Tecnoglass (TGLS) Investor presentation summary

Business model and market reach

• Vertically integrated architectural glass and window operations, with ~9,000 employees and a nearly 1,000-customer base; no customer exceeds 10% of revenue.

• LTM Q3'26 revenue was $1.1bn, with 95% from the U.S.; single-family residential contributed 39% of revenue.

• LTM Q3'26 adjusted EBITDA was $223.2m, or a 20% margin; revenue and adjusted EBITDA each had ~15% CAGR from 2013 through LTM Q3'26.

• Multi-family/commercial revenue was $676m LTM Q3'26; single-family residential revenue was $425m, with 2017–LTM Q3'26 CAGRs of 9% and 58%, respectively.

• U.S. market opportunity estimated at $40bn for 2025; operational showrooms in NY, SC, TX, AZ and CA, with Hawaii expected to open in 2027.

Growth and backlog

• Revenue increased from $197m in FY'14 to $1.1bn LTM Q3'26; U.S. sales represented ~95% of LTM revenue and ~97% of Q3'26 backlog.

• Record backlog of $1.43bn at Q3'26, up 13.2% YoY, with a 1.2x book-to-bill ratio above 1.0x for 24 consecutive quarters.

• ~53% of multi-family/commercial backlog converts to revenue within 12 months on average and ~86% within 18 months; figures exclude single-family residential.

• Residential growth supported by dealer expansion in underpenetrated Southeast and Southcentral markets, vinyl products and geographic expansion.

• Structural advantages include vertically integrated production, automation and lead times reduced to 5–6 weeks; manufacturing is near Miami, with a four-day journey cited.

Q3'26 performance

• Revenue rose 19.2% YoY to a record $310.6m, driven by core-market performance, share gains, geographic expansion and vinyl traction.

• Multi-family/commercial revenue grew 30.9% YoY to $192.4m; single-family residential revenue increased 4.1% YoY to $118.1m, or ~17% excluding ~$15m of orders pulled forward into Q2.

• Gross margin was 34.1%; adjusted EBITDA was $47.7m, or 15.3% of revenue, and would have been ~$8.4m higher excluding non-cash inventory revaluation.

• Net income was $16.7m, or $0.38 per share; adjusted net income was $21.2m, or adjusted EPS of $0.48.

• Largest project to date signed after quarter-end; Legacy line reception was strong, and the Los Angeles showroom opened in October.