Hayward Holdings, Inc. · NYSE:HAYW
Hayward — Q3 2025 Earnings Presentation
25 slides from Hayward's earnings presentation, Oct 29, 2025
Slide 1: Third Quarter 2025 Earnings
THIRD QUARTER 2025 EARNINGS October 29, 2025 © 2025 Hayward Holdings, Inc.
Slide 2: Third Quarter 2025 Earnings Call
THIRD QUARTER 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 © 2025 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 Reported Q3 2025 results ahead of expectations; net sales +7%, adjusted EBITDA +16% YoY Delivered solid margin expansion; gross margin of 51.2%, adjusted EBITDA margin1 of 24.2% Generated strong cash flow; reduced net leverage2 to 1.8x, lowest level since Q4 2021 Continued executing str
Slide 5: Financial Overview
Financial Overview Q3 2025 YoY RESULTS REFLECT: Net Sales $244.3M +7% ▪ Continued strong execution Gross Profit Margin 51.2% +150 bps ▪ Positive net price realization and increased volume Adj. EBITDA1 $59.1M +16% ▪ Solid gross profit margin and adjusted Adj. EBITDA Margin1 24.2% +170 bps EBITDA marg
Slide 6: Business Update
Business Update END DEMAND TARIFF MITIGATION ✓ Encouraged by recent demand trends for Hayward products ✓ Mitigation action plans progressing as planned; offsetting ✓ Resilient aftermarket maintenance; new construction and the tariff cost increases remodel impacted by economic and interest rate envir
Slide 7: Third Quarter 2025 Financials
Third Quarter 2025 Financials NET SALES +7.4% YoY ▪ Net price +5% NET SALES OF $244.3M ▪ Volume +2% GROSS PROFIT MARGIN OF 51.2% ▪ Increased 150 bps YoY GROSS PROFIT OF $125.1M ▪ NAM increased 50 bps YoY ▪ ERW increased 750 bps YoY and 300 bps sequentially ADJ. EBITDA MARGIN1 OF 24.2% ▪ Increased 17
Slide 8: Third Quarter 2025 Segment Overview
Third Quarter 2025 Segment Overview NORTH AMERICA EUROPE & REST OF WORLD NET SALES GROSS PROFIT ADJ. SEGMENT INCOME1 NET SALES GROSS PROFIT ADJ. SEGMENT INCOME1 $208.2M $110.0M $61.7M $36.1M $15.1M $6.7M YoY Change: Gross Profit Margin: Adj. Segment YoY Change: Gross Profit Margin: Adj. Segment +6.8
Slide 9: Balance Sheet and Cash Flow Highlights
Balance Sheet and Cash Flow Highlights BALANCE SHEET ($M) CASH FLOW ($M) 9/27/2025 YTD YTD 2025 2024 Cash and cash equivalents $429 $600M fixed rate, remainder variable Cash flows from operating activities $283 $276 Short-term investments $20 Blended interest Less capex6 ($21) ($18) rate of 6.0%5 To
Slide 10: 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 11: Increased FY 2025 Financial Outlook
Increased FY 2025 Financial Outlook Net sales of $1.095B to $1.110B, up ~4% to 5.5% YoY Adjusted EBITDA1 of $292M to $297M, up ~5% to 7% YoY OUTLOOK REFLECTS: ▪ Resilient non-discretionary aftermarket Free cash flow1 of ~$170M, >100% of net income maintenance ▪ Discretionary new construction, remode
Slide 12: Key Messages
Key Messages Reported Q3 2025 results ahead of expectations; net sales +7%, adjusted EBITDA +16% YoY Delivered solid margin expansion; gross margin of 51.2%, adjusted EBITDA margin1 of 24.2% Generated strong cash flow; reduced net leverage2 to 1.8x, lowest level since Q4 2021 Continued executing str
Slide 13: Company Overview
COMPANY OVERVIEW © 2025 Hayward Holdings, Inc. 13
Slide 14: 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 $1.05B 7.5% Net Sales ✓ Strong, recurring aftermarket sales driven by one of the largest installed bases in the world 2024 5-year CAGR Net Sales ✓ Energy-efficient, environ
Slide 15: 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 16: 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 17: 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 18: Celebrating 100 Years of Hayward
Celebrating 100 Years of Hayward FR OM H U M B LE B E GI N N I N GS TO GLOB AL P U B LI C C OM PAN Y Irving Hayward Oscar Davis Hayward IPO Hayward Celebrating Establishes Hayward Acquires Hayward & NYSE: HAYW 100 Years Enters Pool Market 1925 1960s 2021 Today © 2025 Hayward Holdings, Inc. 18
Slide 19: Appendix: Non-GAAP Reconciliations
APPENDIX APPENDIX Non-GAAP Reconciliations Non-GAAP Reconciliations © 2025 Hayward Holdings, Inc. 19
Slide 20: Adjusted EBITDA & Adjusted EBITDA Margin Reconciliation
Adjusted EBITDA & Adjusted EBITDA Margin Reconciliation APPENDIX © 2025 Hayward Holdings, Inc. 20
Slide 21: Adjusted EBITDA & Adjusted EBITDA Margin Last Twelve Months
Adjusted EBITDA & Adjusted EBITDA Margin Last Twelve Months Reconciliation APPENDIX © 2024 Hayward Holdings, Inc. 21
Slide 22: Adjusted Net Income & Adjusted EPS Reconciliation
Adjusted Net Income & Adjusted EPS Reconciliation APPENDIX © 2025 Hayward Holdings, Inc. 22
Slide 23: Adjusted Segment Income Reconciliation
Adjusted Segment Income Reconciliation APPENDIX © 2025 Hayward Holdings, Inc. 23
Slide 24: Adjusted EBITDA Historical Reconciliation
Adjusted EBITDA Historical Reconciliation APPENDIX © 2025 Hayward Holdings, Inc. 24
Slide 25: Thank You
THANK YOU © 2025 Hayward Holdings, Inc. 25