Enersys · NYSE:ENS
Enersys — 2024 Wells Fargo Clean Energy Symposium
24 slides from Enersys's conference presentation, Mar 26, 2024
Slide 1: Wells Fargo Clean Energy Symposium
Wells Fargo Clean Energy Symposium MARCH 2024 March 2024 © 2024 EnerSys. All Rights Reserved.
Slide 2: Forward Looking Statements
Forward Looking Statements As a reminder, we will be presenting certain forward-looking statements in this presentation 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 a
Slide 3: EnerSys at a Glance
EnerSys at a Glance F Y 2 0 2 3 K E Y S TAT I S T I C S 1 $4.3B $322M $388M $5.34 10K+ Market Cap2 Adj. Operating Earnings3 Adj. EBITDA3 Adj. Diluted EPS3 Customers G L O B AL FAC I L I T Y B AS E 4 F Y 2 0 2 3 N E T S AL E S $3.7B Business Geography Segments 6% 14% 21% 39% 47% 73% Energy Systems Am
Slide 4: Addressing Global Megatrends in Attractive and Diverse End Markets
Addressing Global Megatrends in Attractive and Diverse End Markets Energy • Modernizing energy grids, storage, and distribution Transition • Shifting market to EVs ~$30B+ Serviceable Energy • Increasing resiliency of electrical infrastructure and grid Addressable Market1 Security • Growing need for
Slide 5: Clear Path to Achieving FY'27 Targets
Clear Path to Achieving FY’27 Targets NET AD J . O P E R AT I N G AD J . AD J . S AL E S M AR G I N 1 EBITDA1 EPS1 FY’23 6.3% 8.7% $388M $5.34 Baseline FY’20-23 CAGR FY’27 8% - 10% 14% - 16% $850M - $950M $11.00 - $13.00 Targets FY’23-27E CAGR + reinvestment of capital for additional shareholder val
Slide 6: Accelerating Growth in Diverse End Markets
Accelerating Growth in Diverse End Markets Total EnerSys: 8% – 10% Net Sales FY’23 – 27E CAGR Energy Systems Motive Power Specialty Fast Charge & Storage CAGR 6% – 8% 5% – 7% 10% – 12% Incremental • Accelerating higher-tech • Growing automation and • Capturing market share • Demonstrates ability to
Slide 7: Business Segments
Business Segments ENERGY SYSTEMS NEW VENTURES Power conversion, power distribution, Energy storage and management and energy storage solutions systems for demand charge s New • Communication Networks stem reduction, utility back-up power, Sy Elite Service s V • Data Centers and dynamic fast charging
Slide 8: Foundational Core Modular Platforms
Foundational Core Modular Platforms E N E R G Y S TO R AG E POWER ELECTRONICS Lithium-ion • Advanced, high-efficiency power conversion • Maintenance-free • High voltage power transfer with power • Longer cycle life ems Ne line communication for 5G small cells • Fastest charge rate st Servic w V Sy E
Slide 9: Product Portfolio Evolution: Transformed to End-to-End Energy Solutions Provider
Product Portfolio Evolution | Transformed to End-to-End Energy Solutions Provider N ET SA LES MIX H IG H L IGH T S ($B) $3.7 110 New Product Introductions $3.1 44% $2.4 3.5x Faster New Product Development Time 56% 73% 56% 75 UL Approvals 44% 27% FY'17 FY'20 FY'23 288% Engineers Increase in Maintenan
Slide 10: Future Charging Infrastructure
Future Charging Infrastructure Public fast charging availability plays key role in EV adoption, expands customer use cases, and provides confidence during longer trips W O R K / R E S I D E N T I AL C O M M E R C I AL U LT R A - FAS T C H AR G I N G FAS T C H AR G E ‘ R E F U E L L I N G ’ S TAT I O
Slide 11: Powering the Future through Energy Management Capabilities
Powering the Future through Energy Management Capabilities S M AR T E N E R G Y L O AD & E N E R G Y E C O S Y S T E M System Input System Output EV-Pedestal 150kW Commercial Solar Fast Charge & Storage 600kW Lithium-Ion Batteries Commercial Buildings and Multi-Family Units Grocery Stores Grid Peak
Slide 12: March 2024
March 2024 © 2024 EnerSys. All Rights Reserved.
Slide 13: Accelerating Innovation with Fast Charge and Storage
Accelerating Innovation with Fast Charge and Storage E N D - TO - E N D S O L U T I O N KEY BENEFITS • Smart energy and load management ecosystem for reliable fast charging solutions • Optional solar panel integration in decentralized system enables power in rural areas • Modularity allows growth wi
Slide 14: Fast Charge and Storage Momentum Growing
Fast Charge and Storage Momentum Growing LAUNCH ORDER RECEIVED SYSTEM ORDER Battery Energy Storage DC Pedestal • Initial 50 system order System (BESS) • 15 systems to be deployed Power midyear 2024 Conversion Software System • 4 pedestals per system with parallel charging capability COMBINING: CUSTO
Slide 15: Compelling Investment Thesis
Compelling Investment Thesis 1 2 3 Strategically positioned in Transformed company expanding markets driven Invigorated leadership delivering innovative by global megatrends team executing a clear solutions and defining the strategy for accelerated future of energy transition earnings growth Playing
Slide 16: Q&A
Q&A March 2024 © 2024 EnerSys. All Rights Reserved. 16
Slide 17: Appendix
Appendix March 2024 © 2024 EnerSys. All Rights Reserved. 17
Slide 18: Executing Our Strategic Vision: Significantly Transformed Portfolio
Executing Our Strategic Vision | Significantly Transformed Portfolio • Improved new product TO D AY • Established vision- • Integrated Alpha and development time driven culture NorthStar acquisitions • Expanded product Innovating, Optimizing, • Built teams to execute • Deepened capabilities lines an
Slide 19: Non-GAAP Reconciliations
Non-GAAP Reconciliations March 2024 © 2024 EnerSys. All Rights Reserved. 19
Slide 20: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures This presentation contains financial information determined by methods other than in accordance with U.S. Generally Accepted Accounting Principles, ("GAAP"). EnerSys' management uses the non-GAAP financial measures “adjusted Net earnings”, “adju
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation F Y ’ 2 3 A D J U S T E D O P E R AT I N G E A R N I N G S Twelve months ended March 31, 2023 Energy Motive IRA Tax ($ in millions) Specialty Total Systems Power Credits Net Sales $1,738.1 $1,451.3 $519.1 — $3,708.5 Operating Earnings $60.8 $165.2 $35.0 $17.3 $278.3 Inventory
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation FY’23 ADJUSTED EBITDA Twelve months ended ($ in millions) March 31, 2023 Net Earnings $175.8 Depreciation 60.4 Amortization 30.8 Interest 59.5 Income Taxes 34.8 EBITDA 361.3 Non-GAAP adjustments 26.2 Adjusted EBITDA $387.5 The following table provides the non-GAAP adjustments
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation FY’23 ADJUSTED DILUTED EPS Twelve months ended ($ in millions, except share and per share amounts) March 31, 2023 The following table provides the line of business allocation of the non-GAAP adjustments of items relating operating Net earnings reconciliation earnings (that ar
Slide 24: Thank you.
Thank you. For more information visit us at www.enersys.com EnerSys Global Headquarters EnerSys EMEA EnerSys Asia 2366 Bernville Road EH Europe GmbH 152 Beach Road Reading, PA 19605 | USA Baarerstrasse 18 Gateway East Building #11- 08 Tel. +1-610-208-1991 6300 Zug Singapore +1-800-538-3627 Switzerla