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PLP Second Quarter 2026 Earnings Presentation July 29, 2026
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Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements regarding Preformed Line Products Company’s (the “Company”, “we” “us” or “our”) and our management’s beliefs and expectations. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. As a general matter, forward-looking statements are those focused upon future plans, objectives or performance (as opposed to historical items) and include statements of anticipated events or trends and expectations and beliefs relating to matters not historical in nature. Use of words such “anticipates,” “believes,” “may,” “should,” “will,” “would,” “could,” “plans,” “projects,” “expects,” “estimates,” “predicts,” “targets,” “forecasts,” “intends,” “contemplates,” and similar words may identify forward-looking statements. Such forward-looking statements are subject to uncertainties and factors relating to the Company’s operations and business environment, all of which are difficult to predict and many of which are beyond our control. Such uncertainties and factors could cause our actual results to differ materially from those matters expressed in or implied by such forward-looking statements, and include, without limitation, the following: (1) the overall demand for cable anchoring and control hardware for electrical transmission and distribution lines on a worldwide basis, which has a slow growth rate in mature markets such as the United States (“U.S.”), Canada, Australia and Western Europe and may grow slowly or experience prolonged delay in developing regions despite expanding power needs; (2) the impact of global economic conditions, including the impact of inflation, previously enacted or future tariffs and related economic uncertainty (including due to the outcome of legal challenges and refunds), and rising interest rates, on the Company’s ongoing profitability and future growth opportunities in the Company’s core markets in the U.S. and other foreign countries, which may experience continued or further instability due to political and economic conditions, social unrest, acts of war, military conflict (such as the Russian-Ukrainian, Israeli-Palestinian and Iranian conflicts), international hostilities or the perception that hostilities may be imminent, terrorism, changes in diplomatic and trade relationships and public health concerns (including viral outbreaks such as COVID-19; (3) the ability of the Company’s customers to raise funds needed to build the infrastructure projects their customers require; (4) technological developments that affect longer-term trends for communication lines, such as wireless communication; (5) the decreasing demand for product supporting copper-based infrastructure due to the introduction of products using new technologies or adoption of new industry standards; (6) the Company’s success at continuing to develop proprietary technology and maintaining high quality products and customer service to meet or exceed new industry performance standards and individual customer expectations; (7) the Company’s success in strengthening and retaining relationships with the Company’s customers, growing sales at targeted accounts and expanding geographically; (8) the extent to which the Company is successful at expanding the Company’s product line or production facilities into new areas or implementing efficiency measures at existing facilities; (9) the effects of fluctuation in currency exchange rates upon the Company’s foreign subsidiaries’ operations and reported results from international operations, together with non-currency risks of investing in and conducting significant operations in foreign countries, including those relating to political, social, economic, trade and regulatory factors; (10) the Company’s ability to identify, complete, obtain funding for and integrate acquisitions for profitable growth; (11) the potential impact of consolidation, deregulation and bankruptcy among the Company’s suppliers, competitors and customers and of any legal or regulatory claims; (12) the relative degree of competitive and customer price pressure on the Company’s products; (13) the cost, availability and quality of raw materials required for the manufacture of products and any tariffs that have been, and in the future may be, associated with the purchase of these products or components of these products; the Company’s supply chain has faced and could continue to face disruptions and constraints from such tariffs, inflationary pressures and ongoing wars and military conflicts, which could have a material, adverse effect on the ability to secure raw materials and supplies and customer demand; (14) strikes, labor disruptions and other fluctuations in labor costs; (15) changes and uncertainty in significant government regulations and funding priorities, including those affecting environmental compliance or other regulatory matters, or third-party litigation matters; (16) security breaches or other disruptions to the Company’s information technology structure; (17) the telecommunication market’s continued deployment of Fiber-to-the-Premises; (18) the impact of any failure to timely implement and maintain adequate financial, information technology and management processes and controls and procedures; and (19) additional factors described under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission and subsequent filings with the SEC. In light of these risks and uncertainties, the Company cautions you not to place undue reliance on these forward-looking statements. Any forward-looking statements that the Company makes in this presentation speaks only as of the date of such statement, and the Company undertakes no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data. Non-GAAP Financial Measures In addition to the results provided in accordance with GAAP, this presentation includes certain non-GAAP measures, which present operating results on an adjusted basis. These are supplemental measures of performance that are not required by or presented in accordance with GAAP and include: (i) free cash flow (or FCF), (ii) free cash flow conversion (or FCF conversion), and (iii) adjusted diluted earnings per share (or adjusted EPS). See the Appendix for a reconciliation to the corresponding GAAP measures. We believe that these are useful as supplemental measures in assessing the operating performance of our business. These permit investors to assess the operating performance of our business relative to our performance based on GAAP results and relative to other companies within our industry by isolating the effects of certain items that may vary from period to period without correlation to core operating performance or that vary widely among similar companies. However, our inclusion of these adjusted measures should not be construed as an indication that our future results will be unaffected by unusual or infrequent items or that the items for which we have made adjustments are unusual or infrequent or will not recur. These non-GAAP financial measures are not intended to replace GAAP financial measures, and they are not necessarily standardized or comparable to similarly titled measures used by other companies. FORWARD LOOKING STATEMENTS AND NON-GAAP MEASURES
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Q2 2026 SUMMARY - A Record Quarter Gross profit margin of 34.3%, up 160 basis points from Q2 2025 and 300 basis points from Q1 2026 Robust demand in core markets, pricing strategies, and fixed cost leverage drove record performance Record quarterly net sales of $212.7 million, up 25% from Q2 2025 and 21% from Q1 2026 Record quarterly Americas and EMEA sales, with growth of 19% and 31% from Q2 2025 and 36% and 25% from Q1 2026, respectively Record diluted EPS of $4.49 per share, up 75% from Q2 2025 and 110% from Q1 2026 Record quarterly USA sales of $104.3 million, with growth of 32% from Q2 2025 and 12% from Q1 2026
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Q2 2026 HIGHLIGHTS $ Millions, except per share amounts • Sales up 25% compared to prior year, driven by all segments and favorable FX of $6.0 million • Acquisition of Delta Star in Q2 contributed sales of $1.2 million • 4th consecutive quarterly increase in gross profit % was benefited by price increases and fixed cost leverage Net Sales $169.6 $178.1 $173.1 $176.3 $212.7 Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026 Gross Profit % 32.7% 29.7% 29.8% 31.3% 34.3% Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026 Diluted EPS $2.56 $0.53 $2.09 $1.72 $2.14 $4.49 Q2 2025 Q3 2025 Q3 Adjusted EPS* Q4 2025 Q1 2026 Q2 2026 Q2 2026 Q2 2025 YoY Net Sales $212.7 $169.6 25% Gross Profit $73.0 $55.4 32% Gross Profit % 34.3% 32.7% 160 bps Net Income $21.5 $12.7 69% Net Income % 10.1% 7.5% 260 bps Diluted EPS $4.49 $2.56 75% * See reconciliation to diluted earnings per share in Appendix.
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• Asia-Pacific drove the special industries growth in Q2 2026, with sales rising 31% from Q2 2025 and 68% from Q1 2026, largely supported by solar-related projects. DISAGGREGATED REVENUE • PLP-USA communication sales up 19% vs Q1 2026 as demand for fiber closure products remains strong • EMEA communication sales up 24% vs Q2 2025 driven by cabinet connectivity product sales $ Millions ENERGY SPECIAL INDUSTRIES COMMUNICATIONS $118.7 $122.9 $129.8 $125.2 $148.9 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $37.3 $41.0 $32.9 $42.3 $48.9 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $13.6 $14.2 $10.4 $8.8 $14.9 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 • Sales growth of 25% vs Q2 2025 and 19% vs Q1 2026 • 36% year-over-year growth for PLP-USA • Transmission market continues to drive the growth
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• Healthy balance sheet and strong liquidity provides opportunities for strategic acquisitions, investments in facility modernization and return of capital to our shareholders through our regular quarterly dividend. See the next slide of a summary of recent investments. BALANCE SHEET & LIQUIDITY Q2 2026 Q4 2025 Cash and Cash Equivalents $76.2 $83.4 • 89% availability on global Credit Facility ($6.7 million borrowed) • Cash flow from operations was $31.3 million • Bank debt to equity ratio of 8.6% • Additional US borrowings of $9.6 million outside of Credit Facility (aircraft) • Additional international borrowings outside of the Credit Facility were $26.5 million as of June 30, 2026 • On July 28, 2026, PLP Canada entered into $10.7 million term loan to refinance the facility purchased on July 21, 2026 • Manageable debt maturities over the next several years $ Millions Total Debt & Future Aggregate Maturities* $89.5 $62.2 $28.6 $39.5$42.8 $3.7 $6.8 $13.7$15.8 $5.8 $18.1 2022 2023 2024 2025 Q2 2026 2026 2027 2028 2029 20302031+ $53.3 $6.7 International Borrowings Credit Facility Availability Aggregate Maturities* * Aggregate maturities reflects the PLP Canada Term Loan entered into on July 28, 2026 and the non-outstanding portion of payments required under the $27.9M Poland loan entered into on July 16, 2025 and amended on June 30, 2026. Capacity: $60 Credit Facility (as of June 30, 2026)
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PLP'S RECENT CAPITAL INVESTMENTS
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• Free cash flow highest since with Q2 2025 • The increase in Free Cash Flow from Q1 2026 was driven by the increase in quarterly net income and changes in operating assets & liabilities FREE CASH FLOW Free Cash Flow ($ in millions) $18.6 $8.5 $11.7 $(3.9) $18.3 146% 83% 139% (37)% 85% Free Cash Flow FCF Conversion Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 • See reconciliation to net cash provided by operating activities in Appendix.
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APPENDIX
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Below is a reconciliation of non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with GAAP. (Thousands, except per share data) RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Reconciliation of adjusted earnings: Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net income attributable to PLPC shareholders $ 12,705 $ 2,626 $ 8,435 $ 10,524 $ 21,508 Pension plan termination expense, after tax — 7,721 — — — Adjusted net income $ 12,705 $ 10,347 $ 8,435 $ 10,524 $ 21,508 Diluted earnings per share $ 2.56 $ 0.53 $ 1.72 $ 2.14 $ 4.49 Per share impact of pension plan termination expense, after tax — 1.56 — — — Adjusted diluted earnings per share $ 2.56 $ 2.09 $ 1.72 $ 2.14 $ 4.49 Reconciliation of operating cash flow to free cash flow: Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net cash provided by operating activities $ 26,928 $ 18,940 $ 21,944 $ 6,047 $ 25,215 Capital expenditures (8,378) (10,623) (10,155) (9,993) (6,957) Proceeds from the sale of property and equipment 6 227 (51) 49 36 Free Cash Flow $ 18,556 $ 8,544 $ 11,738 $ (3,897) $ 18,294 Adjusted net income $ 12,705 $ 10,347 $ 8,435 $ 10,524 $ 21,508 Free cash flow conversion 146% 83% 139% (37) % 85% Free cash flow - Trailing twelve month $ 34,679 Adjusted net income - Trailing twelve month $ 50,814 Free cash flow conversion - Trailing twelve month 68%