Brightview Holdings, Inc. · NYSE:BV
Brightview — Q4 2025 Earnings Presentation
26 slides from Brightview's earnings presentation, Nov 20, 2025
Slide 1: Fourth Quarter & Fiscal Year 2025 Earnings Call
Fourth Quarter & Fiscal Year 2025 Earnings Call November 20, 2025 NYSE: BV
Slide 2: Introductory Information: Forward Looking Statements
Introductory Information Forward Looking Statements and One Rock to exert significant influence over us; anti-takeover provisions in our organizational documents that This presentation contains “forward-looking statements” within the meaning of the safe harbor provision of the U.S. could delay or pr
Slide 3: Executive Summary
Executive Summary Dale Asplund | President & Chief Executive Officer 4Q FY2025 Earnings Presentation | 3
Slide 4: Key Operational & Financial Highlights
Key Operational & Financial Highlights One BrightView strategy continues to drive transformation Highlights Continuing to invest in employees and fleet to deliver best-in-class service to customers Investing in salesforce & service levels by leveraging size and scale and G&A savings Delivered record
Slide 5: Continuing To Prioritize Our Employees
BECOMING THE EMPLOYE R OF Continuing To Prioritize Our Employees CHO ICE Prioritizing and investing in our front line delivers sequential employee turnover improvement Trucks / Flexible Advanced Mowers Schedules PTO Pay Service Affordable Boots HRIS Benefits Hours 4Q FY2025 Earnings Presentation | 5
Slide 6: Continuing To Deliver Best in Class Customer Service
CUS TO ME R CENTRIC Continuing To Deliver Best in Class Customer Service FOCUS Unwavering customer service yields sequential customer retention improvement Reduced Improved Best-in-class Efficient / Turnover Communication service Unified 4Q FY2025 Earnings Presentation | 6
Slide 7: Accelerating Investments in Salesforce Through G&A Savings
UNLOCKING SIZE AND Accelerating Investments in Salesforce Through G&A Savings SCALE Meaningful progress already made…but more to come Seller Updates • FY’25 G&A savings partially reinvested back into expanding our salesforce • Tenure of salesforce to improve as we ramp • Productivity improves after
Slide 8: Driving Profitable Growth in 2026 & Beyond
Driving Profitable Growth in 2026 & Beyond Focused on achieving consistent Top Line Profitable Growth and Shareholder Value Sustainable Revenue Growth National Accounts Development Improved Conversions Employee Turnover Sales Force Ramp Ancillary Profitable Higher Offerings Streamlined Ops Structure
Slide 9: Financial Review & Outlook
Financial Review & Outlook Brett Urban | Chief Financial Officer 4Q FY2025 Earnings Presentation | 9
Slide 10: Delivered Second Consecutive Record Year in 2025
Delivered Second Consecutive Record Year in 2025 Continued execution of our strategy NOTE: FY20 excluded from above due to atypical results related to COVID pandemic 1) Streamlined structure = reduced overhead…reinvested back into the business Key 2) Continued focus on centralization, scale advantag
Slide 11: FY 2025 Adjusted EBITDA
FY 2025 Adjusted EBITDA Operational efficiencies drive continued margin expansion across all segments $MMs 2H’25 Salesforce Ramp 13.2% 11.7% Minor differences may exist due to rounding $MMs FY 2025 FY 2024 Commentary Total Adjusted EBITDA $352.3 $324.7 • ~ 8% increase and margin expansion +150bps Ma
Slide 12: Operating Efficiencies Generating Cost Benefits
Operating Efficiencies Generating Cost Benefits Reduced overhead and leaner structure driving lower SG&A expense SG&A Expense ($M) & SG&A Percent of Revenue 18.9% 17.9% 17.1% Streamlined Operations = Meaningful Cost Savings Reinvested Into Sales Force 4Q FY2025 Earnings Presentation | 12
Slide 13: Maintenance Land Revenue To Inflect in FY26
Maintenance Land Revenue To Inflect in FY26 Maintenance revenue metrics continue to improve after Q3 macro related headwinds Investments in Steady progress in Macro related 4Q25 Land revenue salesforce to drive Land revenue trajectory dynamics created trended back towards growth in 2026 and through
Slide 14: Fleet Investments Providing Meaningful Benefits
Fleet Investments Providing Meaningful Benefits Capital allocation strategy delivering multi-faceted benefits Fleet Management Strategy EBITDA Margin = • Prioritize refreshing our most aged fleet first Growth Expansion • Assets disposed at optimal time producing higher residuals Higher Improved • Re
Slide 15: Strategic Capital Priorities
Strategic Capital Priorities Fortified balance sheet enables execution of capital allocation priorities Fortified Accelerate Share Accretive Balance Sheet Fleet Strategy Repurchase Acquisitions • 2025 was highest capital • Increased existing share • Favorable debt structure • Robust acquisition pipe
Slide 16: FY 2026 Guidance
FY 2026 Guidance 2026 Guidance $2.670B – Total Revenue $2.730B Guidance Assumptions Maintenance Land Growth ~ +1% to ~ +2% Adjusted EBITDA $363M – $377M Revenue Development Growth ~ Flat to ~ +2% Snow Revenue ~$190 to ~ $220M Maintenance ~ +50 to ~ +70bps Adj. EBITDA Margin ~ +40 to ~ +60bps Expansi
Slide 17: FY26 Positioned for Another Record Year
FY26 Positioned for Another Record Year Strategy Execution & Increased Liquidity Enable Long-Term Profitable Growth & Value Creation NOTE: FY20 excluded from above due to atypical results related to COVID pandemic * Midpoint of guidance 4Q FY2025 Earnings Presentation | 17
Slide 18: One BrightView Driving Long-Term Profitable Growth
One BrightView Driving Long-Term Profitable Growth Reaffirming our commitment to Long-Term Growth targets 2030 Aspirational Targets1 BECOMING THE UNLOCKING EMPLOYER OF CHOICE SIZE AND SCALE ~$4B*+ ~$650M+ Total Revenue Adjusted EBITDA INVE CE TM OI S H ENT OF C ~16%+ ~40%+ CUSTOMER Adjusted EBITDA F
Slide 19: Questions & Answers
QUESTIONS & ANSWERS 4Q FY2025 Earnings Presentation | 19
Slide 20: Appendix
Appendix 4Q FY2025 Earnings Presentation | 20
Slide 21: Non-GAAP to GAAP Reconciliation
Non-GAAP to GAAP Reconciliation 4Q FY2025 Earnings Presentation | 21
Slide 22: Non-GAAP to GAAP Reconciliation (con't.)
Non-GAAP to GAAP Reconciliation (con’t.) (a) Business transformation and integration costs consist of (i) severance and related costs; (ii) business integration costs and (iii) information technology infrastructure, transformation and other costs. Fiscal Year Ended Three Months Ended September 30, S
Slide 23: Non-GAAP to GAAP Reconciliation (con't.)
Non-GAAP to GAAP Reconciliation (con’t.) Exhibit 99.1 Total Financial Debt and Total Net Financial Debt September 30, September 30, September 30, (in millions)* 2025 2024 2023 Long-term debt, net $ 790.2 $ 802.5 $ 888.1 Plus: Current portion of long term debt — — — Financing costs, net 5.3 6.5 6.6 P
Slide 24: Share Repurchase Reconciliation: Q4
Share Repurchase Reconciliation: Q4 Company Repurchases of Equity Securities The following table provides information about the Company's share repurchase activity during the fourth fiscal quarter of 2025. (c) Total number of (d) (b) shares purchased as Approximate dollar value (a) Average part of p
Slide 25: Revenue Guidance Reconciliation
Revenue Guidance Reconciliation Guidance Reconciliation Land Snow Dev't I/c Total FY'25 1,680 211 789 (8) 2,673 Low-End 1% N/A 0% N/A N/A Ranges High-End 2% N/A 2% N/A N/A 2,670 Implied Low-End 1,700 190 790 (8) Math High-End 1,715 220 805 (8) 2,730 Low-End 2,670 Guide High-End 2,730 Minor differenc
Slide 26: 2026 Revenue Guidance Bridge
2026 Revenue Guidance Bridge Investments in salesforce to drive top-line growth in fiscal 2026 ~ Flat to ~ +2% growth Cold Starts ~ +1% to Seller Investments ~ +2% growth Project Timing / Delays Seller Investments Improved customer retention & Ancillary offerings Dev’t to Maintenance Conversions Bri