INVESTOR PRESENTATION Q1 FY26 Results | November 2025 Safe Harbor Statement This presentation contains certain forward-looking statements concerning Matrix Service Company's operations, economic performance and management's best judgment as to what may occur in the future. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, many of which are beyond the control of the Company, and any one of which, or ...

Core Points - Matrix Service Company has been awarded a contract by Delaware River Partners for the construction of a dual service full containment storage tank with a capacity of 100,000 m3 (630,000 barrels) for Liquid Ammonia or Liquid Propane Gas (LPG) [1] - The project is part of the Repauno Port and Rail Terminal development, aimed at enhancing storage capabilities to meet growing export demand for Natural Gas Liquids (NGLs) [2] - The construction is expected to create up to 300 local jobs and contribute to the transformation of the Delaware River industrial corridor into a logistics hub [2][3] Company Overview - Matrix Service Company is a leading specialty engineering and construction firm focused on providing infrastructure solutions across various end markets, emphasizing safety, quality, and integrity [3][4] - The company operates in three key segments: Storage and Terminal Solutions, Utility and Power Infrastructure, and Process and Industrial Facilities [4]

Core Insights - Matrix Service Company reported improved first-quarter results for fiscal 2026, driven by disciplined execution across its Storage & Terminal Solutions and Utility & Power Infrastructure segments [2][4] - The company has a robust opportunity pipeline of $6.7 billion and secured over $187 million in new awards during the quarter, indicating strong demand in the specialty engineering and construction sector [3][9] - The company reaffirmed its full-year revenue guidance, expecting revenue between $875 million and $925 million, representing a 14% to 20% increase compared to fiscal 2025 [19][20] Financial Summary - First-quarter fiscal 2026 revenue was $211.9 million, a 28% increase from $165.6 million in the same period of fiscal 2025 [5][9] - Gross margin improved to $14.2 million (6.7%) compared to $7.8 million (4.7%) in the prior year, attributed to better project execution and increased revenue volumes [6][9] - The company reported a net loss of $3.7 million ($0.13 per share), an improvement from a net loss of $9.2 million ($0.33 per share) in the first quarter of fiscal 2025 [8][9] Segment Performance - The Storage and Terminal Solutions segment saw revenue increase by 40% to $109.5 million, driven by higher work volumes for LNG storage and specialty vessel projects [10] - The Utility and Power Infrastructure segment's revenue rose by 33% to $74.5 million, benefiting from increased work in power delivery and natural gas projects [11] - The Process and Industrial Facilities segment experienced a revenue decline to $27.9 million, primarily due to lower volumes in thermal vacuum chamber projects [12] Backlog and Awards - The total backlog as of September 30, 2025, was $1.2 billion, with project awards totaling $187.8 million for the quarter, resulting in a book-to-bill ratio of 0.9x [13][9] - The Storage and Terminal Solutions segment had a book-to-bill ratio of 1.2x, indicating strong demand and project activity [13][9] Financial Position - As of September 30, 2025, the company had total liquidity of $248.9 million, with no outstanding debt [15][9] - The company reported a total of $192.3 million in unrestricted cash and cash equivalents [15] Guidance - The company reaffirmed its revenue guidance for fiscal year 2026, expecting revenue between $875 million and $925 million, reflecting a significant increase from the previous fiscal year [19][20]

Core Insights - Matrix Service Company has released its Fiscal 2025 Sustainability Report, emphasizing its commitment to sustainability and the importance of infrastructure in meeting energy and industrial demands in North America [1][2] Group 1: Sustainability Commitment - The company views sustainability as a foundational principle for its strategic approach and value creation [2] - The report highlights significant progress in returning to profitability, supported by a strong project backlog and advancements in multi-year projects [2] Group 2: Stakeholder Engagement - Matrix Service Company is focused on continuous improvement and addressing the diverse needs of stakeholders, including shareholders, employees, clients, suppliers, and communities [3] - The company aims to empower future generations while building infrastructure that meets current demands [3] Group 3: Operational Segments and Locations - The company operates in three key segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions [5] - Matrix Service Company is headquartered in Tulsa, Oklahoma, with offices across the United States, Canada, Australia, and South Korea [5] Group 4: Safety and Employee Development - Safety is a top priority, with significant improvements in overall safety performance and initiatives to address mental health stigma in the construction industry [5] - Enhanced recruitment strategies and comprehensive training and development opportunities have been implemented for the workforce [5] Group 5: Environmental Initiatives - The company has assessed climate-related risks and opportunities in partnership with third-party experts, affirming its ESG strategy [5] - Matrix has reported on material Scope 3 emissions, demonstrating its commitment to transparency and accountability in environmental practices [5] - Ongoing efforts are in place to ensure compliance with ESG-specific regulatory reporting [5]