North American Construction Group Ltd. · TSX:NOA
North American Construction — Investor Presentation (August 2026)
14 slides from North American Construction's investor presentation, August 2026
Slide 1: Investor Presentation
Investor Presentation TSX – NYSE: NOA August 2026
Slide 2: Forward-Looking Statements & Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES This presentation contains forward-looking information which reflects the current plans and This presentation presents certain non-GAAP financial measures because management expectations of North American Construction Group Ltd. (the “Company”
Slide 3: Global Leader in Mining Services
GLOBAL, DIVERSIFIED HEAVY MINING & CIVIL INFRASTRUCTURE CONTRACTOR Built to Move. Ready to Build. Since 1953. Global Leader in Mining Services Full Mine Site Operations • Planning, equipment maintenance, pre-strip • Post mine reclamation, dewatering and waste & ore handling Equipment & Operators • O
Slide 4: Diversified Global Operating Platform
DIVERSIFIED GLOBAL OPERATING PLATFORM Exposure Across Multiple Commodities, Geographies and Contract Types Mining services, 80% Australia, 75% Time & materials based, 80%‡ Metallurgical Thermal coal, 35% coal, 30% Unit-rate, 10% Contract Vertical Geography Commodity type Rentals, 5% Lithium, 5% Fixe
Slide 5: Diversified, Strong Operational Growth
DIVERSIFIED, STRONG OPERATIONAL GROWTH Valuation Multiple Lags Fundamentals and Peers – Attractive Entry Point 10x $1,800 2018 20% 9x Major revenue diversification: $1,600 2018-2025 49% stake in Nuna Group 1 (northern Canada) 8x Combined revenue CAGR 1 $1,400 adjusted EBITDA CAGR 2020 7x $1,200 DGI
Slide 6: Growth Drivers for 2026 and Beyond
GROWTH DRIVERS FOR 2026 AND BEYOND Strategic Building Blocks for Our Success Scaling Into Securing Expanding Tier 1 Contractor Infrastructure Awards Mining Services Platform in Australia Across North America in Canada and the U.S. NORTH AMERICAN CONSTRUCTION GROUP 6
Slide 7: Iron Mine Contracting Acquired
IRON MINE CONTRACTING ACQUIRED Establishing a Tier 1 Platform in the Overall Australian Market Transaction Update • Transactions closed April 7, 2026, with an economic $825M effective date of January 1, 2026 Contractual Backlog1 as of 06/30/26 Acquisition Highlights • Combining IMC & MacKellar Group
Slide 8: Scaling into Tier 1 Contractor Platform in Australia
SCALING INTO TIER 1 CONTRACTOR PLATFORM IN AUSTRALIA Perfectly Positioned to Expand in the Strategic Minerals Hub of ‘The West’ Operations Across 18 sites, operations benefit from favourable and 50% consistent operating conditions that support year-round Revenue CAGR 2020 to 2025 equipment utilizati
Slide 9: Securing Infrastructure Awards in North America
SECURING INFRASTRUCTURE AWARDS IN NORTH AMERICA Know-how and Fleet Well-Suited for Nation-building Projects Across Canada & U.S Operations • Fargo-Moorhead Flood Diversion Project earthworks portion 20% progressing as planned, reinforcing execution capabilities Of global operations (Infrastructure –
Slide 10: Expanding Mining Services in Canada and the U.S.
EXPANDING MINING SERVICES IN CANADA AND THE U.S. 70+ Years of Expertise Supports Expanding Scope Across the Continent Operations +10% Mining services span from north of the arctic circle to the Revenue CAGR heart of Texas, with over 70 years of operations in the 2020 to 2025 Canadian oil sands. One
Slide 11: 2026 Financial Outlook & Guidance
2026 FINANCIAL OUTLOOK & GUIDANCE FY 2026 Guidance Outlook • Record contractual backlog1 of $3.8 billion underpinning guidance $1.6 – 1.8B 14% 1 Combined revenue 2026 Guidance • Raised combined revenue1 midpoint to $1.7 billion from $1.6 billion based on • stronger than expected revenue in the first
Slide 12: Supplemental Information
SUPPLEMENTAL INFORMATION 12
Slide 13: Heavy Equipment Fleet
HEAVY EQUIPMENT FLEET • As of March 31, 2026 approximately 1,250 heavy equipment assets provide scale and operational flexibility • Managed on an individual asset basis and deployed with sole objective of maximum operating utilization • Below count reflects target for Canadian oil sands fleet which
Slide 14: Long-Term Contracts
LONG-TERM CONTRACTS Type Contract1 Backlog2 Queensland thermal Operations Full mine 2079 support $1.5B coal mine services Queensland metallurgical Operations Maintained 2040 support $500M coal mine rental Queensland metallurgical Operations Maintained 2037 support $370M coal mine rental Queensland m
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