Slide 1: Q3 FY'26 Earnings
Q3 FY’26 Earnings FEBRUARY 4, 2026 February 2026 © 2026 EnerSys. All Rights Reserved.
Slide 2: Forward Looking Statements
Forward Looking Statements As a reminder, we will be presenting certain forward-looking statements on this call that are based on Management’s current expectations and views regarding future events and operating performance and are subject to uncertainties and changes in circumstances. Our actual re
Slide 3: Q3 FY'26 Overview
Q3 FY’26 Overview S H AW N O ' C O N N E L L PRESIDENT AND CHIEF EXECUTIVE OFFICER February 2026 © 2026 EnerSys. All Rights Reserved.
Slide 4: Q3'26 Call Highlights
Q3’26 Call Highlights Q3 net sales +1% Y/Y; adjusted EPS1 ex 45X benefits +50% Y/Y, a record Q3 Capturing realignment savings and progressing on key growth verticals Resilient diversified business model balancing end market variability while delivering record results Returned $94M to shareholders th
Slide 5: Q3'26 Performance
Q3’26 Performance ADJUSTED EPS1 EX 45X $1.84 UP +50% Y/Y $919M $142M $160M $2.77 $171M Net Adj Op Adj Adj Free Cash Sales Earnings1,2 EBITDA1,2 EPS1,2 Flow1 +1% Y/Y (8%) Y/Y (7%) Y/Y (11%) Y/Y +$115M Y/Y +34% Y/Y ex 45X +30% Y/Y ex 45X +50% Y/Y ex 45X Adj Gross Margin1,2 of 30.2% (280)bps Y/Y; ex 45
Slide 6: EnerGize Progress Update
EnerGize Progress Update OPTIMIZE • Realizing Cost Savings | Reduction in force actions largely Our Core complete; realized ~$15M in Q3’26, anticipate similar savings Q4’26 INVIGORATE • Improving Execution Speed | Monterrey, MX manufacturing Our Operating Model transitioned to Richmond, KY facility
Slide 7: Tariff Landscape & Mitigation
Tariff Landscape & Mitigation TAR I F F E X P O S U R E 1 M I T I G AT I O N & AC T I O N S • Dedicated Tariff Task Force in place O R I G I N O F U S S U P P LY S O U R C E S • Proactively assessing and mitigating: ~$70M Current Annualized Tariff Exposure ‒ Direct tariff and inflation pressures • ~
Slide 8: Demand Trends
Demand Trends O R D E R PAT T E R N S F L U C T U AT I N G O N M I X E D M A R K E T D Y N A M I C S Orders1 Book to Bill1 Backlog1 920 1.00 976 909 0.99 900 888 851 0.90 1.08 1.08 0.95 0.95 1.04 0.91 1.01 0.87 0.90 Q3'25 Q2'26 Q3'26 Q3'25 Q2'26 Q3'26 Q3'25 Q2'26 Q3'26 MP ES SP MP ES SP MP ES SP Q3’
Slide 9: Q3'26 Financial Results Q4'26 Outlook
Q3’26 Financial Results Q4’26 Outlook ANDI FUNK EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER February 2026 © 2026 EnerSys. All Rights Reserved.
Slide 10: Q3'26 Results
Q3’26 Results N E T S AL E S AD J O P E AR N I N G S 1 & M AR G I N $155 17.1% $142 $906 $919 15.5% Y/Y %Δ Volume (4%) Price/mix +3% $108 FX +2% $80 ex 45X Total +1% ex 45X 11.7% 8.8% Q3'25 Q3'26 Q3'25 Q3'26 AD J E B I T D A 1 & M AR G I N AD J D I L U T E D E P S 1 $171 $160 $3.12 18.9% 17.4% $2.77
Slide 11: Q3'26 Business Segment Financials
Q3’26 Business Segment Financials Adj Op Adj OE Energy Systems Net Sales ($M and Y/Y %) Earnings1 Margin1 • Volumes muted and mix bolstered by Q-to-Q shifts of lower margin products Energy $400 Volume (3%) Price/mix +4% $42.1 10.5% • Realizing cost optimization benefits supporting Systems +3% FX +2%
Slide 12: Balance Sheet, Cash Flow and Leverage
Balance Sheet, Cash Flow and Leverage S E L E C T E D B AL AN C E S H E E T M E T R I C S 1 S E L E C T E D C AS H F L O W M E T R I C S 2 ($M) Q4’25 Q3’26 ($M) Q3’25 Q3’26 Cash and Cash Equivalents $343 $450 Cash Flow from Operations $81 $185 Net Debt3 $781 $743 CapEx ($24) ($13) Net Leverage Ratio
Slide 13: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Priorities Q3’26 Future Priorities • Enhance disciplined ROIC thresholds Invest in Organic Growth $13M • Drive incremental operational efficiencies (CapEx) • Progress domestic-sourced lithium strategy • Focused on opportunities to: ➢ Strengthen customer intima
Slide 14: Looking Ahead: Q4'26 Guidance
Looking Ahead: Q4’26 Guidance F U L L Y E A R E A R N I N G S G R O W T H O U T PA C I N G R E V E N U E G R O W T H AS S U M P T I O N S Y/Y CHANGE Q 4 ’ 2 6 G U I D AN C E 1 (AT M IDPOINT Q4’26 OF GUIDANCE) Net Sales $960M – $1,000M +1% • ES: Healthy Data Center demand and steady Communications gr
Slide 15: Q&A
Q&A February 2026 © 2026 EnerSys. All Rights Reserved.
Slide 16: Appendix
Appendix February 2026 © 2026 EnerSys. All Rights Reserved.
Slide 17: Non-GAAP Reconciliations
Non-GAAP Reconciliations February 2026 © 2026 EnerSys. All Rights Reserved.
Slide 18: Quarterly Adjusted Operating Earnings
Non-GAAP Reconciliation Q U A R T E R LY A D J U S T E D O P E R AT I N G E A R N I N G S February 2026 © 2026 EnerSys. All Rights Reserved. 18
Slide 19: Adjusted EBITDA
Non-GAAP Reconciliation ADJUSTED EBITDA February 2026 © 2026 EnerSys. All Rights Reserved. 19
Slide 20: Quarterly Adjusted Diluted EPS
Non-GAAP Reconciliation Q U A R T E R LY A D J U S T E D D I L U T E D E P S February 2026 © 2026 EnerSys. All Rights Reserved. 20
Slide 21: Quarterly Adjusted Diluted EPS Continued
Non-GAAP Reconciliation Q U A R T E R LY A D J U S T E D D I L U T E D E P S C O N T I N U E D The following table provides the line of business allocation of the non-GAAP adjustments of items relating to operating earnings (that are allocated to lines of business) shown in the reconciliation prior:
Slide 22: Leverage Ratio by Year
Non-GAAP Reconciliation L E V E R A G E R AT I O B Y Y E A R (1) The $56.2 million adjustment to EBITDA in the last twelve months ending March 31, 2025 primarily related to $27.8 million of non-cash stock compensation, $22.0 million of restructuring and other exit charges, impairment of indefinite-l
Slide 23: Leverage Ratio by Quarter
Non-GAAP Reconciliation L E V E R A G E R AT I O B Y Q U A R T E R 1. The $84.7 million adjustment to EBITDA in the last twelve months ending December 28, 2025 primarily related to $37.0 million of non-cash stock compensation, $40.6 million of restructuring and other exit charges, impairment of inde
Slide 24: Free Cash Flow
Non-GAAP Reconciliation FREE CASH FLOW February 2026 © 2026 EnerSys. All Rights Reserved. 24
Slide 25: Gross Profit and Gross Margin Ex 45X
Non-GAAP Reconciliation GROSS PROFIT AND GROSS MARGIN EX 45X February 2026 © 2026 EnerSys. All Rights Reserved. 25
Slide 26: Adjusted Gross Profit and Gross Margin
Non-GAAP Reconciliation ADJUSTED GROSS PROFIT AND GROSS MARGIN February 2026 © 2026 EnerSys. All Rights Reserved. 26
Slide 27: Key Performance Indicator: Primary Operating Capital
Key Performance Indicator P R I M A R Y O P E R AT I N G C A P I TA L As part of managing the performance of our business, we monitor the level of primary operating capital, and its ratio to net sales. We define primary operating capital as accounts receivable, plus inventories, minus accounts payab
Slide 28: Thank you.
Thank you. For more information visit us at www.enersys.com February 2026 © 2026 EnerSys. All Rights Reserved. Trademarks and logos are property of EnerSys and its affiliates unless otherwise noted. Subject to revisions without prior notice. E.&O.E.