Slide 1: Q4 2025 Results
Q4 2025 Results Analyst & Investor Call March 4, 2026 1
Slide 2: Cautionary Statement
Cautionary Statement In this presentation, all amounts are in Canadian dollars, unless otherwise indicated. Any the seasonality of Dexterra’s business; inability to restore or replace critical capacity in a timely manner; graphs, tables or other information in this presentation demonstrating the his
Slide 3: Bill McFarland, Chair of the Board
Bill McFarland Chair of the Board 3
Slide 4: Mark Becker, Chief Executive Officer
Mark Becker Chief Executive Officer 4
Slide 5: 2025: A Year of Strong Performance & Growth
Q4 2025 Revenue and Adjusted EBITDA(1) ($ millions) 2025: A Year of Strong Performance & Growth ◦ Generated record revenue and Adjusted EBITDA ◦ Strong and experienced team ◦ Successfully completed two strategic acquisitions (1) ◦ Well positioned for US FM / IFM growth Full Year 2025 Revenue and Adj
Slide 6: Denise Achonu, Chief Financial Officer
Denise Achonu Chief Financial Officer 6
Slide 7: Support Services Review
Q4 2025 Revenue and Adjusted EBITDA Support Services Review ($ millions) A suite of facilities management, remote services, and hospitality solutions with an expanding footprint ◦ Revenue growth from high camp occupancy and new sales ◦ Adjusted EBITDA growth and strong margins ◦ Contributions from R
Slide 8: Asset Based Services Review
Q4 2025 Revenue and Adjusted EBITDA Asset Based Services Review ($ millions) Workforce accommodation structures, access matting, and space rentals for clients in the natural resources and infrastructure sectors ◦ Lower project revenue related to timing of camp installations and lower access matting
Slide 9: Strong Financial Position And Disciplined Capital Allocation
Strong Financial Position And Disciplined Capital Allocation ◦ Free Cash Flow(1) of $60 million in 2025 ◦ Adjusted EBITDA conversion to FCF target exceeding 50% ◦ Total return swap entered to hedge future share- based compensation expense ◦ Debt to Adjusted EBITDA ratio of 1.6x ◦ Term loan matures 2
Slide 10: Outlook & Priorities For 2026
Outlook & Priorities For 2026 ◦ FM business well positioned for US growth ◦ Nation-building and defence-related opportunities ◦ Monitor and actively manage tariff impacts and changing trade and economic conditions ◦ Capital allocation priorities: ◦ Maintain the dividend ◦ Sustaining and high-return
Slide 11: Q&A
Q&A 11
Slide 12: Appendix I - Supporting Charts
Appendix I - Supporting Charts
Slide 13: Revenue Reconciliation - Q4 2025 vs. Q4 2024
Revenue Reconciliation - Q4 2025 vs. Q4 2024 Appendix I (1) Q4 2025 Revenue includes a $22.2 million contribution from Right Choice. 13
Slide 14: Revenue Reconciliation - 2025 vs. 2024
Revenue Reconciliation - 2025 vs. 2024 Appendix I (1) 2025 Revenue includes a $27.4 million contribution from the Right Choice acquisition. 14
Slide 15: Adjusted EBITDA Reconciliation - Q4 2025 vs. Q4 2024
Adjusted EBITDA Reconciliation - Q4 2025 vs. Q4 2024 Appendix I (1) Q4 2025 Adjusted EBITDA includes $1.9 million and $6.3 million from the PVC and Right Choice investments, respectively. (2) Includes investments in people and technology to support future growth 15
Slide 16: Adjusted EBITDA Reconciliation - 2025 vs. 2024
Adjusted EBITDA Reconciliation - 2025 vs. 2024 Appendix I (1) 2025 Adjusted EBITDA includes contributions of $2.8 million and $7.2 million from the PVC and Right Choice investments, respectively. (2) Includes investments in people and technology to support future growth. 16