Finning International (FTT) Investor presentation summary

Financial performance and key metrics

• Revenue reached $10.6B in 2025, with adjusted EBIT of $869M and adjusted EPS of $4.12.

• Product support accounted for 56% of revenue, with a CAGR from 2020 to 2025 and technician headcount up by over 1,700.

• Adjusted ROIC improved to 19.2% in 2025, with a target range of 18–25% through all market conditions.

• Invested capital turnover increased, with a target of 2.3–2.5x, reflecting improved capital efficiency.

• Dividend growth continued for 24 years, with an 8% CAGR from 2020 to 2025 and an 18% reduction in share count.

Strategic execution and business transformation

• Focused on growing equipment population, rebuild activity, and exceptional customer service.

• Optimized facility footprint and network, with cost reductions from restructuring and asset sales.

• Enhanced operating leverage and cost resilience, supporting higher earnings capacity.

• Balanced capital allocation between organic growth, dividends, and share repurchases.

• Maintained strong balance sheet with net debt to adjusted EBITDA target of 1–2x.

Market diversification and growth opportunities

• Revenue diversified across Canada (49%), South America (38%), and UK & Ireland (13%).

• Mining, construction, and power & energy are key segments, with mining representing 55% of revenue.

• Power & energy business well-positioned for growth, especially in Alberta data centres and grid infrastructure.

• Significant long-term growth potential in Western Canada, Chile, and Argentina, driven by major projects and resource demand.

• Strategic wins in electric drive trucks and expansion in copper mining support future growth.