Hayward Holdings, Inc. · NYSE:HAYW
Hayward — Q4 2025 Earnings Presentation
32 slides from Hayward's earnings presentation, Feb 25, 2026
Slide 1: Fourth Quarter and Full Year 2025 Earnings
FOURTH QUARTER AND FULL YEAR 2025 EARNINGS February 25, 2026 © 2026 Hayward Holdings, Inc.
Slide 2: Fourth Quarter and Full Year 2025 Earnings Call
FOURTH QUARTER AND FULL YEAR 2025 EARNINGS CALL KEVIN HOLLERAN President and Chief Executive Officer EIFION JONES Senior Vice President and Chief Financial Officer KEVIN MACZKA Vice President of Investor Relations and FP&A NYSE: HAYW © 2026 Hayward Holdings, Inc. 2
Slide 3: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation includes certain statements that are “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 that are based on the beliefs of Hayward’s mana
Slide 4: Key Messages
Key Messages Q4 2025 ahead of expectations; net sales +7%, gross margin +160 bps, adj. EBITDA1 +4% YoY FY 2025 net sales +7%, gross margin +170 bps, adj. EBITDA1 +8% Strong cash flow; reduced year-end net leverage2 from 2.8x to 1.9x Executing strategic growth and operational excellence initiatives F
Slide 5: Financial Overview
Financial Overview Q4 2025 YoY Net Sales $349.4M +7% Gross Profit Margin 48.5% +160 bps RESULTS REFLECT: Adj. EBITDA1 $102.9M +4% ▪ Continued strong execution Adj. EBITDA Margin1 29.4% -80 bps ▪ Positive net price realization and stable Adj. Diluted EPS1 $0.29 +7% volume ▪ Solid gross profit margin
Slide 6: Highlights from Hayward's 100th Year
Highlights from Hayward’s 100th Year Strong Financial and Strategic Performance; Well-positioned for Profitable Growth Financial Product Innovation Customer Experience ✓ Net sales +7% (6-year CAGR1 +7%) ✓ Increased RD&E investments and advanced ✓ Continued expansion of Hayward Hubs, training and ✓ I
Slide 7: Product Innovation: OmniX Ecosystem Expansion
Product Innovation: OmniX Ecosystem Expansion PRODUCTS THINKING TOGETHER We own or license the trademarks and trade names used in this presentation. For convenience, marks may appear without ® or , which does not indicate registration status or limit our rights. © 2026 Hayward Holdings, Inc. 7
Slide 8: Product Innovation: New Launches Targeting The Aftermarket
Product Innovation: New Launches Targeting The Aftermarket 4 horsepower Tracjet Vu retro Variable speed (VS) Pump Expansion pressure cleaner universal aftermarket lights Colorlogic European landscape lighting Aftermarket pump We own or license the trademarks and trade names used in this presentation
Slide 9: Corporate Strategy
Corporate Strategy Organic • Execute global product and technology leadership roadmaps Growth • Advance regional sales & marketing strategies • Expand customer experience initiatives • Accelerate growth plans in Commercial Pool and Flow Control markets Margin • Proven culture of operational excellen
Slide 10: Fourth Quarter 2025 Financials
Fourth Quarter 2025 Financials NET SALES +6.8% YoY ▪ Net price +7% NET SALES OF $349.4M ▪ Volume -1% ▪ F/X +1% GROSS PROFIT MARGIN OF 48.5% ▪ Increased 160 bps YoY GROSS PROFIT OF $169.3M ▪ NAM increased 80 bps YoY ▪ ERW increased 590 bps YoY ADJ. EBITDA MARGIN1 OF 29.4% ▪ Reduced 80 bps YoY ADJ. EB
Slide 11: Full Year 2025 Financials
Full Year 2025 Financials NET SALES +6.7% YoY ▪ Net price +5% ▪ Volume stable NET SALES OF $1.122B ▪ Acquisition +1% (ChlorKing) ▪ F/X neutral GROSS PROFIT MARGIN OF 48.0% ▪ Increased 170 bps YoY GROSS PROFIT OF $538.7M ▪ Strong execution, increased operational efficiencies ▪ Positive price realizat
Slide 12: Fourth Quarter 2025 Segment Overview
Fourth Quarter 2025 Segment Overview NORTH AMERICA EUROPE & REST OF WORLD NET SALES GROSS PROFIT ADJ. SEGMENT INCOME1 NET SALES GROSS PROFIT ADJ. SEGMENT INCOME1 $308.7M $154.7M $109.2M $40.7M $14.6M $6.6M YoY Change: Gross Profit Margin: Adj. Segment YoY Change: Gross Profit Margin: Adj. Segment +7
Slide 13: Full Year 2025 Segment Overview
Full Year 2025 Segment Overview NORTH AMERICA EUROPE & REST OF WORLD NET SALES GROSS PROFIT ADJ. SEGMENT INCOME1 NET SALES GROSS PROFIT ADJ. SEGMENT INCOME1 $959.2M $478.9M $310.7M $163.0M $59.8M $28.3M YoY Change: Gross Profit Margin: Adj. Segment YoY Change: Gross Profit Margin: Adj. Segment +7.1%
Slide 14: Balance Sheet and Cash Flow Highlights
Balance Sheet and Cash Flow Highlights BALANCE SHEET ($M) CASH FLOW ($M) 12/31/2025 FY 2025 FY 2024 Cash and cash equivalents $330 $600M fixed rate, Cash flows from operating activities $256 $212 remainder variable Short-term investments $69 Blended interest Less capex6 ($31) ($24) rate of 5.8%5 Tot
Slide 15: Capital Allocation Priorities
Capital Allocation Priorities GROWTH INVESTMENTS 1 • Innovative new product development, IoT digital leadership • Commercial programs, dealer conversions • Operational excellence, productivity, automation, footprint optimization Funding strategic 2 STRATEGIC M&A • Pipeline of opportunities to comple
Slide 16: FY 2026 Financial Outlook
FY 2026 Financial Outlook Net sales up ~4% YoY Adjusted diluted EPS1 of $0.82 to $0.86, up ~6% to 12% YoY OUTLOOK REFLECTS: Free cash flow1 of ~$200M, >100% of net income ▪ Continued profitable growth ▪ Resilient aftermarket demand ▪ Positive net price realization ▪ Robust margins Modeling assumptio
Slide 17: Key Messages
Key Messages Q4 2025 ahead of expectations; net sales +7%, gross margin +160 bps, adj. EBITDA1 +4% YoY FY 2025 net sales +7%, gross margin +170 bps, adj. EBITDA1 +8% Strong cash flow; reduced year-end net leverage2 from 2.8x to 1.9x Executing strategic growth and operational excellence initiatives F
Slide 18: Company Overview
COMPANY OVERVIEW © 2026 Hayward Holdings, Inc. 18
Slide 19: Hayward at a Glance
Hayward at a Glance ✓ Global leader in pool and outdoor living technology with the industry’s most recognized and trusted brand $1.12B 7% Net Sales ✓ Strong, recurring aftermarket sales driven by one of the largest installed bases in the world 2025 6-year CAGR Net Sales ✓ Energy-efficient, environme
Slide 20: Why Invest in Hayward?
Why Invest in Hayward? • Secular tailwinds (sunbelt migration, healthy outdoor living) Attractive • Large installed base that grows every year Industry • Disciplined industry, demonstrated pricing power • Aftermarket1 sales mix ~85% Recurring • Majority non-discretionary purchases to maintain existi
Slide 21: Attractive Long-Term Growth Dynamics
Attractive Long-Term Growth Dynamics Secular Tailwinds Industry Drivers Competitive Advantages ✓ Healthy outdoor living ✓ Growing, aging installed base ✓ Strong brand and installed base ✓ Sunbelt migration ✓ Non-discretionary aftermarket ✓ Technology leadership spending ✓ “Smart home” IoT adoption ✓
Slide 22: Appendix: Non-GAAP Reconciliations
APPENDIX APPENDIX Non-GAAP Reconciliations Non-GAAP Reconciliations © 2026 Hayward Holdings, Inc. 22
Slide 23: Change in Accounting Principle
Change in Accounting Principle Warranty Cost Presentation Change Q4 2025 FY 2025 Gross Profit Margin Before Presentation Change 52.1% 51.5% Gross Profit Margin After Presentation Change 48.5% 48.0% During the fourth quarter of 2025, the Company changed its presentation of warranty costs from selling
Slide 24: Warranty Cost Presentation Change
Warranty Cost Presentation Change APPENDIX © 2026 Hayward Holdings, Inc. 24
Slide 25: Warranty Cost Presentation Change
Warranty Cost Presentation Change APPENDIX © 2026 Hayward Holdings, Inc. 25
Slide 26: Warranty Cost Presentation Change
Warranty Cost Presentation Change APPENDIX © 2026 Hayward Holdings, Inc. 26
Slide 27: Adjusted EBITDA & Adjusted EBITDA Margin Reconciliation
Adjusted EBITDA & Adjusted EBITDA Margin Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 27
Slide 28: Adjusted Net Income & Adjusted EPS Reconciliation
Adjusted Net Income & Adjusted EPS Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 28
Slide 29: Adjusted Segment Income Reconciliation
Adjusted Segment Income Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 29
Slide 30: Adjusted EBITDA Historical Reconciliation
Adjusted EBITDA Historical Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 30
Slide 31: Net Leverage Reconciliation
Net Leverage Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 31
Slide 32: Thank You
THANK YOU © 2026 Hayward Holdings, Inc. 32