Finning International Inc. · TSX:FTT

Finning International — Q2 2023 Earnings Presentation

12 slides from Finning International's earnings presentation, Aug 9, 2023

1. Slide 1: Q2 2023 Results

   Q2 2023 Results Kevin Parkes Greg Palaschuk President and CEO EVP and CFO August 9, 2023 See slides 10 and 11 for important information on forward-looking information, currency, and specified financial measures, including non- GAAP financial measures

2. Slide 2: Disciplined Execution and Strategic Priorities

   Disciplined Execution and Strategic Priorities Drive Product Support Reduce Costs Reinvest to Compound Q2 2023 Product Support Revenue SG&A as a % of Net Revenue (1) Q2 2023 Adjusted ROIC (1) 30 % 16.2 % 17.3 % 20.2 % from Q2 2022 Q2 2023 LTM ended Q2 2023 up 270 bps from Q2 2022 Strategic Prioritie

3. Slide 3: Building on Strong Momentum

   Building on Strong Momentum Winning with Full Cycle Continued Business Customers Resilience Momentum  Strong customer confidence  Reduced corporate overhead  Expanding equipment population and capital spending  Driving employee and facility  Executing product support  Healthy order intake and

4. Slide 4: Q2 2023 Results

   Q2 2023 Results vs Q2 2022 Q2 2023 Summary Net Revenue  Strong revenue growth in Canada and South America, led by mining $2.6B 28 %  Continued disciplined execution of product support growth strategy  South America’s and Canada’s Adjusted ROIC exceeded 26% and 20%, respectively  Positive free ca

5. Slide 5: Net Revenue

   Q2 2023 Net Revenue All comparisons are to Q2 2022 results unless indicated otherwise Net Revenue by Line of Business $ millions Q2 2023 Revenue Highlights 320 4 2,559  Higher revenues across all lines of business  Broad based growth in product support revenue in all 216 7 8 regions, especially in

6. Slide 6: EBIT

   Q2 2023 EBIT EBIT All comparisons are to Q2 2022 results unless indicated otherwise $ millions Q2 2023 EBIT Highlights 112 (68)  Gross profit up 24% on strong product support and new 242 equipment volumes 2 6  Gross profit as a % of net revenue (1) down 70 basis points 190 primarily due to higher

7. Slide 7: Q2 2023 Results – Canada

   Q2 2023 Results – Canada Net Revenue Adjusted EBIT (2) Adjusted ROIC $ Millions $ Millions, as a % of Net Revenue (3) Adjusted, 4 Quarter Average 1,373 20.0% 24.0% 10.0% 11.3% 9.9% 19.6% 20.2% 1,150 17.4% 180 18.0% 10.0% 1,013 130 136 102 0.0% 120 12.0% -10.0% 6.0% 60 -20.0% 0 -30.0% 0.0% Q2 2022 Q1

8. Slide 8: Q2 2023 Results – South America

   Q2 2023 Results – South America Net Revenue Adjusted EBIT Adjusted ROIC $ Millions $ Millions, as a % of Net Revenue 4 Quarter Average 1000 856 26.4% 12.1% 20.0% 10.1% 11.5% 24.6% 800 22.3% 707 129 104 10.0% 637 81 600 0.0% 86 64 -10.0% 400 43 -20.0% 200 0 -30.0% Q2 2022 Q1 2023 Q2 2023 Q2 2022 Q1 2

9. Slide 9: Q2 2023 Results – UK & Ireland

   Q2 2023 Results – UK & Ireland Net Revenue Adjusted EBIT Adjusted ROIC $ Millions $ Millions, as a % of Net Revenue 4 Quarter Average 354 330 6.4% 5.7% 5.5% 10.0% 24.0% 287 36 5.0% 17.4% 0.0% 16.2% 15.9% 23 -5.0% 16.0% 24 17 18 -10.0% 8.0% -15.0% 12 -20.0% -25.0% 0 -30.0% 0.0% Q2 2022 Q1 2023 Q2 202

10. Slide 10: Disclosures: Forward-looking information

    Disclosures Forward-looking information This presentation includes “forward-looking information” (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections that we believe are reasonable as of the date of this presentation, but may ultimately

11. Slide 11: Disclosures: Currency and Specified financial measures

    Disclosures Currency Monetary amounts referred to in this presentation are in Canadian dollars unless noted otherwise. All variances and ratios in this presentation are based on the functional currency of each operation (Canada: CAD, South America: USD, UK & Ireland: GBP). These variances and ratios

12. Slide 12: 2023 Earnings Schedule

    2023 Earnings Schedule All dates and times are preliminary and subject to change Release Date Investor Call Time Quarter Investor Call Date after market close Eastern Q3 2023 November 7, 2023 November 8, 2023 10:00 AM Q4 2023 February 6, 2024 February 7, 2024 10:00 AM Other Events Date Time 2023 Inv

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