Slide 1: Wajax Corporation Financial Results Q2 2026
WAJAX CORPORATION FINANCIAL RESULTS Q2 2026 August 7, 2026 Internal
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This presentation contains certain forward-looking statements and forward-looking information, as defined in applicable securities laws (collectively, “forward-looking statements”). These forward-looking statements relate to future events or
Slide 3: Non-GAAP and Other Financial Measures
NON-GAAP AND OTHER FINANCIAL MEASURES This presentation contains certain non-GAAP and other financial measures that do not have a standardized meaning prescribed by generally accepted accounting principles ("GAAP"). Therefore, these financial measures may not be comparable to similar measures presen
Slide 4: Wajax At-A-Glance
WAJAX AT-A-GLANCE NATIONAL FOOTPRINT More than 167 years of operating history 104 branches coast-to-coast A broad range of industrial products and services Diverse market and sector experience REVENUE SOURCES Q2 2026 REVENUE SOURCES YTD 2026 ($ millions) ($ millions) Industrial Parts Industrial Part
Slide 5: Purpose and Values
PURPOSE AND VALUES Empowering People to Build a Better Tomorrow We commit to safety and well-being; We develop potential and expertise; We deliver an exceptional experience together; We build lasting relationships; and We strive to continuously improve. 5 Wajax Financial Results - Q2 2026 (August 7,
Slide 6: 2026 Strategic Priorities
2026 STRATEGIC PRIORITIES Continue to build a people-first company. Grow our existing business with a focus on parts, service and margin improvement. Unlock the potential of our enhanced direct relationship with Hitachi. Invest in operational efficiency, process optimization and technology enablemen
Slide 7: Strategic Planning Process
STRATEGIC PLANNING PROCESS • Completed a comprehensive listening and learning phase across the business. • A strategic planning process is underway. • Building on the progress achieved since 2025, the review is focused on identifying investments, capabilities and operational priorities that will sup
Slide 8: Highlights – Second Quarter
HIGHLIGHTS – SECOND QUARTER In the second quarter of 2026, Wajax achieved stronger margins, generated robust operating cash flow and further reduced leverage -5.7% 180 bps GROSS 0.7% 10% 40% REVENUE ADJUSTED ADJUSTED YTD TRIF3 PROFIT EBITDA $515.7 BASIC EPS1 million MARGIN1 MARGIN1 $0.84 1.43 20.9%
Slide 9: Revenue by Region
REVENUE BY REGION Second quarter growth in eastern Canada construction and forestry, and power systems sales were offset by sales declines in western and central Canada Q2 2026 ($ millions) YTD 2026 ($ millions) (13)% (11)% 4% 0.3% (11)% (12)% Note: Totals may not add due to rounding. 9 Wajax Financ
Slide 10: Heavy Equipment and Product Support Revenue
HEAVY EQUIPMENT AND PRODUCT SUPPORT REVENUE Equipment YoY Change (2.1)% (0.3)% (1.2)% (23.3)% (22.3)% • Increase from Q1 2026 was due primarily to higher construction and forestry sales in western and eastern Canada offset partially by lower mining sales in western Canada and lower construction and
Slide 11: Industrial Parts and ERS Revenue
INDUSTRIAL PARTS AND ERS REVENUE Industrial Parts YoY Change (4.1)% —% (2.3)% (4.9)% (1.9)% • Increase from Q1 2026 was due primarily to higher sales in central and eastern Canada offset partially by lower sales in western Canada. ERS YoY Change (1.1)% 3.5% 11.1% 6.3% 2.9% • Increase from Q1 2026 wa
Slide 12: Revenue by Category
REVENUE BY CATEGORY Revenue decrease driven primarily by lower mining equipment sales in western Canada and lower material handling equipment sales in western and eastern Canada FY* CATEGORY4 Q2 2026 Q2 2025 CHANGE YTD 2026 YTD 2025 CHANGE W C E HEAVY EQUIPMENT $ 290.8 $ 321.9 $ (31.2) $ 568.6 $ 650
Slide 13: Backlog and Inventory
Backlog 2 1 BACKLOG1 1. Backlog increased by $24.9 million (4.8%) from Q1 2026 to $546.6 million 2. Backlog increased by $22.4 million (4.3%) compared to Q2 2025 Inventory 2 1 INVENTORY 1. Total inventory of $590.2 million decreased $3.7 million compared to Q1 2026 2. Total inventory decreased $12.3
Slide 14: Cash Flow, Leverage and Balance Sheet
CASH FLOW, LEVERAGE1 AND BALANCE SHEET Cash Flow from Operating Activities Working Capital Efficiency1 Leverage1 2.35x 2.28x 1.62x 1.51x 1.38x Working capital efficiency has improved from Q1 2026 due to lower trailing four quarter average working capital Inventory turns have declined marginally from
Slide 15: Outlook
OUTLOOK • Looking ahead, Wajax continues to see solid customer demand in the mining and energy sectors. Mining demand continues to be supported by a backlog that includes two large mining shovels scheduled for delivery over the next two quarters, and sustained strength in quoting activity. • Market
Slide 16: Appendix
APPENDIX 1 16
Slide 17: Endnotes
ENDNOTES 1. This measure does not have a standardized meaning prescribed by GAAP. Please see Wajax’s Management’s Discussion and Analysis for the three and six months ended June 30, 2026 under the heading “Non-GAAP and Other Financial Measures”, which is available on SEDAR+ at www.sedarplus.ca, for
Slide 18: wajax.com
wajax.com 18 Wajax Financial Results - Q2 2026 (August 7, 2026)