Stella-jones Inc. · TSX:SJ
Stella-jones — Shareholder Meeting (May 2026)
31 slides from Stella-jones's shareholder meeting presentation, May 6, 2026
Slide 1: Safety Instructions
Safety Instructions 1
Slide 2: Annual Meeting of Shareholders
Annual Meeting of Shareholders May 6, 2026
Slide 3: Caution Regarding Forward-Looking Information
Caution Regarding Forward- Looking Information For the purpose of this presentation, Stella-Jones Inc. is referred to as “Stella-Jones” or the “Company” and includes its wholly-owned subsidiaries. This presentation contains forward-looking information within the meaning of applicable securities laws
Slide 4: Introduction
Introduction Katherine A. Lehman Chair of the Board of Directors 4
Slide 5: Agenda
Agenda Opening of the Meeting Chair, Secretary and Scrutineers Notice of Meeting Scrutineer’s Report Voting Consolidated Financial Statements & Independent Auditor’s Report Election of the Directors Appointment of Auditors Say on Pay Closing of the Votes Termination of the Formal Portion of the Meet
Slide 6: Senior Management
Senior Management Eric Vachon, CPA Silvana Travaglini, CPA James P. Kenner President & Chief Executive Officer Senior Vice-President Senior Vice-President, 6 & Chief Financial Officer Chief Legal Officer & Corporate Secretary
Slide 7: Non-Executive Directors
Non-Executive Directors Michelle Banik Robert Coallier Sean Donnelly Anne E. Giardini Karen Laflamme Renée Laflamme Katherine A. Lehman Simon Pelletier Douglas Muzyka 7
Slide 8: Opening Remarks
Opening Remarks Katherine A. Lehman Chair of the Board of Directors 8
Slide 9: 2025 Key Highlights
2025 Key Highlights Disciplined execution | Strong foundation | Ambitious next phase of growth • 2025: A pivotal year of continuity, decisive action & meaningful progress • 25th consecutive year of sales growth • 21st consecutive year of dividend growth 9
Slide 10: Enhancing our Governance
Enhancing our Governance Sustainability Milestones • Inaugural Climate Report issued in 2025 • Progress toward 32% reduction in Scope 1 & 2 GHG emissions by 2030 Shareholder Engagement • Proactive, ongoing dialogue with existing & prospective investors • Structured outreach & transparent communicati
Slide 11: Agenda
Agenda Opening of the Meeting Chair, Secretary and Scrutineers Notice of Meeting Scrutineer’s Report Voting Consolidated Financial Statements & Independent Auditor’s Report Election of the Directors Appointment of Auditors Say on Pay Closing of the Votes Termination of the Formal Portion of the Meet
Slide 12: Election of the Directors
Election of the Directors Michelle Banik Robert Coallier Sean Donnelly Anne E. Giardini Karen Laflamme Renée Laflamme Katherine A. Lehman Simon Pelletier Douglas Muzyka Eric Vachon 12
Slide 13: Agenda
Agenda Opening of the Meeting Chair, Secretary and Scrutineers Notice of Meeting Scrutineer’s Report Voting Consolidated Financial Statements & Independent Auditor’s Report Election of the Directors Appointment of Auditors Say on Pay Closing of the Votes Termination of the Formal Portion of the Meet
Slide 14: Strategic Update
Strategic Update Eric Vachon, President & Chief Executive Officer 14
Slide 15: A Year of Decisive Action & Achievement
A Year of Decisive Action & Achievement • Sales: ~$3.5B | 25th consecutive year of top-line growth • Adjusted EBITDA(1): $623M | Margin close to 18% • Operating cash flow: $550M+ • $506M returned to shareholders over 2023–2025 — exceeding our commitment • 3,200+ employees across Canada and the Unite
Slide 16: A Vision Realized. A Foundation Strengthened.
A Vision Realized. A Foundation Strengthened.
Slide 17: Our Core Businesses - Performing with Strength
Our Core Businesses - Performing with Strength Utility Products (52% of sales) Railway Ties (24% of sales) Residential Lumber (18% of sales) • Demand acceleration in H2 2025, • Navigating evolving industry • Stable performance in a momentum into Q1 2026 landscape and competitive pressures challengin
Slide 18: Innovation, Safety & Sustainability
Innovation, Safety & Sustainability • Completed Deployment of ERP ◦ Enables data-driven decision-making enterprise-wide • AI training program launched for employees • 3rd consecutive year of declining safety incidents • Lizzie Bay Logging investment — First Nations partnership in B.C. 18
Slide 19: Looking Ahead
Looking Ahead 2026-2028 Financial Objectives(1) SALES EBITDA MARGIN (2) (1) Beginning in Q1 2026, EBITDA margin and EPS (basic and diluted) are now presented as adjusted EBITDA margin and adjusted EPS (basic and diluted). These changes do not alter the underlying objectives, which remain 17.5–18.5%
Slide 20: Financial Update
Financial Update Silvana Travaglini, Senior Vice-President & Chief Financial Officer 20
Slide 21: Financial Highlights
2025 (in millions of Canadian dollars, except per share data and margins) 2025 2024 Financial Sales 3,492 3,469 Highlights Gross Profit(1) Gross Profit Margin(1) 705 20.2% 724 20.9% Adjusted EBITDA(1) 623 633 Adjusted EBITDA Margin(1) 17.8% 18.2% Net Income 337 319 Earnings per Share (“EPS”) – Basic
Slide 22: Our Disciplined Capital Allocation Priorities
Our Disciplined Capital Allocation Priorities Strategic Growth Return to Consistent Opportunities Shareholders Dividend Approx. $260 Surpassed Q1 2026 dividend: million to acquire commitment to $0.34/share | Locweld and return $500 million +10% increase Brooks to shareholders for the 2023-2025 perio
Slide 23: Q1 2026 Financial Results
Q1 2026 (in millions of Canadian dollars, except per share data and margins) Q1-26 Q1-25 791 773 Financial Sales Gross profit(1) 155 168 Results Gross profit margin(1) 19.6% 21.7% Adjusted EBITDA(1) 136 141 Adjusted EBITDA margin(1) 17.2% 18.2% Net income 60 93 Cash flow from operating activities 47
Slide 24: The Backbone of Solid Infrastructures.
The Backbone of Solid Infrastructures.
Slide 25: Question Period
Question Period 25
Slide 26: Annual Meeting of Shareholders
Annual Meeting of Shareholders May 6, 2026
Slide 27: Investor Relations and Media Contacts
Investor Relations Media David Galison Stephanie Corrente Vice-President, Investor Relations Director, Corporate Communications dgalison@stella-jones.com scorrente@stella-jones.com stella-jones.com Proprietary and Confidential
Slide 28: Appendix
STELLA JONES fj Appendix
Slide 29: Non-GAAP and Other Financial Measures
Non-GAAP and Other Financial Measures This section includes information required by National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure in respect of “specified financial measures” (as defined therein). The below-described non-GAAP financial measures and non-GAAP ratios, as
Slide 30: Non-GAAP and Other Financial Measures (Cont'd)
Non-GAAP and Other Financial Measures (Cont'd) Adjusted operating income, adjusted operating income margin, adjusted EBITDA and adjusted EBITDA margin • Adjusted operating income: Operating income excluding gain on insurance settlement, business interruption insurance recovery, restructuring costs,
Slide 31: Non-GAAP and Other Financial Measures (Cont'd)
Non-GAAP and Other Financial Measures (Cont'd) Adjusted net income and adjusted EPS - basic and diluted • Adjusted net income: Net income excluding the following items, net of tax: gain on insurance settlement, business interruption insurance recovery, restructuring costs, impairment of assets, as w