Alta Equipment Group Inc. · NYSE:ALTG
Alta Equipment — Q3 2026 Earnings Presentation
37 slides from Alta Equipment's earnings presentation, Nov 9, 2026
Slide 1: Earnings Presentation Third Quarter 2026
EARNINGS PRESENTATION THIRD QUARTER 2026 November 9th, 2026
Slide 2: Legal Disclaimers
LEGAL DISCLAIMERS Forward-Looking Information This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alta’s actual results may differ from their expectations, estimates and projections and co
Slide 3: Agenda & Introduction
AGENDA & INTRODUCTION Agenda CEO Overview ▪ Q3 2026 Results INTRODUCTION ▪ Business Conditions Executive Officers: ▪ Equipment Volume Trends Ryan Greenawalt, CEO ▪ Strategy and Execution & Tony Colucci, CFO CFO Overview ▪ Q3 2026 Quarterly Financial Analysis ▪ Asset Efficiency ▪ Rental Fleet Summary
Slide 4: CEO Overview
CEO OVERVIEW Ryan Greenawalt Earnings Presentation | Third Quarter 2026 | November 9, 2026 4
Slide 5: Q3 2026 Results
CEO OVERVIEW Q3 2026 Revenue of $417.4 million, a decrease of $5.2 million compared to Q3 2025. Organic revenue declined $2.8 million, or 0.7%, from Q3 2025 Q3 2026 Material Handling Bookings Increased 67% Year Over Year as backlog continues to grow from customers addressing pent-up replacement need
Slide 6: Business Conditions
CEO OVERVIEW Industry Fundamentals Support Further Growth ▪ 1Industrial Spending remains high; $688 billion in 2026 (~$700B+ levels through 2030) ▪ 2Significant Federal infrastructure funding (IIJA $1.2 trillion + $550 billion in incremental spending) Business remains in place; ~$545 billion remaini
Slide 7: YTD and Q3 2026 Equipment Volume Trends
CEO OVERVIEW YTD and Q3 2026 Equipment Volume Trends Material Handling bookings momentum continued through Q3, sustaining gains from a strong 1H; Construction deliveries continue positively YTD, with slower acceleration in Q3 Material Handling: Marketplace Momentum, +27.0% YTD Construction Equipment
Slide 8: Historical Annual Industry Volumes (2019–2025; 2026F)
CEO OVERVIEW Historical Annual Industry Volumes (2019 – 2025; 2026F) CE Industry Volumes v. DOT Budgets $35.0 6,500 $30.0 6,000 $25.0 5,500 DOT Budget $B GPE Deliveries $20.0 5,000 $15.0 4,500 $10.0 4,000 $5.0 3,500 $- 3,000 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-
Slide 9: Strategy and Execution: Strategic Value-Creation
CEO OVERVIEW Strategic Value-Creation ▪ Proven acquisition and integration track record; closing 17 Currently in 85 Locations acquisitions adding $543 million in total revenue and $66 million in EBITDA at accretive multiples (since IPO in 2020) ▪ Increased locations from 43 to 85 throughout Michigan
Slide 10: Strategic Vision: 2028+
CEO OVERVIEW Strategic Vision: 2028+ 1 Sales Transformation >$200MM Adjusted Right Products / Right People / EBITDA Right Customers Market Volume 5-7% CAGR Product Normalization >$1.4B Equipment Sales Support Revenue With Share Gains in Key GEOs Peaklogix and Ecoverse >35% Financial Positive Adjuste
Slide 11: CFO Overview
CFO OVERVIEW Tony Colucci Earnings Presentation | Third Quarter 2026 | November 9, 2026 11
Slide 12: Q3 and YTD 2026 Summary: Optimization Efforts Delivering Results
CFO OVERVIEW Q3 and YTD 2026 Summary: Optimization Efforts Delivering Results A leaner asset base is driving cash generation, earnings efficiency, and growth. Cash Generation & Capital Discipline Improving Earnings Efficiency Operational Execution & Growth $52.8MM +7.7% 61.5% YTD cash flow after inv
Slide 13: Q3 2026 Quarterly Financial Analysis – Total Company
CFO OVERVIEW Q3 2026 Quarterly Financial Analysis Total Company Increase Total Company Three Months Ended September 30, (Decrease) • Total revenues decreased $5.2MM year over year, or 1.2%, from $422.6MM to 2026 2025 2026 versus 2025 417.4MM Revenues: • Product support revenue of $141.0MM for Q3 202
Slide 14: Q3 2026 Quarterly Financial Analysis – Material Handling Segment
CFO OVERVIEW Q3 2026 Quarterly Financial Analysis Material Handling Segment Increase Material Handling Three Months Ended September 30, (Decrease) • Total revenue declined $16.3MM, or (9.7)%, from $167.9MM to $151.6MM 2026 2025 2026 versus 2025 Revenues: • Product support revenues effectively flat o
Slide 15: Q3 2026 Quarterly Financial Analysis – Construction Equipment Segment
CFO OVERVIEW Q3 2026 Quarterly Financial Analysis Construction Equipment Segment Increase Construction Three Months Ended September 30, (Decrease) • Total revenue increased year over year $12.2MM, or 5.0%, from $241.6MM to 2026 2025 2026 versus 2025 $253.8MM Revenues: • New and Used equipment sales
Slide 16: Q3 2026 Quarterly Financial Analysis – Master Distribution Segment
CFO OVERVIEW Q3 2026 Quarterly Financial Analysis Master Distribution Segment Increase Master Distribution (Ecoverse) Three Months Ended September 30, (Decrease) • Total revenue decreased $2.2MM, or (14.7)%, from $15.0MM to $12.8MM 2026 2025 2026 versus 2025 Revenues: • New and used equipment sales
Slide 17: Improved Asset Efficiency
CFO OVERVIEW Improved Asset Efficiency TTM Adjusted EBITDA[1] / Avg. Total Assets Return on Assets calculated using Segment TTM Adjusted EBITDA divided by average total assets as of September 30 Material Handling Construction Equipment TTM Adj. EBITDA [1] / Avg. Total Assets TTM Adj. EBITDA [1] / Av
Slide 18: Rental Fleet Summary
CFO OVERVIEW Rental Fleet Summary September September ($MM) Gross Book Value 30, 2025 30, 2026 Inc./(Dec.) Material Handling $215.7 $186.6 $(29.1) Construction – Aerial (Rent-to-Rent) 36.2 35.1 (1.1) Fleet Mix:1 Total Rent-to-Rent Fleet 251.9 221.7 (30.2) Construction – Earthmoving/Specialty (Rent-t
Slide 19: Free Cash Flow Performance
CFO OVERVIEW Free Cash Flow Performance [1] Non-GAAP measures; see Appendices for reconciliation of Non-GAAP measures YTD YTD 2026 2023 2024 2025 2025 2026 Fcst Adjusted EBITDA [1] $191.4 $ 168.3 $ 164.4 $123.8 $121.6 ~$167.5 Plus: Non-Cash Operating Activities (Non-Addbacks) 2 7.3 8.0 4.0 4.6 (0.1)
Slide 20: Revised FY 2026 Guidance
CFO OVERVIEW Revised FY 2026 Guidance FY 2026 OUTLOOK ($ IN MM) ADJUSTED EBITDA: $165.0MM – $170.0MM FY 2026 (Net of New Equipment Floorplan Interest) GUIDANCE FREE CASH FLOW BEFORE RTS DECISIONING: $95.0MM – $105.0MM YE 2026 TOTAL NET DEBT / ADJUSTED EBITDA: <4.6x 2026 GUIDANCE ASSUMPTIONS/COMMENTA
Slide 21: Capital Structure / Credit Profile
CFO OVERVIEW Capital Structure / Credit Profile Balance Sheet Strength / Liquidity5 Capital Structure ($MM) EV/2026F 800,000 September 30, 2026 $ Amount ADJ. EBITDA 700,000 Cash $21.8 $631MM 600,000 Debt:1 500,000 $441MM Lines of Credit (ABL)2 $192.9 400,000 Floor Plan – Used and Rental 87.8 300,000
Slide 22: Debt Structure and Maturity Runoff
CFO OVERVIEW Debt Structure and Maturity Runoff Debt Maturity ABL SSSL $600MM Drawn Undrawn $500MM $500MM On June 5, 2024 the Company amended its ABL facility to increase borrowing $400MM capacity and extend the maturity from 12/31/2025 to March of 2029. Simultaneously with the amendment, the Compan
Slide 23: Capital Allocation Strategy
CFO OVERVIEW Capital Allocation Strategy STRATEGIC M&A STOCK REPURCHASE LEVERAGE REDUCTION ORGANIC GROWTH $30.0 million share repurchase Strategic opportunities with in- program in place, with ~$17 Manage leverage profile and network dealerships and in Dedicated to expansion, market million remainin
Slide 24: Thank You
THANK YOU (NYSE:ALTG) Investor Relations Contact: Kevin Inda SCR Partners M: (225) 772-0254 E: Kevin@scr-ir.com Earnings Presentation | Third Quarter 2026 | November 9, 2026 24
Slide 25: Supplemental Information: About the Company
SUPPLEMENTAL APPENDICES INFORMATION About the Company Earnings Presentation | Third Quarter 2026 | November 9, 2026 25
Slide 26: Alta Equipment Group Overview
THE COMPANY THE COMPANY Alta Equipment Group Overview Material Handling Construction Distribution BRANDING MARKET RELATIONSHIPS OEM/SUPPLIER SELECT OFFERING PRODUCT SELECT ▪ Food and Beverage ▪ Highway, Street, and Bridge ▪ Biofuel / Compost / Food Waste / SELECT END MARKET ▪ Manufacturing Construct
Slide 27: Material Handling Revenue by End-Market
THE COMPANY Alta Equipment Group – Material Handling Revenue by End-Market Finance, Insurance, and Aggregate and Mining Real Estate 0% 1% Agriculture, Forestry, and Manufacturing End-Market Detail Landscaping Retail Trade 0% 8% Other 9% Transportation Rubber And Miscellaneous Equipment Plastics Prod
Slide 28: Construction Equipment Revenue by End-Market
THE COMPANY Alta Equipment Group – Construction Equipment Revenue by End-Market Finance, Insurance, and Aggregate and Mining Real Estate 9% 2% Retail Trade Construction End-Market Detail 3% Agriculture, Forestry, and Manufacturing Landscaping 9% Building Construction 5% General Contractors And Opera
Slide 29: Product Support Overview
THE COMPANY THE COMPANY Product Support Overview Product We have capabilities to support a variety of Support makes and models of Construction and Solutions Material Handling equipment. SERVICE ▪ 85 full-service locations across 15 states and 3 provinces ▪ Approx. 1,122 of Alta’s ~2,573 employees ar
Slide 30: Product Support Yield Trends
THE COMPANY Product Support Yield Trends Parts and Service Sales follow Equipment Sales Parts and Service Sales ($MM) New/Used/Rental Eq. Sales 2021 2022 2023 2024 2025 Parts and Service Sales Parts $178.5 $234.8 $278.3 $294.4 $291.0 $1,200.0 Service 165.5 206.6 241.3 253.8 256.7 Total $344.0 $441.4
Slide 31: Alta Equipment Group vs Pure-Play Rental Businesses
THE COMPANY Alta Equipment Group Vs Pure-Play Rental Businesses EQUIPMENT DEALERSHIP BUSINESS MODEL New and used equipment sales ▪ Protected exclusive areas of primary responsibility (APRs) 54% ▪ Exclusive rights to OEM equipment and parts ▪ Proprietary diagnostic software to service field populatio
Slide 32: Alta Equipment Group Financial Profile
THE COMPANY Alta Equipment Group Financial Profile TTM September 30, ($MM) 2023 2024 2025 YTD Q3 2025 YTD Q3 2026 2026 Revenue $1,876.8 $1,876.6 $1,835.9 $1,326.8 $1,303.4 $1,812.5 Gross Profit 507.2 493.7 474.6 355.1 350.8 470.3 % margin 27.0% 26.3% 25.9% 26.8% 26.9% 25.9% Operating Expenses1 452.8
Slide 33: Appendices: Unaudited Reconciliation of Non-GAAP Financial Measures
APPENDICES Unaudited Reconciliation of Non-GAAP Financial Measures Earnings Presentation | Third Quarter 2026 | November 9, 2026 33
Slide 34: Adjusted EBITDA – GAAP Reconciliation
APPENDIX A Adjusted EBITDA – GAAP Reconciliation Nine Mos Nine Mos Ended Ended TTM ($MM) 2023 2024 2025 Q3 2025 Q3 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2026 Net income/(loss) available to common shareholders $5.9 $(65.1) $(83.3) $(42.3) $(12.2) $(70.8) $(40.7) $(53.2) Depreciation and amortization
Slide 35: Free Cash Flow Performance – GAAP Reconciliation
APPENDIX B Free Cash Flow Performance – GAAP Reconciliation Nine Mos Ended Nine Mos Ended ($MM) 2023 2024 2025 Sep 30, 2025 Sep 30, 2026 Levered Free Cash Flow after RTS Decisioning and Returns to Shareholders[1] 1 $16.6 $29.8 $16.2 $6.6 $13.9 Reconciliation to Consolidated Statements of Cash Flows:
Slide 36: Economic EBIT – GAAP Reconciliation
APPENDIX C Economic EBIT – GAAP Reconciliation Nine Mos Ended Nine Mos Ended ($MM) 2023 2024 2025 Sep 30, 2025 Sep 30, 2026 Net income/(loss) available to common shareholders $5.9 $(65.1) $(83.3) $(70.8) $(40.7) Depreciation and amortization 132.6 144.5 133.6 101.9 99.0 Interest expense 57.0 81.3 88
Slide 37: Unlevered FCF Before/After Growth Investments Reconciliation
APPENDIX D Unlevered FCF Before/After Growth Investments Reconciliation Nine Mos Ended Nine Mos Ended ($MM) 2023 2024 2025 Sep 30, 2025 Sep 30, 2026 Economic EBIT [1] $122.3 $77.7 $81.9 $71.3 $48.6 Cash Paid for Income Taxes (5.7) (3.7) (4.3) (4.5) (2.4) Unlevered FCF Before Growth Related Investmen