Altus Group Limited · TSX:AIF
Altus — Q2 2026 Earnings Presentation
18 slides from Altus's earnings presentation, Aug 6, 2026
Slide 1: Q2 2026 Earnings Call & Webcast
Q2 2026 Earnings Call & Webcast TSX: AIF | August 6, 2026
Slide 2: Forward-looking information & statements
Forward-looking information & statements Certain information in this presentation may constitute “forward-looking information” within the meaning of applicable securities legislation. All information contained in this presentation, other than statements of current and historical fact, is forward-loo
Slide 3: Q2 2026 review
Q2 2026 review Pawan Chhabra 3
Slide 4: Q2 2026 summary results
Q2 2026 summary results Steady revenue growth and margin expansion Continuing operations1 Q2 2026 % y/y change change currency Revenues $112.7M 6.0% Constant Currency • Topline growth rate: Recurring Revenue* $107.9M 6.3% Constant Currency One112 remains in the prior-year comparative Profit (Loss) f
Slide 5: Q2 2026 revenue performance
Q2 2026 revenue performance Flagship offerings driving steady topline growth & ARR $60M $50M $40M $30M $20M $10M $0M Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2025 2025 2025 2026 2026 2025 2025 2025 2026 2026 2025 2025 2025 2026 2026 2025 2025 2025 2026 2026 Software VMS Data Servi
Slide 6: Operating metrics
Operating metrics* Double-digit Software ARR growth and strong retention underpin predictable, resilient revenue Recurring Revenue Software ARR VMS ARR Subscriptions, VMS, Data, Recurring Services Annual value of active subscriptions TTM revenue 6.3% CC 10.4% 6.2% $107.9M $206.8M $172.2M Software NR
Slide 7: P&L efficiency
P&L efficiency Steady improvements, progressing towards target model Q2 2025 Q2 2026 % Change % of Revenue Change bps • Functional expenses remain flat as Revenue $105.6M $112.7M +6.6% we change the shape of the organization Cost of sales $30.6M $30.5M -0.3% 27.1% -190 bps • Expanding gross margin:
Slide 8: Cash generation & balance sheet
Cash generation & balance sheet Strong balance sheet enables growth investments and capital returns Q2 2026 H1 2026 As of Jun. 30, 2026: Cash position $61.9M Net cash provided by operating activities $2.3M (91.6%) $23.3M 18.1% Bank debt $247.9M Free Cash Flow* $1.7M (93.6%) $21.4M 16.2% Funded debt
Slide 9: CEO remarks
CEO remarks Mike Gordon CEO & Chair 9
Slide 10: Path to value creation
Path to value creation Executing ahead of plan Nov. 2025 investor day commitments: • Enhanced ARGUS Intelligence platform with agentic AI Deliver on innovation roadmap • Steadily growing number of assets on the ARGUS Intelligence platform, driving increased client engagement Grow Maximize and driv
Slide 11: Business outlook
Business outlook Progressing towards goal to exit 2027 as a Rule of 40 company FY 2026 Q3 2026 CC growth rate Implied AR $ range CC growth rate Implied AR $ range 5.25 – 7.25% Revenues $456 – 461M 5-7% $114-116M (previously 5-7%) 510 – 610 bps Adjusted EBITDA margin* 28 – 29% 450 – 550 bps 29 – 30%
Slide 12: Introducing Valos.ai
Introducing Valos.ai AI-powered platform that connects valuers and lenders in the property valuation workflow Lender initiates a Valuer leverages valuation on the platform, platform to complete the instructions flow directly report… to gather data, • A leading integrated valuer & lender platform aut
Slide 13: Valos: a strategic tuck-in acquisition
Valos: a strategic tuck-in acquisition A category-defining platform for a core CRE workflow Attractive Strategic Access to Enhances AI Strategic financial profile adjacency structured data capabilities geography • Early stage, with • Core lender-valuer • AI-powered • Valos AI is trained • Enhances A
Slide 14: CFO introduction
CFO introduction Katie Royce 14
Slide 15: Question period
Question period For additional inquiries please email: IR@altusgroup.com 15
Slide 16: APPENDIX
APPENDIX 16
Slide 17: Non-GAAP and other measures definitions
Non-GAAP and other measures definitions Altus Group uses certain non-GAAP financial measures, non-GAAP ratios, capital management measures, and supplementary and other financial measures as defined in NI 52-112. Management believes that these measures may assist investors in assessing an investment
Slide 18: Non-GAAP and other measures definitions
Non-GAAP and other measures definitions Capital Management Measures Free Cash Flow: Altus Group uses Free Cash Flow to understand how much of the cash generated from operating activities is available to repay borrowings and to reinvest in the Company. How it’s calculated: Net cash provided by (used