Mattr (MATR) Investor presentation summary

Business overview and strategy

• Focuses on growth-oriented materials technology for critical infrastructure, with a global manufacturing and technology footprint and two main segments: Connection Technologies and Composite Technologies.

• Offers differentiated, high-value products that enable responsible infrastructure renewal and expansion, targeting electrification, transportation, mining, communications, water, and energy sectors.

• Benefits from long-term North American infrastructure investment cycles and structural tailwinds in electrification, digitization, and environmental infrastructure.

• Recent portfolio transformation and capital deployment have modernized and expanded the North American manufacturing network, positioning for accelerated earnings and cash flow growth.

• Brands are trusted for reliability in harsh environments, with solutions that represent a small fraction of total project costs but deliver high value.

Financial performance and capital allocation

• Achieved $1.3B in revenue and a 15% adjusted EBITDA CAGR from 2021 to Q2 2026, with a balanced segment mix and strong geographic presence in North America.

• Connection Technologies and Composite Technologies both showed significant revenue and EBITDA growth, with overall adjusted EBITDA CAGR of 14.9% from 2021 to Q2 2026.

• Invested $220M in growth CAPEX from 2023-2025 to revitalize manufacturing, with 2026 CAPEX expected to normalize at $35-45M plus $15M maintenance.

• Modernized footprint expected to enable $150M+ incremental annual revenue at current margins, with additional production capacity and efficiency gains anticipated.

• Pursuing mid-term milestones of 20%+ adjusted EBITDA margin and 70%+ free cash flow conversion, with a return to normalized CAPEX spend in 2026.

Market positioning and growth drivers

• Positioned as a premier custom engineered cable manufacturer in North America after the AmerCable acquisition, expanding medium voltage capabilities and reducing earnings cyclicality.

• North American wire and cable market is significantly larger than Canada’s, with aging infrastructure and rising electrical consumption driving demand.

• Shawflex is well-placed to benefit from a nuclear connection technologies renaissance, with strong presence in Canadian CANDU refurbishment and new-build projects.

• Diversified exposure across mining, automotive, power generation, oilfield, data centers, and water management, with recurring maintenance and repair demand anchoring revenue.

• Composite Technologies segment benefits from rising demand for fuel and water storage tanks, stormwater management, and adoption of larger diameter composite pipes.