ATCO Ltd.

Thank you for standing by. This is the conference operator. Welcome to the second quarter 2026 results conference call and webcast for ATCO Ltd. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star then 0. I would now like to turn the conference over to Mr. Colin Jackson, Senior Vice President, Financial Operations. Please go ahead Mr. Jackson.

Thank you and good morning everyone. We are pleased you could join us for ACCO's second quarter 2026 conference call. On the line today we have Katie Patrick, Chief Financial and Investment Officer, and Adam Beattie, the President of ACCO Structures. Before we move into today's remarks, I would like to take a moment to acknowledge the numerous traditional territories and homelands on which our global facilities are located. Today, I am speaking to you from our Aqua Park head office in Calgary, which is located in the Treaty 7 region. This is the ancestral territory of the Blackfoot Confederacy, comprised of the Siksika, the Kainai, and the Pagani Nations, the Tsutina Nation, and the Stony Nakoda Nations. which include the Chinniki, Bears Paw, and Good Stony First Nations. I also want to recognize the City of Calgary is home to the Métis Nation of Alberta, Districts 5 and 6. During our second quarter, we proudly celebrated National Indigenous History Month in Canada, a time to honor the stories, achievements, and resiliency of Indigenous peoples. May we continue to respect and celebrate the diverse history, languages, and culture of Indigenous peoples beyond the month of June. Today's remarks will include forward-looking statements that are subject to important risks and uncertainties. For more information on these risks and uncertainties, please refer to our filings with the Canadian security regulators. During today's presentation we may refer to certain non-GAAP and other financial measures including adjusted earnings and adjusted EBITDA. These measures do not have any standardized meaning under IFRS and as a result they may not be comparable to similar measures presented by other entities. And now I'll turn the call over to Katie for her opening remarks.

Thanks Colin and good morning everyone. Thank you for joining us today. I'll start today with some perspective on our current operating environment and the strong tailwinds for our businesses, and then Adam and I will provide some detailed quarterly performance updates. We're operating in a significant period of opportunity for ATCO, one shaped by shifting geopolitics, growing demand for secure and resilient infrastructure, and a renewed focus on the essential services that support communities and economies. In many ways, This moment dates to the company's early days, when ASCO's ability to move quickly, build boldly, and solve complex challenges was foundational to creating the business we are today. The critical concerns that face the communities and the countries we operate in include housing, energy, and defense. These sectors are being shaped by economic demand and geopolitical factors and will result in significant opportunities, creating a growing need for resilient infrastructure and services for industries, partners and governments. With decades of experience operating across each of these sectors in diverse locations, including Canada's challenging northern environment, ATCO is well positioned to benefit from these tailwinds as investment in these areas continues to accelerate. Our experience and key partnerships across housing, energy and defense over the past 80 years aligns to what the world needs. Our purpose-built strategy supports sustainable growth in these key areas and will drive stable earnings and dividends to shareholders in the years to come. Focusing on Canada's north, we remain optimistic about the significant growth opportunities in this region, specifically those tied to the defense sector. In recent months, the federal government has publicly committed a sizable investment in Canada's defense sector with a focus on Arctic sovereignty, The funding announced to date is specifically earmarked for developing, modernizing, and building up key infrastructure projects, including $32 billion for defense infrastructure upgrades over the next 10 years and $2.7 billion to build on a network of support sites and hubs. In addition to this, there's approximately $80 billion in government defense infrastructure spending between the modernization of the North American Aerospace Defense Command and the United States proposed Golden Dome for the America project. While we view these projects as critical developments, contracting for these opportunities is still very much in its early stages. As these projects materialize, we believe ADCO is well positioned to capitalize on current and future opportunities in the North for several reasons. We have executed and supported operations including defense-specific projects in Canada's Arctic since 1987, That is almost 40 years of operational expertise, demonstrating our long history and success in the North. Importantly, over that period of time, we have developed Indigenous partnerships, which has led to meaningful participation. This is a fundamental part of our history, culture, and our ongoing commitments to partner and collaborate with Indigenous communities. And lastly, we have the construction knowledge needed to successfully build in Canada's North. As you see on the slide, we have unique Arctic expertise from coast to coast in the North. We're a trusted defense partner who maintains and operates mission-critical infrastructure. Earlier this year, we announced a $10 million investment in West Katipmiit Resources, who will develop the Grays Bay Road and Port Project in Nunavut. The Grays Bay Road and Port Project is a critical piece of infrastructure in the North and will include a deepwater port with access to the Northwest Passage shipping corridor. We are optimistic this development will grow into a strong foundational investment for the ATCO portfolio longer term. The project has been referred to Canada's Major Projects Office and at the end of June was named as one of the first of three projects to be considered under the federal government's Build Canada Act. As I said, we are very excited for the opportunities ahead. with Acto positioned to play a central role in some of these nation-building initiatives. With that, I will now turn it over to Adam.