Mayville Engineering Company, Inc. (NYSE:MEC) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Noel Ryan - Vallum, Investor Relations Jag Reddy - President and CEO Todd Butz - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Larry De Maria - William Blair Tim Moore - EF Hutton Operator Good morning. And a warm welcome to the Mayville Engineering Company First Quarter 2023 Earnings Call. My name is Candid, and I will be your coordinator for today???s call. A ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38894 Mayville Engineering Company, Inc. (Exact Name of Registrant as Specified in its Charter) Wisconsin 39-09 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38894 Mayville Engineering Company, Inc. (Exact name of Registrant as specified in its Charter) Wisconsin 39-094472 ...

March 1, 2023 Disclaimer 2 Fourth Quarter 2022 Highlights • Net sales of $128.5 million, increased 13.8% compared to 4Q21 due to an increase in commercial sales volume and continued price discipline, partially offset by supply chain disruptions affecting some of our customers. • The Company continued the successful roll-out of it's MBX initiatives and during the fourth quarter identified multiple opportunities for margin expansion and profitable growth through a focus on operational excellence and commercia ...

EXPERIENCE YOU CAN TRUST® Investor Presentation November 2022 mecinc.com Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "plan," "continue," "estimate," "expect," "may," "will," "project," "predict," "potential," "targeting, ...

Mayville Engineering Company, Inc. (NYSE:MEC) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Nathan Elwell - IR Jag Reddy - President and CEO Todd Butz - CFO Ryan Raber - EVP, Strategy, Sales and Marketing Conference Call Participants Vlad Bystricky - Citigroup Mig Dobre - Baird Operator Good morning, and thank you for attending today's Mayville Engineering Company 2022 Earnings Conference Call. My name is Daniel and I will be your moderator for today's call [Operator Ins ...

FORM 10-Q (Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38894 Mayville Engineering Company, Inc. (Exact Name of Registrant as Specified in its Charter) Wisconsin 3 ...

Mayville Engineering Company, Inc. (NYSE:MEC) Q2 2022 Results Conference Call August 3, 2022 10:00 AM ET Company Participants Nathan Elwell - IR Jag Reddy - President and CEO Todd Butz - CFO Ryan Raber - EVP, Strategy, Sales and Marketing Conference Call Participants Joe Grabowski - Baird Larry De Maria - William Blair Vlad Bystricky - Citigroup Operator Good morning. Thank you for attending today???s Mayville Engineering Company Second Quarter 2022 Earnings Conference Call. My name is Francis, and I???ll b ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38894 Mayville Engineering Company, Inc. (Exact Name of Registrant as Specified in its Charter) Wisconsin 39-094 ...

Financial Data and Key Metrics Changes - Year-to-year net sales increased approximately 21% to $136.3 million and net income increased 50% to $3.8 million compared to last year [7] - Basic earnings per share increased $0.06 to $0.19 per share [7] - Adjusted EBITDA was $14.8 million, up from $13 million in the same prior year period [15] Business Line Data and Key Metrics Changes - Manufacturing margins were $14.9 million for the quarter, with manufacturing margin percentages at 10.9% compared to 13.1% in the same prior year period, primarily due to transition costs [14] - Powersports market continues to show strength with increased volumes as customers work to restock [9] - Military segment remains stable with solid backlogs for US government contracts [9] Market Data and Key Metrics Changes - The commercial vehicle market has seen sequential improvement due to ongoing strength in freight demand and robust backlogs at OEMs [8] - Agricultural market shows strengthening demand driven by advancements in equipment productivity and strong crop prices [9] - Supply chain disruptions persist, but pandemic-related issues have declined since February, with expectations for gradual volume improvement [10] Company Strategy and Development Direction - The company is focused on expanding its customer base and markets served, with a strong new business pipeline [10] - Investments in new technology and automation are prioritized, with capital expenditures expected between $55 million and $65 million for 2022 [18] - M&A opportunities are being analyzed to open new end markets and expand product offerings [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future, highlighting strong demand across end markets and the ability to adapt to supply chain challenges [21] - The outlook for 2022 remains strong, with net sales expected between $480 million and $530 million [17] - Management anticipates gradual improvement in volumes as customer supply chain challenges begin to ease [19] Other Important Information - The company is undergoing a leadership transition with the retirement of the CEO, allowing for a smooth transition over the next six months [6] - The fitness customer has forecasted no demand for products for the remainder of the agreement's term, prompting cost reduction measures [13] Q&A Session Summary Question: How did Q1 compare to internal forecasts? - Management indicated that Q1 performance met internal expectations, with material price adjustments aligning with forecasts [25][26] Question: What is the outlook for Class 8 customers? - Management remains optimistic about demand, noting that backlogs are strong despite a decrease in net orders [29] Question: What is the status of Hazel Park's ramp-up? - The ramp-up is expected to occur in the second half of the year, with benefits anticipated in 2023 [32] Question: What is the outlook for military contracts? - The military market has been stable, with expectations for incremental revenue growth from government contracts [36] Question: How does the company view the powersports market amid potential recession? - Management believes retail demand will remain strong, with significant backlogs and a need to restock at the dealer level [40]