Slide 1: Q1'26 Earnings
Q1’26 Earnings May 6, 2026 Solutions..
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements Advantage believes these non-GAAP measures provide useful information to management and investors regarding certain financial and Certain statements in this presentation may be considered forward-looking statements within the meaning of the federal business tren
Slide 3: Q1'26: Solid Start To Year, Continued Strategic Progress
Q1’26: Solid Start To Year, Continued Strategic Progress +4.0% +16.4% $74M 4.2x Net Revenue Growth $723M in Net Adj. EBITDA Growth(1) Adjusted Unlevered Net Leverage Ratio(2) Revenues(1) $68M in Adj. EBITDA Free Cash Flow(1) ► Revenue and EBITDA growth driven by strong Experiential Services demand a
Slide 4: Growth and Productivity Initiatives Driving Long-Term Value Creation
Growth and Productivity Initiatives Driving Long- Term Value Creation Growth Initiatives Supporting Demand, Partnerships and TAM Productivity Initiatives Driving Execution, Efficiency and • New program launches and increased activity with existing Margins clients; momentum particularly strong in Exp
Slide 5: Business Segment Updates
Business Segment Updates Branded Services Experiential Services Retailer Services ► Continued macro pressure, client ► Strong Q1 results, with events growth ► Revenue and EBITDA growth insourcing, procurement, and select client of nearly 20% and an improved execution supported by new business wins,
Slide 6: Reaffirming 2026 Outlook
Reaffirming 2026 Outlook Balanced and prudent outlook reflects improving execution momentum amid continued macro uncertainty 2026 Guidance Revenues and Profitability ► Revenues expected to be flat to up low single digits, excluding the effect of the recently announced divestitures ► Adjusted EBITDA
Slide 7: Improving Execution and Profitable Growth Momentum
Improving Execution and Profitable Growth Momentum Highlights Revenues ► Q1 revenue growth driven by continued (Continuing Operations) strength in Experiential Services and $ in millions Y/Y growth 4.0%(1) improved Retailer Services performance, $869.6 $821.8 while Branded Services remains under $14
Slide 8: Progressing Toward Stabilization in a Challenging Environment
Progressing Toward Stabilization in a Challenging Environment BRANDED SERVICES Highlights Revenues ► Continued challenging environment with (Continuing Operations) client insourcing, procurement pressure, $ in millions Y/Y growth (12.0)%(1) and select client losses $289.8 $257.0 $33.0 $4.9 ► Focused
Slide 9: Strong Demand and Execution Driving Profitable Growth
Strong Demand and Execution Driving Profitable Growth EXPERIENTIAL SERVICES Highlights Revenues ► Delivered very strong first quarter results (Continuing Operations) $ in millions driven by robust demand and new program Y/Y growth 22.4%(1) launches $385.5 $314.0 ► Events grew nearly 20%, with execut
Slide 10: Improved Activity and Execution Supporting Growth
Improved Activity and Execution Supporting Growth RETAILER SERVICES Highlights Revenues ► Positive revenue and EBITDA growth driven (Continuing Operations) $ in millions by new wins, pricing, and program ramps Y/Y growth 4.2%(1) ► Timing-related benefit in the quarter, with improving underlying acti
Slide 11: Debt Maturity Extension to 2030 Improves Liquidity and Financial Flexibility
Debt maturity extension to 2030 improves liquidity and financial flexibility As of March 31, 2026 Net Debt Overview Maturity Schedule $1,976 $ in millions Maturity Outstanding $386 2030 Term Loan Facility 2030 $1,028 $562 9.0% Senior Secured Notes 2030 562 6.5% Senior Secured Notes 2028 2 $1,028 Tot
Slide 12: Continued Cash Generation Driving Greater Financial Flexibility
Continued Cash Generation Driving Greater Financial Flexibility Capex and Adjusted Unlevered FCF Capital Allocation ► Cash generation remains a core strength of the ► Ended the first quarter with $144 million in cash, business, supported by disciplined cost management and reflecting disciplined capi
Slide 13: 2026 Guidance
2026 Guidance Reiterating 2026 full year guidance $ in millions, unless otherwise noted 2026 Commentary Full Year 2026 Guidance ► Revenues expected to be flat to up low single digits in 2026 (ex-divestitures), with macro and Flat to Up Low-Single Digits mix pressures continuing to weigh on Revenues(
Slide 14: Appendix
Appendix && Advantage Solutions..
Slide 15: Net Loss to Adjusted EBITDA
Non-GAAP Reconciliation (1/8) Net Loss to Adjusted EBITDA Internal Use Only 15
Slide 16: Branded Services Segment Operating Loss to Adjusted EBITDA
Non-GAAP Reconciliation (2/8) Branded Services Segment Operating Loss to Adjusted EBITDA Internal Use Only 16
Slide 17: Experiential Services Segment Operating Income (Loss) to Adjusted EBITDA
Non-GAAP Reconciliation (3/8) Experiential Services Segment Operating Income (Loss) to Adjusted EBITDA Internal Use Only 17
Slide 18: Retailer Services Segment Operating Income to Adjusted EBITDA
Non-GAAP Reconciliation (4/8) Retailer Services Segment Operating Income to Adjusted EBITDA Internal Use Only 18
Slide 19: Revenues to Revenues Net of Reimbursable Expenses
Non-GAAP Reconciliation (5/8) Revenues to Revenues Net of Reimbursable Expenses Internal Use Only 19
Slide 20: Adjusted Unlevered Free Cash Flow
Non-GAAP Reconciliation (6/8) Adjusted Unlevered Free Cash Flow Internal Use Only 20
Slide 21: LTM Adjusted EBITDA, Net Debt and Net Debt to Adjusted EBITDA Ratio
Non-GAAP Reconciliation (7/8) LTM Adjusted EBITDA, Net Debt and Net Debt to Adjusted EBITDA Ratio Internal Use Only 21
Slide 22: Footnotes
Non-GAAP Reconciliation (8/8) Footnotes (a) Represents non-cash compensation expense related to performance stock units, restricted stock units, and stock options under the 2020 Advantage Solutions Incentive Award Plan and the Advantage Solutions 2020 Employee Stock Purchase Plan. (b) Represents exp