Addressable Content per Vehicle
ADDRESSABLE CONTENT PER VEHICLE Martinrea is well-positioned for any mix of vehicles and propulsion types ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 32
Slide 33: Martinrea Innovation Development (MiND)
MARTINREA INNOVATION DEVELOPMENT (MiND) •Incubate, develop and fund PURPOSE innovative technologies that are strategic to Martinrea’s portfolio • Manufacturing support PARTNERS • Product development • Supply chain management • Other functional disciplines • NanoXplore – 22.5% equity interest MiND IN
Slide 34: Effenco ultracapacitor systems
Effenco® designs, manufactures and markets ultracapacitor systems, • The Effenco® Hybrid electric system is focused on the which reduces: heavy-duty vocational truck market. • Effenco® is a Global Cleantech 100 company and a global technology leader in the innovative use of Greenhouse Gas Emissions
Slide 35: Hybrid, Hybrid S, E-ZEV
Developed Hybrid-S version of the Effenco system utilizing Superbatteries, offering a step change in emission reductions Effenco’s answer to the industry is an evolution of its current product to create a Zero Emission Vehicle perfectly tailored for the heavy-duty vocational market Hybrid Hybrid S E
Slide 36: MiNDCAN software
• MiNDCAN provides specialized software that meets the unique needs of complex organizations. • The flagship product is Profit+, an enterprise-wide collaborative platform for cost optimization. • Other modules cover program management, sustainability reporting, and customer relationship management.
Slide 37: Equispheres
Private company developing Equispheres’ powder enables Equispheres’ high-performance technologies for the production printing speeds up to nine times powders have the potential to of advanced materials, including faster than industry standards. enhance design flexibility, high-performance aluminum i
Slide 38: Sustainability
SUSTAINABILITY ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 38
Slide 39: What Sustainability Means to Martinrea
WHAT SUSTAINABILITY MEANS TO Providing superior long- MARTINREA term investment returns to our stakeholders to Delivering outstanding ensure the future of the quality products and services company that contribute to the safety, Being positive contributors lightweighting, and responsible to our commu
Slide 40: Our Sustainability Journey: Environment
OUR SUSTAINABILITY JOURNEY Protecting the Environment Environmental Energy Carbon Waste Zero Landfill Management Efficiency Emissions Reduction Initiative Systems 27% 25% 61% 88% 100% Energy intensity Absolute carbon Reduced waste to of Martinrea facilities All Martinrea’s has reduced by emissions h
Slide 41: Our Sustainability Journey: Report
OUR SUSTAINABILITY JOURNEY Download the 2025 Sustainability Report at www.martinrea.com Available March 9 ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 41
Slide 42: Our Sustainability Journey: Safety
OUR SUSTAINABILITY JOURNEY Safety Martinrea achieved a Total Recordable Injury Frequency (TRIF) of 0.71 in 2024, well below the industry average Martinrea's Company-Wide Safety Performance (# OF RECORDABLE INJURIES PER MONTH X 200,000 / TOTAL HOURS 9.0 8.0 8.48 TOTAL RECORDABLE INJURY FREQUENCY (TRI
Slide 43: Our Sustainability Journey: Diversity, Equity and Inclusion
OUR SUSTAINABILITY JOURNEY Diversity, Equity and Inclusion • Women comprise 27% of Martinrea’s workforce and 20% of management and above positions • 33% of our Board of Directors is female • Employee Resource Groups (ERGs): MindsMatter is an Employee Young Professionals (YoPro) is Women at Martinrea
Slide 44: Our Sustainability Journey: Community Involvement
OUR SUSTAINABILITY JOURNEY Community Involvement • Martinrea is committed to our mission of “Making People's Lives Better,” not just in our locations but also in the communities in which we operate. • Martinrea launched the Making People’s Lives Better (MPLB) platform which documents efforts ranging
Slide 45: Financials
FINANCIALS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 45
Slide 46: Sales
SALES Assembly business changed to a 5,500 5,340 purchased component consignment Driven by model resulting in decrease in 2017 COVID-19 pandemic 5,014 430 5,000 despite same level of production and related supply 4,822 4,758 277 shortages 4,500-4,900 211 302 4,500 In Millions (CAD) 3,968 4,000 3,867
Slide 47: Top North American Platforms
TOP 10 NORTH AMERICAN PLATFORMS General Motors T1XX Silverado/HD, Sierra/HD, Tahoe, Toyota GA-F Tacoma, Tundra, Sequoia Yukon/XL, Suburban, Escalade Ford T3 Ford C2/GE1 F-150, F-150 Lightning, F-250/350, Maverick, Bronco Sport, Mach-E Navigator, Expedition Stellantis DS/DJ General Motors D2XX-2 Jeep
Slide 48: 2025 New Business Awards
2025 NEW BUSINESS AWARDS* LIGHTWEIGHT STRUCTURES PROPULSION SYSTEMS FLEXIBLE MANUFACTURING GROUP $269M In Annualized Sales $33M In Annualized Sales $38M In Annualized Sales 2025-2028 Start of Production 2026 - 2028 Start of Production 2025 - 2027 Start of Production TOTAL AWARDS FOR 2025 TOTAL AWARD
Slide 49: Q3 and YTD 2026 Awards
Q3 AND YTD 2026 AWARDS* LIGHTWEIGHT STRUCTURES PROPULSION SYSTEMS FLEXIBLE MANUFACTURING GROUP $95M In Annualized Sales $10M In Annualized Sales $55M In Annualized Sales 2028-2030 Start of Production 2027-2029 Start of Production 2026-2027 Start of Production TOTAL AWARDS OVER LAST FOUR QUARTERS x $
Slide 50: Sales by OEM Type
SALES BY OEM TYPE 2018 Actual Sales 2026 Budgeted Sales 19% 15% 4% 9% 11% 14% 71% 59% NA OEMS German OEMS Japan OEMS Other NA OEMS German OEMS Japan OEMS Other ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 50
Slide 51: Adjusted Operating Income Margin
ADJUSTED OPERATING INCOME MARGIN Decrease due to the impact 9% of the UAW-GM strike and higher tooling sales 8% 7.8% ADJUSTED OPERATING INCOME MARGIN % 7.5% Recovery of inflationary cost 7% Driven by COVID- and EV volume shortfall impact 6.4% 19 pandemic and through commercial activity. 6% related s
Slide 52: Adjusted Net Earnings per Share
ADJUSTED NET EARNINGS PER SHARE EPS supported by share Driven by Decrease due to the impact 250 repurchases in 2018, 2019, 2023, slow ramp- $2.50 of the UAW-GM strike 2024, and 2025. $2.27 up of EVs $2.25 $2.22 $2.22 and OEM inventory Driven by correction 200 $1.91 COVID-19 $2.00 in Q4 2024. pandemi
Slide 53: Strong Cash Generation Fueling Capital Returns
STRONG CASH GENERATION FUELING CAPITAL RETURNS FREE CASH FLOW NET DEBT TO LTM ADJUSTED EBITDA Excluding IFRS-16 Lease Payments ($ Millions) 3.50 3.50 $225 3.00 3.00 $175 $195 $199 2.50 2.50 $184 2.00 2.00 $125 $125-175 $115 1.50 1.50 $75 3.11x 3.11x 1.00 1.00 $62 2.11x 2.11x 1.95x $25 1.95x 1.64x $4
Slide 54: Q3 2026 Update
Q3 2026 UPDATE ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 54
Slide 55: Status of Operations
STATUS OF OPERATIONS* • We continue to perform: – Managing what is in our control through strong operating performance and commercial activity • Continued strong margins in North America, the main growth engine of our business • Positive operating income in Europe • Deep restructuring activity plann
Slide 56: Financial Scorecard
FINANCIAL SCORECARD Q3 2026 results improved year-over-year on most metrics, as operating improvements offset the impact of industry dynamics pertaining to trade and tariffs, EV volume shortfalls, and higher commodity costs In Canadian Dollars Q3 2026 Q3 2025 Production sales were down 5.2% year ove
Slide 57: 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 58: 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 59: Biographies
BIOGRAPHIES Pat D’Eramo joined Martinrea International Inc. as President and Chief Executive Officer in November 2014 and was elected to the Board of Directors in June 2015. D’Eramo has a long and successful career in the automotive business, with extensive metalforming and parts manufacturing exper
Slide 60: Biographies
BIOGRAPHIES Rob Wildeboer is the Executive Chairman and co-founder of Martinrea International Inc. He brings a deep and intricate knowledge of the Company’s culture, key personnel, strategy, history and development, and relationships with key constituencies such as capital providers and governments,
Slide 61: Biographies
BIOGRAPHIES Fred Di Tosto joined Martinrea International Inc. as Vice President of Finance in June of 2010 and then became the Company’s Chief Financial Officer (CFO) in March of 2011. As of January 2024, Di Tosto took on the role of President. Effective July 1st, 2024, Di Tosto transitioned from Pr
Slide 62: Biographies
BIOGRAPHIES Peter Cirulis was appointed on July 1, 2024, as Chief Financial Officer of Martinrea, reporting to Pat D’Eramo, Chief Executive Officer and to the Company’s Board of Directors. In this position, Peter brings nearly 30 years of international automotive experience in finance, strategy, ope
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