Martinrea International Inc. · TSX:MRE
Martinrea International — Investor Presentation (May 2026)
66 slides from Martinrea International's investor presentation, May 2026
Slide 1: Investor Presentation May 2026
INVESTOR PRESENTATION MAY 2026 ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”), including, but not limited to, statements relating to the Company’s beliefs or views or expectations of, improvements in, expansion of and
Slide 3: About Our Company
ABOUT OUR COMPANY • Leading Tier One automotive supplier in lightweight structures and propulsion systems • One of the fastest growing automotive parts suppliers since 2001 • Operating in 57 locations (including sales and engineering centers) in 10 countries: Canada, United States, Mexico, Brazil, G
Slide 4: Vision, Mission & Principles
VISION, MISSION & PRINCIPLES Vision 10 Guiding Principles Making lives better by being the best supplier we can be in Our success will be based on the execution of our the products we make and the services we provide. guiding principles, applied with integrity, in all that we do: Mission We make peo
Slide 5: Our Culture is a Competitive Advantage
OUR CULTURE IS A COMPETITIVE ADVANTAGE ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 5
Slide 6: We Are a Great Operator
WE ARE A GREAT OPERATOR Our Plants are World-Class Relentless Focus on Innovation • Margin profile at the upper end of our peer group. • Advanced Manufacturing Team (AMT) making progress with • Industry-leading safety record. machine learning installations. • Continued strong employee survey results
Slide 7: Martinrea – 2014 vs. Today
MARTINREA – 2014 VS. TODAY Martinrea 2014 Martinrea Today Grew sales over 30% and Adjusted Oeprating Income more than 80% since LTM Total Sales $3,598.6M $4,779.0MM 2014 LTM Adjusted Operating Income $147.7M $267.8M Adjusted Operating Income Margin 4.1% 5.6% Adjusted Operating Income Margin LTM Adju
Slide 8: Significant Embedded Value
SIGNIFICANT EMBEDDED VALUE EV/NTM EBITDA 7.0x EV/Next 12 Months EBITDA 6.0x Trading at a substantial discount vs. pre-pandemic average despite 5.0x significantly higher Free Cash Flow and lower debt Metrics. 4.0x Pre-Covid Average = 4.0x 3.0x 2.0x 3.50 3.00 3.11x 2.50 2.00 2.37x 2.16x 2.11x 1.89x 1.
Slide 9: Our Financial Metrics Are Favourable Relative to Peers
OUR FINANCIAL METRICS ARE FAVOURABLE RELATIVE TO PEERS LTM Adjusted Operating Income / Adjusted LTM Free Cash Flow (as a % of Sales) as of Q1 EBIT Margin as of Q1 2026 2026 8.0% 10.0% 9.8% 8.0% 7.8% 6.0% 6.0% 6.1% 6.1% 4.0% 4.0% 5.6% 4.0% 5.1% 2.0% 3.0% 4.8% 2.6% 4.3% 1.8% 3.8% 0.0% 2.0% -1.6% 3.3%
Slide 10: 2025 Highlights
2025 HIGHLIGHTS Safety continues to be world Generated $199.0M in Free Continued to invest in the class – Total Recordable Injury Cash Flow, a new record for business - ~$238 million in Frequency (TRIF) of 0.71 the Company capital expenditures Maintained a strong balance Resumed share buybacks Adjus
Slide 11: 2025 Highlights
2025 HIGHLIGHTS Won multiple supplier awards: Advanced Manufacturing Acquired shares (10% equity Team making progress with stake) in Polyalgorithm machine learning installations Machine Learning Inc. across our plant network (PolyML), a provider of AI machine learning solutions used by Martinrea for
Slide 12: Industry Overview
INDUSTRY OVERVIEW ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 12
Slide 13: US Light Vehicle Sales (SAAR)
US LIGHT VEHICLE SALES (SAAR) U.S. auto sales have rebounded from a soft start to the year, which was impacted in part by weather- related disruptions in January U.S. Light Vehicle Sales (SAAR) 15.6M UNITS 20 15 Q1 2026 average Millions of Units 15.9M UNITS 10 5 April 2026 ©2025 Martinrea Internatio
Slide 14: Business Overview
BUSINESS OVERVIEW ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 14
Slide 15: Global Presence
GLOBAL PRESENCE Our footprint is global, though heavily weighted to North America (~75% of sales), which is a positive in the current geopolitical environment. GERMANY CANADA SLOVAKIA CHINA UNITED STATES SPAIN JAPAN MEXICO BRAZIL SOUTH AFRICA ©2025 Martinrea International Inc. | Do Not Copy or Distr
Slide 16: Company Journey
COMPANY JOURNEY Acquires Royal Laser Acquires plant from Acquires SKD Acquisition of structural Acquires assets balance of Oxford Automotive Automotive components for of Lyseon North Honsel passenger cars buisness America Inc. of Metalsa S.A. de C.V. Acquires Rea International Acquires Depco Investm
Slide 17: Our Products and Capabilities
OUR PRODUCTS AND CAPABILITIES Assembly Body-in-White and Chassis Powertrain Fluids Industrial ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 17
Slide 18: Competitive Landscape
COMPETITIVE LANDSCAPE FLUID MANAGEMENT STEEL METAL FORMING SYSTEMS ALUMINUM COMPONENTS PRIMARY OTHER ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 18
Slide 19: www.martinrea.com | 19
©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 19
Slide 20: Martinrea 2.0
Martinrea 2.0 is the framework to be a great company… diverse people and groups working together toward a single vision. • Fostering principles-based leadership • Promoting positive behaviours • Creating a strong lean culture COMPANY • Implementing best practices BUSINESS UNIT Deployment High Financ
Slide 21: Martinrea Operating System
MARTINREA OPERATING SYSTEM Martinrea Operating System initiatives enabled us to double our Adjusted Operating Income Margin over a five-year period from 2014 to 2019 The Way We Think Pride Kills Continuous Improvement Develop Our People • Learn to unlearn • Pride for our people, not for our practice
Slide 22: Process Innovation
PROCESS INNOVATION ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 22
Slide 23: The Way We Produce
THE WAY WE PRODUCE Past New Typical Material Flow High Frequency Delivery Inefficient Material Flow Efficient Material Flow: Requiring: • Eliminates waste • Higher headcount • Minimizes logistics: • More floor space • Requires 18% less headcount • More WIP • 20% Less floor space ©2025 Martinrea Inte
Slide 24: Martinrea Flexible Build Process
MARTINREA FLEXIBLE BUILD PROCESS Demand 40% Less Capital Up 18% Less Labour 20% Less Space Demand Down Flex Labour with Volume: No Flex labour with Volume: Yes Lifespan: 6 Years Lifespan: 12+ Years Tooling change-over: 4 weeks Tooling change-over: 30 Minutes Service part Capability: None Service par
Slide 25: Product Innovation
PRODUCT INNOVATION ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 25
Slide 26: Project Breakthrough
Launched in 2019, Project Breakthrough target was to: • Grow revenue and margins by providing engineered products with higher value-added content to our customers o More multi-material content to further lightweight o Create reliable product engineering source to our customers • Create long-term dee
Slide 27: Martinrea's Portfolio
MARTINREA’S PORTFOLIO LIGHTWEIGHT STRUCTURES PROPULSION SYSTEMS FLEXIBLE MANUFACTURING ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 27
Slide 28: Our Breakthrough Progress
OUR BREAKTHROUGH PROGRESS FRONT AND REAR SUB-FRAMES FRONT RAIL ASSEMBLY • Fully responsible for design, development and validation • Hydro-formed upper tail • Multi-material front subframe • Aluminum high-pressure die cast shock • Low-pressure die cast hollow aluminum rear tower • Structured for opt
Slide 29: Brake Lines with GrapheneGuard
BRAKE LINES WITH ® GRAPHENEGUARD Named 2022 Automotive News PACE Award winner • High-performance brake line coating with graphene • Industry leading abrasion protection • Provides up to 25% weight savings • Improved chemical resistance and high temperature performance ©2025 Martinrea International I
Slide 30: Customer Awards
‘25 General Motors Supplier Quality Excellence CUSTOMER AWARDS ‘25 Caterpillar Supplier Excellence Recognition ‘25 General Motors Supplier of the Year ‘25 Nissan Supplier Props ‘25 Volvo Quality Excellence ’24/25 ZF Supplier Performance ‘24 Tremec Collaboration ’23/24 Nissan Supplier Diversity ’23/2
Slide 31: Industry Awards
INDUSTRY AWARDS ’25 Newsweek Canada’s Most Responsible Company ’25 AWAF Change Champion Award ’25 MEMA Workplace Excellence Award ‘25 Reuters Automotive D.R.I.V.E Awards: DEI ‘25 INA Awards: Tier One Supplier of the Year ‘24 APEX Award for Publication Excellence ‘22 Automotive News PACE ©2025 Martin
Slide 32: Innovation is Core to Our Culture
INNOVATION IS CORE TO OUR CULTURE IDEA Martinrea Technical Center RESEARCH DEVELOP TESTING ANALYSIS INTRO ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 32
Slide 33: Whatever the Future Holds, Martinrea Will Be a Leader
WHATEVER THE FUTURE HOLDS, MARTINREA WILL BE A LEADER ELECTRIFIED CONNECTED SHARED AUTONOMOUS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 33
Slide 34: A Closer Look at EV Transition
A CLOSER LOOK AT EV TRANSITION ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 34
Slide 35: Addressable Content Per Vehicle
ADDRESSABLE CONTENT PER VEHICLE Martinrea is well-positioned for any mix of vehicles and propulsion types ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 35
Slide 36: Martinrea Innovation Development (MiND)
MARTINREA INNOVATION DEVELOPMENT (MiND) •Incubate, develop and fund PURPOSE innovative technologies that are strategic to Martinrea’s portfolio • Manufacturing support • Product development PARTNERS • Supply chain management • Other functional disciplines • NanoXplore – 22.5% equity interest MiND •
Slide 37: Effenco Hybrid Electric System
Effenco® designs, manufactures and markets ultracapacitor systems, • The Effenco® Hybrid electric system is focused on the which reduces: heavy-duty vocational truck market. • Effenco® is a Global Cleantech 100 company and a global technology leader in the innovative use of Greenhouse Gas Emissions
Slide 38: Effenco Hybrid, Hybrid S and E-ZEV
Developed Hybrid-S version of the Effenco system utilizing Superbatteries, offering a step change in emission reductions Effenco’s answer to the industry is an evolution of its current product to create a Zero Emission Vehicle perfectly tailored for the heavy-duty vocational market Hybrid Hybrid S E
Slide 39: MiNDCAN
• MiNDCAN provides specialized software that meets the unique needs of complex organizations. • The flagship product is Profit+, an enterprise-wide collaborative platform for cost optimization. • Other modules cover program management, sustainability reporting, and customer relationship management.
Slide 40: Equispheres
Private company developing Equispheres’ powder enables Equispheres’ high-performance technologies for the production printing speeds up to nine times powders have the potential to of advanced materials, including faster than industry standards. enhance design flexibility, high-performance aluminum i
Slide 41: Sustainability
SUSTAINABILITY ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 41
Slide 42: What Sustainability Means to Martinrea
WHAT SUSTAINABILITY MEANS TO MARTINREA Providing superior long- term investment returns to our stakeholders to Delivering outstanding ensure the future of the quality products and services company that contribute to the safety, Being positive contributors lightweighting, and responsible to our commu
Slide 43: Our Sustainability Journey: Protecting the Environment
OUR SUSTAINABILITY JOURNEY Protecting the Environment Environmental Energy Carbon Waste Zero Landfill Management Efficiency Emissions Reduction Initiative Systems 27% 25% 61% 88% 100% Energy intensity Absolute carbon Reduced waste to of Martinrea facilities All Martinrea’s has reduced by emissions h
Slide 44: Our Sustainability Journey
OUR SUSTAINABILITY JOURNEY Download the 2025 Sustainability Report at www.martinrea.com Available March 9 ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 44
Slide 45: Our Sustainability Journey: Safety
OUR SUSTAINABILITY JOURNEY Safety Martinrea achieved a Total Recordable Injury Frequency (TRIF) of 0.71 in 2024, well below the industry average Martinrea's Company-Wide Safety Performance 9.0 (# OF RECORDABLE INJURIES PER MONTH X 200,000 / TOTAL HOURS 8.0 8.48 TOTAL RECORDABLE INJURY FREQUENCY (TRI
Slide 46: Our Sustainability Journey: Diversity, Equity and Inclusion
OUR SUSTAINABILITY JOURNEY Diversity, Equity and Inclusion • Women comprise 27% of Martinrea’s workforce and 20% of management and above positions • 33% of our Board of Directors is female • Employee Resource Groups (ERGs): MindsMatter is an Employee Young Professionals (YoPro) is Women at Martinrea
Slide 47: Our Sustainability Journey: Community Involvement
OUR SUSTAINABILITY JOURNEY Community Involvement • Martinrea is committed to our mission of “Making People's Lives Better,” not just in our locations but also in the communities in which we operate. • Martinrea launched the Making People’s Lives Better (MPLB) platform which documents efforts ranging
Slide 48: Financials
FINANCIALS ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 48
Slide 49: Sales
SALES 5,500 Assembly business changed to a 5,340 5,300-5,500 purchased component consignment Driven by model resulting in decrease in 2017 COVID-19 pandemic 430 5,014 5,000 despite same level of production and related supply 4,822 4,758 277 4,500-4,900 shortages 211 302 4,500 In Millions (CAD) 3,968
Slide 50: Top North American Platforms
TOP 10 NORTH AMERICAN PLATFORMS General Motors T1XX Silverado/HD, Sierra/HD, Tahoe, Toyota GA-F Tacoma, Tundra, Sequoia Yukon/XL, Suburban, Escalade Ford T3 Ford C2/GE1 F-150, F-150 Lightning, F-250/350, Maverick, Bronco Sport, Mach-E Navigator, Expedition Stellantis DS/DJ General Motors D2XX-2 Jeep
Slide 51: 2025 New Business Awards
2025 NEW BUSINESS AWARDS LIGHTWEIGHT STRUCTURES PROPULSION SYSTEMS FLEXIBLE MANUFACTURING GROUP $269M In Annualized Sales $33M In Annualized Sales $38M In Annualized Sales 2025-2028 Start of Production 2026 - 2028 Start of Production 2025 - 2027 Start of Production TOTAL AWARDS FOR 2025 $340M In Ann
Slide 52: Sales by Customer
SALES BY CUSTOMER 2018 Actual Sales 2026 Budgeted Sales 19% 15% 4% 9% 11% 14% 71% 59% NA OEMS German OEMS Japan OEMS Other NA OEMS German OEMS Japan OEMS Other ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 52
Slide 53: Adjusted Operating Income Margin %
ADJUSTED OPERATING INCOME MARGIN 9% Decrease due to the impact of the UAW-GM strike and higher tooling sales 8% 7.8% 7.5% Recovery of inflationary cost ADJUSTED OPERATING INCOME MARGIN % 7% and EV volume shortfall impact Driven by COVID- 6.5%-7.0% 6.4% through commercial activity. 6% 19 pandemic and
Slide 54: Adjusted Net Earnings Per Share
ADJUSTED NET EARNINGS PER SHARE EPS supported by share Driven by Decrease due to the impact 250 repurchases in 2018, 2019, 2023, slow ramp- $2.50 of the UAW-GM strike 2024, and 2025. $2.27 up of EVs $2.25 $2.22 $2.22 and OEM inventory Driven by correction 200 $1.91 COVID-19 $2.00 in Q4 2024. pandemi
Slide 55: Strong Cash Generation Fueling Capital Returns
STRONG CASH GENERATION FUELING CAPITAL RETURNS FREE CASH FLOW NET DEBT TO LTM ADJUSTED EBITDA Excluding IFRS-16 Lease Payments ($ Millions) 3.50 $225 3.00 3.11x $175 $195 $199 2.50 $184 $125 $125-175 2.00 2.11x 1.95x $115 1.50 $75 1.64x 1.60x 1.41x 1.40x 1.47x 1.50x 1.50x 1.00 1.35x $62 $25 $49 0.50
Slide 56: Q1 2026 Update
Q1 2026 UPDATE ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 56
Slide 57: Status of Operations
STATUS OF OPERATIONS • Continued strong operational execution, driven by: – Operating improvements on the shop floor – Leveraging investments in AI/machine learning – Continued commercial settlements to recover costs from tariffs and EV volume shortfalls • North America continues to be the growth an
Slide 58: Year-over-Year Comparison
YEAR-OVER-YEAR COMPARISON Q1 2026 results were consistent year over year, as modestly lower production sales were offset by better margins. Q1 results improved quarter over quarter vs. Q4 2025. In Canadian Dollars Q1 2026 Q1 2025 Production sales were down 4% year over year, largely Production Sales
Slide 59: 2026 Outlook
2026 OUTLOOK 2026F 2025A FREE CASH FLOW $125-$175M $199.0M (before IFRS 16 lease payments) ($70-$120M after IFRS-16 lease payments) ($142.1 after IFRS-16 lease payments) CAPEX Approximately $300M $237.7M ADJUSTED OPERATING 5.5%-6.0% INCOME MARGIN 5.6% TOTAL SALES $4.5-$4.9B $4.822B Outlook excludes
Slide 60: 2028 Outlook
2028 OUTLOOK TOTAL SALES $5.3-$5.5B ADJUSTED OPERATING INCOME MARGIN 6.5%-7.0% ©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 60
Slide 61: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK Invest to Maintain and Maintain Strong Return Capital to Grow Our Business Balance Sheet Shareholders • Organic opportunities • Targeted Net Debt/Adjusted • Repurchase shares with • Invest in R&D and new products EBITDA ratio of ~1.5x or better excess liquidity (at the •
Slide 62: Free Cash Flow Deployment
FREE CASH FLOW DEPLOYMENT Over the last three years, we generated close to $600 million in Free Cash Flow, reduced net debt by over $200 million, and repurchased approximately $100 million of our shares, representing 12% of the Company’s equity. 3-Year Cumulative FCF Deployment (2023-2025) $600 $500
Slide 63: Biographies
BIOGRAPHIES Pat D’Eramo joined Martinrea International Inc. as President and Chief Executive Officer in November 2014 and was elected to the Board of Directors in June 2015. D’Eramo has a long and successful career in the automotive business, with extensive metalforming and parts manufacturing exper
Slide 64: Biographies
BIOGRAPHIES Rob Wildeboer is the Executive Chairman and co-founder of Martinrea International Inc. He brings a deep and intricate knowledge of the Company’s culture, key personnel, strategy, history and development, and relationships with key constituencies such as capital providers and governments,
Slide 65: Biographies
BIOGRAPHIES Fred Di Tosto joined Martinrea International Inc. as Vice President of Finance in June of 2010 and then became the Company’s Chief Financial Officer (CFO) in March of 2011. As of January 2024, Di Tosto took on the role of President. Effective July 1st, 2024, Di Tosto transitioned from Pr
Slide 66: Biographies
BIOGRAPHIES Peter Cirulis was appointed on July 1, 2024, as Chief Financial Officer of Martinrea, reporting to Pat D’Eramo, Chief Executive Officer and to the Company’s Board of Directors. In this position, Peter brings nearly 30 years of international automotive experience in finance, strategy, ope
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