CEMATRIX Corporation

Joining me on the call today are Randy Boomhour, President and Chief Executive Officer, Marie-Josee Cantin, Chief Financial Officer, and Jordan Wolfe, President of MixOnSite. After management's formal remarks, we'll conduct a Q&A session. We'll take covering analyst questions live via the online 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 window. Before we begin, I'd like to remind everyone that today's call and the accompanying presentation contain forward-looking information within the meaning of the applicable securities laws. These statements reflect management's current expectations and assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those we discussed today. The complete forward-looking statements disclaimer is set out on the slide now displayed, and the presentation is also available on our website at simatrix.com. For a full description of the associated risks and assumptions, please refer to our 2025 Management Discussion and Analysis and other filings available on CDAR. We undertake no obligation to update these statements except as recorded by law. Today's discussion also includes certain non-GAAP measures, which are defined and reconciled in our MD&A. With that, I'll turn over the call to Randy. Randy, please go ahead.

Thank you, Glenn. Very much appreciate the introduction there. We're going to go through our entire deck. The first part of the deck is designed for potential shareholders or potential investors. Obviously, I think most of the people on the call here are already shareholders. So we're going to go through that part relatively quickly. Then we'll get into the quarter. Then we actually have a short video to play after the presentation to give our investors a glimpse of what we're doing at North Carolina. And then we'll get into the question and answers as Glenn talked about. So I'm going to turn the first part over to Jordan. Jordan, over to you.

Thanks, Randy. So Cellular Concrete, we're a specialty contractor. We're a leading provider of lightweight, cost-effective, and durable cellular concrete for infrastructure projects. We provide solutions to customers' geotechnical challenges using cellular concrete, and we do this on time, on budget, and with extreme quality. Customers choose Cellular Concrete because one or more of its physical properties as well as its competitive cost advantage and we have a strong competitive advantage in the market. Our financial strength and overall growth trends have been positive. Our compounding annual growth rate has been 25% since 2017. The last three years we've had very consistent positive financial results. We've had a record 2025 in almost all of our KPIs, a record adjusted EBITDA, cash flow from ops operations, and earnings per share. 2026 is also forecasted to be another great year. You can see some of our financial metrics on the right there in the chart. I won't go into that, but I will just remind you guys that Sumatrix is an industry leader. The global cellular concrete market is significant and is expected to continue to grow. Increased infrastructure spending in Canada and U.S. provides very healthy tailwinds. So I will say that our team and corporate timeline hasn't changed. So our management there and board of directors is still the same as last year. I won't go through that nor the company timeline, but I will just touch briefly on the insider ownership status. Our shares outstanding are 149.7 million shares, fully diluted, 157.8 shares approximately, of which we have insider ownership at around 11% or 16 million shares, with the bulk of that being between Randy and I at roughly 14 million shares. Next slide, please. So just to give you a quick product description, I'm sure many of you are familiar with this, but cellular concrete is made by mixing cement, water, and a foaming agent. That foaming agent is basically injected into a slurry and waits for the cement to harden around it, leaving inside of it air pockets that make it lightweight and also provide plenty of strength for the customer. Our key properties include cost effectiveness, low density or lightweight, a high bearing capacity, it's extremely pumpable, highly flowable and self-leveling, self-compacting, has thermal insulating properties, is durable and highly excavatable. Our primary applications include a lightweight engineered fill, MSE walls or retaining wall back fills, flowable self-compacting fills, pipe and culvert abandonments, tunnel and annular grout, and shallow utility and foundation installation to name just a few.