Hmh Holding Inc. · NASDAQ:HMH
Hmh — Q2 2026 Earnings Presentation
10 slides from Hmh's earnings presentation, Aug 6, 2026
Slide 1: 2Q 2026 Results
2Q 2026 Results August 5, 2026
Slide 2: Forward-looking statements and non-GAAP disclaimer
This presentation (and oral statements made regarding the subjects of this presentation) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (each a “forward-looking sta
Slide 3: Highlights
Highlights 2Q 2026 Results • Market Highlights: Increasingly see today's contracting activity supported by strong long-term market fundamentals rather than short-term commodity cycles. Global deepwater capital expenditures expected to be meaningfully higher in 2027 than 2025 levels • Order intake of
Slide 4: 2Q 2026 Financial Results
2Q 2026 Financial Results Financial Performance FINANCIALS 2Q'26 1Q'26 2Q'25 Strong YoY order Orders $205M -6% 19% Revenue held steady growth with a book to quarter-over-quarter bill ratio of 1.2x Revenue $171M 0% -16% Adjusted EBITDA $34M 13% 3% Maintained Adjusted Positive Free Cash Adjusted EBITD
Slide 5: Product Line Highlights
Product Line Highlights Services ORDER INTAKE Revenue declined 4% year-over-year due to lower repair activity, USD millions Services Products Spares partially offset by stronger digital technology volume and increased 218 205 24% quarter-over-quarter driven by increased demand for repairs, 173 171
Slide 6: Capital Allocation Framework
Capital Allocation Framework Key capital structure metrics OVERVIEW ($ million) 2Q’26 $78 Net Debt1) 0.5x Net Debt Leverage Ratio $195 Liquidity2) $120 Cash Cash flow from operations $18 Capital expenditures3) $(5) Non-cash IPO related settlement $10 Free cash flow4) $22 (1 Net debt defined as total
Slide 7: Capital Allocation Framework
Capital Allocation Framework Financial and capital allocation priorities Technology Balance Portfolio Investment Sheet Management Execute on strategic Priorities Maintain conservative structure and Strategic capital allocation balance sheet with ample liquidity Value accretive M&A with must meet cri
Slide 8: 2026 Guidance Update
2026 Guidance Update Full-Year Financial Guidance Full-Year Adjusted EBITDA $157M - $177M 2H expected to be meaningfully stronger than 1H Capital Expenditures 2% of Revenue Asset-light operating model Adjusted EBITDA are non-GAAP financial measures – see appendix for GAAP to non-GAAP reconciliations
Slide 9: Appendix
Appendix
Slide 10: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (in $ thousands) 2Q 2026 Net income (loss) $ (5,019) Add: Interest expense, net $ 3,945 (in $ thousands) 2Q 2026 Income tax expense (benefit)