Dpc Holdings Plc · NYSE:DPC
Dpc — Q2 2026 Earnings Presentation
26 slides from Dpc's earnings presentation, Aug 11, 2026
Slide 1: Second Quarter 2026 Earnings Call
DPC HOLDINGS PLC Second Quarter 2026 Earnings Call Mike Quinn: Chief Executive Officer David Egan: Chief Financial Officer Lucy Sharma: Head of Investor Relations Turning Metals August 11, 2026 Into Motion
Slide 2: Legal Disclaimer
Legal Disclaimer Forward-Looking Statements This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. You can generally identify forward-looking statements by our use of forward-lo
Slide 3: An Exciting Time as DPC Holdings PLC is Listed
An Exciting Time as DPC Holdings PLC is Listed… 3
Slide 4: Q2 2026: Record Revenue and Adjusted EBITDA, Strategic Developments and FY 2026 Guidance
Q2 2026: Record Revenue and Adjusted EBITDA, Strategic Developments and FY 2026 Guidance Revenue growth YoY of 34% to $269 million Record Revenue Engine Products revenue grew 39% YoY Adjusted EBITDA1 grew 33% YoY to $48 million Record Adjusted EBITDA Adjusted EBITDA margin1 of 17.8%, includi
Slide 5: Doncasters: A Specialist Manufacturer of Precision Castings and Superalloys
Doncasters: A Specialist Manufacturer of Precision Castings and Superalloys Who We Are Our Key Products • Specialist manufacturer of highly engineered components for use in mission-critical applications in Highly Complex Precision-Cast Components Nickel- and Cobalt-Based Superalloys extreme operatin
Slide 6: Evidenced by our Customers' Support: Fourth Strategic Partnership Signed
Evidenced by our Customers’ Support: Fourth Strategic Partnership Signed Partnership #1 Partnership #2 Partnership #3 Partnership #4 Major Aerospace Major IGT OEM Major IGT OEM Major Aerospace OEM OEM Signed 15-year Signed expansion Signed expansion >$200MM agreement with agreement with Annual Run-R
Slide 7: The Doncasters' Long-Term Value-Creation Model
The Doncasters’ Long-Term Value-Creation Model Growth Margin Expansion Volume Operating Leverage Aftermarket LTA Value-Based Pricing Order Backlog Capacity Investment Operational Efficiencies Value-Based Pricing Strategic Customer Partnerships Strategic Customer Partnerships Investment Cash Generati
Slide 8: Q2 2026 Highlights
Q2 2026 Highlights Record Q2 2026 results Q2 Revenue growth of 34% including ~4% ($ in millions) Q2 2025 Q2 2026 YoY point benefit from metal cost inflation pass-through Revenue 200.9 268.7 +34% Continuing end market growth in Aerospace and IGT demand Adjusted EBITDA up 33%, 17.8% margin Adjus
Slide 9: End market Q2 2026 revenue up 34% YoY
End market Q2 2026 revenue up 34% YoY Q2 2026 revenue by end market Revenue by end market % of total Q2 YoY % change Aerospace +47% Transportation 19% IGT +42% Aerospace $269m 42% Transportation +0% total revenue Total revenue +34% IGT 39% 9
Slide 10: Engine Products - Europe
Engine Products - Europe Gross segment revenue Revenue by end market $m Q2 2026, % of total +49% Aerospace 25% $123m IGT total 75% revenue $83m $123m Q2 2025 Q2 2026 Segment adjusted EBITDA • Q2 2026 revenue up 49% YoY with strong growth in the IGT $m and % margin end market including OEM build rate
Slide 11: Engine Products - North America
Engine Products - North America Gross segment revenue1 Revenue by end market Q2 2026, % of total Transportation $m IGT 2% +29% 10% $97m total revenue $76m $97m Aerospace 88% Q2 2025 Q2 2026 Segment adjusted EBITDA • Q2 2026 revenue grew 29% YoY, third-party growth(1) was $m and % margin +52% 37% YoY
Slide 12: Turbo Wheels
Turbo Wheels Gross segment revenue Revenue by end market $m Q2 2026, % of total +2% Total $48m $47m Ivostud $10m Ivostud $8m $48m Turbo Wheels total Turbo Wheels $37m $40m excl. Ivostud excl. Ivostud revenue Transportation 100% Q2 2025 Q2 2026 Segment adjusted EBITDA $m and % margin • Q2 2026 revenu
Slide 13: Structural Growth Drivers, FY 2026 Guidance and Key Assumptions
Structural Growth Drivers, FY 2026 Guidance and Key Assumptions FY 2025 FY 2026 Guidance Market Structural Growth Drivers Guidance Reported Low High Revenue $837m $1,000m $1,040m YoY revenue growth 19% 24% Adjusted EBITDA1 $138m $182m $187m Adjusted EBITDA margin1 16.5% ~19% (excl. metal cost inflat
Slide 14: Appendix
> DONCASTERS Appendix
Slide 15: Reconciliation of net income/(loss) to adjusted EBITDA (Unaudited)
Reconciliation of net income/(loss) to adjusted EBITDA (Unaudited) 15
Slide 16: Reconciliation of segment adjusted EBITDA (Unaudited)
Reconciliation of segment adjusted EBITDA (Unaudited) 1) Interest expense includes Shareholder PIK interest of $13.6 million and $34.6 million for the three months ended June 28, 2026 and June 29, 2025, respectively, and $53.6 million and $70.6 million for the six months ended June 28, 2026 and June
Slide 17: Revenue by end market (Unaudited)
Revenue by end market (Unaudited) 17
Slide 18: Segment information (Unaudited)
Segment information (Unaudited) 1) Cost of sales and selling, general and administrative expenses have been adjusted to exclude depreciation and amortization, restructure and other reorganization costs, claims, settlements and litigation costs, and the long-term management incentive plan. The adjust
Slide 19: Reconciliation of adjusted net cash/(debt) (Unaudited)
Reconciliation of adjusted net cash/(debt) (Unaudited) As of June 28, As of December 31, ($ in millions) 2026 2025 Borrowings, current (483.3) (154.3) Borrowings, non-current (89.4) (1280.4) Less: Shareholder PIK Loan - 878.0 Less: Cash and cash equivalents and restricted cash deposit 846.4 32.1 Adj
Slide 20: Reconciliation of adjusted net income (Unaudited)
Reconciliation of adjusted net income (Unaudited) 20
Slide 21: Reconciliation of free cash flow (Unaudited)
Reconciliation of free cash flow (Unaudited) Three months ended Six months ended (in $ millions) June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025 Net cash (used in)/from operating activities (27.0) 0.1 (34.0) 21.5 Purchase of property, plant and equipment (9.5) (6.7) (19.8) (10.5) Free cash f
Slide 22: Condensed consolidated statement of income/(loss) (Unaudited)
Condensed consolidated statement of income/(loss) (Unaudited) 22
Slide 23: Condensed consolidated statement of comprehensive income/(loss) (Unaudited)
Condensed consolidated statement of comprehensive income/(loss) (Unaudited) 23
Slide 24: Condensed consolidated balance sheet (Unaudited)
Condensed consolidated balance sheet (Unaudited) 24
Slide 25: Condensed consolidated cash flow statements (Unaudited)
Condensed consolidated cash flow statements (Unaudited) Six months ended Six months ended June 28, 2026 June 29, 2025 June 28, 2026 June 29, 2025 Cash flows from operating activities: Cash flows from investing activities: Net loss (178.5) (102.5) Proceeds from disposal of property, plant and equipme
Slide 26: Condensed consolidated statement of changes in shareholders' equity/(deficit) (Unaudited)
Condensed consolidated statement of changes in shareholders’ equity/(deficit) (Unaudited) 26