Wajax Corporation · TSX:WJX
Wajax — Investor Presentation (March 2026)
31 slides from Wajax's investor presentation, Mar 24, 2026
Slide 1: Wajax Corporation Investor Presentation
Wajax Corporation Investor Presentation March 24, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This presentation contains certain forward-looking statements and forward-looking information, as defined in applicable securities laws (collectively, “forward-looking statements”). These forward-looking statements relate to future events or
Slide 3: Non-GAAP and Other Financial Measures
NON-GAAP AND OTHER FINANCIAL MEASURES This presentation contains certain non-GAAP and other financial measures that do not have a standardized meaning prescribed by generally accepted accounting principles (“GAAP”). Therefore, these financial measures may not be comparable to similar measures presen
Slide 4: Wajax At-a-Glance
WA JAX AT-A-GLANCE NATIONAL FOOTPRINT More than 167 years of operating history 105 branches coast-to-coast A broad range of industrial products and services Diverse market and sector experience REVENUE SOURCES Q4 2025 REVENUE SOURCES FY 2025 ($ millions) ($ millions) Equipment Sales Equipment Sales
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS Q4 2025 Q4 2024 2025 2024 Revenue ($ millions) $560.0 $565.9 $2,145.3 $2,097.6 Basic Earnings per Share $0.56 $0.05 $2.64 $1.97 Adjusted Basic Earnings per Share1 $0.71 $0.35 $2.90 $2.44 Adjusted EBITDA1 ($ millions) $44.0 $35.1 $176.7 $168.0 Revenue ($ millions) Leverage1 2.60x
Slide 6: Key Five-Year Business Metrics
KEY FIVE-YEAR BUSINESS METRICS 2020 2025 Improvement Revenue ($ billions) $1.42 $2.15 +51% Gross profit margin1 18.4% 19.2% +80bps Net earnings ($ millions) $31.7 $57.5 +81% Adjusted Basic $1.75 $2.90 +66% Earnings per Share1 Annual dividend per $1.00 $1.40 +40% share Total Shareholder 2020 – 2025:
Slide 7: Purpose and Values
PURPOSE AND VALUES Empowering People to Build a Better Tomorrow We commit to safety and well-being We develop potential and expertise We deliver an exceptional experience together We build lasting relationships We strive to continuously improve 7 Wajax Corporation – Investor Presentation (March 24,
Slide 8: 2026 Strategic Priorities
2026 STRATEGIC PRIORITIES Continue to build a people-first company Grow our existing business with a focus on parts, service and margin improvement Unlock the potential of our enhanced direct relationship with Hitachi Invest in operational efficiency, process optimization and technology enablement A
Slide 9: 2026 Capital Priorities
2026 CAPITAL PRIORITIES 1. Investing in organic growth to support working capital and maintenance needs 2. Growing shareholder returns and funding dividend payments 3. Debt management – Target Debt/EBITDA1 of 1.5- 2.0x 4. Investing in accretive and strategic acquisitions with a focus on Industrial P
Slide 10: World Class Heavy Equipment OEMs
WORLD CLASS HEAVY EQUIPMENT OEMS Construction Mining Forestry Material Handling Power Systems Image result for terex logo $1,195.3 $1,199.1 $1,258.3 $1,151.6 $1,036.9 $957.4 Heavy Equipment Revenue* $915.8 ($ millions) 2019 2020 2021 2022 2023 2024 2025 Sole or exclusive Canadian distribution relati
Slide 11: Expanded Direct Relationship with Hitachi Construction Machinery Americas (HCMA)
EXPANDED DIRECT RELATIONSHIP WITH HITACHI CONSTRUCTION MACHINERY AMERICAS (HCMA) Highlights • Leading OEM with premium product line and established global track record • Committed partner focused on growing market share in the Americas • Hitachi investing in both increased sales and marketing effort
Slide 12: Industrial Parts and Engineered Repair Services
INDUSTRIAL PARTS AND ENGINEERED REPAIR SERVICES We Represent Leading Vendors INDUSTRIAL PARTS ENGINEERED REPAIR SERVICES (ERS) Combined Industrial Parts and Engineered Repair Services Revenue ($ millions) $1,200 $959.4 $1,000 $898.5 $887.0 $811.2 $800 $679.8 $600 $516.1 $506.8 $400 $200 $0 2019 2020
Slide 13: Building a Canadian Industrial Parts and Services Leader
BUILDING A CANADIAN INDUSTRIAL PARTS AND SERVICES LEADER SERVING MA JOR CUSTOMERS IN A $10 BILLION* ANNUAL MARKET … Mining and Resources Oil Sands / Oil and Gas Energy and Renewables Industrial and Manufacturing …IN MISSION-CRITICAL APPLICATION AREAS Bearing and Power Transmission Hydraulics Electro
Slide 14: Wajax Offers a Full Range of Solutions for Canadian Industry
WA JAX OFFERS A FULL RANGE OF SOLUTIONS FOR CANADIAN INDUSTRY 14 Wajax Corporation – Investor Presentation (March 24, 2026)
Slide 15: IP/ERS: Disciplined Approach to Acquisitions
IP/ERS: DISCIPLINED APPROACH TO ACQUISITIONS Bearings and Power Transmission Hydraulics Electromechanical Industrial Process Automation We focus on targets that: To fill an existing gap in: Where value can be created through: Are leaders in their market Products Customer cross-selling Have strong ta
Slide 16: IP/ERS: Recent Acquisition History
IP/ERS: RECENT ACQUISITION HISTORY $26.9mm cash purchase price (subject to post-closing adjustments and $99.4mm purchase price $4.2 mm purchase price a 3-year performance based earnout) Industrial process maintenance, Provider/integrator of Custom electrical and instrumentation technical services an
Slide 17: Financial Metrics
FINANCIAL METRICS Revenue and EBIT1 ($ millions) Leverage1 (Debt/EBITDA1) $2,400 Revenue: 5.5% CAGR* $160 2.60x 2.61x EBIT: 6.4% CAGR* $140 2.28x $2,000 1.98x $120 $1,600 1.62x $100 Revenue 1.29x EBIT $1,200 $80 1.13x $60 $800 $40 $400 $20 $0 $0 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022
Slide 18: Sustainability Roadmap
SUSTAINABILITY ROADMAP ENVIRONMENTAL SOCIAL GOVERNANCE • Reduce our carbon footprint from owned • Focus on employee health, safety and well- • Enhance sustainability governance for or controlled sources being as part of our Purpose and Values future disclosures and regulatory • Mitigate environmenta
Slide 19: Investment Highlights
INVESTMENT HIGHLIGHTS Strong relationships with industry leading OEMs and suppliers Significant growth potential across all businesses Opportunistic acquisitions with a focus on IP and ERS businesses Focus on cost control, inventory optimization and margin improvement Emphasis on operational efficie
Slide 20: Market Data
MARKET DATA Exchange: Ticker TSX: WJX Recent Share Price $31.67 (March 19, 2026) Common Shares Outstanding 22.0 million Market Capitalization $695.4 million 52-week Range $15.55 – $34.88 Analyst Coverage BMO, TD, Scotiabank, National Bank 20 Wajax Corporation – Investor Presentation (March 24, 2026)
Slide 21: Appendix
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Slide 22: Revenue Mix
REVENUE MIX 22 Wajax Corporation – Investor Presentation (March 24, 2026)
Slide 23: Heavy Equipment Revenue Mix
HEAVY EQUIPMENT REVENUE MIX 23 Wajax Corporation – Investor Presentation (March 24, 2026)
Slide 24: IP/ERS Case Study: Renewables
IP/ERS CASE STUDY: RENEWABLES The Challenge The Need Our Solution Benefits to Customer Power generators need to work A customer’s main hydroelectric Wajax developed new repair Rapid completion of the repair near maximum efficiency and rotor failed and its unique procedures, modified tooling minimize
Slide 25: ERS Case Study: Food and Beverage
ERS CASE STUDY: FOOD AND BEVERAGE The Challenge The Need Our Solution Benefits to Customer The food and beverage industry One of two high-pressure pumps Wajax suggested process piping Improved reliability of critical requires the highest standards of needed for sanitization at a improvements to ease
Slide 26: IP/ERS Case Study: Mining
IP/ERS CASE STUDY: MINING The Challenge The Need Our Solution Benefits to Customer Completing scheduled With 5 weeks to go before The Wajax team custom made The scheduled maintenance maintenance on time requires scheduled maintenance of a the needed components using was able to proceed on time caref
Slide 27: Heavy Equipment Case Study: Construction
HEAVY EQUIPMENT CASE STUDY: CONSTRUCTION The Challenge The Need Our Solution Benefits to Customer Bidding on construction projects A growing construction contractor Wajax’s line of Hitachi ZX Short delivery timelines from can be tricky and hard for small needed rapid access to a full line excavators
Slide 28: Heavy Equipment Case Study: Material Handling
HEAVY EQUIPMENT CASE STUDY: MATERIAL HANDLING The Challenge The Need Our Solution Benefits to Customer In a busy rail yard, loading A growing logistics company A Hitachi ZW370-5 wheel loader A customized solution with power commodities and other material needed a multifunction solution was customize
Slide 29: IP/ERS/Heavy Equipment Case Study: Oil Sands
IP/ERS/HEAVY EQUIPMENT CASE STUDY: OIL SANDS The Challenge The Need Our Solution Benefits to Customer Operating and maintaining a An oil sands customer wanted Wajax offered on-site and Service from a single provider 24/7/365 operation requires a to improve efficiency at 2 in-shop service of crushers
Slide 30: Endnotes
ENDNOTES Except where noted, all figures are in millions of Canadian dollars, except per share data and ratio calculations. 1. This measure does not have a standardized meaning prescribed by GAAP. Please see Wajax’s Management’s Discussion and Analysis for the three and twelve months ended December
Slide 31: wajax.com
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