Slide 1: Earnings Release Presentation Q2 2025
Earnings Release Presentation Q2 2025
Slide 2: Forward Looking Information
Forward Looking Information Q2 2025 This presentation contains forward-looking information within the meaning Additional information on the risks and uncertainties on the Company’s of applicable securities laws. Words such as "may", "will", "should", business can be found in the Company’s current An
Slide 3: Highlights – Q2 2025
Highlights – Q2 2025 Maintaining disciplined capital allocation approach with “all of the above” strategy • Q2-25 Continuing Operations Revenue of $321.0M, a 33% increase vs. Q2-24 Organic Normal Course Net-debt- Investment • Q2-25 Continuing Operations Adjusted EBITDA of $42.5M, to Adjusted EBITDA
Slide 4: Connection Technologies – Q2 2025
Connection Technologies – Q2 2025 • Revenue of $176.5M, a 99% increase vs. Q2-24 • AmerCable revenue front-loaded in 2025, based on timing of sales into specific projects. • Shawflex Q2 revenue constrained by final facility relocation activities. Move now complete, with early Q3 productive output ba
Slide 5: Composite Technologies – Q2 2025
Composite Technologies – Q2 2025 • Q2-25 revenue of $144.4M, a 5% decrease vs. Q2-24 • Xerxes sets new record revenue, as strong demand for fuel storage and water management products continues • Flexpipe US revenue strength continues, with market share gains offsetting well completion decline of 8%.
Slide 6: Flexpipe Technology Development Significantly Expands Addressable Market
Flexpipe Technology Development Significantly Expands Addressable Market 8” Technology offers similar market Proven track record of rapid adoption Untapped composite technology expansion opportunity to 5-6” of new, larger diameter technology adoption opportunity North America Flexpipe North America
Slide 7: Financial Results – Q2 2025
CURRENT QUARTER VS PRIOR-YEAR QUARTER HIGHLIGHTS Financial Results – Q2 2025 Connection Technologies $ In millions Q2 2025 Q2 2024 Change Continuing Operations Revenue 176.5 88.8 +98.9% Revenue Adj. EBITDA Adj. EBITDA 22.1 17.2 +28.0% $321.0M $42.5M Adj. EBITDA Margin (%) 12.5 19.4 -690bps Connectio
Slide 8: Cashflow and Debt – Q2 2025
Cashflow and Debt – Q2 2025 Consolidated Cash & Debt Net Debt to Adj EBITDA 7.10 5.11 3.82 3.69 3.63 3.50 3.28 2.26 2.22 1.90 1.98 1.96 1.42 1.01 0.46 0.53 0.50 0.59 0.04 0.23 (0.26) (0.23) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2020 2021 2022 2023 2024 2025 • Net Debt to
Slide 9: CAPEX – Q2 2025
CAPEX – Q2 2025 Capital spend (including outstanding payments to suppliers) of $14.5 million in Q2, of which CAPEX ($CAD MM) $10.9 million was directed to growth capital – $160 mostly new product readiness and MEO projects. $148 $140 Note: Total cash outlay for capital expenditures $120 $113 during
Slide 10: 2025 Outlook – Q2 2025
Substantial market uncertainty exists regarding the potential duration & 2025 Outlook – Q2 2025 scope of tariffs and any related changes in economic conditions The outlook below incorporates Mattr’s best estimate of these impacts as of August 13, 2025 and is subject to change Macro & Strategic • Mat
Slide 11: Fundamental Transformation Complete - Positioned to Execute in 2025 & Beyond
Fundamental Transformation Complete - Positioned to Execute in 2025 & Beyond Strong liquidity position & Global material technology Supportive long-term critical optimally deploying capital company with significant market infrastructure and industrial positions across both operating fundamentals $52
Slide 12: Thank you.
@ = Thank you. Infrastructure Technologies