Alta Equipment Group Inc. · NYSE:ALTG
Alta Equipment — Q1 2026 Earnings Presentation
37 slides from Alta Equipment's earnings presentation, May 7, 2026
Slide 1: Earnings Presentation First Quarter 2026
EARNINGS PRESENTATION FIRST QUARTER 2026 May 7, 2026
Slide 2: Legal Disclaimers
LEGAL DISCLAIMERS Forward-Looking Information This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alta’s actual results may differ from their expectations, estimates and projections and co
Slide 3: Agenda & Introduction
AGENDA & INTRODUCTION Agenda CEO Overview Q1 2026 Results INTRODUCTION Business Conditions Executive Officers: Q1 Monthly EBITDA Ramp Ryan Greenawalt, CEO Equipment Volume Trends & Tony Colucci, CFO Strategy and Execution CFO Overview Q1 2026 Quarterly Financial Analysis Rental Fleet S
Slide 4: CEO Overview
CEO OVERVIEW Ryan Greenawalt Earnings Presentation | First Quarter 2026 | May 7, 2026 4
Slide 5: Q1 2026 Results
CEO OVERVIEW Q1 2026 Revenue of $410.5 million, down $12.5 million from Q1 2025, or $8.6 million organically, primarily driven by lower new and used equipment sales Construction and Material Handling Segment Revenue Q1 2026 of $244.3 million and $150.5 million, representing decreases of $1.5 million
Slide 6: Business Conditions
CEO OVERVIEW Solid Industry Fundamentals Business 1Industrial Spending forecast remains high; $586 billion in 2026 2Infrastructure starts forecast to grow from $397 billion in 2026 to $368 billion in 2030 3Federal infrastructure spending (IIJA $1.2 trillion + $550 billion in incremental spendi
Slide 7: Q1 2026 Monthly EBITDA Ramp
CEO OVERVIEW Q1 2026 Monthly EBITDA Ramp January starting point lower than expected; Momentum and demand built throughout the quarter despite harsher winter conditions year over year Monthly Adjusted EBITDA ($MM) Inclement weather constraining Service, Parts, and Rental activities within quarter Seq
Slide 8: Q1 2026 Equipment Volume Trends
CEO OVERVIEW Q1 2026 Equipment Volume Trends Material handling market volumes showing upward inflection; Construction market is sequentially improving despite a weak start Material Handling: Building Market Momentum, +20.7% Construction Equipment: Markets Down to Begin the Year, -6.1% Sequential Lif
Slide 9: Historical Annual Industry Volumes (2019 – 2025)
CEO OVERVIEW Historical Annual Industry Volumes (2019 – 2025) CE Industry Volumes v. DOT Budgets $35.0 6,500 $30.0 6,000 $25.0 5,500 $20.0 5,000 $15.0 4,500 $10.0 4,000 $5.0 3,500 $- 3,000 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 FL, MI, IL DOT Budgets ($B) FL, MI, IL GP
Slide 10: Strategy and Execution
CEO OVERVIEW Strategic Value-Creation Proven acquisition and integration track record; closing 17 Currently in 85 Locations acquisitions adding $543 million in total revenue and $66 million in EBITDA at accretive multiples (since IPO in 2020) Increased locations from 43 to 85 throughout Michigan
Slide 11: Strategic Vision: 2028+
CEO OVERVIEW Strategic Vision: 2028+ 1 Sales Transformation >$200MM Adjusted Right Products / Right People / EBITDA Right Customers Market Volume 5-7% CAGR Product Normalization >$1.4B Equipment Sales Support Revenue With Share Gains in Key GEOs Peaklogix and Ecoverse >35% Financial Positive Adjuste
Slide 12: CFO Overview
CFO OVERVIEW Tony Colucci Earnings Presentation | First Quarter 2026 | May 7, 2026 12
Slide 13: Q1 2026 Quarterly Financial Analysis
CFO OVERVIEW Q1 2026 Quarterly Financial Analysis Total Company Increase Three Months Ended March 31, (Decrease) Total Company 2026 2025 2026 versus 2025 • Total revenue decreased $12.5MM, or 3.0%, from $423.0MM to $410.5MM Revenues: • Product support revenue of $134.8MM for Q1 2026 versus $138.1MM
Slide 14: Q1 2026 Quarterly Financial Analysis: Material Handling
CFO OVERVIEW Q1 2026 Quarterly Financial Analysis Material Handling Segment Increase Three Months Ended March 31, Material Handling (Decrease) 2026 2025 2026 versus 2025 • Total revenue declined $7.4MM, or (4.7)%, from $157.9MM to $150.5MM Revenues: • Product support revenue of $57.3MM for Q1 2026 v
Slide 15: Q1 2026 Quarterly Financial Analysis: Construction Equipment
CFO OVERVIEW Q1 2026 Quarterly Financial Analysis Construction Equipment Segment Increase Three Months Ended March 31, (Decrease) Construction 2026 2025 2026 versus 2025 • Total revenue decrease $1.5MM, or (0.6)%, from $245.8MM to $244.3MM Revenues: • Product support revenue of $74.8MM for Q1 2026 v
Slide 16: Q1 2026 Quarterly Financial Analysis: Master Distribution
CFO OVERVIEW Q1 2026 Quarterly Financial Analysis Master Distribution Segment Increase Three Months Ended March 31, (Decrease) 2026 2025 2026 versus 2025 Master Distribution (Ecoverse) Revenues: • Total revenue decreased $0.3MM, or (1.7)%, from $17.4MM to $17.1MM New and used equipment sales $ 14.1
Slide 17: Rental Fleet Summary
CFO OVERVIEW Rental Fleet Summary March 31, March 31, ($MM) Gross Book Value 2025 2026 Inc./(Dec.) Material Handling $212.0 $204.0 $(8.0) Construction – Aerial (Rent-to-Rent) 64.1 33.1 (31.0) Fleet Mix:1 Total Rent-to-Rent Fleet 276.1 237.1 (39.1) Construction – Earthmoving/Specialty (Rent-to-Sell)
Slide 18: Free Cash Flow Performance
CFO OVERVIEW Free Cash Flow Performance [1] Non-GAAP measures; see Appendices for reconciliation of Non-GAAP measures 2026 2023 2024 2025 Q1 2025 Q1 2026 Fcst Adjusted EBITDA [1] $191.4 $ 168.3 $ 164.4 $ 33.6 $ 28.1 ~$175.0 Plus: Non-Cash Operating Activities (Non-Addbacks) 2 7.3 8.0 4.0 2.7 (0.6) (
Slide 19: Capital Structure / Credit Profile
CFO OVERVIEW Capital Structure / Credit Profile Balance Sheet Strength / Liquidity5 Capital Structure ($MM) EV/2026F March 31, 2026 $ Amount ADJ. EBITDA 800,000 Cash $23.9 $673MM 700,000 Debt:1 600,000 500,000 $448MM Lines of Credit (ABL)2 $207.0 400,000 Floor Plan – Used and Rental 86.8 300,000 2.2
Slide 20: Debt Structure and Maturity Runoff
CFO OVERVIEW Debt Structure and Maturity Runoff Debt Maturity ABL SSSL $600MM Drawn Undrawn $500MM $500MM On June 5, 2024 the Company amended its ABL facility to increase borrowing $400MM capacity and extend the maturity from 12/31/2025 to March of 2029. Simultaneously with the amendment, the Compan
Slide 21: Capital Allocation Strategy
CFO OVERVIEW Capital Allocation Strategy STRATEGIC M&A STOCK REPURCHASE LEVERAGE REDUCTION ORGANIC GROWTH $30.0 million share repurchase Strategic opportunities with in- program in place, with ~$17 Manage leverage profile and network dealerships and in Dedicated to expansion, market million remainin
Slide 22: Revised FY 2026 Guidance
CFO OVERVIEW Revised FY 2026 Guidance FY 2026 OUTLOOK ($ IN MM) ADJUSTED EBITDA: $167.5MM – $182.5MM FY 2026 (Net of New Equipment Floorplan Interest) GUIDANCE FREE CASH FLOW BEFORE RTS DECISIONING: $100.0MM – $110.0MM TOTAL NET DEBT / ADJ. EBITDA: <4.5x 2026 GUIDANCE ASSUMPTIONS/COMMENTARY: First
Slide 23: Q1 2026 EBITDA Guidance Drilldown: Dealership vs. Rental
CFO OVERVIEW Q1 2026 EBITDA Guidance Drilldown: Dealership vs. Rental Q1 Implied EBITDA Guidance Deconstructed Q1 Implied Guidance Q1 Actual $32.1MM $28.1MM Variance in Q1 Implied Guidance ($4.0MM) ($1.4MM) ($2.6MM) Dealership Rental Higher Recovery Visibility Planned Transition / Higher Variability
Slide 24: Thank You
THANK YOU (NYSE:ALTG) Investor Relations Contact: Kevin Inda SCR Partners M: (225) 772-0254 E: Kevin@scr-ir.com Earnings Presentation | First Quarter 2026 | May 7, 2026 24
Slide 25: Supplemental Information: About the Company
SUPPLEMENTAL APPENDICES INFORMATION About the Company Earnings Presentation | First Quarter 2026 | May 7, 2026 25
Slide 26: Alta Equipment Group Overview
THE COMPANY THE COMPANY Alta Equipment Group Overview Material Handling Construction Distribution BRANDING MARKET RELATIONSHIPS OEM/SUPPLIER SELECT OFFERING PRODUCT SELECT Food and Beverage Highway, Street, and Bridge Biofuel / Compost / Food Waste / SELECT END MARKET Manufacturing Construct
Slide 27: Material Handling Revenue by End-Market
THE COMPANY Alta Equipment Group – Material Handling Revenue by End-Market Finance, Insurance, and Aggregate and Mining Real Estate 0% 1% Agriculture, Forestry, and Manufacturing End-Market Detail Landscaping Retail Trade 0% 8% Other 11% Transportation Equipment Public Administration 15% 9% Rubber A
Slide 28: Construction Equipment Revenue by End-Market
THE COMPANY Alta Equipment Group – Construction Equipment Revenue by End-Market Aggregate and Mining Finance, Insurance, and 9% Real Estate 2% Retail Trade Construction End-Market Detail 2% Manufacturing Agriculture, Forestry, and 8% Landscaping 7% Building Construction General Contractors And Opera
Slide 29: Product Support Overview
THE COMPANY THE COMPANY Product Support Overview Product We have capabilities to support a variety of Support makes and models of Construction and Solutions Material Handling equipment. SERVICE 85 full-service locations across 15 states and 3 provinces Approx. 1,200 of Alta’s ~2,700 employees ar
Slide 30: Parts and Service Sales follow Equipment Sales
THE COMPANY Product Support Yield Trends Parts and Service Sales follow Equipment Sales Parts and Service Sales ($MM) New/Used/Rental Eq. Sales 2021 2022 2023 2024 2025 Parts and Service Sales Parts $178.5 $234.8 $278.3 $294.4 $291.0 $1,200.0 Service 165.5 206.6 241.3 253.8 256.7 Total $344.0 $441.4
Slide 31: Alta Equipment Group Vs Pure-Play Rental Businesses
THE COMPANY Alta Equipment Group Vs Pure-Play Rental Businesses EQUIPMENT DEALERSHIP BUSINESS MODEL New and used equipment sales Protected exclusive areas of primary responsibility (APRs) 54% Exclusive rights to OEM equipment and parts Proprietary diagnostic software to service field populatio
Slide 32: Alta Equipment Group Financial Profile
THE COMPANY Alta Equipment Group Financial Profile TTM ($MM) 2023 2024 2025 Q1 2025 Q1 2026 March 31, 2026 Revenue $1,876.8 $1,876.6 $1,835.9 $423.0 $410.5 $1,823.4 Gross Profit $507.2 $493.7 474.6 $115.0 $109.3 $468.9 % margin 27.0% 26.3% 25.9% 27.2% 26.6% 25.7% Operating Expenses1 $452.8 $475.1 45
Slide 33: Appendices: Unaudited Reconciliation of Non-GAAP Financial Measures
APPENDICES Unaudited Reconciliation of Non-GAAP Financial Measures Earnings Presentation | First Quarter 2026 | May 7, 2026 33
Slide 34: Adjusted EBITDA – GAAP Reconciliation
APPENDIX A Adjusted EBITDA – GAAP Reconciliation Three Mos Three Mos Ended Mar Ended Mar TTM Mar 31, ($MM) 2023 2024 2025 31, 2025 31, 2026 2026 Net income/(loss) available to common shareholders $5.9 $(65.1) $(83.3) $(21.7) $(20.3) $(81.9) Depreciation and amortization 132.6 144.5 133.6 32.4 30.3 1
Slide 35: Free Cash Flow Performance – GAAP Reconciliation
APPENDIX B Free Cash Flow Performance – GAAP Reconciliation Three Mos Ended Three Mos Ended ($MM) 2023 2024 2025 Mar 31, 2025 Mar 31, 2026 Levered Free Cash Flow after RTS Decisioning and Returns to Shareholders[1] 1 $16.6 $29.8 $16.2 $3.7 $5.7 Reconciliation to Consolidated Statements of Cash Flows
Slide 36: Economic EBIT – GAAP Reconciliation
APPENDIX C Economic EBIT – GAAP Reconciliation Three Mos Three Mos Ended Mar Ended Mar ($MM) 2023 2024 2025 31, 2025 31, 2026 Net income/(loss) available to common shareholders $5.9 $(65.1) $(83.3) $(21.7) $(20.3) Depreciation and amortization 132.6 144.5 133.6 32.4 30.3 Interest expense 57.0 81.3 8
Slide 37: Unlevered FCF Before/After Growth Investments Reconciliation
APPENDIX D Unlevered FCF Before/After Growth Investments Reconciliation Three Mos Ended Three Mos Ended ($MM) 2023 2024 2025 Mar 31, 2025 Mar 31, 2026 Economic EBIT [1] $122.3 $77.7 $81.9 $17.3 $5.3 Cash Paid for Income Taxes (5.7) (3.7) (4.6) - - Unlevered FCF Before Growth Related Investments [1]