Slides
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TUPY 2Q26 Results ▼ TUPY TUPY3 NOVO MERCADO
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2 INVESTOR RELATIONS AGENDA CEO’s First 60 Days – Insights and Priorities 2Q26 Results Markets: Industry Overview and Opportunities Outlook
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3 INVESTOR RELATIONS AGENDA CEO’s First 60 Days – Insights and Priorities 2Q26 Results Markets: Industry Overview and Opportunities Outlook IN FOCUS
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4 INVESTOR RELATIONS 1 2 3 MANAGEMENT PILLARS: PROFITABLE GROWTH AND FINANCIAL DISCIPLINE 4 Operational Efficiency Profitability, quality and predictability Asset Portfolio Optimization Appropriate return on capital Automation with Proven Returns Deployment in critical processes Value Creation Disciplined growth, margin expansion, and economic value creation
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5 INVESTOR RELATIONS INTERNAL INITIATIVES: A LEVER FOR VALUE CREATION Capturing opportunities under management’s control 1S26 R$ 40 million FY2026E R$ 100 million 1S26 R$ 23 million FY 2026E R$ 140 million INDUSTRIAL FOOTPRINT OPTIMIZATION QUALITY, MAINTENANCE AND PRODUCTIVITY
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6 INVESTOR RELATIONS AGENDA CEO’s First 60 Days – Insights and Priorities 2Q26 Results Markets: Industry Overview and Opportunities Outlook IN FOCUS
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7 INVESTOR RELATIONS Source [% Revenue] Segments [% Revenue] 42% LatAm 3% Others 17% Europe 8% Distribution 86% Structural Components & Manufacturing Contracts 6% Energy & Decarbonization 38% North America 60% FM 40% DM 2Q25 LTM 2Q26 LTM 10,372 9,364 -10% 2Q25 3Q25 4Q25 1Q26 2,627 2,399 2,183 2,306 2Q26 2,475 -6% REVENUE [M BRL]
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8 INVESTOR RELATIONS STRUCTURAL COMPONENTS & MANUFACTURING CONTRACTS 2Q25 2Q26 803 690 -14% 2Q25 2Q26 1,423 1,438 +1% Domestic Market Foreign Market 96% Of Revenues 70% Of Revenues Revenue was impacted by weaker demand in Brazil and unfavorable FX effects, partially offset by stronger International volumes and a richer product mix [M BRL] [M BRL] Revenues 45%* Manufacturing Contracts *Percentage of value-added products (Machining and/or Assembly)
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9 INVESTOR RELATIONS ENERGY & DECARBONIZATION Domestic Market Foreign Market Lower gensets sales, partially offset by higher sales of proprietary engines 2Q25 2Q26 176 135 -23% 2Q25 2Q26 16 23 +38% 14% Of Revenues 2% Of Revenues [M BRL] [M BRL]
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10 INVESTOR RELATIONS AFTERMARKET Domestic Market Foreign Market Performance was affected by elevated distributor inventory levels, partially offset by new product launches 2Q25 2Q26 112 110 -2% 2Q26 22 2Q25 28 -22% 11% Of Revenues 1% Of Revenues [M BRL] [M BRL]
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11 INVESTOR RELATIONS 59%24% 7% 4%4% 2% Raw material Labor, profit sharing, and social benefits Maintenance supplies Energy Depreciation Others COGS BREAKDOWN [%] 2,176M BRL-3.8% 12.1 %13.9 %Gross Margin -180pp COGS 236 M BRL250 M BRL -5.6%SG&A 2,262M BRL 2Q262Q25 OPERATING COSTS AND EXPENSES [M BRL] Impact of lower production volumes, resulting in reduced fixed-cost absorption OperatingExpenses[ M BRL] Lower freight expenses, currency appreciation and efficiency gains 2Q25 2Q26 250 236 -5,6%
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12 INVESTOR RELATIONS Adjusted EBITDA Net Profit 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q25 LTM 2Q26 LTM 338 252 247 210 165 39 99 1.048 458 2Q26 156 12.2 10.1 10.0 8.0 6.9 1.8 4.3 10.1 4.96.3 % Adj EBITDA Margin 1.8 -3.9 -0.5 0.9 -1.7 -28.7 -4.1 -0.3 -8.2-0.4 % Net Margin ADJUSTED EBITDA & NET INCOME [M BRL] 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q25 LTM 2Q26 LTM 50 24 -40 -627 -94 -36 2Q26 -11 -98 -771-98 ▪ Impact of lower production volumes ▪ Currency appreciation (BRL and MXN) ▪ Cost reduction initiatives and improved product mix
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13 INVESTOR RELATIONS ADJUSTED EBITDA BUILD-UP [MBRL] 6 104 68 12 Adj. EBITDA 2Q25 Production and sales volumes Foreign exchange impact Pricing/mix, quality and cost reduction Others Adj. EBITDA 2Q26 8.0% 210 6.3% 156 Adj. EBITDA Mg
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14 INVESTOR RELATIONS Increase in the cash position in BRL Foreign exchange effects on balance sheet items denominated in foreign currencies and gains from hedging activities 2Q26 2Q25 Financial Expenses (95) (94) Financial Income +37 +33 Monetary and FX Effects +24 +26 TOTAL (34) (35) FINANCIAL RESULT [M BRL]
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15 INVESTOR RELATIONS Receivables [M BRL] and PMR [days] Inventories [M BRL] and inventory days [days] Accounts payable [M BRL] and DPO [days] * 68 61 60 64 67 2Q25 3Q25 4Q25 1Q26 2Q26 1,936 1,660 1,597 1,675 1,724 62 60 56 63 67 86 85 74 70 66 Working Capital [M BRL] and CCC [days] * 92 86 78 71 66 2Q25 3Q25 4Q25 1Q26 2Q26 2,504 2,239 2,068 1,873 1,735 WORKING CAPITAL * Includes advance payment, by clients, for working capital on the MWM engine manufacturing contracts. 2Q25 3Q25 4Q25 1Q26 2Q26 1,473 1,400 1,251 1,432 1,502 2Q25 3Q25 4Q25 1Q26 2Q26 2,041 1,979 1,722 1,630 1,514
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16 INVESTOR RELATIONS • Working capital management initiatives with positive impact on operational cash flow • R$208 million reduction in inventories (R$ 117 million in 2Q26) OPERATIONAL CASH FLOW [MBRL] 1H21 1H22 1H23 1H24 1H25 1H26 53 -254 27 535 174 502
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17 INVESTOR RELATIONS Foreign Currencies Domestic Currency 1,049 987 Cash and equivalents 66126 Up to 12 months 221 2027 239 1,007 2028 - 2030 1,932 552 2031 - 2034 2,238 1,706 Gross debt 2,037 192 23 1,246 2,484 3,945 Debt Cash Indebtedness [M BRL] Currency distribution [% total] Net Debt / 12M Adj. EBITDA CASH AND INDEBTEDNESS | JUNE 2026 43% 57% 2Q25 3Q25 4Q25 1Q26 2Q26 2.45x 2.58x 3.35x 4.02x 4.14x 48% 52%
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18 INVESTOR RELATIONS AGENDA CEO’s First 60 Days – Insights and Priorities 2Q26 Results Markets: Industry Overview and Opportunities Outlook IN FOCUS
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19 INVESTOR RELATIONS Production program restarts Increased market share in models using Tupy products CUSTOMERS PROJECT INCREASING DEMAND IN 2026 +92% Robust backlog +27% Machinery OEMs Increase in construction equipment sales +14% Pickup OEMs Increase in light commercial vehicle sales in the U.S. Customer results in 2Q26 reinforce expectations of growth in external markets Non-Residential Construction Demand for machinery and generator sets remains strong, supported by infrastructure and data center projects Improving fundamentals Freight rates Fleet operators’ profitability Reduced regulatory uncertainty regarding tariffs Strengthening market fundamentals, easing uncertainty and increased order intake are being reflected in upward revisions to forecasts +122% Increase in new orders in the U.S. Commercial vehicle OEMs 2026 North American market outlook +10 to +15%
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20 INVESTOR RELATIONS NORTH AMERICAN COMMERCIAL VEHICLES: Tupy’s Order Book Already Reflects Higher Activity * Source: ACT Research 3Q25 4Q25 1Q26 2Q26 -20% 3% 11% 45% Orders to OEMs: Class 5–7 Trucks (YoY)* Orders to OEMs: Class 8 Trucks (YoY)* 3Q25 4Q25 1Q26 2Q26 -30% -17% 91% 170% 3Q25 4Q25 1Q26 2Q26 +36% Class 8 Class 5-7 +3% North American Truck Production* Tupy Sales to North American Trucks (kton) 3Q25 4Q25 1Q26 2Q26 +70% Volumes 3Q25: trough of the cycle
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21 INVESTOR RELATIONS NEW VALUE-ADDED CONTRACTS Machining Plant in Ramos Arizpe, Mexico R$250 million in revenue in the first half of the year Plant Expansion ➢ 5,000 m² expansion, for a total area of 20,000 m² ➢ 24 new machining centers ➢ 17 robots ➢ Class 8 trucks in North America ➢ USMCA-compliant content Increased Market Share in Key Segments Value-Added Content ➢ Complete casting, machining and assembly solutions
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22 INVESTOR RELATIONS AGENDA CEO’s First 60 Days – Insights and Priorities 2Q26 Results Markets: Industry Overview and Opportunities OutlookIN FOCUS
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23 INVESTOR RELATIONS SECOND-HALF AGENDA Execution driving the benefits of the volume recovery A culture of accountability, linking daily decisions to business performance and value creation Efficiency and Product Mix Accelerating operational efficiency and higher-value-added product initiatives Capacity Optimization Production concentrated on the most efficient production lines Commercial Discipline Mitigating external impacts and ensuring an adequate return on capital Cash Generation Working capital and leverage reduction
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24 RELAÇÃO COM INVESTIDORES Tupy O Linkedin fundo png imagem png - O LinkedIn Logotipo Ícones Do ... Tupy SA tupy.com.br/ri