Atco Ltd. Class I · TSX:ACO.X
Atco Ltd. Class I — Q1 2026 Earnings Presentation
16 slides from Atco Ltd. Class I's earnings presentation, May 6, 2026
Slide 1: Q1 2026 Earnings Call
Q1 2026 Earnings Call ATCO Ltd. May 6, 2026
Slide 2: Legal notice: Forward-looking information advisory
Legal notice Forward-looking information advisory Certain statements made by company representatives and information provided in this presentation may be considered forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate",
Slide 3: Legal notice: Non-GAAP and other financial measures
Legal notice Non-GAAP and other financial measures disclosure advisory This presentation contains various “total of segments measures” and “non-GAAP financial measures” (as such terms are defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure ("NI 52-112")). NI 52-1
Slide 4: Uniquely positioned for the future
ATCO overview Uniquely positioned for the future Our Purpose Our Objectives Our Experience 13 Manufacturing Locations Growth Creating prosperity and 28,600 Fleet Units Globally opportunity for Financial leadership 9 Commercial & 2 Residential Properties generations to come Support, Partner & Engage
Slide 5: Opportunities in Canada's North
ATCO opportunities Opportunities in Canada’s North Landscape of large and growing opportunities Canada’s defence landscape in the Arctic Increased northern Existing threats and pressures in the North include: spending Bill C-5 • Heightened geopolitical risk and increased military threats. (Nation bu
Slide 6: ATCO's northern strategy
ATCO opportunities ATCO’s northern strategy ATCO Frontec has been a leader for nearly 40 years in North America’s Arctic operations. Frontec current operations in the North Geographically diversified footprint Operating 6 defence projects • Alaska Radar & North Warning Systems Defence • RP North, CF
Slide 7: Q1 2026 adjusted earnings waterfall
Financial highlights Q1 2026 adjusted earnings1 waterfall $5 $1 ($1) $160 $165 1 2 2 1 Q1 2025 Canadian Utilities Limited Structures & Logistics 2 ATCO Investments Q1 2026 Note: Millions of Canadian dollars. 1. Total of segments measure (as defined in NI 52-112). The most directly comparable measure
Slide 8: ATCO Consolidated and segment adjusted earnings
Financial highlights ATCO Consolidated Canadian Utilities Adjusted Earnings1 Adjusted Earnings1 (Contribution to ATCO) Cash Flow from $160 $165 Operations $122 $127 (Excludes Canadian Utilities) $125 $120 Q1 2025 Q1 2026 Q1 2025 Q1 2026 ATCO Structures & Logistics ATCO Investments Adjusted Earnings1
Slide 9: ATCO Structures Q1 2026 Presentation
ATCO Ltd. Q1 2026 Presentation 9
Slide 10: Building momentum
ATCO Structures Building momentum $27M +4% $65M +5% Year-over-Year Year-over-Year Adjusted Growth Adjusted Growth Earnings1,2 EBITDA1,2 +27K +5% $863 +7% Global Space Year-over-Year Global Space Rentals Year-over-Year Growth Growth Rentals Fleet1 Average Rental Rate ($ per month)1 Note: Millions of
Slide 11: Positioned for growth
ATCO Structures Positioned for growth Our operations are strategically positioned near regions with strong economic and natural resource activity. 44 Branch locations NORTH AMERICA 13 Manufacturing locations SOUTH AMERICA 5 Countries AUSTRALIA Branches Branches with manufacturing Global operations a
Slide 12: Building out our next phase of growth
ATCO Structures Building out our next phase of growth Stibnite Gold Project • Executing $179M (CAD) contract. • Largest contract value in our operating history in the United States. • Agreement to develop and build a +1,000-person camp and office site. Stibnite Gold: Yellow Pine, ID • Located near Y
Slide 13: $213M in new contracts driving growth
ATCO Structures $213M in new contracts driving growth Canada $73M in contracts for space rental, workforce housing, and permanent modular construction solutions (comprised of 341 modular units) for: • Public infrastructure and defence in Central Canada • Emergency response projects in Central and We
Slide 14: The ATCO modular advantage
ATCO Structures The ATCO modular advantage Competitor A Competitor B Quality Fleet Custom Sales Design & Manufacturing Workforce Housing Local Branches & Staff Turn-Key Service Provider ATCO Structures delivers quality service and custom modular manufacturing ATCO Ltd. Q1 2026 Presentation 14
Slide 15: Tackling the world's most urgent challenges underpinned by a diverse portfolio
Closing remarks Tackling the world's most urgent challenges underpinned by a diverse portfolio Portfolio balances yield and long-term growth Significant non-regulated energy opportunities Growing earnings profile Focus on demonstrating value of ATCO Structures ATCO Structures 2025 adjusted earnings1
Slide 16: Question & Answer
Question & Answer InvestorRelations@atco.com ATCO Ltd. Q1 2026 Presentation 16