Slide 1: Second Quarter 2026 Earnings Presentation
SECOND QUARTER 2026 EARNINGS PRESENTATION AUGUST 10, 2026 SEAN BAGAN: PRESIDENT & CHIEF EXECUTIVE OFFICER JEREMY EVANS: EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER TANIA ALMOND: VICE PRESIDENT, NYSE: HLIO INVESTOR RELATIONS & CORPORATE COMMUNICATION
Slide 2: Safe Harbor
SAFE HARBOR 2 This presentation and oral statements made by management in connection herewith contain introduction, and market acceptance of new products and technologies, including the integration of “forward‐looking statements” within the meaning of Section 21E of the Securities Exchange Act of 19
Slide 3: 2Q26: Highlights
2Q26: HIGHLIGHTS 3 NFPA VEHICLE CHALLENGE HELIOS LEADERSHIP ACADEMY EMEA DISTRIBUTOR SUMMIT MOMENTUM EXTENDED WITH STRONG SALES GROWTH & MARGIN EXPANSION RECORD CASH GENERATION FROM OPERATIONS; DEBT & LEVERAGE RATIO TO MULTI-YEAR LOWS RAISING 2026 OUTLOOK ON ROBUST ORDER DEMAND SUPPORTED BY ACCELERA
Slide 4: 2Q26: Financial Highlights
2Q26: FINANCIAL HIGHLIGHTS 4 SALES ADJUSTED EBITDA MARGIN2 $232M 21.2% Up 9% YoY Up 260 bps YoY At top end of outlook1 20 bps above high end of outlook1 ADJUSTED DILUTED EPS2 OPERATING CASH FLOW $0.88 $42M Up 49% YoY Up 13% YoY $0.05 above high end of outlook1 Record cash generation in a second quar
Slide 5: 2Q26: Sales by Segment, Region, & End Market
2Q26: SALES BY SEGMENT, REGION, & END MARKET 5 Broad Based Sustained Growth SALES BY SEGMENT SALES BY REGION SALES BY END MARKET* Agriculture Health & EMEA 15% Wellness Hydraulics Electronics Americas 26% 15% Recreational 63% 37% 52% 12% Industrial Other 13% APAC 10% 22% Mobile 35% Reported Pro Form
Slide 6: 2Q26: Sales, Gross Profit, & Gross Margin
2Q26: SALES, GROSS PROFIT, & GROSS MARGIN 6 Delivered Four Consecutive Quarters of YoY Gross Margin Expansion ($ in millions) SALES YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER $232 Sales +9%, +16% pro forma for the divestiture and the $891 $212 $839 impact of foreign currency exchange rates Sales impa
Slide 7: 2Q26: Operating Margin & Adjusted EBITDA / Margin
2Q26: OPERATING MARGIN & ADJUSTED EBITDA / MARGIN 7 Adjusted EBITDA Margin Sustaining Above 20% GAAP & NON-GAAP OPERATING MARGIN1 YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER 16.9% 17.8% Operating income +48% compared to prior year period while 15.4% 15.0% 3.8% operating margin expanded 370 bps 6.9% 4.
Slide 8: 2Q26: Net Income & Earnings Per Share
2Q26: NET INCOME & EARNINGS PER SHARE 8 Fourth Consecutive Quarter of YoY Double-Digit Adjusted Diluted EPS Growth ($ in millions) NET INCOME YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER $71 $22 Net income +92% $48 $11 Net income impacted by: + Higher sales 2025 TTM 2Q26 2Q25 2Q26 + Operating performan
Slide 9: 2Q26: Segment Highlights
2Q26: SEGMENT HIGHLIGHTS 9 ($ in millions) HYDRAULICS ELECTRONICS HYDRAULICS ELECTRONICS Key Metrics 2Q26 YoY 2Q26 YoY Sales 2Q26 YoY 2Q26 YoY Sales $146 4% $86 19% Americas $57 6% $63 17% Gross Profit $51 9% $30 41% EMEA $52 12% $9 7% Operating Income $29 16% $11 90% APAC $37 -8%1 $13 43% CONSOLIDA
Slide 10: 2Q26: Cash Flow
2Q26: CASH FLOW 10 CASH CONVERSION CYCLE1 ADJUSTED FREE CASH FLOW2 (BARS) 144 129 ADJUSTED FCF CONVERSION2 RATE (DIAMONDS) 126 126 118 $104 $107 $95 2024 2025 TTM 2Q26 2Q25 2Q26 DEEPER 244% BUSINESS REVIEWS CAPEX DOLLARS / CAPEX % OF SALES 187% ($ in millions) $30 $11 $27 137% $24 $5 $26 $32 $31 3.4
Slide 11: 2Q26: Debt, Liquidity, & Capital Allocation
2Q26: DEBT, LIQUIDITY, & CAPITAL ALLOCATION 11 ($ in millions) DEBT & LIQUIDITY PROFILE CAPITAL ALLOCATION PRIORITIES 1. 2. 3. 4. $462 Acquisitions Organic Returns to Pay Down Liquidity Investments Shareholders Debt $332 Total Debt $105 $394 Additional Details Revolver / Other Undrawn Revolver Incre
Slide 12: 2026: Financial Priorities
2026: FINANCIAL PRIORITIES 12 EXPAND MAINTAIN OPTIMIZE EXECUTE ON GROSS EARNINGS CAPITAL GROWTH PLAN MARGINS MOMENTUM ALLOCATION By winning our By driving By building on By investing in share of the productivity and our strong organic growth sales funnel and leveraging our foundation and and driving
Slide 13: 2026: Updated Outlook
2026: UPDATED OUTLOOK 13 PRIOR FY26 OUTLOOK NEW FY26 OUTLOOK 3Q26 OUTLOOK ISSUED ON 5/11/2026 ISSUED ON 8/10/2026 ISSUED ON 8/10/2026 SALES SALES SALES +6% to +10% +11% to +14% +6% to +9% $840M to $870M $880M to $900M $215M to $222M Relative to FY25 Pro Forma1 at $792M * Relative to FY25 Pro Forma1
Slide 14: 2026: Segment Outlook
2026: SEGMENT OUTLOOK 14 HYDRAULICS ELECTRONICS Regional Outlook AMER EMEA APAC AMER EMEA APAC Mobile (includes Construction), Positive Catalysts Mobile (includes Construction), Aerospace Health & Wellness Recreational (On/Off-road), Stable / Moderate Lift Agriculture, Industrial Industrial Flat / N
Slide 15: 2026: Key Focus Areas
2026: KEY FOCUS AREAS 15 STRATEGIC FRAMEWORK Implementing The CORE 2030 Strategy while delivering year one progress to plan EVOLVE OUR GO-TO-MARKET Continuous improvement → converting the growing sales funnel into more new business wins INSTITUTIONALIZE INNOVATION Rigorous NPI processes that drive n
Slide 16: Supplemental Slides
HELIOS 5 SUPPLEMENTAL SLIDES
Slide 17: 2026: Full Year Outlook
2026: FULL YEAR OUTLOOK 17 AS ISSUED AS ISSUED ON 5/11/2026 ON 8/10/2026 KEY FINANCIAL 2025 PRIOR 2026 NEW 2026 METRICS ACTUAL2 OUTLOOK OUTLOOK Net Income $48.4 $67 - $75 $75 - $81 OUTLOOK ASSUMPTIONS Adjusted EBITDA1 $160.7 $164 - $183 $178 - $189 Hydraulics segment demand in 2H26 remains strong ac
Slide 18: Segment Data
SEGMENT DATA 18 (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended July 04, June 28, July 04, January 03, 2026 2025 2026 2026 Net sales: Hydraulics $ 146.4 $ 140.9 $ 559.0 $ 540.8 Electronics 85.5 71.6 332.3 298.2 Consolidated $ 231.9 $ 212.5 $ 891.3 $ 839.0 Gross pro
Slide 19: Net Sales by Geographic Region & Segment
NET SALES BY GEOGRAPHIC REGION & SEGMENT 19 (Unaudited) 2026 ($ in millions) % Change % Change % Change Q1 y/y Q2 y/y YTD 2026 y/y Americas: Hydraulics $ 56.7 14% $ 57.2 6% $ 113.9 9% Electronics 72.0 27% 63.0 17% 135.0 22% Consol. Americas 128.7 21% 120.2 11% 248.9 16% % of total 57% 52% 54% EMEA:
Slide 20: Non-GAAP Adjusted Operating Income & Margin Reconciliation
NON-GAAP ADJUSTED OPERATING INCOME & 20 NON-GAAP ADJUSTED OPERATING MARGIN RECONCILIATION (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended July 04, June 28, July 04, January 03, 2026 Margin 2025 Margin 2026 Margin 2026 Margin GAAP operating income $ 32.5 14.0% $ 21.
Slide 21: Non-GAAP Adjusted EBITDA & Margin Reconciliation
NON-GAAP ADJUSTED EBITDA & 21 NON-GAAP ADJUSTED EBITDA MARGIN RECONCILIATION (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended July 04, June 28, July 04, January 03, 2026 Margin 2025 Margin 2026 Margin 2026 Margin Net income $ 21.9 9.4% $ 11.4 5.3% $ 71.4 8.0% $ 48.4
Slide 22: Non-GAAP Adjusted Net Income & Per Diluted Share Reconciliation
NON-GAAP ADJUSTED NET INCOME & 22 NON-GAAP ADJUSTED NET INCOME PER DILUTED SHARE RECONCILIATION (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended July 04, Per Diluted June 28, Per Diluted July 04, Per Diluted January 03, Per Diluted 2026 Share 2025 Share 2026 Share 2
Slide 23: Non-GAAP Adjusted Free Cash Flow Reconciliation
NON-GAAP ADJUSTED FREE CASH FLOW RECONCILIATION 23 (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended July 04, June 28, June 29, July 04, January 03, December 28, 2026 2025 2024 2026 2026 2024 Net cash provided by operating activities $ 41.9 $ 37.0 $ 33.8 $ 137.1 $ 12
Slide 24: Pro Forma Non-GAAP Net Sales Reconciliation
PRO FORMA NON-GAAP NET SALES RECONCILIATION 24 (Unaudited) ($ in millions) For The Three Months Ended July 04, 2026 Hydraulics Electronics Consolidated Net sales $ 146.4 $ 85.5 $ 231.9 Impact of foreign currency translation * (2.4) (0.5) (2.9) Net sales in constant currency $ 144.0 $ 85.0 $ 229.0 Ne
Slide 25: Cash Conversion Cycle
CASH CONVERSION CYCLE 25 (Unaudited) ($ in millions) For The Three Months Ended For The Twelve Months Ended July 04, June 28, July 04, January 3, December 28, 2026 2025* 2026 2026 2024 Net sales (a) $ 232 $ 212 $ 891 $ 839 $ 806 Accounts, receivable, net (b) $ 141 $ 133 $ 141 $ 116 $ 105 Days sales
Slide 26: Net Debt to Non-GAAP Adjusted EBITDA Reconciliation
NET DEBT TO NON-GAAP ADJUSTED EBITDA RECONCILIATION 26 (Unaudited) ($ in millions) As of As of July 04, June 28, 2026 2025 Current portion of long-term non-revolving debt, net - 24.5 Revolving lines of credit 105.4 144.3 Long-term non-revolving debt, net 226.1 267.4 Total debt 331.5 436.2 Less: cash
Slide 27: heliostechnologies.com
HELIOSTECHNOLOGIES.COM 7456 16th Street East Sarasota, FL 34243 +1-941-362-1200