Slide 1: nVent Second Quarter 2026 Earnings Presentation
nVent Second Quarter 2026 Earnings Presentation July 31, 2026 1
Slide 2: Forward-Looking Statement and Key Definitions
Forward-Looking Statement and Key Definitions Caution Concerning Forward-Looking Statements This press release 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 h
Slide 3: Key Messages
Key Messages Delivered record quarterly sales of $1.5B, up 53%, and adjusted EPS of $1.45, up 69%; well ahead of guidance Low double-digit organic orders growth; backlog of $2.5B; strong Q3 QTD orders Broad based data center growth, led by liquid cooling; further expanding capacity with another new
Slide 4: Q2 Summary
Q2 Summary Record quarterly sales of $1.5 billion, up 53% and 47% organically Adjusted operating income of $323 million, up 61%; ROS of 21.9% Q2 2026 Adjusted EPS of $1.45, up 69% Free cash flow generation of $167 million, up 125% Organic growth in all verticals, led by Infrastructure, inc
Slide 5: nVent Portfolio Transformation
nVent Portfolio Transformation Strong, consistent track record of M&A and value creation 2019 2020 2021 2023 2024 2025 Electrical Products Group Renewables Data Centers Commercial & Power Utilities, Industrial Power Utilities, Infrastructure Data Centers, Thermal Data Centers, Renewables Management
Slide 6: Q2 2026 nVent Performance
Q2 2026 nVent Performance Sales ($M) Adjusted Operating Income ($M) Adjusted EPS $1,471 $323 $1.45 $963 $200 $0.86 +47% Organic Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Financial Highlights (YoY) Sales up 53%, organically up 47% Free cash flow of $167M, up 125% - Acquisitions 5 points; FX
Slide 7: Q2 2026 Segment Performance
Q2 2026 Segment Performance Sales Segment Income Commentary ($M) Systems Protection + Organic sales growth led by Infrastructure $1,072 $248 + Strong sales growth in data centers Up 70% Up 81% Up 62% organic ROS 23.2% (+150 bps) + Organic sales growth in all geographies; led by Americas + ROS expans
Slide 8: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Cash Flow ($M) Debt Summary ($M) $1,500 Maturity Q2 YTD $500 @ 2028 2026 2026 $1,300 87% Fixed $300 @ 2031 Net Income $ 216 $ 356 $500 @ 2033 Amortization 41 82 Subtotal $ 257 $ 438 $200 13% Variable 2030 Depreciation 17 34 Q2 ’26 Weighted Average Rate ~5% Capital Expendi
Slide 9: Capital Allocation Update
Capital Allocation Update Reinvest in Return Cash M&A Manage Leverage the business to Shareholders Full-year capex of ~$130 Acquisitions a top priority Returned $118 million in Net debt to adjusted million, up ~40% cash to shareholders in EBITDA ratio at 1.2X Target ROIC > WACC 1H Invest
Slide 10: 2026 nVent Outlook
2026 nVent Outlook nVent Expected Drivers Previous Guidance Updated Guidance Secular tailwinds in electrification, sustainability and digitalization Up 26% to 28% reported Up 37% to 39% reported Price and productivity offsetting inflation, including tariffs Sales Up 21% to 23% organic Up 32% to
Slide 11: Q3 2026 nVent Outlook
Q3 2026 nVent Outlook Q3 ’26 Q3 ’25 Other Items Reported sales Up 32% to 35% $1,054M Tax Rate ~22% Organic sales Up 32% to 35% 16% Net interest expense ~$16M EPS (reported) $1.18 to $1.21 $0.73 Shares ~164M EPS (adjusted) $1.35 to $1.38 $0.91 Expected Drivers FX flat Price and productivity offse
Slide 12: Data Center Capacity Expansion
Data Center Capacity Expansion 2025 2026 2027 • Anoka,Anoka, MN Minnesota • Blaine, MN • Blaine, MN • 140,000 sq. ft. • 117,000 sq. ft. • 160,000 sq. ft. >$2B of Data Center sales expected in 2026 Q2 ’26 Earnings Presentation 12
Slide 13: Summary
Summary Record sales and EPS in Q2 Portfolio transformation and data centers accelerating growth Significantly raising full-year sales and EPS guidance, expecting another record year Well-positioned with electrification, sustainability and digitalization trends Q2 ’26 Earnings Presentation 13
Slide 14: Appendix and GAAP to Non-GAAP Measurements & Reconciliations
Appendix and GAAP to Non-GAAP Measurements & Reconciliations 14 14
Slide 15: Reported to Adjusted 2026 Reconciliation
Reported to Adjusted 2026 Reconciliation Q2 ’26 Earnings Presentation 15
Slide 16: Reported to Adjusted 2025 Reconciliation
Reported to Adjusted 2025 Reconciliation nVent Electric plc Reconciliation of GAAP to non-GAAP financial measures for continuing operations for the year ended December 31, 2025 excluding the effect of adjustments (Unaudited) Second In millions, except per-share data First Quarter Quarter Third Quart
Slide 17: Organic Sales Growth and Free Cash Flow Reconciliation
Organic Sales Growth and Free Cash Flow Reconciliation Q2 ’26 Earnings Presentation 17