Astec Industries, Inc. · NASDAQ:ASTE
Astec Industries — Q2 2026 Earnings Presentation
20 slides from Astec Industries's earnings presentation, Aug 5, 2026
Slide 1: Astec Industries Second Quarter Earnings
Astec Industries Second Quarter Earnings August 5, 2026
Slide 2: Safe Harbor
Safe Harbor Certain statements contained in this presentation contain forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among o
Slide 3: Second Quarter Highlights
Second Quarter Highlights Jaco van der Merwe CEO and President 3
Slide 4: Highlights
Highlights Q2 Net sales of $408.1M increased 23.6% Second Quarter TTM2 Adjusted EBITDA of $42.6M increased 26.0% generating an adjusted EBITDA margin of 10.4% Positive free cash flow driven by continued focus on consistency, $408.1M $1,555.1M profitability and working capital management Net sales Ne
Slide 5: Hillhead 2026
Hillhead 2026 Launched 8 new products Demonstrated 2 new prototypes Frontier JA45 Frontier SDF16 Frontier FT200 Frontier GT125 Frontier SF16 SF20 Multi-Frequency Pioneer 6203 –LPV Kolberg EcoScrub Telestack TCL 1031 Zero Telestack LF 527 2 UK dealers added Consistent with Investor Day New Product De
Slide 6: Two Infrastructure Eras, Two Funding Models
Two Infrastructure Eras, Two Funding Models Infrastructure Investment & Jobs Act vs. BUILD America 250 Act — what the surface-transportation reauthorization means for investors Infrastructure Investment Jobs Act BUILD America 250 FY2021 - FY2026 (expires Sept 30, 2026) FY2027 – FY2031 · House T&I, 6
Slide 7: 2Q 26 Implied Orders
2Q 26 Implied Orders CONSOLIDATED INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONS Implied Orders ($M) +6.7% Q/Q Implied Orders ($M) -20.0% Q/Q Implied Orders ($M) +45.5% Q/Q 140% $465 $460 500 140% 300 160% 300 $419 $431 450 $258 $255 $256 120% 120% 140% 400 250 250 120% 113% $222 142% 100% 116% 100% $
Slide 8: Historical Backlog
Historical Backlog CONSOLIDATED INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONS Backlog ($M) Backlog ($M) Backlog ($M) $601 $549 $514 $450 $313 $312 $381 $294 $289 $256 $260 $236 $220 $190 $125 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 Backlog prior to Q3 25 exclude the
Slide 9: Second Quarter Financial Results
Second Quarter Financial Results Brian Harris Chief Financial Officer 9
Slide 10: 2Q26 Financial Results
2Q26 Financial Results ($M, except per share and percentage data) NET SALES ADJ. EBITDA 1 ADJ. EBITDA MARGIN1 ADJ. EPS1 +18.7% +7.8% (-10.7%) $1,555.1 $144.8 $134.3 $3.37 $1,310.1 $3.01 +20 bps (-100 bps) 10.2% 10.4% 10.3% 9.3% +4.4% +23.6% +26.0% $42.6 $408.1 $33.8 $0.90 $0.94 $330.3 2Q 2025 2Q 202
Slide 11: Infrastructure Solutions
Infrastructure Solutions 2Q26 Financial Performance ($M, except percentage data) NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN +3.2% (-11.6%) $143.8 16.8% $854.4 $882.1 15.7% (-130 bps) (-240 bps) $127.1 14.4% 14.4% +11.6% +2.2% $204.6 $228.3 $32.9 $32.2 2Q 2025 2Q 202
Slide 12: Materials Solutions
Materials Solutions 2Q26 Financial Performance ($M, except percentage data) NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN +47.7% +90 bps +62.6% 12.3% $673.0 $67.0 11.4% +100 bps 10.0% 9.0% $455.7 0 bps $41.2 +54.5% +43.0% $22.1 $179.8 $125.7 $14.3 2Q 2025 2Q 2026 TTM 2
Slide 13: Maintain Strong, Flexible Balance Sheet with Ample Liquidity
Maintain Strong, Flexible Balance Sheet with Ample Liquidity TOTAL LIQUIDITY ($M) LIQUIDITY ($M) 6/30/26 $312 $315 Cash and Cash Equivalents $75.7 $268 $266 $248 Available Credit $190.1 Total Available Liquidity $265.8 COMMENTARY • Operating activities were a $12.1M source of cash for Q2 2026 • $250
Slide 14: 2030 Financial Targets
2030 Financial Targets The Built to Connect Way 2030 Financial Targets Adj. EBITDA Margin 14% to 17% Adj. ROIC 13% to 15% Operating Cash Flow 25%+ CAGR Creating Value For Our Employees, Customers, Partners and Shareholders 14
Slide 15: Investment Highlights
Trusted source — High-quality solutions and strong global brand recognition Favorable Customer Sentiment — Customer optimism expressed at Hillhead 2026, the United Kingdom's largest exhibition of quarry, construction and recycling equipment Operational Excellence — Manufacturing investments and proc
Slide 16: Questions and Answers
QUESTIONS AND ANSWERS Steve Anderson SVP of Administration & Investor Relations Phone: 423-553-5934 Email: sanderson@astecindustries.com 16
Slide 17: Appendix
Appendix 17
Slide 18: GAAP vs Non-GAAP Adjusted EPS Reconciliations
GAAP vs Non-GAAP Adjusted EPS Reconciliations (in millions, except per share amounts; unaudited) 18
Slide 19: EBITDA and Adjusted EBITDA Reconciliations
EBITDA and Adjusted EBITDA Reconciliations (in millions, except percentage data; unaudited) 19
Slide 20: Free Cash Flow Reconciliations
Free Cash Flow Reconciliations (in millions, except percentage data; unaudited) 20