Finning International (FTT) AGM 2025 summary

Opening remarks and agenda

• Meeting called to order with quorum established, representing 72.07% of shares.

• Retiring board members recognized for their service and leadership.

• Procedures for voting and Q&A outlined, with guests not permitted to address the meeting.

Board and executive committee updates

• Introduction of board members standing for reelection and new directors.

• Corporate officers introduced, with special acknowledgment for retiring board members.

Financial performance review

• 2024 saw record net revenue, product support revenue, and substantial free cash flow.

• Q1 2025 results showed continued growth, with CAD 10.3B net revenue and 5% product support growth.

• SG&A reduced to 16.2% of net revenue, and strong backlog reported.