Ats Corporation · TSX:ATS
Ats — Q2 2026 Earnings Presentation
15 slides from Ats's earnings presentation, Nov 5, 2025
Slide 1: Q2 2026 Earnings Call
Q2 2026 Earnings Call November 5, 2025 8:30am ET
Slide 2: Today's Hosts
Today's Hosts Ryan McLeod Anne Cybulski Interim Chief Executive Officer Interim Chief Financial Officer 2
Slide 3: Forward Looking Statements
Forward Looking Statements Note to Reader: This presentation and the oral statements made during this call contain certain statements that may constitute forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws ("forward-l
Slide 4: Non-IFRS and Other Financial Measures
Non-IFRS and Other Financial Measures Throughout this presentation management uses certain non-IFRS financial measures, non-IFRS ratios and supplementary financial measures to evaluate the performance of the Company. The terms “EBITDA”, "adjusted revenues", “organic revenue”, “adjusted net income”,
Slide 5: Q2 2026 & Recent Highlights
Q2 2026 & Recent Highlights Solid YOY Organic Revenue Growth ▪ Q2 revenues up ~19% y/y to $728.5M, including ~13% organic revenue growth1 ▪ Q2 Order Bookings¹ of $734M; well-diversified across all market verticals ▪ Q2 Adj. Earnings from Operations¹ of $79.1M; 10.9% adjusted earnings from operations
Slide 6: Outlook
Outlook Order Backlog1 provides good revenue visibility: • Life Sciences $1,144M: ◦ Funnel remains strong; mix of opportunities including in radiopharma and medical devices • Food and Beverage $218M: ◦ Funnel remains strong; demand for primary and secondary processing solutions, plus packaging • Ene
Slide 7: Financial Results
Financial Results Y/Y Y/Y Y/Y Y/Y Q2 Q2 (C$ M, except per share data) Change Change F2026 F2025 Change Change F2026 F2025 ($) (%) ($) (%) Revenue Growth: Revenues $728.5 $612.8 $115.7 18.9% $1,465.2 $1,307.1 $158.1 12.1% QTR YTD Organic1 12.6 % 5.2 % Earnings from operations 75.2 22.2 53.0 238.7% 13
Slide 8: Summary
Summary ▪ Strong, diversified Order Backlog1 provides good revenue visibility ▪ Estimated Q3 F26 revenue range of $700 million to $740 million2 ▪ Continue to monitor the macro environment; no material impacts on customer Order Bookings1 or supply chain ▪ Long-term outlook in strategic end-markets re
Slide 9: ATS
ATS
Slide 10: WATS
WATS
Slide 11: Appendix: Measures
Appendix Reconciliation of Non-IFRS Measures to IFRS Measures 11
Slide 12: Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures The following table reconciles adjusted EBITDA and EBITDA to the most directly The following table reconciles organic revenue to revenues, which have been comparable IFRS measure (net income (loss)) (in millions of dollars): reconciled t
Slide 13: Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures The following table reconciles adjusted earnings from operations to the most The following table reconciles adjusted basic earnings per share to the most directly comparable IFRS measures (net income (loss)) (in millions of dollars): dir
Slide 14: Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures The following table reconciles net debt to adjusted EBITDA to the most directly The following table reconciles free cash flow to the most directly comparable comparable IFRS measure (in millions of dollars): IFRS measure (in millions of
Slide 15: Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures The following table reconciles the previously reported non-IFRS financial measures to reflect the exclusion of the stock-based compensation revaluation expenses: (C$ M) Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 F2024 F2024 F2025 F2025 F2025 F2025 F2026 F2
ATS Corporation Common Shares — Q2 2026 Earnings Presentation on 6ix