Slide 1: Astec Industries First Quarter Earnings
Astec Industries First Quarter Earnings May 6, 2026 1
Slide 2: Safe Harbor
Safe Harbor Certain statements contained in this presentation contain forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among o
Slide 3: First Quarter Highlights
First Quarter Highlights Jaco van der Merwe CEO and President 3
Slide 4: Highlights
Highlights First Quarter TTM2 Net sales up 20.3% Trailing twelve month Adjusted EBITDA margin of 9.2% $396.3M $1,477.3M Positive free cash flow of $32.6M driven by continued focus on Net sales Net sales consistency, profitability and working capital management Infrastructure Solutions — Demand outlo
Slide 5: Focus on returns for all stakeholders
Focus on returns for all stakeholders CONSISTENCY PROFITABILITY GROWTH • Customer Interaction • Adjusted EBITDA % • Net Sales – Millions $1,410.4 • Execution 10.0% 8.7% • Deliver superior products 8.2% $1,338.2 • Operational Excellence 5.6% $1,305.1 $1,274.5 • Communications 2022 2023 2024 2025 2022
Slide 6: M&A Integration
M&A Integration Company TerraSource CWMF Acquisition Date 7/1/2025 1/1/2026 • HR / Payroll / Benefits COMPLETE COMPLETE • Email integration COMPLETE COMPLETE • Finance / Treasury / Tax COMPLETE COMPLETE • Sales territory alignment COMPLETE COMPLETE • Site Reviews COMPLETE COMPLETE • Branding COMPLET
Slide 7: The 2026 Surface Transportation Bill
The 2026 Surface Transportation Bill SPRING SEPT. 30 Transportation Anticipated release of surface Expiration of current surface Secretary Sean Duffy transportation legislation, as transportation law. “It is one of the unique announced by respective House and spaces in government where we work toget
Slide 8: 1Q26 Implied Orders (Organic)
1Q 26 Implied Orders (Organic)1 CONSOLIDATED INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONS Implied Orders ($M) -14.6% Q/Q Implied Orders ($M) -14.3% Q/Q Implied Orders ($M) -15.0% Q/Q 140% $465 500 140% 300 160% 250 $419 450 $258 $222 120% $397 120% 140% $207 400 250 120% 115% $221 200 100% 116% $207
Slide 9: Historical Backlog
Historical Backlog CONSOLIDATED INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONS Backlog ($M) Backlog ($M) Backlog ($M) $549 $514 $450 $403 $381 $236 $313 $220 $294 $276 $190 $256 $260 $126 $125 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 CWMF backlog $17M; Organic $532M C
Slide 10: First Quarter Financial Results
First Quarter Financial Results Brian Harris Chief Financial Officer 10
Slide 11: 1Q26 Financial Results
1Q26 Financial Results ($M, except per share and percentage data) NET SALES ADJ. EBITDA1 ADJ. EBITDA MARGIN1 ADJ. EPS1 +11.5% (-5.1%) +6.0% $3.13 $1,477.3 $2.97 $1,325.3 $136.0 $128.3 (-310 bps) (-50 bps) 10.7% 9.7% 9.2% 7.6% (-40.7%) +20.3% (-13.9%) $0.91 $396.3 $35.2 $329.4 $0.54 $30.3 1Q 2025 1Q
Slide 12: Infrastructure Solutions
Infrastructure Solutions 1Q26 Financial Performance ($M, except percentage data) NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN (-1.5%) (-9.1%) $871.2 18.2% $858.4 $139.0 $126.4 (-350 bps) 16.0% (-130 bps) 14.7% 14.7% +0.4% (-18.9%) $42.9 $236.0 $237.0 $34.8 1Q 2025 1Q
Slide 13: Materials Solutions
Materials Solutions 1Q26 Financial Performance ($M, except percentage data) NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN +36.3% +59.6% $618.9 $59.2 +140 bps 9.6% $454.1 8.2% 0 bps $37.1 5.6% 5.6% +70.6% $159.3 +71.2% $93.4 $8.9 $5.2 1Q 2025 1Q 2026 TTM 2025 TTM 2026 1
Slide 14: Maintain Strong, Flexible Balance Sheet with Ample Liquidity
Maintain Strong, Flexible Balance Sheet with Ample Liquidity TOTAL LIQUIDITY ($M) LIQUIDITY ($M) 3/31/26 $312 $315 Cash and Cash Equivalents $73.4 $268 $239 $248 Available Credit $194.1 Total Available Liquidity $267.5 COMMENTARY • Operating activities were a $40.7M source of cash for Q1 2026 • $250
Slide 15: Investment Highlights
Trusted source — High-quality solutions and strong global brand recognition Favorable Customer Sentiment — Customer optimism expressed at March 2026 ConExpo trade show. Record attendance of ~ 140,000 supports positive customer sentiment. Operational Excellence — Manufacturing investments and procure
Slide 16: 2026 Investor Day
2026INVESTORDAY aay 43" 9096
Slide 17: Questions and Answers
QUESTIONS AND ANSWERS Steve Anderson SVP of Administration & Investor Relations Phone: 423-553-5934 Email: sanderson@astecindustries.com 17
Slide 18: Appendix
Appendix 18
Slide 19: GAAP vs Non-GAAP Adjusted EPS Reconciliations
GAAP vs Non-GAAP Adjusted EPS Reconciliations (in millions, except per share amounts; unaudited) 19
Slide 20: EBITDA and Adjusted EBITDA Reconciliations
EBITDA and Adjusted EBITDA Reconciliations (in millions, except percentage data; unaudited) 20
Slide 21: Free Cash Flow Reconciliations
Free Cash Flow Reconciliations (in millions, except percentage data; unaudited) 21