Martinrea International Inc. · TSX:MRE
Martinrea International — Q3 2026 Earnings Presentation
25 slides from Martinrea International's earnings presentation, November 2026
Slide 1: Q3 2026 Results
Q3 2026 RESULTS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com
Slide 2: Rob Wildeboer, Executive Chairman
ROB WILDEBOER Executive Chairman ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”), including, but not limited to, statements relating to the Company’s beliefs or views or expectations regarding, or anticipated improvement
Slide 4: Agenda
Agenda Pat D’Eramo | Chief Executive Officer Fred Di Tosto| President Peter Cirulis| Chief Financial Officer Rob Wildeboer| Executive Chairman Q&A ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 5: Pat D'Eramo, Chief Executive Officer
PAT D’ERAMO Chief Executive Officer ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 6: Key Priorities
KEY PRIORITIES FOCUS ON QUALITY GROW CORE DEVELOP STRATEGIC GROW ENSURE INVESTMENTS OF EARNINGS AND AUTOMOTIVE PARTNERSHIPS/ NON-AUTOMOTIVE ARE SUCCESSFUL FREE CASH FLOW BUSINESS RELATIONSHIPS BUSINESS ENHANCE OPERATING PARTNER TO REDUCE FOCUS ON PROFITABLE, HIGH- INVEST IN NEW INCOME MARGIN AND EXC
Slide 7: Q3 2026 Highlights
Q3 2026 HIGHLIGHTS $144.9M ADJUSTED EBITDA $1,181.9M $66.7M (12.3% MARGIN) TOTAL SALES ADJUSTED OPERATING INCOME (5.6% MARGIN) $1,098.8M PRODUCTION SALES 1.56x NET DEBT TO ADJUSTED EBITDA (Excluding IFRS-16 Lease Liabilities) ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIA
Slide 8: Fred Di Tosto, President
FRED DI TOSTO President ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 9: Status of Operations
STATUS OF OPERATIONS* • We continue to perform: – Managing what is in our control through strong operating performance and commercial activity • Continued strong margins in North America, the main growth engine of our business • Positive operating income in Europe • Deep restructuring activity plann
Slide 10: New Business Awards
NEW BUSINESS AWARDS* LIGHTWEIGHT STRUCTURES PROPULSION SYSTEMS FLEXIBLE MANUFACTURING GROUP $95M In Annualized Sales $10M In Annualized Sales $55M In Annualized Sales 2028-2030 Start of Production 2027-2029 Start of Production 2026-2027 Start of Production TOTAL AWARDS OVER LAST FOUR QUARTERS x $565
Slide 11: Peter Cirulis, Chief Financial Officer
PETER CIRULIS Chief Financial Officer ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 12: Value Creation Arc
VALUE CREATION ARC* OPERATIONS CAPITAL DEPLOYMENT • Q3 2026 Adjusted Operating Income 10bps • Asset dispositions completed since June will higher year over year, despite higher tooling generate ~$107M of total consideration, with sales and temporary aluminum cost ~$60M expected to be collected in 20
Slide 13: Financial Scorecard
FINANCIAL SCORECARD Q3 2026 results improved year-over-year on most metrics, as operating improvements offset the impact of industry dynamics pertaining to trade and tariffs, EV volume shortfalls, and higher commodity costs In Canadian Dollars Q3 2026 Q3 2025 Production sales were down 5.2% year ove
Slide 14: Balance Sheet
BALANCE SHEET* NET DEBT - Excluding IFRS-16 ($ Millions) $1,000.0 Q3 2026 net debt (excluding IFRS-16 lease liabilities) decreased by approximately $31 $900.0 $908.7 million compared to Q2 2026, reflecting the $800.0 $857.7 $864.9 Free Cash Flow generation during the $813.5 $792.4 $818.7 $800.8 quar
Slide 15: 2026 Outlook
2026 OUTLOOK* 2026F 2025A FREE CASH FLOW $125-$175M $199.0M (before IFRS 16 lease payments) ($70-$120M after IFRS-16 lease payments) ($142.1 after IFRS-16 lease payments) CAPEX Approximately $300M $237.7M ADJUSTED OPERATING 5.5%-6.0% INCOME MARGIN 5.6% TOTAL SALES $4.5-$4.9B $4.822B *See Forward-Loo
Slide 16: Rob Wildeboer, Executive Chairman
ROB WILDEBOER Executive Chairman ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 17: Trade and Tariffs
TRADE AND TARIFFS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 17
Slide 18: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK Invest to Maintain and Maintain Strong Return Capital to Grow Our Business Balance Sheet Shareholders • Organic opportunities • Targeted Net Debt/Adjusted • Repurchase shares with • Invest in R&D and new products EBITDA ratio of ~1.5x or better excess liquidity (at the •
Slide 19: Thank You
THANK YOU Q&A ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com
Slide 20: Appendix
APPENDIX ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com
Slide 21: Q3 Sales
• Total sales down 0.7% year over year: Q3 SALES – Production sales down 5.2% $1,400 – Tooling sales up 162.6% • North American production sales were down 4.7%, reflecting: $1,200 – Lost sales from the Ford Escape program, which ended production in the $1,000 -0.7% YoY fourth quarter of 2025. Sales
Slide 22: Q3 Adjusted Operating Income Margin
Q3 ADJUSTED OPERATING INCOME MARGIN 6.0% • Adjusted Operating Income Margin increased 10bps year over year. Adjusted Operating Income Margin (%) • North American margin increased year over year, reflecting: 4.0% − Lower SG&A expense as a percentage of sales − Productivity and efficiency improvements
Slide 23: Q3 Adjusted Net Earnings Per Share
Q3 ADJUSTED NET EARNINGS PER SHARE $0.70 • Adjusted Net Earnings per Share of $0.52 was $0.60 unchanged year over year, due to the factors Adjusted Net Earnings Per Share ($) affecting sales and Adjusted Operating $0.50 Income Margin explained earlier, and: $0.40 – A higher normalized effective tax
Slide 24: Q3 Free Cash Flow
Q3 FREE CASH FLOW $60 • Free Cash Flow was up 31.5% year over year, reflecting: – A decrease in cash used in non- Free Cash Flow ($ Millions) cash working capital $40 – Higher Adjusted EBITDA $58.5 – Lower interest paid on long-term $44.5 debt $20 – Partially offset by higher capex $0 Q3 2025 Q3 202
Slide 25: Stay Connected
STAY CONNECTED ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 25
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