Slide 1: Shimmick Corporation Q2 2026 Earnings Presentation
08.10.2026 SHIMMICK CORPORATION Q2 2026 EARNINGS PRESENTATION
Slide 2: Disclaimer
DISCLAIMER This presentation is being delivered on behalf of Shimmick Corporation (the “Company”). The sole purpose of this presentation is to provide information in connection with a review of the Company’s operations and/or financial status. This presentation does not purport to be all-inclusive o
Slide 3: Shimmick Overview
SHIMMICK OVERVIEW Shimmick (NASDAQ: SHIM) is a leading contractor delivering complex infrastructure solutions across water, energy and critical infrastructure with industry-leading self-performance capabilities spanning civil, mechanical and electrical work, across multiple states Strategic Growth M
Slide 4: Q2 2026 Highlights
Q2 2026 HIGHLIGHTS $107M 12% $4.4M 1.4x Total Revenue Total Gross Margin Adjusted EBITDA Book-to-Burn $116M work put in place¹ ▲ 53% vs PY ▲ $4.6M swing from PY loss Q2 2026 4th consecutive quarter of positive Adjusted EBITDA and backlog growth ✓ ✓ ✓ ✓ Q3'25 Q4'25 Q1'26 Q2'26 Trailing twelve month A
Slide 5: Our Markets
OUR MARKETS Strong demand for our services continue in water/wastewater treatment, flood protection, water resources, and industrial/mission critical electrical construction We are focused on our core markets of water treatment and resilience and electrical construction in California, Texas, and Was
Slide 6: Backlog
BACKLOG • $138M of Project Awards booked in Q2 2026 $1.2B • $221M of additional new awards pending fully $221 (1) executed contract ending Q2 2026, spanning electrical and water projects primarily in California and Texas • $756M New Awards booked in the past 4 quarters $991 $822 $793 • 4th consecuti
Slide 7: Outlook
OUTLOOK We are in the right markets, executing projects with the right risk profiles. We expect increase in revenues the rest of 2026 and into 2027, through ramp up of new wins in our key markets of California, Texas and Washington in our core markets of water, electrical and other critical infrastr
Slide 8: Q2 2026 Revenue & Gross Margin
Q2 2026 REVENUE & GROSS MARGIN Revenue $107M Shimmick Project Revenue(1) for Q2’26 was up 9% versus Q1’26 $110 $100 $100M $11 $90 $15 $88M $96 $88 $80 $85 $70 Total Gross Margin for Q2’26 was up 14% versus Q1’26 $60 $50 $40 2025 Q4 2026 Q1 2026 Q2 Shimmick Revenue Non-Core Revenue Non-Core Loss Proj
Slide 9: 2026 FY Guidance (As of August 10, 2026)
2026 FY Guidance (As of August 10, 2026) Shimmick Consolidated Revenue(1) $575M $525M Revising 2026 full-year Shimmick Consolidated $493M Revenue(1) to between $525M and $575M, 12% increase year-over-year at the midpoint 2025 FY 2026 FY Shimmick Consolidated Adjusted EBITDA Maintaining 2026 full-yea
Slide 10: Appendix
Appendix | 4 « SHIMMICK 10
Slide 11: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS * Please refer to the following page for explanatory notes regarding non-GAAP financial measures. (1) Consists of transformation-related costs we have incurred including advisory costs in connection with settling outstanding claims in connection with exiting certain
Slide 12: Non-GAAP Financial Measures Explanatory Notes
NON-GAAP FINANCIAL MEASURES EXPLANATORY NOTES Adjusted Net Loss Adjusted EBITDA Adjusted net loss represents Net loss attributable to Shimmick Corporation Adjusted EBITDA represents our Net loss attributable to Shimmick Corporation before interest expense, income tax expense adjusted to eliminate st
Slide 13: Investor Contact
Investor Contact IR@shimmick.com (949) 704-2350 investors.shimmick.com