Slide 1: Second Quarter 2026 Earnings Presentation
Second Quarter 2026 Earnings Presentation July 29, 2026 ARCADIA COMMERCIAL FRAMING SYSTEMS USED IN THE WEST LAS VEGAS LIBRARY, LAS VEGAS, NV Photograph courtesy of Henri Sagalow Photography © 2026 DMC. All rights reserved.
Slide 2: Use of Non-GAAP Financial Measures & Safe Harbor Language
USE OF NON-GAAP FINANCIAL MEASURES & SAFE HARBOR LANGUAGE *Use of Non-GAAP Financial Measures Adjusted net income (loss), adjusted diluted EPS, adjusted EBITDA, net debt, and free-cash flow are non-GAAP financial measures used by management to measure operating performance. For reconciliations of th
Slide 3: Agenda
AGENDA Opening Remarks & Business-Level Update • James O’Leary – CEO Financial Results, Guidance & Capital Structure • Eric Walter – CFO Questions and Answers DynaEnergetics' DS Gravity™ V-EGS perforating systems staged for deployment at the world's largest Enhanced Geothermal Systems project 3
Slide 4: Second Quarter Summary
SECOND QUARTER SUMMARY • Consolidated sales were $157.0 million, up 1% vs Q2 ‘25 and up 16% sequentially • Sequential change reflects an increase in short-cycle commercial exterior and high-end residential volume at Arcadia Products, higher sales volumes in North America and internationally at DynaE
Slide 5: DMC Q2 2026 Financial Highlights
DMC Q2 2026 FINANCIAL HIGHLIGHTS Sales Adjusted EBITDA / % of Sales $20 $180 $16 / 10.4% $155 $157 $14 / 9.1% $150 $136 $15 2.7 26.6 22.2 3.7 $120 19.3 $10 66.9 67.4 $90 59.5 $5 / 4.0% 13.5 $60 $5 1.6 10.7 $30 62.0 56.7 67.4 3.9 $0 $0 Q2 '25 Q1 ' 26 Q2 '26 Q2 '25 Q1 ' 26 Q2 '26 $ In Millions $ In Mi
Slide 6: Second Quarter 2026 Business-Level Financial Performance
SECOND QUARTER 2026 BUSINESS-LEVEL FINANCIAL PERFORMANCE Arcadia DynaEnergetics NobelClad Sales Sales Sales $80 $67 $80 $67 $67 $30 $27 $62 $57 $60 $60 $60 $19 $22 $20 $40 $40 $20 $20 $10 $0 $0 $0 Q2 '25 Q1 ' 26 Q2 '26 Q2 '25 Q1 ' 26 Q2 '26 Q2 '25 Q1 ' 26 Q2 '26 $ In Millions $ In Millions $ In Mill
Slide 7: Deleveraging Progress
DELEVERAGING PROGRESS (2)(3) Total Debt Net Debt (1) $160 $140 $120 $100 $80 $60 $40 $20 $0 '22 '25 '23 '24 '25 '22 '23 '24 '22 '26 '23 '24 ' 26 '25 ' 25 '23 '24 '22 Q4 Q1 Q2 Q3 Q4 Q2 Q2 Q3 Q4 Q1 Q1 Q2 Q2 Q3 Q4 Q3 Q1 Q1 (1) Amounts in millions (2) Net of deferred financing costs (3) Total debt does
Slide 8: Guidance For Third Quarter 2026
GUIDANCE FOR THIRD QUARTER 2026 Measure Expected Range DMC Consolidated Sales $158M - $168M Adjusted EBITDA attributable to DMC $10M - $13M Note: DMC’s third quarter guidance does not contemplate increased disruptions in international supply chains, which could delay shipments by DynaEnergetics into
Slide 9: Net Debt And Free-Cash Flow
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – NET DEBT AND FREE-CASH FLOW ($000’s) Q2 2026 Long-term debt $55,314 Current portion of long-term debt 3,750 Less: Cash and cash equivalents (28,551) Total net debt $30,513 Net cash used in operating activities $(7,960) Less: Acquisition of propert
Slide 10: Consolidated Adjusted EBITDA
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – CONSOLIDATED ADJUSTED EBITDA ($000’s) Q2 2026 Q1 2026 Q2 2025 Net income (loss) 2,017 (6,810) 321 Interest expense, net 1,280 1,461 1,811 Income tax provision 1,936 1,221 1,419 Depreciation 3,588 3,715 3,707 Amortization of purchased intangible as
Slide 11: Arcadia Adjusted EBITDA
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – ARCADIA ADJUSTED EBITDA ($000’s) Q2 2026 Q1 2026 Q2 2025 Operating income (loss), as reported 3,645 (2,002) 516 Adjustments: Depreciation 1,023 1,029 1,016 Amortization of purchased intangible assets 4,357 4,356 4,763 Stock-based compensation 78 2
Slide 12: DynaEnergetics Adjusted EBITDA
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – DYNAENERGETICS ADJUSTED EBITDA ($000’s) Q2 2026 Q1 2026 Q2 2025 Operating income, as reported 3,927 912 6,411 Adjustments: Depreciation 1,644 1,763 1,822 Restructuring expenses and asset impairments 67 71 746 Adjusted EBITDA 5,638 2,746 8,979 2026
Slide 13: NobelClad Adjusted EBITDA
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS – NOBELCLAD ADJUSTED EBITDA ($000’s) Q2 2026 Q1 2026 Q2 2025 Operating income, as reported 2,183 1,052 3,407 Adjustments: Depreciation 849 841 781 Restructuring expenses and asset impairments - - 211 Adjusted EBITDA 3,032 1,893 4,399 2026 Second Qua
Slide 14: Reconciliations Of Non-GAAP Financial Measurements - Diluted EPS From Continuing Operations
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASUREMENTS - DILUTED EPS FROM CONTINUING OPERATIONS ($MM except per share amounts) Amount Per Share (1) Amount Per Share (2) Amount Per Share (3) Q2 2026 Q1 2026 Q2 2025 Net income (loss) attributable to $0.5 $0.03 $(6.1) $(0.30) $0.1 - DMC Global Inc. Restruc