2022 YEAR IN REVIEW A Speech Presented at the 2023 Wright Service Corp. Annual Awards Banquet

By Scott D. Packard, Chairman and Chief Executive Officer

The Wright family of companies had yet another noteworthy year in 2022. We experienced our 20th consecutive year of record growth and profitability with revenue exceeding $936 million.

Working together, we have expanded our North American footprint. We are now an international company. We continue to add new customers and service territories from California to New England and stretching across Canada from British Columbia to New Brunswick. We ventured to the Caribbean and established a significant workforce in Puerto Rico. We also accepted project work based in Germany, Columbia, Canada and Nicaragua.

As we do every year, we thank our crew members for diligent work in the wake of severe weather. Crews mobilized in the aftermath of hurricanes Fiona and Ian, following severe weather in Florida and South Carolina, in response to Midwest flooding, and in the midst of New England winter storms. This work to clear roadways and power lines by removing debris is crucial in the impacted communities.

Our professional and reliable workforce of nearly 7,000 strong are the future of this company. We continue building a culture that attracts, retains and rewards the highest quality talent in the industries we serve.

In 2022, we welcomed Dr. Sara Crawford as president of Sustainable Environmental Consultants. Eight leaders completed the Executive Leadership Development Program:

Wright Service Corp.

Senior Vice President and Chief Financial Officer Jon Hicks

Vice President of Digital Strategy and Innovation Jesus Vetencourt

Wright Tree Service

Vice President of Operations Nick Fox Regional Manager Adam Larson

CNUC

Senior Vice President Josh Beaver Vice President Matt Searels

Wright Canada Holdings

Vice President of Operations Dean Marshall

Wright Outdoor Solutions

Vice President and General Manager Jennifer Anderson

We took time to mourn, heal and remember Will Nutter and John Harsch. We gathered with their families, employees, and members of the TREE Fund in downtown Des Moines for a ceremonial tree planting.

We completed the second grant cycle for the Wright Foundation for Sustainability and Innovation. We awarded a total of $200,000 to five organizations dedicated to improving tree canopy and regenerative agricultural practices.

We released our second annual corporate sustainability report, and six other first reports for nearly our entire family of companies, setting us apart in the industry.

Our ESOP share price reached $862.05 a share, a 26% increase from the previous year.

I announced my retirement in a collaborative effort with our Board of Directors. We chose Austin Kennedy to serve as our future CEO in 2024, while I will remain as your chairman through 2026. It was quite a year.

Highlights From The Past 25 Years

As I reflect on my past 25 years and look at the history we created for Wright Service Corp. together, we have achieved much.

In July 1998, I began working alongside John R. Wright and was then named president and COO in 2001. And not long after, we transitioned to an employee-owned company with the creation of our ESOP after John Wright’s passing. I believe being an ESOP creates a unique culture supporting the company’s success while assisting employees with their retirement, providing you with a financial stake in the company. I was appointed to serve as your chairman, president and CEO in 2002, and at the closing bell, our share price was $11.83. This year, $862.05 per share, a return of 7,186%. This has led to a very proud moment as employee owners; we have 35 millionaires in the ESOP.

We have an aggressive growth mindset seeking to accelerate organic growth and acquire companies with core values that align with our mission, vision and values. Over time, we added eight businesses to the family of companies. In all, we grew from 600 employees to nearly 7,000 from $60 million in revenue to $936 million.

As I pause to reflect honoring the legacy that the Wright family started 90 years ago, the things we needed to achieve to ensure our long-term success and cement our leadership position in the industry – some might call this 25-year history a good record, I call it a great start.

We have seen our business grow and prosper as we embark on the next step toward the future. We must continue to take crucial steps to protect our environment in ways that generations before us could not have imagined, investing in our people, our infrastructure, innovation through technology and stewardship while never losing sight of our core values safety, family, integrity, excellence and stewardship, the guardrails of how we live and work together as we drive towards our vision.

For the last 21 years, hosting the Annual Awards Banquet has been an honor and a privilege. This marks my season finale, stepping down as your CEO this December, the end of a chapter. But the next page begins a new chapter with many more to come.

The Next Chapter

During Austin Kennedy’s 10 years with Wright Service Corp., the last year as president and COO along with his previous role as general counsel, he has demonstrated leadership excellence, and a passion for innovation and teamwork.

The board and I are very confident that Austin is the right person to serve as our next CEO to continue building on our solid foundation for our family of companies embracing our core values and guiding us into the future.

Over the past several years, we planned this transition. Austin continues to work alongside our operating units gaining a firm understanding of what makes our company successful.