North American Construction Group Ltd. · TSX:NOA
North American Construction — Investor Presentation (March 2026)
10 slides from North American Construction's investor presentation, March 2026
Slide 1: Investor Presentation
Investor Presentation TSX – NYSE: NOA March 2026
Slide 2: Forward-looking statements & non-GAAP financial measures
Forward-looking statements & non-GAAP financial measures This presentation contains forward-looking information which reflects the current plans and This presentation presents certain non-GAAP financial measures because management expectations of North American Construction Group Ltd. (the “Company”
Slide 3: Global, Diversified Heavy Mining & Civil Infrastructure Contractor
GLOBAL, DIVERSIFIED HEAVY MINING & CIVIL INFRASTRUCTURE CONTRACTOR Built to Move. Ready to Build. Since 1953. Global Leader in Mining Services: Equipment Only • Heavy equipment supply (dry or fully maintained) Equipment & Operators • Load, haul and dump of ore and waste • Overburden removal and mine
Slide 4: Diversified Global Operating Platform
DIVERSIFIED GLOBAL OPERATING PLATFORM Exposure Across Multiple Commodities, Geographies and Contract Types 2.5% 2.5% Cost Plus Non-contracted 2.5% 5% Fixed Price 5% Iron Ore 20% Gold 5% 35% 25% Infrastructure 5% Rentals Metallurgical Coal North America Copper 10% 5% Unit-rate Lithium Mining Contract
Slide 5: Diversified, Strong Operational Growth: Valuation Multiple Lags Fundamentals and Peers
DIVERSIFIED, STRONG OPERATIONAL GROWTH Valuation Multiple Lags Fundamentals and Peers – Attractive Entry Point 10x $1,600 2018 20% 9x Major revenue diversification: 2018-2025 $1,400 49% stake in Nuna 1 (Northern Canada) 8x Combined Revenue CAGR 1 Adjusted EBITDA CAGR $1,200 2020 7x Acquisition of DG
Slide 6: Growth Drivers for 2026 and Beyond
GROWTH DRIVERS FOR 2026 AND BEYOND Strategic Building Blocks for Our Success Scaling Securing Expanding Into Tier 1 Contractor Infrastructure Awards Mining Services Platform in Australia Across North America in Canada and the U.S. NORTH AMERICAN CONSTRUCTION GROUP 6
Slide 7: Scaling Into Tier 1 Contractor Platform in Australia
SCALING INTO TIER 1 CONTRACTOR PLATFORM IN AUSTRALIA Perfectly Positioned to Expand in the Strategic Minerals Hub of ‘The West’ Operations: 50% Across 18 sites, operations benefit from favorable and consistent Revenue CAGR operating conditions that support year-round equipment 2020-2025 utilization.
Slide 8: Securing Infrastructure Awards Across North America
SECURING INFRASTRUCTURE AWARDS ACROSS NORTH AMERICA Knowhow and Fleet Well-Suited to Benefit from Nation-building Across America Operations: 20% Fargo-Moorhead Flood Diversion Project – $600M in total project Of Global Operations volume for NOA – Our earthworks portion are progressing as (Infrastruc
Slide 9: Expanding Mining Services in Canada and the U.S.
EXPANDING MINING SERVICES IN CANADA AND THE U.S. 70+ Years of Expertise Supports Expanding Scope of Mining Across the Continent Operations: 11.0% Mining services span from north of the arctic circle to the heart of Revenue CAGR Texas, with over 70 years of operations in the Canadian oil sands. 2020-
Slide 10: 2026 Financial Outlook & Guidance
2026 FINANCIAL OUTLOOK & GUIDANCE Another Year. Another Revenue and Free Cash Flow Record. Outlook • Strong contractual backlog of $3.9B FY 2026 Guidance: • $1.2B already secured for 2026 • Total bid pipeline of $12.6B • $4.6B in active tender and active procurement process value; positive news flow
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