Hillman Solutions Corp. · NASDAQ:HLMN
Hillman Solutions — Investor Presentation (September 2026)
35 slides from Hillman Solutions's investor presentation, September 2026
Slide 1: Investor Presentation
Investor Presentation September 2026
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain forward-looking statements, including, but not limited to, Presentation of Non-GAAP Financial Measures certain plans, expectations, goals, projections, and statements, which are not historical facts In addition to the results provided in
Slide 3: A Premier Category Leader
A Premier Category Leader 60+ years of fastener and hardware leadership Attractive Markets Operating in a $19B+ market** with long term tailwinds #1 ~$1.6B 17.7% Position Across Revenue Adjusted EBITDA Primary Categories* 2025 Margin 2025 Aging Millennial Aging Pro Leadership position in our core fa
Slide 4: Hillman's Product Categories & Brand Leadership
Hillman’s Product Categories & Brand Leadership 90%+ of revenue from owned brands* driven by innovation across numerous categories and products Paint & Cleaning Core Fasteners Wall Hanging Rope & Chain Gloves Work Gear Specialty Fasteners Sundries Rods, Shapes & Power Screws Builders Hardware Anchor
Slide 5: A League of Our Own
A League of Our Own Unmatched presence in fastening & hardware categories Dominant Scale: Extensive purchasing power, product ~$1.6B #1 Position Across 90%+ breadth, and service infrastructure 2025 Revenue Primary Categories* Owned Brands* The Only Comprehensive Solution: The go-to category 25+ Year
Slide 6: Why We Win: Our Core Operational Competencies
Why We Win: Our Core Operational Competencies Interlocking competitive advantages compared to industry players Extensive Product Breadth Field Sales Team Manage +150,000 SKUs, offering retailers a one- 1,200+ sales & service representatives are our stop solution for complex categories eyes, ears, an
Slide 7: Network Designed for Speed and Proximity to Customer
Network Designed for Speed and Proximity to Customer Inventory is positioned close to customers to improve speed, service levels and cost to serve <24hr ~97% Order receipt US customers to shipment reached within 2 Days* High 90% 29 Distribution and Manufacturing Avg. order Distribution and Centers f
Slide 8: "Dual Faucet" Sourcing Agility to Optimize Landed Cost
“ Dual Faucet” Sourcing Agility to Optimize Landed Cost Continuous monitoring of total landed cost across network to pivot sourcing to most cost-effective origin …Determines Percent of Global Sourcing Spend Local Cost 2018 2025 YE 2026E 2018 2025 YE 2026E Actual Actual Actual Actual Capability Capab
Slide 9: More Than a Vendor, We Are a Strategic Partner
More Than a Vendor, We Are a Strategic Partner Top retailers rely on Hillman We Handle the Hard Part: Managing the complexity of tens of thousands of small SKUs, freeing up our customers' merchants Leading Service & Reliability: Our reps ensure shelves are stocked and organized to achieve high fill
Slide 10: MinuteKey V3.5 Unlocking New Growth Vectors
MinuteKey V3.5 Unlocking New Growth Vectors Transforming the duplication experience through platform innovation and expanded offerings Automotive Keys Endless Aisle • Traditional, transponder, (Ship-to-Home) Automated and smart fobs • 150+ different key types, and Self-serve Key • 1,200+ SKUs in the
Slide 11: Strong Retail Position and Growing Pro Presence
Strong Retail Position and Growing Pro Presence Multi-lane growth strategy to pursue organic and bolt-on acquisition opportunities Pro and Industrial Distribution Retail Pro Distribution Industrial Growing Pro with Partners Expanding in Distribution Master Distributor Model Expand share-of-wallet wi
Slide 12: Foothold in Professional Channels to Grow
Foothold in Professional Channels to Grow Hillman is expanding from a DIY-category leader to a complete hardware solution for the Pro ~$1.6B ~$460M We have been serving the Pro for decades $1.6B Total 2025 Revenue YEPro 2026E 2025 Capability Revenue We serve the Pro at retail and through our distrib
Slide 13: Multi-Lane Growth Strategy Across Pro
Multi-Lane Growth Strategy Across Pro Hillman has distinct and disciplined ways to drive growth across Pro channels Pro Distribution Scale Pro with Specialty Lumber & Building Retail Partners Distribution Materials Distribution Capitalize on $215M pro Leverage ~$100M specialty trade ~$100M in 2025 r
Slide 14: The Pro Landscape With Retail Partners
The Pro Landscape With Retail Partners Retail partners serve the pro inside the store and increasingly at the job site Retail partners serve Pro customers Retailer partners also have dedicated inside the store and online businesses to serve Pros at job sites $215M Immense Opportunity To expand Hillm
Slide 15: Expansive Specialty Distribution Landscape
Expansive Specialty Distribution Landscape Target high-return growth serving specialty distributors through existing operational capabilities Product Availability Product Depth End User Application Specific Global Supply Chain Advantage Owned by Hillman Retail Partners Products, supply chain, sales
Slide 16: Leveraging Core to Expand Across Each Channel
Leveraging Core to Expand Across Each Channel M&A strategy targeting specific strengths across our three key channels Expand Categories Pro Distribution Industrial Adjacent Categories Share-of-Wallet Master Distributor Model Acquire category players Acquire distributors in Plug master distributors i
Slide 17: Executing M&A Strategy
Executing M&A Strategy Three Deals Closed in 2026 CAMPBELL CHAIN DELANEY HARDWARE KANEBBRIDGE Identify Category Increased Hillman’s Expanded Hillman’s Established long-tail, industrial presence, Pro Distribution U.S. industrial master Execute expanding its chain platform, adding door distribution pl
Slide 18: Kanebridge
Kanebridge Long-Tail Master Distributor of Fasteners, Serving Industrial Distributors 44,000 SKUs: Managing the complexity of tens of thousands of small SKUs including industrial FINANCIAL DETAILS and military grade, and specialty fasteners Kanebridge: Headline Transaction Value $315 million Proprie
Slide 19: The Hillman Group 2026 USA TODAY Top Workplaces Winner
The Hillman Group 2026 USA TODAY Top Workplaces Winner 19
Slide 20: A Track Record of Delivering Value
A Track Record of Delivering Value Executing and strengthening business since 2021 public debut 2021 $1.8B 23 60+ +65% 100%+ Became Market Vendor of the Years of Adj. Net Income Free Cash Flow Nasdaq Public Capitalization Year Awards Resilient 2025 vs. 2021 Avg. Conversion Company Since 2021 Growth
Slide 21: Affirming 2026 Growth Trajectory
Affirming 2026 Growth Trajectory Projecting another year of growth with strong profitability and balance sheet improvement $1.670B - ~$285M $105M - $1.720B $115M GROWTH Revenue Adjusted EBITDA Free Cash Flow PROFIT CASH Increased approx. 9.2% YoY Margin approx. 17% at 100% target conversion of at mi
Slide 22: Hillman's Path to $2.5 Billion of Net Sales
Hillman’s Path to $2.5 Billion of Net Sales Targeting an 8%-12% revenue CAGR over the next 5 years driven by multiple levers $2.5B • New Category Expansion $1.6B • Existing Category • Pro Distribution • Market Growth Expansion • Industrial MRO • Customer Footprint • Pro Channel • Category Penetratio
Slide 23: Our 5-Year Financial Objectives (to 2030)
Our 5-Year Financial Objectives (to 2030) Resilient by design, growth by discipline, high-quality earnings compounder Revenue Margin Maintain Strong ROIC Growth Expansion Balance Sheet Improvement 8-12% Low-Double-Digit <2.5x High-Teens Revenue CAGR Adj. EBITDA CAGR Target Net Leverage Target ROIC 2
Slide 24: Expansive Largely Untapped White Space
Expansive Largely Untapped White Space To accelerate share gains over 5-year target horizon Core Growth ~14% At $2.5B Revenue Target New Business Wins Hillman Share of $19B+ ~9% $1.6B M&A Addressable Revenue Market Note: Addressable market based on third-party consulting 24 analysis and Hillman’s cu
Slide 25: Key Takeaways
Key Takeaways ies or Wi Resilient core business fortified by g n unique advantages serving as platform e th at for growth e dC Pro an Expansive largely untapped $19B+ TAM 0 to accelerate growth in adjacent Exp product categories and Pro channels ROIC Integrated operations and long-term Focus supply
Slide 26: Thank you
Contact Investor Relations: Thank you IR@hillmangroup.com 513-826-5495 ir.hillmangroup.com
Slide 27: Appendix
Appendix 27
Slide 28: Annual Performance by Operating Segment
Annual Performance by Operating Segment Hardware & Protective 2025 2024 Δ Year ended 12/28/2025 12/28/2024 Net Sales $1,193,957 $1,107,993 7.8% Adjusted EBITDA $196,250 $155,698 26.0% Adjusted EBITDA Margin % 16.4% 14.1% 230 bps Robotics & Digital 2025 2024 Δ Year ended 12/27/2025 12/28/2024 Net Sal
Slide 29: Annual Revenue by Product Category
Annual Revenue by Product Category Hardware & Robotics & Canada Consolidated Protective Digital Year Ended December 27, 2025 Fastening and Hardware $928,445 $— $122,916 $1,051,361 Personal Protective 265,512 — 5,425 270,937 Keys and Key Fobs — 179,215 9,739 188,954 Engraving and Resharp — 40,942 30
Slide 30: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Year Ended December 27, 2025 December 28, 2024 December 29, 2023 December 31, 2022 December 25, 2021 Net income (loss) $40,305 $17,255 $(9,589) $(16,436) $(38,332) Income tax expense (benefit) 16,291 9,297 2,207 1,769 (11,784) Interest expense, net 56,467 59,241 68,310
Slide 31: Segment Adjusted EBITDA Reconciliations
Segment Adjusted EBITDA Reconciliations Hardware & Robotics & Year Ended December 27, 2025 Canada Protective Digital Operating Income $90,553 $17,322 $6,094 Depreciation & amortization 88,829 47,390 4,883 Stock Compensation Expense 12,080 1,144 1,022 Restructuring 2,783 120 1,155 Litigation expense
Slide 32: Adjusted Net Income and Adjusted EPS Reconciliation
Adjusted Net Income and Adjusted EPS Reconciliation Year Ended December 27, 2025 December 28, 2024 December 30, 2023 December 31, 2022 December 25, 2021 Net Income (loss) $40,305 $17,255 $(9,589) $(16,436) $(38,332) Remove adjusting items (1) 21,152 25,920 36,792 50,346 69,711 Mark-to-Market adjustm
Slide 33: Adjusted Gross Profit and Margin Reconciliations
Adjusted Gross Profit and Margin Reconciliations Year Ended December 27, 2025 December 28, 2024 December 30, 2023 December 31, 2022 December 25, 2021 Net Sales $1,552,224 $1,472,595 $1,476,477 $1,486,328 $1,425,967 Cost of sales (exclusive of depreciation and 795,875 764,691 828,956 846,551 859,557
Slide 34: Net Debt, Net Leverage, and Free Cash Flow Reconciliations
Net Debt, Net Leverage, and Free Cash Flow Reconciliations Reconciliation of Net Debt and Net Leverage December 27, December 28, December 30, December 31, December 25, As of 2025 2024 2023 2022 2021 Revolving loans $36,000 $62,000 $— $72,000 $93,000 Senior term loan 636,960 645,470 751,852 840,363 8
Slide 35: Return on Invested Capital
Return on Invested Capital Return on Invested Capital (“ROIC”) Year Ended December 27, 2025 December 28, 2024 December 29, 2023 December 31, 2022 December 25, 2021 Income from operations $113,969 $88,801 $60,929 $39,894 $10,314 Remove income tax expense (1) 28,492 22,200 15,232 9,973 2,579 Remove le
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