Slide 1: Second Quarter 2025 Earnings Conference Call
Second Quarter 2025 Earnings Conference Call August 7, 2025 – 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: Q2 2025 Key Takeaways
Q2 2025 Key Takeaways • Revenues up 16.3% YoY to an all-time record of $255.5 mm, driven by strong performance across core Revenues by Geography Q2’25 markets, continued market share gains through expanding presence in new geographies, and increased traction in the vinyl business 5% • Single-family
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 Q2’25 by End Market • Backlog expanded 17.2% YoY to a record $1.2 bn, supported by our strong execution track record on high-profile projects and ability to gain market share, Multifamily / Residential which
Slide 6: Demonstrated History of Converting Backlog to Revenue
Demonstrated History of Converting Backlog to Revenue Backlog to Revenue Conversion $ 1,250 114% 110% 111% 130% $ 1,150 106% 107% 102% 100% 97% 110% 95% 92% 93% 95% 92% 93% 91% $ 1,050 90% 87% 86% 88% 88% 89% 84% $ 950 75% 90% 70% 70% 73% 69% $ 850 66% 63% 64% 60% 58% 59% 61% 60% 58% 61% 59% 60% 58%
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 2025 Openings Core Presence Today Developing Presence Mixed Energy Efficiency & Heat
Slide 8: Financial Update
l Aston Martin Miami, Florida l Financial Update www.tecnoglass.com
Slide 9: Revenue Bridge 2025 vs. 2024
Revenue Bridge 2025 vs. 2024 Q2 2025 Revenue Bridge (US$M) • Revenue growth of 16.3% YoY to $255.5 mm in Q2’25 driven by market share gains in single-family residential and multi-family / commercial revenues, as a result of robust demand for our best-in-class product offerings, coupled with ability
Slide 10: Adjusted EBITDA Bridge 2025 vs. 2024
Adjusted EBITDA(1) Bridge 2025 vs. 2024 Adjusted EBITDA margin Q2 2025 Adjusted EBITDA Bridge (US$M) 29.2% 31.2% • Gross margin increased 400 bps YoY to 44.7% primarily due to stronger retail pricing, operating leverage on ~16% YoY revenue growth, and favorable FX as COP depreciated 7.0% against USD
Slide 11: Strong Cash Flow & Balance Sheet
Strong Cash Flow & Balance Sheet • Strong cash conversion of Adj. EBITDA(1) driving $17.9 mm of cash flow Strong Cash Flow Generation from operations in Q2’25, despite seasonal tax payments during the ($ in Millions) quarter 170.5 167.3 141.9 • Ended the quarter with net cash position of $28.7 mm 13
Slide 12: Track Record of Strong Returns Above Peers
Track Record of Strong Returns Above Peers 3 Year Average ROE 3 Year Average ROIC 27% 39% 16% 10% TGLS U.S. Building Products Peers 1 TGLS U.S. Building Products Peers 1 Stronger profitability and significant improvement in working capital driving strong returns Notes: 1. U.S. Building Products Peer
Slide 13: Outlook Update
205 Race Street Philadelphia, Pennsylvania l OUTLOOK UPDATE www.tecnoglass.com
Slide 14: 2025 Outlook
2025 Outlook Full Year 2025 Outlook Assumptions • Non-material impact to construction industry from aluminum or reciprocal tariffs; Mostly offset via favorable pricing High End • Continued downtrend in interest rates driving mortgage rates lower • Favorable FX with the Peso at $4,200 or weaker; Hedg
Slide 15: Appendix
3Eleven 601 Hudson Yards New York City, New York l APPENDIX www.tecnoglass.com
Slide 16: Vertically-Integrated & Well-Situated Operations Create Structural Advantages
Vertically-Integrated & Well-Situated Operations Create Structural Advantages Suppliers JV & Long Term Sales, Raw Production Final Suppliers Supply Distribution Materials Process Product Relationships & Installation Tecnoglass integration across the architectural glass and window value chain provide
Slide 17: 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 18: 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 19: 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 Impact of our r
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation1 Adjusted EBITDA and adjusted net (loss) income attributable to parent reconciliation Three months ended Six months ended Figures in U.S. $k Jun 30, Jun 30, 2025 2024 2025 2024 Net (loss) income 44,083 35,028 86,272 64,758 Less: Income (loss) attributable to non-controlling i
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation1 Net Debt, Leverage and Total Investment Reconciliations Figures in U.S. $k As of Jun 30, 2024 2025 Short Term Debt and Current Portion of Long Term Debt 2,197 587 Long Term Debt 142,539 108,643 Gross Debt 142,255 109,229 Cash at the end of the period 126,805 137,907 Net Debt