EARNINGS PRESENTATION THIRD QUARTER 2025 November 6, 2025 LEGAL DISCLAIMERS Forward-Looking Information This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Alta's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budge ...

Financial Performance - Q2 2025 - Total revenue decreased by $6.9 million, a (1.4)% decrease, from $488.1 million to $481.2 million compared to Q2 2024[29] - New and used equipment sales increased by $14.2 million, or 5.6%, totaling $265.6 million[13, 28] - Adjusted EBITDA was $48.5 million, compared to $50.3 million in the same quarter last year, a (3.6)% decrease[14, 28] - Product support revenue decreased by $3.7 million, or (2.6)%, from $144.2 million to $140.5 million[29] Segment Performance - Q2 2025 - Material Handling segment revenue decreased by $14.9 million, or (8.5)%, from $175.6 million to $160.7 million[32] - Construction Equipment segment revenue increased by $5.8 million, or 2.0%, from $294.9 million to $300.7 million[36] - Master Distribution segment revenue increased by $4.2 million, or 25.1%, from $16.7 million to $20.9 million[39] Rental Fleet and Capital Allocation - Total rental fleet decreased from $617.2 million to $569.5 million, a decrease of $(47.7) million[42] - The company completed the sale of non-core aerial equipment business for $18 million in cash proceeds and a $4.3 million gain on sale[59] - The company repurchased approximately 1.13 million shares (~3.4% of shares outstanding) at an average price of $5.64 in Q2 2025[59] FY 2025 Guidance - Adjusted EBITDA guidance is $171.5 million - $181.5 million[60] - Free Cash Flow before RTS Decisioning guidance is $105.0 million - $115.0 million[60]

Q1 2025 Financial Performance - Total revenue decreased by $186 million, a 42% decrease, from $4416 million to $4230 million compared to Q1 2024[13, 30] - Adjusted EBITDA was $336 million, a 15% decrease compared to $341 million in the same period last year[14, 29] - Service gross profit percentage increased by 230 basis points year-over-year, reaching 601%[13, 30] - Selling, General, and Administrative Expenses decreased from $1146 million in Q1 2024 to $1067 million[13] Segment Performance - Construction Equipment segment revenue decreased by $98 million, or 38%, from $2556 million to $2458 million[36, 37] Adjusted EBITDA decreased by 202% to $170 million[36, 37] - Material Handling segment revenue decreased by $164 million, or 94%, from $1743 million to $1579 million[32, 33] Adjusted EBITDA increased by 76% to $156 million[32, 33] - Master Distribution segment revenue increased by $46 million, or 359%, from $128 million to $174 million[40, 41] Adjusted EBITDA increased by 667% to $15 million[40, 41] Capital Allocation and Strategy - The Board of Directors authorized a $10 million increase to the share repurchase program, allocating it immediately to a 10b5-1 plan[14, 63] - The company is suspending the quarterly common stock dividend to redirect approximately $8 million in annual dividend payments to the share repurchase program[63] - FY2025 Adjusted EBITDA guidance is $1715 million - $1865 million, net of divestiture[64, 65]

Financial Performance - Q4 2024 - Total revenue decreased by $23.4 million, a 4.5% decline, reaching $498.1 million compared to $521.5 million in Q4 2023 [12, 26] - Adjusted EBITDA decreased by 18.1% to $40.7 million, down from $49.7 million in Q4 2023 [26] - GAAP income from operations was $2.4 million, a decrease from $12.2 million in Q4 2023 [26] Financial Performance - Full Year 2024 - Revenue remained effectively flat at $1,876.6 million, compared to $1,876.8 million in 2023 [15] - Adjusted EBITDA decreased by 12.1%, or $23.1 million, to $168.3 million from $191.4 million in 2023 [16] - Income from Operations decreased $35.8 million, from $54.4 million year ended 2023 to $18.6 million in 2024 [15] Segment Performance - Q4 2024 - Construction segment revenue decreased by $9.5 million, a 2.9% decline, to $318.6 million [30] - Material Handling segment revenue decreased by $10.4 million, a 5.8% decline, to $168.6 million [30] - Master Distribution revenue was $11.5 million, a decrease from $17.6 million in Q4 2023 [30] Rental Fleet - Total rental fleet decreased by $29.6 million, ending at $571.2 million compared to $600.8 million in 2023 [42] - Rent-to-Rent fleet increased by $25.7 million to $224.2 million [42] - Rent-to-Sell fleet decreased by $55.3 million to $347.0 million [42] 2025 Outlook - Adjusted EBITDA is projected to be between $175.0 million and $190.0 million [67] - Organic revenue decreased by 3.5% compared to 2023 [36, 60]