Alamo Group, Inc. · NYSE:ALG
Alamo — Q4 2025 Earnings Presentation
22 slides from Alamo's earnings presentation, Mar 3, 2026
Slide 1: March 2026 Investor Presentation
March 2026 Investor Presentation
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and related conference call contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and represent only the Company’s beliefs and expectations. Fo
Slide 3: Alamo Group at a Glance
Alamo Group at a Glance Alamo Group is a leading global manufacturer of high-quality industrial and vegetation management equipment essential for public and private infrastructure maintenance and responsible land management practices. Sales by Division Sales by End Market $1.60B 13.5% 2025 2025 Agri
Slide 4: Industrial Equipment
Industrial Equipment Financial Performance ($M) 2023 2024 2025 Overview Net Sales $711 $844 $950 The Industrial Equipment Division provides equipment solutions for Adj. Operating Income $76 $112 $133 infrastructure maintenance, industrial applications, and public works. Its Adj. Operating Margin 10.
Slide 5: Vegetation Management
Vegetation Management Financial Performance ($M) 2023 2024 2025 Overview Net Sales $979 $785 $654 The Vegetation Management Division delivers innovative equipment Adj. Operating Income $122 $61 $34 solutions for land management, municipal maintenance, and agriculture. Its Adj. Operating Margin 12.5%
Slide 6: Stable End Market Dynamics
Stable End Market Dynamics Alamo Group’s diversified portfolio serves essential sectors with recurring demand, predictable replacement cycles, and long equipment life, providing a stable foundation for growth through all economic conditions. • Reliable, non-discretionary spending on, infrastructure
Slide 7: Successful Long-Term Growth and Resilient Margins Across the Cycle
Successful Long-Term Growth and Resilient Margins Across the Cycle Alamo Group Revenue ($Bn) Adj. EBITDA Growth ($M) and Margin (%) Average EBITDA $1.7 Margin 12% $248 $1.6 $1.6 $1.5 $228 $217 $1.3 $195 $1.2 $1.1 $163 $1.0 $0.9 $0.9 $138 $0.8 $0.8 $123 $124 $107 $96 14.7% $89 14.0% 13.5% 12.9% $77 1
Slide 8: Compelling Investor Opportunity
Compelling Investor Opportunity Alamo Group is poised for growth due to an exciting mix of growth initiatives across the company 1 2 3 4 5 Operational Excellence Disciplined Capital Product Innovation Aftermarket Parts & Service Cost Reduction Initiatives Allocation • Continued product innovation •
Slide 9: Guiding Principles
Guiding Principles At Alamo Group, our principles guide everything we do. Excellence in People & Culture Mission. Vision. “To provide our customers with innovative equipment “To help keep our communities clean, safe, and solutions.” sustainable.” Our Values Safety Teamwork Respect Customer Integrity
Slide 10: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Capital Allocation Priorities Invest in Core Business • Capex in the range of 1-2% of sales 1 • Product Development and R&D • Supporting Information Technologies/Digitization • Manufacturing capacity and efficiency Targeted Approach to M&A • Meaningful Tuck-In
Slide 11: Long Term Financial Targets
Long Term Financial Targets Key Targets 1 Sales Growth of 8-10% inclusive of acquisitions 2 Adjusted Operating Income Margins of ~15% 3 Adjusted EBITDA Margins of ~18% 4 Free Cash Flow of 100% as a percentage of net income 11 Mar 2026 Investor Presentation
Slide 12: Leadership
Leadership Board of Directors Independent Chair of the Board President & CEO Richard Parod Robert Hureau Chair of Compensation Committee Executive VP & Chief Financial Officer Robert Bauer Agnes Kamps Chair of Nominating / Governance Committee Eric Etchart Executive VP - Corporate Development & Inve
Slide 13: Corporate Office
Corporate Office 1627 East Walnut St. Seguin, Texas 78155 Robert P. Hureau President & CEO Agnes Kamps EVP/ Chief Financial Officer Ed Rizzuti EVP / Corporate Development & Investor Relations Additional details about Alamo Group’s financial news and reports can be located on our website in the follo
Slide 14: Appendix
Appendix 14 Mar 2026 Investor Presentation
Slide 15: Sales and Earnings Overview – Q4
Sales and Earnings Overview – Q4 Sales and Earnings Sales by Division (USD Millions) (USD Millions) $500 $50 $500 $400 $40 $400 Earnings Sales $300 $30 $300 $200 $20 $200 $100 $10 $100 $0 $0 $0 4Q 2023 4Q 2024 4Q 2025 4Q 2023 4Q 2024 4Q 2025 Net Sales Net Earnings Vegetation Industrial 15 Mar 2026 I
Slide 16: Sales and Earnings Overview – FY
Sales and Earnings Overview – FY Sales and Earnings Sales by Division (USD Millions) (USD Millions) $2,000 $150 $1,000 $800 $1,500 $100 Earnings Sales $600 $1,000 $400 $50 $500 $200 $0 $0 $0 2023 2024 2025 2023 2024 2025 Net Sales Net Earnings Vegetation Industrial 16 Mar 2026 Investor Presentation
Slide 17: Income Statement
Income Statement Quarter Ended December 31 Twelve Months Ended December 31 (in USD Thousands) 2025 2024 2023 2025 2024 2023 Revenue 373,650 385,323 417,542 1,603,715 1,628,513 1,689,651 Gross Margin 85,001 91,788 108,920 397,817 412,488 453,644 % of Revenue 22.7% 23.8% 26.1% 24.8% 25.3% 26.8% Operat
Slide 18: Balance Sheet
Balance Sheet Three Months Ended December 31 Twelve Months Ended December 31 (in USD Thousands) 2025 2024 2023 2025 2024 2023 Current Assets 998,093 857,495 803,957 998,093 857,495 803,957 Total Assets 1,606,616 1,450,279 1,409,386 1,606,616 1,450,279 1,409,386 Current Liabilities 218,367 190,309 21
Slide 19: Reconciliation - EBITDA
Reconciliation - EBITDA Three Months Ended December 31 Twelve Months Ended December 31 (in USD Thousands) 2025 2024 2023 2025 2024 2023 Net Income 15,512 28,081 31,523 103,801 115,930 136,161 Interest, net 2,488 2,713 6,227 9,308 17,911 24,608 Provision for income taxes 5,794 6,377 8,715 35,711 33,6
Slide 20: Reconciliation - Operating Income
Reconciliation - Operating Income Three Months Ended December 31 Twelve Months Ended December 31 (in USD Thousands) 2025 2024 2023 2025 2024 2023 Operating Income 22,531 34,441 44,798 151,613 164,808 197,967 Adjustments: add: CEO Transition(1) --- --- --- 2,310 --- --- add: Acquisition and Integrati
Slide 21: Reconciliation - Operating Income & EBITDA
Reconciliation - Operating Income & EBITDA Alamo Group Industrial Division Vegetation Division Twelve Months Ended December 31 Twelve Months Ended December 31 Twelve Months Ended December 31 (in USD Thousands) 2025 2024 2023 2025 2024 2023 2025 2024 2023 Operating Income 151,613 164,808 197,967 128,
Slide 22: alamo – group.com info@alamo - group.com © 2026 Alamo Group Inc . All Rights
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