Matrix Service Company · NASDAQ:MTRX
Matrix Service — Q1 2026 Earnings Presentation
25 slides from Matrix Service's earnings presentation, Nov 6, 2025
Slide 1: Investor Presentation Q1 FY26 Results
INVESTOR PRESENTATION Q1 FY26 Results | November 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains certain forward-looking statements concerning Matrix Service Company’s operations, economic performance and management’s best judgment as to what may occur in the future. The actual results for the current and future periods and other corporate develo
Slide 3: Investing in MTRX
Investing in MTRX • Experienced specialty engineering and construction company with a 40+ year track record supporting energy and utility infrastructure customers • Provider of end-to-end services across entire asset life-cycle with niche capabilities in cryogenic storage for LNG, NGLs, and chemical
Slide 4: Business Overview
NA MATRIX SERVICE Se COMPANY BUSINESS = OVERVIEW
Slide 5: Who we are
Who we are Balanced Exposure Across Growing Energy & Infrastructure Markets (TTM revenue by segment) Specialty E&C business of scale Storage & Terminal Solutions. Headquartered in Tulsa, we are a leading specialty E&C 49% Storage tanks and terminals: of TTM revenue • Specialty vessels including comp
Slide 6: Full lifecycle solutions to support multi-year investments in core end-markets
Full lifecycle solutions to support multi-year investments in core end-markets Storage & Terminal Solutions Utility & Power Infrastructure Process & Industrial Facilities End Market Exposure End Market Exposure End Market Exposure Liquid Storage Tanks & Terminals Power Power LNG Peak Midstream Downs
Slide 7: Long-term value creation
Long-term value creation Deliver Performance Drive Capabilities Build high-quality Deliver Targeted Disciplined Capital Excellence Expansion project pipeline Margin Performance Allocation Culture of safety Expand solutions set Multi-year visibility Improved operating leverage Maximize total return O
Slide 8: Market sector focus areas for Matrix
Market sector focus areas for Matrix Current Markets: Strong brand position, strategic to portfolio, core E&C services with growth potential • Oil (Midstream) Fits our brand position and continued pursuit of core • Oil (Downstream) engineering and construction opportunities. • Midstream Gas Ability
Slide 9: Market outlook: high growth markets
Market outlook: high growth markets Our work in Our work in Semiconductors and Our work in Data Centers Advanced Computer Power Generation Manufacturing • Storage tanks and balance-of-plant • Storage tanks and balance-of-plant • Centerline erection for back-up fuel for back-up fuel • Boilers and sta
Slide 10: Key FY2026 Q1 messages
Key FY2026 Q1 messages 1. Our project teams are executing well with Direct Gross Profit (DGP) aligned with the Company’s 10% to 12% target range. 2. The trend of growing revenue occurred as expected; we expect revenue strength and improving profitability to continue through fiscal 2026. 3. Awards of
Slide 11: Robust opportunity pipeline $6.7B
Robust opportunity pipeline Opportunity pipeline Opportunity pipeline driven by robust infrastructure As of September 30, 2025 investment Utility investment in peak shavers and corresponding LNG storage infrastructure Strong investment in domestic energy and industrial infrastructure and Storage & T
Slide 12: Strategic Roadmap
MATRIX SERVICE a W > COMPANY = STRATEGIC ROADMAP
Slide 13: CEO Commentary
MATRIX SERVICE COMPANY ‘
Slide 14: Our strategic framework
Our strategic framework Underpinned by our core values, we are focused on Consistently Winning, Executing, and Delivering better than anyone else WIN EXECUTE Build backlog and grow market share Safe, reliable, high-quality execution and DELIVER within both existing and new high-value Sustainable and
Slide 15: Return-centric capital allocation
Return-centric capital allocation INVESTING IN GROWTH AND CREATING SHAREHOLDER VALUE Balancing organic and Deliver organic and inorganic growth through investment in expanded inorganic investment while service offerings and geographic footprint maintaining a strong balance sheet Core service offerin
Slide 16: Q1 FY26 Performance
JQ) FY26 PERFORMANCE
Slide 17: Project awards and backlog
Project awards of $187.8M and strong $1.2B backlog provide multi-year visibility to profitable growth Our diversified end-markets Q1 FY26 ($M) FY 2026E are anchored by longstanding Project Awards Backlog REVENUE GUIDANCE $875-$925* customer relationships $136.1 $796.7 $187.8 $1.2B Project Awards Bac
Slide 18: Q1 FY26 financial performance
Q1 FY26 financial performance Q1 FY26 HIGHLIGHTS Q1 FY26 | Highlights REVENUE • Revenue increased 28% compared to the prior year, attributable to higher $211.9 Million revenue volumes in our Storage & Terminal Solutions and Utility & Power FY25, Q4 Infrastructure Segments. FY26, Q1 FY25, Q3 $216.4 $
Slide 19: Investment summary
Investment summary To be updated Key Catalysts w/results Proven specialty E&C service provider with KEY LONG-TERM FINANCIAL TARGETS full lifecycle expertise Less than Less than Track record of excellence with deep base 6% 6.5% of recurring energy and industrials clients NET WORKING CAPITAL* SG&A MAR
Slide 20: Disciplined balance sheet management
Disciplined balance sheet management FORTIFIED BALANCE SHEET TO SUPPORT WORKING CAPITAL NEEDS AND INVEST IN LONG-TERM GROWTH $284.5 Capital Allocation Priorities Liquidity ($MM) $247.1 $248.9 • Maximize balance sheet $211.7 flexibility to support project working capital needs $181.3 $169.6 • Strateg
Slide 21: Investor Conferences and Investor Corporate Access
Investor Conferences Investor Corporate Access Kellie Smythe Senior Director of Investor Relations, December 10-11, 2025 Sustainability, Marketing & Communications Year End Virtual Investor Conference T • 918 838 8822 E • ir@matrixservicecompany.com December 16, 2025 Growth Conference SCAN QR CODE T
Slide 22: Appendix
APPENDIX
Slide 23: Quarterly results | Consolidated
Quarterly results | Consolidated (In thousands except %) Q1 FY26 Q1 FY25 VARIANCE Revenue $ 211,884 $ 165,579 $ 46,305 • Activity continues to accelerate as a result of Storage and Terminal Solutions 109,459 78,239 31,220 progressing work on large projects currently in backlog Utility and Power Infr
Slide 24: Adjusted net income (loss)
Adjusted net income (loss) (In thousands except per share amounts) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Net Income (Loss), as $ (9,223) $ (5,533) $ (3,434) $ (11,272) $ (3,663) reported Restructuring costs _ _ 124 3,448 3,348 Tax impact of adjustments _ _ _ _ _ Adjusted Net Income (Loss) $ (9,223
Slide 25: Adjusted EBITDA
Adjusted EBITDA (In thousands) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Net Income (Loss), as $ (9,223) $ (5,533) $ (3,434) $ (11,272) $ (3,663) reported Interest expense 89 145 134 150 127 Interest income (1,572) (1,578) (1,518) (1,984) (1,802) Provision (benefit) for federal, state and foreign _ 16
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