#118 20 23 TIDA Wajax Investor Presentation TD Engineering and Construction Conference March 29, 2022 WAJAX \\ Together We Get More Done.#2Cautionary Statement Regarding Forward-Looking Information This presentation contains certain forward-looking statements and forward-looking information, as defined in applicable securities laws (collectively, "forward-looking statements"). These forward-looking statements relate to future events or the Corporation's future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "anticipates", "intends", "predicts", "expects", "is expected", "scheduled", "believes", "estimates", "projects" or "forecasts", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors beyond the Corporation's ability to predict or control which may cause actual results, performance and achievements to differ materially from those anticipated or implied in such forward-looking statements. To the extent any forward-looking information in this presentation constitutes future-oriented financial information or financial outlook within the meaning of applicable securities law, such information is being provided demonstrate the potential of the Corporation and readers are cautioned that this information may not be appropriate for any other purpose. There can be no assurance that any forward-looking statement will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this presentation are made as of the date of this presentation, reflect management's current beliefs and are based on information currently available to management. Although management believes that the expectations represented in such forward-looking statements are reasonable, there is no assurance that such expectations will prove to be correct. Specifically, this presentation includes forward-looking statements regarding, among other things, plans for our environmental, social and governance (ESG) programs, including our plans to target better alignment of our sustainability reporting with TFCD standards, and our 2022 corporate charitable contribution goal of $125,000; our belief that our rebound from the challenges we faced in 2020, combined with our strengthened balance sheet and expanded product and service offerings, positions us ideally to grow in 2022 and beyond; our belief that, as we move further into 2022, we are seeing sound fundamentals in many of our key markets, bolstered by improving commodity prices and increased capital spending, and that this positive view of the market will be counterbalanced by the unpredictable COVID-19 pandemic and related supply chain issues; our expectation that supply chain issues will be a factor throughout 2022, particularly in our heavy equipment business, and our plans to manage these challenges through frequent dialogue with key suppliers and customers, pre-ordering new equipment, and utilizing repairs and rebuilds to extend the service life of equipment; our belief that our improved balance sheet and record start-of-year backlog shows momentum in our business; and our plans to maintain such momentum and increase shareholder value by focusing on the following priorities: investing in our people and their safety, delivering exceptional customer experiences, organically growing our business, building our acquisition pipeline, supporting the closer relationship with Hitachi first announced on August 19, 2021, prudently managing our balance sheet, deploying our ERP and remote diagnostic systems, and building sustainability into our business; and our belief that our strong balance sheet, ability to generate cash flow and abundant growth opportunities will allow our business to grow meaningfully over the long-term. These statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions regarding our ability to successfully manage our business through the COVID-19 pandemic and actions taken by governments, public authorities and customers in respect to the novel coronavirus and its variants; the ability of Wajax and Hitachi to develop and execute successful sales, marketing and other plans related to the expanded Wajax-Hitachi direct distribution relationship announced August 19, 2021; general business and economic conditions; the supply and demand for, and the level and volatility of prices for, oil, natural gas and other commodities; financial market conditions, including interest rates; our ability to execute our updated Strategic Plan, including our ability to develop our core capabilities, execute on our organic growth priorities, complete and effectively integrate acquisitions, such as Tundra Process Solutions, and to successfully implement new information technology platforms, systems and software, such as our new Infor M3 ERP system; the future financial performance of the Corporation; our costs; market competition; our ability to attract and retain skilled staff; our ability to procure quality products and inventory; and our ongoing relations with suppliers, employees and customers. The foregoing list of assumptions is not exhaustive. Factors that may cause actual results to vary materially include, but are not limited to, the geographic spread and ultimate impact of the COVID-19 virus and its variants, and the duration of the coronavirus pandemic; the duration and severity of travel, business and other restrictions imposed by governments and public authorities in response to COVID-19, as well as other measures that may be taken by such authorities; actions taken by our customers in relation to the COVID-19 pandemic, including slowing, reducing or halting operations; the inability of Wajax and Hitachi to develop and execute successful sales, marketing and other plans related to the expanded Wajax-Hitachi direct distribution relationship announced August 19, 2021; a continued or prolonged deterioration in general business and economic conditions (including as a result of the COVID-19 pandemic); volatility in the supply and demand for, and the level of prices for, oil, natural gas and other commodities; a continued or prolonged decrease in the price of oil or natural gas; fluctuations in financial market conditions, including interest rates; the level of demand for, and prices of, the products and services we offer; levels of customer confidence and spending; market acceptance of the products we offer; termination of distribution or original equipment manufacturer agreements; unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, our inability to reduce costs in response to slow-downs in market activity, unavailability of quality products or inventory, supply disruptions (including disruptions caused by the COVID-19 pandemic), job action and unanticipated events related to health, safety and environmental matters); our ability to attract and retain skilled staff and our ability to maintain our relationships with suppliers, employees and customers. The foregoing list of factors is not exhaustive. Further information concerning the risks and uncertainties associated with these forward-looking statements and the Corporation's business may be found in our Annual Information Form for the year ended December 31, 2021 (the "AIF"), and in our annual MD&A, each of which have been filed on SEDAR. The forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement. The Corporation does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless so required by applicable securities laws. Readers are cautioned that the risks described in the AIF, and in our annual MD&A, are not the only risks that could impact the Corporation. We cannot accurately predict the full impact that COVID-19 will have on our business, results of operations, financial condition or the demand for our products and services due to the uncertainties related to the spread of the virus and its variants. Risks and uncertainties not currently known to the Corporation, or currently deemed to be immaterial, may have a material effect on the Corporation's business, financial condition or results of operations. \\ Together We Get More Done. 2 Wajax Investor Presentation - TD E&CC (March 29, 2022) WAJAX#3Who We Are Founded in 1858, Wajax is one of Canada's longest-standing and most diversified industrial products and services providers, offering: ● ● ● A broad range of products and services Best-in-class manufacturing partners (OEM's) Diverse market experience across many industries -2,800 total employees 950 SKILLED TECHNICIANS - 810 SALES & SALES SUPPORT PROFESSIONALS 530 BRANCH OPERATIONS \\ Together We Get More Done. 390 BRANCH SUPPORT National Footprint - 115 Branches Wajax operates an integrated distribution system providing sales, parts and services to a broad range of customers in diverse sectors of the Canadian economy including construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government/utilities conventional oil/gas and renewable energy. 3 Wajax Investor Presentation - TD E&CC (March 29, 2022) WAJAX#4#5#6#7#8#9#10#11#12#13#14