TIC Solutions (TIC) Investor presentation summary

Business overview and market positioning

• Operates a scaled global platform offering asset integrity, engineering, and geospatial services across critical industries, with a focus on tech-enabled, compliance-driven, and recurring services.

• Diversified revenue streams across consulting & engineering (~36%), inspection & mitigation (~50%), and geospatial (~14%) segments, serving infrastructure, utilities, buildings, oil & gas, and industrial markets.

• Maintains a broad geographic footprint, with 71% of revenue from the US, 23% from Canada, and the remainder from EMEA and Asia.

• Demonstrates resilience through economic cycles, supported by recurring demand and diversified end-market exposure.

• Positioned to benefit from megatrends such as aging infrastructure, rising energy demand, increasing data consumption, and digitization of physical assets.

Strategic priorities and growth drivers

• Focuses on winning in essential, high-growth end markets and geographies, prioritizing mission-critical service lines and expanding through organic growth and targeted M&A.

• Drives profitable, technically differentiated growth by expanding margins via AI, optimizing service mix, and disciplined work selection.

• Expands client relationships by bundling services and replicating cross-segment solutions across the asset lifecycle.

• AI adoption enhances productivity and margin expansion while maintaining the necessity of regulated, field-based services.

• M&A is a core growth engine, with disciplined capital deployment and a strong track record of accretive acquisitions across capabilities, geographies, and end markets.

Financial performance and outlook

• Reported $2.1B in combined 2025 revenue, with ~38% adjusted gross margin and ~15% adjusted EBITDA margin.

• Achieved low double-digit combined revenue CAGR from 2010 to 2025, demonstrating consistent growth.

• Targets $3B+ revenue by 2029, driven by ~9% CAGR from 2025, with $400M of growth from M&A and the remainder from organic initiatives.

• Aims for 18%+ adjusted EBITDA margin and 85%+ free cash flow conversion by 2029, supported by improved utilization, tech enablement, procurement excellence, and synergy capture.

• Maintains a capital deployment capacity of $1.5B+ through 2029, balancing organic investments, M&A, share repurchases, and debt repayment, with a target net leverage at or below 2.5x.