Esco Technologies Inc. · NYSE:ESE

Esco Technologies — Merger or Acquisition (April 2026)

13 slides from Esco Technologies's merger presentation, Apr 16, 2026

  1. Slide 1: Megger Group Limited Acquisition Call

    Megger Group Limited Acquisition Call ESCO Technologies Inc. | April 16, 2026 Bryan Sayler President & CEO Chris Tucker Sr. Vice President & CFO

  2. Slide 2: Forward Looking Statement

    Forward Looking Statement Statements contained in this presentation or during the conference call regarding Management’s expectations for Q2 Fiscal 2026 revenue, GAAP EPS, and Adjusted EPS, as well as future growth, growth strategy, expectations, beliefs and benefits resulting from the acquisition,

  3. Slide 3: ESCO to acquire Megger Group Limited

    ESCO to acquire Megger Group Limited Megger is a leading provider of electrical test, monitoring, and software solutions for utilities > Integrated offerings across the entire maintenance lifecycle with leading positions in UK and EU > Secular end market tailwinds > Long-standing heritage and blue c

  4. Slide 4: Transaction Overview

    Transaction Overview > Purchase price of ~$2.35B, with consideration of $0.9B in cash and ESCO equity valued at ~$1.4B > Represents a ~14x 2026E EBITDA multiple, including synergies Overview > TBG to own 16% of the combined company at transaction close • Lock-up: 50% releasing 6 months post close, r

  5. Slide 5: Megger Overview

    Megger Overview Select Offerings > Designs and manufactures electrical test and measurement equipment for every size and application of testing voltage, current and resistance for customers across the entire value chain > ~130-year history with market leading positions in the United Kingdom and Euro

  6. Slide 6: Highly Complementary Product Portfolio

    Highly Complementary Product Portfolio Low Voltage Testing ✓✓✓ Battery and Cable Testing ✓✓✓ Water Leak Detection ✓✓ Software ✓ ✓✓ Training ✓ ✓✓✓ Services ✓✓✓ ✓ Circuit Breaker ✓ ✓✓✓ High Voltage Asset Analyzers ✓✓ ✓✓ Power System Simulators ✓✓✓ ✓ Condition Monitoring ✓✓✓ ✓ 6

  7. Slide 7: Serving the Full Maintenance Lifecycle

    Serving the Full Maintenance Lifecycle Condition-based Maintenance Predictive Maintenance Reactive Maintenance Preventive / Periodic Maintenance Manual Automated Static Rule Machine Learning > Time of equipment failure is predicted > Maintenance is performed when > Maintenance performed regularly on

  8. Slide 8: $60M of Cost Synergies by Year 3

    $60M of Cost Synergies by Year 3 Manufacturing / Footprint > Optimize combined footprint to maximize facility $60M utilization Run-rate cost synergies > Insource key Doble products into Megger facilities Sourcing > Leverage combined spend for direct material 3 years to achieve run-rate cost sourcing

  9. Slide 9: Continues Shift Towards High Growth & Margin Markets

    ESCO to acquire the Megger Group Limited (Megger) Continues Shift Towards High Growth & Margin Markets ESCO Pro Forma Revenue Profile USG USG A&D 30% 36% A&D 34% 44% ESCO 2026 Including FY’24 A&D USG Megger Outlook 50% 52% ~$1.9B ~$1.3B Test Test Test 20% 14% 20% > ESCO Maritime acquisition increase

  10. Slide 10: Well-Positioned in Markets with Secular Tailwinds

    Well-Positioned in Markets with Secular Tailwinds Utility Solutions Group Aerospace & Defense > U.S. electricity demand forecasted to double by 2050 > Commercial Aero OEMs committed to increasing with the same trajectory expected globally build rates to meet long-term airline demand • AI infrastruct

  11. Slide 11: Acquisition Meets ESCO's Stated M&A Goals

    Acquisition Meets ESCO’s Stated M&A Goals Stated M&A Goals Megger > In our core businesses or markets, or ✓ Utility Solutions very close > A leader in niche markets ✓ Leading position in Europe > Technology driven products or ✓ Highly-advanced portfolio with strong services software and analytics of

  12. Slide 12: Conclusion: The ESCO Investment Opportunity

    Conclusion: The ESCO Investment Opportunity > We have confidence in our well-tested operating model > We serve technology-oriented end-markets with long-term organic growth trajectories • Commercial and defense aerospace – build rates increasing • Navy submarine fleet investments • Utility infrastru

  13. Slide 13: 645 Maryville Centre Drive, Suite 300 • St. Louis, MO 63141 www.escotechnologies.com Kate Lowrey

    645 Maryville Centre Drive, Suite 300 • St. Louis, MO 63141 (314) 213-7200 www.escotechnologies.com Kate Lowrey – Vice President of Investor Relations klowrey@escotechnologies.com / 314-213-7277 https://investor.escotechnologies.com NYSE: ESE

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