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UNIQUELY POSITIONED FOR GROWTH TSX.V:AEP OTC:APEUF Q2 2026 v.082726 REV.00
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Forward Looking Statements AEP Uniquely Positioned for Growth2 This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of securities of Atlas Engineered Products Ltd. (the “Company”), or an offer, invitation or recommendation to sell, or solicitation of an offer to buy, the facilities or the securities of the Company in any jurisdiction. Neither this presentation nor anything in it shall form the basis of any contract or commitment. This presentation is not intended to be relied on as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this presentation based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. These projections should not be considered a representation of the Company’s potential cash-generation performance in any way. The financial modelling is a projection, preliminary and subject to change. All forward– looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this document and are expressly qualified in their entirety by the cautionary statements included elsewhere in this document. The financial modelling is a projection, is preliminary, and is subject to change; the Company undertakes no obligation to update or revise these forward–looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Inevitably, some assumptions will not materialize, and anticipated events and circumstances may affect the ultimate financial results. Projections are inherently subject to substantial and numerous uncertainties and to a wide variety of significant business, economic, and competitive risks, and the assumptions underlying the projections may be inaccurate in any material respect. Therefore, the actual results achieved may vary significantly from the forecasts, and the variations may be material. Disclaimer
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Analyst Coverage 5 Raymond James (PT: $1.10) | Beacon Securities (PT: $1.00) ATB (PT: $1.00) | Clarus Securities (PT: $2.50) Desjardins (PT: $1.15) AEP Uniquely Positioned for Growth3 Key Investment Highlights Atlas Engineered Products is the market leader in Canada of manufactured and engineered structural wood products for residential and commercial construction Capital Structure (Aug 26, 2026) Ticker Symbol AEP.V Last Price $0.66 Average 3-Month Daily Trading Volume1 ~71,000 Shares Out. Basic (M) 70.7 Shares Out. Diluted ITM2 (M) 71.4 Fully-Diluted ITM Market Cap (M) $47.1 Net Debt (M) 3 – June 30, 2026 $16.2 Enterprise Value4 (M) $63.3 Fiscal Year End December 31 Driving organic growth by expanding its focus on wall panel manufacturing and offering customers complete project packages that include roof and floor trusses, wall panels, and engineered wood products Track record of highly accretive M&A with 10 transactions since 2017 at avg. ~3x EBITDA and significant pipeline to further expand footprint Proven and well-aligned management team with ~14% insider ownership Well-defined organic growth opportunities through automation and cross border sales channels Established platform serving Canadian and U.S. markets from ten manufacturing facilities Supportive macro & political backdrop in Canada with structural shortage of 3.5M homes by 2030 in a declining interest rate environment Notes 1. Average 3-Month Daily Trading Volume from May 27, 2026 to Aug 26,, 2026 2. Includes 697,500 options in the money “ITM” as of June 30, 2026, with avg. Strike of ~$0.61 3. Net Debt includes $400k Government Grant Receivable and ITM options 4. EV Includes cash proceeds implied from ITM options of $426,500 and $400k Government Grant Receivable 5, As of Aug 2026
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AEP Family of Companies AEP Uniquely Positioned for Growth4 A Growing National Footprint Since our inception as AEP in November 2017, we have grown to ten companies. Our vision is to create a national family of operating companies deeply entrenched in serving regional construction markets. We are strengthening financial and operational performance of these acquired companies through standardized best practices, dedicated sales outreach, cost efficiencies, and extended product mix. And we intend to continue our strategic acquisition path.
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Our Services Our specialist design team uses cutting edge design and engineering technology that ensures you get consistent, accurate, top quality product from our facility. We even help with acquiring building permits. AEP’s team of designers employs state- of-the-art BIM (Building-Information- Modeling) software, laser precision cutting equipment and automated assembly equipment to produce your orders in a controlled indoor factory environment. Design, Engineering & Permitting
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Our Products Reduce installation times, increase your span options and employ our cost effective, cutting edge design and engineering team. From the simplest residential building to the most complex commercial designs, AEP roof trusses can be a cost effective and efficient part of your construction project. Roof Systems & Roof Trusses
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Our Products A practical alternative to framing onsite, our custom-built floor panels give you greater quality control and ensure seamless integration with your wall and roof components. Quality floor systems and floor trusses from a production facility that also allows customers to reduce on site labour needs or simultaneously work on that next project. Floor Systems & Floor Trusses FLOOR JOISTS FLOOR TRUSSES FLOOR PANELS
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Our Products A cost-effective alternative to framing onsite, AEP wall panels give you greater quality control, ability to reduce on site labour requirements, and ensure a seamless integration with your floor and roof components. Our specialized design software and manufacturing capacity ensures that your walls are square, with proper nailing patterns, and with studs and headers engineered to support applied loads. Wall Panels
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Lumber & Specialty Building Yards Our Clients AEP Uniquely Positioned for Growth9 Single-Family Home Builders Commercial & Industrial Developers Multi-family, Highrise & Sub-Division Developers
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Why Do Clients Choose Us? AEP Uniquely Positioned for Growth10 We save them money + Cost effective and efficient + National buying power + Best-in class design, production and automation technology We save them time Offsite customized manufactured roof & floor trusses and wall panels can be installed onsite up to 5x’s faster than traditional stick frame construction We provide expanded product offerings Roof, wall and floor systems and engineered wood products – offering customers a one-stop product delivery We are environmentally friendly + Uses less energy to manufacture + Responsible and renewable + Fewer emissions and waste
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Industry Tailwinds AEP Uniquely Positioned for Growth11 “To restore affordability, an additional 3.5M affordable housing units are needed by 2030." - CMHC This is on top of the 2.3M units already projected to be built in that time... Canada is on track to break ground on about 240,000 housing units this year but about 100,000 additional housing starts are needed this year and next, as Canada continues to admit large number of immigrants. - Globe and Mail & Desjardins Securities Federal government reveals plan to bring in >350,000 immigrants per year through 2027 (1% of population thereafter) - CBC
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Supportive Political Landscape in Canada AEP Uniquely Positioned for Growth12 Liberal Party + Promised to double number of homes built annually to nearly 500,000 + Launched Build Canada Homes with $13B of initial capital, representing Canada's most ambitious housing plan since World War 2 + Build affordable housing at scale + Catalyzing new housing industry + Provide financing to affordable homebuilders + "Unleash the power of public/private co-operation at a scale not seen in generations" - Mark Carney, Prime Minister Conservative Party + Campaigned with promise to build 2.3M homes by 2030 (~450,000/yr) + Cut taxes on new homes + Free up federal land + Incentivize municipalities to make building easier and cheaper + Simplify National Building Code & cutting red tape + Prioritize homebuilders who can build affordable homes + "We will build more, tax less, and get the government out of the way" - Pierre Poilievre, Conservative Party leader All political parties are unanimously committed to accelerating building activity with urgency. An elected Liberal minority government supports a best-of-both-worlds policy scenario to catalyze the industry.
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Growth Initiatives AEP Uniquely Positioned for Growth Organic Growth + Equipment upgrades, automation, and technological improvements + Product diversification + Sales and territory expansion + Manufacturing capacity growth + Integration efficiencies M&A Growth + Constantly assessing M&A targets for potential acquisitions + Is the geographical location ideal? Does it fit with our other locations? Is there sales growth potential? + Are integration efficiencies available? + Is there automated equipment? + Is the price right!
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Organic Growth Initiatives AEP Uniquely Positioned for Growth14 Product Diversification + Wall panel expansion + EWP expansion + Explore new products that add synergies with our current products and add value for our customer base Sales Team Development Continue to develop new talent with technical experience to provide our customers with the best products for efficiency and ease Equipment Automation Continue automating and upgrading equipment across all locations when and where financially prudent for growth Equipment Utilization Hire and train manufacturing workforce to increase equipment utilization and manufacturing capacity with more shifts that can produce quality products for our customers
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Key Highlights of Automation Rollout Increase output capacity by 100% Reduce labor inputs by 50% Payback period <2 years Fully-funded to execute Low-risk & proven technology Improve safety Minimize materials waste Advancing Automation Capabilities AEP Uniquely Positioned for Growth15 AEP is establishing our first advanced automated truss manufacturing facility to drive significant value creation New Automation Facility Location: Atlas Building Systems Location: Novum Building Components Location: South Central Building Systems Location: Pacer Building Components Location: Clinton Building Components Location: Satellite Building Components Location: Hi-Tec Industries Location: Léon Chouinard et Fils cie Ltée (LCF) Location: Penn-Truss MFG Inc. Location: Truss-Worthy Construction Systems
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M&A Growth AEP Uniquely Positioned for Growth16 M&A is an ongoing part of our growth initiatives. We are constantly assessing potential M&A targets and will announce acquisitions as they develop. Fragmentation + The manufactured wood products industry is characterized by hundreds of small regional operators with sales in the range of $3 to $15 million, headed by owner-managers that need succession planning + These small regional operators are unable or unwilling to invest in technology and automation Opportunity AEP is providing an opportunity for many of these small operators. + To profit from operational efficiencies, technological advances, advantages of scale in procurement, and expanded product distribution + For arbitrage as acquired companies transition from private ownership to public amid varying transaction structures and prices
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AEP Uniquely Positioned for Growth17 M&A Growth 200+ Truss companies $2.5Bn Total industry revenue 300K Number of additional construction workers in Canada needed by 20283 Size of Canadian Market 1 Large fragmented market unprepared for disruption Adoption of Technology 2 Need for innovation is crucial to survival but companies are slow to adapt 70% believe those who do not adopt digital tools will go out of business Industry Challenges Labour market is the tightest since 1990 and projected to become even tighter 48% Proportion of construction companies in Canada that have difficulty hiring4 250K Number of construction workers expected to retire over the next 10-years (~21% of the workforce)3 30% of employees blame management hesitation as barrier to adopt new technologies 93% AEP is the well positioned to eliminate the industry’s two biggest pain-points. 38% percent of companies identifying budgeting as a key limitation 41% percent of construction companies only in the early stages of a digital transformation Capacity utilization measured against productivity is the highest since 19906 1 Source: Government of Canada 2 Source: Visual Capitalist 3 Source: On-Site 4 Source: House of Commons Canada 5 Source: BDC 6 Source: BuildForce Canada 127K Number of residential construction workers required by 20286
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AEP Uniquely Positioned for Growth18 Acquisition Growth Atlas Building Systems $1.0 million in cash $3.5 million in AEP shares Pacer Building Components $8.1 million in cash $500,000 in AEP shares Clinton Building Components $2.6 million in cash Satellite Building Components $1.2 million in cash $3.0 million in cash $490,000 in AEP shares South Central Building Systems Novum Building Components $428,819 in cash Hi-Tec Industries $5.8 million in cash $3.25 million in cash (Land & Buildings) 2017 2018 2019 2020 2022 AEP LISTS ON THE TSX:V 2023 Léon Chouinard et Fils Ltée $24 million in cash $2 million in AEP shares $1.575 million in cash $850,000 in cash (Land & Building) Truss-Worthy Construction Systems $3.04 million in cash Up to $760,000 in AEP Shares Penn-Truss MFG Inc. 2025
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Integration Impacts Sales (avg) EBITDA (avg) Before Acquisition 2020 2021 Before Acquisition 2020 2021 Share Acquisition 1 $1.8M $3.1M $5.6M 9% 27% 38% Share Acquisition 2 $15M $11M $18M 7% 17% 31% 19 AEP Uniquely Positioned for Growth + Integration is key after a share or asset acquisition. The Company aims to implement national buying power, system upgrades, technological improvements, and processes to improve efficiencies at each location + The table shows the potential EBITDA improvements with acquisitions in their various stages of the integration process + Share Acquisition 1: Integration completed, organic growth initiatives in progress + Share Acquisition 2: Integration completed, start of organic growth initiatives
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AEP Uniquely Positioned for Growth20 Annual Performance 4.5 4.0 12.9 15.7 9.9 8.5 7.4 6.68.5 7.3 16.2 19.8 13.6 13.5 12.2 11.2 34.8 35.7 55.0 61.9 49.4 55.8 62.6 63.5 0 10 20 30 40 50 60 70 2019 2020 2021 2022 2023 2024 2025 TTM Millions of CAD Normalized EBITDA Gross Profit Revenue *TTM: Trailing Twelve Months *
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Executive Team AEP Uniquely Positioned for Growth21 Hadi Abassi CEO & President, Founder Mr. Abassi founded AEP in 1999 in Nanaimo, BC and they manufactured roof trusses for Vancouver Island. Bringing more than 25 years of experience to the role, Hadi is an incredible relationship builder and brings his extensive experience in sales, M&A and the wood products industry to AEP as its CEO & President. Mr. Abassi’s significant experience developing successful teams specializing in sales, design, and production will be invaluable to future growth and development. Melissa MacRae CPA, CA Chief Financial Officer As CFO, Mrs. MacRae provides overall leadership and direction for the Company’s financial operations as she oversees accounting, financial planning and analysis and information technology. Melissa started with AEP in 2012 by spending significant time learning the entire operation from sales, to design, to production, and finance. This knowledge has been invaluable as AEP has become a public company. Mrs. MacRae progressed from her initial role to Controller, Group Controller and then Director o f Finance. In 2019, Melissa joined the Executive Team as Interim CFO before being promoted to CFO in Jan 2022. In addition to her CPA designation, Melissa holds a Bachelor of Business Administration from Vancouver Island University.
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Board of Directors AEP Uniquely Positioned for Growth22 Don Hubbard, ICD.D Board Chair Mr. Hubbard is currently President and CEO of Hubbard Consulting Ltd., and Owner of RCR Mining LLP. He was also Board Chair of the Vancouver Island Health Authority from 2010- 2017. Formerly Mr. Hubbard was General Manager of Lafarge North West Division and Island operations. Hadi Abassi Director, CEO & President, Founder Mr. Abassi founded AEP in 1999 in Nanaimo, BC and they manufactured roof trusses for Vancouver Island. Bringing more than 25 years of experience to the role, Hadi is an incredible relationship builder and brings his extensive experience in sales, M&A and the wood products industry to AEP as its CEO & President. Mr. Abassi’s significant experience developing successful teams specializing in sales, design, and production will be invaluable to future growth and development. Greg Smith Director Mr. Smith is President of Broadway Refrigeration & Air Conditioning Co. Ltd. and Omega Mechanical Ltd and is Chairman of Lite Access Technologies. He previously held senior positions in investment banking before transitioning to private equity with the acquisition of one of the largest HVAC companies in Western Canada. Kevin Smith Director Mr. Smith is a Chartered Accountant and the Chief Financial Officer of Aspen One. He previously served as Chief Financial Officer of Northland Properties, IntraCorp Projects Ltd. and as Chief Financial Officer, Executive Vice President, and Corporate Secretary at Whistler Blackcomb where he successfully led an initial public offering in 2010. He is also currently serving as a director of Diversified Royalty Corp. Paul Andreola Director Mr. Andreola has over 25 years of business development and financial markets experience including senior management, marketing, and communications roles for early-stage companies. Previously in his career, Mr. Andreola was a licensed investment advisor for over 10 years and has facilitated multiple early stage private and public companies in the industrial, life science, and technology sectors. Mr. Andreola is currently the CEO and director of NameSilo Technologies Inc. (CSE:URL) and a director of Spectra Products Inc. (TSXV:SSA)
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TSX.V:AEP OTC:APEUF Contact us Jake Bouma Bouma Consulting Ltd. jake.bouma@atlasaep.ca IR Consultant for AEP Atlas Engineered Products 2005 Boxwood Rd Nanaimo, BC V9S 5X9 info@atlasaep.ca atlasengineeredproducts.com