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Q2 2026 RESULTS MARTINREA www.martinrea.com © 2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL ROB WILDEBOER Executive Chairman
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 3 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/or guidance or outlook as to: future revenue, sales, production sale s, margin, gross margin, earnings, earnings per share, adjusted earnings per share, adjusted net earnings per share, operating income margins, operating margins, adjusted operating income margins, cash flow, f ree cash flow, debt leverage, launch costs, operational improvements, capex, including outlook for 2026, and factors affecting the outlook and volumes; tariff and trade issues and any impact on the Company and industry; navigating challenges; the opportunities of the Tru North business; the Company’s strategy, including improvement plans; as well as other forward-looking statements. The words “continue”, “expect”, “anticipate”, “estimate”, “may”, “will”, “intend”, “believe”, “plan” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by Martinrea in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that Martinrea believes are appropriate in the circumstances, such as expected sales and industry production estimates, current foreign exchange rates (FX), timing of product launches and operational improvements during the period and current Board appr oved budgets. Forward-looking statements are based on estimates and assumptions made by Martinrea in light of its experience and its perception of historical trends, current conditions and expected future developments, as w ell as other factors that Martinrea believes are appropriate in the circumstances, including assumptions regarding customer production schedules and releases, North American and global light ve hicle production volumes, awarded programs proceeding substantially in accordance with current expectations, anticipated program launches, foreign exchange rates, commodity and input costs, labour availability and productivity, supply chain stability, customer cost recoveries, capital expenditure plans, current and anticipated tariff and trade policy frameworks, general economic and industry conditions and current Board approved budgets. Although customer supply arrangements generally do not provide minimum volume commitments and may be terminable under certain circumstances, management's planning and forecasting assumptio ns reflect the Company's historical experience that awarded business generally continues for the life of the applicable vehicle program. These assumptions form an important part of management's assessment of future production volumes, revenues and operating performance. In preparing forward-looking information, management also considers third-party industry production forecasts, expected vehicle production volumes in key markets, current sourcing levels, awarded business and the Company's expected operational performance. Certain industry, market and production data may be contained in this presentation and if s o has been obtained from third party sources, including Global Data Plc. While management believes such information to be reliable, it has not independently verified the accuracy or completeness of such i nformation. These forward-looking statements are subject to risks, uncertainties and assumptions that may cause actual results, performance or achievements to differ materially from those expected or implied by the forward-looking statements. Factors that may cause such differences include, but are not limited to, the impact the North American and global economic and political conditions, including any impact as a res ult of government policy or actions, trade issues or agreements and tariffs, inflation; the highly cyclical nature of the automotive industry and the industry’s dependence on consumer spending and general economic condit ions; Martinrea’s dependence on a limited number of significant customers; Martinrea’s reliance on critical suppliers for components and the risk that suppliers will not be able to supply components on a timely bas is or in sufficient quantities; competition; the factors discussed under the headings “Industry Highlights” and “Trends and Risks and Uncertainties” in Martinrea’s most recent Management Discussion and Analysis and Annual Information Form filed with applicable securities commissions, as well as other risk factors identified therein, and other filed documents available at www.sedarplus.ca, and the documents inc orporated by reference into such documents. These factors should be considered carefully, and readers should not place undue reliance on Martinrea’s forward-looking statements. If any of such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. We provide forward -looking statements solely for the purpose of providing information about management's current expectations and plans relating to the future. You are cautioned that such information may not be appropriate for other purposes. Except as required by law, we do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions, assumptions or circumstances on which any such statement is based. The Company prepares its financial statements in accordance with IFRS Accounting Standards. However, the Company considers certain non-IFRS financial measures as useful additional information in measuring the financial performance and condition of the Company. These measures, which the Company believes a re widely used by investors, securities analysts and other interested parties in evaluating the Company's performance, do not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similarly titled measures presented by other publicly traded companies, nor should they be construed as alternatives to financial measures determined in accordance with IFRS. Non-IFRS measures, some of which are referenced in this presentation, include “Adjusted Net Income”, “Adjusted Net Earnings per Share” (on a basic and diluted basis), “Adjusted Operating Income”, “Adjusted Operating Income Margin”, “Adj usted EBITDA”, “Adjusted EBITDA Margin”, “Adjusted EPS”, “Adjusted Earnings Per Share”, “Free Cash Flow”, “Free Cash Flow (after IFRS 16 lease payments)”, and “Net Debt”. Please refer to the Company’s previously filed annual and interim management discussion and analyses of operating results and financial position for a full reconciliation of IFRS to non -IFRS measures. FORWARD-LOOKING STATEMENTS
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL Agenda Pat D’Eramo | Chief Executive Officer Fred Di Tosto| President Peter Cirulis| Chief Financial Officer Rob Wildeboer| Executive Chairman Q&A
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL PAT D’ERAMO Chief Executive Officer
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www.martinrea.com | 6 KEY PRIORITIES INVEST IN NEW TECHNOLOGIES PARTNER TO REDUCE INVESTMENTEXCEED MARKET GROWTH ENHANCE OPERATING INCOME MARGIN AND FREE CASH FLOW FOCUS ON QUALITY OF EARNINGS AND FREE CASH FLOW GROW CORE AUTOMOTIVE BUSINESS ENSURE INVESTMENTS ARE SUCCESSFUL DEVELOP STRATEGIC PARTNERSHIPS/ RELATIONSHIPS GROW NON-AUTOMOTIVE BUSINESS FOCUS ON PROFITABLE, HIGH- GROWTH VERTICALS Key areas: Support investments with resources, gain value • Invest in new technologies • Support investments with resources (financial and human capital) • Monetize key investments Key focus: Promote new business with investment and resources • Expand Industrial business • Grow in new product categories • Potential M&A • Grow TruNorth Kaizen consulting business Key focus: Partner with Asian companies • Share global programs • Grow with Asian customers • Reduce risk • Reduce investment Key focus: Prudent Profitable Growth • Product cost • Product quality • Takeover opportunities • Potential M&A or partnerships Key focus: Lean, continuous improvement mindset, cost discipline. • Martinrea Operating System (MOS) • Operating cost improvement • Capacity utilization • AMT (Advanced Manufacturing Team)
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 7 $1,200.5M 1.63x $70.7M $1,166.5M $147.2M PRODUCTION SALES ADJUSTED EBITDA (12.3% MARGIN) TOTAL SALES ADJUSTED OPERATING INCOME (5.9% MARGIN) Q2 2026 HIGHLIGHTS NET DEBT TO ADJUSTED EBITDA (Excluding IFRS-16 Lease Liabilities)
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL FRED DI TOSTO President
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 9 • Continued strong operational execution: – Navigating through volatile industry dynamics (i.e., trade, tariffs, electric vehicle volumes, Iran conflict). – Managing what is in our control through strong operating performance and commercial activity. • Continued strong margins in North America, the main growth engine of our business. • Q2 operating loss in Europe. Action plans in place to improve performance, with a target to breakeven for full-year 2026. • Breakeven operating profit in the Rest of World segment in Q2. Reducing our footprint in the region. STATUS OF OPERATIONS
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 10 $40M In Annualized Sales 2026 - 2028 Start of Production TOTAL AWARDS OVER LAST FOUR QUARTERS $440M In Annualized Sales NEW BUSINESS AWARDS LIGHTWEIGHT STRUCTURES $55M In Annualized Sales 2027 - 2028 Start of Production PROPULSION SYSTEMS $10M In Annualized Sales 2027 Start of Production FLEXIBLE MANUFACTURING GROUP x $5M Consulting Contract
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL PETER CIRULIS Chief Financial Officer
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 12 VALUE CREATION ARC OPERATIONS CAPITAL ALLOCATION • Adjusted Operating Income 40bps higher quarter over quarter, despite temporary aluminum cost headwinds. • Demonstrated strength of our lean and continuous improvement mindset. • Higher volumes, opex improvement should provide meaningful operating leverage moving forward. • Net Debt to Adjusted EBITDA of 1.63x, broadly in line with our target of 1.5x • Repurchased 919,000 shares for $10 million. • Reduced net debt by $18 million. 1.41x 2.11x 3.11x 1.95x 1.40x 1.47x 1.64x 1.50x 1.50x 1.35x 1.60x 1.63x 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 2019 2020 2021 2022 2023 2024 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 NET DEBT TO LTM ADJUSTED EBITDA
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 13 In Canadian Dollars Q2 2026 Q2 2025 Production Sales $1,166.5M $1,199.2M Tooling Sales $34.1M $76.3M Total Sales $1,200.6M $1,275.5M Adjusted Operating Income $70.7M $86.1M Adjusted Operating Income % 5.9% 6.8% Adjusted EBITDA $147.2M $165.4M Adjusted EBITDA % 12.3% 13.0% Free Cash Flow $52.8M $72.0M Free Cash Flow (After IFRS-16 Lease Payments) $36.9M $57.9M Production sales were down 2.7% year over year, reflecting the end of the Ford Escape Program and lower production volumes in Europe, partially offset by sales from the acquisition of Lyseon North America (Martinrea Tulsa). Adjusted Operating Income Margin was down 90 basis points year over year, reflecting lower production sales, higher aluminum costs, and unfavourable FX on our Mexican cost base. Free Cash Flow was positive, but lower than expected, given the timing of trade and other receivables. We remain on track to meet our 2026 Free Cash Flow outlook of $125 - $175 million. FINANCIAL SCORECARD Year over year, Q2 2026 results impacted by lower volumes, including lost sales due to the Ford Escape program ending, negative foreign exchange, and higher aluminum costs.
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 14 TOTAL SALES ADJUSTED OPERATING INCOME MARGIN FREE CASH FLOW (before IFRS 16 lease payments) 2026F 2025A $125-$175M ($70-$120M after IFRS-16 lease payments) 5.5%-6.0% Approximately $300M 5.6% $237.7MCAPEX $4.5-$4.9B $4.822B $199.0M ($142.1 after IFRS-16 lease payments) 2026 OUTLOOK* *See Forward-Looking Statements on Slide 2 for material assumptions and risk factors underlying outlook information.
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL ROB WILDEBOER Executive Chairman
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 16 TRADE AND TARIFFS
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL CAPITAL ALLOCATION FRAMEWORK • Targeted Net Debt/Adjusted EBITDA ratio of ~1.5x or better • Maintain flexibility to invest for growth Maintain Strong Balance Sheet • Organic opportunities • Invest in R&D and new products • Acquisitions that fit product strategy • Priorities dictated by strict ROIC/IRR focus Invest to Maintain and Grow Our Business • Repurchase shares with excess liquidity (at the appropriate times) • Maintain dividend Return Capital to Shareholders www.martinrea.com | 17
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 18 3-Year Cumulative FCF Deployment (2023-2025) 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 over 10% of the Company’s equity. FREE CASH FLOW DEPLOYMENT $578.2 $214.0 $156.4 $98.4 $45.7 $22.1$0 $100 $200 $300 $400 $500 $600 FCF (Excl. Principal Lease Payments) Net Debt Reduction Principal Payment of Leases Share Buybacks Dividends Investments and Acquisitions
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com THANK YOU Q&A
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com APPENDIX
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 21 $1,275.5 $1,200.5 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 Q2 2025 Q2 2026 Sales ($ Millions) • Total sales down 5.9% year over year: – Production sales down 2.7% – Tooling sales down 55.4% • North American production sales were down 1.2%, reflecting: – Lost sales from the Ford Escape program, which ended production subsequent to the second quarter of 2025. – Lower year-over-year production volumes on certain vehicle platforms including the General Motors (GM) BEV3/BET , Mercedes EVA 2, Ford Mustang Mach E, and Lucid Air. – Negative FX translation. • Partially offset by: – $14.0 million in sales from the acquisition of Lyseon North America, Inc., completed subsequent to the second quarter of 2025. – Higher year-over-year production volumes on certain vehicle platforms including the Jeep Grand Cherokee and Wagoneer, GM large pickup truck and SUV platforms, Nissan Pathfinder and Rogue, Toyota Tacoma, and GM Equinox/Terrain. – The ramp-up of new programs including the Volvo EX90 and Chevrolet Bolt. • European production sales were down 8.0%, reflecting lower year-over-year volumes on key platforms, partially offset by favourable FX translation. • Rest of World production sales were down 7.9%, reflecting lower year-over- year production volumes. -5.9% YoY Q2 SALES $1,199.2 $1,166.5 $76.3 $34.1 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 Q2 2025 Q2 2026 Sales ($ Millions) Production Tooling
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 22 6.8% 5.9% 0.0% 2.0% 4.0% 6.0% 8.0% Q2 2025 Q2 2026 Adjusted Operating Income Margin (%) • Adjusted Operating Income Margin decreased 90bps year over year. • North American margin decreased slightly year over year, reflecting: − Decremental margins on lower year-over-year production sales. − Operational inefficiencies at certain operating facilities. − Partially offset by productivity and efficiency improvements at other operating facilities, and higher year-over-year favourable commercial settlements. • Europe margin was negative, reflecting: − Decremental margins on lower year-over-year production sales. − Lower year-over-year favourable commercial settlements. • Rest of World margin declined, reflecting decremental margins on lower year-over-year production sales. Q2 ADJUSTED OPERATING INCOME MARGIN
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 23 $0.66 $0.61 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 Q2 2025 Q2 2026 Adjusted Net Earnings Per Share ($) • Adjusted Net Earnings per Share of $0.61 decreased year over year, due to the factors affecting sales and Adjusted Operating Income Margin explained earlier, partially offset by: – Lower finance expense owing to lower debt levels and interest rates. – A foreign exchange gain compared to a loss in Q2 2025. – A lower effective tax rate. Q2 ADJUSTED NET EARNINGS PER SHARE
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 24 $72.0 $52.8 $0 $20 $40 $60 $80 Q2 2025 Q2 2026 Free Cash Flow ($ Millions) • Free Cash Flow was positive in the second quarter of 2026, but lower year over year, reflecting: – An increase in cash used in non- cash working capital. – Lower Adjusted EBITDA. – Higher capex. – Partially offset by lower cash taxes and interest paid on long- term debt. Q2 FREE CASH FLOW
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©2025 Martinrea International Inc. | Do Not Copy or Distribute CONFIDENTIAL www.martinrea.com | 25 STAY CONNECTED