Slide 1: First Quarter 2026 Earnings Presentation
FIRST QUARTER 2026 EARNINGS PRESENTATION MAY 11, 2026 SEAN BAGAN: PRESIDENT & CHIEF EXECUTIVE OFFICER JEREMY EVANS: EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER TANIA ALMOND: VP, INVESTOR RELATIONS & NYSE: HLIO CORPORATE COMMUNICATION
Slide 2: Safe Harbor
SAFE HARBOR 2 This presentation and oral statements made by management in connection herewith contain position, results of operations and/or cash flows; (vii) risks related to our international operations, “forward‐looking statements” within the meaning of Section 21E of the Securities Exchange Act
Slide 3: 1Q26: Executive Summary
1Q26: EXECUTIVE SUMMARY 3 INVESTOR DAY CONEXPO MOTE SEA SPONSORSHIP LAUNCHED THE CORE STRATEGY AND 2030 LONG-RANGE FINANCIAL TARGETS INCLUDING PLAN TO DOUBLE SALES INCREASING DIVIDEND BY 33%; FIRST EVER INCREASE IN 29 YEAR HISTORY OF CONSISTENTLY PAYING DIVIDENDS 1Q26 RESULTS ABOVE OR AT THE TOP END
Slide 4: 1Q26: Financial Highlights
1Q26: FINANCIAL HIGHLIGHTS 4 SALES ADJUSTED EBITDA MARGINS2 $228M 20.4% Up 17% YoY Up 310 bps YoY $5M above high end of outlook1 In line with high end of outlook1 DILUTED NON-GAAP EPS2 OPERATING CASH FLOW $0.80 $24M Up 82% YoY Up 26% YoY $0.10 above high end of outlook1 Record cash generation in a f
Slide 5: 1Q26: Sales by Segment, Region, & End Market
1Q26: SALES BY SEGMENT, REGION, & END MARKET 5 Broad Growth Across Key Markets SALES BY SEGMENT SALES BY REGION SALES BY END MARKET* Industrial Recreational 13% 16% Hydraulics Electronics Americas EMEA Health & 61% 39% 25% Wellness Other 57% 14% 10% Agriculture APAC Mobile 15% 18% 32% Reported Pro F
Slide 6: 1Q26: Sales, Gross Profit, & Gross Margin
1Q26: SALES, GROSS PROFIT, & GROSS MARGIN 6 Delivered Three Consecutive Quarters of YoY Gross Margin Expansion ($ in millions) SALES YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER $872 $228 Sales +17%, +23% pro forma for the divestiture and the $839 $195 impact of foreign exchange Sales impacted by: + Gr
Slide 7: 1Q26: Operating Margin & Adjusted EBITDA / Margin
1Q26: OPERATING MARGIN & ADJUSTED EBITDA / MARGIN 7 Third Quarter in a Row with Adjusted EBITDA Margin in the 20 Percentile ($ in millions) GAAP & NON-GAAP OPERATING MARGIN1 YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER 15.4% 16.2% 16.7% 13.4% 3.6% Non-GAAP operating income +46% to $38 million while Non
Slide 8: 1Q26: Net Income & Earnings Per Share
1Q26: NET INCOME & EARNINGS PER SHARE 8 Delivered Three Consecutive Quarters of Double Digit Adjusted Diluted EPS ($ in millions) NET INCOME YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER $61 $20 $48 Net income +170% $7 Net income impacted by: + Interest 2025 TTM 2026 1Q25 1Q26 + Effective tax rate DILUT
Slide 9: 1Q26: Segment Highlights
1Q26: SEGMENT HIGHLIGHTS 9 ($ in millions) HYDRAULICS ELECTRONICS HYDRAULICS ELECTRONICS 1Q26 YoY 1Q26 YoY 1Q26 YoY 1Q26 YoY Sales $139.2 10% $89.2 29% Americas $56.7 14% $72.0 27% Gross Profit $44.3 18% $30.6 36% EMEA $49.2 30% $8.6 39% Operating Income $23.4 34% $14.2 78% APAC1 $33.3 -14% $8.6 39%
Slide 10: 1Q26: Cash Flow
1Q26: CASH FLOW 10 Strong Results Combined & Cash Conversion Cycle Reduction ($ in millions) CASH CONVERSION CYCLE ADJUSTED FREE CASH FLOW1 (BARS) 144 141 ADJUSTED FCF CONVERSION1 RATE (DIAMONDS) 126 116 $108 $104 $95 2024 2025 1Q25 1Q26 DEEPER BUSINESS 244% REVIEWS CAPEX DOLLARS / CAPEX % OF SALES
Slide 11: 1Q26: Debt, Liquidity, & Capital Allocation
1Q26: DEBT, LIQUIDITY, & CAPITAL ALLOCATION 11 Improved Leverage Ratio & Increased Liquidity ($ in millions) DEBT & LIQUIDITY PROFILE CAPITAL ALLOCATION PRIORITIES 1. 2. 3. $459 Pay Down Organic Returns to 4. Acquisitions Liquidity Debt Investments Shareholders $349 Total Debt $104 Revolver / Other
Slide 12: 2026: Financial Priorities
2026: FINANCIAL PRIORITIES 12 EXPAND MAINTAIN OPTIMIZE EXECUTE ON GROSS EARNINGS CAPITAL GROWTH PLAN MARGINS MOMENTUM ALLOCATION By winning our By driving By building on By investing in share of the productivity and our strong organic growth sales funnel and leveraging our foundation and and driving
Slide 13: 2026: Updated Outlook
2026: UPDATED OUTLOOK 13 PRIOR FY26 OUTLOOK NEW FY26 OUTLOOK 2Q26 OUTLOOK ISSUED ON 3/2/2026 ISSUED ON 5/11/2026 ISSUED ON 5/11/2026 SALES SALES SALES +4% to +9% +6% to +10% +15% to +17% $820M to $860M $840M to $870M $227M to $232M Relative to FY25 Pro Forma1 at $792M * Relative to FY25 Pro Forma1 a
Slide 14: 2026: Segment Outlook
2026: SEGMENT OUTLOOK 14 HYDRAULICS ELECTRONICS Regional Outlook AMER EMEA APAC AMER EMEA APAC Positive Catalysts Mobile Recreational, Mobile Health & Wellness, Industrial, Commercial Stable / Moderate Lift Agriculture Food Service, Recurring Revenue Flat / No Signs Yet of Bounce Industrial Marine 2
Slide 15: 2026: Key Focus Areas
2026: KEY FOCUS AREAS 15 STRATEGIC FRAMEWORK Implementing The CORE 2030 Strategy while delivering year one progress to plan EVOLVE OUR GO-TO-MARKET Continuous improvement → converting the growing sales funnel into more new business wins INSTITUTIONALIZE INNOVATION Rigorous NPI processes that drive n
Slide 16: Supplemental Slides
HELIOS 5 SUPPLEMENTAL SLIDES
Slide 17: 2026: Full Year Outlook
2026: FULL YEAR OUTLOOK 17 AS ISSUED AS ISSUED ON 3/2/2026 ON 5/11/2026 KEY FINANCIAL 2025 PRIOR 2026 NEW 2026 METRICS ACTUAL2 OUTLOOK OUTLOOK Net Income $48.4 $61 - $72 $67 - $75 OUTLOOK ASSUMPTIONS • Hydraulics segment growth, on a pro-forma basis Adjusted EBITDA1 $160.7 $160 - $181 $164 - $183 fo
Slide 18: Segment Data
SEGMENT DATA 18 (Unaudited) ($ in millions) For the Three Months Ended For The Twelve Months Ended April 0 4 , Marc h 2 9 , April 0 4 , January 0 3 , 2026 2025 2026 2026 Net sales: Hydraulics $ 139.20 $ 126.40 $ 553.60 $ 540.80 Electronics 89.20 69.10 318.30 298.20 Consolidated $ 228.40 $ 195.50 $ 8
Slide 19: Net Sales by Geographic Region & Segment
NET SALES BY GEOGRAPHIC REGION & SEGMENT 19 (Unaudited) 2026 ($ in millions) % Ch an ge Q1 y /y America s: Hydraulics $ 56.7 14% Electronics 72.0 27% Consol. Americ as 1 2 8 .7 21% % of total 57% EMEA: Hydraulics $ 49.2 30% Electronics 8.6 39% Consol. EMEA 5 7 .8 31% % of total 25% AP AC: Hydraulics
Slide 20: Non-GAAP Adjusted Operating Income & Margin Reconciliation
NON-GAAP ADJUSTED OPERATING INCOME & 20 NON-GAAP ADJUSTED OPERATING MARGIN RECONCILIATION (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended April 0 4 , Marc h 2 9 , April 0 4 , January 0 3 , 2026 Margin 2025 Margin 2026 Margin 2026 Margin GAAP operating inc ome $ 2 9
Slide 21: Non-GAAP Adjusted Net Income & EPS Reconciliation
NON-GAAP ADJUSTED NET INCOME & 21 NON-GAAP ADJUSTED NET INCOME PER DILUTED SHARE RECONCILIATION (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended April 0 4 , P er Diluted Marc h 2 9 , P er Diluted April 0 4 , P er Diluted January 0 3 , P er Diluted 2026 Share 2025 Sh
Slide 22: Non-GAAP Adjusted EBITDA & Margin Reconciliation
NON-GAAP ADJUSTED EBITDA & 22 NON-GAAP ADJUSTED EBITDA MARGIN RECONCILIATION (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended April 0 4 , Marc h 2 9 , April 0 4 , January 0 3 , 2026 Margin 2025 Margin 2026 Margin 2026 Margin Net inc ome $ 1 9 .7 8 .6 % $ 7 .3 3 .7 %
Slide 23: Non-GAAP Adjusted Free Cash Flow Reconciliation
NON-GAAP ADJUSTED FREE CASH FLOW RECONCILIATION 23 (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended April 0 4 , Marc h 2 9 , Marc h 3 0 , April 0 4 , January 0 3 , Dec ember 2 8 , 2026 2025 2024 2026 2026 2024 Net c ash provided by operating ac tivities $ 2 3 .9 $ 1
Slide 24: Pro Forma Non-GAAP Net Sales Reconciliation
PRO FORMA NON-GAAP NET SALES RECONCILIATION 24 (Unaudited) ($ in millions) For The Three Months Ended April 0 4 , 2 0 2 6 Hydraulic s Elec tronic s Consolidated Net sales $ 1 3 9 .2 $ 8 9 .2 $ 2 2 8 .4 Impact of foreign exchange (5.3) (0.3) (5.6) Net sales in c onstant c urrenc y $ 1 3 3 .9 $ 8 8 .9
Slide 25: Cash Conversion Cycle
CASH CONVERSION CYCLE 25 (Unaudited) ($ in millions) For the Three Months Ended For the Twelve Months Ended April 0 4 , Marc h 2 9 , January 3 , Dec ember 2 8 , Days sales outstanding 2026 2025 2026 2024 Net sales (a) $ 228 $ 195 $ 839 $ 806 Accounts, receivable, net (b) $ 137 $ 121 $ 116 $ 105 Days
Slide 26: Net Debt to Non-GAAP Adjusted EBITDA Reconciliation
NET DEBT TO NON-GAAP ADJUSTED EBITDA RECONCILIATION 26 (Unaudited) ($ in millions) As of As of April 0 4 , Marc h 2 9 , 2026 2025 Current portion of long-term non-revolving debt, net - 16.1 Revolving lines of credit 103.7 150.3 Long-term non-revolving debt, net 244.8 279.2 Total debt 3 4 8 .5 4 4 5
Slide 27: heliostechnologies.com
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