Algoma Central Corporation · TSX:ALC
Algoma Central — Shareholder Meeting (May 2026)
21 slides from Algoma Central's shareholder meeting presentation, May 1, 2026
Slide 1: 2026 Annual General Meeting of Shareholders
2026 ANNUAL GENERAL MEETING OF SHAREHOLDERS
Slide 2: Agenda
AGENDA • Formal Meeting o Elect Directors o Appoint Auditors • Business Presentation | 2
Slide 3: Elect Directors
ELECT DIRECTORS 1. Mats H. Berglund 6. Trinity O. Jackman 2. Richard B. Carty 7. Mark McQueen 3. Jens GrØnning 8. Clive P. Rowe 4. E.M. Blake Hutcheson 9. Gregg A. Ruhl 5. Duncan N.R. Jackman 10. Eric Stevenson | 3
Slide 4: Appoint Auditors
APPOINT AUDITORS Deloitte. im
Slide 5: Forward Looking Statement
FORWARD LOOKING STATEMENT Certain statements in this document about our current and future plans, expectations and intentions, results, levels of activity, performance, goals or achievements or any other future events or developments constitute forward-looking statements. Forward-looking statements
Slide 6: Algoma's Ownership Interests
Algoma’s Ownership Interests
Slide 7: EBITDA by Marine Segment 2016-2025
$250 EBITDA $225 $24 Marine Segments $5 $34 $200 $48 2016-2025 $30 $45 $43 $175 $23 $54 $150 $20 $56 $51 $64 $50 $67 $125 $23 $49 $10 $45 $27 $100 $23 $34 $5 $36 $27 $30 $25 $75 $32 $33 $16 $15 $50 $19 $92 $85 $87 $74 $77 $70 $59 $62 $58 $25 $38 $- 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 D
Slide 8: DP World
gg DP WORLD
Slide 9: Photo taken by Rod Burdick
Photo taken by Rod Burdick. | 9
Slide 10: 2025 Financial Results
2025 FINANCIAL RESULTS | 10
Slide 11: Financial Snapshot
FINANCIAL SNAPSHOT NON-GAAP FREIGHT REVENUE(1) (MILLIONS) $1,000 $924 $900 $800 $721 $700 $600 $500 $388 $400 $300 $200 $100 $- 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 28% increase (1) Freight revenue from each segment includes our proportionate 138% increase share of freight revenue from
Slide 12: 2025 Highlights
2025 HIGHLIGHTS FREIGHT REVENUES(1) (In Thousands) REPORTED REVENUES (MILLIONS) (MILLIONS) REPORTED REVENUES $761,056 $1,000 $1,000 FREIGHT REVENUES(1) $923,636 $750 $750 EBITDA $230,987 $500 $500 NET EARNINGS $143,025 TOTAL ASSETS $1,770,704 $250 $250 (1) Freight revenue includes our proportionate
Slide 13: Domestic Dry-Bulk Financial Performance
DOMESTIC DRY-BULK FINANCIAL PERFORMANCE FREIGHT REVENUE VOLUMES REVENUE DAYS (MILLIONS) (MILLIONS METRIC-TONNES) REPORTED REVENUES $405,072 $450 25 6,000 NET EARNINGS $40,651 $400 5,000 EBITDA $86,729 $350 20 $300 4,000 15 $250 3,000 $200 10 20 $150 2,000 $100 5 1,000 $50 Number of vessels at the en
Slide 14: Product Tankers Financial Performance
PRODUCT TANKERS FINANCIAL PERFORMANCE FREIGHT REVENUE(1) REVENUE DAYS JV NET EARNINGS(2) (MILLIONS) (DOMESTIC) (MILLIONS) REPORTED REVENUES $177,832 $250 3,500 $12 NET EARNINGS $25,265 3,000 $10 EBITDA $71,469 $200 2,500 $8 $150 2,000 $6 10 1,500 $100 $4 1,000 $50 Number of Domestic 500 $2 vessels a
Slide 15: Ocean Self-Unloaders Financial Performance
OCEAN SELF-UNLOADERS FINANCIAL PERFORMANCE FREIGHT REVENUE(1) POOL VOLUMES REVENUE & (MILLIONS) (MILLIONS METRIC-TONNES) DRY-DOCK DAYS REPORTED REVENUES $175,520 $200 25 3,500 NET EARNINGS $24,706 $180 3,000 EBITDA $55,183 $160 20 $140 2,500 $120 15 2,000 $100 1,500 $80 10 12 $60 1,000 $40 5 500 $20
Slide 16: Global Short Sea Shipping Financial Performance
GLOBAL SHORT SEA SHIPPING FINANCIAL PERFORMANCE FREIGHT REVENUE (1) NUMBER OF OWNED VESSELS FREIGHT REVENUE (1) $216,915 (MILLIONS) (AT YEAR END) $300 35 EQUITY EARNINGS (2) $84,588 30 EBITDA(2) $33,635 $250 25 $200 20 $150 15 $100 10 $50 5 $- 0 2023 2024 2025 NACC NASC NABH 2023 2024 2025 (1) Reven
Slide 17: Shareholder Returns
SHAREHOLDER RETURNS DIVIDENDS PAID PER SHARE TOTAL SHAREHOLDER RETURN (TSR) EARNINGS PER SHARE RETURN ON EQUITY (ROE) $3.50 $175 $4.00 20% $3.50 18% $3.00 $150 $148 16% 14.99% $3.00 $2.50 $125 14% $100 $2.50 12% $2.00 $100 $2.00 10% $1.50 $75 8% $1.50 $1.00 $50 6% $1.00 4% $0.50 $25 Annual Return: 8
Slide 18: 2026 First Quarter Results
2026 FIRST QUARTER RESULTS | 18
Slide 19: Financial Snapshot Q1 2026
FINANCIAL SNAPSHOT Q1 2026 UNAUDITED REPORTED REVENUE FREIGHT REVENUE (1) EBITDA NET EARNINGS (MILLIONS) (MILLIONS) (MILLIONS) (MILLIONS) $180 $180 $6 $5 $160 $160 $5 $- $140 $140 $4 $120 $120 $3 $(5) $100 $100 $2 $(10) $80 $80 $1 $60 $60 $- $(15) $40 $40 $(1) $(20) $20 $20 $(2) $- $- $(3) $(25) 202
Slide 20: 2026 Business Outlook
2026 BUSINESS OUTLOOK FUREBEAR
Slide 21: Thank You
THANK YOU ALGOMA CENTRAL CORPORATION 63 Church Street, Suite 600 St. Catharines, ON L2R 3C4 Canada +1 (905) 687-7888 | algonet.com