Matrix Service Company · NASDAQ:MTRX
Matrix Service — Q4 2025 Earnings Presentation
25 slides from Matrix Service's earnings presentation, Sep 10, 2025
Slide 1: Investor Presentation Q4 FY25 Results
INVESTOR PRESENTATION Q4 FY25 Results | September 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains certain forward-looking statements concerning Matrix Service Company’s operations, economic performance and management’s best judgment as to what may occur in the future. The actual results for the current and future periods and other corporate develo
Slide 3: Investor Conferences and Investor Corporate Access
Investor Conferences Investor Corporate Access Kellie Smythe Senior Director of Investor Relations, Sustainability, Marketing & Communications T • 918 838 8822 E • ir@matrixservicecompany.com September 17-19, 2025 D.A. Davidson 24th Annual Diversified Industrials and Services Conference Nashville, T
Slide 4: Investing in MTRX
Investing in MTRX • Experienced specialty engineering and construction company supporting energy and utility infrastructure customers with a 40+ year track record • Provider of end-to-end services across entire asset life-cycle with niche capabilities in cryogenic storage for LNG, NGLs, and chemical
Slide 5: Business Overview
MATRIX SERVICE COMPANY BUSINESS Sa E
Slide 6: Who we are
Who we are Balanced Exposure Across Growing Energy & Infrastructure Markets (TTM revenue by segment) Specialty E&C business of scale Storage & Terminal Solutions. Headquartered in Tulsa, we are a leading specialty E&C 48% Storage tanks and terminals: of TTM revenue • Specialty vessels including comp
Slide 7: Full lifecycle solutions to support multi-year investments in core end-markets
Full lifecycle solutions to support multi-year investments in core end-markets Storage & Terminal Solutions Utility & Power Infrastructure Process & Industrial Facilities End Market Exposure End Market Exposure End Market Exposure Liquid Storage Power Power LNG Peak Midstream Downstream Chemical / T
Slide 8: Long-term value creation
Long-term value creation Deliver Performance Drive Capabilities Build high-quality Deliver Targeted Disciplined Capital Excellence Expansion project pipeline Margin Performance Allocation Culture of safety Expand solutions set Multi-year visibility Improved operating leverage Maximize total return O
Slide 9: Market sector focus areas for Matrix
Market sector focus areas for Matrix Current Markets: Strong brand position, strategic to portfolio, core E&C services with growth potential • Oil (Midstream) Fits our brand position and continued pursuit of core • Oil (Downstream) engineering and construction opportunities. • Midstream Gas Ability
Slide 10: Market outlook: high growth markets
Market outlook: high growth markets Our work in Our work in Semiconductors and Our work in Data Centers Advanced Computer Power Generation Manufacturing • Storage tanks and balance-of-plant • Centerline erection for back-up fuel • Storage tanks and balance-of-plant for back-up fuel • Boilers and sta
Slide 11: Key FY2025 Q4 messages
Key FY2025 Q4 messages 1. Our project teams are executing well with Direct Gross Profit (DGP) results above plan on consolidated basis. 2. The trend of growing revenue occurred as expected throughout the year, quarter over quarter, just not to the level we anticipated; we expect this revenue strengt
Slide 12: Backlog remains elevated versus historical levels, supporting increased visibility and revenue growth
Backlog remains elevated versus historical levels, supporting increased visibility and revenue growth Significant Backlog Supported by Book-to-Bill, Backlog, and Revenue robust infrastructure investment ($MM) Utility investment in peak shavers and $1,600.0 corresponding LNG storage infrastructure 1.
Slide 13: Robust opportunity pipeline
Robust opportunity pipeline Opportunity pipeline As of June 30, 2025 Consistent, strong opportunity pipeline across core operating segments ~$5.9 billion opportunity pipeline at June 30, 2025 Storage & Terminal 64% $5.9B Solutions Anticipate book-to-bill of at or near 1.0x Utility & Power Infrastruc
Slide 14: Strategic Roadmap
MATRIX SA 4 COMPANY. 7 Sa ROADMAP
Slide 15: Our strategic framework
Our strategic framework Underpinned by our core values, we are focused on Consistently Winning, Executing, and Delivering better than anyone else WIN EXECUTE Build backlog and grow market share Safe, reliable, high-quality execution and DELIVER within both existing and new high-value Sustainable and
Slide 16: Return-centric capital allocation
Return-centric capital allocation INVESTING IN GROWTH AND CREATING SHAREHOLDER VALUE Balancing organic and Deliver organic and inorganic growth through investment in expanded inorganic investment while service offerings and geographic footprint maintaining a strong balance sheet Core service offerin
Slide 17: Q4 FY25 Performance
SQ4 FY25 PERFORMANCE
Slide 18: Nearly $1.4B in backlog provides multi-year visibility to profitable growth
Nearly $1.4B in backlog provides multi-year visibility to profitable growth Our diversified end-markets Q4 FY25 ($M) are anchored by longstanding customer relationships $770.0 $365.9 $1.38B $769M Backlog by TTM Revenue Segment by Segment $248.7 $346.4 $265.6 $154.7 Storage & Terminal Solutions Utili
Slide 19: Q4 FY25 financial performance
Q4 FY25 financial performance Q4 FY25 HIGHLIGHTS 4Q FY25 | Issues impacting financial performance REVENUE • We lowered our recovery expectations on a legacy project that is $216.4 Million currently in a dispute resolution process which resulted in a $6.4 million Impacted $(6.4) Million reduction of
Slide 20: Investment summary
Investment summary To be updated Key Catalysts w/results Proven specialty E&C service provider with KEY LONG-TERM FINANCIAL TARGETS full lifecycle expertise Less than Less than Track record of excellence with deep base 6% 6.5% of recurring energy and industrials clients NET WORKING CAPITAL* SG&A MAR
Slide 21: Disciplined balance sheet management
Disciplined balance sheet management FORTIFIED BALANCE SHEET TO SUPPORT NEAR-TERM CAPITAL NEEDS AND INVEST IN LONG TERM GROWTH $284.5 Capital Allocation Priorities Liquidity ($MM) $247.1 • Maximize balance sheet $211.7 flexibility to support project $181.3 working capital needs $169.6 • Strategic ca
Slide 22: Appendix
APPENDIX
Slide 23: Quarterly results | Consolidated
Quarterly results | Consolidated (In thousands except %) Q4 FY25 Q4 FY24 VARIANCE Revenue $ 216,377 $ 189,499 $ 26,878 • Activity continues to accelerate as a result of Storage and Terminal Solutions 96,091 69,992 26,099 progressing work on several large projects currently in backlog Utility and Pow
Slide 24: Adjusted net income (loss)
Adjusted net income (loss) (In thousands except per share amounts) Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Net Income (Loss), as $ (3,167) $ (2,851) $ (14,581) $ (4,377) $ (9,223) $ (5,533) $ (3,434) $ (11,272) reported Restructuring costs _ _ _ 501 _ _ 124 3,448 Gain on sale
Slide 25: Adjusted EBITDA
Adjusted EBITDA (In thousands) Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Net Income (Loss), as $ (3,167) $ (2,851) $ (14,581) $ (4,377) $ (9,223) $ (5,533) $ (3,434) $ (11,272) reported Interest expense 325 319 143 343 89 145 134 150 Interest income (150) (162) (165) (862) (1,5
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