Slide 1: Investor Presentation Q2 2026
Investor Presentation Q2 2026
Slide 2: Disclosures
Disclosures Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be preceded by, followed by or include the words “believes,” “expects,” “anticipates,” “intends,” “
Slide 3: Our Rich History
Our Rich History 1849 1950s 2000s 2022+ Post pandemic Founded as a Becomes largest Expands into watch business, metals materials Engineered lays out VISION & then general supplier to the Products through 2027 roadmap. store, during Aerospace industry strategic Gold Rush years. in Southern Calif. acq
Slide 4: Evolution of Ducommun's Financial Profile
Evolution of Ducommun’s Financial Profile FY 2016 LTM Q2 2026 Change ($ millions) Market Statistics Market $286 $2,817 884% Capitalization1 Enterprise $449 $3,054 581% Value2 Net Revenues $551 $865 57% Financial Adj. EBITDA $55 $148 168% Adj. EBITDA % 10% 17% ~700bps Creating significant shareholder
Slide 5: Our Company
Our Company LTM Q2 2026 LTM Q2 2026 Adjusted Q2 2026 Ending Diverse Product Content on Large and Growing Platforms… Revenue: EBITDA Margin: RPO: $865M 17.2% $1.16B Large Commercial Missiles & Radar Other 4% Revenue by End PAC-3 Tomahawk B737 Family A320 Market1 Commercial Military & Space 38% 58% SP
Slide 6: Our Segments
Our Segments Electronic Systems Structural Systems (56% of 2025 Revenue) (44% of 2025 Revenue) Overview Innovative and ruggedized electronic and Engineered aerostructure electromechanical products and assemblies components and assemblies Financial Revenue $463mm $362mm Profile (2025) Adj. EBITDA 21%
Slide 7: Vision 2027
Vision 20271 ~$950 Million – $1 Billion of Net Revenues by 2027 Scale from continued Adj. EBITDA Margin (%) Commercial Aerospace ($ millions) recovery and Defense growth Strategic acquisitions2 ~ 950 – 2026 Q2 at 17.1% 1,000 ~18% Pricing strategy focused on 713 value 13% Facility consolidation Cost
Slide 8: Key Investment Highlights
Key Investment Highlights 1 Expanding Portfolio of Proprietary Product Businesses Across Several Niche Segments 2 Cost Reduction Initiatives and Facility Rationalization Provide Further Margin Runway 3 Demonstrated M&A Strategy and Execution 4 Tier 1 Industry Player Entirely Focused on Aerospace & D
Slide 9: Expanding Portfolio of Engineered Product Businesses
Expanding Portfolio of Engineered Product Businesses 2021 Acquisition 2019 Acquisition 2023 Acquisition 2017 Acquisition 2018 Acquisition Human Ammunition Machine Aerodynamic Lightning Thermoplastic Motors & Magnetic Seals Handling RF Switches Interface Systems Protection Extrusions Resolvers System
Slide 10: Cost Reduction Initiatives to Support Margin Growth
Cost Reduction Initiatives to Support Margin Growth Facility Consolidation Low Cost Footprint Expansion Guaymas, Mexico Coxsackie, New York Monrovia, CA (274k sq ft) Increased square footage from 62k to 117k in Q1 2023 Facility shutdown in Q4 2024 Expanded capabilities beyond VersaCore to metal Guay
Slide 11: M&A Strategy
M&A Strategy Mission VISION 2027 Transition to higher engineered product Acquire proprietary engineered A&D content and aftermarket revenues while product businesses that have sufficient continuing to build a portfolio of niche runway for Ducommun to create A&D businesses that are industry leaders s
Slide 12: Well Positioned on Key Commercial Aerospace Platforms
Well Positioned on Key Commercial Aerospace Platforms Shipset value estimate Boeing Recovery Play – Content on MAX and 787 Growth with Airbus Platforms Business Jet and Commercial Rotorcraft Significant content with titanium Ducommun awarded Gulfstream Aerospace 3X growth in revenues from Airbus sup
Slide 13: Positioned to Benefit from Macro Defense Tailwinds
Positioned to Benefit from Macro Defense Tailwinds Defense Prime Off Loading Well Positioned on Next-Gen and DOD Priority Platforms Take non-core manufacturing out of defense prime factories into lower cost Ducommun footprint Missiles & Missile Systems Missile Defense & Radars Track record of on-tim
Slide 14: DoW Missile Framework Agreements Catalyst for Defense Growth
DoW Missile Framework Agreements Catalyst for Defense Growth AMRAAM SM3 -IIA SM3 - IB SM6 Tomahawk PAC-3 THAAD Current Annual Estimated ~1,100 ~70 125 55 - 90 ~600 96 Production* Revised Annual Production over 1.5x 2x - 4x 4x 10x 3x 4x Next 7 years* DCO Incumbent Supplier DoW significantly ramping p
Slide 15: Differentiated Manufacturing Services Capabilities
Differentiated Manufacturing Services Capabilities Titanium Hot & Circuit card assemblies Ruggedized Complex Stretch Form VersaCore Composites SuperPlastic forming & box builds Interconnects & Chem Mill Significant trusted low-cost domestic footprint Unique capability to stretch Proprietary VersaCor
Slide 16: Key Investment Highlights Recap
Key Investment Highlights Recap 1 Expanding Portfolio of Proprietary Product Businesses Across Several Niche Segments 2 Cost Reduction Initiatives and Facility Rationalization Provide Further Margin Runway VISION 2027 Revenue Adj. EBITDA % 3 Demonstrated M&A Strategy and Execution $950 - $1,000M 18%
Slide 17: Appendix
=>) Ducommun Appendix
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures Note Regarding Non-GAAP Financial Information: This presentation contains non-GAAP financial measures, including Adjusted EBITDA (which excludes interest expense, income tax expense, depreciation, amortization, stock-based compensation expense, restructuring charges, gain
Slide 19: Key Facts
Key Facts Ducommun Incorporated Exchange: Ticker symbol NYSE: DCO Share price(1) $186.60 52-week high / low share price(2) $196.63 / $83.05 Common shares outstanding(3) 15.1 million Market cap(3) $2.8 billion Cash(3) $39.8 million Net debt outstanding(4) $236.6 million Enterprise value (5) $3.1 bill
Slide 20: Historical Key Financial Data
Historical Key Financial Data Historical Key Financial Data ($ millions, unless stated otherwise) Year Ending LTM 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q2 2026 Revenue 551 558 629 721 629 645 713 757 787 825 865 Adj. EBITDA 55 54 71 92 88 93 95 102 117 136 148 Adj. EBITDA % 10% 10% 11% 1
Slide 21: Adjusted EBITDA for 2016 through Q2 2026
Adjusted EBITDA for 2016 through Q2 2026 LTM Q2 ($ millions) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Net Revenues $ 551 $ 558 $ 629 $ 721 $ 629 $ 645 $ 713 $ 757 $ 786 $ 825 $865 Net Income $ 25 $ 20 $9 $ 32 $ 29 $ 136 $ 29 $ 16 $ 22 ($37) ($21) Interest Expense 9 9 13 18 14 11 12 21
Slide 22: Tariff Exposure
Tariff Exposure Manufacturing Footprint1 Sales by Region2 USA > 96% USA 86% Europe 6% China 3%3 Mexico < 4% ROW 3% Canada/ Mexico 2% Tariffs are not expected to have a significant impact on 2026 performance 1 Based on 2025 Revenue by manufacturing location 22 2 Based on 2025 Revenue by ship to count
Slide 23: Additional Information
Additional Information For additional information on Ducommun Incorporated, please refer to the Company’s Investor Day Presentation from December 8th, 2022 which can be found on the Company’s Investor Relations tab at www.Ducommun.com 23
Slide 24: Explore More
EXPLORE MORE Visit Ducommun.com