Martinrea International Inc. · TSX:MRE
Martinrea International — Investor Presentation (March 2026)
63 slides from Martinrea International's investor presentation, March 2026
Slide 1: Investor Presentation March 2026
INVESTOR PRESENTATION MARCH 2026
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: Why Invest in Martinrea?
WHY INVEST IN MARTINREA? Our financial metrics Our approach to capital are among the best in Our stock is Our innovative allocation adds value our industry. undervalued based on approach to process, and is shareholder standard valuation products, and investing friendly. metrics. is leading edge. • A
Slide 4: 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 5: 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 6: Industry Overview
INDUSTRY OVERVIEW www.martinrea.com | 6
Slide 7: US Light Vehicle Sales (SAAR)
US LIGHT VEHICLE SALES (SAAR) U.S. auto sales improved in February, following a softer January, which was impacted in part by weather- related disruptions U.S. Light Vehicle Sales (SAAR) 20 15.6M UNITS Q4 2025 average Millions of Units 15 10 5 15.8M UNITS Jan-2017 Jan-2018 Jan-2019 Jan-2020 Jan-2021
Slide 8: Business Overview
BUSINESS OVERVIEW www.martinrea.com | 8
Slide 9: 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 10: 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 11: Our Culture Is a Competitive Advantage
OUR CULTURE IS A COMPETITIVE ADVANTAGE www.martinrea.com | 11
Slide 12: 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. www.martinrea.com | 12
Slide 13: Company Journey
COMPANY JOURNEY Royal Laser Acquires plant Acquires SKD Acquires Acquisition of structural Acquires assets from Oxford Automotive majority of components for of Lyseon North Automotive Honsel passenger cars buisness America Inc. of Metalsa S.A. de C.V. Acquires Rea Acquires Depco Acquires Investments
Slide 14: Our Products and Capabilities
OUR PRODUCTS AND CAPABILITIES Assembly Body-in-White and Chassis Powertrain Fluids Industrial www.martinrea.com | 14
Slide 15: Competitive Landscape
COMPETITIVE LANDSCAPE FLUID MANAGEMENT STEEL METAL FORMING SYSTEMS ALUMINUM COMPONENTS PRIMARY OTHER www.martinrea.com | 15
Slide 16: Our Financial Metrics Are Among the Best in Our Industry
OUR FINANCIAL METRICS ARE AMONG THE BEST IN OUR INDUSTRY LTM Adjusted Operating Income / Adjusted EBIT LTM Free Cash Flow (as a % of Sales) as of Q4 Margin as of Q4 2025 2025 8.0% 7.4% 12.0% 5.6% 10.0% 8.8% 6.0% 5.6% 4.9% 4.8% 8.0% 4.1% 4.1% 4.0% 4.0% 6.0% 4.5% 4.1% 4.0% 3.5% 4.0% 2.9% 2.0% 2.0% 0.6
Slide 17: www.martinrea.com | 17
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Slide 18: Martinrea 2.0 Framework
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 19: 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 20: Process Innovation
PROCESS INNOVATION www.martinrea.com | 20
Slide 21: 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 www.martinrea.com |
Slide 22: Martinrea Flexible Build Process
MARTINREA FLEXIBLE BUILD PROCESS Demand up 40% Less Capital 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 23: Product Innovation
PRODUCT INNOVATION www.martinrea.com | 23
Slide 24: 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 25: Martinrea's Portfolio
MARTINREA’S PORTFOLIO LIGHTWEIGHT STRUCTURES PROPULSION SYSTEMS FLEXIBLE MANUFACTURING www.martinrea.com | 25
Slide 26: 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 27: 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 www.martinrea.com | 27
Slide 28: 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 29: 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 www.martinre
Slide 30: Innovation Is Core to Our Culture
INNOVATION IS CORE TO OUR CULTURE IDEA RESEARCH Martinrea Technical Center DEVELOP TESTING ANALYSIS INTRO www.martinrea.com | 30
Slide 31: Whatever the Future Holds, Martinrea Will Be a Leader
WHATEVER THE FUTURE HOLDS, MARTINREA WILL BE A LEADER ELECTRIFIED CONNECTED SHARED AUTONOMOUS www.martinrea.com | 31
Slide 32: A Closer Look at EV Transition
A CLOSER LOOK AT EV TRANSITION www.martinrea.com | 32
Slide 33: Addressable Content per Vehicle
ADDRESSABLE CONTENT PER VEHICLE Martinrea is well-positioned for any mix of vehicles and propulsion types www.martinrea.com | 33
Slide 34: Martinrea Innovation Development (MiND)
MARTINREA INNOVATION DEVELOPMENT (MiND) •Incubate, develop and fund innovative PURPOSE technologies that are strategic to Martinrea’s portfolio • Manufacturing support PARTNERS • Product development • Supply chain management • Other functional disciplines MiND • NanoXplore – 22.5% equity interest IN
Slide 35: Effenco Hybrid Electric System
Effenco® designs, manufactures and markets ultracapacitor systems, • The Effenco® Hybrid electric system is focused on which reduces: the 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 36: Effenco Hybrid, Hybrid S and E-ZEV
Developed Hybrid-S version of the Effenco system utilizing Superbatteries, offering a step change in emission reductions Eff enco’s a nswer to the industry is a n evolution of its current product to crea te a Zero Emission Vehicle perf ectly ta ilored f or the hea vy-duty voca tiona l ma rket Hybrid
Slide 37: MiNDCAN Software
• 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 38: Equispheres Investment
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 39: Sustainability
SUSTAINABILITY www.martinrea.com | 39
Slide 40: 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 41: Our Sustainability Journey
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 42: Our Sustainability Journey
OUR SUSTAINABILITY JOURNEY Download the 2025 Sustainability Report at www.martinrea.com Available March 9 www.martinrea.com | 42
Slide 43: Total Recordable Injury Frequency (TRIF)
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 TOTAL RECORDABLE INJURY FREQUENCY (TRIF) 8.0 8.48 7.0
Slide 44: 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 45: 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 46: Financials
FINANCIALS www.martinrea.com | 46
Slide 47: 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 4,758 277 4,822 4,500-4,900 shortages 211 302 4,500 In Millions (CAD) 3,968
Slide 48: Top North American Platforms
TOP 10 NORTH AMERICAN PLATFORMS General Motors T1XX Toyota GA-F Silverado/HD, Sierra/HD, Tahoe, 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 49: 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 50: Adjusted Operating Income Margin
ADJUSTED OPERATING INCOME MARGIN Decrease due to the impact of 9% the UAW-GM strike and higher tooling sales 8% 7.8% 7.5% Recovery of inflationary cost and ADJUSTED OPERATING INCOME MARGIN % 7% EV volume shortfall impact Driven by COVID-19 6.5%-7.0% through commercial activity. 6.4% pandemic and 6%
Slide 51: Adjusted Net Earnings per Share
ADJUSTED NET EARNINGS PER SHARE EPS supported by share Driven by 250 Decrease due to the impact $2.50 repurchases in 2018, 2019, slow ramp- of the UAW-GM strike 2023, 2024, and 2025. $2.27 up of EVs $2.25 $2.22 $2.22 and OEM inventory Driven by $1.91 correction 200 COVID-19 $2.00 in Q4 2024. 193 pan
Slide 52: Cash Flow
CASH FLOW OPERATING CASH FLOW - BEFORE CHANGES IN WORKING CAPITAL ($ MILLIONS) Decrease driven by COVID- 19 pandemic and related $800 supply shortages FREE CASH FLOW ($ MILLIONS) $600 $250 $608 $400 $508 $524 $200 $461 $433 $430 $406 $195 $199 $348 $358 $321 $184 $200 $308 $259 $150 $125-$175 $0 $10
Slide 53: Q4 2025 Update
Q4 2025 UPDATE www.martinrea.com | 53
Slide 54: Status of Operations
STATUS OF OPERATIONS • We are executing well, driving results through: – Operating improvements on the shop floor – Leveraging investments in AI/machine learning – Recovery of costs related to tariffs and EV volume shortfalls through commercial settlements • Continued strong results in North America
Slide 55: Year-over-Year Comparison
YEAR-OVER-YEAR COMPARISON Q4 2025 results were up year over year on better sales and margins; Q4 2024 impacted by North American OEM inventory shortage In Canadian Dollars Q4 2025 Q4 2024 Production sales were up 7% year over year, or 6% Production Sales $1,126.7M $1,048.6M organically, excluding th
Slide 56: Balance Sheet
BALANCE SHEET NET DEBT - Excluding IFRS-16 ($ Millions) $1,000.0 Q4 2025 net debt (excluding IFRS-16 lease $900.0 liabilities) decreased by approximately $73 $800.0 million compared to Q3 2025, reflecting the $908.7 $955.9 $937.4 $889.2 strong Free Cash Flow generation during the $857.7 $856.5 $852.
Slide 57: 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% 5.6% INCOME MARGIN TOTAL SALES $4.5-$4.9B $4.822B Outlook excludes
Slide 58: 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 | 58
Slide 59: 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 60: 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 61: 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 62: 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 63: 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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