Finning International Inc. · TSX:FTT

Finning International — Q1 2023 Earnings Presentation

12 slides from Finning International's earnings presentation, May 9, 2023

1. Slide 1: Q1 2023 Results

   Q1 2023 Results Kevin Parkes Greg Palaschuk President and CEO EVP and CFO May 9, 2023 See slides 10 and 11 for important information on forward-looking information, currency, and specified financial measures, including non- GAAP financial measures

2. Slide 2: Strong Execution and Strategic Priorities

   Strong Execution and Strategic Priorities Drive Product Support Reduce Costs Reinvest to Compound Q1 2023 Product Support Revenue Reduced Corporate Overhead Q1 2023 Adjusted ROIC (1) 27 % >400 19.7 % from Q1 2022 non-revenue generating positions (2) up 270 bps from Q1 2022 Our Strategic Priorities P

3. Slide 3: Building on Strong Momentum

   Building on Strong Momentum Winning with Full Cycle Continued Business Customers Resilience Momentum  Improving customer  Reduced corporate  Expanding equipment confidence overhead population  Increased customer capital  Increased utilization of  Executing product support spending shared servi

4. Slide 4: Q1 2023 Results

   Q1 2023 Results vs Q1 2022 Q1 2023 Summary Net Revenue  Continued strong execution of product support growth strategy $2.1B 23 %  Solid operating leverage in all regions  Equipment backlog (1) up 6% from December 31, 2022  Service work in progress (2) up 8% from December 31, 2022  Actions taken

5. Slide 5: Q1 2023 Net Revenue

   Q1 2023 Net Revenue Net Revenue by Line of Business $ millions Revenue Highlights 7 281 2,144  Higher new equipment sales driven primarily by Canada  Strong product support revenue growth across all regions 97 13 10 and sectors, led by mining 1,736  Q1 2023 order intake up ~25% from Q4 2022, high

6. Slide 6: Q1 2023 Adjusted EBIT

   Q1 2023 Adjusted EBIT Adjusted EBIT $ millions EBIT Highlights 121 (50)  Increase in gross profit and gross profit as % of net 5 216 revenue driven by strong product support volumes  Increase in SG&A reflects higher workforce and variable costs to support revenue growth as well as impact of 140 in

7. Slide 7: Q1 2023 Results – Canada

   Q1 2023 Results – Canada Net Revenue Adjusted EBIT Adjusted ROIC $ Millions $ Millions, as % of Net Revenue Adjusted, 4 Quarter Average 1,167 1,150 20.0% 24.0% 11.0% 11.3% 19.6% 9.1% 18.7% 17.4% 180 18.0% 10.0% 884 128 130 0.0% 120 80 12.0% -10.0% 6.0% 60 -20.0% 0 -30.0% 0.0% Q1 2022 Q4 2022 Q1 2023

8. Slide 8: Q1 2023 Results – South America

   Q1 2023 Results – South America Net Revenue Adjusted EBIT Adjusted ROIC $ Millions $ Millions, as % of Net Revenue 4 Quarter Average 1000 840 20.0% 11.4% 11.4% 11.5% 24.5% 24.6% 800 129 21.7% 707 10.0% 96 571 81 600 0.0% 65 86 -10.0% 400 43 -20.0% 200 0 -30.0% Q1 2022 Q4 2022 Q1 2023 Q1 2022 Q4 2022

9. Slide 9: Q1 2023 Results – UK & Ireland

   Q1 2023 Results – UK & Ireland Net Revenue Adjusted EBIT Adjusted ROIC $ Millions $ Millions, as % of Net Revenue 4 Quarter Average 361 24.0% 5.0% 4.4% 5.7% 10.0% 281 287 17.4% 5.0% 17.0% 36 0.0% 15.7% -5.0% 16.0% 24 16 17 -10.0% 14 8.0% -15.0% 12 -20.0% -25.0% 0 -30.0% 0.0% Q1 2022 Q4 2022 Q1 2023

10. Slide 10: Disclosures

    Disclosures Forward-looking information This presentation includes “forward-looking information” (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections that we believe are reasonable as of the date of this presentation, but may ultimately

11. Slide 11: Disclosures

    Disclosures Currency Monetary amounts referred to in this presentation are in Canadian dollars unless noted otherwise. All variances and ratios in this presentation are based on the functional currency of each operation (Canada: CAD, South America: USD, UK & Ireland: GBP). These variances and ratios

12. Slide 12: 2023 Earnings Schedule

    2023 Earnings Schedule All dates and times are preliminary and subject to change Release Date Investor Call Time Quarter Investor Call Date after market close Eastern Q2 2023 August 8, 2023 August 9, 2023 10:00 AM Q3 2023 November 7, 2023 November 8, 2023 10:00 AM Q4 2023 February 6, 2024 February 7

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