CEMATRIX Corporation

Recording in progress. ...offense call to discuss the company's financial results for the first quarter ended March 31st, 2026. With us today is Randy Blumauer, President and CEO, Marie-José Quentin, CFO, and Jordan Wolf, President of Symmetrix subsidiary MixOnSite. Before we get started, I want to remind our listeners that today's call is being recorded and and will be made available later on the investor relations section of the Matrix website. The full financial statements and all disclosures related to this earnings call are also available on CDAR.com. After management's formal remarks, we'll conduct a Q&A. We're going to be covering analyst questions live via the audio stream through the webinar portal and all other questions through the Q&A text box that you should see in the bottom portion of your Zoom windows. Prior to turning the call over to management, I will read the company's forward-looking statements, which are also available in the financial results company press release and investor presentation. This presentation contains certain statements that may be deemed forward-looking statements. All statements in this document, other than the statements of historical fact that address events or developments that Symmetrix expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally but not always identified by words, expects, plans, anticipates, believes, intends, estimates, projects, potential, and similar expressions, or that events or conditions will, would, may, could, or should occur. Although the company believes the expressions expressed in such forward-looking statements are based on reasonable assumptions or Such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those forward-looking statements include failures to successfully negotiate or subsequently close transactions, inability to obtain the required shareholder or regulatory approvals, uncertainty with respect to findings under exploration programs, and general economic, market, or business conditions. Investors that caution any such statements are not guaranteed a future performance, and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the company's management on the date the statements are made. Except as required by the law, the company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, or opinions or other factors should change. Now I'll turn the call over to Jordan Wolf. Jordan, please go ahead.

Thank you, Glenn. You are a tough act to follow. Today I'm going to be going over some of the key investor highlights for Simatrix. Simatrix, as you know, is a cellular concrete specialty contractor. We are a leader providing lightweight, cost-effective, and durable cellular concrete for infrastructure projects. We provide solutions to our customers' needs. for their geotechnical challenges using cellular concrete on time, on budget, and on quality. Customers choose cellular concrete because one or more of its physical properties, as well as its cost savings. We also have a very strong competitive advantage, which is difficult not to if you combine three of the largest cellular concrete providers under one company in some matrix group companies, so. And for some of the highlights on our financial strength and overall growth trend, I can say that our compounding annual growth rate for revenue is around 25% since 2017. Our last three years consistently provided financial results, as you can see from the chart on the right, which I won't get into, but you can look at it at your convenience. In 2025, we recorded, had records in almost all financial metrics or KPIs. We recorded an EBITDA cash flow from ops and EPS or earnings per share at record levels in 2025. And 2026 is forecasted to be another great year across the board. We have some significant market opportunities. As I mentioned before, we have competitive advantage, so Sumatrix is an industry leader. The global cellular concrete market is significant and is expected to continue to grow, and increased infrastructure spending in Canada and U.S. provides a very strong tailwind for us, and we plan to capitalize on that. MJ, I believe we're going to skip the next few slides. Many of them have been in this presentation and are there for your review at your convenience, but we're going to skip the slide eight, I believe. There you go. And I'll continue on our financial highlights. Some of this I talked about briefly, but it's worth repeating. Again, we've had a record year in 2025. Our EBITDA in 2025 was higher than the previous 20 years combined. So that should kind of tell you something about where we feel we're at and the direction the company is going in. Our adjusted EBITDA of $8.3 million is higher than the two best years combined in 2023 and 2024. We also are thankful that we're now meeting the general principle or rule of 40. where we have over 40% when you combine our revenue growth and our EBITDA. I believe that we're at 27 and 18. That makes 45%. So we're within that compliance of the rule of 40. Our top-line growth trend and positive bottom line generating cash is positive as well. As I've mentioned, CAGR of 25%. On revenue since 2017, recorded 8.3 adjusted EBITDA in 2025, a record 8.2 million in cash flow in 2025 from operations, and we recorded a record earnings per share of 2.7 cents per share in 2025. We also have a healthy balance sheet with very low leverage, 11.9 million in cash with no long-term debt as of Q4 2025. And we have $15.7 million in cash as of March 31, 2026. So you can see we've been doing an excellent job with our collections. Some keys to understanding our business. Randy said this before, but it's important to reiterate that our growth revenue will be lumpy. It's not necessarily going to be a staircase growth. Financial results will be variable based on timing of when large projects start and stop. And, again, that's somewhat out of our control, but we are always there when the contractor is ready to go. So that's important to us. Construction is a seasonal business. It's important to understand that higher revenues come in warmer months and less so in colder seasons. Our average revenue over the last five years is 18% in Q1, 17% in Q2, 34% in Q3, and 31% in Q4. So, again, we do better in Q3 and Q4. We are a specialty contractor, as I mentioned, and as such, our margins tend to be higher than general contractors, but we have more bench time with more fixed costs. Our project size impacts our margins. The larger the project, the more competition we have, and therefore the lower margin we have to go to land the work. And it's also important to know that we have excess capacity with our equipment and manpower. We have the ability to produce significantly more revenue without increasing our staffing levels. So we're here and ready for more growth. And we're striving for it.

Thanks, Jordan.