Carriage Services, Inc. · NYSE:CSV
Carriage Services — Q2 2025 Earnings Presentation
11 slides from Carriage Services's earnings presentation, Aug 7, 2025
Slide 1: Investor Presentation Update
AUGUST 2025 Investor Presentation Update A L L R I G H T S R E S E R V E D
Slide 2: Notice to Investors
Notice to Investors Certain statements made herein or else whereby, or on behalf of, the Company that are not historical facts are intended to be forward‐looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
Slide 3: Our Long-Term Strategic Framework
Our Long-Term Strategic Framework 1 3 2 Disciplined Capital Allocation Purposeful Growth Relentless Improvement • 10 - 20% targeted CAGR • 3.5x - 4.0x long-term • Evolution of legacy in preneed sales, leverage target range systems with Trinity enabling a stronger pre- • Targeted 15 - 20% ROIC • Newl
Slide 4: CSV Q2 2025 Execution Highlights
CSV Q2 2025 Execution Highlights Funeral Cemetery Other ▪ Casket Core Line implementation underway, ▪ $1.0 million deployed for ▪ Supply chain initiatives with signed Master Service cemetery growth underway for fleet and other Agreements location-level spend ▪ Enhanced lead strategy ▪ 50% in Preneed
Slide 5: Q2 2025 At A Glance
Q2 2025 At A Glance Q2 2025 Company Overview Q2 Financial Highlights YTD Q2 YTD Q2 $ in mm, unless per share amounts 2025 2024 • Ticker: CSV (NYSE) Total Revenue $209.2 $205.8 • Market cap: ~$705 mm(1) NYSE listed Total Field EBITDA $93.0 $93.5 • One of two publicly traded funeral and cemetery servi
Slide 6: Cash Flow YTD Q2 2025 Overview
Cash Flow YTD Q2 2025 Overview $ in 000s 4 , 1 1 , 22 Cash flow returned to shareholders ,00 24, 4 24,100 3,4 1,1 1,3 , E 2024 Ca sh perating Cash Flow orking Capital roceeds from Ca pital E peditures e t ovement in ividends ther (1) Ending Cash e cluding orking divestitures utstanding ebt Investing
Slide 7: Long-Term Growth Profile
Long-Term Growth Profile Total Revenue & Adjusted Consolidated EBITDA Margin Adjusted Diluted EPS $ in millions $42 0 $404 $415 $3.25 $41 5 $41 0 $383 $40 5 $376 $40 0 $370 $39 5 39% $3.02 $39 0 $38 5 $38 0 $37 5 $37 0 $36 5 $36 0 $329 $35 5 $35 0 $2.65 $34 5 $2.61 $34 0 $33 5 $33 0 $32 5 $32 0 $31
Slide 8: Appendix
Appendix A L L R I G H T S R E S E R V E D D E P A R T M E N T 8
Slide 9: Appendix: Revised 2025 Outlook
Appendix: Revised 2025 Outlook Revised Full Year 2025 Outlook $ in mm, unless per share amounts Revised 2025 Outlook(1) Total Revenue $410 - $420 Adjusted Consolidated EBITDA(2) $129 - $134 Adjusted Diluted EPS(2) $3.15 - $3.35 Adjusted Free Cash Flow(2)(3) $40 - $50 (1) Includes the expected impact
Slide 10: Appendix: Reconciliation of Non-GAAP Measures
Appendix: Reconciliation of Non-GAAP measures(1) Operating Income to Adjusted Consolidated EBITDA Cash Provided by Operating Activities to Adjusted and Adjusted Consolidated EBITDA Margin Free Cash Flow $ in thousands YTD Q2 2025 YTD Q2 2024 $ in thousands YTD Q2 2025 YTD Q2 2024 Operating income $
Slide 11: Appendix: Reconciliation of Non-GAAP Measures
Appendix: Reconciliation of Non-GAAP measures(1) Operating Income to Adjusted Consolidated EBITDA and Adjusted Consolidated EBITDA Margin(2) $ in thousands 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Operating income $ 48,648 $ 50,204 $ 48,941 $ 43,307 $ 47,443 $ 57,227 $ 93,660 $ 79,726 $ 80,