Hammond Power Solutions Inc. Class A · TSX:HPS.A
Hammond Power Solutions Inc. Class A — Q4 2025 Earnings Presentation
24 slides from Hammond Power Solutions Inc. Class A's earnings presentation, March 2026
Slide 1: Energizing our world.
Energizing our world.
Slide 2: 100 years of saying yes to our customers
100 years of saying yes to our customers a legacy of innovation and industry 2
Slide 3: Global Reach
Global Reach 18 Locations owned & operated 2,700 Employees Manufacturing Locations 2,800+ Sales Presence Product Presence Distributors 3
Slide 4: Power 101
Power 101 Commercial Generation Transmission Distribution Industrial Residential HPS products are typically used to ‘step down’ voltage so power can be used by the end application. 4
Slide 5: What Our Products Do
What Our Products Do transformation filtering induction To make To clean power To provide power usable. that contains controlled heating. harmonics. 5
Slide 6: Markets We Serve
Markets We Serve Industrial Oil & Gas, Mining, Steel, Data Centres Commercial Construction Pulp & Paper, Machinery Web Giants & Others Institutional, Waste/Water, Hospitals Mobility/Transportation Renewables Microgrids EV Charging, Marine/Shore-To-Ship, Hydrogen Solar, Wind, Battery/Energy Storage P
Slide 7: Transformers Are Ubiquitous In Power Systems
Transformers Are Ubiquitous In Power Systems Commercial 1 Data Centers 4 Construction 4 1. Medium Voltage 1. Solar Transformer Distribution Transformer 2 2. Reactor 2. Low Voltage Distribution Transformer 3. Harmonic Mitigating 3. Medium Voltage Transformer 5 Transformer 4. Active Harmonic Filter 3
Slide 8: Relentless Electrification of the Planet
Relentless Electrification of the Planet 50 trillion KWh 2050 PROJECTION WORLD NET ELECTRICITY GENERATION 1990 2000 2010 2020 2030 2040 8
Slide 9: Growth Potential
Growth Potential North America Market $9 billion Worldwide Market 28% $65 billion of the North American market is dry-type transformers $USD 9
Slide 10: Key Demand Drivers
Key Demand Drivers Landmark Legislation Aging Renewables Infrastructure Growth Reshoring High-Growth Initiatives Markets 10
Slide 11: Growing Clean Energy Sector
Growing Clean Energy Sector Hammond Power is playing a key role in the transformation to cleaner energy. Greening + upgrading Utility scale renewable Electrification of global electrical grid build-out transportation 11
Slide 12: Competitive Strengths
Competitive Strengths: 1. Size & Scale 2. Customization is Standard 3. Diversification 4. Broad Market Access 12
Slide 13: How We Go To Market
How We Go To Market PRIVATE LABEL 17% OEM Our broad market reach allows us to diversify our 22% customer base and the markets we serve, resulting in low customer DISTRIBUTION concentration. 61% 13
Slide 14: Size & Scale
Size & Scale As the largest dry-type transformer manufacturer in North America HPS benefits from greater: • Purchasing power • Manufacturing flexibility • Ability to develop deep expertise 14
Slide 15: Mass Customization
Mass Customization Providing industry leading engineering and manufacturing capabilities. 55-60% of all sales are custom 9K 500K Individual SKU’s per year Transformers shipped per year 15
Slide 16: Geographic Diversification
Geographic Diversification INDIA 4% U.S. & MEXICO CANADA 71% 25% 16
Slide 17: Industry Diversification
Industry Diversification TRADITIONAL SEGMENTS 15% Commercial construction Oil & gas DISTRIBUTION Mining (any segment) Industrial 49% Infrastructure Primarily commercial and industrial $213K average customer spend per year EMERGING SEGMENTS 36% Renewables EV charging Data centers Semiconductors 17
Slide 18: Market Size + Share
Market Size + Share Market Share Market Size ($USD) (excluding India and PQ/IHI) SMALLER DRY-TYPE TRANSFORMER FOCUSED $2.7B COMPETITORS North American transformer 26% market GLOBAL HPS PLATFORMS 51% 23% OIL-FILLED Schneider $6.1B Eaton ABB Siemens Hitachi 18
Slide 19: Market Position
Market Position Small companies – less scale Hammond Large companies – less focus We have focus that larger competitors do not have and scale that small independents do not. 19
Slide 20: Track Record of Profitable Growth
Track Record of Profitable Growth CONSOLIDATED SALES vs Adjusted EBITDA ($millions) GROSS MARGIN % OF SALES ($millions) 1,000 898 140.0 130.5 133.3 900 130.0 30% 788 117.2 120.0 800 GROSS MARGIN % OF SALES 710 25% 110.0 700 100.0 600 558 90.0 20% 80.0 71.8 500 70.0 15% 400 380 60.0 359 322 302 314 5
Slide 21: Robust Financial Platform
Robust Financial Platform US $75M $26M 26% Credit Line Operating cash flow 5 Year Dividend CAGR $586M 36% 12-16% Targeted EBITDA Margins Total Assets $0 5-Year EPS CAGR Long-Term Debt 21
Slide 22: Capital Allocation
Capital Allocation: 1 Capacity Expansion 2 Acquisitions 3 Dividend Growth ~$80 million in capital to Accretive acquisitions Continue practice of be spent between 2023 to support PQ initiative, steady dividend growth. and 2025 YE to support access markets, Historical payout has capacity growth to ove
Slide 23: Thank you
Thank you 23
Slide 24: Capital Markets Overview
APPENDIX: Capital Markets Overview HPS.A MARKET DATA (03.20.26) $1.10 $1.10 9.12M Class A Common Shares ANNUAL DIVIDEND HISTORY 2.78M Class B Common Shares (4 votes/Share) $0.55 ~.5% $0.40 $0.34 $0.34 Dividend Yield $0.28 $0.24 $0.24 $0.24 $0.24 ~$2.3B Market Capitalization 2015 2016 2017 2018 2019
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