Vertiv Holdings, Llc · NYSE:VRT

Vertiv — Q1 2026 Earnings Presentation

22 slides from Vertiv's earnings presentation, Apr 22, 2026

  1. Slide 1: First Quarter 2026 Results

    First Quarter 2026 Results April 22, 2026

  2. Slide 2: Cautionary Statement Regarding Forward-Looking Statements

    Cautionary Statement Regarding Forward-Looking Statements This presentation, and other statements that Vertiv may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv’s future financial

  3. Slide 3: First quarter 2026 key messages

    First quarter 2026 key messages First quarter net sales up ~30% versus first quarter 2025 driven by continued strength in the Americas (up 53%) and APAC (up 15%), offset partially by EMEA (down 20%). Organic net sales up ~23% (1) vs prior year (~4% M&A, ~3% FX). First quarter adjusted operating marg

  4. Slide 4: Business dynamics

    Business dynamics Market environment Manufacturing and supply chain • Strong pipeline momentum points to another year of robust orders • Continuing to strengthen supply chain resilience through growth regionalized footprint and dual-sourcing strategies – maintaining stability despite Middle East ten

  5. Slide 5: Vertiv is deploying capital to support growth

    Vertiv is deploying capital to support growth Manufacturing Services Innovation Organic Expansion Aligned to evolving customer needs Engineering, research and development • Portfolio-wide capacity expansion due • Scaling PurgeRite(2) business as fluid • Capital expenditures projected to be to broad-

  6. Slide 6: First quarter 2026 financial results

    First quarter 2026 financial results $Millions; deltas to midpoint of guidance range Adj. Diluted EPS Net Net Sales Sales Adj. Operating Profit Adj. Operating Margin Adj. Free Cash Flow Up ~$0.53 Up ~$614M Up ~$214M Up ~430 bps Up ~$388M Up ~83% vs. prior year Up ~30% vs. prior year Up ~64% vs. prio

  7. Slide 7: First quarter 2026 financial results

    First quarter 2026 financial results $Millions Net sales Americas Up 53% Up 15% Down 20% Organic +44% Organic +12% Organic -29% • Organic sales growth was driven by robust, diversified 1,814 growth across product lines • Higher adjusted operating margin driven by increased 1,185 leverage and positiv

  8. Slide 8: Second quarter 2026 financial guidance

    Second quarter 2026 financial guidance $Millions; deltas to midpoint of guidance range Adj. Diluted EPS Net Net Sales Sales Adj. Operating Profit Adj. Operating Margin Up ~$0.45 Up ~$712M Up ~$220M Up ~270 bps Up ~47% vs. prior year Up ~27% vs. prior year Up ~45% vs. prior year $1.40 3,350 710 21.2%

  9. Slide 9: Full year 2026 financial guidance

    Full year 2026 financial guidance $Millions; deltas to midpoint of guidance range Adj. Diluted EPS Net Sales Adj. Operating Profit Adj. Operating Margin Adj. Free Cash Flow Up ~$2.15 Up ~$3,520M Up ~$1,110M Up ~290bps Up ~$313M Up ~51% vs. prior year Up ~34% vs. prior year Up ~53% vs. prior year Up

  10. Slide 10: 2026 Investor Conference – May 19th – 20th in Greenville, S.C.

    2026 Investor Conference – May 19th – 20th in Greenville, S.C. Vertiv’s vision and strategic direction Market update Financial overview, including updated multi-year outlook Q&A with leadership team Reception with leadership team Technology Session (Wednesday, May 20) Infrastructure Solutions Facili

  11. Slide 11: Key takeaways

    Key takeaways CUSTOMER PROJECT SPOTLIGHT Q1 EXCEEDED GUIDANCE: Vertiv’s converged infrastructure solutions to Adjusted diluted EPS • Adjusted operating margin • Higher enable EcoDataCenter AI-focused data center in adjusted operating profit Borlänge, Sweden • EcoDataCenter’s site is designed to supp

  12. Slide 12: Non-GAAP financial reconciliations

    Non-GAAP financial reconciliations © 2026 Vertiv. All Rights Reserved. 12

  13. Slide 13: Non-GAAP financial measures – first quarter results

    Non-GAAP financial measures – first quarter results Reconciliation of segment operating profit (loss) to operating profit (loss) and adjusted Reconciliation from operating profit (loss) margin to adjusted operating profit (loss) margin operating profit (loss) ($M | 1st QUARTER) 1Q26 1Q25  ($M | 1st

  14. Slide 14: Non-GAAP financial measures – first quarter results (cont.)

    Non-GAAP financial measures – first quarter results (cont.) Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) Interest Loss on Income Operating expense extinguishment tax expense ($M, except EPS | 1st QUARTER 2026) profit (loss) (in

  15. Slide 15: Non-GAAP financial measures – second quarter 2026 guidance

    Non-GAAP financial measures – second quarter 2026 guidance Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) At midpoint of guidance range Interest Operating profit expense (income), Income tax expense ($M, except EPS | 2nd QUARTER

  16. Slide 16: Non-GAAP financial measures – FY 2026 guidance

    Non-GAAP financial measures – FY 2026 guidance Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) At midpoint of guidance range Operating profit Interest Loss on extinguishment Income tax expense ($M, except EPS | FULL YEAR 2026) (lo

  17. Slide 17: Non-GAAP financial measures: Q1 2025 – Q1 2026 results

    Non-GAAP financial measures: Q1 2025 – Q1 2026 results Net Sales(1) ($M) 1Q25 2Q25 3Q25 4Q25 FY25 1Q26 Americas $1,185.3 $1,602.3 $1,712.4 $1,886.3 $6,386.3 $1,814.4 Asia Pacific 447.2 560.2 519.8 492.0 2,019.2 513.7 EMEA 403.5 475.6 443.6 501.7 1,824.4 321.4 Total $2,036.0 $2,638.1 $2,675.8 $2,880.

  18. Slide 18: Non-GAAP financial measures: Q1 2025 – Q1 2026 results

    Non-GAAP financial measures: Q1 2025 – Q1 2026 results Reconciliation from operating profit (loss) margin to adjusted operating profit (loss) margin ($M) 1Q25 2Q25 3Q25 4Q25 FY25 1Q26 Net sales $2,036.0 $2,638.1 $2,675.8 $2,880.0 $10,229.9 $2,649.5 Operating profit 290.7 442.4 516.7 597.9 1,829.7 44

  19. Slide 19: Non-GAAP financial measures: Q1 2025 – Q1 2026 results

    Non-GAAP financial measures: Q1 2025 – Q1 2026 results Reconciliation of segment operating profit (loss) to operating profit (loss) and adjusted operating profit (loss) ($M) 1Q25 2Q25 3Q25 4Q25 FY25 1Q26 Americas $259.7 $384.6 $510.8 $568.2 $1,714.3 $490.2 Asia Pacific 45.7 59.2 68.5 48.7 222.1 67.4

  20. Slide 20: Non-GAAP financial measures – organic net sales growth reconciliation

    Non-GAAP financial measures – organic net sales growth reconciliation Reconciliation of change in net sales to organic change in net sales Net Sales Δ FX Δ Acquisition Δ(1) Organic growth Organic Δ %(2) ($M | 1st QUARTER 2026) Americas: $629.1 ($7.5) ($96.0) $525.6 44.3% Asia Pacific: 66.5 (13.0) -

  21. Slide 21: Guidance assumptions

    Guidance assumptions $Millions unless otherwise specified Tax Assumptions Q2-Q4 Avg 2025 Assumption CNY / USD 7.15 6.82 USD / EUR $1.14 1.18 USD / GBP $1.33 1.35 INR / USD 87.69 93.24 Nonrecurring tax effect of interest rate swap settlement: In 1Q26, 1-mo SOFR 3.7% we recorded a tax benefit related

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Vertiv Holdings — Q1 2026 Earnings Presentation on 6ix