Slides
Page 1
Ducommun Investor Presentation Q2 2026
Page 2
Disclosures 2 Forward-Looking Statements: This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward -looking statements may be preceded by, followed by or include the words “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. These statements are based on the beliefs and assumptions of the Company ’s management. Generally, forward-looking statements include information concerning the Company’s possible or assumed future act ions, events or results of operations. Forward-looking statements specifically include, without limitation: the information in this presentation regarding: our expected top- line growth, margin expansion, percentage of revenues from our engineered products businesses, targeted aftermarket mix percentage, and other key tenets of our shareholder value creation strategy, all through 2027; the expected results and annualized savings from our footprint consolidation initiative; our position on, and estimated build rates for, key commercial aerospace platforms through 2027; our M&A strategy under our VISION 2027 game plan for investors; our expectations relating to macro defense tailwinds and our relationships with key defense primes; expectations related to the U.S. Department of War's long- term framework agreements for key missile programs with defense primes and their impact on the growth of our defense business in 2027 and beyond; and our expectations related to the impact of tariffs on our 2026 perf ormance. Although the Company believes that the expectations reflected in the forward- looking statements are based on reasonable assumpti ons, these forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. The Company cannot guarantee future results, performance or achievements. Moreover, neither t he Company nor any other person assumes responsibility for the accuracy and completeness of the forward- looking statements. All written and oral forward- looking statements made in connection with this presentation that are attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by “Risk Factors” and other cautionary statements included herein. The information in this presentation is not a complete description of the Company’s business or the risks. There can be no as surance that other factors will not affect the accuracy of these forward- looking statements or that the Company’s actual results wi ll not differ materially from the results anticipated in such forward-looking statements. Factors that could cause actual results to differ materially from those estimated by the Company include, but are not limited to, those factors or conditions described under “Risk Factors” in the C ompany’s Annual Report on Form 10- K/A for the year ended December 31, 2025 filed with the Securities and Exchange Commission (SEC) and the following: our indebtedness could limit our financing options, adversely affect our financial condition, and prevent us from fulfilling our debt obl igations, we require a considerable amount of cash to run our business, we require a considerable amount of cash to fund our anticipated voluntary principal prepaym ents on our Credit Facilities, the covenants in our credit facilities impose restrictions that may limit our operating and fi nancial flexibility, legal and regulatory risks, including pending litigation matters generally and any losses arising from litigation relating to the Guaymas performance center fire that may become material, the typical trading volume of our common stock may affect an investor’s ability to sell significant stock holdings in the future without negatively impacting stock price, our amount of debt may require us to raise additional capital to fund acquisitions, our end-use markets are cyclical, we depend upon a select base of industries and customers, which subjects us to unique risks whic h may adversely affect us, a significant portion of our business depends upon U.S. Government defense spending, exports of certain of our products and our production facility in Guaymas, Mexico are subject to various export control regulations and authorizations, and we may not be successful in obtaining the necessary U.S. Government approvals and related export licenses for proposed sales to certain foreign customers, contracts wi th some of our customers, including Federal government contracts, contain provisions which give our customers a variety of right s that are unfavorable to us and the OEMs to whom we provide products and services, including the ability to terminate a contract at any time for convenience, further consolidation in the aerospace industry could adversely affect our business and financial results, our growth strategy includes evaluating selected acquisitions, which entails certain risks to our business and financial performance, We may not be successful in achieving ex pected operating efficiencies and sustaining or improving operating expense reductions, and may experience business disruptions associated with restructuring, performance center consolidations, realignment, cost reduction, and other strategic initiatives, as we move up the value chai n to become a more value added supplier, enhanced design, product development, manufacturing, supply chain project management and other skills will be required, risks associated with operating and conducting our business outside the United States could adversely impact us, customer pri cing pressures could reduce the demand and/or price for our products and services, our products and processes are subject to ris k of obsolescence as a result of changes in technology and evolving industry and regulatory standards, we may not have the ability to renew facilities leases on terms favorable to us and relocation of operations presents risks due to business interruption, we are subject to extensive r egulation and audit by the Defense Contract Audit Agency, We are subject to a number of procurement laws and regulations and our business and our reputation could be adversely affected if we fail to comply with these laws, our operations are subject to numerous extensive, complex, costly and evolving laws, regulations and restrictions, including cybersecurity requirements, and failure to comply with these laws, regulations and restrictions c ould subject us to penalties and sanctions that could harm our business, environmental liabilities could adversely affect our fi nancial results, we may be subject to litigation, other legal proceedings and indemnity claims, and, if any of these are resolved adversely against us in amounts t hat exceed the limits of our insurance coverage, it could have a material adverse effect on our business, financial condition, and results of operations, product liability claims in excess of insurance could adversely affect our financial results and financial condition, we use estimates when bidding on fixed- price contracts and changes in our estimates could adversely affect our financial results, goodwill and/or other assets could be impaired in the future, which could result in substantial charges, we expect to face increased costs and resources needed to comply with the SEC cyberse curity rule and cybersecurity threats, unanticipated changes in our tax provision or exposure to additional income tax liabil ities could affect our profitability, management identified a material weakness in the past in our internal control over financial reporting which could, if not remediated, adversely impact the reliability of our financial reports, cause us to submit our financial reports in an untimely fas hion, result in material misstatements in our financial statements and cause current and potential stockholders to lose confidence in our financial reporting, which in tur n could adversely affect the trading price of our stock, our ability to accurately report our financial results or prevent fraud may be adversely affected if our internal control over financial reporting is not effective, we are dependent upon our ability to attract and retain key personnel, labor disruptions by our employees could adversely affect our business, we rely on our suppliers to meet the quality and delivery expe ctations of our customers, Cybersecurity attacks, internal system or service failures may adversely impact our business and operations, we may be unable to adequately protect or enforce our intellectual property rights, assertions by third parties that we violated their intellectual property rights could have a material adverse effect on our business, financial condition, and results of operations, and damage or destruction of our facilities c aused by storms, earthquake, fires or other causes could adversely affect our financial results and financial condition. The Company cautions the reader that undue reliance should not be placed on any forward- looking statements, which speak only as of the date of this presentation. The Company does not undertake any duty or responsibility to update any of these forward- looking statements to reflect events or circumstances after the date of this presentation or to reflect actual outcomes. Non-GAAP Financial Measures: This presentation includes certain non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA Margin. For a reconc iliation of such non-GAAP financial measures to the closest GAAP measure as well as why management believes these measures are useful, see “Non-GAAP Financial Measures” in the Appendix of this presentation. Other: The inclusion of information in this presentation does not indicate that such information is material or that disclosure of s uch information is required. Industry and Customer Information: Market data and industry information used throughout this presentation are based on management’s knowledge of the industry and t he good faith estimates of management. The Company also relied, to the extent available, upon management’s review of independent industry surveys and publications and other publicly available information prepared by a number of thir d-party sources. All of the market data and industry information used in this presentation involves a number of assumptions and lim itations, and you are cautioned not to give undue weight to such estimates. Although the Company believes that these sources are reliable, the Company cannot g uarantee the accuracy or completeness of this information, and the Company has not independently verified this information. W hile the Company believes the estimated market position, market opportunity and market size information included in this presentation are generally reliabl e, such information, which is derived in part from management’s estimates and beliefs, is inherently uncertain and imprecise. No representations or warranties are made by the Company or any of its affiliates as to the accuracy of any such statements or projections. Projections, assumptions and estimates of the Company’s future performance and the future performance of the industry in which the Company operates ar e necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in the Company’s estimates and beliefs and in the estimates prepared by independent parties. Further, the inclusion of customer logos or references to specific programs in this presentation is not an endorsement by the Company.
Page 3
Our Rich History Becomes largest metals materials supplier to the Aerospace industry in Southern Calif. 1950s Founded as a watch business, & then general store, during Gold Rush years. 1849 1848 California becomes part of the United States. Expands into Engineered Products through strategic acquisitions. 2000s Provides aircraft aluminum to Aerospace pioneers Lindbergh, Douglas and Lockheed. 1930s New Management sharpens strategic focus on Aerospace & Defense along with streamlining the organization and defining the M&A strategy. 2017 Diversifies into distribution of electronic components for the Aerospace industry. 1960s Courtesy: NASA 3 2022+ Post pandemic lays out VISION 2027 roadmap.
Page 4
Evolution of Ducommun’s Financial Profile FY 2016 LTM Q2 2026 Change Market Statistics Market Capitalization1 $286 $2,817 884% Enterprise Value2 $449 $3,054 581% Financial Net Revenues $551 $865 57% Adj. EBITDA $55 $148 168% Adj. EBITDA % 10% 17% ~700bps Note: May not sum due to rounding. 1 FY2016 based on closing share price of $25.56 as of December 30, 2016 and 11.2M common shares outstanding. LTM Q2 2026 based on closing share price of $186.60 as of July 2, 2026 and 15,099K common shares outstanding as of July 4, 2026 . 2 FY2016 and Q2 2026 assumes $163M and $237M of net debt, respectively. ($ millions) 4 Creating significant shareholder value through strong financial performance
Page 5
Narrowbody 43% Business Jets 14% Widebody 9% Other 34% Our Company Leading manufacturer mainly as a Tier 1 supplier of complex electronics and structural systems for the commercial aerospace, defense, and space markets Revenue by End Market1 LTM Q2 2026 Adjusted EBITDA Margin: 17.2% LTM Q2 2026 Revenue: $865M Q2 2026 Ending RPO: $1.16B Commercial Aerospace Mix1 ...Across a Broad Range of Customers Missiles & Radar Military Aircraft JSF Blackhawk F-15 Apache Large Commercial B787 A220 A320 B737 Family Diverse Product Content on Large and Growing Platforms… PAC-3 Tomahawk Gulfstream family S-92 SPY-6 MIR/Iron Dome Virginia Class XM30 5 1 Figures based on LTM Q2 2026 Net Revenues mix. Sales $ in millions. Military & Space 58% Commercial 38% Other 4% Other Platforms
Page 6
Our Segments Overview Financial Profile (2025) Revenue $463mm $362mm Adj. EBITDA Margin 21%1 19%1 Selected Products Key Customers Electronic Systems (56% of 2025 Revenue) Structural Systems (44% of 2025 Revenue) Human Machine Interface Lightning Protection Motion Control Integrated Box Build Ruggedized Wire Harness Complex Circuit Card Innovative and ruggedized electronic and electromechanical products and assemblies Engineered aerostructure components and assemblies Titanium Hot Forming VersaCore Composite TM & Metalbond Extruded Thermoplastics Ammunition Handling Systems Aluminum Stretch Form & Chemical Mill Titanium Super Plastic Forming Aerodynamic Enhancement Products Magnetic Seals 1 Figures based on FY 2025 6
Page 7
13% ~18% 2022 Vision 2027 713 ~ 950 – 1,000 2022 Vision 2027 Scale from continued Commercial Aerospace recovery and Defense growth Pricing strategy focused on value Strategic acquisitions2 Cost reductions and improved investment decisions Facility consolidation 1. VISION 2027 information as included in the Company’s December 8, 2022 Investor Day Presentation, with the baseline 2022 Estimate updated for actuals. 2. Acquisition placeholder $75M+ 7 Adj. EBITDA Margin (%) ~$950 Million – $1 Billion of Net Revenues by 2027 Vision 20271 ($ millions) 2026 Q2 at 23% Engineered Products (% of revenue) 15% 25% 2026 Q2 at 17.1%
Page 8
Key Investment Highlights Differentiated Manufacturing Services Capabilities Expanding Portfolio of Proprietary Product Businesses Across Several Niche Segments Cost Reduction Initiatives and Facility Rationalization Provide Further Margin Runway Demonstrated M&A Strategy and Execution Tier 1 Industry Player Entirely Focused on Aerospace & Defense Well Positioned to Capture Commercial Aerospace Recovery with Content on Key Platforms Growing Defense Business with Strong Long Term Macro Tailwinds, significant missile exposure Limited exposure to tariffs 1 2 3 4 5 6 7 8 8
Page 9
Expanding Portfolio of Engineered Product Businesses Human Machine Interface Products Ammunition Handling Systems Magnetic Seals Lightning Protection Thermoplastic Extrusions RF Switches Segmented diverter strips and suppressors Magnetic and mechanical seals Ammunition chutes, magazines and integrated ammunition handling systems Push Button Switches & Display Panels Microwave switches High Reliance motors and resolvers Proprietary Designs Significant Sole Source Positions Aftermarket content Motors & Resolvers * *Proprietary process capability held by very limited group of suppliers and aftermarket content percentage is based on management estimates VISION 2027 information as included in the Company’s December 8, 2022 Investor Day Presentation. Thermoplastic extrusions and assemblies Aerodynamic Systems Aerodynamic Systems including FastFin® systems, winglet systems, propellers and flow modifiers Grew from 9% of revenue in 2017 to ~15% in 2022 with a target of 25% by 2027 Increased aftermarket mix from 6% in 2017 to ~10% in 2022 with a target of 15% by 2027 9 2026 Q2 at 23% 2021 Acquisition 2019 Acquisition 2023 Acquisition 2017 Acquisition 2018 Acquisition
Page 10
Cost Reduction Initiatives to Support Margin Growth Consolidate redundant footprint & expand low-cost capability driving anticipated $11-13M in annual savings Low Cost Footprint Expansion Facility Consolidation Increased square footage from 62k to 117k in Q1 2023 Expanded capabilities beyond VersaCore to metal bond and wire harnesses Guaymas, Mexico Guaymas, Mexico Coxsackie, New York Joplin, Missouri Facility sold Facility shutdown in Q4 2024 Monrovia, CA (274k sq ft) Berryville, AR (50k sq ft) 10
Page 11
Transition to higher engineered product content and aftermarket revenues while continuing to build a portfolio of niche A&D businesses that are industry leaders in innovation and customer satisfaction M&A Strategy Acquire proprietary engineered A&D product businesses that have sufficient runway for Ducommun to create significant value for its shareholders Mission VISION 2027 25%+ engineered products 15%+ aftermarket VISION 2027 information as included in the Company’s December 8, 2022 Investor Day Presentation. 11
Page 12
Well Positioned on Key Commercial Aerospace Platforms Growth with Airbus Platforms Boeing Recovery Play – Content on MAX and 787 A220 A320 family Strong position on key Boeing platforms being supplemented by growing Airbus book of business 3X growth in revenues from Airbus platforms from 2017 through 2023 Achieved D2P Supplier status with Airbus in 2020 Shipset value estimate 737MAX 787 Significant content with titanium superplastic and hot form, thermoplastic and lightning protection products 737MAX production rate at Boeing showing signs of solid recovery in 2026 and 2027 5-year contract with additional 2-year option received in 2021 for A320 family and A330 platforms 787 production rate increases provide opportunities for growth NOTE: Shipset values based on 2025 pricing and workshare. 12 Business Jet and Commercial Rotorcraft Gulfstream G500/600 S-92 Ducommun awarded Gulfstream Aerospace Corporation's 2023 Supplier of the Year award Business jets grew over 90% since 2021 Commercial rotorcraft has more than doubled since 2022 ~$175k ~$50k~$150k ~$150k ~$140k ~$40k
Page 13
Positioned to Benefit from Macro Defense Tailwinds Defense Prime Off Loading Well Positioned on Next - Gen and DOD Priority Platforms Missiles & Missile Systems Strong position on over a dozen key missile platforms including TOW, AMRAAM, MIR, PAC-3, SM-2, SM-3, SM-6, and Tomahawk Missile Defense & Radars Significant content on next-gen missile defense and related radar programs including SPY-6, LTAMDS/ GhostEye®, NASAMS UAVs and Counter-UAS Leveraging experience and capabilities to pursue content on next gen UAV and counter UAS platforms Hypersonics Partnering with leading Defense primes on Hypersonics and Counter Hypersonic programsSPY-6 Next Gen Jammer Mid Band Ducommun is bolstering its strong relationships with key Defense Primes Take non-core manufacturing out of defense prime factories into lower cost Ducommun footprint Track record of on-time delivery and quality gives customers the confidence to shift work Win-Win solution with enough value to share between the primes and Ducommun 13
Page 14
DoW Missile Framework Agreements Catalyst for Defense Growth AMRAAM SM3 - IB SM3 - IIA Tomahawk PAC - 3 THAAD Current Annual Estimated Production* Revised Annual Production over Next 7 years* DCO Incumbent Supplier SM6 14 ~1,100 ~70 125 55 - 90 ~600 96 1.5x 2x - 4x 4x 10x 3x 4x DoW significantly ramping production for key missiles through long-term framework agreements with primes DCO favorably positioned with primes as existing supplier on all these programs Driving Strong Defense Growth in 2027 and Beyond *Current production and growth figures taken from published reports. See Appendix for links providing details
Page 15
Differentiated Manufacturing Services Capabilities Increasing electronics content Continued use of light-weight materials Rapidly expanding narrowbody fleet Differentiated capabilities supported by significant IP including trade secrets and know-how Increased on-shoring of manufacturing 1 Charles Edwards Management Consulting (April 2021) Titanium Hot & SuperPlastic forming Complex Stretch Form & Chem Mill VersaCore Composites Circuit card assemblies & box builds Ruggedized Interconnects Proprietary VersaCore Composite – Nacelle Components with opportunity to expand to other applications Unique capability to stretch and chem mill large structural components including skins Largest non-OEM titanium hot forming and super plastic forming provider¹ in the world Significant trusted low-cost domestic footprint Engineering design & rapid prototyping services 15
Page 16
Key Investment Highlights Recap Driving shareholder value Differentiated Manufacturing Services Capabilities Expanding Portfolio of Proprietary Product Businesses Across Several Niche Segments Cost Reduction Initiatives and Facility Rationalization Provide Further Margin Runway Demonstrated M&A Strategy and Execution Tier 1 Industry Player Entirely Focused on Aerospace & Defense Well Positioned to Capture Commercial Aerospace Recovery with Content on Key Platforms Growing Defense Business with Strong Long Term Macro Tailwinds, significant missile exposure Limited exposure to tariffs 1 2 3 4 5 6 7 8 16 Revenue $950 - $1,000M Adj. EBITDA % 18% Engineered Products (% of Revenue) 25% VISION 2027
Page 17
Appendix
Page 18
Non-GAAP Financial Measures Note Regarding Non-GAAP Financial Information: This presentation contains non -GAAP financial measures, including Adjusted EBITDA (which excludes interest expense, income tax expense, depreciation, amortization, stock -based compensation expense, restructuring charges, gain on divestitures, net, Guaymas fire related expenses, inventory purchase accounting adjustments, insurance recoveries related to business interruption, insurance recoveries related to loss on operating assets, and professional fees related to unsolicited non -binding acquisition offer) and Adjusted EBITDA Margin. The Company believes the presentation of these non-GAAP financial measures provide important supplemental information to managem ent and investors regarding financial and business trends relating to its financial condition and results of operations. The Company’s management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating the Company’s actual and for ecasted operating performance, capital resources and cash flow. The non-GAAP financial information presented herein should be considered supplemen tal to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. The Company discloses different non-GAAP financial measures in order to provide greater transparency and to help the Company’s investors to more meaningfully evaluate and compare the Company’ s results to its previously reported results. The non-GAAP financial measures that the Company uses may not be comparable to similarly titled fin ancial measures used by other companies. For more information on our non-GAAP financial measures and a reconciliation of such measures to the nearest GAAP measure, please see the "Non - GAAP Reconciliation" slides on the following pages. 18
Page 19
Key Facts Ducommun Incorporated Exchange: Ticker symbol NYSE: DCO Share price(1) $186.60 52-week high / low share price(2) $196.63 / $83.05 Common shares outstanding(3) 15.1 million Market cap(3) $2.8 billion Cash(3) $39.8 million Net debt outstanding(4) $236.6 million Enterprise value (5) $3.1 billion LTM Revenue $865 million LTM Adjusted EBITDA(6) $148 million Remaining Performance Obligations (RPO) $1.16 billion (1) Share price as of 7/2/2026 (2) 52-week intra day high / low ending on 7/2/2026 (3) As of 7/4/2026. Common shares outstanding as of 7/4/2026 * share price as of 7/2/2026 (4) Total debt – cash and cash equivalents as of 7/4/2026 (5) Enterprise value = market cap from (3) above + net debt outstanding from (4) above (6) Adjusted EBITDA is a non-GAAP financial measure. For a reconciliation, please see “Non- GAAP Financial Measures” in the Appendix of this presentation 19
Page 20
Historical Key Financial Data Historical Key Financial Data ($ millions, unless stated otherwise) Year Ending 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Q2 2026 Revenue 551 558 629 721 629 645 713 757 787 825 865 Adj. EBITDA 55 54 71 92 88 93 95 102 117 136 148 Adj. EBITDA % 10% 10% 11% 13% 14% 14% 13% 13% 15% 16% 17% Net Debt 163 216 223 270 264 211 201 222 205 259 237 Leverage Ratio 3.0 3.4 3.0 3.1 2.9 2.3 2.2 2.3 1.9 2.0 1.6 Note: Net Debt is defined as debt less cash and cash equivalents. 20
Page 21
Adjusted EBITDA for 2016 through Q2 2026 ($ millions) Note: May not sum due to rounding. (1) 2017, 2018, 2022, 2023, 2024, 2025, and LTM Q2 2026 included $0.5M, $0.1M, $0.5M, $0.3M, $1.2M, $2.2M, and $1.2M respectively , of restructuring charges that were recorded as cost of sales. (2) 2017, 2018, 2019, 2021, 2022, 2023 and 2024 included inventory purchase accounting adjustments of inventory that was stepped up in the purchase price allocation from acquisitions of Lightning Diversion Systems, LLC, Certified Thermoplastics Co., LLC, Nobles Worldwide, Inc., Magnetic Seal LLC , and BLR Aerospace in S ep 2017, Apr 2018, Oct 2019, Dec 2021, and Apr 2023, respectively, and is part of our Electronic Systems, Structural Systems, Structural Systems, Structural Systems, and Structural Systems operat ing segments, respectively. 21 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Q2 2026 Net Revenues $ 551 $ 558 $ 629 $ 721 $ 629 $ 645 $ 713 $ 757 $ 786 $ 825 $865 Net Income $ 25 $ 20 $ 9 $ 32 $ 29 $ 136 $ 29 $ 16 $ 22 ($37) ($21) Interest Expense 9 9 13 18 14 11 12 21 15 13 14 Income Tax Expense (Benefit) 13 (12) 1 5 3 35 5 0 5 (10) (8) Depreciation 13 13 13 14 14 14 15 15 16 16 16 Amortization 10 10 12 15 15 14 17 17 17 17 17 Stock-Based Compensation Expense 3 5 5 7 9 11 11 15 18 28 24 Restructuring Charges 1 - 9 15 - 2 - 7 15 8 2 1 Compensation Clawback - - - - - - - - - - (4) Gain on Divestitures, Net (18) - - - - - - - - - - Guaymas Fire Related Expenses - - - - 2 2 4 4 - - - Other Fire Related Expenses - - - - - - - - - - - Inventory Purchase Accounting Adjustments 2 - 1 1 1 - - 1 6 2 - - Loss on Extinguishment of Debt - - 1 - - - - - 1 1 1 Other Debt Refinancing Costs - - 1 - - - - - - - - Gain on Sale-Leaseback - - - - - (133) - - - - - Success Bonus Related to Completion of Sale-Leaseback Transact - - - - - 1 - - - - - Insurance Recoveries Related to Business Interruption - - - - - - (5) (2) - - - Insurance Recoveries Related to Loss on Operating Assets - - - - - - - (6) - - - Gain on sale of property and other assets - - - - - - - - - (2) - Professional fees related to unsolicited non-binding acquisition offer - - - - - - - - 3 - - Litigation Settlement and Related Costs, Net - - - - - - - - - 107 107 Adjusted EBITDA $ 55 $ 54 $ 71 $ 92 $ 88 $ 93 $ 95 $ 102 $ 117 $ 136 148 % of Net Revenues 10% 10% 11% 13% 14% 14% 13% 13% 15% 16% 17%
Page 22
USA 86% Europe 6% China 3% ROW 3% Canada/ Mexico 2% USA > 96% Mexico < 4% Tariff Exposure Tariffs are not expected to have a significant impact on 2026 performance Manufacturing Footprint1 221 Based on 2025 Revenue by manufacturing location 2 Based on 2025 Revenue by ship to country 3 Almost entirely to one customer and there has been no impact on sales to date Sales by Region2 3
Page 23
Additional Information For additional information on Ducommun Incorporated, please refer to the Company’s Investor Day Presentation from December 8th, 2022 which can be found on the Company’s Investor Relations tab at www.Ducommun.com 23
Page 24
EXPLORE MORE Visit Ducommun.com