Dirtt Environmental Solutions Ltd · TSX:DRT
Dirtt Environmental Solutions — Q3 2025 Earnings Presentation
21 slides from Dirtt Environmental Solutions's earnings presentation, Nov 6, 2025
Slide 1: Third Quarter 2025 Investor Deck – Supplement to Earnings Call
THIRD QUARTER 2025 INVESTOR DECK – SUPPLEMENT TO EARNINGS CALL NOVEMBER 6, 2025 TSX: DRT OTC: DRTTF
Slide 2: Advisory: Cautionary Statement Regarding Forward-Looking Statements
ADVISORY CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING results of operations and growth prospects include, but are construction partners ("Construction Partners") for sales, described under the section titled “Risk Factors” in our STATEMENTS not limited to: the effects of tariffs or other trade ba
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES NOTE REGARDING USE OF NON-GAAP FINANCIAL interest expense on outstanding debt and debt facilities, charges, net interest income on cash deposits, interest addition to the foregoing non-GAAP measures. MEASURES or foreign exchange movements), asset base (depreciation expens
Slide 4: DIRTT Is Transforming Interior Construction
DIRTT SOLVES CONSTRUCTION CHALLENGES DIRTT IS TRANSFORMING INTERIOR CONSTRUCTION DIRTT ADVANTAGES 8000+ $2B+ CLIENTS WORLDWIDE OF INTERIORS SHIPPED 01 02 03 800+ 45% Adaptable, multi- trade prefabrication. Faster timelines + fewer trades. Greater cost certainty. HEALTHCARE PROJECTS FORTUNE 500 COMPL
Slide 5: Integrating All Elements of Interior Spaces
INTEGRATING ALL ELEMENTS OF INTERIOR SPACES DIRTT offers comprehensive, prefabricated, modular solutions tailored to client needs. Complete interior solutions include a drywall alternative, glass partitions, casework, power, networks, floors, and more. End-to-end implementation through our proprieta
Slide 6: Capturing Opportunities Across Multiple Growth Markets
DIVERSE EXPOSURE CAPTURING OPPORTUNITIES ACROSS MULTIPLE GROWTH MARKETS In the Workplace, DIRTT provides Healthcare spaces cannot afford Education providers are looking for Flexible, future-proof solutions premium, flexible solutions that disruptive construction cycles or integrated technologies and
Slide 7: Robust Client Base
ROBUST CLIENT BASE DIRTT has worked with 45% of the Fortune 500 companies
Slide 8: Looking Forward
LOOKING FORWARD Q4 2025 Guidance + Revenue: $48-$52M + Adjusted EBITDA1: $5-$7M Transformation + Transformation Office established to accelerate DIRTT's strategic transformation ▪ Position Construction Services for new f market access and continued share gains ▪ Streamline operations and implement b
Slide 9: Financial Highlights
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Slide 10: Q3 Financial Highlights
Q3 FINANCIAL HIGHLIGHTS POSITIVE ADJ EBITDA1 STRONG BALANCE SHEET Adjusted EBITDA1 of a $1.2M (3.1% of revenue), Closed with $32.3M of liquidity compared to $4.1M (9.4% of revenue) in the at Sept 30, 2025 third quarter of 2024 ($26.1 million of unrestricted cash and $6.2 million liquidity available
Slide 11: Gross Profit Margin + Adjusted Gross Profit Margin
FINANCIAL RESULTS GROSS PROFIT MARGIN + ADJUSTED GROSS PROFIT MARGIN1 45% Third Quarter 2025 Highlights: 40% 39.2% 37.5% + Adjusted Gross Profit Margin of 35.8% 33.1%, reflecting an increase of 35% 36.9% 33.8% 2.7% versus prior quarter. 35.2% 33.1% 32.7% 30.4% + Q2 margin erosion primarily due to 30
Slide 12: EBITDA + Adjusted EBITDA
FINANCIAL RESULTS EBITDA + ADJUSTED EBITDA1 Trending EBITDA and Adjusted EBITDA1 Adjusted EBITDA EBITDA 20% Third Quarter 2025 Highlights: 15% 13.9% + Return to positive Adjusted EBITDA(1) due to lower 10% operating expenses driven by cost reduction efforts, tariff 5% 4.4% mitigation initiatives, an
Slide 13: Capital Structure + Allocation
FINANCIAL RESULTS CAPITAL STRUCTURE + ALLOCATION Total Debt Trending Capital Expenditures and Software (in USD millions) Development $70 (in USD millions) $65.4 $5 $60 $4.5 COMMON SHARES REPURCHASED $56.1 $5 (in millions of shares) $50 $4 $3.4 2024 REPURCHASES (0.06) $4 $3.2 $40 $3 $2.7 2025 REPURCH
Slide 14: Commercial + Operational Highlights
Commercial + Operational Highlights
Slide 15: Key Commercial + Operational Highlights
KEY COMMERCIAL + OPERATIONAL HIGHLIGHTS “Q3 marked a shift back to + DIRTT formalized a Construction Services team (formerly Integrated Solutions) to provide normal business with improving preconstruction, design-build assistance, margins and a return to targeted estimating, self-perform installatio
Slide 16: Key Commercial + Operational Highlights Continued
COMMERCIAL RESULTS KEY COMMERCIAL + OPERATIONAL HIGHLIGHTS CONTINUED Repeat Customers + Completed 250th+ project with Google, a relationship spanning 10 years + More than 25 projects with Allina Health, including current multi-phase project in Minneapolis, MN + 49% of current 12-month pipeline is re
Slide 17: Supplementary
Supplementary
Slide 18: Liquidity + Additional Financial Highlights
LIQUIDITY + ADDITIONAL FINANCIAL HIGHLIGHTS + Total liquidity of $32.3M at September 30, 2025 ($26.1M of unrestricted cash and $6.2M liquidity available under asset backed credit facility). + Increased current portion of long-term debt due to reclassification of convertible debentures from long-term
Slide 19: Summary of Consolidated Financial Results
FINANCIAL RESULTS SUMMARY OF CONSOLIDATED FINANCIAL RESULTS For the period ended September 30 Three Months ($ millions, except per share amounts) 2025 2024 % Change Revenue 37.7 43.4 (13%) Gross profit 11.5 16.8 (32%) Gross profit margin 30.4% 38.8% Adjusted Gross Profit1 12.5 17.6 (29%) 1 Adjusted
Slide 20: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES YTD 2025 Q3 2025 Q2 2025 Q1 2025 FY 2024 FY 2023 FY 2022
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