Slide 1: Q2 2026 Earnings Call
Q2 2026 Earnings Call August 12th, 2026 Linda Hasenfratz EXECUTIVE CHAIR Jim Jarrell CEO & PRESIDENT Dale Schneider CFO For Audio Only Dial In North America: (+1) 800 549-8228 International: (+1) 289 819-1520 Conference ID: 51830 © Linamar Corporation
Slide 2: Forward-looking Information, Risk, and Uncertainties
Forward-looking Information, Risk, and Uncertainties Certain information regarding Linamar set forth in this presentation and oral summary, including management’s assessment of the Company’s future plans and operations may constitute forward-looking statements. This information is based on current e
Slide 3: Agenda
Agenda Q2 2026 Highlights & Strategic Updates Linda Hasenfratz EXECUTIVE CHAIR Industry & Operations Update Jim Jarrell CHIEF EXECUTIVE OFFICER & PRESIDENT Financial Review & Outlook Dale Schneider CHIEF FINANCIAL OFFICER Q&A All © Linamar Corporation 3
Slide 4: Q2 2026 Highlights & Strategic Updates
Q2 2026 Highlights & Strategic Updates Linda Hasenfratz EXECUTIVE CHAIR © Linamar Corporation 4
Slide 5: Consistent, Long-term Performance
Consistent, Long-term Performance Consistent, Sustainable Flexibility to Growth Driving from Mitigate Risk Diversity Capital Asset Profile enables us to redeploy under-utilized equipment Diversified revenue streams, to changing market needs, broad product portfolio for a synergistic balanced busines
Slide 6: Highlights of Q2 Performance
Highlights of Q2 Performance Strong Strategy, Record Sales and Strong Earnings Growth Delivering Results Record Sales and Earnings in Mobility Segment With Nearly -- Great Growth for 30% Mobility Earnings Growth, CPV Growth in Every Region Today and Solid Mobility NBW Notably in Canada and US, Stron
Slide 7: Q2 2026: Record Results, Strong Double-Digit Sales Growth
Q2 2026: Record Results, Strong Double-Digit Sales Growth Net Earnings & EPS Sales Margin1 Free Cash Flow1 (Normalized) 1 (Normalized) $3.1B $183.0M $3.08 $236.5M 5.8% 18.8% 8.7% 9.6% $58.9M vs. Q2 ‘25 vs. Q2 ‘25 vs. Q2 ‘25 vs. Q2 ‘25 1- Net Earnings (NE) – Normalized, Net Earnings (Loss) Per Share
Slide 8: >90% of Linamar Revenues Tariff Free
Geopolitics / Opportunity Creation >90% of Linamar Revenues Tariff Free 232 Foreign Steel, Section 122, 301, Section 122 & 301 Aluminum & Foreign Built 338 Tariffs Tariffs Derivative Products Vehicles Auto Parts Canada/Mexico Outside NA Retaliatory Tariffs 50% Metals 25% 10-50% 25% Products 25% USMC
Slide 9: USMCA Amendment Decision
USMCA Amendment Decision On July 1, 2026, the United States declined to support an amendment to the USMCA agreement that would have both extended the agreement to 2042 (from 2036) and eliminated the need for annual reviews during that period. As a result, the agreement entered an annual review proce
Slide 10: Opportunities for Linamar
Opportunities for Linamar Onshoring to USMCA Acquisition compliant Opportunities suppliers NBW at Record Highs, Strong Supply Base Distress in US NA Quote Book and Europe Extreme ▪ NBW and quoting activity strong in all regions ▪ 3 distressed acquisitions completed to date ▪ Canada NBW very strong ▪
Slide 11: Culture – Defining Factor in Linamar's Success
Culture – Defining Factor in Linamar’s Success in Challenging Times ENTREPRENEURIAL RESPONSIVE INNOVATIVE EXECUTE © Linamar Corporation 11
Slide 12: Industry & Operations Updates
Industry & Operations Updates Jim Jarrell CEO & PRESIDENT © Linamar Corporation 12
Slide 13: © Linamar Corporation
obey pi : ; ae RESILIENCES INTEGRITY TEAMWORK REVENUE INCOME | TEAM @ LINAMAR
Slide 14: Executing Through Tariff Uncertainty
Executing Through Tariff Uncertainty ▪ Optimize Tariff classification and compliance/customs treatment ▪ Pursuing available duty relief and recovery programs ▪ Distribution and customs structure optimization ▪ Leveraging existing manufacturing footprint and plant efficiencies ▪ Supply chain optimiza
Slide 15: Outpacing a Growing Market
Capital Allocation Plans Outpacing a Growing Market Industry Access Volumes Skyjack Global 2026 YTD Unit Performance FY2026 FY2027 Expectation Expectation Skyjack Total Global Market North Unit YTD YTD 23.9% 2.3% VS America 52.9% 30.7% Europe 10.2% 1.8% Asia Pacific & ROW 1.7% 2.0% Global Total 13.9
Slide 16: Access Innovation Highlights
Access Innovation Highlights Taller Reach, Zero Emissions Award-Winning Safety The SJ6940 RTE launched in Q2, a new benchmark as LanyardGO Wins Best New Product Award at the tallest electric machine in Skyjack’s compact RT HIRE26 in Sydney, Australia - recognition of Skyjack's scissor class. Availab
Slide 17: Winning in Challenging Markets
Winning in Challenging Markets Industry Large Ag Volumes Linamar Agriculture Global Q2 Unit Performance FY2026 Expectations North America -15% Europe Flat Windrowers Tillage Air Seeders Rest of World Flat to -5% Market Share Up Market Share Up Market Share Up Globally in Q2 in US for Q2 in US for Q2
Slide 18: Agriculture Innovation Highlights
Agriculture Innovation Highlights Manufacturing Automation ▪ Linamar Agriculture team focusing on automating processes, with two mobile bending robots installed in February ▪ Header leg cell design completed in Q2 ▪ Cobots in development for new wheel assembly ▪ Automation is allowing for significan
Slide 19: Global Light Vehicle Production
Capital Allocation Plans Global Light Vehicle Production Industry LV Volumes Industry Outlook Commentary FY2026 FY2027 Expectation Expectation North America production is expected to decline in 2026 as affordability pressures, elevated inventory levels, and trade uncertainty weigh on North America -
Slide 20: Strong CPV Growth in Q2
Strong CPV Growth in Q2 Global CPV Regional Content Per Vehicle $105.00 +19.7% $97.72 Q2 ‘25 Q2 ‘26 %∆ $95.00 North America $292.01 $363.96 +24.6% $85.00 $81.62 Europe $96.98 $106.92 +10.2% $75.00 Asia Pacific $11.23 $12.65 +12.6% $65.00 Q2 2025 Q2 2026 Global CPV includes only the markets that Lina
Slide 21: Significant New Programs
Significant New Programs Cylinder Heads • Significant new programs for Cylinder Heads in Q2, with programs across casting, machining and assembly $794M in Q2 2026 New Propulsion Agnostic NBWs in Q2 Business Wins across Mobility and Industrial Knuckles • Sustained momentum in powertrain-agnostic stru
Slide 22: Industries We Serve Globally
Industries We Serve Globally Advanced Manufacturing and Product Development Technologies that Power Vehicles, Motion, Work and Lives for the future a= ana \ oT — q 6 \ 0: ne Me FS Te Ff Ca | | OS oK- OR. SS ay an MOBILITY ACCESS AGRICULTURE MEDTECH POWER ROBOTICS \ WATER DEFENCE |
Slide 23: Meaningful Progress in New Segments
Meaningful Progress in New Segments Defence Robotics ▪ Progressing very well in conversations with ▪ Signed LOI to be a Contract Manufacturer in key Primes on a global basis North America for Cobots ▪ Signed MOU with an International Prime in ▪ Signed three LOIs to be the Contract July Manufacturer
Slide 24: Built for Growth
Built for Growth The best is yet to come Top Line Growth Earnings & Margin Expansion Strong Launch Pipeline Attractive End Markets Automation + Capacity Investments Excellent Cash Flow + Flexibility Momentum today. Opportunity tomorrow. © Linamar Corporation
Slide 25: Financial Update & Outlook
Financial Update & Outlook Dale Schneider CFO © Linamar Corporation 25
Slide 26: Record Sales and Earnings in Mobility Segment
Record Sales and Earnings in Key Factors: Mobility Revenue Mobility Segment +20.5% vs Q2 ‘25 • Increased sales related to recent acquisitions; • Increased sales related to launching programs and higher volumes on programs the Company has significant business with; and Revenue Normalized Operating Ea
Slide 27: Industrial Market Challenging, Signs of Improvement
Key Factors: Industrial Industrial Market Challenging Revenue +13.8% vs Q2 ‘25 Signs of Improvement • • Revenue Normalized Operating Earnings 1 (in Millions CAD) (in Millions CAD) +10.4% -19.8% $1,458.9 Normalized OE 1 $1,321.5 $229.9 -23.8% vs Q2 ‘25 • +13.8% $184.4 • -23.8% $783.5 • $688.2 $103.3
Slide 28: Strong Liquidity and Balance Sheet
Strong Liquidity and Balance Sheet Net Debt to EBITDA1 Total Liquidity2 Current Positioning (in Millions CAD) Cash Position Net Debt to EBITDA1 was 0.5x at the end of Available cash on credit facilities Q2 Peer FY25 Avg. 3 2.7x $1.9B $2.0B Cash Position at the end of Q2 was $1,270 million $725.2 ▪ U
Slide 29: Returning Cash to Shareholders
Status of Share Repurchases • Current NCIB program has repurchased over 1 million shares as of July 31st • To date, Linamar has returned over $92 million to shareholders as a result • Total cash returned since November 2024 over $192 million and ~2.8 Returning million shares Dividend Increase Cash t
Slide 30: Segmented Outlook Q3 2026 Guidance
Segmented Outlook Q3 2026 Guidance Q3 2026 Latest Mobility Outlook Sales Growth (%) Double-Digit Growth 1 Normalized OE Growth (%) Double-Digit Growth 1 Normalized Operating Margin (%) Flat Normal Range 7.0-10.0% Within Normal Range Industrial Sales Growth (%) Growth 1 Normalized OE Growth (%) Doubl
Slide 31: Outlook FY 2026 Guidance
Outlook FY 2026 Guidance FY 2026 Outlook FY 2026 Outlook Factors and FY 2026 Latest Consolidated Outlook Provided on May 6, Assumptions: 2026 • Strong Mobility segment growth on launches and acquisitions tempered Sales Growth (%) Double-Digit Growth Double-Digit Growth by soft agriculture markets No
Slide 32: FY 2027 Outlook
FY 2027 Outlook Consolidated FY 2027 Outlook Sales Growth (%) Growth 1 Normalized EPS Growth (%) Growth 1 Normalized Net Margin (%) Expansion Normal Range 7.0-9.0% Capex Increase From Prior Year Capex % of Sales Below Normal Range Normal Range 6.0-8.0% Leverage Net Debt to EBITDA Very Strong Balance
Slide 33: © Linamar Corporation
© Linamar Corporation 33
Slide 34: Segmented Outlook Q3 2026 Guidance
Segmented Outlook Q3 2026 Guidance Q3 2026 Latest Mobility Outlook Sales Growth (%) Double-Digit Growth 1 Normalized OE Growth (%) Double-Digit Growth 1 Normalized Operating Margin (%) Flat Normal Range 7.0-10.0% Within Normal Range Industrial Sales Growth (%) Growth 1 Normalized OE Growth (%) Doubl
Slide 35: Outlook FY 2026 Guidance
Outlook FY 2026 Guidance FY 2026 Outlook FY 2026 Outlook Factors and FY 2026 Latest Consolidated Outlook Provided on May 6, Assumptions: 2026 • Strong Mobility segment growth on launches and acquisitions tempered Sales Growth (%) Double-Digit Growth Double-Digit Growth by soft agriculture markets No
Slide 36: FY 2027 Outlook
FY 2027 Outlook Consolidated FY 2027 Outlook Sales Growth (%) Growth 1 Normalized EPS Growth (%) Growth 1 Normalized Net Margin (%) Expansion Normal Range 7.0-9.0% Capex Increase From Prior Year Capex % of Sales Below Normal Range Normal Range 6.0-8.0% Leverage Net Debt to EBITDA Very Strong Balance
Slide 37: Highlights of Q2 Performance
Highlights of Q2 Performance Strong Strategy, Record Sales and Strong Earnings Growth Delivering Results Record Sales and Earnings in Mobility Segment With Nearly -- Great Growth for 30% Mobility Earnings Growth, CPV Growth in Every Region Today and Solid Mobility NBW Notably in Canada and US, Stron
Slide 38: Chris Merchant, Aiden Matekovic
Chris Merchant Chief Administrative Officer Linamar Corporation Chris.Merchant@linamar.com 519-836-7550 https://www.linamar.com/investors/ Aiden Matekovic Manager, Corporate Development & Investor Relations Linamar Corporation Aiden.Matekovic@linamar.com 519-836-7550 https://www.linamar.com/investor
Slide 39: Appendix
Appendix © Linamar Corporation
Slide 40: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company uses certain Non-GAAP and other financial measures to provide useful information to both management, investors, and other stakeholders in assessing the financial performance and financial condition of the Company. Certain expenses and income that must be recog
Slide 41: Industrial Sales, Earnings, and Margins
Industrial Sales, Earnings, and Margins (in Millions CAD) Q2 2026 Q2 2025 +/- +/- YTD 2026 YTD 2025 +/- +/- $ $ $ % $ $ $ % Sales 783.5 688.2 95.3 13.8% 1,458.9 1,321.5 137.4 10.4% Operating Earnings 92.7 53.8 38.9 72.3% 226.3 196.7 29.6 15.0% Foreign Exchange1 (14.0) 49.5 (63.5) (41.9) 33.2 (75.1)
Slide 42: Mobility Sales, Earnings, and Margins
Mobility Sales, Earnings, and Margins (in Millions CAD) Q2 2026 Q2 2025 +/- +/- YTD 2026 YTD 2025 +/- +/- $ $ $ % $ $ $ % Sales 2,355.3 1,954.5 400.8 20.5% 4,619.3 3,853.3 766.0 19.9% Operating Earnings 186.4 152.4 34.0 22.3% 372.2 275.8 96.4 35.0% Foreign Exchange1 7.6 (1.5) 9.1 5.4 0.5 4.9 (Gain)/
Slide 43: Net Earnings (Loss) – Normalized
Net Earnings (Loss) – Normalized1 (in Millions CAD) Q2 2026 Q2 2025 +/- +/- YTD 2026 YTD 2025 +/- +/- $ $ $ % $ $ $ % Net Earnings (Loss) 183.1 126.9 56.2 44.3% 404.5 304.6 99.9 32.8% Foreign Exchange2 (6.4) 48.0 (54.4) (36.5) 33.7 (70.2) (Gain)/Loss Foreign Exchange (Gain)/Loss on Debt - 0.1 (0.1)
Slide 44: Net Earnings (Loss) per Share – Diluted – Normalized
Net Earnings (Loss) per Share – Diluted – Normalized1 Q2 2026 Q2 2025 +/- +/- YTD 2026 YTD 2025 +/- +/- $ $ $ % $ $ $ % Net Earnings (Loss) 3.08 2.12 0.96 45.3% 6.79 5.06 1.73 34.2% per Share - Diluted Foreign Exchange2 (0.11) 0.80 (0.91) (0.61) 0.56 (1.17) (Gain)/Loss Foreign Exchange (Gain)/Loss o
Slide 45: Free Cash Flow & Capital Investment
Free Cash Flow1 & Capital Investment (in Millions CAD) Q2 2026 Q2 2025 YTD 2026 YTD 2025 (in millions of dollars) $ $ $ $ Cash generated from (used in) operating activities 341.4 305.3 623.0 469.6 Payments for purchases of property, plant and (110.8) (133.2) (174.4) (222.0) equipment (CapEx) Proceed
Slide 46: Linamar's Powerful Balanced & Diversified Business Model
Linamar’s Powerful Balanced & Diversified Business Model INDUSTRIAL SEGMENT focused on North America, Cash for Continued Brand generates cash and shares brand Investment Management management knowledge. Strong Profit Consistent Free Strong, Stable Sustainable MOBILITY SEGMENT Margins Cash Flow Balan
Slide 47: Chris Merchant, Aiden Matekovic
Chris Merchant Chief Administrative Officer Linamar Corporation Chris.Merchant@linamar.com 519-836-7550 https://www.linamar.com/investors/ Aiden Matekovic Manager, Corporate Development & Investor Relations Linamar Corporation Aiden.Matekovic@linamar.com 519-836-7550 https://www.linamar.com/investor