Nvent Electric Plc · NYSE:NVT
Nvent Electric — Q1 2025 Earnings Presentation
20 slides from Nvent Electric's earnings presentation, May 2, 2025
Slide 1: nVent First Quarter 2025 Earnings Presentation
nVent First Quarter 2025 Earnings Presentation May 2, 2025 1
Slide 2: Forward-Looking Statement and Key Definitions
Forward-Looking Statement and Key Definitions Caution Concerning Forward-Looking Statements This presentation contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of hi
Slide 3: Key Messages
Key Messages Strong Q1: Sales $809M, up 11%; adjusted EPS up 10%; FCF up 32% Double-digit orders growth year-over-year and backlog up sequentially Portfolio transformation on track: divested Thermal Management and acquired the Electrical Products Group of Avail Infrastructure Solutions Strong balanc
Slide 4: Q1 Summary
Q1 Summary Sales of $809 million, up 11% and 2% organically Adjusted operating income of $162 million, up 4%; ROS of 20.0% Q1 2025 Adjusted EPS of $0.67, up 10% Robust free cash flow generation of $44 million, up 32% Organic growth led by Infrastructure, including Data Solutions and Power
Slide 5: Q1 2025 nVent Performance
Q1 2025 nVent Performance Sales ($M) Financial Highlights (YoY) $71 ($6) $809 Sales up 11%, organically up 2% - Acquisitions added 10 points to growth $12 +11% $732 YoY Adjusted operating income up 4% 2 pts 10 pts (1 pt) - Inflation partially offset by productivity Q1 ’24 Organic Acq. FX Q1 ’25
Slide 6: Q1 2025 Segment Performance
Q1 2025 Segment Performance Sales Segment Income Commentary ($M) Systems Protection ± Infrastructure grew; offset by Industrial and Commercial/Residential $508 $104 + Strong Data Solutions and Power Utilities sales and orders with backlog growth Up 16% Up 10% Flat organic ROS 20.5% (-110 bps) ± Amer
Slide 7: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Cash Flow ($M) Debt Summary ($M) Q1 $1,774 Maturity 2025 $500 @ 2028 Net Income $ 87 $1,300 73% Fixed $300 @ 2031 Amortization 28 $500 @ 2033 $474 27% Variable 2026-2028 Subtotal $ 115 Depreciation 14 Q1 ’25 Weighted Average Rate ~5% Note: Does not include $1,343 of cash
Slide 8: Capital Allocation Update
Capital Allocation Update Reinvest in Return Cash Manage Leverage M&A the business to Shareholders Target of 2.0X to 2.5X Full-year capex of Acquisitions a top Returned $286 million in Maintain investment ~$100 million in 2025 priority cash to shareholders grade metrics Investing for gro
Slide 9: 2025 nVent Outlook
2025 nVent Outlook nVent Expected Drivers Previous Guidance Updated Guidance Secular tailwinds in electrification, sustainability and digitalization Up 8% to 10% reported Up 19% to 21% reported Price and productivity offsetting inflation and tariffs Sales Up 4% to 6% organic Up 5% to 7% organic
Slide 10: Q2 2025 nVent Outlook
Q2 2025 nVent Outlook Q2 ’25 Q2 ’24 Other Items Reported sales Up 22% to 24% $740M Tax rate ~22% Organic sales Up 4% to 6% 4% Net interest expense ~$20M EPS (reported) $0.64 to $0.66 $0.55 Shares ~164M EPS (adjusted) $0.77 to $0.79 $0.67 Expected Drivers Acquisitions to add ~18 points to sales F
Slide 11: nVent Portfolio Transformation
nVent Portfolio Transformation 2019 2020 2021 2023 2024 2025 Avail Electrical Products Group Renewables Commercial & Power Utilities, Power Utilities, Industrial Data Solutions Infrastructure Data Centers, Data Centers, Automation Renewables Renewables Thermal Management Data Solutions Industrial Di
Slide 12: Avail Electrical Products Group Acquisition
Avail Electrical Products Group Acquisition Company Overview Strategic Fit The Avail Electrical Products Group is a leading provider of Builds on our control buildings platform acquired with control buildings, switchgear and bus systems in the the Trachte acquisition infrastructure vertical, prima
Slide 13: 2024 Sustainability Report
2024 Sustainability Report Report Highlights Learn more in the report! Achieved above global Reached 85% of products benchmark employee in our New Product satisfaction + recommend score Introduction funnel with a from 2024 Pulse Surveys positive sustainability impact Reduced normalized CO2e Recognit
Slide 14: Summary
Summary Strong Q1: double-digit growth in orders, sales, adjusted EPS and free cash flow Portfolio transformation on track Expect another year of growth and value creation Well-positioned with electrification, sustainability and digitalization trends Q1 ’25 Earnings Presentation 14
Slide 15: Appendix and GAAP to Non-GAAP Measurements & Reconciliations
Appendix and GAAP to Non-GAAP Measurements & Reconciliations 15 15
Slide 16: Reported to Adjusted 2025 Reconciliation
Reported to Adjusted 2025 Reconciliation Q1 ’25 Earnings Presentation 16
Slide 17: Reported to Adjusted 2024 Reconciliation
Reported to Adjusted 2024 Reconciliation Q1 ’25 Earnings Presentation 17
Slide 18: Reported to Adjusted 2023 Reconciliation
Reported to Adjusted 2023 Reconciliation Q1 ’25 Earnings Presentation 18
Slide 19: Organic Sales Growth and Free Cash Flow Reconciliation
Organic Sales Growth and Free Cash Flow Reconciliation Q1 ’25 Earnings Presentation 19
Slide 20: Q1 2024 Organic Sales Growth Reconciliation
Q1 2024 Organic Sales Growth Reconciliation Q1 ’25 Earnings Presentation 20