Slide 1: Shimmick Corporation Q4 2025 Earnings Presentation
SHIMMICK CORPORATION Q4 2025 Earnings Presentation March 12, 2026
Slide 2: Disclaimer
Disclaimer This presentation is being delivered on behalf of Shimmick Corporation (the “Company”). The sole purpose of this presentation is to provide information in connection with a review of the Company’s operations and/or financial status. This presentation does not purport to be all-inclusive o
Slide 3: Shimmick Overview
Shimmick Overview Shimmick is a leading contractor delivering complex infrastructure solutions across water, climate resilience, energy, and transportation. NASDAQ: SHIM | ~1,000 Employees | 8 States Industry-leading self-perform capabilities across complex civil and electrical infrastructure Market
Slide 4: 2025 Highlights
2025 Highlights Second consecutive positive quarterly adjusted EBITDA Q4 2025 Shimmick projects revenue was up 4% yoy and gross margin up 462% yoy FY 2025 Shimmick projects revenue was up 12% yoy and gross margin up 232% yoy Q4 2025 book-to-burn ratio was 1.4x, second consecutive quarter of backlog
Slide 5: Our Market
Our Market Strong demand for our services continue in water/wastewater treatment, flood protection, water resources, and specialty electrical construction Our backlog and pipeline is resilient with diversified geographies, project types, and clients, giving us the ability to respond to changes in th
Slide 6: Our Backlog
Our Backlog Sound Transit Light Rail – Renton Transit Center and Roadway Improvements Our team recently broke ground in Renton, Washington, on the $48M $139M in Project Awards during Q4 2025 Renton Transit Center and Roadway Improvements Project, building a new $128M in Projects Awards as of Feb’26
Slide 7: Our Strategy at Work
Our Strategy at Work Lower risk, collaborative contracting Effective and consistent SG&A Structure New progressive design-build award improving net income as revenue grows and Ongoing CMGC project approaching construction supports improved operational execution Pursuing several cost-plus and negotia
Slide 8: Q4 2025 Revenue & Gross Margin
Q4 2025 Revenue & Gross Margin Shimmick Projects Revenue Shimmick Projects Gross Margin Q4 2025 Performance $84M $10M $81M Shimmick Projects revenue and margin increases driven by new projects ramping up and are expected to continue into 2026 $2M Q4 2024 Q4 2025 Q4 2024 Q4 2025 Non-Core Projects rev
Slide 9: 2025 FY Performance
2025 FY Performance Shimmick Projects Revenue Shimmick Projects Gross Margin 2025 FY Performance $397M $40M $356M Shimmick total revenue for 2025 was $493M, a 3% increase over 2024 $12M 2024 FY 2025 FY 2024 FY 2025 FY Shimmick total gross margin for 2025 Non-Core Projects Revenue Non-Core Projects G
Slide 10: 2026 FY Guidance
2026 FY Guidance Shimmick Consolidated Revenue 2026 FY $600M Shimmick Consolidated Revenue(1) between $550M $493M $550M and $600M, a 17% increase year-over-year at the midpoint 2025 FY 2026 FY Shimmick Consolidated Adjusted EBITDA Shimmick Consolidated Adjusted EBITDA between $15M and $30M, a 350% i
Slide 11: Outlook
Outlook Strategic backlog investments are delivering results, with continued growth expected into 2026. Increased backlog and revenue will be driven by expansion of our electrical business and our growth in key markets like Texas Core project margins are stable and consistent, as the remaining Non-C
Slide 12: Appendix
APPENDIX
Slide 13: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations (1) Consists of transformation-related costs we have incurred including advisory costs in connection with settling outstanding claims in connection with exiting certain Non-Core * Please refer to the Projects as part of the Company’s growth strategy to address and ca
Slide 14: Non-GAAP Financial Measures Explanatory Notes
Non-GAAP Financial Measures Explanatory Notes Adjusted Net Loss Adjusted EBITDA Adjusted net loss represents Net loss attributable to Shimmick Corporation adjusted to eliminate stock- Adjusted EBITDA represents our Net loss attributable to Shimmick Corporation before interest expense, based compensa
Slide 15: Investor Contact
Investor Contact IR@shimmick.com (949) 704-2350 investors.shimmick.com