Albany International Corporation · NYSE:AIN
Albany International — Q2 2026 Earnings Presentation
33 slides from Albany International's earnings presentation, Aug 4, 2026
Slide 1: AIN Investor Presentation
PROPRIETARY & CONFIDENTIAL AIN INVESTOR PRESENTATION June 2026 This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal and/o
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains certain items, such as earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted EBITDA, Adjusted EBITDA Margins, Free Cash Flow and net debt, as well certain income and expense items on a per share basis, that could be conside
Slide 3: A Differentiated Materials Science Company
PROPRIETARY & CONFIDENTIAL A Differentiated Materials Science Company Applying Advanced Industrial and 3D Weaving Technologies to Critical Aerospace, Defense, Paper and Industrial Applications. 3
Slide 4: Strategic Overview
STRATEGIC OVERVIEW Two unique end markets from one shared expertise in material science MACHINE CLOTHING ENGINEERED COMPOSITES Global leader in paper machine fabrics and Long-term growth engine process belts Grew organically from weaving and composites manufacturing capabilities Leading position in
Slide 5: About Albany International
ABOUT ALBANY INTERNATIONAL Founded in 1895 Market Cap $1.9B Global operations across 10 countries $1.2B $57M 20+ years ~5,700 2025 Revenue 2025 Adj. EBITDA Consecutive dividend Employees globally payouts June 2025 | 5 June
Slide 6: Segment Overview
PROPRIETARY & CONFIDENTIAL SEGMENT OVERVIEW Machine Clothing Engineered Composites This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may resu
Slide 7: Machine Clothing Global Reach
PROPRIETARY & CONFIDENTIAL MACHINE CLOTHING GLOBAL REACH ▪ Global Scale, Market Leadership and Stable Cash Flow Generation HEAD OFFICES R&D CENTERS OF EXCELLENCE PRODUCT ENGINEERING | PLANTS 7
Slide 8: Machine Clothing Categories
MACHINE CLOTHING CATEGORIES Pressing Forming Drying Belts Advanced seamed press High-performance fabrics Proprietary dryer and clean Value-added belting solutions fabrics that enable safer, faster engineered for support, technologies that improve that deliver measurable installation while supporting
Slide 9: Machine Clothing Technology
MACHINE CLOTHING TECHNOLOGY FORMING PRESSING PROCESS BELTS DRYING • Produce consumable belts that enable production of every paper product in your life • Essential to paper machine operation • Operate continuously in a harsh environment CONSUMABLE PRODUCTS # POSITIONS AVERAGE LIFE HARSH ENVIRONMENT
Slide 10: Machine Clothing End Markets
MACHINE CLOTHING END MARKETS Global stability with softness in Asia GEOGRAPHY PAPER GRADE AMERICAS TISSUE STABLE Bright spot globally with planned new investments supporting Growth in Tissue partly impacted by industry consolidation largely growing demand impacting packaging PACKAGING EUROPE Long-te
Slide 11: Environmental Initiatives
ENVIRONMENTAL INITIATIVES ▪ We are seeing high customer demand for recycling of products at the end of life. ▪ MC business has invested in several pilot projects for circularity of industrial textiles, including funding trials for enzymatic decomposition and recycling. ▪ We invest in significant R&D
Slide 12: Engineered Composites (AEC)
ENGINEERED COMPOSITES (AEC) Proprietary 3D Weaving Solutions for Critical Aerospace Structures and Titanium Replacement Core Advanced Manufacturing Technologies Key Growth Applications • 3D Weaving • Commercial Aerospace Engines • Braiding • Defense & Missile Systems • Filament Winding • Space Appli
Slide 13: Commercial Solutions
COMMERCIAL SOLUTIONS Our composite solutions not only make … but make the engines themselves more aircraft lighter, improving fuel efficiency… efficient, by reducing rotating weight Tail structures Fuselage frames Wing skins Wing components 3D-woven Fan cases composite blades Rods and struts • Light
Slide 14: Engineered Composites End Markets
ENGINEERED COMPOSITES END MARKETS Broad portfolio performing; portfolio reshaping to enhance profitability COMMERCIAL DEFENSE AEROSPACE AEROSPACE GROWING STABLE LEAP deliveries increasing with customer demand F-35 program at rate BETA certification underway and production ramping Focusing new busine
Slide 15: Strategic Priorities
STRATEGIC PRIORITIES Focus on higher margin, proprietary components where we have a technological advantage STRONG DEVELOPMENT PIPELINE PORTFOLIO RESHAPING Next Generation Technology Ongoing Strategic Review of Aemilia Earhart Facility Commercial Aerospace Engines Launched in 4Q 2025 Defense & Missi
Slide 16: Pratt & Whitney Award
PRATT & WHITNEY AWARD This award reflects AEC’s ability to deliver high-volume, high-precision composite structures Geared Turbofan Contract ▪ AEC secured a long-term contract to supply advanced composite components for Pratt & Whitney’s fuel-efficient commercial aviation Pratt & Whitney GTFTM engin
Slide 17: Financial Update
PROPRIETARY & CONFIDENTIAL FINANCIAL UPDATE This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal and/or civil liability.
Slide 18: Q1 Consolidated Financials
Q1 CONSOLIDATED FINANCIALS (Millions USD, except Q1 2026 Q1 2025 4Q2025 Summary per share data) • Broad-based Engineered Composites growth offset lower Machine Clothing demand. Total Revenue* $311.3 $288.8 $321.2 • 1Q revenue affected by equipment downtime Adjusted** EBITDA $48.2 $55.7 $57.3 in Mach
Slide 19: Q1 Machine Clothing Financials
Q1 MACHINE CLOTHING FINANCIALS ON A CONSTANT CURRENCY BASIS Summary (Millions USD) Q1 2026 Q1 2025 • Global demand stabilized at second-half 2025 levels. Revenue* $159.8 $174.7 • Order rates improved across regions, though visibility in China remains limited. Adjusted* $45.1 $49.7 • 1Q volume affect
Slide 20: Q1 Engineered Composites Financials
Q1 ENGINEERED COMPOSITES FINANCIALS Summary (Millions USD) Q1 2026 Q1 2025 4Q2025 • Revenue growth driven by broad-based volume increases across commercial aerospace and defense platforms. Revenue $145.4 $114.1 $143.7 • LEAP, F-35 and missile programs supported by Adjusted* strong underlying demand.
Slide 21: TTM Cash Flow and Balance Sheet
TTM CASH FLOW AND BALANCE SHEET (TTM, Millions USD) TTM as of TTM as of Summary March 2026 March 2025 • Consistent strong free cash flow generation • Disciplined reinvestment into key strategic Free Cash Flow* $90.8 $141.7 initiatives including; o New product development in Machine Clothing o Titani
Slide 22: Financial Snapshot
FINANCIAL SNAPSHOT Strong balance sheet and cash flow supports disciplined capital allocation Balanced capital allocation strategy TTM as of March 30, 2026 directed toward organic growth through CAPEX and consistent R&D investment, along with return of cash to $65.2M $446M CAPEX Spend Liquidity Avai
Slide 23: Question and Answer
PROPRIETARY & CONFIDENTIAL QUESTION AND ANSWER This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal and/or civil liabilit
Slide 24: Appendix
PROPRIETARY & CONFIDENTIAL APPENDIX This document contains proprietary, confidential, and/or trade secret information. Possessing, using, copying or disclosing this document to or for the benefit of any third party without prior written consent may result in criminal and/or civil liability. 24
Slide 25: Appendix: GAAP to non-GAAP reconciliation
APPENDIX GAAP to non-GAAP reconciliation Reconciliation of Net income/(loss) (GAAP) to Adjusted EBITDA (non-GAAP) for the current-year and comparable prior-year periods have been calculated as follows. albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first
Slide 26: Appendix: GAAP to non-GAAP reconciliation
APPENDIX GAAP to non-GAAP reconciliation Reconciliation of Net income/(loss) (GAAP) to Adjusted EBITDA (non-GAAP) for the current-year and comparable prior-year periods have been calculated as follows. albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first
Slide 27: Appendix: GAAP to non-GAAP reconciliation
APPENDIX GAAP to non-GAAP reconciliation The following table presents the reconciliation of Net revenues to net revenues excluding the effect of changes in currency translation rates, a non-GAAP measure: albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on fir
Slide 28: Appendix: GAAP to non-GAAP reconciliation
APPENDIX GAAP to non-GAAP reconciliation The following table presents the reconciliation of Machine Clothing's Adjusted EBITDA Margin to Adjusted EBITDA Margin excluding the effect of changes in currency translation rates, a non-GAAP measure: albint.com | AIN | ©2025 Albany International Corp | Dist
Slide 29: Appendix: GAAP to non-GAAP reconciliation
APPENDIX GAAP to non-GAAP reconciliation Per share impact of the adjustments to earnings per share are as follows: albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page. 29
Slide 30: Appendix: GAAP to non-GAAP reconciliation
APPENDIX GAAP to non-GAAP reconciliation The following table provides a reconciliation of Earnings per share attributable to the Company shareholders - Diluted (GAAP) to Adjusted earnings per share attributable to the Company shareholders - Diluted (non-GAAP): albint.com | AIN | ©2025 Albany Interna
Slide 31: Appendix: GAAP to non-GAAP reconciliation
APPENDIX GAAP to non-GAAP reconciliation The calculations of net debt are as follows: albint.com | AIN | ©2025 Albany International Corp | Distribution subject to restrictions on first page. 31
Slide 32: Appendix: GAAP to non-GAAP reconciliation
APPENDIX GAAP to non-GAAP reconciliation Free cash flow is defined as GAAP "Net cash provided by operating activities" in a period less "Purchases of property, plant and equipment" and "Purchased software" in the same period. Management believes free cash flow provides an important perspective on ou
Slide 33: Appendix: GAAP to non-GAAP reconciliation
APPENDIX GAAP to non-GAAP reconciliation TTM Free Cash Flow is as follows: TTM as of Q1 2026 Free Cash Flow: Trailing Twelve Months Ended March 31, 2026 2025 Net cash provided by operating activities 155,998,000 210,584,000 Purchases of property, plant and equipment (63,523,000) (68,987,000) Purchas