Slides
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Q3 F2026 Earnings Call July 30, 2026
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EXCO TECHNOLOGIES LIMITED | 2 This presentation contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. We may use words such as “anticipate” , “may” , “will”, “should”, “expect” , “believe", "estimate", “5-year target” and similar expressions to identify forward-looking information and statements especially with respect to growth, outlook and financial performance of the Company's business units, contribution of our start-up business units, contribution of awarded programs yet to be launched, margin performance, financial performance of acquisitions, liquidity, operating efficiencies, improvements in, expansion of and/or guidance or outlook as to future revenue, sales, production sales, margin, earnings, earnings per share, including the revised outlook for 2026, are forward-looking statements. These forward-looking statements include known and unknown risks, uncertainties, assumptions and other factors which may cause actual results or achievements to be materially different from those expressed or implied. These forward- looking statements are based on our plans, intentions or expectations which are based on, among other things, the current improving global economic recovery from the COVID-19 pandemic and containment of any future or similar outbreak of epidemic, pandemic, or contagious diseases that may emerge in the human population, which may have a material effect on how we and our customers operate our businesses and the duration and extent to which this will impact our future operating results, the impact of the Russian invasion of Ukraine on the global financial, energy and automotive markets, including increased supply chain risks, assumptions about the demand for and number of automobiles produced in North America and Europe, production mix between passenger cars and trucks, the number of extrusion dies required in North America and South America, the rate of economic growth in North America, Europe and emerging market countries, investment by OEMs in drivetrain architecture and other initiatives intended to reduce fuel consumption and/or the weight of automobiles in response to rising climate risks, raw material prices, supply disruptions, economic conditions, inflation, currency fluctuations, trade restrictions, energy rationing in Europe, our ability to integrate acquisitions, our ability to continue increasing market share, or launch of new programs and the rate at which our current and future greenfield operations in Mexico and Morocco achieve sustained profitability. Readers are cautioned not to place undue reliance on forward-looking statements throughout this document and are also cautioned that the foregoing list of important factors is not exhaustive. The Company will update its disclosure upon publication of each fiscal quarter's financial results and otherwise disclaims any obligations to update publicly or otherwise revise any such factors or any of the forward-looking information or statements contained herein to reflect subsequent information, events or developments, changes in risk factors or otherwise. For a more extensive discussion of Exco's risks and uncertainties see the 'Risks and Uncertainties' section in our latest Annual Report, Annual Information Form ("AIF") and other reports and securities filings made by the Company. This information is available at www.sedar.com or www.excocorp.com Cautionary Statement
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Darren Kirk Chief Executive Officer Operations Review
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EXCO TECHNOLOGIES LIMITED | 4 Q3 F2026 Operations Overview Key Highlights in the Quarter – Automotive Solutions • Segment sales of $88.3M, up 9% year-over-year (+8% ex-FX) — well ahead of broadly flat industry vehicle production • Growth driven by recent and ongoing program launches, favourable vehicle mix and continued expansion of accessory products with new and existing customers • U.S. SAAR averaged ~16.2M units in the quarter, including 16.5M in June • Margins tempered by product mix, higher labour costs and energy/supply-chain inflation — responding with pricing actions, lean manufacturing and automation initiatives • Europe remains challenging amid OEM restructuring; supplier consolidation and Morocco manufacturing footprint creating new opportunities • Quoting activity increased in the quarter, supporting future program awards and content-per-vehicle growth • Q4 to reflect normal seasonality from OEM summer shutdowns
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EXCO TECHNOLOGIES LIMITED | 5 Q3 F2026 Operations Overview Key Highlights in the Quarter – Casting and Extrusion • Segment sales of $77.1M, up 4%; EBITDA margin expanded to 16.2% from 12.7% on pricing discipline, operational efficiency and cost actions • Extrusion tooling demand solid and diversified — construction, transportation, renewable energy, electrical and AI/data-centre infrastructure; Americas the fastest-growing region for aluminum demand • Capital equipment activity (containers, die ovens) increasing as North American extruders invest in new press capacity; sales coverage reinforced in NA and Europe • Die-cast revenues stable; results held back by customer shipment delays, incremental Mexico closure costs and lower margins on legacy-priced tools — Q4 expected materially better as the strong shipping schedule executes • Die-cast backlog above historical levels and diversifying beyond passenger vehicles into energy, heavy truck and industrial applications; recent order intake priced meaningfully better • Continued momentum in giga-press tooling — large-envelope machining, high-tonnage crane capacity and additive capabilities position Exco as adoption broadens across OEMs and Tier 1s
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EXCO TECHNOLOGIES LIMITED | 6 Q3 F2026 Operations Overview Key Highlights in the Quarter – Casting and Extrusion • Officially launched Exco Energy in Q3 F26 — the formalization of several years of groundwork applying Exco's precision-machining, engineering and quality capabilities to the Canadian nuclear sector • Hosted the Government of Canada's Nuclear Energy Strategy announcement at our Newmarket facility on June 22 — Engagement with utilities, government and industry partners deepening; quoting activity very encouraging • Beyond nuclear: applying additive manufacturing expertise across other technically demanding end markets to diversify earnings over time
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Matthew Posno Chief Financial Officer Financial Review
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EXCO TECHNOLOGIES LIMITED | 8 Q3 F2026 Financial Overview Consolidated Results Versus Prior Year Period • Record Q3 revenue of $165M; up 7% compared to $154M last year • FX adjusted revenue was up 6% • EBITDA of $18.5M; up 26% from $14.7M last year • Casting and Extrusion EBITDA margin improved from 12.7% to 16.2% due to a strong performance at Extrusion, and improvements at Castool partially offset by lower results from Large Mould Group, including final closures costs of Mexico plant • Automotive Solutions EBITDA margin declined from 11.4% to 9.6% due to higher labour costs and unfavourable product mix. • Incremental restructuring costs of $900k this year • Outlook is generally favorable for Q4F26, particularly for C&E as contributions from Large Mould are expected to improve. Auto Solutions segment will reflect OEM summer shut-downs • EPS of $0.15 versus $0.14 - Taxes last year were favorably impacted by Research and Development credits • Free cash flow of $9.7M in the quarter (after $3.3M of working capital use and $2.6M of maintenance capex) • Balance sheet net debt was $64M and net leverage was 0.9x
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EXCO TECHNOLOGIES LIMITED | 9 0 2 4 6 8 10 Q3 F25 Q3 F26 Segment EBITDA (8%) Automotive Solutions Segment Margin compression on product mix, higher labour costs and unfavourable foreign exchange 0 15 30 45 60 75 90 Q3 F25 Q3 F26 Revenue 0% 2% 4% 6% 8% 10% 12% Q3 F25 Q3 F26 Segment EBITDA Margin (2%) C$ Millions C$ Millions 9%
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EXCO TECHNOLOGIES LIMITED | 10 0 15 30 45 60 75 90 Q3 F25 Q3 F26 Revenue Casting & Extrusion Segment Segment EBITDA expanded with improved sales, mix, pricing actions and cost discipline 0 2 4 6 8 10 12 14 Q3 F25 Q3 F26 Segment EBITDA 33% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% Q3 F25 Q3 F26 Segment EBITDA Margin 3% C$ Millions C$ Millions 4%
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EXCO TECHNOLOGIES LIMITED | 11 Financial Leverage & Liquidity Balance Sheet net leverage of 0.9x as at June 30, 2026 • LTM EBITDA of C$72M • C$150M committed revolver matures March 2029 • Balance sheet net debt of $64M • C$62M of Liquidity • Significant cushion to bank facility covenants • Strong cash generation supporting dividends and buybacks 26.1 90.0 -100 -80 -60 -40 -20 0 20 C$ Millions Exco C$64M Net Debt Revolver Borrowings Cash
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EXCO TECHNOLOGIES LIMITED | 12 Questions