Miller Industries, Inc. · NYSE:MLR
Miller Industries — Investor Presentation (May 2026)
28 slides from Miller Industries's investor presentation, May 2026
Slide 1: 2026 Investor Presentation
THE WORLD LEADER IN TOWING ® AND RECOVERY EQUIPMENT 2026 INVESTOR PRESENTATION
Slide 2: Scan to watch a short overview video
SCAN TO WATCH A SHORT OVERVIEW VIDEO ABOUT MILLER INDUSTRIES investor.relations@millerind.com
Slide 3: Fact Sheet
FACT SHEET The World Leader in Towing and Recovery Equipment ® CORPORATE SUMMARY Miller Industries is the world’s largest manufacturer of towing and recovery equipment and markets its towing and recovery equipment under a number of well- recognized brands, including Century, Vulcan, Chevron, Holmes,
Slide 4: Executive Bio
EXECUTIVE BIO The World Leader in Towing and Recovery Equipment ® William G. Miller, II has served as a director since May 2014, our Chief Executive Officer since March 2022 and President since March 2011, after serving as Co-Chief Executive Officer from December 2013 to March 2022 and as a Regional
Slide 5: Product Summary: Light-Duty and Car Carrier
PRODUCT SUMMARY The World Leader in Towing and Recovery Equipment ® LIGHT-DUTY Light-duty wreckers are designed for efficiency and dependability in everyday towing and recovery operations. Built for smaller vehicles like cars, light trucks, and motorcycles, these wreckers offer easy maneuverability
Slide 6: Product Summary: Rotators and Special Transport
PRODUCT SUMMARY The World Leader in Towing and Recovery Equipment ® ROTATORS Rotators (capacity up to 100 tons) are cutting- edge recovery vehicles designed for maximum strength and versatility in the most complex recovery operations. With a rotating boom that offers 360-degree maneuverability, thes
Slide 7: Safe Harbor Statement
Q1 2026 INVESTOR RELATIONS PRESENTATION THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT MILLER INDUSTRIES FORWARD LOOKING STATEMENTS SAFE HARBOR STATEMENT Certain statements in this presentation may be deemed to be forward-looking statements, as defined in the Private Securities Lit
Slide 8: Company Profile
MILLER INDUSTRIES OVERVIEW THE WORLD’S LARGEST MANUFACTURER OF LIGHT-DUTY RECOVERY CAR CARRIER TOWING AND RECOVERY EQUIPMENT COMPANY PROFILE SPECIALTY TRANSPORT MEDIUM- & HEAVY-DUTY RECOVERY NYSE: MLR FOUNDED IN 1990 HEADQUARTERS - OOLTEWAH, TN OPERATIONS IN TN, PA, ENGLAND, FRANCE, AND ITALY ~1,500
Slide 9: Investment Highlights and Towing & Recovery Market
MILLER INDUSTRIES OVERVIEW INVESTMENT HIGHLIGHTS ■ World Leader in Towing & Recovery ■ Best-in-Class Products & Manufacturing Distribution ■ Consistent Organic Growth ■ Strong Customer Relationships ■ Quarterly Dividend ■ Attractive Financial Metrics ■ Industry Leader in Innovation ■ Experienced Man
Slide 10: Miller Strategy and Management Team
MILLER INDUSTRIES OVERVIEW MILLER STRATEGY ■ Develop a world-class team from the top down by investing in our employees’ education and career development to enhance the value of the Miller organization ■ Innovate, design, and produce the highest quality products with greater payload and recovery cap
Slide 11: Manufacturing Locations and Product Brands
MILLER INDUSTRIES OVERVIEW MANUFACTURING LOCATIONS Thetford, England Cuneo, Italy Hermitage, PA Greeneville, TN Athens, TN Ooltewah, TN Revigny, France MILLER INDUSTRIES OVERVIEW PRODUCT BRANDS
Slide 12: Sales Channels and International Market
MILLER INDUSTRIES REVENUE STREAMS SALES ■ North American Distribution ■ Government SALES ■ Export ■ Military ■ European Operations ■ After-Market Parts CHANNELS ■ National Accounts ■ Chassis NORTH AMERICAN COMMERCIAL DISTRIBUTION TOWING OPERATORS ■ 53 Distributor Principals ■ Average Fleet Size 10-1
Slide 13: Capital Allocation: Investment in Manufacturing
MILLER INDUSTRIES CAPITAL ALLOCATION ■ Robotics ■ Cybersecurity & IT Infrastructure INVESTMENT IN OUR BUSINESS ■ Capacity ■ Research & Development ■ Human Capital ■ Vertical Integration ■ ERP System ■ Employee Health & Safety MILLER INDUSTRIES CAPITAL ALLOCATION INVESTMENT IN MANUFACTURING Miller In
Slide 14: Investment in Our People and Growth Opportunities
MILLER INDUSTRIES CAPITAL ALLOCATION INVESTMENT IN OUR PEOPLE Employee Health & Safety Employee Engagement Employee Development Cost-of-living adjustments + Tuition reimbursement Welders supplied with air- annual bonus based on program & Family purifying respirators Company performance for all Schol
Slide 15: Middle East Conflict
Q1 2026 INVESTOR PRESENTATION THE WORLD’S LARGEST MANUFACTURER OF TOWING AND RECOVERY EQUIPMENT MILLER INDUSTRIES OVERVIEW MIDDLE EAST CONFLICT Texas ■ DIMINISHED CONSUMER CONFIDENCE ■ GEOPOLITICAL TENSIONS ■ INCREASED GLOBAL DIESEL PRICE ~35-40% California ■ REDUCED WEEKLY RETAIL DELIVERIES ■ INCRE
Slide 16: First Quarter 2026 Quarterly Key Metrics
MILLER INDUSTRIES FIRST QUARTER 2026 QUARTERLY KEY METRICS $180.9M $25.7M $0.56M REVENUE GROSS PROFIT - 14.2% NET INCOME - 0.3% Q1 YOY - Decreased 19.9% Q1 YOY - Decreased 24.3% Q1 YOY - Decreased 93.1% Q1 ’26 vs Q4 ’25 - Increased 5.7% Q1 ’26 vs Q4 ’25 - Decreased 3.2% Q1 ’26 vs Q4 ’25 - Decreased
Slide 17: 2026 Export Outlook and Military Activity
MILLER INDUSTRIES EXPORT OVERVIEW 2026 EXPORT OUTLOOK ■ STRONG BACKLOG ■ JIGE EXPANSION UPDATE ■ BONIFACE FACILITY EFFICIENCY IMPROVEMENTS ■ OMARS INTEGRATION MILLER INDUSTRIES EXPORT MILITARY ACTIVITY ■ PREPARING FOR CONTRACT COMMITMENTS TO BE MANUFACTURED THROUGHOUT 2027-2029 ■ SIGNIFICANT VALUE O
Slide 18: Ooltewah Expansion Update and Capital Allocation Strategy
MILLER INDUSTRIES EXPANSION OOLTEWAH EXPANSION UPDATE ■ SITE WORK SCHEDULED TO BE COMPLETED IN JULY OF 2026 ■ PURPOSE-BUILT MANUFACTURING FACILITY IN FINAL ENGINEERING PHASE ■ BUILDING CONSTRUCTION TO BEGIN LATE SUMMER 2026 ■ CAPITAL EXPENDITURES TO INCREASE THROUGHOUT 2026 & 2027, VAST MAJORITY FUN
Slide 19: 2026 Guidance and Investor Relations Schedule
MILLER INDUSTRIES GUIDANCE 2026 GUIDANCE ■ REVENUE $850 - $900M FOR FY 2026 ■ FY2026 EPS IN LINE WITH FY2025 ■ REVENUE INCREASING TOWARDS ■ FY2026 GROSS MARGIN MID-13% $250M PER QUARTER FOR Q3 AND Q4 IN 2026 MILLER INDUSTRIES INVESTOR RELATIONS INVESTOR RELATIONS SCHEDULE 2026 ■ THREE PART ADVISORS
Slide 20: Thank You
PNDUSTRIES
Slide 21: Miller Industries Reports 2026 First Quarter Results
I 8503 Hilltop Drive, Ooltewah, TN 37363 Telephone (423) 238-4171 CONTACT: Miller Industries, Inc. Debbie Whitmire, Chief Financial Officer (423) 238-8464 FTI Consulting, Inc. Mike Gaudreau millerind@fticonsulting.com MILLER INDUSTRIES REPORTS 2026 FIRST QUARTER RESULTS Sequential Revenue Growth Dri
Slide 22: Press release: shareholder returns and CEO comments
capital to shareholders. • Returned $4.6 million directly to shareholders in the form of dividends and share repurchases during the quarter. “First-quarter performance was consistent with our expectations, as we continued to carefully increase production in response to improving retail activity and
Slide 23: Pricing actions and 2026 guidance
surcharge in April 2025 to partially offset these pressures, continued cost increases have exceeded the coverage provided by that surcharge. As a result, the Company announced that the existing surcharge will be rolled into its standard pricing structure. In addition, Miller Industries will implemen
Slide 24: Forward-Looking Statements
Forward-Looking Statements Certain statements in this news release may be deemed to be forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as “may”, “will”, “should”, “could”, “continue”
Slide 25: Condensed Consolidated Statements of Income
MILLER INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) (Unaudited) Three Months Ended March 31 % 2026 2025 Change NET SALES $ 180,863 $ 225,651 (19.8)% COST OF OPERATIONS 155,181 191,707 (19.1)% GROSS PROFIT 25,682 33,944 (24.3)% OP
Slide 26: Condensed Consolidated Balance Sheets
MILLER INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) March 31, December 31, 2026 2025 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 52,973 $ 44,682 Accounts receivable, net of allowance for credit losses of $1,944 and $1,876 as of March 31, 2
Slide 27: NYSE: MLR
NYSE: MLR
Slide 28: Miller Industries
Wmer INDUSTRIES