Supremex Inc. · TSX:SXP
Supremex — Q2 2026 Earnings Presentation
30 slides from Supremex's earnings presentation, Jul 31, 2026
Slide 1: Investor Presentation July 2026
SupremeX (TSX: SXP.TO) INVESTOR PRESENTATION JULY 2026 1
Slide 2: Forward Looking Information and Non-IFRS Financial Measures
Forward Looking Information and Non-IFRS Financial Measures • This presentation contains “forward-looking information” within the meaning of applicable Canadian securities laws, including (but not limited to) statements about the EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted net earnings
Slide 3: SupremeX at a Glance
SupremeX at a Glance Envelope • #1 in Canada Packaging • #2 Independent folding carton • Top 3 in North America(1) provider in Quebec(1) • Recent acquisition establishes initial presence in the larger Ontario market LTM REVENUE PACKAGING: June 30, 2026 $285M ~33% ENVELOPE: ~67% (1) Based on Manageme
Slide 4: Growing By Acquisition for Nearly 50 Years
Growing By Acquisition for Nearly 50 Years • Founded in 1977 by four envelope industry executives • Acquired by private equity in 1990; sold to Cenveo in 1995; IPO in 2006 Focused on envelope manufacturing in Canada Diversifying by geography & product 1991 1994 1996 1998 2000 2001 2007 2008 2010 201
Slide 5: The Packaging Segment - Overview
The Packaging Segment - Overview The Company manufactures and distributes a diverse range of packaging and specialty products including high-end folding carton packaging, e-Commerce fulfillment packaging solutions and labels. LTM Revenue End-market Approximate Key Points SupremeX Edge June 30, 2026
Slide 6: The Packaging Market is Growing
The Packaging Market is Growing Growing e-commerce activity and sustainability trends support the expansion of paper packaging Paper Packaging Folding Carton Boxes Largest subsector with an estimated 2025 share of 35.4%(1) of the global Market Size Global folding carton packaging market valued at US
Slide 7: Strategic Acquisition of Goldrich Printpak Inc.
Strategic Acquisition of Goldrich Printpak Inc. Quick Facts Rationale • Concluded on June 5, 2026 • First major folding carton platform in the Greater Toronto Area • Provider of folding carton packaging • Materially accelerates the diversification of our revenue base solutions, mainly for the food,
Slide 8: The Envelope Segment - Overview
The Envelope Segment - Overview The Company utilizes an industry leading equipment base and platform to manufacture a broad range of stock and custom envelopes. LTM Revenue Regional Revenue Key Points SupremeX Edge June 30, 2026 Distribution(1) • Optimal geographical network National footprint & loc
Slide 9: The Envelope Segment – North American Market in Secular Decline
The Envelope Segment – North American Market in Secular Decline Through internal growth and acquisitions, Supremex is now one of the three largest manufacturers in North America Canadian Envelope Market U.S. Envelope Market Market Size –Sales $125M(1) US$2.0B(2) Competitive Landscape • SupremeX is a
Slide 10: Executing on a Three-Pronged Growth Strategy
Executing on a Three-Pronged Growth Strategy Leverage our Envelope capacity, knowhow and cash flow to fund the pivot to packaging 1 2 3 Maintaining its leading Pursuing growth opportunities Building Supremex’ packaging position in the Canadian in the U.S. envelope market capabilities organically and
Slide 11: Maintaining Market-Leading Position in Canada and Diversifying in the U.S.
Maintaining Market-Leading Position in Canada and Diversifying in the U.S. Manage the secular decline in the Envelope segment by maintaining EBITDA and strong cash flow generation 1. Maintain Leading Position in Canada 2. Diversify into the U.S. Market • Have a disciplined approach to pricing • Take
Slide 12: Diversifying into Paper-Based Packaging in Canada & the U.S.
Diversifying into Paper-Based Packaging in Canada & the U.S. Accelerate diversification into high-value growth markets and execute pivot to Packaging 3. Diversify into Paper-Based Packaging Focus on 3 Pillars of Growth MAKE ACQUISITIONS TO DEVELOP SCALE FOLDING CARTON • Grow newly-established platfo
Slide 13: Q2-2026 Results
TSX: SXP.TO Q2-2026 RESULTS INVESTOR PRESENTATION July 2026 13
Slide 14: Q2-2026 Highlights & Recent Events
Q2-2026 • Revenue of $71.6M, up 8.5% from $66.0M last year. Highlights & • Adjusted EBITDA(1) of $7.8M (10.9% of revenue), up from $5.8M (8.8% of Recent Events revenue) last year. • Net earnings of $1.0M ($0.04 per share), vs. a net loss of $0.3M (loss per share of $0.01) last year. • Adjusted net e
Slide 15: Revenue Overview
Revenue Overview Revenue (M$) Y/Y Variance Analysis Highlights Packaging: $71.6 (+) Higher folding carton revenue: $66.0 (M$, except %) Packaging Envelope TOTAL • Share of wallet gains with large multi-national 26.4 consumer packaged goods customers 22.2 Q2-25 22.2 43.8 $66.0 • Revenue from Trans-Gr
Slide 16: Adjusted EBITDA and Net Earnings
Adjusted EBITDA(1) and Net Earnings Adjusted EBITDA (M$)(1) & Margin (%)(1) Net Earnings (loss) (M$) & Margin Highlights 24.0% Packaging: 13.0 $1.0 $1.0 (+) Effect of higher folding carton volume $7.8 on the absorption of fixed costs $5.8 3.4 18.0% (-) Softness in commercial print 8.0 $0.5 2.9 Envel
Slide 17: Net Earnings and Adjusted Net Earnings
Net Earnings and Adjusted Net Earnings(1) Net Earnings (loss) (M$) & EPS Adjusted Net Earnings(1) (M$) & Adjusted EPS(1) Q2 Elements $1.2 $1.6 $1.0 $1.4 2026: $1.2 $0.6 - Acquisition-related costs $0.04 $0.8 - Restructuring expenses for $0.06 the reorganization of the $0.0 label business ($0.01) $0.
Slide 18: Cash Flow from Operating Activities and Free Cash Flow
Cash Flow from Operating Activities and Free Cash Flow (1) Net Cash Flow Related to Operating Activities (M$) Free Cash Flow(1) (M$) Highlights $6.0 Cash flow from operating activities: $5.0 $4.3 (+) Lower working capital $3.6 requirements this year $3.0 compared to last (+) Higher net earnings $2.0
Slide 19: Solid Financial Position
Solid Financial Position Total Debt (M$) Net Debt to Adjusted EBITDA Ratio (1) Highlights 2.00x Goldrich • Significant debt reduction 50.0 Sale-leaseback Goldrich 43.9 1.80x Sale-leaseback acquisition in Q3-2025 following 40.6 acquisition 1.60x sale-leaseback (in millions of $, except ratios) 40.0 3
Slide 20: Outlook
Outlook Positive factors • Strong team, broad product offering, geographical diversification • Longstanding customer and supplier relationships • Solid financial position Short-term concerns • Current economic volatility, ongoing trade uncertainty, postage increases and reduced services at the U.S.
Slide 21: Appendix
TSX: SXP.TO APPENDIX INVESTOR PRESENTATION July 2026 21
Slide 22: Q2 Supplemental Information - Summary
Q2 Supplemental Information - Summary Selected Consolidated Financial Information Three-month periods Six-month periods (In thousands of dollars, except for margins) ended June 30 ended June 30 2026 2025 2026 2025 Revenue 71,557 65,957 146,398 136,185 Operating expenses 52,081 47,498 105,964 97,662
Slide 23: Q2 Supplemental Information - Segmentation
Q2 Supplemental Information - Segmentation Segmented Information Three-month periods Six-month periods (in thousands of dollars, except %) ended June 30 ended June 30 2026 2025 2026 2025 Segmented Revenue Packaging & Specialty Products 26,390 22,170 50,379 43,982 Envelope 45,167 43,787 96,019 92,203
Slide 24: Non-IFRS Financial Measures
Non-IFRS Financial Measures Non-IFRS Measure Definition EBITDA represents earnings before net financing charges, income tax expense, depreciation of property, plant and equipment and right-of-use assets and amortization of intangible assets. EBITDA The Company uses EBITDA to assess its performance.
Slide 25: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures Reconciliation of Net earnings (loss) to Adjusted EBITDA Three-month periods Six-month periods (In thousands of dollars, except for margins) ended June 30 ended June 30 2026 2025 2026 2025 Net earnings (loss) 968 (309) 1,754 1,611 Income tax (recovery) e
Slide 26: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures Reconciliation of Net (loss) earnings to Adjusted net earnings and Three-month periods Six-month periods of Net (loss) earnings per share to Adjusted net earnings per share ended June 30 ended June 30 (In thousands of dollars, except for per share amount
Slide 27: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures Reconciliation of Net cash flows related to operating activities to Three-month periods Six-month periods Free cash flow ended June 30 ended June 30 (In thousands of dollars) 2026 2025 2026 2025 Net cash flows related to operating activities 4,286 304 3,
Slide 28: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures Net Debt to Adjusted EBITDA ratio Q2-2026 Q1-2026 Q4-2025 Q3-2025 Q2-2025 (in thousands of dollars, except for ratios) Total debt 43,908 8,463 4,135 11,691 40,574 Deferred financing costs (294) (294) (63) (162) (124) Cash (3,542) (4,042) (3,090) (2,642)
Slide 29: Reconciliation of Non-IFRS Financial Measures
Reconciliation of Non-IFRS Financial Measures Reconciliation of EBITDA and Adjusted June 30 Mar. 31 Dec. 31 Sep. 30 Jun. 30 Mar. 31 Dec. 31 Sep. 30 EBITDA for the past eight quarters 2026 2026 2025 2025 2025 2025 2024 2024 (In thousands of dollars, except for margins) Revenue 71,557 74,841 72,917 65
Slide 30: www.supremex.com
www.supremex.com Head Office investors@supremex.com 7213 Cordner Street Tel: (514)-731-0000 extension 229 LaSalle, Quebec H8N 2J7