Generac Holdings Inc. · NYSE:GNRC
Generac — Investor Day (March 2026)
92 slides from Generac's investor day presentation, Mar 25, 2026
Slide 1: Generac Investor Day
Generac Investor Day March 25, 2026 1
Slide 2: Agenda
Agenda • Introduction Kris Rosemann • Generac Overview – Accelerating a Track Record of Growth Aaron Jagdfeld • Commercial & Industrial – A Generational Growth Opportunity Erik Wilde • Break • Generac Home – Powerful Alone. Brilliant Together. Norm Taffe • Home Standby – Market Leader with Significa
Slide 3: Presenters
Presenters Aaron Jagdfeld President & CEO Erik Wilde Norm Taffe President, Domestic C&I President, Generac Home Kyle Raabe York Ragen President, Home Power CFO Generation
Slide 4: Forward Looking Statements
4 Forward Looking Statements Certain statements contained in this news release, as well as • changes and volatility with respect to the trade policies of • risks related to sourcing components in foreign countries; other information provided from time to time by Generac various countries, which may
Slide 5: Generac Overview
Generac Overview Accelerating a Track Record of Growth Aaron Jagdfeld – President & CEO
Slide 6: Generac Overview
Generac Overview SALES MIX BY SEGMENT* Total Net Sales Scale $4.2 Billion ~9,400 global employees and 19 manufacturing facilities Adjusted EBITDA Innovation ~1,200 engineers worldwide focused $716 Million on product development and quality Residential: 59% ($2.5B) Free Cash Flow C&I: 41% ($1.7B) Dis
Slide 7: Track Record of Growth
Track Record Mid-Teens CAGR 2025-28F of Growth Maintaining 2026F Guide Decades Long Track Record of Growth ~14% CAGR 2000-2025 Note: $ amounts in millions. Represents net sales. Figures include results from acquisitions completed during 2011–present. CAGR measures revenue growth through 2026F off 20
Slide 8: The grid is strained. Load growth is accelerating.
The grid is strained. Load growth is accelerating. Power prices are surging. A generational opportunity is created. 8 8
Slide 9: Headlines Driving Awareness of Mega-Trends
Headlines Driving Awareness of Mega-Trends Lower Power Quality & Higher Power Prices 9
Slide 10: Mega-Trends: Lower Power Quality – Severity of Outages Increasing
Mega-Trends: Lower Power Quality Severity of Outages Increasing 5-Year Baseline Average +80% Since 2015 10 13 Major Outage Events Since 2010; 7 since 2020 10
Slide 11: Mega-Trends: Lower Power Quality – Supply/Demand Imbalance
Mega-Trends: Lower Power Quality Supply/Demand Imbalance Nearly half of U.S. population in region considered High Risk RISK DRIVERS: • Escalating demand growth • Increased intermittent generation • Retirement of traditional thermal generation • Infrastructure development uncertainty North America El
Slide 12: Mega-Trends: Higher Power Prices – Demand Outstripping Supply
Mega-Trends: Higher Power Prices Demand Outstripping Supply U.S. Electricity Demand Changes (Increase in Cumulative TWh) Data center demand driving future load growth Electricity demand expected CAGR of 5.7% through 20302 Dispatchable power supply expected to lag accelerating demand through 2030 Inc
Slide 13: Mega-Trends: Higher Power Prices – Ratepayers Footing the Bill
Mega-Trends: Higher Power Prices Ratepayers Footing the Bill U.S. Residential Electricity Price Changes Grid infrastructure requires significant investment $1.4 Trillion U.S. Electric Utility CapEx 2025-20303 Rising & volatile fuel prices 2025 natural gas electric power price +40% Y/Y4 Grid hardenin
Slide 14: Mega-Trends: AI Driving Rapid Capital Spending Deployment
Mega-Trends AI Driving Rapid Capital Spending Deployment Hyperscaler CapEx¹ Data centers account for greater than Accelerating 50% of load growth forecasted by 2030; $ Billions load growth demand significant demand for power further stressing fragile grid infrastructure Data Center Emergency backup
Slide 15: Mega-Trends: Global Infrastructure Investment
Mega-Trends Global Infrastructure Investment ~$100 Trillion Global Infrastructure Investment Required through 2040 – Secular Growth Driver for C&I Products Transport & Logistics Railways, highways, ports, $36 Trillion airports, and canals Mobile Products Energy & Power Generation, transmission, & (L
Slide 16: Powering a smarter world
Improveenergy Increase power reliability through onsite generation and storage solutions that resilienceand provide resiliency for homes, businesses independence. and communities. Powering a Optimizeenergy Enable efficient power generation and efficiencyand consumption through monitoring, consumptio
Slide 17: Organizational Realignment to Accelerate Growth
Organizational Realignment to Accelerate Growth Residential Commercial & Industrial
Slide 18: Introducing Generac Home
Residential Introducing Generac Home Powerful Alone. Brilliant Together. One streamlined residential organization to: • Deliver the Home Energy Ecosystem • Unify distribution network • Realize operational synergies & efficiencies • Leverage marketing, data & technology capabilities One ecosystem, Tw
Slide 19: Commercial & Industrial: Local Expertise. Global Scale.
Commercial & Industrial Local Expertise. Global Scale. Leveraging enterprise-wide capabilities to accelerate industrial growth Operations Products Customers End Strategy Markets Supply Distribution People Chain Collaborating on global opportunities drives scale
Slide 20: Aligning Reportable Segments to Strategy
Aligning Reportable Segments to Strategy Previous segments New segments COMMERCIAL & DOMESTIC INTERNATIONAL INDUSTRIAL RESIDENTIAL $3.5 Billion $0.7 Billion $1.7 Billion $2.5 Billion NET SALES NET SALES NET SALES NET SALES *FY2025 Net Sales 20
Slide 21: Financial Framework: Sales Mix
Financial Framework Sales Mix 2025 2028F 3-Yr CAGR Residential +HSD% Global C&I Low-Mid 20s% Secular C&I Opportunities Provide Balance & Visibility to Long-Term Growth 21
Slide 22: Commercial & Industrial: A Generational Growth Opportunity
Commercial & Industrial A Generational Growth Opportunity Erik Wilde – President, Domestic C&I
Slide 23: Global Products Overview
Global Products Overview Large MW Diesel Controls Natural Gas & Diesel Fueled Generators & Connectivity Stationary Generators 2.25MW – 4.25MW 10kW – 2MW Mobile Generators & Light Towers 3kW – 2.3MW C&I Bess, Mobile BESS, & Grid Services 20kWh – 5MWh 23
Slide 24: Commercial & Industrial Global Reach
Commercial & Industrial Global Reach C&I Sales Mix 17 Manufacturing Facilities 150 Countries Served Global Distribution Network 24 24
Slide 25: Production Footprint: Domestic
Production Footprint Domestic Oshkosh, WI Sussex, WI Beaver Dam, WI Production: Production: Production: • C&I Generators • Large MW Generators • C&I Generators • Large MW Generators • Alternators • Alternators Eagle, WI Berlin, WI Holdredge, NE Production: Production: Production: • Industrial Genera
Slide 26: Production Footprint: International
Production Footprint International ITALY ITALY UK SPAIN BAHRAIN Production: Production: Production: Production: Production: • C&I Generators • Mobile Products • Controls • C&I Generators • C&I Generators • Battery Energy Storage Systems • Battery Energy Storage Systems • Portable Generators • Metal
Slide 27: Expanding Served Addressable Market
Global Commercial & Industrial Expanding Served Addressable Market 2025 SAM: $30B 2022 SAM: $14B >2MW Products 2X Addressable Market Mega-Trends & New Products Drive Growth 1 GW of Data Center Power = in C&I Market Opportunity $600 -$800M Genset Market Opportunity Source: company estimates, third pa
Slide 28: Serving Diverse End Markets
Serving Diverse End Markets Expanding Competencies & Markets Global Distribution Capabilities • Complete distributor coverage in North America • 17 sales branches Internationally • Broad energy solutions offering • Direct sales capabilities with large national & global accounts • Global aftersales s
Slide 29: Vertical Integration Delivers More Robust Solutions
Vertical Integration Delivers More Robust Solutions Optimized Alternator Solutions Natural Gas Engines Metal Fabrication & Customization 29 29
Slide 30: Controls Leadership
Controls Leadership Differentiated Engineering Capabilities Deep Sea is a global leader in controls for generators, transfer switches and other applications INTEGRATION PRODUCTS: ▪ Genset Controllers ▪ Engine ECM’s ▪ Connectivity Hardware ▪ Auxiliary Components IN-HOUSE MANUFACTURING: ▪ Automated Op
Slide 31: North America Industrial Distribution
North America Industrial Distribution Enabling Market Share Gains Investing in Distribution to Drive Market Share Speed to Quote, Deliver, and Install Complex Solutions • Improving density and coverage across U.S. and Canada • Expanding network of engineers, contractors & EPC firms Leading Trained S
Slide 32: International Growth
International Growth Strategically Expanding Regional Capabilities LOCAL TECHNICAL SUPPORT Expanding Sales and Service Global service network 800+ professional centers Capabilities in Growth Markets ‐ 17 sales branches across continents TRAINING CENTERS ‐ Global network with local regulation, Dedica
Slide 33: Expanding U.S. Telecom Market Opportunity
Expanding U.S. Telecom Market Opportunity Leveraging Macro Cell Backup Leadership MACRO CELL SWITCH IN-LINE EDGE DATA SITE TYPE CRAN HUB TOWERS CENTER AMPLIFIERS CENTERS Single & Multi Tower Network Traffic Data Center Fiber Near Demand, Description Multiple Aggregation Controller Site Network Suppo
Slide 34: Rental Equipment Market Recovery Supports Mobile Business Expansion
Rental Equipment Market Recovery Supports Mobile Business Expansion Infrastructure Projects (incl. data centers)→ Allmand Acquisition | Jan. 2026 Significant temporary power + lighting needs Expands Domestic Production & Customer Base • Broad customer base expands market Fleet Replacement→ opportuni
Slide 35: Data Center Focused Product Range
Data Center Focused Product Range 80 kW 250 kW 500 kW 1 MW 1.5 MW 2 MW 3 MW 4 MW 4.5 MW Natural Gas Edge Diesel Natural Gas Small Diesel Natural Gas Large Diesel Colocator/ Hyperscale Diesel 35
Slide 36: The Generac Advantage: How We Compete Above 2MW
The Generac Advantage How We Compete Above 2MW Innovation Execution at Scale • Demonstrated history in engineered solutions • ~50-year track record of execution in C&I markets • Controls systems leadership • Global manufacturing & customization capabilities • Integrated multi-asset solutions • Deliv
Slide 37: Global Service Capabilities
The Generac Global Service Capabilities Advantage Proactive Maintenance How We Compete Scheduled programs designed to maximize uptime and eliminate unplanned outages Above 2MW before they occur. ~900 Emergency Response Field Technicians Domestically Rapid-response protocols with dedicated data cente
Slide 38: How We Compete Above 2MW: Colocators and Hyperscalers
The Generac Advantage How We Compete Above 2MW Colocators Hyperscalers GAINING SHARE IN A RAPIDLY GROWING MARKET A RIGOROUS PATH TO PARTNERSHIP Building momentum through consistent execution Successfully navigating the approval process ✓ Leverage Global Brand Leadership Audit Stage Focus Area Positi
Slide 39: Data Center Opportunity: Building a Backlog
Data Center Opportunity Building a Backlog Domestic Colocator Customer Site 37 Units – SDMD3250 CURRENT BACKLOG COMPOSITION (~$700M TOTAL as of 3/25/26) Domestic Other International Colocators Customers Colocators Domestic 2026 Global TAM: International $14-17 Billion Source: company estimates, thir
Slide 40: Large MW Generator Capacity Expansion
Large MW Generator Capacity Expansion ORGANIC EXPANSION & CAPACITY Oshkosh, WI – Organic Expansion - Delivering industry best lead times - Minimal CapEx required to scale - Provides blueprint for expansion International - Manufacturing locations in Italy, India, China, & Mexico - Organic capacity ex
Slide 41: Large MW Packaging Strategy
Large MW Packaging Strategy Vertical Integration & Differentiation Strategic Rationale • Signed Feb. 18th - Expected close Q2 2026 • Increased margin profile on large MW generators • Enables more control over delivery timelines • Additional cost synergies with manufacturing scale M&A Enhances Capabi
Slide 42: We are going even BIGGER
We are going even BIGGER 3.5MW – 4.25MW RTO Q4 2026 42
Slide 43: Generac + EPC Power Collaboration
Generac + EPC Power Collaboration Driving BESS Applications For Data Centers BESS For Data Centers 1. Buffering volatile AI loads → Limit power swings seen by utility, off-grid MV XFMR EPC M INVERTER DC Battery Block generators/turbines (5 MW UNIT) (2 x 5 MWh Units) 2. Meet utility ride through requ
Slide 44: Multi-Asset Energy Integration
Multi-Asset Energy Integration Solutions for Every Backup Power Need ASSETS: Gen only → Multi-asset energy systems M&A accelerates technical roadmap USE CASE: Resilience only → Multiple value prop GRID INTERACTION: Isolated → Grid parallel LEAST COMPLEX MOST COMPLEX Standby gens Parallel gens Beyond
Slide 45: Generac Link: Equipment Uptime and Dispatch
Generac Link Equipment Uptime and Dispatch Fleet Management & Energy Dispatch Next Generation Intelligence • Support for holistic multi-site management • Optimized for modelling and analytics support • Grid connectivity for market dispatch and energy • AI/ML for equipment baselines & predictive fail
Slide 46: Global Growth Drivers: C&I Segment
Global Growth Drivers C&I Segment DRIVERS 2025 2028 • ~$1B global data center revenue in 2028 assumed • Investments in distribution, geographic expansion Mid-Low • Advancing product portfolio, technical capabilities $1.7B • Rental re-fleeting cycle, customer diversification 20s% Net Sales • Sustaine
Slide 47: Break
Break GENERAC nnn
Slide 48: Generac Home
Generac Home Powerful Alone. Brilliant Together. Norm Taffe – President, Generac Home
Slide 49: Powerful Alone. Brilliant Together.
Powerful Alone. Brilliant Together. One Team. One Ecosystem. A single organization delivering an integrated home energy platform built on resilience, savings, and control for the modern home.
Slide 50: Why have we reorganized?
Technology Convergence of Home Energy Solutions Hardware and Software converging for better efficiency and a better customer experience Why have we Recalibration of Spending reorganized? Renewable market changes drive focus on expanding core generator opportunity leveraging advanced technologies Inc
Slide 51: The Home Energy Ecosystem
The Home Energy Ecosystem isn’t just on paper anymore… It’s a complete set of products designed to work together 51
Slide 52: Mega-Trends Support Long-Term Growth
Mega-Trends Support Long-Term Growth Power Outage Activity US Residential Energy Price $0.20 $/kWh $0.19 $0.18 $0.17 $/kWh $0.16 $0.15 $0.14 $0.13 $0.12 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Total Outage Hours Linear (Total
Slide 53: Generac Home Served Addressable Market
Generac Home Served Addressable Market 2028:~$12B SAM 2025: ~$7B SAM $3 $2 $2 $5 $4 $3 Drive HSB & Portable Share Gains in Solar & ecobee Continued Higher Power Growth + Lower Power Quality Generator Market Growth Storage Market Recovery Ecosystem Prices Leverage 53 Source: company estimates, third
Slide 54: ecobee: The Center of the Energy Ecosystem
ecobee The Center of the Energy Ecosystem Award-Winning Products • 5 million connected homes • 1M+ devices enrolled in grid services programs • Category-leading UI/UX • Delivering innovation across ecosystem Driving Profitable Growth • Profitable EBITDA contribution in FY 2025, expanding margins fur
Slide 55: Unified Energy Experience For Customers & Installers
Unified Energy Experience For Customers & Installers ecobee by Generac & Generac Field Pro COMMON CUSTOMER COMMON INSTALLER Mobile Link EXPERIENCE EXPERIENCE Remote monitoring for generators & fuel monitors ecobee Smart home control for thermostats and security devices PWRview Real-time energy insig
Slide 56: Generac AI Home Assistant
Generac AI Home Assistant Demystifying Energy and Resilience for Customers •Automatically optimize savings, resiliency and comfort •Makes complex capability easy to use •Platform for increased customer engagement 56
Slide 57: Solar Microinverter PWRmicro
Solar Microinverter PWRmicro • Lowers power costs as utility prices rise • Incremental, high-margin opportunity • 2M+ hours of reliability testing and 400,000 hours of field validation • Safe-harbored for solar ITC through 2030 • Works with any battery 57 57
Slide 58: Home Energy Storage PWRcell 2
Home Energy Storage PWRcell 2 • Up to 33% higher energy capacity than the storage leader • Accelerates solar ROI – particularly in arbitrage markets • Premium long-duration backup experience when paired with HSB generator • Lower price vs stacking multiple batteries • Quieter, seamless backup experi
Slide 59: Home Integration Strengthens Core Generator Business
Home Integration Strengthens Core Generator Business Innovative Solar Savings Can Offset Expanded Overlapping Differentiation Generator Costs Channels Generac Meter Switch SOLAR GENERATOR INSTALLERS INSTALLERS ENERGY INSTALLERS ecobee Energy Hub / Smart Thermostat Generac Smart 59 Breaker
Slide 60: Home Standby: Market Leader with Significant Penetration Opportunity
Home Standby Market Leader with Significant Penetration Opportunity Kyle Raabe – President, Home Power Generation
Slide 61: Mega-Trends Support Secular Growth: Home Standby Opportunity
Mega-Trends Support Secular Growth Home Standby Opportunity Lower Power Quality • Increasing frequency of severe & volatile weather • Accelerating data center power demand straining the electrical grid • Electrification trends providing further stress – EVs, HVAC, C&I Processes • Increasing mix of i
Slide 62: Lower Power Quality: Decreasing Reliability Driving Awareness
Lower Power Quality Decreasing Reliability Driving Awareness Multiple major landed hurricanes Total Outage Hours 5y Baseline Average Multiple major events; COVID augments Linear (Total Outage Hours) Post-COVID new & demand higher “baseline” demand Pre-COVID Decade-low “baseline” demand second half o
Slide 63: Power Sensitivity: Rising Dependence Increases Sensitivity to Outages
Power Sensitivity Rising Dependence Increases Sensitivity to Outages 400 US Electricity Sales to Ultimate Customers 350 Change since 2015, billion kWh 300 250 200 Industrial 150 Commercial 100 Residential 50 - (50) (100) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Weather Impact Heat
Slide 64: Home Standby Opportunity: A Growing and Underpenetrated Market
Home Standby Opportunity A Growing and Underpenetrated Market Widespread Growth Potential 6.75% Current Penetration 63M Addressable Homes1 >$50 Billion Incremental Opportunity HSB Opportunity to 20% Penetration Rate Replacement New Home Opportunity Opportunity ~8% of activations ~15% of activations
Slide 65: Home Standby Leadership: Capturing the Market Opportunity
Home Standby Leadership Capturing the Market Opportunity Category Innovation • Driving growth through market-leading product, installation & service enhancements Relentless Market Creation • Continued growth through awareness and managing the consumer experience Unified Network Expansion • Developin
Slide 66: Category Innovation – Resetting the Standby Standard
Category Innovation – Resetting the Standby Standard 28 kW AIR-COOLED UNIT ecobee BY GENERAC 48 kW LIQUID-COOLED UNIT Redesigned Liquid New Air-Cooled Portfolio Smart Thermostat Cooled Platform • Broadest, most powerful Full Integration • Smallest liquid cooled lineup in the market • HVAC load shed
Slide 67: Category Innovation: Enabling Affordability & Efficiency
Category Innovation Enabling Affordability & Efficiency Generac Meter Switch Generac Smart Breaker Most advanced, Seamless install vs. standardized disconnect Traditional load management equipment ecobee Load Shed Field Pro Installation App Replaces need for smart Automating for efficiency managemen
Slide 68: Standby Market Creation: Widening the Funnel
Standby Market Creation Widening the Funnel Across Every Age Group 2025 IHCs >2.5X 2019 despite decade-low second half outages 65+ 65+ – 55-64 – 45-54 – 35-44 – 25-34 2019 2025 • Demand from our core customer in the 55+ age group continues to grow • HSB interest in age groups below 55 has expanded m
Slide 69: Relentless Market Creation: Optimized Marketing
Relentless Market Creation Optimized Marketing Outperforming Outage Trends IHCs per Outage Hours Increasing Scaled TV Advertising Investment to Expand Reach Leveraging our high-performing infomercial Optimized Email Marketing and Lead Nurturing Leveraging AI Copywriting to maximize engagement & conv
Slide 70: Relentless Market Creation: Lead Distribution Innovation
Relentless Market Implemented Pool Distribution Creation Lead Distribution Innovation • Improve speed to lead • Incentivizes higher close rate • Clear visibility to field capacity Lead Pool enabled speed to lead outperformance during Fern event vs other recent storm events • Focus on high ROIC oppor
Slide 71: Relentless Market Creation: Lead Generation
Relentless Market CUSTOMER FIRST Creation INNOVATION Lead Generation Next Scoring to Reduce Friction Lead Scoring Nurturing and education for top of funnel leads will help simplify a complex sales process and improve ability to close 71 71
Slide 72: Unified Network Development
Unified Network Development Expanding Distribution Bandwidth & Reach Standby Dealers Aligned Contractors Solar & Storage Installers Generator specialists with deep Generac solution breadth offers Electrical & HVAC contractors homeowner trust and installation growth opportunity for solar who leverage
Slide 73: Leveraging Our Distribution Network Reach
Leveraging Our Distribution Network Reach Enabling Partners with Improved Selling Capabilities IHC Process Digitization Guiding consumers seamlessly through complex sales to the right energy solution and installer. Scalable Consumer Journeys Introduce sales and financing marketing journeys to maximi
Slide 74: Market Leader with Significant Penetration Opportunity
Market Leader with Significant Penetration Opportunity Category Innovation o Driving growth through leading product, installation & service enhancements Relentless Market Creation o Accelerating growth by leveraging category and brand awareness; delivering a managed consumer experience to optimize s
Slide 75: Generac Home: Financial Framework & Summary
Generac Home Financial Framework & Summary Norm Taffe – President, Generac Home 75
Slide 76: Financial Framework: Residential Segment
Financial Framework Residential Segment DRIVERS 2025 2028 • Solid HSB growth with normalized outage activity • HSB lead generation & distribution optimization HSD% $2.5B • Continued strong ecobee performance CAGR • New product launches & ramp Net Sales • Improving overall Generac Home margins • Reca
Slide 77: Generac Home Summary
Generac Home Summary Consolidating The Organization New structure enables a superior consumer experience while increasing efficiency and reducing costs Comprehensive Home Energy Offering Generac now offers a broad set of solutions to deliver lower utility costs and improved resiliency Compelling Mar
Slide 78: 3-Year Financial Framework
3-Year Financial Framework Creating Significant Value for Stakeholders York Ragen, Chief Financial Officer
Slide 79: Investment Highlights
Investment Highlights Generational growth opportunity drives significant topline increase Mid-teens CAGR over the next 3 years vs 2025 More durable demand profile as segment sales are more balanced 50/50 Segment mix in 2028 Operating leverage & operational execution enables margin expansion +400–500
Slide 80: 3-Year Forecast Base Assumptions
3-Year Forecast Base Assumptions • Secular Mega-trends drive sustained demand over the forecast period: Lower power quality; Higher power prices • Data center / AI cap ex investment cycle continues throughout forecast period, driving near doubling of C&I Segment sales • Baseline average outages assu
Slide 81: Financial Framework – 2028 Targets
Financial Framework – 2028 Targets Commercial & Industrial Residential Consolidated Net Low-Mid 20% HSD% Mid-Teens% Sales: 3 Yr CAGR 3 Yr CAGR 3 Yr CAGR EBITDA Mid-High Teens % Mid-High 20s % Low 20s % Margin: Corporate Costs maintain at ~1% of Net Sales during the three- year forecast period 81
Slide 82: Financial Framework 2025-2028 Targets
Financial Framework 2025-2028 Targets 2025 Reiterate 2026 2028 Financial Metric Financial Results Guidance Targets Residential HSD % $2.5B ~10% Range 3-Yr CAGR Net Sales [$3.1-$3.3B] C&I Low-Mid 20s % $1.7B Low-Mid 20s % 3-Yr CAGR Net Sales [$3.1-$3.3B] Consolidated Mid-Teens % $4.2B Mid-Teens % 3-Y
Slide 83: Financial Framework: Net Sales Bridge
Financial Framework Net Sales Bridge Broad Based 3-Year Growth Driving Mid-Teens CAGR Overall Commercial & Industrial $6.2B to $6.6B +HSD% • ~$1 Billion of global data center revenue assumed CAGR Range in 2028 Low-Mid 20s % $0.6B - $0.8B • Investments in distribution, geographic CAGR expansion, prod
Slide 84: Financial Framework: Adjusted EBITDA Bridge
Financial Framework Delivering Impressive EBITDA Margin Expansion Adjusted EBITDA Bridge +400-500 bps vs 2025 Volume / Operating leverage $716M $1.3-$1.4B • C&I volume growth 2.0% Low 20s % • Residential volume growth 4.0% -1.5% • Generac Home synergies 17.0% Price / Cost • Maintain previous year’s
Slide 85: New Reporting Segments
New Reporting Segments C&I Segment Residential Segment • HSB growth from normalized • Data Center opportunity drives outages and strategic initiatives significant topline growth • Continued adoption of energy • Incremental data center margins ecosystem (ecobee, PWRmicro, accretive to segment PWRcell
Slide 86: Financial Framework: Free Cash Flow & Capital Structure
Financial Framework Free Cash Flow & Capital Structure Free Cash Flow Healthy Balance Sheet Over $1.5B FCF expected • Gross Debt Leverage maintained within our targeted 1-2x range • $700M Term Loan A matures July 2030... S+125 to S+175 • ~$500M Term Loan B matures July 2031... S+175 • Available Revo
Slide 87: Financial Framework: Capital Allocation
Financial Framework Capital Allocation Generac Capital Allocation 1. Organic Growth Cash flow per year ($M) Cap Ex Target = 3.0% - 3.5% of Net Sales $1,000 $900 2. Strategic M&A $800 Opportunistic acquisitions that fit into current strategy $700 Prioritized organic growth and Share $600 Buybacks ove
Slide 88: Final Takeaways
88 Final Takeaways
Slide 89: Final Takeaways
Final Takeaways ✓ Mega-trends firmly intact and support long-term growth expectations across segments ✓ Organizational realignment to accelerate growth and drive operational efficiencies & synergies ✓ Generational growth opportunity in large MW backup power generators for data centers ✓ Significant
Slide 90: Q&A
90 Q&A
Slide 91: Appendix
91 Appendix
Slide 92: Reconciliation Schedules
Reconciliation Schedules Adjusted EBITDA Reconciliation Free Cash Flow Reconciliation LTM Ended Dec 31, Net Income to Adjusted Net Income Reconciliation 2025 2024 2023 (unaudited) Net income attributable to Generac Holdings. Inc. $ 159.6 $ 316.3 $ 214.6 Net income attributable to noncontrolling inte