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TECNOGLASS Second Quarter 2026 Earnings Conference Call August 6 , 2026 - TECNOGLASS HOLDINGS INC . ( NYSE : TGLS ) www.tecnoglass.com
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FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of Tecnoglass’ business. These risks, uncertainties and contingencies are indicated from time to time in Tecnoglass’ filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that Tecnoglass’ financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise. FINANCIAL PRESENTATION Certain of the financial information contained herein is unaudited and does not conform to SEC Regulation S-X. Furthermore, it includes EBITDA (earnings before interest, taxes, depreciation and amortization) which is a non-GAAP financial measure as defined by Regulation G promulgated by the SEC under the Securities Act of 1933, as amended. Accordingly, such information may be materially different when presented in Tecnoglass’ filings with the Securities and Exchange Commission. Tecnoglass believes that the presentation of this non-GAAP financial measure provides information that is useful to investors as it indicates more clearly the ability of Tecnoglass to meet capital expenditures and working capital requirements and otherwise meet its obligations as they become due. EBITDA was derived by taking earnings before interest, taxes, depreciation and amortization as adjusted for certain one-time non-recurring items and exclusions. NO OFFER OR SOLICITATION This announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Disclaimer 2Earnings Presentation | August 2026
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Highlights www.tecnoglass.com 300 Third Avenue Waltham, Massachusetts l
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Total Revenues Q2’26 97% 3% U.S. LatAm/Other 43% 57% SF Residential Multi-Family/ Commercial Q2 2026 Key Takeaways Total Revenues Q2’26 Q2’26 Revenues Record Backlog 4 Revenues by Geography Q2’26 End Market Mix Q2’26 $295.3 mm $1.38 bn Q2’26 Adj EBITDA $51.7 mm Notes: 1. Adjusted EBITDA, Adjusted Net Income and Adjusted EPS excludes non-recurring and non-cash expenses mainly associated with non-cash foreign exchange transaction gains or losses, non -recurring professional fees and other non-core items, and include the proportional contribution of the Company’s joint venture with Saint -Gobain. • Revenues up 15.6% YoY to an all time record $295.3 mm, driven by strong core market performance, market share gains through expanding geographic presence, and increased vinyl traction • Single-family residential revenues grew 15.4% YoY to $126.5 mm on market share gains, geographic expansion, vinyl contributions, and order pull forward ahead of the May price increase • Multi-family and commercial revenues grew 15.7% YoY to $168.8 mm on record backlog execution and market share gains • Gross margin of 37.3%, impacted by all time high U.S. aluminum premiums and multi-year high LME costs, higher labor costs, and FX headwinds, partially offset by operating leverage on record volume • Adjusted EBITDA (1) of $51.7 mm, or 17.5% of revenues, maintaining industry leading margins • Net income of $24.6 mm, or EPS of $0.55 • Record backlog of $1.38 bn, up 15.6% YoY, representing a 1.1x book-to-bill ratio and ~1.2x total revenues • Strong reception of the recently launched Legacy line, with a West Coast showroom on track to open in Q3’26 • Completed U.S. redomiciliation in Jul’26, aligning corporate structure with U.S. listing, enhancing index eligibility and investor access
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62% 38% Multifamily / Residential Related Commercial 97% 3% 92% 8% U.S. Growth Driving Resilient Multi-family/Commercial Backlog Majority of backlog weighted towards medium and high rise residential, which are outperforming most sectors U.S. Colombia / Latam At Q2’25 At Q2’26 $1.20 bn Backlog $1.38 bn Backlog 5 Backlog as of Q2’26 by End Market Geographic Mix Backlog Overview $1.38 bn Backlog • Backlog expanded 15.6% YoY to a record $1.38 bn, supported by our strong execution track record on high-profile projects and ability to gain market share, which continues to drive new opportunities across the U.S. • More favorable demographic trends in Florida and Southeast along with favorable commercial sub-sector mix allow for continued strength despite macroeconomic uncertainty • Geographical expansion continues to provide added diversification with Florida backlog going from approx. 90% to 75% YoY • U.S. backlog represents 92% of total backlog, driven by continued market share gains, geographical diversification and strong activity in the Southeast U.S. • While interest rates remain high, the majority of backlog is comprised of projects that we believe to have less sensitivity to interest rate fluctuations (high end condos, luxury lodging, etc.) • Book-to-bill ratio remains strong, supporting a visible path for growth into 2027 • Single-family residential growth trajectory not fully captured in backlog given shorter term “spot” duration of projects Earnings Presentation | August 2026
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Demonstrated History of Converting Backlog to Revenue Backlog to Revenue Conversion Note: Excludes Single-family Residential 6 • Backlog has demonstrated consistent growth each quarter since 2021, reflecting sustained business momentum and a strong pipeline • On average, ~53% of multi-family and commercial revenue in backlog rolls off within 12 months and ~83% of the backlog rolls off within 18 months. Currently, the backlog composition has shifted toward more large-scale projects (with lesser interest rate sensitivity), which get executed over a longer time period (typically multi-year execution) • Solid book-to-bill ratio above 1.0x for the past 23 consecutive quarters • Virtually no project cancellations historically given late-stage installation of windows into largely completed buildings, though tighter lending standards or other delays may lead to some longer duration projects • Single-family residential not fully reflected in backlog and provides additional growth avenues through showroom expansions and recent vinyl window market entry Earnings Presentation | August 2026 546 550 536 545 552 559 576 585 651 668 697 725 776 797 836 870 916 1,021 1,041 1,110 1,144 1,196 1,263 1,289 1,360 1,382 59% 61% 60% 58% 55% 57% 63% 70% 70% 75% 73% 69% 64% 61% 59% 60% 58% 55% 56% 53% 54% 53% 86% 88% 88% 89% 93% 100% 106% 114% 110% 111% 107% 102% 97% 95% 92% 93% 91% 85% 86% 83% Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 $ millions Total Backlog Multi-Family / Commercial Revenue Next 12M as % of Backlog Multi-Family / Commercial Revenue Next 18M as % of Backlog
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Single-Family Residential Business Expanding Strong Presence in High-Demand U.S. Markets Energy Efficiency & Heat Insulation East Coast Energy Efficiency & Heat Insulation California & Arizona Impact Resistance Florida Mixed Texas Product Innovationto Propel EffectiveExpansion Core Presence Today Developing Presence Operational Showrooms Expected 2026 Openings © GeoNames, HERE, MSFT Con tecnología de Bing Emerging Presence Legacy Line Legacy Line Legacy Line Interiors Interiors Interiors Interiors • Single-family residential orders increased 8.5% YoY and 35.3% QoQ in Q2’26, supported by orders pulled forward ahead of the price increase. Momentum expected to normalize in Q3’26 • Market share upside exists through multiple avenues: ❖ Organic growth from a widening dealer base, enabled by 5-6 week lead times and product development ❖ Geographic expansion across the U.S. through showroom openings, vinyl market entry and lighter aluminum products for new geographies ❖ Strong demographic trends in key TGLS markets, with showrooms in fast-growing cities • ~65-70% of single-family residential revenues tied to repair & remodel demand, which is more resilient and less correlated with mortgage rates Strategy to further penetrate the single-family residential market • Operational showrooms in FL,SC, NY, TX & AZ; CA opening by Q3’26 • Legacy Light aluminum line launched for the Southwest U.S. • Vinyl entry more than doubles addressable market, leveraging existing network for U.S. expansion; strong early quoting traction signals growth potential • Expanded sales team covering strategic areas • Dealership expansion of over 20% in last 12 months 7Earnings Presentation | August 2026
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68 62 2023 LTM Q2'26 TGLS Continues to Outperform a Muted Single-Family Residential Market 8 Notes: Source: FMI: 2026 North American Engineering and Construction Industry, NAHB 2Q26 Remodeling Market Index, U.S. Census Bureau Total Construction Spending Put in Place 2026 Projected Growth in TGLS Key Regions $869,647 $922,420 2023 LTM May'26 $335.4 $419.9 2023 LTM Q2'26 Residential Construction Spending Put in Place NAHB Remodeling Market Index Tecnoglass Single-family Residential Revenue ($ in Millions)($ in Millions) 9.4% CAGR -3.5% CAGR 2.5% CAGR
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Financial Update www.tecnoglass.com l Aston Martin Miami, Florida l
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Revenue Bridge 2026 vs. 2025 Notes: 1. Peer average includes AMWD, APOG, AWI, AYI, FBIN, JBI, JELD, MBC, NX, ROCK, SSD, and TILE as of latest annual SEC filings; Sourced from FactSet 10 TGLS LTM revenue mix from U.S. 96%+, compared to average of 84% for U.S.-based building productpeers(1) Q2 2026 Revenue Bridge (US$M) • Revenue growth of 15.6% to $295.3 mm in Q2’26, driven by market share gains in multi-family / commercial revenues, reflecting robust demand and continued share gains in geographies outperforming the broader U.S. market • Multi-family and commercial revenues grew 15.7% year-over-year to $168.8 mm, approximately 57% of sales in Q2’26, as we execute on our growing backlog and market share gains • Single-family residential revenues increased $16.9 mm, or 15.4% YoY, to $126.5 mm on market share gains and strong demand, aided by a pull forward ahead of tariff-related price adjustments • Single-family residential orders increased 8.5% YoY and 35.3% QoQ in Q2’26, supported by market share gains, geographic expansion and orders pulled forward ahead of announced pricing initiatives 16.9 27.0 -4.1 255.5 295.3 Q2'25 Revenues US Single-Family Residential US Multi-Family / Commercial LATAM/Rest of the world Q2'26 Revenues
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15.7 -22.7 -9.6 -14.5 3.3 -0.4 79.8 51.7 Q2 2025 Adj. EBITDA Volume / Price Mix SG&A US Alum price FX Impact Operating Leverage JV Contribution Q2 2026 Adj. EBITDA Adjusted EBITDA(1) Bridge 2026 vs. 2025 Notes: 1. Adjusted EBITDA excludes non-recurring and non-cash expenses mainly associated with non-cash foreign exchange transaction gains or losses, non-recurring professional fees and other non-core items, and include the proportional contribution of the Company’s joint venture with Saint-Gobain. Q2 2026 Adjusted EBITDA Bridge (US$M) 11 Adjusted EBITDA margin 31.2% 17.5% • Gross margin decreased ~740 bps to 37.3% YoY, driven by record-high U.S. aluminum premiums and LME, a 14.0% YoY COP revaluation and higher Colombian labor costs from annual salary adjustments • SG&A increased primarily from ~US$17 mm in Section 232 aluminum import tariffs, plus higher transportation and commission expenses on revenue growth and higher personnel cost from annual wage increases and a stronger Peso. SG&A rose 410 bps YoY to 24.9% of total sales • Q2’26 Adjusted EBITDA of $51.7 mm lower YoY on cost headwinds, partially offset by higher volumes
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Pricing, Operational, and Strategic Initiatives to Mitigate Aluminum and FX Impacts 12 Aluminum Market Context • Record-high aluminum prices and premiums are the main raw material drag on Q2’26 margins, partially offset by pricing adjustments implemented in 2025 • Avg all-in U.S. aluminum price up 76.9% vs. Q2’25 (LME avg spot +43%, MWP avg spot +164%) • In April 2026, the U.S. introduced a 10% tariff on certain metal- containing imports, including aluminum windows; with May 2026 pricing adjustments beginning to mitigate the impact in Q3’26 • In June 2026, LME spot dropped 16% to $3,100/ton and MWP fell 10% to $2,300/ton Colombian Peso (COP) FX Context • COP appreciated ~14.0% from Jun’25 to Jun’26, creating headwinds on COP denominated costs • At ~$3,200 cop/usd, the Peso is at its strongest level since Jun 2019 • A 5% COP movement impacts margins by ~120 bps • ~25% of total costs and expenses are COP denominated, primarily labor • Proactively addressing U.S. aluminum tariffs since May 2025 through targeted mitigation and supply chain adjustments • Ongoing pricing adjustments across a broad range of product lines, with new price action in May 2026 • Advancing automation and logistics initiatives to fully offset tariff impact in 2027 • Secured U.S. aluminum supply to mitigate tariff headwinds • Continued vinyl window expansion diversifies product base and dilutes aluminum input cost exposure • Diversified footprint with the Continental Glass Systems asset acquisition, including its Florida manufacturing facility, while assessing long-term U.S. capacity investments Aluminum Cost Mitigation Actions in Place FX Headwind Mitigation Actions in Place • Hedged a portion of FX exposure during 2025 and Q1’26 to mitigate FX headwinds • Ongoing automation to reduce headcount and FX exposure, as local labor remains the largest COP denominated item Earnings Presentation | August 2026
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High Return Growth Capex (2) 55% Share Repurchases 29% Dividend 15% Acquisition 1% Notes: 1. Adjusted EBITDA excludes non-recurring and non-cash expenses mainly associated with non-cash foreign exchange transaction gains or losses, non-recurring professional fees and other non-core items, and include the proportional contribution of the Company’s joint venture with Saint-Gobain. 2. High return growth capex excludes maintenance capex, which management estimates represents on average ~1% of annual revenues, and excludes a portion of the 2025 Continental Glass Systems asset acquisition reported as acquisition of property and equipment 13 High Return Capital Deployment, 2023-YTD 2Q’26 Total Debt $225 mm Strong Capital Resources and Record of Deployment Net Leverage(1) 0.57x Weighted Average Interest Rate 5.1% Weighted Average Maturity ~4.2 Years Fortress Balance Sheet, 2Q’26 • Significant financial flexibility to invest in growth and return cash to shareholders • Total liquidity of ~$360 mm, including $81 mm cash and $280 mm of revolver availability • Senior Secured Credit Facility priced at the lowest tier of SOFR + 1.25% • Net debt / LTM Adj. EBITDA(1) at 0.57x, with no significant maturities until year-end 2030 • Cash flow from operations funded ~85% of capital deployed since 2023 • Repurchased $16.5 mm of shares in 1H’26 and $157 mm since program approval, with $92.5 mm remaining under the $250 mm program • Paid approx. $7 mm in dividends during Q2’26 • Q2’26 operating cash flow reflected ~$26 mm of seasonal tax payments, plus tariffs and strategic aluminum purchases Capital Deployed $542 mm
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34% 10% TGLS U.S. Building Products Peers Consistent Record of Attractive Returns Above Peers Strong profitability, prudent cash managementand disciplined deploymentdriving strong returns 1 26% 9% TGLS U.S. Building Products Peers 14 3 Year Average ROIC 3 Year Average ROE Notes: 1. U.S. Building Products Peers include AMWD, APOG, AWI, AYI, FBIN, JBI, JELD, MBC, NX, ROCK, SSD, and TILE for the three year period from Q1 2023 to Q1 2026. Source: FactSet. 1
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OUTLOOK UPDATE www.tecnoglass.com 205 Race Street Philadelphia, Pennsylvania l
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2026 Outlook • Sustained share gains and solid residential demand support growth, supplemented by May pricing actions • Continued share gains plus strong execution in new geographies and vinyl; Executing on current backlog without project delays • Aluminum (LME & U.S. premium) spot rates stay at current levels, down from peaks of the year • Colombian Peso gradually devaluates through year end • Annual salary adjustments in Colombia offset by higher operating leverage, FX and efficiencies • Takes into consideration new Section 232 aluminum tariffs High End $1.12 B Revenue $230 MM Adj. EBITDA Low End $1.08 B Revenue $220 MM Adj. EBITDA • High single digit revenue growth, driven by execution on current backlog, market share gains and “flattish” Florida single-family residential revenues • Pricing actions moderate demand, leading to a softer pace of residential growth • Gradual expansion in new geographies and vinyl segment • Continued backlog execution with potential timing shifts in certain projects to 2027 • Aluminum (LME & U.S. premium) spot rates remain at elevated levels through remainder of 2026 • Colombian Peso strength continues through year end • Annual salary adjustments in Colombia not fully offset by operating leverage and stronger FX • Takes into consideration new Section 232 aluminum tariffs Full Year 2026 Outlook Assumptions 16Earnings Presentation | August 2026
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APPENDIX www.tecnoglass.com 3Eleven 601 Hudson Yards New York City, New York l
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Vertically-Integrated & Well-Situated Operations Create Structural Advantages Structural advantages resulting in substantially shorter lead times than industry, unlocking opportunities for continued expansion and market share gains Sales, Distribution & Installation Final Product Production Process Raw MaterialsSuppliers JV & Long Term Supply Relationships Tecnoglass integration across the architectural glass and window value chain provides significant control over a substantial portion of costs and structural advantages relative to industry peers Raw Materials Labor Transportation Energy ✓ Stable glass supply and costs resulting from JV with Saint-Gobain ✓ Bulk purchases of U.S. sourced aluminum to secure multiple months of supply ✓ Investments in automation initiatives and commitment to workforce providing production efficiency and low turnover ✓ While TGLS pays 15% above minimum wage, this is 7-10x below U.S. peers ✓ U.S./Colombia trade imbalance mitigates marine transportation costs ✓ Connected supply chain keeps intercompany transport costs <5% of revenues ✓ 15% energy savings from prior investments in renewables (solar panels) ✓ Utilizing co-generation through on-site natural gas emissions 18Earnings Presentation | August 2026
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ESG Strategy Environmental Social Governance Promoting Continuous, Ethical and Responsible GrowthEnhancing Our EnvironmentLeading Eco-Efficiency and Innovation Outstanding Achievements Ethics and Compliance Program Efficient Supply Chain Security Management Continuous Improvement of Our Products Through Our Quality Management System “QMS” Communication Strategies In-Line With the Company’s Objectives and Specially Designed for Each Audience National Carbon Neutrality Program +15,000 Solar Panels Installed Generating Over 32.443,19 MWh Container and Packaging Environmental Management Plan Employee Training and Education Programs Program for Prevention and Care of COVID-19 Tecnoglass ESWindows Foundation Social Intervention Campaigns Occupational Health and Safety Waste Management and Utilization Automation and Innovation 19Earnings Presentation | August 2026
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ESG Strategy Our Sustainability Strategy contains the Company’s guidelines and value propositions to meet the expectations of our stakeholders Adapt our offer and operation to new markets Conduct our business with integrity, ethical and transparency Adopt best corporate governance practices that facilitate decision making and accountability Consolidate and protect our brand Encourage the energy efficiency of the operation and the products Prevent, mitigate and compensate environmental impacts of the business Generate quality work opportunities Promote and adopt the best labor and Human Rights Achieve an accident-free labor environment, supported by culture of health and safety Generate value for the communities in the areas of influence Build and develop a comprehensive teamwork with innovating mentality Promote the efficient use of materials and technologies, respectful with the environment Position an innovation and quality approach within all of the Company`s processes Responsible management of the value chain and the product cycle Strengthen risk management as strategic factor for the organization 20 Environmental Social Governance Promoting Continuous, Ethical and Responsible GrowthEnhancing Our EnvironmentLeading Eco-Efficiency and Innovation Earnings Presentation | August 2026
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Leading Eco-efficiency and Innovation of our revenues are Impact Resistant (Hurricane), reflecting the increasing demand for resilient solutions in regions vulnerable to extreme weather events of our revenues are Energy Efficient, including IGUs and low emissivity glass, providing greener and more efficient cooling or heating energy usage of our Low-E products are equipped with double or more coatings, providing superior performance sought in sustainable building solutions Over 85% of Tecnoglass’ total revenues are considered Green Revenues, including low emissivity and impact-resistant glass and windows, contributing to reducing global emissions and mitigating climate change effects 21 68% 65% 84% Earnings Presentation | August 2026
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Non-GAAP Reconciliation1 Adjusted EBITDA and adjusted net (loss) income attributable to parent reconciliation Notes: 1. Adjusted EBITDA, Adjusted EBIT and Adjusted Net Income are not measures of financial performance under generally accepted accounting principles (“GAAP”). Management believes Adjusted EBITDA, Adjusted EBIT and Adjusted Net Income, in addition to operating profit, net income and other GAAP measures, is useful to investors to evaluate the Company’s results because it excludes certain items that are not directly related to the Company’s core operating performance. Investors should recognize that Adjusted EBITDA, Adjusted EBIT and Adjusted Net Income might not be comparable to similarly-titled measures of other companies. These measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance prepared in accordance with GAAP. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. 22Earnings Presentation | August 2026 Figures in U.S 000’s Three months ended Six months ended June 30, June 30, 2026 2025 2026 2025 Net income 24,555 44,083 56,446 86,272 Foreign currency transactions losses (gains) (5,213) (847) (6,130) (338) Provision for bad debt 234 772 1,322 987 Non-Recurring expenses (non-recurring professional fees, capital market fees, other non-core items) 3,753 6,660 7,233 7,297 Derivative financial instruments (64) - 279 - Joint Venture VA (Saint Gobain) adjustments 162 (89) 75 (142) Tax impact of adjustments at statutory rate 338 (2,079) (834) (2,498) Adjusted net income 23,765 48,500 58,391 91,578 Basic income per share 0.55 0.94 1.27 1.84 Diluted income per share 0.55 0.94 1.27 1.84 Diluted Adjusted net income per share 0.54 1.03 1.31 1.95 Basic weighted average common shares outstanding in thousands 44,365 46,988 44,497 46,990 Diluted Weighted Average Common Shares Outstanding in thousands 44,365 46,988 44,497 46,990 Three months ended Six months ended June 30, Jun 30, 2026 2025 2026 2025 Net income 24,555 44,083 56,446 86,272 Interest expense and deferred cost of financing 3,584 1,350 6,264 2,681 Income tax provision 14,095 18,148 25,997 35,808 Depreciation & amortization 10,689 9,145 21,367 16,479 Foreign currency transactions losses (gains) (5,213) (847) (6,130) (338) Provision for bad debt 234 772 1,322 987 Non-Recurring expenses (non-recurring professional fees, capital market fees, other non-core items) 3,753 6,660 7,233 7,297 Derivative financial instruments (64) - 279 - Joint Venture VA (Saint Gobain) EBITDA adjustments 93 468 497 789 ADJUSTED EBITDA 51,726 79,779 113,275 149,975
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Non-GAAP Reconciliation1 Net Debt, Leverage and Total Investment Reconciliations Notes: 1. Total Investment and Free Cash Flow are not financial measures under generally accepted accounting principles (“GAAP”). Management believes this measurements are useful to investors to evaluate the Company’s performance. Total Investment includes capex or cash acquisition of property and equipment, assets acquired under capital lease and assets acquired with debt. Free Cash Flow is calculated as cash (used in) provided by operating activities (-) capex or cash acquisition of property and equipment. Free Cash Flow do not include assets acquired under capital lease or debt. Investors should recognize Total Investment and Free Cash Flow might not be comparable to similarly-titled measures of other companies. These measures should be considered in addition to, and not as a substitute for or superior to, any measure prepared in accordance with GAAP. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. 23 Figures in U.S 000’s Earnings Presentation | August 2026 As of Jun 30, 2026 2025 Short Term Debt and Current Portion of Long Term Debt 6,156 587 Long Term Debt 219,238 108,642 Gross Debt 225,394 109,229 Cash at the end of the period 80,814 137,907 Net Debt 144,580 (28,678) LTM Adjusted EBITDA 254,634 310,658 Net Debt / LTM Adjusted EBITDA 0.57x -0.09x