Finning International Inc. · TSX:FTT
Finning International — Investor Presentation (March 2026)
16 slides from Finning International's investor presentation, Mar 9, 2026
Slide 1: Finning March 2026 Investor Presentation
Finning March 2026 Investor Presentation ▪ See slides 15 and 16 for important information on forward-looking information, currency, and specified financial measures, including non-GAAP financial measures ▪ Unless otherwise noted, all figures presented are for continuing operations; please refer to Q
Slide 2: Finning Overview
Finning Overview Finning is the largest Caterpillar dealer and is diversified by geography, customer base, product, and sector South America YT NU 38% of Revenue (1) UK & Ireland NWT Canada 49% of Revenue (1) Bolivia 13% of Revenue (1) BC AB Chile SK Argentina Ireland United Kingdom Technicians ~6,0
Slide 3: 2023 Investor Day Update – Key Metrics
2023 Investor Day Update – Key Metrics (1) 2023 Investor Day Target 2025 Annual Update 5% Product Support Product Support Revenue $C billions Revenue CAGR $5.9 Revenue CAGR >7% $5.2 LTM Q2-23 vs 2025 Product LTM Q2-23 to 2025 Note: Product support Consolidated CAGR guidance was Support withdrawn in
Slide 4: Strategy Execution is Resulting in Improved Earnings Power
Strategy Execution is Resulting in Improved Earnings Power Driving Product Support… … + Full Cycle Resilience… …Leading to Earnings Growth Product Support Revenue SG&A Margin (1) Adjusted Earnings Per Share (1) In CAD billions $5.9 21.0% $4.12 20.3% $3.77 $3.61 $5.4 $5.5 19.0% $3.14 $4.6 18.3% 18.3%
Slide 5: Improved Earnings and Capital Efficiency Driving ROIC
Improved Earnings and Capital Efficiency Driving ROIC Long-Term EBIT Growth… ... + Capital Efficiency Focus …Sustainably Higher ROIC Adjusted EBIT and Adjusted EBIT% (1,2) Invested Capital Turnover (1,2) Adjusted Return on Invested Capital (2) In CAD millions 9.8% 9.2% 8.3% 8.2% 2.34x 20.7% 8.0% 19.
Slide 6: Balanced and Consistent Approach to Shareholder Returns and Leverage
Balanced and Consistent Approach to Shareholder Returns and Leverage Share Repurchases Consistent Dividend Growth Strong Balance Sheet Weighted Average Shares Outstanding Annual Dividend Net Debt to Adjusted EBITDA (1) In millions $1.1825 162.3 161.1 1.8x $1.075 1.7x 154.7 1.6x $0.986 1.4x 147.5 $0.
Slide 7: Reduced Cyclicality: Transformed Finning Business Coupled with Stable End Markets
Reduced Cyclicality: Transformed Finning Business Coupled with Stable End Markets Canada Oil Sands Mining Industry Capex (1) Chile Mining Industry Capex (4) Country Level Product Support Revenue Mix 45 % 55 % 60 % 51 % 68 % 63 % 2010-2014 2015-2020 2021-2025 2010-2014 2015-2020 2021-2025 (Average) B
Slide 8: Key End Markets – Power & Energy Overview
Key End Markets – Power & Energy Overview 2025 Power & Energy Revenue Other ✓ Well-diversified power & ~30% Used&Rental energy business Product Support 6% 46% ✓ Uniquely positioned and Segment strongly aligned with ~$1.3B Breakdown Caterpillar to capture growth opportunities (1) Oil&Gas Electic Powe
Slide 9: Long-Term Growth Opportunities
Long-Term Growth Opportunities (1) Western Canada South America ▪ 5 projects in Western Canada referred to Chile Copper Mining Major Project Office “Canada’s new government is making bold ▪ North Coast Transmission Line to choices to grow our economy stronger than ever 2025 Production (5) Proposed I
Slide 10: Key Business Drivers – Canada Mining
Key Business Drivers – Canada Mining Oil Sands Market Fundamentals Mining Business Overview Oil Sands Mined Ore Volume (1) As at Dec 31, 2025 # of Active Units CAT 797 Truck Population Ultra-Class ~1,790 Million Tonnes Cumulative Trucks in Service 1,029 1,012 & Large Mining Trucks 980 450 798, 797,
Slide 11: Western Canada – New Projects
Western Canada – New Projects (1,2) Selected Potential Greenfield Mining Projects (2) Selected Potential Large Scale Energy Projects (2) ➢ KSM (Gold-Copper) ➢ Kudz ze Kayah (Copper-Zinc) ▪ Expected annual production of ➢ NW Coast Pipeline ➢ Ksi Lisim LNG ▪ World’s largest undeveloped gold/copper pro
Slide 12: Key Business Drivers – Chile Mining
Key Business Drivers – Chile Mining Copper Market Fundamentals Industry Investment Outlook (2,3) Chile Copper Ore Grade (1) CAT 798 | 794 Chile Mining Capital Investment Breakdown of Total Investment $US billions Electric Drive Truck Population 104.5 ~90% Weighted Average Cumulative Trucks in Servic
Slide 13: Potential for Significant Growth in Argentina
Potential for Significant Growth in Argentina (1) Overview Selected Key Mining and Energy RIGI Projects (2,3) Optimism for improving political and economic ➢ Taca Taca ➢ Rincon Lithium environment with increased activity levels 1 ▪ US$5.2B project with 2Bt of 5 ▪ US$2.7B lithium mining ▪ IMF 48-mont
Slide 14: Capital Allocation Priorities – Value Creation Focus
Capital Allocation Priorities – Value Creation Focus (1) Philosophy Allocate capital to maximize the Balanced and thoughtful approach Consistent approach to provide discounted cash flow per share of to prioritize both organic growth stability and resiliency to our our business and shareholders retur
Slide 15: Disclosures
Disclosures Forward-looking information This presentation includes “forward-looking information” (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections that we believe are reasonable as of the date of this presentation, but may ultimately
Slide 16: Disclosures
Disclosures Currency Monetary amounts referred to in this presentation are in Canadian dollars unless noted otherwise. All variances and ratios in this presentation are based on the functional currency of each operation (Canada: CAD, South America: USD, UK & Ireland: GBP). These variances and ratios
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