Msa Safety Incorporated · NYSE:MSA
Msa Safety — 46th Annual William Blair Growth Stock Conference (June 2026)
18 slides from Msa Safety's conference presentation, Jun 2, 2026
Slide 1: 46th Annual William Blair Growth Stock Conference
46th Annual William Blair Growth Stock Conference June 2, 2026 Julie Beck Senior Vice President and Chief Financial Officer Larry De Maria Vice President, Investor Relations MSA Safety | 46th Annual William Blair Growth Stock Conference Presentation 1
Slide 2: Cautionary Statements Regarding Forward-looking Statements
Cautionary Statements Regarding Forward-looking Statements This presentation may contain (and verbal statements made by MSA® Safety Incorporated (“MSA Safety”) may contain) “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relat
Slide 3: Non-GAAP Financials
Non-GAAP Financials To supplement our Consolidated Financial Statements presented in accordance with generally accepted accounting principles (“GAAP”), we use, and this presentation includes, certain non-GAAP financial measures. These financial measures include organic sales change, adjusted operati
Slide 4: Industrial Safety Technology Company Driven by Our Mission
Industrial Safety Technology Company Driven by Our Mission MISSION VALUES 40+ That men and women may work in safety Embracing change and encouraging and that they, their families, and their innovation in a culture of safety communities may live in health throughout the world Million Workers Protecte
Slide 5: Diverse Business Driven by Customer-Centric Innovation
Diverse Business Driven by Customer-Centric Innovation $1.9B Net Sales (1) Net Sales by Net Sales by ~5,300 Associates Segment(1) Product Category(1,3) 5 Primary Global R&D Centers 67% 33% 41% 34% 4.3% R&D Investment (1,2) Americas International Detection Fire Service 46.8% Gross Margin (1) 22.3% Ad
Slide 6: Building on Our Legacy as an Industrial Compounder
Building on Our Legacy as an Industrial Compounder Net Sales ($MM) Adj. Operating Income ($MM) Adj. ROIC (%) & Margin (%) +6% +10% +725 CAGR CAGR $415 bps $1,875 20.2% 17.2% $1,400 $241 22.1% 12.9% $1,150 $171 17.2% 14.9% 2016 2021 2025 2016 2021 2025 2016 2021 2025 Mid-Single Digit Sales Growth Tot
Slide 7: Accelerate Strategy Enables Achievement of 2028 Targets
Accelerate Strategy Enables Achievement of 2028 Targets Executing the Pillars of Our Strategy To Achieve Our 2028 Financial Targets Continue To Be the Leader In Premium Organic Revenue Growth Safety Solutions + $2.1B – $2.3B Implement Targeted Growth Accelerators Operating Margin(1) Expansion + 23.5
Slide 8: Allocating Capital in Line with Our Accelerate Strategy
Allocating Capital in Line with Our Accelerate Strategy Post Autronica Acquisition Net Leverage of ~2.0x, Strong Balance Sheet Provides Continued Deployment Optionality GROWTH INVESTMENTS FINANCIAL STRENGTH EXCESS CAPITAL ORGANIC DEBT LEVELS WITHIN TARGET RANGE RETURN TO SHAREHOLDERS • Invest in tec
Slide 9: Autronica: Transaction Summary
Autronica: Transaction Summary • Transaction valued at $555 million Valuation • ~17x 2025 adjusted EBITDA multiple, ~13x with run-rate synergies + • 2025 sales of ~$160 million, ~20% adjusted EBITDA margin Financial Strategic Rationale • Expected synergies of ~6% Autronica sales Impact • Expected to
Slide 10: Autronica: A Leader in Fire & Gas Detection & Alarm Systems
Autronica: A Leader in Fire & Gas Detection & Alarm Systems Business Overview Life Safety • Established fire and gas safety solutions provider founded in 1957, High reliability, low false-alarm rates and strong performance in high-risk headquartered in Trondheim, Norway, with ~500 employees globally
Slide 11: Solid Performance to Start 2026
Solid Performance to Start 2026 Key Metrics(1) 1Q 2026 Net Sales $464MM +10% Adjusted Operating Income $101MM +16% Adjusted Operating Margin 21.8% +100 bps Adjusted EPS $1.99 +18% Free Cash Flow $65MM +28% 2026 Organic Sales Outlook MSD(2) See our Investor Relations website for definitions of non-GA
Slide 12: MSA Safety | A Leading Industrial Safety Technology Company
MSA Safety | A Leading Industrial Safety Technology Company 1 Mission-driven company with an unwavering dedication to helping customers achieve their safety and productivity goals 2 Execution of our Accelerate strategy drives profitable, above-market growth and further positions us as a leading indu
Slide 13: Q&A
Q&A MSA Safety | 46th Annual William Blair Growth Stock Conference Presentation 13
Slide 14: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures MSA Safety | 46th Annual William Blair Growth Stock Conference Presentation 14
Slide 15: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Return on Invested Capital, ROIC (Unaudited) Twelve Months Ended December 31, (In thousands, except percentage amounts) 2016 2021 2025 Adjusted earnings $ 104,137 $ 184,745 $ 311,929 Adjusted ROIC earnings Pre-Tax interest expense 16,411 10,758 31,799 Ad
Slide 16: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Return on Invested Capital, ROIC Continued (Unaudited) For the Twelve Months Ended December 31, 2025 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Average Debt $ 580,934 $ 628,583 $ 679,348 $ 502,057 $ 508,013 $ 579,787 Shareholder's equity 1,367,012 1,302,390
Slide 17: Contact and Connect
Contact and Connect Lawrence T. De Maria, CFA Tyler K. Herzing Vice President, Investor Relations Senior Manager, Investor Relations Email: larry.demaria@msasafety.com Email: tyler.herzing@msasafety.com CONTACT INVESTOR RELATIONS CONNECT WITH US Email: investorrelations@msasafety.com MSA Safety | 46
Slide 18: MSA Safety | 46 th Annual William Blair Growth Stock Conference Presentation
MSA Safety | 46th Annual William Blair Growth Stock Conference Presentation 18
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