Martinrea International Inc. · TSX:MRE
Martinrea International — Q3 2025 Earnings Presentation
25 slides from Martinrea International's earnings presentation, Nov 11, 2025
Slide 1: Q3 2025 Results
Q3 2025 RESULTS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com
Slide 2: Rob Wildeboer, Executive Chairman
ROB WILDEBOER EXECUTIVE CHAIRMAN ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 2
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”), including, but not limited to, statements relating to the Company’s beliefs or views or expectations of, improvements in, expansion of and
Slide 4: Agenda
AGENDA PAT D’ERAMO CHIEF EXECUTIVE OFFICER FRED DI TOSTO PRESIDENT PETER CIRULIS CHIEF FINANCIAL OFFICER ROB WILDEBOER EXECUTIVE CHAIRMAN Q&A ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 4
Slide 5: Pat D'Eramo, Chief Executive Officer
PAT D’ERAMO CHIEF EXECUTIVE OFFICER ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 5
Slide 6: Q3 2025 Highlights
Q3 2025 HIGHLIGHTS $140.4M ADJUSTED EBITDA $1,190.8M $65.0M (11.8% MARGIN) TOTAL SALES ADJUSTED OPERATING INCOME (5.5% MARGIN) $1,159.2M PRODUCTION SALES 1.50x NET DEBT TO ADJUSTED EBITDA (Excluding IFRS-16 Lease Liabilities) ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIA
Slide 7: Labour Strategy
LABOUR STRATEGY 2025 Automotive Women’s Alliance Foundation Change Champion Award This award recognizes Martinrea for contributing to the acceptance and advancement of women in the automotive industry. ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 7
Slide 8: Fred Di Tosto, President
FRED DI TOSTO PRESIDENT ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 8
Slide 9: Status of Operations
STATUS OF OPERATIONS • We are executing well, driving results through: – Operating improvements on the shop floor – Cost savings through SG&A reduction • Continued strong results in North America with healthy margins. • Break even Adjusted Operating Income in Europe. • Positive Adjusted Operating In
Slide 10: New Business Awards
NEW BUSINESS AWARDS LIGHTWEIGHT STRUCTURES PROPULSION SYSTEMS FLEXIBLE MANUFACTURING GROUP $15M In Annualized Sales $12M In Annualized Sales $3M In Annualized Sales 2028 Start of Production 2026 - 2028 Start of Production 2025 - 2027 Start of Production TOTAL AWARDS OVER LAST FOUR QUARTERS $170M In
Slide 11: Peter Cirulis, Chief Financial Officer
PETER CIRULIS CHIEF FINANCIAL OFFICER ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 11
Slide 12: Year-over-Year Comparison
YEAR-OVER-YEAR COMPARISON Q3 2025 results were consistent year over year In Canadian Dollars Q3 2025 Q3 2024 Production Sales $1,159.2M $1,167.3M Production sales were consistent year over year. Tooling Sales $31.6M $70.2M Total Sales $1,190.8M $1,237.5M Adjusted Operating Income $65.0M $65.9M Adjus
Slide 13: Balance Sheet
BALANCE SHEET NET DEBT - Excluding IFRS-16 ($ Millions) $1,000.0 $900.0 $800.0 $908.7 $955.9 $937.4 Q3 2025 net debt (excluding IFRS-16 lease $889.2 $700.0 $857.7 $782.4 $856.5 $852.1 $820.1 $813.5 $864.9 $792.4 $768.1 liabilities) decreased by approximately $24 $662.6 $682.4 million compared to Q2
Slide 14: 2025 Outlook
2025 OUTLOOK 2025F 2024A FREE CASH FLOW $125-$175M $183.8M (before IFRS 16 lease payments) ($75-$125M including IFRS-16 lease ($131.5 including IFRS-16 lease payments) payments) CAPEX Approximately $300M $275.5M TOTAL SALES $4.8-$5.1B $5.014B ADJUSTED OPERATING 5.3%-5.8% INCOME MARGIN 5.3% Outlook e
Slide 15: Rob Wildeboer, Executive Chairman
ROB WILDEBOER EXECUTIVE CHAIRMAN ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 15
Slide 16: Trade and Tariffs
TRADE AND TARIFFS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 16
Slide 17: Five Point Plan
FIVE POINT PLAN Free trade in autos and parts Direct Chinese investment in North between the U.S., Canada, Higher penalties for non- American auto or auto parts and Mexico compliance with Rules of Origin companies should not be supported Measures to incentivize non-North Higher North American conten
Slide 18: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK Invest to Maintain and Maintain Strong Return Capital to Grow Our Business Balance Sheet Shareholders • Organic opportunities • Targeted Net Debt/Adjusted • Repurchase shares with • Invest in R&D and new products EBITDA ratio of ~1.5x or better excess liquidity (at the •
Slide 19: Thank You
THANK YOU Q&A ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com
Slide 20: Appendix
APPENDIX ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com
Slide 21: Q3 Sales
Q3 SALES $1,400 $1,200 • Total sales down 3.8% year over year: -3.8% YoY $1,000 – Production sales down 0.7% Sales ($ Millions) $800 – Tooling sales down 54.9% $600 $1,237.5 $1,190.8 • North American production sales were down 1.2%, reflecting: $400 – Lower year-over-year production volumes on certa
Slide 22: Q3 Adjusted Operating Income Margin
Q3 ADJUSTED OPERATING INCOME MARGIN 6.0% • Adjusted Operating Income Margin increased 20bps year over year. Adjusted Operating Income Margin (%) 5.0% • North American margin increased year over year, reflecting: − A decrease in tooling sales. 4.0% − Productivity, efficiency and other improvements. −
Slide 23: Q3 Adjusted Net Earnings per Share
Q3 ADJUSTED NET EARNINGS PER SHARE $0.60 • Adjusted Net Earnings per Share of $0.52 increased year over year, reflecting: Adjusted Net Earnings Per Share ($) – The factors affecting sales and Adjusted $0.40 Operating Income Margin explained earlier. – Lower year-over-year finance expense owing to lo
Slide 24: Q3 Free Cash Flow
Q3 FREE CASH FLOW $60 • Free Cash Flow decreased year over year, reflecting Free Cash Flow ($ Millions) – lower Adjusted EBITDA $40 – An increase in non-cash working capital due to a delay in the $57.0 collection of certain receivables from $44.5 Jaguar Land Rover following the $20 cybersecurity att
Slide 25: Stay Connected
STAY CONNECTED ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 25
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