Slide 1: Q2 2025 Earnings Presentation
Q2 2025 Earnings Presentation August 14, 2025
Slide 2: Disclaimer
Disclaimer FORWARD-LOOKING STATEMENTS NON-GAAP FINANCIAL MEASURES Certain statements in this presentation are “forward-looking” statements based on assumptions currently believed to be valid. This presentation contains EBITDA, Adjusted EBITDA, Adjusted Forward-looking statements are all statements o
Slide 3: Acuren-NV5 Transaction Closed on August 4, 2025
Acuren-NV5 Transaction Closed on August 4, 2025 ◼ Transformational M&A Transaction Completed — Merger announced on May 15, 2025; closed August 4, 2025, ahead of schedule — NV5 shareholders received $10.00 per share in cash and 1.1523 shares of Acuren stock for each NV5 share — Transaction enterprise
Slide 4: Provider of Mission Critical Engineering and Tech-Enabled Services
Provider of Mission Critical Engineering and Tech-Enabled Services for Industrial, Infrastructure and Building Customers Engineering & Lab Testing Nondestructive Testing Rope Access Core Markets Engineering & Lab Testing Infrastructure Geospatial Environmental Testing Renewable Energy Buildings & Te
Slide 5: Non-Discretionary Demand Drives Resilient Financial Performance Across Economic Cycles
Non-Discretionary Demand Drives Resilient Financial Performance Across Economic Cycles Key Combined Statistics $2.0B(1) 11,000+ 230+ ~70% / ~30% 2024A Revenue United States / Employee Count Locations International Revenue Resilient Financial Performance Across Economic Cycles (Illustrative Acuren an
Slide 6: Legacy Acuren 2Q 2025 Performance Highlights
Legacy Acuren 2Q 2025 Performance Highlights Revenue Adjusted Gross Profit(1) Adjusted EBITDA(1) ($ in millions) ($ in millions and % as percent of revenue) ($ in millions and % as percent of revenue) $309 $314 $90 $90 $59 $55 29.1% 28.8% 19.1% 17.4% Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 (
Slide 7: Acuren + NV5: Historical Combined Revenue
Acuren + NV5: Historical Combined Revenue (Illustrative Only) Acuren & NV5 Acuren & NV5 Combined Full Year Revenue Combined First Half Revenue ($ in millions) ($ in millions) $2,039 $1,034 $1,907 $976 2023 2024 1H 2024 1H 2025 Combined revenue figures are not in accordance with GAAP or Article 11 of
Slide 8: Investment Highlights of the New Acuren
Investment Highlights of the New Acuren Market-Leading North American Provider of Tech-Enabled 1 Testing, Inspection, Certification, and Compliance (TICC) and Engineering Services Services are Mission Critical, Non-Discretionary, 2 and Often Recurring or Reoccurring Highly Diversified End Markets an
Slide 9: Illustrative Examples of Cross Selling Opportunities
Illustrative Examples of Cross Selling Opportunities Canadian Market Expansion Infrastructure + Inspection Integration Acuren Strength / NV5 Whitespace Bundled Solutions for Existing Clients Existing customer service Offering inspection and mitigation to line expansion, utilities, bridges, tunnels,
Slide 10: Appendix – Business Reference Materials
Appendix – Business Reference Materials 10
Slide 11: Executive Leadership Biographies
Executive Leadership Biographies Ben Heraud Tal Pizzey Kristin Schultes President and Chief Executive Officer Chief Financial Officer Chief Operating Officer • Joined Acuren in 1987 • Joined Acuren in 2024 • Joined Acuren in 2025 • Chief Executive Officer of Acuren • Spent 15 years at APi Group • Ch
Slide 12: Board and Senior Corporate Leadership Biographies
Board and Senior Corporate Leadership Biographies Robert A.E. Franklin Richard Tong MaryJo E. O’Brien Executive Chairman General Counsel Chief HR Officer • Director of Admiral since 2022 • Joined Acuren in 2025 • Joined Acuren in 2025 and Acuren since 2024 • EVP & General Counsel of NV5 • EVP, Chief
Slide 13: Legacy NV5 Business Overview (Pre-Integration Reference)
Legacy NV5 Business Overview (Pre-Integration Reference) The following reflects NV5’s divisional structure prior to the merger; integration with Acuren is currently underway. Infrastructure Support Geospatial Technology Buildings & Technology (~50% of 2024A Revenue) (~30% of 2024A Revenue) (~20% of
Slide 14: Asset Life Cycle Management – TICC and Engineering
Asset Life Cycle Management – TICC and Engineering 14
Slide 15: Appendix – Financial Reference Materials
Appendix – Financial Reference Materials 15
Slide 16: Reconciliation of Non-GAAP Financial Measures Adjusted Gross Profit and Adjusted Gross Margin
Reconciliation of Non-GAAP Financial Measures Adjusted Gross Profit and Adjusted Gross Margin (amounts in thousands) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, Successor Predecessor Successor Predecessor 2025 2024 2025 2024 Gross profit $ 74,101 $ 80,619 $ 117,770 $ 136,467 De
Slide 17: Reconciliation of Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA Margin (amounts in thousands) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, Successor Predecessor Successor Predecessor 2025 2024 2025 2024 Net loss $ (233) $ (5,450) $ (26,026) $ (6,721) Provision
Slide 18: Reconciliation of Non-GAAP Financial Measure Organic Change in Service Revenue
Reconciliation of Non-GAAP Financial Measure Organic Change in Service Revenue (Unaudited) Service Revenue Service Revenue Change Organic Change Successor period – Three months ended Change Foreign Currency (Fixed in Service June 30, 2025 (As Reported) Translation(1) Currency)(2) Acquisitions(3) Rev
Slide 19: Reconciliation of Non-GAAP Financial Measures Combined Revenue Reconciliation
Reconciliation of Non-GAAP Financial Measures Combined Revenue Reconciliation Six months ended Six months ended Fiscal Year ended Fiscal Year ended Combined Revenue June 2025 June 2024 December 2024 December 2023 ($ in millions) (1H 2025) (1H 2024) (FY2024) (FY2023) Acuren revenue from Predecessor p
Slide 20: Q2 2025 Earnings Presentation
Q2 2025 Earnings Presentation August 14, 2025