Tecnoglass Inc. · NYSE:TGLS
Tecnoglass — Q1 2026 Earnings Presentation
23 slides from Tecnoglass's earnings presentation, May 7, 2026
Slide 1: First Quarter 2026 Earnings Conference Call
First Quarter 2026 Earnings Conference Call May 7, 2026 – TECNOGLASS INC. (NYSE: TGLS) www.tecnoglass.com
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are bas
Slide 3: Highlights
300 Third Avenue Waltham, Massachusetts l Highlights www.tecnoglass.com
Slide 4: Q1 2026 Key Takeaways
Q1 2026 Key Takeaways • Revenues up 12.0% YoY to a record first quarter of $249.0 mm, driven by strong performance Revenues by Geography Q1’26 across core markets, continued market share gain through expanding presence, and increased traction in the vinyl business 5% • Single-family revenues relativ
Slide 5: U.S. Growth Driving Resilient Multi-family/Commercial Backlog
U.S. Growth Driving Resilient Multi-family/Commercial Backlog Backlog Overview Backlog as of Q1’26 by End Market • Backlog expanded 19.1% YoY to a record $1.36 bn, supported by our Multifamily / strong execution track record on high-profile projects and ability to gain Residential Related market sha
Slide 6: Demonstrated History of Converting Backlog to Revenue
Demonstrated History of Converting Backlog to Revenue Backlog to Revenue Conversion 114% 110% 111% 106% 107% 102% 100% 97% 95% 88% 88% 89% 93% 92% 93% 91% 86% 85% 86% 70% 70% 75% 73% 69% 64% 59% 61% 60% 58% 63% 61% 59% 60% 58% 55% 57% 55% 56% 53% 54% $ millions 1,263 1,289 1,360 1,110 1,144 1,196 1,
Slide 7: Single-Family Residential Business Expanding
Single-Family Residential Business Expanding Strong Presence in High-Demand U.S. Markets Product Innovation to Propel Effective Expansion Florida Texas East Coast California & Arizona Operational Showrooms Expected 2026 Openings Core Presence Today Developing Presence Mixed Energy Efficiency & Impac
Slide 8: TGLS Continues to Outperform a Muted Single-Family Residential Market
TGLS Continues to Outperform a Muted Single-Family Residential Market Residential Construction Spending Put in Place NAHB Remodeling Market Index Tecnoglass Single-family Residential Revenue ($ in Millions) ($ in Millions) $869,773 $909,371 $403.0 68 61 $335.4 2.2% -4.6% 8.6% CAGR CAGR CAGR 2023 LTM
Slide 9: Financial Update
l Aston Martin Miami, Florida l Financial Update www.tecnoglass.com
Slide 10: Revenue Bridge 2026 vs. 2025
Revenue Bridge 2026 vs. 2025 Q1 2025 Revenue Bridge (US$M) 25.1 2.1 249.0 222.3 -0.5 Q1'25 Revenues US Single-Family Residential US Multi-Family / Commercial LATAM/Rest of the world Q1'26 Revenues • Revenue growth of 12.0% to $249.0 mm in Q1’26 driven by market share gains in multi-family / commerci
Slide 11: Adjusted EBITDA Bridge 2026 vs. 2025
Adjusted EBITDA(1) Bridge 2026 vs. 2025 Q1 2026 Adjusted EBITDA Bridge (US$M) 31.6% 24.7% 11.3 70.2 -8.4 -6.4 2.5 0.1 61.5 -7.7 Adjusted EBITDA margin Q1 2025 Adj. EBITDA Volume / Price Mix SG&A US Alum price FX Impact Operating Leverage JV Contribution Q1 2026 Adj. EBITDA • Gross margin decreased 5
Slide 12: Pricing, Operational, and Strategic Initiatives to Mitigate Aluminum and FX Impacts
Pricing, Operational, and Strategic Initiatives to Mitigate Aluminum and FX Impacts Aluminum Cost Mitigation Actions in Place Aluminum Market Context • Since May 2025 we have proactively addressed U.S. aluminum tariffs • Record-high aluminum prices and premiums creating industry- through targeted mi
Slide 13: Strong Capital Resources and Record of Deployment
Strong Capital Resources and Record of Deployment Fortress Balance Sheet, 1Q’26 High Return Capital Deployment, 2023-YTD 1Q’26 Share Total Debt Net Leverage(1) Repurchases 33% $200 mm 0.4x Capital Deployed Weighted Average Weighted Average Interest Rate Maturity $482 mm Dividend 15% 5.1% ~4.5 Years
Slide 14: Consistent Record of Attractive Returns Above Peers
Consistent Record of Attractive Returns Above Peers 3 Year Average ROIC 3 Year Average ROE 27% 36% 9% 12% TGLS U.S. Building Products Peers 1 TGLS U.S. Building Products Peers 1 Strong profitability, prudent cash management and disciplined deployment driving strong returns Notes: 1. U.S. Building Pr
Slide 15: Outlook Update
205 Race Street Philadelphia, Pennsylvania l OUTLOOK UPDATE www.tecnoglass.com
Slide 16: 2026 Outlook
2026 Outlook Full Year 2026 Outlook Assumptions • Sustained share gains and solid residential demand support growth, supplemented by May pricing actions. High End • Continued share gains plus strong execution in new geographies and vinyl; Executing on current backlog without project delays • Aluminu
Slide 17: Appendix
3Eleven 601 Hudson Yards New York City, New York l APPENDIX www.tecnoglass.com
Slide 18: Vertically-Integrated & Well-Situated Operations Create Structural Advantages
Vertically-Integrated & Well-Situated Operations Create Structural Advantages Supplier JV & Long Term Sales, Raw Production Final s Suppliers Supply Distribution Materials Process Product Relationships & Installation Tecnoglass integration across the architectural glass and window value chain provid
Slide 19: ESG Strategy
ESG Strategy Outstanding Achievements Environmental Social Governance Enhancing Our Environment Promoting Continuous, Ethical and Responsible Leading Eco-Efficiency and Innovation Growth National Carbon Neutrality Employee Training and Ethics and Compliance Program Education Programs Program +15,000
Slide 20: ESG Strategy
ESG Strategy Our Sustainability Strategy contains the Company’s guidelines and value propositions to meet the expectations of our stakeholders Environmental Social Governance Enhancing Our Environment Promoting Continuous, Ethical and Responsible Leading Eco-Efficiency and Innovation Growth Encourag
Slide 21: Leading Eco-efficiency and Innovation
Leading Eco-efficiency and Innovation Over 85% of Tecnoglass’ total revenues are considered Green Revenues, including low emissivity and impact-resistant glass and windows, contributing to reducing global emissions and mitigating climate change effects 68% 65% 84% of our revenues are of our revenues
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation1 Adjusted EBITDA and adjusted net (loss) income attributable to parent reconciliation Three months ended Figures in U.S 000’s March 31, 2026 2025 Net income 31,891 42,189 Foreign currency transactions losses (gains) (917) 509 Provision for bad debt 1,088 215 Non-Recurring exp
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation1 Net Debt, Leverage and Total Investment Reconciliations As of Mar 31, Figures in U.S 000’s 2026 2025 Short Term Debt and Current Portion of Long Term Debt 5,873 627 Long Term Debt 194,386 108,409 Gross Debt 200,259 109,036 Cash at the end of the period 91,116 157,302 Net Deb