EnerSys · NYSE:ENS

EnerSys — BofA Securities Leveraged Finance Conference 2024

34 slides from EnerSys's conference presentation, December 2024

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 4 K E Y S TAT I S T I C S 1 $4.1B $450M $507M $8.35 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 4 N E T S AL E S $3.6B Business Geography Segments 6% 15% 22% 44% 72% 41% Energy Systems Am
Slide 4: Executing Our Strategic Vision | Significantly Transformed Portfolio
Executing Our Strategic Vision | Significantly Transformed Portfolio • Improved new product TO D AY • Established vision- • Integrated Alpha and development time driven culture NorthStar acquisitions • Expanded product Innovating, Optimizing, • Built teams to execute • Deepened capabilities lines an
Slide 5: Product Portfolio Evolution | Transformed to End-to-End Energy Solutions Provider
Product Portfolio Evolution | Transformed to End-to-End Energy Solutions Provider N ET SA LES MIX ($B) H IG H L IGH T S 1 $3.6 $3.1 110 New Product Introductions 45% $2.4 56% 3.5x Faster New Product Development Time 73% 55% 75 44% 27% UL Approvals FY'17 FY'20 FY'24 Maintenance-free, Systems, and Ser
Slide 6: 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 • Communications stem V reduction, utility back-up power, Sy Elite Service s and dynamic fast charging en • Data Centers Pow
Slide 7: 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 Serv w V Sy e E
Slide 8: 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 9: Strategic Priorities Driving Long Term Growth
Strategic Priorities Driving Long Term Growth Increasing Higher Value Solutions • Customer-centric NPIs (volume and mix) Innovate • State-of-the-art technology Compounding Value Creation • Organic hardware and software • Fast Charge and Storage (FC&S) • Scalable projects across Energy Systems, Motiv
Slide 10: New Lithium-Ion Cell Gigafactory
New Lithium-Ion Cell Gigafactory CONSTRUCTION TO BEGIN FY’26 Image: Artist Rendition Project Overview Strategic and Financial Benefits Financial Highlights • 500,000 square foot, 5GWh ✓ Supports mix shift to higher performance Capital Investment capacity, lithium-ion cell lithium solutions • $665M c
Slide 11: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy F U T U R E PR IO R ITIES FY’21 – YTD PRIORITIES FY’24 FY’25 ($M, cumulative) ($M) • Continue TPPL capacity investments & end-to-end solutions • Optimize EOS to drive additional operational efficiencies 1 Invest in Organic Growth (CapEx) ~$320 $66 • Accelerate
Slide 12: Balance Sheet, Cash Flow and Leverage
Balance Sheet, Cash Flow and Leverage S E L E C T E D B AL AN C E S H E E T M E T R I C S 1 S E L E C T E D C AS H F L O W M E T R I C S 2 ($M) Q4’24 Q2’25 ($M) Q2’24 Q2’25 Cash and Cash Equivalents $333 $408 Cash Flow from Operations $111 $34 Net Debt3 $511 $840 Net Leverage Ratio3 1.0x 1.6x CapEx
Slide 13: Q2'25 Results
Q2’25 Results N E T S AL E S AD J O P E AR N I N G S 1 & M AR G I N $901 $884 $115 $104 Y/Y Change 11.5% 13.0% (3%) volume (1%) price +2% acquisition Flat FX Q2'24 Q2'25 Q2'24 Q2'25 AD J E B I T D A 1 & M AR G I N AD J D I L U T E D E P S 1 $129 $1.84 $2.12 $116 12.9% 14.6% Q2'24 Q2'25 Q2'24 Q2'25 D
Slide 14: Looking Ahead: Q3'25 and FY'25 Guidance
Looking Ahead: Q3’25 and FY’25 Guidance AS S U M P T I O N S Q3’25 FY’25 Q3’25 • Healthy demand in Motive Power, Data Center, and A&D Net Sales $920M – $960M $3,675M – $3,765M • Continued improvement in Communications demand • Transportation aftermarket volume growth; Class 8 remains suppressed • In
Slide 15: Well-Positioned for Long-Term Profitable Growth
Well-Positioned for Long- Term Profitable Growth Provider of highly differentiated energy solutions with 1 full suite of technologies for diverse end markets Strategically aligned with megatrends in 2 large and growing markets Resilient business model positioned for strong cash 3 flow generation, pr
Slide 18: Inflation Reduction Act (IRA) Enables…
Inflation Reduction Act (IRA) Enables… B AC K G R O U N D ENERSYS COMMITMENT AN N U AL B E N E F I T S 1 $369B in New Tax Credits Accelerating Lithium Strategy Recorded as reduction to COGS • Law in effect 1/1/23 - 12/31/32 with • Invest in U.S. domestic energy growth ‒ Securing domestic lithium cel
Slide 19: Our Sustainability Goals & Commitments
Our Sustainability Goals & Commitments GO A L S & P R O G R E S S AWARDS & RECOGNITION ENERGY W ATER W A STE GHG EMISSIONS CO2 Reduce energy Reduce water We are working to GOALS intensity per kWh of intensity per kWh of establish ameasurable storage produced by storage produced by waste goal aligned
Slide 20: Sustainability of Products and Services
Sustainability of Products and Services • Driving profitability and growth, with focus on energy transition, electrification, and customer decarbonization goals • Improving products and services for customers’ sustainability needs • Leveraging online customer portal to optimize battery recycling, re
Slide 22: 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 29: Non-GAAP Reconciliation
Non-GAAP Reconciliation L E V E R A G E R AT I O B Y Y E A R (1) The $85.8 million adjustment to EBITDA in the last twelve months ending March 31, 2024 primarily related to $30.6 million of non-cash stock compensation, $40.7 million of restructuring and other exit charges, impairment of indefinite-l
Slide 30: Non-GAAP Reconciliation
Non-GAAP Reconciliation L E V E R A G E R AT I O B Y Q U A R T E R (1) The $79.9 million adjustment to EBITDA in the last twelve months ending September 29, 2024 primarily related to $29.7 million of non-cash stock compensation, $38.9 million of restructuring and other exit charges, impairment of in
Slide 33: Key Performance Indicator
Key Performance Indicator P R I M A R Y O P E R AT I N G C A P I TA L As part of managing the performance of our business, we monitor the level of primary operating capital, and its ratio to net sales. We define primary operating capital as accounts receivable, plus inventories, minus accounts payab
Slide 34: Thank you.
Thank For more you. information visit us at www.enersys.com Thank you. For more information visit us at www.enersys.com World Headquarters EnerSys EMEA EnerSys APAC 2366 Bernville Road EH Europe GmbH No. 85, Tuas Avenue 1 Reading, PA 19605 USA Baarerstrasse 18 Singapore 639518 +1 610-208-1991 / +1 8

EnerSys — BofA Securities Leveraged Finance Conference 2024 on 6ix

EnerSys — BofA Securities Leveraged Finance Conference 2024

Slide 1: BofA Securities Leveraged Finance Conference

Slide 2: Forward Looking Statements

Slide 3: EnerSys at a Glance

Slide 4: Executing Our Strategic Vision | Significantly Transformed Portfolio

Slide 5: Product Portfolio Evolution | Transformed to End-to-End Energy Solutions Provider

Slide 6: Business Segments

Slide 7: Foundational Core Modular Platforms

Slide 8: Addressing Global Megatrends in Attractive and Diverse End Markets

Slide 9: Strategic Priorities Driving Long Term Growth

Slide 10: New Lithium-Ion Cell Gigafactory

Slide 11: Disciplined Capital Allocation Strategy

Slide 12: Balance Sheet, Cash Flow and Leverage

Slide 13: Q2'25 Results

Slide 14: Looking Ahead: Q3'25 and FY'25 Guidance

Slide 15: Well-Positioned for Long-Term Profitable Growth

Slide 16: Q&A

Slide 17: Appendix

Slide 18: Inflation Reduction Act (IRA) Enables…

Slide 19: Our Sustainability Goals & Commitments

Slide 20: Sustainability of Products and Services

Slide 21: Non-GAAP Reconciliations

Slide 22: Reconciliations of GAAP to Non-GAAP Financial Measures

Slide 23: Non-GAAP Reconciliation

Slide 24: Non-GAAP Reconciliation

Slide 25: Non-GAAP Reconciliation

Slide 26: Non-GAAP Reconciliation

Slide 27: Non-GAAP Reconciliation

Slide 28: Non-GAAP Reconciliation

Slide 29: Non-GAAP Reconciliation

Slide 30: Non-GAAP Reconciliation

Slide 31: Non-GAAP Reconciliation

Slide 32: Non-GAAP Reconciliation

Slide 33: Key Performance Indicator

Slide 34: Thank you.