Slide 1: Boyd Group Services Inc. Investor Presentation
Boyd Group Services Inc. INVESTOR PRESENTATION March 2026 Internal
Slide 2: Forward-Looking Statement
Forward-Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 2 Forward-Looking Statement This presentation contains forward-looking statements, other than historical facts, which reflect the view of the Company’s mana
Slide 3: 2025 Financial Highlights, Growth Opportunity and Long-Term Goals
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 3 2025 FINANCIAL GROWTH OPPORTUNITY LONG-TERM GROWTH AND HIGHLIGHTS MARGIN GOALS $3.1B Revenue Boyd is the 2nd largest 3-5% Average Annual SSSG 1 independen
Slide 4: Leading Player in the North American Collision and U.S. Glass Industries
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 4 Leading Player in the North Boyd Group’s Collision Location Footprint American Collision and U.S. Glass Industries • The second largest collision repair o
Slide 5: A Trusted Partner to Insurance Customers
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 5 Vehicle Owner Has Accident A Trusted Partner to Insurance Customers Boyd Grows and Gains More Insurer Vehicle Owner Relationships Calls Insurer • Direct R
Slide 6: A Commitment to Operational Excellence
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 6 Best-in-Class Service Provider • Average cost of repair • Cycle time • Customer service • High-quality repairs • Integrity in every interaction WOW Operat
Slide 7: Joe Hudson's Acquisition: Accelerating Boyd's Scale, Density & Market Leadership
Forward Looking Statements Company Profile TheBusiness The Business Market Overview Long-Term Goal Joe Joe Hudson’s Hudson’s Acquisition Acquisition Financial Review Executive Team 7 Joe Hudson’s Acquisition: Accelerating Boyd’s Scale, Density & Market Leadership BUILDING DENSITY ACROSS THE US SOUTH
Slide 8: Synergies + Store Maturation Unlocks Meaningful Adj EBITDA Upside Potential
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 8 Synergies + Store Maturation Unlocks Meaningful Adj EBITDA Upside Potential SYNERGIES: STORE MATURATION: MEANINGFUL ADJUSTED EBITDA ~$35-$45M ~$24M IN ADJ
Slide 9: A Highly Fragmented Industry TAM: ~$50B
Forward Looking Statements Company Profile The Business MarketOverview Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 9 A Highly Fragmented Industry Despite ongoing consolidation, the collision repair market Other remains highly fragmented. 7% • The industry
Slide 10: Long-Term Track Record Of Same-Store Sales Growth Across Cycles
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 10 Long-Term Track Record Of Same- Store Sales Growth Across Cycles Boyd’s Quarterly Same-Store Sales Growth 5-Year Average: 8.8% 30.0% 10-Year Average:
Slide 11: A Look Back In History Highlights Boyd's Resilience
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 11 A Look Back In History Highlights Boyd’s Resilience THE GREAT RECESSION THE PANDEMIC Boyd Group Same-Store Sales Growth Boyd Group Same-Store Sales Growt
Slide 12: A Return To Positive Same-Store Sales In The Second Half Of 2025
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 12 A Return To Positive Same-Store Sales In The Second Half Of 2025 THE 2024/2025 INDUSTRY DOWNTURN Boyd Group Same-Store Sales Growth Significant increases
Slide 13: Continued Improvement In Industry Drivers
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 13 Continued Improvement In Industry Drivers Significant Moderation In Used Car Prices In Positive Territory Total Loss Rates Off Recent Highs Auto Insuranc
Slide 14: New Unit Growth Augments Organic Expansion
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 14 New Unit Growth Augments Organic Expansion Boyd Group’s Total North American Locations* 1307 1043 942 984 848 860 698 741 611 509 351 404 2015 2016 2017
Slide 15: Varying Ramp-Up Times, Consistently Strong Returns
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 15 SINGLE SHOP GROWTH Varying Ramp-Up Times, Consistently Strong Returns Sales Adjusted $000s EBITDA% 4,000 25.0% Single Acquisition 3,500 20.0% Maturation
Slide 16: Proven Success in Driving Value Through Single Shop Acquisitions
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 16 Proven Success in Driving Value Through Single Shop Acquisitions Value Creation Levers Single Shop Acquisition Adj. EBITDA Margins Client Relationships +
Slide 17: Sustain Our Market Leadership and Accelerate Our Profitability
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 17 OUR GOAL Sustain Our Market Leadership and Accelerate Our Profitability Ambition “WOW” every customer as the most profitable industry consolidator, while
Slide 18: Executing Our Proven Growth Playbook to Achieve Our Revenue Goal
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 18 Executing Our Proven Growth Playbook to Achieve Our Revenue Goal $5B • Incorporating a return to a normalized +5-7% repairable claims environment, enabli
Slide 19: Roadmap to 14%+ Adj EBITDA Margins Through Project 360 & Synergies
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 19 Roadmap to 14%+ Adj EBITDA Margins Through Project 360 & Synergies $140MM $30MM Project 360, our cost transformation plan, together with synergies from t
Slide 20: Disciplined Capital Allocation Focused on Growing the Business
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 20 Disciplined Capital Allocation Focused on Growing the Business Capital Allocation Breakdown #1 GROWTH INVESTMENTS—Acquisition & Growth Capex • Target: $1
Slide 21: Strong Margin Improvement and a Return To Positive Same Store Sales In H2 2025
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 21 Strong Margin Improvement IN US$ MILLIONS (except per share and % amounts) and a Return To Positive QUARTER ENDED YEAR ENDED Same Store Sales In H2 2025
Slide 22: Balance Sheet Strength Supports Growth
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 22 Balance Sheet Strength IN US$ MILLIONS Supports Growth December 31, 2025 December 31, 2024 Cash $1,228.6 $20.0 Long-term debt $937.9 $507.3 Total (cash,
Slide 23: Experienced Management Team Poised to Seize Market Opportunity
Forward Looking Statements Company Profile The Business Market Overview Long-Term Goal Joe Hudson’s Acquisition Financial Review Executive Team 23 Experienced Management Team Poised to Seize Market Opportunity BRIAN JEFF KIM CREIGHTON STEPHEN ZACH KANER MURRAY MORIN WARREN BOYD BALTHROP Vice Preside
Slide 24: Internal
GROUP zBo di gerbers>> =BOYD= Assured Bestin Auto