Linamar Corporation · TSX:LNR

Linamar — Q1 2026 Earnings Presentation

43 slides from Linamar's earnings presentation, May 6, 2026

1. Slide 1: Q1 2026 Earnings Call

   Q1 2026 Earnings Call May 6th, 2026 Linda Hasenfratz EXECUTIVE CHAIR Jim Jarrell CEO & PRESIDENT Dale Schneider CFO For Audio Only Dial In North America: (+1) 800 549-8228 International: (+1) 289 819-1520 Conference ID: 27001 © Linamar Corporation

2. Slide 2: Forward-looking Information, Risk, and Uncertainties

   Forward-looking Information, Risk, and Uncertainties Certain information regarding Linamar set forth in this presentation and oral summary, including management’s assessment of the Company’s future plans and operations may constitute forward-looking statements. This information is based on current e

3. Slide 3: Agenda

   Agenda Q1 2026 Highlights & Strategic Updates Linda Hasenfratz EXECUTIVE CHAIR Industry & Operations Update Jim Jarrell CHIEF EXECUTIVE OFFICER & PRESIDENT Financial Review & Outlook Dale Schneider CHIEF FINANCIAL OFFICER Q&A All © Linamar Corporation 3

4. Slide 4: Q1 2026 Highlights & Strategic Updates

   Q1 2026 Highlights & Strategic Updates Linda Hasenfratz EXECUTIVE CHAIR © Linamar Corporation 4

5. Slide 5: Consistent, Long-term Performance

   Consistent, Long-term Performance Consistent, Sustainable Flexibility to Growth Driving from Mitigate Risk Diversity Capital Asset Profile enables us to redeploy under-utilized equipment Diversified revenue streams, to changing market needs, broad product portfolio for a synergistic balanced busines

6. Slide 6: Highlights of Q1 Performance

   Highlights of Q1 Performance Entrepreneurial, Record Sales and Earnings With Nearly 50% Mobility Earnings Growth Opportunistic, Technology Driven Continued Technology Portfolio Growth Through Opportunistic Acquisition -- Delivering Great Growth for Today Record Levels of NBW, Additional Distressed O

7. Slide 7: Q1 2026: Record Results, Solid Double-Digit Growth

   Q1 2026: Record Results, Solid Double-Digit Growth Net Earnings & EPS Sales Margin1 Free Cash Flow1 (Normalized) 1 (Normalized) $2.9B $195.8M $3.28 $218.6M 6.7% 16.1% 17.1% 18.8% $142.2M vs. Q1 ‘25 vs. Q1 ‘25 vs. Q1 ‘25 vs. Q1 ‘25 1- Net Earnings (NE) – Normalized, Net Earnings (Loss) Per Share – Di

8. Slide 8: >90% of Linamar Revenues Tariff Free

   >90% of Linamar Revenues Tariff Free 232 Foreign Steel, Section 122 & 301 Section 122 Aluminum & Tariffs Tariffs Foreign Built Derivative Products Outside NA Auto Parts Canada/Mexico Vehicles Retaliatory Tariffs 50% Metals 10%-100% 25% 10%-15% 25% 25% Products USMCA Compliant 0% USMCA Compliant 0% 2

9. Slide 9: Opportunities for Linamar

   Opportunities for Linamar Onshoring to USMCA Acquisition compliant Opportunities suppliers NBW at Record Highs, Strong Supply Base Distress NA Quote Book Extreme in US and Europe ▪ NBW and quoting activity strong in all regions ▪ 3 distressed acquisitions completed to date ▪ Canada NBW very strong ▪

10. Slide 10: Culture – Defining Factor in Linamar's Success

    Culture – Defining Factor in Linamar’s Success in Challenging Times ENTREPRENEURIAL RESPONSIVE INNOVATIVE EXECUTE © Linamar Corporation 10

11. Slide 11: Industry & Operations Updates

    Industry & Operations Updates Jim Jarrell CEO & PRESIDENT © Linamar Corporation 11

12. Slide 12: © Linamar Corporation

    obey pi : ; ae RESILIENCES INTEGRITY TEAMWORK REVENUE INCOME | TEAM @ LINAMAR

13. Slide 13: Disciplined Tariff Mitigation Focused on Shareholder Return

    Disciplined Tariff Mitigation Focused on Shareholder Return ▪ Regulatory and classification review to confirm tariff scope, derivatives treatment, and appropriate product classification ▪ Appeal and relief pathways under evaluation across relevant jurisdictions ▪ Distribution and structural optimiza

14. Slide 14: Continued Growth in a Growing Market

    Continued Growth in a Growing Market Industry Access Volumes Skyjack Global 2026 Q1 Unit Volume FY2026 FY2027 Expectation Expectation 65.7% North America 1.4% 2.0% Europe 1.0% 1.9% Asia Pacific & ROW -17.0% 0.3% Global Total -3.8% 1.5% Source: Industry reports & Linamar Internal, April 2026. YTD Asi

15. Slide 15: Strategic Product Expansion

    Strategic Product Expansion More Reach, Less Space Smaller Footprint, Broader Reach The SJ3232 E launched in Q1 to add to the versatile Launched the new SJ45 AJN & SJ45 ARJN battery range of electric slab scissors. Available in North powered electric articulated slab booms for North American & Europ

16. Slide 16: Market Share Focus During Soft Market Demand

    Market Share Focus During Soft Market Demand Industry Large Ag Volumes Linamar Ag Global 2026 Q1 Unit Volume FY2026 Expectations North America -20 to -15% Europe Flat Combine Drapers Tillage Air Seeders Market Share Up Market Share Up Market Share Rest of World -5% to Flat Globally in US over the LT

17. Slide 17: Agriculture Innovation Highlights

    Agriculture Innovation Highlights MyMacDon Mobile App Bourgault Introduces CDi50 The new MyMacDon Mobile App launched, connecting Bourgault launched the CDi50, a 50-foot, users directly to their MacDon equipment, putting transport-friendly air seeder designed to deliver software updates diagnostics,

18. Slide 18: Global Light Vehicle Production

    Global Light Vehicle Production Industry LV Volumes Industry Outlook Commentary FY2026 FY2027 Expectation Expectation North American production expected to decline in 2026 as North America -2.0% 2.3% higher fuel costs, affordability pressures, and ongoing trade uncertainty weigh on demand. Ongoing g

19. Slide 19: Strong CPV Growth in Q1 Driven by Strategic Acquisitions

    Strong CPV Growth in Q1 Driven by Strategic Acquisitions Global CPV Regional Content Per Vehicle $105.00 +20.0% $99.47 Q1 ‘25 Q1 ‘26 %∆ $95.00 North America $300.90 $373.11 +24.0% $85.00 $82.87 Europe $97.64 $107.64 +10.2% $75.00 Asia Pacific $11.47 $11.86 +3.4% $65.00 Q1 2025 Q1 2026 Global CPV inc

20. Slide 20: Significant New Programs in Q1

    Significant New Programs in Q1 Cylinder Blocks & Heads • Significant new program wins in Q1 for components such as Cylinder Blocks and $758M Cylinder Head Assemblies. in Q1 2026 New Propulsion Agnostic NBWs Business Wins across Mobility and Industrial Knuckles • Continuing to win new structural comp

21. Slide 21: Key Acquisitions Paying Off

    Key Acquisitions Paying Off Winning BLW Leipzig (LCSL) Aludyne North America Core Capabilities Core Capabilities Casting Capabilities Squeeze Casting Warm Forging Iron casting solutions of large, complex components High Pressure Die Casting Hatebur Forging State-of-the-art installation with 3D print

22. Slide 22: Industries We Serve Globally

    Industries We Serve Globally Mobility Access Advanced Manufacturing & Product Development Technologies that Power Vehicles, Motion, Work Agriculture and Lives for the future MedTech Power Water Robotics Defence © Linamar Corporation

23. Slide 23: Gaining Momentum

    Gaining Momentum © Linamar Corporation

24. Slide 24: Financial Update & Outlook

    Financial Update & Outlook Dale Schneider CFO © Linamar Corporation 24

25. Slide 25: Continued Mobility Margin Expansion

    Continued Mobility Margin Key Factors: Mobility Revenue Expansion +19.2% vs Q1 ‘25 • Increased sales related to the acquisitions of select Aludyne Incorporated North American operations and the European Leipzig Casting Facility in Q4 2025; • Increased sales related to launching programs and higher v

26. Slide 26: Industrial Market Challenging, Signs of Improvement

    Key Factors: Industrial Industrial Market Challenging Revenue +6.6% vs Q1 ‘25 Signs of Improvement • • Revenue Normalized Operating Earnings 1 • (in Millions CAD) (in Millions CAD) +6.6% Normalized OE 1 $675.4 $633.4 -16.5% vs Q1 ‘25 -16.5% • • $126.6 • $105.7 • Normalized OE Margin 1 down to 15.6%

27. Slide 27: Strong Liquidity and Balance Sheet

    Strong Liquidity and Balance Sheet Net Debt to EBITDA1 Total Liquidity2 Current Positioning (in Millions CAD) Cash Position Net Debt to EBITDA 1 was 0.6x at the end of Available cash on credit facilities Q1 Peer FY25 Avg. 3 2.7x $2.0B Cash Position at the end of Q1 was $1,191 $1.8B million $805.6 ▪

28. Slide 28: Share Buyback Update

    Status of Share Repurchases • Current NCIB program has repurchased nearly 696 thousand shares as of April 30th • To date, Linamar has returned nearly $59 million to shareholders as a result • Total cash returned since November 2024 nearly $159 million and Share ~2.4 million shares Current NCIB Progr

29. Slide 29: Segmented Outlook Q2 2026 Guidance

    Segmented Outlook Q2 2026 Guidance Q2 2026 Latest Mobility Outlook Sales Growth (%) Double-Digit Growth 1 Normalized OE Growth (%) Double-Digit Growth 1 Normalized Operating Margin (%) Expansion Normal Range 7.0-10.0% Within Normal Range Industrial Sales Growth (%) Growth 1 Normalized OE Growth (%)

30. Slide 30: Outlook FY 2026 Guidance

    Outlook FY 2026 Guidance FY 2026 Outlook FY 2026 Outlook Factors and FY 2026 Latest Consolidated Outlook Provided on March 4, Assumptions: 2026 • Strong Mobility segment growth on launches and acquisitions tempered Sales Growth (%) Double-Digit Growth Growth by Industrial market declines Normalized

31. Slide 31: © Linamar Corporation

    © Linamar Corporation 31

32. Slide 32: Outlook FY 2026 Guidance

    Outlook FY 2026 Guidance FY 2026 Outlook FY 2026 Outlook Factors and FY 2026 Latest Consolidated Outlook Provided on March 4, Assumptions: 2026 • Strong Mobility segment growth on launches and acquisitions tempered Sales Growth (%) Double-Digit Growth Growth by Industrial market declines Normalized

33. Slide 33: Key Message

    Key Message Entrepreneurial, Record Sales and Earnings With Nearly 50% Mobility Earnings Growth Opportunistic, Technology Driven Continued Technology Portfolio Growth Through Opportunistic Acquisition -- Delivering Great Growth for Today Record Levels of NBW, Additional Distressed Opportunities and

34. Slide 34: Chris Merchant, Aiden Matekovic – Linamar Corporation

    Chris Merchant Chief Administrative Officer Linamar Corporation Chris.Merchant@linamar.com 519-836-7550 https://www.linamar.com/investors/ Aiden Matekovic Manager, Corporate Development & Investor Relations Linamar Corporation Aiden.Matekovic@linamar.com 519-836-7550 https://www.linamar.com/investor

35. Slide 35: Appendix

    Appendix © Linamar Corporation

36. Slide 36: Non-GAAP Financial Measures

    Non-GAAP Financial Measures The Company uses certain Non-GAAP and other financial measures to provide useful information to both management, investors, and other stakeholders in assessing the financial performance and financial condition of the Company. Certain expenses and income that must be recog

37. Slide 37: Industrial Sales, Earnings, and Margins

    Industrial Sales, Earnings, and Margins (in Millions CAD) Q1 2026 Q1 2025 +/- +/- $ $ $ % Sales 675.4 633.4 42.0 6.6% Operating Earnings 133.6 142.9 (9.3) (6.5%) Foreign Exchange1 (Gain)/Loss (27.9) (16.3) (11.6) Other Items - - - Operating Earnings – Normalized2 105.7 126.6 (20.9) (16.5%) Operating

38. Slide 38: Mobility Sales, Earnings, and Margins

    Mobility Sales, Earnings, and Margins (in Millions CAD) Q1 2026 Q1 2025 +/- +/- $ $ $ % Sales 2,264.0 1,898.7 365.3 19.2% Operating Earnings 185.8 123.4 62.4 50.6% Foreign Exchange1 (Gain)/Loss (2.3) 2.0 (4.3) Other Items - - - Operating Earnings – Normalized2 183.5 125.4 58.1 46.3% Operating Earnin

39. Slide 39: Net Earnings (Loss) – Normalized

    Net Earnings (Loss) – Normalized1 (in Millions CAD) Q1 2026 Q1 2025 +/- +/- $ $ $ % Net Earnings (Loss) 221.4 177.7 43.7 24.6% Foreign Exchange2 (Gain)/Loss (30.2) (14.3) (15.9) Foreign Exchange (Gain)/Loss on - - - Debt and Derivatives Other Items - - - Tax Impact including Other Items 4.6 3.8 0.8

40. Slide 40: Net Earnings (Loss) per Share – Diluted – Normalized

    Net Earnings (Loss) per Share – Diluted – Normalized1 Q1 2026 Q1 2025 +/- +/- $ $ $ % Net Earnings (Loss) per Share - Diluted 3.71 2.94 0.77 26.2% Foreign Exchange2 (Gain)/Loss (0.51) (0.24) (0.27) Foreign Exchange (Gain)/Loss on Debt - - - and Derivatives Other Items - - - Tax Impact including Othe

41. Slide 41: Free Cash Flow & Capital Investment

    Free Cash Flow1 & Capital Investment (in Millions CAD) Q1 2026 Q1 2025 (in millions of dollars) $ $ Cash generated from (used in) operating activities 281.6 164.3 Payments for purchases of property, plant and equipment (CapEx) (63.5) (88.8) Proceeds on disposal of property, plant and equipment 0.5 0

42. Slide 42: Linamar's Powerful Balanced & Diversified Business Model

    Linamar’s Powerful Balanced & Diversified Business Model INDUSTRIAL SEGMENT focused on North America, Cash for Continued Brand generates cash and shares brand Investment Management management knowledge. Strong Profit Consistent Free Strong, Stable Sustainable MOBILITY SEGMENT Margins Cash Flow Balan

43. Slide 43: Chris Merchant, Aiden Matekovic – Linamar Corporation

    Chris Merchant Chief Administrative Officer Linamar Corporation Chris.Merchant@linamar.com 519-836-7550 https://www.linamar.com/investors/ Aiden Matekovic Manager, Corporate Development & Investor Relations Linamar Corporation Aiden.Matekovic@linamar.com 519-836-7550 https://www.linamar.com/investor

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