Slide 1: nVent Second Quarter 2025 Earnings Presentation
nVent Second Quarter 2025 Earnings Presentation August 1, 2025 1
Slide 2: Forward-Looking Statement and Key Definitions
Forward-Looking Statement and Key Definitions Caution Concerning Forward-Looking Statements This presentation contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of hi
Slide 3: Key Messages
Key Messages Delivered record Q2 sales of $963M, up 30%; adjusted EPS up 28%, both exceeding guidance Strong orders and backlog: organic orders up >20% and total backlog increased more than four-fold year-over-year Portfolio transformation and data centers accelerating growth Strong balance sheet an
Slide 4: Q2 Summary
Q2 Summary Sales of $963 million, up 30% and 9% organically Adjusted operating income of $200 million, up 18%; ROS of 20.8%, ahead of expectations Q2 2025 Adjusted EPS of $0.86, up 28% Free cash flow generation of $74 million Organic growth led by Infrastructure, including data centers and
Slide 5: Q2 2025 nVent Performance
Q2 2025 nVent Performance Sales ($M) Financial Highlights (YoY) $153 $6 $963 Sales up 30%, organically up 9% $64 - Acquisitions added 21 points to growth +30% $740 YoY Adjusted operating income up 18% 9 pts 21 pts 1 pt - Inflation, including tariffs, partially offset by price Q2 ’24 Organic Acq.
Slide 6: Q2 2025 Segment Performance
Q2 2025 Segment Performance Sales Segment Income Commentary ($M) Systems Protection + Organic sales led by Infrastructure and Commercial/Resi $632 $137 + Strong data centers and power utilities sales, orders and backlog growth Up 43% Up 32% Up 10% organic ROS 21.7% (-180 bps) + Organic sales growth
Slide 7: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Cash Flow ($M) Debt Summary ($M) $1,775 Maturity Q2 YTD $500 @ 2028 2025 2025 $1,300 73% Fixed $300 @ 2031 Net Income $ 107 $ 194 $500 @ 2033 Amortization 36 64 Subtotal $ 143 $ 258 $475 27% Variable 2030 Depreciation 14 28 Q2 ’25 Weighted Average Rate ~5% Capital Expendi
Slide 8: Capital Allocation Update
Capital Allocation Update Reinvest in Return Cash Manage Leverage M&A the business to Shareholders Target of 2.0X to 2.5X Full-year capex of ~$110 Acquisitions a top priority Repurchased shares of Maintain investment million in 2025 Target ROIC > WACC in $253 million in 1H grade metrics
Slide 9: 2025 nVent Outlook
2025 nVent Outlook nVent Expected Drivers Previous Guidance Updated Guidance Secular tailwinds in electrification, sustainability and digitalization Up 19% to 21% reported Up 24% to 26% reported Price and productivity offsetting inflation and tariffs Sales Up 5% to 7% organic Up 8% to 10% organi
Slide 10: Q3 2025 nVent Outlook
Q3 2025 nVent Outlook Q3 ’25 Q3 ’24 Other Items Reported sales Up 27% to 29% $782M Tax rate ~22% Organic sales Up 11% to 13% 1% Net interest expense ~$21M EPS (reported) $0.67 to $0.69 $0.47 Shares ~163M EPS (adjusted) $0.86 to $0.88 $0.63 Expected Drivers Acquisitions to add ~15 points to sales
Slide 11: nVent Portfolio Transformation
nVent Portfolio Transformation 2019 2020 2021 2023 2024 2025 Electrical Products Group Renewables Commercial & Power Utilities, Industrial Data Solutions Infrastructure Power Utilities, Data Centers, Data Centers, Automation Renewables Renewables Thermal Management Data Solutions Industrial Divestit
Slide 12: Data Center White Space
Data Center White Space BROAD & INNOVATIVE PORTFOLIO Strong growth drivers Cable Management Enclosures AI driving demand for innovative power and cooling solutions Increasing penetration of liquid cooling in data centers, growing 3X faster than legacy cooling Power Distribution Growing modular
Slide 13: Data Center Gray Space
Data Center Gray Space EXPANDED Enclosures & Cooling PORTFOLIO Strong Growth Drivers AI driving gray space demand Enclosures required for data center power Trend toward maximizing white space creates opportunity for outdoor enclosed gray space solutions Outdoor Enclosures Cable Management Powe
Slide 14: Summary
Summary Record Q2: strong double-digit growth in orders, backlog, sales and adjusted EPS Portfolio transformation and data centers accelerating growth Expecting stronger growth in back half 2025 Well-positioned with electrification, sustainability and digitalization trends Q2 ’25 Earnings Pres
Slide 15: Appendix and GAAP to Non-GAAP Measurements & Reconciliations
Appendix and GAAP to Non-GAAP Measurements & Reconciliations 15 15
Slide 16: Reported to Adjusted 2025 Reconciliation
Reported to Adjusted 2025 Reconciliation Q2 ’25 Earnings Presentation 16
Slide 17: Reported to Adjusted 2024 Reconciliation
Reported to Adjusted 2024 Reconciliation Q2 ’25 Earnings Presentation 17
Slide 18: Reported to Adjusted 2023 Reconciliation
Reported to Adjusted 2023 Reconciliation Q2 ’25 Earnings Presentation 18
Slide 19: Organic Sales Growth and Free Cash Flow Reconciliation
Organic Sales Growth and Free Cash Flow Reconciliation Q2 ’25 Earnings Presentation 19