Atco Ltd. Class I · TSX:ACO.X
Atco Ltd. Class I — Q4 2025 Earnings Presentation
16 slides from Atco Ltd. Class I's earnings presentation, Feb 26, 2026
Slide 1: Q4 2025 Earnings Call
Q4 2025 Earnings Call ATCO Ltd. February 26, 2026
Slide 2: Legal notice: Forward-looking information advisory
Legal notice Forward-looking information advisory Certain statements made by company representatives and information provided in this presentation may be considered forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate",
Slide 3: Legal notice: Non-GAAP and other financial measures disclosure advisory
Legal notice Non-GAAP and other financial measures disclosure advisory This presentation contains various “total of segments measures” and “non-GAAP financial measures” (as such terms are defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure ("NI 52-112")). NI 52-1
Slide 4: Uniquely positioned for the future
ATCO overview Uniquely positioned for the future Our Purpose Our Objectives Our Experience 13 Manufacturing Locations Growth Creating prosperity and 28,500 Fleet Units Globally opportunity for Financial leadership 9 Commercial & 2 Residential Properties generations to come Support, Partner & Engage
Slide 5: ATCO portfolio strategy
ATCO overview As businesses mature, ATCO portfolio strategy they evolve down the pyramid. Growth New growth is guided by our focus on essential services, macroeconomic trends, and key relationships. Value These investments provide a balance between yield and growth. Foundational Drive efficiency and
Slide 6: FY 2025 adjusted earnings waterfall
Financial highlights FY 2025 adjusted earnings1 waterfall $15 $17 $5 $503 $518 +8% $481 $481 $486 Year-over-year growth 1 2 1 FY 2024 Canadian Utilities 2 Structures & Logistics 2 ATCO Investments FY 2025 Note: Millions of Canadian dollars. 1. Total of segments measure (as defined in NI 52-112). The
Slide 7: Adjusted earnings by segment
Financial highlights ATCO Consolidated ATCO Structures & Logistics Adjusted Earnings1 Adjusted Earnings1 $518 Cash Flow from $481 Operations $121 (Excludes Canadian Utilities) $104 $423 FY 2024 FY 2025 FY 2024 FY 2025 Canadian Utilities ATCO Investments $280 Adjusted Earnings1 Adjusted Earnings1 (Co
Slide 8: ATCO Structures & Logistics Q4 2025 Presentation
ATCO Ltd. Q4 2025 Presentation 8
Slide 9: Fourteen consecutive quarters of year-over-year earnings growth
ATCO Structures Fourteen consecutive quarters of year-over-year earnings growth $121M +16% $274M +14% Year-over-Year Year-over-Year Adjusted Growth Adjusted Growth Earnings1,2,3 EBITDA1,4 +26K +6% $826 +5% Global Space Year-over-Year Growth Global Space Rentals Year-over-Year Growth Rentals Fleet1 A
Slide 10: Positioned for growth
ATCO Structures Positioned for growth Our operations are strategically positioned near regions with strong economic and natural resource activity. 44 Branch locations NORTH AMERICA 13 Manufacturing locations SOUTH AMERICA 5 Countries AUSTRALIA Branches Branches with manufacturing Global operations a
Slide 11: Strategically positioned to serve the housing continuum
ATCO Structures Strategically positioned to serve the housing continuum Modular advantage is 3X FASTER than a traditional site build Emergency Supportive Affordable Attainable Market Homeless Shelter Housing housing rental/ownership rental/ownership Supported Attainable Market Rate ATCO Ltd. Q4 2025
Slide 12: Expansion strategy delivers results and opportunities
ATCO Structures Expansion strategy delivers results and opportunities Delivering essential projects Securing new opportunities across our footprint to drive our future growth Highline School District Transportation: Attainable Homes Calgary: Burien, WA 605 Studio West, Calgary, AB Stibnite Gold: Yel
Slide 13: Funding commitments strengthen market sentiment
ATCO Structures & Logistics Funding commitments strengthen market sentiment Federal Government Federal Government Projects of National Housing Investments Defence Investments Importance • Build Communities Strong Fund • Defence and Security Infrastructure • LNG Canada Phase 2 $51B+ over 10 years $19
Slide 14: The ATCO modular advantage
ATCO Structures The ATCO modular advantage Competitor A Competitor B Quality Fleet Custom Sales Design & Manufacturing Workforce Housing Local Branches & Staff Turn-Key Service Provider Quality service and custom modular manufacturing that cannot be matched by competitors ATCO Ltd. Q4 2025 Presentat
Slide 15: Tackling the world's most urgent challenges underpinned by a diverse portfolio
Tackling the world's most urgent challenges underpinned by a diverse portfolio Portfolio balances yield and long-term growth Significant non-regulated energy opportunities Growing earnings profile Focus on demonstrating value of ATCO Structures ATCO Structures 2025 adjusted earnings1 = $119M Peer mu
Slide 16: Question & Answer
Question & Answer InvestorRelations@atco.com ATCO Ltd. Q4 2025 Presentation 16