Slides
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1 TSX: ACQ Investor Presentation November 2025
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2AutoCanada FORWARD-LOOKING STATEMENTS Certain statements contained in this investor presentation are forward-looking statements and information (collectively “forward-looking statements”), within the meaning of the applicable Canadian securities legislation. We hereby provide cautionary statements identifying important factors that could cause actual results to differ materially from those projected in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions,or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “will continue”, “is anticipated”, “projection”, “vision”, “goals”, “objective”, “target”, “schedules”, “outlook”, “anticipate”, “expect”, “estimate”, “could”, “should”, “plan”, “seek”, “may”, “intend”, “likely”, “will”, “believe”, “shall” and similar expressions) and the financial outlook are all not historical facts and are forward-looking and may involve estimates and assumptions and are subject to risks, uncertainties and other factors some of which are beyond our control and difficult to predict. Forward-looking statements and financial outlook in this investor presentation include: AutoCanada Inc.’s (“AutoCanada” or the “Company”) future financial position, the Company’s future leverage position, expected run-rate operational expense savings from the implementation of the ACX Operating Method, the expected aggregate proceeds from the U.S. dealership divestitures, the completion and the anticipated timing of completion of the U.S. dealership disposition transactions, engagement in selling the remaining dealerships of the U.S. Operations segment, and the impact of the U.S. dealership divestitures on the Company's leverage ratio. Forward-looking statements and financial outlook provide information about management’s expectations and plans for the future and may not be appropriate for other purposes. Forward looking statements and financial outlook are based on various assumptions, and expectations that AutoCanada believes are reasonable in the circumstances. No assurance can be given that these assumptions and expectations will prove correct. Those assumptions and expectations are based on information currently available to AutoCanada, including information obtained from third-party consultants and other third-party sources, and the historic performance of AutoCanada’sbusinesses. AutoCanada cautions that the assumptions used to prepare such forward-looking statements and financial outlook, including AutoCanada’s expected run-rate operational expense savings through the transformation plan, could prove to be incorrect or inaccurate. In preparing the forward-looking statements and financial outlook, AutoCanada considered numerous economic, market and operational assumptions,including key assumptions listed under Section 3 Market and Financial Outlook of the Company’s Management’sDiscussion & Analysis (“MD&A”) for the three-month and nine-month periods ended September 30, 2025. The forward-looking statements and financial outlook are also subject to the risks and uncertainties set forth below. By their very nature, forward-looking statements and financial outlook involve numerous assumptions, risks and uncertainties, both general and specific. Should one or more of these risks and uncertainties materialize or should underlying assumptions prove incorrect, as many important factors are beyond our control, AutoCanada’s actual performance and financial results may vary materially from those estimates and expectations contemplated, expressed or implied in the forward-looking statements. These risks and uncertainties include risks relating to failure to realize expected cost-savings, cost overruns in one-time restructuring expenses, compliance with laws and regulations, reduced customer demand, operational risks, force majeure, labour relations matters, and our ability to access external sources of debt and equity capital. The successful execution of our U.S. divestiture strategy is subject to the willingness of buyers, satisfaction of customary closing conditions, and securing all necessary OEM approvals,which may be difficult to obtain and could lead to delays or the termination of a transaction. Additional risks are identified in (i) the MD&A under Section 12 Risk Factors and (ii) AutoCanada’s most recent Annual Information Form (the “AIF”). The preceding list of assumptions,risks and uncertainties is not exhaustive. Accordingly, these factors could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements and financial outlook. Therefore, any such forward-looking statements and financial outlook are qualified in their entirety by reference to the factors discussed throughout this document. Details of the Company’s material forward-looking statements and financial outlook are included in the Company’s most recent AIF. The AIF and other documents filed with securities regulatory authorities (accessible through the SEDAR+ website www.sedarplus.ca) describe the risks, material assumptions,and other factors that could influence actual results and which are incorporatedherein by reference. When relying on our forward-looking statements and financial outlook to make decisions with respect to AutoCanada, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking statements and financial outlook are provided as of the date of this document and, except as required by law, AutoCanada does not undertake to update or revise such statements to reflect new information, subsequent or otherwise. For the reasons set forth above, investors should not place undue reliance on forward-looking statements or financial outlook. NON-GAAP AND OTHER FINANCIAL MEASURES This investor presentation contains certain financial measures that do not have any standardizedmeaning prescribed by Canadian GAAP. Therefore, these financial measures may not be comparableto similar measures presented by other issuers. Investors are cautioned these measures should not be construed as an alternative to net earnings (loss) or to cash provided by (used in) operating, investing, financing activities, cash and cash equivalents, and indebtednessdetermined in accordance with Canadian GAAP, as indicators of our performance. We provide these additional non-GAAP measures, capital management measures,and supplementaryfinancial measures to assist investors in determining our ability to generate earnings and cash provided by (used in) operating activities and to provide additional information on how these cash resources are used. Adjusted EBITDA, adjusted EBITDA margin, and free cash flow are not earnings measures recognized by GAAP and do not have standardized meanings prescribed by GAAP. Investors are cautioned that these non-GAAP measures should not replace net earnings or loss (as determined in accordance with GAAP) as an indicator of the Company’s performance, of its cash flows from operating, investing and financing activities or as a measure of its liquidity and cash flows. The Company’s methods of calculating referenced non-GAAP measures may differ from the methods used by other issuers. Therefore, these measures may not be comparableto similar measures presented by other issuers. Section 13. NON-GAAP AND OTHER FINANCIAL MEASURES and section 14. NON-GAAP AND OTHER FINANCIAL MEASURE RECONCILIATIONS of the Company’s MD&A for the three-month and nine-month periods ended September 30, 2025, is hereby incorporatedby reference for further information regarding the composition and reconciliation of these measures (accessible through the SEDAR+ website at www.sedarplus.ca).
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3 A leader in Canadian automotive retail New & Used Light Vehicle 64 new light vehicle OEM franchises selling 23 automotive brands with complementary used retail operations in franchises. Parts & Service Over 1,261 service bays offering repair, maintenance and warranty work to OEM standards. Collision Repair Network of over 30 collision shops utilizing the latest technology, OEM parts and procedures. Finance & Insurance Seller of third-party finance, insurance, and extended warranty products. 40,000 New Vehicles 58,000 Used Vehicles $6.0b Revenues $151m Adj EBITDA2 AutoCanada Trailing 12-Months1 1. Trailing twelve months ended December 31, 2024.Dollar figures in CAD. 2. See page 2 for further information regarding Non-GAAP Measures and supplementary financial measures. All figures are Continuing Operations for the trailing three-months (TTM) period ending September 30, 2025
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4 Creating Canada’s premier dealership and collision platform Roadmap 1. See Section 6. Liquidity and Capital Resources of the MD&A for details on this financial covenant. This outlook on leverage reflects the expected impact of portfolio optimization and is contingent on completing U.S. divestitures. The successful execution of our U.S. divestiture strategy is subject to the willingness of buyers, satisfaction of customary closing conditions, and securing all necessary OEM approvals, which may be difficult to obtain and could lead to delays or the termination of a transaction. 2. $115 Million Operational Transformation Plan annual run-rate operating efficiencies uses trailing-twelve-month “TTM” Q2 2024 operating expenses excluding depreciation, amortization, and one-time items as the baseline. 3. Measured using Adjusted Bank EBITDA from Continuing Operations. Optimize Costs & Efficiency Targeting $1152 million in annual run-rate operating efficiencies and cost savings by the end of 2025. Refine Core Operations Ongoing strategic review of non-core and underperforming assets to focus resources on Canadian dealership and collision operations. Strengthen Financial Position Reduce leverage to 2–3x Net Funded Debt/Adjusted Bank EBITDA1,3 through divestitures, margin expansion, and debt reduction. AutoCanada
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5 7 10 16 22 23 24 48 54 54 49 64 64 64 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2025 Driving growth through acquisition and operational efficiencies +20 Years and Still Growing 1. As of November 13, 2025 2. Continuing operations for the trailing twelve months (“TTM”) ended September 30, 2025. See page 2 for further information reg arding Non-GAAP Measures and supplementary financial measures. 32 Collision Centres1 Total Franchised Dealerships 32,897 New Vehicles Sold2 41,135 Used Vehicles Sold1 64 OEM Franchise Dealers in 2025 AutoCanada
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6 Automotive Retail ($211.7 billion) Automotive Aftermarket ($9.1 billion) Collision Repair ($2.4 billion) Canada drives a quarter-trillion dollar auto industry Total Addressable Market 1. AutoCanada percentage of market share based on 12-trailing months as at June 30 ,2025. 2. Large dealer groups defined as more than 20 locations. Source: Statistics Canada 2023, Romans Group 2022, Jobber Nation, Company disclosure. 89% 10% 2% 56% 33% 11% 1% Canadian OEM Franchise Market (3,700 Total Stores) Canadian Collision Repair Market (4,150 Total Shops) Small Dealer Groups2 Large Dealer Groups AutoCanada Large Multi-StoreSmall Operators Franchises AutoCanada Canadian Automotive Market Share1 (Revenue in C$ billions) AutoCanadaOther AutoCanada
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7 2025 is a transformational year at AutoCanada 1. $115 Million Operational Transformation Plan annual run-rate operating efficiencies uses TTM Q2 2024 operating expenses excluding depreciation, amortization, and one-time items as the baseline. The financial outlook on slides 7-9 is provided to help assess AutoCanada’s transformation plan but may not suit other purposes. Expected operational expense savings assume staffing optimization, improved efficiencies, and consolidation will reduce costs. Key risks include execution success, controlled restructuring costs, economic stability, and external factors. For further assumptions, see “Forward-Looking Statements”. All dollar figures in CAD In 2024, AutoCanada engaged Bain & Company to implement the ACX Operating Method $100M cost savings plan. Strong early execution led to an increased savings target of $115M by year-end 2025 driven by: ▪ Optimized operating cost structure ▪ Centralized admin functions ▪ Improved return on assets A transformation plan targeting $115 million in annual cost savings is well underway with $98 million already realized and decisive actions advancing following a strategic review that prioritized the core business. AutoCanada Strategic Review Conclusion To Prioritize The Core AutoCanada conducted a strategic review which concluded the following strategic priorities: ▪ Exit unprofitable US operations ▪ Focus on core Canadian dealership & collision network ▪ Ensure all continuing operations meet profitability thresholds ▪ Optimize footprint and brand mix in Canada $115 Million Operational Transformation Plan1
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8 ACX Operating Method 1. The targeted $115M in annual run rate savings by the end of 2025 uses trailing-twelve-month “TTM” Q2 2024 operating expenses excluding depreciation, amortization, and one-time items as the baseline. Targeting $115M in annual run rate savings by the end of 2025 through optimization of four core categories. The Company has achieved a total of $98M in run-rate annualized savings, including $23M added during Q3 2025. Store Archetype $60.7M1 Standardizing dealership operations to improve efficiency and customer experience. Centralized Services $6.0M1 Leveraging centralized administrative functions to drive operational efficiencies and improve scalability. Expense Management $35.8M1 Enhancing cost controls and ensuring financial discipline across all operations. Inventory Management $12.5M1 Implementing improved inventory allocation strategies to optimize turnover and reduce holding costs. $47.7M $60.7M Annual Run Rate $32.6M $35.8M Annual Run Rate $12.5M $12.5M Annual Run Rate $6.0M Annual Run Rate $5.3M Annual Run Rate Savings Realized to End of Q3 2025 (CAD) AutoCanada
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9 Timeline to cost savings 2025 Estimated Cost Savings2 (CAD Millions) 1. Restructuring costs include separation costs, strategic advisor fees and other charges. 2. The targeted $115M in annual run rate savings by the end of 2025 uses trailing-twelve-month “TTM” Q2 2024 operating expenses excluding depreciation, amortization, and one-time items as the baseline. -1.7 12.4 3.3 22 36 115 Q1A Q2A Q3A Q4E 2025E Annual Run Rate Net Savings Gross Savings Gross Savings2 Restructuring Costs1 Net Savings2 Run Rate Savings2 Q1A $14.1 $(15.8) $(1.7) $57.1 Q2A $19.7 $(7.3) $12.4 $80.0 Q3A $23.3 $(20.0) $3.3 $98.1 Q4 $23.5 $(1.5) $22.0 $115.0 2025 $80.6 $(44.6) $36.0 $115.0 CAD Millions AutoCanada
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10 Sharpening our focus Targeted Actions to Enhance Strategic Focus 1. Of the $59.5 million in proceeds, $34.2 million was used to repay floorplan associated with the sale of inventory along with these stores. 2. Net of working capital and floorplan. 3. As at December 31, 2024 the Company was engaged in an active program to locate buyers for its 18 U.S. dealerships Exiting U.S. Operations: Full divestiture underway with ~$130M expected proceeds, at the high end of the prior range. Progress to Date: $37M in net proceeds received; another $12M expected before year-end, with the balance anticipated in H1 2026. RightRide Exit: All RightRide locations closed, generating $11M in annual Adjusted EBITDA savings. Canadian Divestitures: Completed sales of Okanagan Chrysler, Ponoka Chrysler, and Airdrie Chrysler in 2024. Portfolio Refocus: Sharpened focus on core Canadian franchise dealerships and collision centers, with future M&A aimed at brand and geographic diversification. AutoCanada Asset Dispositions Date Sale Price Airdrie Chrysler Dodge Jeep Ram Sep 2024 $24.6 Ponoka Chrysler Dodge Jeep Ram Sep 2024 $8.6 Okanagan Chrysler Dodge Jeep Ram Nov 2024 $26.3 Total $59.51 Store Closures Date 2024 EBITDA Loss First 8 RightRide Locations Sep 2024 $6.9 Remaining 6 RightRide Locations Feb 2025 $4.1 Total $11.0 Discontinued Operations3 Date 2024 Adjusted EBITDA Loss All U.S. Dealership Operations Dec 2024 $24.3 Total $24.3 CAD Millions
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1111 Macro-economic Impact and Outlook Canadian New Light Vehicle Sales Sources: Statistics Canada, Desrosiers, FactSet 0.0 2.0 4.0 6.0 8.0 10.0 12.0 0.0 0.5 1.0 1.5 2.0 2.5 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 million units The Canadian new light vehicle market remained resilient in Q3 2025, with modest year-over-year growth despite ongoing macroeconomic and affordability pressures. Management remains heavily focused on completing the ACX Operating Method, dedicating significant resources to implementing sustainable cost and process efficiencies. With the transformation nearing completion, the Company expects to normalize its sales activity in 2026, supported by a leaner, more efficient operating model that is designed to drive improved profitability, operating leverage, and execution performance over the long term. AutoCanada New Light Vehicle Sales Canadian Unemployment Rate Recession
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12 Consolidated Q3 2025 Highlights For the three-months ended September 30, 2025 Financial Results From Continuing Operations 1. See page 2 for further information regarding Non-GAAP Measures and supplementary financial measures. 2. Operating expense is shown before depreciation. 3. Adjusted EBITDA from continuing and discontinued operations. As of December 31, 2024, the U.S. Operations were moved to Discontinued Operations, as the Company actively seeks a buyer for these assets. 4. Comparative period revised to reflect current period presentation for reclassification of discontinued operations. 5. See Section 13 Non-GAAP and Other Financial Measures in the MD&A for further information regarding the composition of these Non- GAAP Measures. • Revenue down 14.9% y/y due to decreases in new vehicle sales, used vehicle sales, parts and service and F&I. This decline is partially offset by an increase in revenue from collision repair services • Gross profit down 22.2% y/y up 2.1% y/y, driven by the impact of lower overall total retail unit volumes from both new and used during the quarter, and lower new and used vehicle gross profit per retail unit • Normalized OPEX before depreciation down 23.4% y/y, reflecting cost savings under the ACX Operating Method • Floorplan financing costs declined 44.3% y/y due to lower inventory levels and interest rates • Net income down, as a result of the items noted above, partially offset by lower income taxes • Adjusted EBITDA from Continuing Operations down 7.9% y/y; margin improved 30 bps to 4.8%, driven by improved gross margin and cost efficiency AutoCanada Quarter Ended Trailing 12 Months Revised4 Q3 2025 Q3 2024 Revised4 Q3 2025 Q3 2024 Revised4 Revenue $1,201.5 $1,412.5 $5,045.6 $5,253.3 Gross Profit 187.4 241.0 826.9 882.8 Operating Expense2 148.8 166.6 631.2 700.7 Floorplan Expense 8.9 15.9 41.2 67.1 Net Income attributable to ACQ Shareholders (3.57) 26.10 33.5 20.7 Diluted EPS attributable to ACQ Shareholders ($0.14) $1.09 $1.39 $0.89 Normalized Operating Expense Before Depreciation5 $126.3 $164.8 $568.50 $643.49 Adjusted EBITDA From Continuing Operations1 $58.1 $63.1 $219.85 $174.13 Adjusted EBITDA From Continuing and Discontinued Operations3 $52.3 $53.2 $205.53 $148.61 CAD in millions except per share amounts
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13 Operating Performance Review AutoCanada Gross Profit per Unit $4,183 $735 $3,346 $2,954 $1,606 $2,321 $5,000 $3,000 $1,000 $1,000 $3,000 $5,000 New Vehicles1 Used Vehicles2 Finance & Insurance3 New Vehicles1 AutoCanada C$US Peers US$ 67%69% 0% 20% 40% 60% 80% 100% Normalized Operating Expense % of Gross Profit (before Depreciation) Same Store Sales Growth -12.4% 5.7% -15% -10% -5% 0% 5% 10% For the three months ended September 30, 2025 Sources: Company reports, Tegus, FactSet, Wards Automotive
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14 Financial Metrics 1.See page 2 for further information regarding Non-GAAP Measures and supplementary financial measures. 2.See Section 6. Liquidity and Capital Resources of the MD&A for further information regarding the composition of this financial covenant. AutoCanada Liquidity Financial LeverageAdjusted EBITDA from Continuing Operations Adjusted EBITDA1 Total Revolving Credit Facilities Total Net Funded Debt to Bank EBITDA2 Total Net Funded Debt Debt Covenant $178 $194 $225 $220 2024 TTM Q1-25 TTM Q2-25 TTM Q3-25 $482 $477 $480 $459 $418 $418 $432 2.8x 4.1x 4.5x 4.9x 4.9x 3.4x 3.4x Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Dollar figures in CAD millions Undrawn Capacity $375 $375 $375 $375 $218 $218 $257 $254 2024 Q1-25 Q2-25 Q3-25
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15 Leading the team AutoCanada’s is guided by a team of experienced industry leaders committed to driving excellence. The executive team has an average of over 20 years of experience in automotive, technology, business transformation, and M&A within the private sector and capital markets. AutoCanada Art Crawford President, Collision Operations Mikel Pestrak Interim President, Dealership Operations Samuel Cochrane Interim Chief Executive Officer and Chief Financial Officer Drew Forret Chief Administrative and Transformation Officer Cynthia Hill General Counsel
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16 TSX: ACQ Contact Samuel Cochrane, Interim CEO and CFO scochrane@autocan.ca