Tecnoglass Inc. · NYSE:TGLS
Tecnoglass — Q3 2025 Earnings Presentation
21 slides from Tecnoglass's earnings presentation, Nov 6, 2025
Slide 1: Third Quarter 2025 Earnings Conference Call
Third Quarter 2025 Earnings Conference Call November 6, 2025 – TECNOGLASS INC. (NYSE: TGLS) www.tecnoglass.com
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are bas
Slide 3: Highlights
300 Third Avenue Waltham, Massachusetts l Highlights www.tecnoglass.com
Slide 4: Q3 2025 Key Takeaways
Q3 2025 Key Takeaways • Revenues up 9.3% YoY to a record $260.5 mm, driven by strong performance across core markets, continued market Revenues by Geography Q3’25 share gains through expanding presence in new geographies, and increased traction in the vinyl business • Single-family residential reven
Slide 5: U.S. Growth Driving Resilient Multi-family/Commercial Backlog
U.S. Growth Driving Resilient Multi-family/Commercial Backlog Backlog Overview Backlog as of Q3’25 by End Market • Backlog expanded 21.4% YoY to a record $1.3 bn, supported by our strong execution track record on high-profile projects and ability to gain market share, Multifamily / Residential which
Slide 6: Demonstrated History of Converting Backlog to Revenue
Demonstrated History of Converting Backlog to Revenue Backlog to Revenue Conversion $ 1,4 50 130 % 114% 111% 110% 107% 110 % $ 1,2 50 106% 102% 100% 97% 95% 92% 93% 95% 92% 93% 90% 87% 88% 88% 89% 91% 90% $ 1,0 50 86% 84% 75% 70% $ millions 73% 69% 61% 70% 66% 60% 70% 64% 59% 60% 58% $ 85 0 58% 56%
Slide 7: Single-Family Residential Business Expanding
Single-Family Residential Business Expanding Strong Presence in High-Demand U.S. Markets Product Innovation to Propel Effective Expansion Florida Texas East Coast California & Arizona Operational Showrooms Expected 2025 Openings Core Presence Today Developing Presence Mixed Energy Efficiency & Heat
Slide 8: Financial Update
l Aston Martin Miami, Florida l Financial Update www.tecnoglass.com
Slide 9: Revenue Bridge 2025 vs. 2024
Revenue Bridge 2025 vs. 2024 Q3 2025 Revenue Bridge (US$M) • Revenue growth of 9.3% YoY to an all-time high of $260.5 mm in Q3’25 driven by market share gains in single-family residential and multi-family / commercial revenues, as a result of robust demand for our best-in-class product offerings, co
Slide 10: Adjusted EBITDA Bridge 2025 vs. 2024
Adjusted EBITDA(1) Bridge 2025 vs. 2024 Adjusted EBITDA margin Q3 2025 Adjusted EBITDA Bridge (US$M) 34.2% 30.4% • Gross margin decreased 310 bps YoY to 42.7%, reflecting an unfavorable mix with higher installation revenue, record-high U.S. aluminum premiums, Colombian Peso FX revaluation on non- he
Slide 11: Strong Cash Flow & Balance Sheet
Strong Cash Flow & Balance Sheet • Repurchased $30 mm of shares during the quarter; Board approved an Strong Cash Flow Generation increase in the share repurchase program to $150 mm ($ in Millions) 170.5 165.9 • Liquidity(2) of ~$550 mm, including cash of $124 mm and $425 mm of 141.9 138.8 availabil
Slide 12: Track Record of Strong Returns Above Peers
Track Record of Strong Returns Above Peers 3 Year Average ROE 3 Year Average ROIC 27% 39% 16% 10% TGLS U.S. Building Products Peers 1 TGLS U.S. Building Products Peers 1 Stronger profitability and significant improvement in working capital driving strong returns Notes: 1. U.S. Building Products Peer
Slide 13: Outlook Update
205 Race Street Philadelphia, Pennsylvania l OUTLOOK UPDATE www.tecnoglass.com
Slide 14: 2025 Outlook
2025 Outlook Full Year Outlook Q4 Assumptions • Assumes stable volumes on residential orders and slower than previously anticipated invoicing in light commercial construction Revenue • • Continued downtrend in interest rates driving mortgage rates lower FX headwind from stronger Colombian Peso YoY,
Slide 15: Appendix
3Eleven 601 Hudson Yards New York City, New York l APPENDIX www.tecnoglass.com
Slide 16: Vertically-Integrated & Well-Situated Operations Create Structural Advantages
Vertically-Integrated & Well-Situated Operations Create Structural Advantages Suppliers JV & Long Term Sales, Raw Production Final Suppliers Supply Distribution Materials Process Product Relationships & Installation Tecnoglass integration across the architectural glass and window value chain provide
Slide 17: ESG Strategy
ESG Strategy Outstanding Achievements Environmental Social Governance Enhancing Our Environment Promoting Continuous, Ethical and Responsible Leading Eco-Efficiency and Innovation Growth National Carbon Neutrality Employee Training and Ethics and Compliance Program Education Programs Program +15,000
Slide 18: ESG Strategy
ESG Strategy Our Sustainability Strategy contains the Company’s guidelines and value propositions to meet the expectations of our stakeholders Environmental Social Governance Enhancing Our Environment Promoting Continuous, Ethical and Responsible Leading Eco-Efficiency and Innovation Growth Encourag
Slide 19: Leading Eco-efficiency and Innovation
Leading Eco-efficiency and Innovation Over 85% of Tecnoglass’ total revenues are considered Green Revenues, including low emissivity and impact-resistant glass and windows, contributing to reducing global emissions and mitigating climate change effects 68% 65% 84% of our revenues are Impact of our r
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation1 Adjusted EBITDA and adjusted net (loss) income attributable to parent reconciliation Three months ended Nine months ended Figures in U.S. $k Sep 30, Sep 30, 2025 2024 2025 2024 Net (loss) income 47,188 49,535 133,460 114,293 Less: Income (loss) attributable to non-controllin
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation1 Net Debt, Leverage and Total Investment Reconciliations Figures in U.S. $k As of Sep 30, 2024 2025 Short Term Debt and Current Portion of Long Term Debt 1,819 707 Long Term Debt 125,014 111,190 Gross Debt 124,656 111,897 Cash at the end of the period 122,090 123,991 Net Debt