Wajax Corporation · TSX:WJX
Wajax — Q1 2026 Earnings Presentation
17 slides from Wajax's earnings presentation, May 5, 2026
Slide 1: Wajax Corporation Financial Results Q1 2026
WAJAX CORPORATION FINANCIAL RESULTS Q1 2026 May 5, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION his presentation contains certain forward-looking statements and forward-looking information, as defined in applicable securities laws (collectively, “forward-looking statements”). These forward-looking statements relate to future events or
Slide 3: Non-GAAP and Other Financial Measures
NON-GAAP AND OTHER FINANCIAL MEASURES This presentation contains certain non-GAAP and other financial measures that do not have a standardized meaning prescribed by generally accepted accounting principles ("GAAP"). Therefore, these financial measures may not be comparable to similar measures presen
Slide 4: Wajax At-A-Glance
WAJAX AT-A-GLANCE NATIONAL FOOTPRINT More than 167 years of operating history 105 branches coast-to-coast A broad range of industrial products and services Diverse market and sector experience REVENUE SOURCES Q1 2026 ($ millions) $502.1M IN REVENUE IN Q1 2026 Industrial Parts and Engineered $10.6 Re
Slide 5: Purpose and Values
PURPOSE AND VALUES Empowering People to Build a Better Tomorrow We commit to safety and well-being; We develop potential and expertise; We deliver an exceptional experience together; We build lasting relationships; and We strive to continuously improve. 5 Wajax Financial Results - Q1 2026 (May 5, 20
Slide 6: 2026 Strategic Priorities
2026 STRATEGIC PRIORITIES Continue to build a people-first company. Grow our existing business with a focus on parts, service and margin improvement. Unlock the potential of our enhanced direct relationship with Hitachi. Invest in operational efficiency, process optimization and technology enablemen
Slide 7: Highlights – First Quarter
HIGHLIGHTS – FIRST QUARTER In the first quarter of 2026, Wajax delivered improved margins, strong operating cash flow and a further reduction in leverage -9.5% 150 bps GROSS 0.3% -2% 55% REVENUE ADJUSTED ADJUSTED YTD TRIF3 PROFIT EBITDA $502.1 BASIC EPS1 million MARGIN1 MARGIN1 $0.67 2.02 20.6% 8.1%
Slide 8: Revenue by Region
REVENUE BY REGION Lower equipment volumes in all regions, including the delivery of one large mining shovel in the quarter versus two in the same quarter of 2025 Revenue by Region ($ millions) (10)% (3)% (14)% Note: Totals may not add due to rounding. 8 Wajax Financial Results - Q1 2026 (May 5, 2026
Slide 9: Heavy Equipment and Product Support Revenue
HEAVY EQUIPMENT AND PRODUCT SUPPORT REVENUE Equipment YoY Change 74.2% (2.1)% (0.3)% (1.2)% (23.3)% • Decrease from Q4 2025 was due primarily to lower mining sales in western Canada and lower construction and forestry sales in western and eastern Canada. • Decrease from Q1 2025 was due primarily to
Slide 10: Industrial Parts and ERS Revenue
INDUSTRIAL PARTS AND ERS REVENUE Industrial Parts YoY Change (6.6)% (4.1)% —% (2.3)% (4.9)% • Increase from Q4 2025 was due primarily to higher sales in western Canada. • Decrease from Q1 2025 was due primarily to lower sales in central and eastern Canada driven by softer market conditions. ERS YoY
Slide 11: Revenue by Category
REVENUE BY CATEGORY Revenue decrease driven primarily by lower construction and forestry equipment sales in all regions, and lower mining equipment and product support sales in western Canada CATEGORY4 Q1 2026 Q1 2025 CHANGE W C E HEAVY EQUIPMENT $ 277.8 $ 328.7 $ (50.9) ↓ ↓ ↓ Construction and Fores
Slide 12: Backlog and Inventory
Backlog 2 1 BACKLOG1 1. Backlog increased by $5.1 million (1.0%) from Q4 2025 to $521.7 million 2. Backlog decreased by $39.6 million (-7.0%) compared to Q1 2025 Inventory 2 1 INVENTORY 1. Total inventory of $593.6 million increased $44.0 million compared to Q4 2025 2. Total inventory decreased $64.
Slide 13: Cash Flow, Leverage and Balance Sheet
CASH FLOW, LEVERAGE1 AND BALANCE SHEET Cash Flow from Operating Activities Working Capital Efficiency1 Leverage1 2.53x 2.35x 2.28x 1.62x 1.51x Working capital efficiency has improved from Q4 2025 due to lower trailing four quarter average working capital Inventory turns have remained the same as Q4
Slide 14: Outlook
OUTLOOK • Looking ahead, Wajax continues to see solid customer demand in the mining and energy sectors. Mining demand is supported by a backlog that includes one large mining shovel scheduled for delivery within the next four quarters. • Market conditions in other sectors remain mixed across regions
Slide 15: Appendix
APPENDIX 1 15
Slide 16: Endnotes
ENDNOTES 1. This measure does not have a standardized meaning prescribed by GAAP. Please see Wajax’s Management’s Discussion and Analysis for the three months ended March 31, 2026 under the heading “Non-GAAP and Other Financial Measures”, which is available on SEDAR+ at www.sedarplus.ca, for definit
Slide 17: wajax.com
wajax.com 17 Wajax Financial Results - Q1 2026 (May 5, 2026)