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Astec Industries Second Quarter Earnings August 5 , 2026
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Certain statements contained in this presentation contain forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, income, earnings, cash flows, changes in operations, operating improvements, businesses in which we operate and the United States and global economies. Statements in the presentation that are not historical are hereby identified as “forward-looking statements” and may be indicated by words or phrases such as “anticipates” , “supports” , “plans” , “projects” , “expects” , “believes” , “should” , “would” , “could” , “hope” , “forecast” , “management is of the opinion” , use of the future tense and similar words or phrases. These forward-looking statements are based largely on management’s expectations, which are subject to a number of known and unknown risks, uncertainties and other factors discussed and described in our most recent Annual Report on Form 10-K, including those risks described in Part I, Item 1A thereof, and in other reports subsequently filed by us with the Securities and Exchange Commission, which may cause actual results, financial or otherwise, to be materially different from those anticipated, expressed or implied by the forward-looking statements. All forward-looking statements included in this document are based on information available to us on the date hereof, and we assume no obligation to update any such forward-looking statements to reflect future events or circumstances, except as required by law. NON-GAAP MEASURES In an effort to provide investors with additional information regarding the Company’s results, the Company refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures which management believes provide useful information to investors. These non-GAAP measures have no standardized meaning prescribed by U.S. GAAP and therefore are unlikely to be comparable to the calculation of similar measures for other companies. Management of the Company does not intend these items to be considered in isolation or as a substitute for the related GAAP measures. Nonetheless, this non-GAAP information can be useful in understanding the Company’s operating results and the performance of its core business. Management of the Company uses both GAAP and non-GAAP financial measures to establish internal budgets and targets and to evaluate the Company’s financial performance against such budgets and targets. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is included in the appendix. Safe Harbor 2
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Second Quarter Highlights 3 Jaco van der Merwe CEO and President
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Second Quarter $408.1M Net sales $42.6M Adjusted EBITDA1 10.4% Adjusted EBITDA Margin1 Q2 Net sales of $408.1M increased 23.6% Positive free cash flow driven by continued focus on consistency, profitability and working capital management Infrastructure Solutions — Overall, the market remains healthy. Demand for concrete equipment remained solid while forestry and mobile paving improved. Increases in bitumen and diesel fuel prices and the timing of the federal highway bill renewal have caused select asphalt plant customers to shift. Materials Solutions — Strong demand for aggregate crushing and screening equipment and aftermarket parts and service. Federal, state, local projects and construction of data centers are expected to drive multi-year demand. Backlog increased 57.9% to $601.1 million led by strong demand for aggregate processing equipment 1 See appendix for the reconciliation of GAAP to Non-GAAP measures $1,555.1M Net sales $144.8M Adjusted EBITDA1 TTM2 Highlights Parts and Service sales of $135.5 million increased 34.8%. As a percentage of net sales Parts and Service reached 33.2% and 35.0% for the quarter and YTD, respectively Full Year 2026 Adjusted EBITDA Guidance Range $160 Million to $175 Million 2 TTM is trailing twelve months as of 6/30/26 Quarterly comparisons are versus same period prior year Adjusted EBITDA of $42.6M increased 26.0% generating an adjusted EBITDA margin of 10.4% 4 9.3% Adjusted EBITDA Margin1
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Hillhead 2026 Consistent with Investor Day New Product Development Growth Drivers 5 Launched 8 new products Demonstrated 2 new prototypes Frontier JA45 Frontier SDF16 Frontier FT200 Frontier GT125 Frontier SF16 SF20 Multi-Frequency Pioneer 6203 –LPV Kolberg EcoScrub Telestack TCL 1031 Zero Telestack LF 527 2 UK dealers added
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Two Infrastructure Eras, Two Funding Models Infrastructure Investment & Jobs Act vs. BUILD America 250 Act — what the surface -transportation reauthorization means for investors Infrastructure Investment Jobs Act FY2021 - FY2026 (expires Sept 30, 2026) BUILD America 250 FY2027 – FY2031 · House T&I, 62–2 Headline funding $1.2T Five-Year bill $580B Five-year bill Highways (FHWA) ~$351B ~$376B (+7%) Highway and Bridge 87% formula funding, 13% discretionary - Formula Funds - FY2026 $62.07B 90% formula funding, 10% discretionary - Formula Funds - FY2027 $65.54 billion - FY2028 $66.13 billion - FY2029 $67.29 billion - FY2030 $68.38 billion - FY2031 $69.54 billion Sources: ARTBA, Holland & Knight, ASCE, U.S. DOT (2026) Bridges ~$40B ~$45B (+12%) BUILD America 250 channels more guaranteed, formula-based dollars into highways (+7%) and bridges (+12%) 6
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Implied orders are calculated by taking current period backlog minus prior period backlog plus current period sales 2Q 26 Implied Orders Book to Bill Ratio is Implied Orders for the period divided by Sales $308 $419 $465 $431 $460 93% 120% 116% 109% 113% 0 50 100 150 200 250 300 350 400 450 500 0% 20% 40% 60% 80% 100% 120% 140% 2Q25 3Q25 4Q25 1Q26 2Q26 Implied Orders ($M) INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONSCONSOLIDATED +6.7% Q/Q Book to Bill Ratio $183 $197 $258 $255 $204 90% 102% 115% 108% 90% 0 50 100 150 200 250 300 0% 20% 40% 60% 80% 100% 120% 140% 2Q25 3Q25 4Q25 1Q26 2Q26 Implied Orders ($M) -20.0% Q/Q Book to Bill Ratio $125 $222 $207 $176 $256 99% 141% 117% 110% 142% 0 50 100 150 200 250 300 0% 20% 40% 60% 80% 100% 120% 140% 160% 2Q25 3Q25 4Q25 1Q26 2Q26 Implied Orders ($M) +45.5% Q/Q Book to Bill Ratio Orders prior to Q3 25 exclude the impacts of the Terra Source acquisition and Orders prior to Q1 26 exclude impacts from the CWMF acquisition 7
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Historical Backlog Backlog prior to Q3 25 exclude the impacts of the Terra Source acquisition and backlog prior to Q1 26 exclude impacts from the CWMF acquisition $256 $260 $294 $313 $289 2Q25 3Q25 4Q25 1Q26 2Q26 $381 $450 $514 $549 $601 2Q25 3Q25 4Q25 1Q26 2Q26 Backlog ($M) Backlog ($M) Backlog ($M) INFRASTRUCTURE SOLUTIONS MATERIALS SOLUTIONSCONSOLIDATED $125 $190 $220 $236 $312 2Q25 3Q25 4Q25 1Q26 2Q26 8
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Second Quarter Financial Results Brian Harris Chief Financial Officer 9
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10.2% 10.4% 10.3% 9.3% 2Q 2025 2Q 2026 TTM 2025 TTM 2026 NET SALES ADJ. EBITDA1 ADJ. EBITDA MARGIN1 ADJ. EPS1 ($M, except per share and percentage data) $330.3 $408.1 $1,310.1 $1,555.1 2Q 2025 2Q 2026 TTM 2025 TTM 2026 +23.6% $33.8 $42.6 $134.3 $144.8 2Q 2025 2Q 2026 TTM 2025 TTM 2026 +26.0% 1 See appendix for the reconciliation of GAAP to Non-GAAP measures. +18.7% +7.8% $0.90 $0.94 $3.37 $3.01 2Q 2025 2Q 2026 TTM 2025 TTM 2026 +4.4% (-10.7%) +20 bps 2Q26 Financial Results (-100 bps) TTM is trailing twelve months as of 6/30 for each respective year 10
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15.7% 14.4% 16.8% 14.4% 2Q 2025 2Q 2026 TTM 2025 TTM 2026 NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN $204.6 $228.3 $854.4 $882.1 2Q 2025 2Q 2026 TTM 2025 TTM 2026 $32.2 $32.9 $143.8 $127.1 2Q 2025 2Q 2026 TTM 2025 TTM 2026 +11.6% +2.2% 2Q26 Financial Performance ($M, except percentage data) (-130 bps) (-11.6%) (-240 bps) +3.2% Infrastructure Solutions TTM is trailing twelve months as of 6/30 for each respective year 11
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11.4% 12.3% 9.0% 10.0% 2Q 2025 2Q 2026 TTM 2025 TTM 2026 NET SALES SEGMENT OPERATING ADJ. EBITDA SEGMENT OPERATING ADJ. EBITDA MARGIN $125.7 $179.8 $455.7 $673.0 2Q 2025 2Q 2026 TTM 2025 TTM 2026 $14.3 $22.1 $41.2 $67.0 2Q 2025 2Q 2026 TTM 2025 TTM 2026 +43.0% +54.5% 0 bps +47.7% +62.6% +100 bps Materials Solutions 2Q26 Financial Performance ($M, except percentage data) TTM is trailing twelve months as of 6/30 for each respective year +90 bps 12
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Maintain Strong, Flexible Balance Sheet with Ample Liquidity ($M) 6/30/26 Cash and Cash Equivalents $75.7 Available Credit $190.1 T otal Available Liquidity $265.8 Net Debt/Adjusted EBITDA within target range of 1.5x to 2.5x COMMENTARY • Operating activities were a $12.1M source of cash for Q2 2026 • $250M revolving credit facility • In compliance with all covenants • Net Debt/TTM Adjusted EBITDA1 ~ 2.2x LIQUIDITYTOTAL LIQUIDITY ($M) 1 See appendix for the reconciliation of GAAP to Non-GAAP measures. $248 $312 $315 $268 $266 2Q25 3Q25 4Q25 1Q26 2Q26 TTM is trailing twelve months as of 6/30/26 13
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2030 Financial Targets Creating Value For Our Employees, Customers, Partners and Shareholders 14 2030 Financial TargetsThe Built to Connect Way Adj. EBITDA Margin 14% to 17% Adj. ROIC 13% to 15% Operating Cash Flow 25%+ CAGR
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Trusted source — High-quality solutions and strong global brand recognition Favorable Customer Sentiment — Customer optimism expressed at Hillhead 2026, the United Kingdom's largest exhibition of quarry , construction and recycling equipment Path to 2030 Growth Drivers — • New Products: Excitement and momentum in our innovation pipeline • Recurring Parts and Service Revenue: Growing aftermarket parts business consistently represents 33% to 35% of total revenue. • Stable Funding: Encouraged by increased federal and state highway funding • Digital: Unified connectivity suites provide valuable customer solutions • Industry Megatrends (Data centers, reindustrialization, rare earth minerals, etc.) • Strong Balance Sheet o Inorganic Growth: Demonstrated process, discipline and focus on strategic acquisitions o International: Expansion opportunities in current and future markets Investment Highlights Operational Excellence — Manufacturing investments and procurement efforts driving efficiencies 15
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QUESTIONS AND ANSWERS Steve Anderson SVP of Administration & Investor Relations Phone: 423-553-5934 Email: sanderson@astecindustries.com 16
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Appendix 17
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GAAP vs Non-GAAP Adjusted EPS Reconciliations (in millions, except per share amounts; unaudited) 18
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EBITDA and Adjusted EBITDA Reconciliations (in millions, except percentage data; unaudited) 19
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Free Cash Flow Reconciliations (in millions, except percentage data; unaudited) 20