CEMATRIX (CVX) investor relations material

Business Overview and Market Positioning

• Specializes in lightweight, durable cellular concrete solutions for infrastructure, offering cost-effective materials for geotechnical challenges.

• Achieved commercialization, consistent revenue growth, and profitability, distinguishing itself from many microcap peers.

• Holds a strong reputation, advanced equipment, and broad geographic reach across North America, with over 25 years of experience.

• Focuses on industrial and commercial markets, with limited exposure to residential applications due to volume constraints.

• Competitive landscape includes one national and several regional players in the U.S., with significant market share in Canada.

Financial Performance and Growth

• Revenue has grown at a 25% CAGR since 2017, with record results in 2025 and strong momentum into 2026.

• 2025 saw record adjusted EBITDA (CAD 8.3M), cash flow from operations (CAD 8.2M), and EPS (CAD 2.7/share); Q2 2026 revenue up 76% YoY to $18.7M, YTD revenue up 50% to $26.0M.

• Ended Q2 2026 with CAD 16M in cash and a strong balance sheet with no long-term debt and low leverage.

• Backlog at Q2 2026 was CAD 61.5M, supporting future revenues; share price up 81% YTD and 185% from 2025 lows.

• Gross margin in Q2 2026 at 35%, with a long-term sustainable target of 30%.

Market Opportunity and Tailwinds

• U.S. market for cellular concrete estimated at $1.2B and growing, with overall lightweight fill market even larger.

• Significant tailwinds from increased infrastructure spending in Canada and the U.S. due to aging assets and population growth.

• Opportunities are driven by specific geotechnical needs, not tied directly to sector trends like data centers.

• Florida and southern U.S. states identified as underpenetrated growth markets.

• More sustainable and environmentally friendly than legacy products.