Slide 1: Earnings Release Presentation Q3 2025
Earnings Release Presentation Q3 2025
Slide 2: Forward Looking Information
Forward Looking Information Q3 2025 This presentation contains forward-looking information within the meaning Additional information on the risks and uncertainties on the Company’s of applicable securities laws. Words such as "may", "will", "should", business can be found in the Company’s current An
Slide 3: Highlights – Q3 2025
Highlights – Q3 2025 Maintaining disciplined capital allocation approach with “all of the above” strategy Organic Normal Course Net-debt- • Q3-25 Continuing Operations Revenue of to Adjusted EBITDA <2x Investment $314.9M, a 39% increase vs. Q3-24 Have moved above normal Substantial investments in 20
Slide 4: Connection Technologies – Q3 2025
Connection Technologies – Q3 2025 • Revenue of $184.2M, a 105% increase vs. Q3-24 • Shawflex sets quarterly revenue record as new production site enables greater output • AmerCable revenue stable sequentially with increased US data center sales offsetting lower Canadian mining and global oilfield de
Slide 5: Composite Technologies – Q3 2025
Composite Technologies – Q3 2025 • Q3-25 revenue of $130.7M, a 4% decrease vs. Q3-24 • Flexpipe new technology continues to capture market share – large diameter nearly 50% of North American revenue during Q3 • Flexpipe significantly outperforms market indicators, North American revenue 3% below pri
Slide 6: Financial Results – Q3 2025
Financial Results – Q3 2025 Continuing Operations CURRENT QUARTER VS PRIOR-YEAR QUARTER HIGHLIGHTS Revenue Adj. EBITDA Connection Technologies $314.9M $34.0M $ In millions Q3 2025 Q3 2024 Change Revenue 184.2 89.9 +105% Adj. EBITDA 19.5 12.0 +62% Adj. EBITDA Margin (%) 10.6 13.3 -270bps Connection T
Slide 7: Cashflow and Debt – Q3 2025
Cashflow and Debt – Q3 2025 Consolidated Cash & Debt Net Debt to Adj EBITDA 7.10 5.11 3.82 3.69 3.86 3.64 3.53 3.28 2.26 2.22 1.90 1.98 1.96 1.42 1.01 0.46 0.53 0.50 0.59 0.04 0.23 (0.26) (0.23) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2021 2022 2023 2024 2025 • Net
Slide 8: CAPEX – Q3 2025
CAPEX – Q3 2025 Capital spend (including outstanding payments to suppliers) of $14.3 million in Q3, of which CAPEX ($CAD MM) $10.6 million was directed to growth capital – $160 mostly new product readiness and MEO projects. $148 $140 Note: Net cash outlay for capital expenditures $120 $113 during Q3
Slide 9: 2025 Outlook – Q3 2025
Substantial market uncertainty exists regarding the potential duration & 2025 Outlook – Q3 2025 scope of tariffs and any related changes in economic conditions The outlook below incorporates Mattr’s best estimate of these impacts as of November 13, 2025 and is subject to change Macro & Strategic • M
Slide 10: Fundamental Transformation Complete - Positioned to Deliver Long-Term Value
Fundamental Transformation Complete - Positioned to Deliver Long-Term Value Strong liquidity position & Global material technology Supportive long-term critical optimally deploying capital company with significant market infrastructure and industrial positions across both operating fundamentals $41.
Slide 11: Thank you.
@ = Thank you. Infrastructure Technologies