Vertiv Holdings, Llc · NYSE:VRT

Vertiv — Q4 2025 Earnings Presentation

27 slides from Vertiv's earnings presentation, Feb 11, 2026

  1. Slide 1: Fourth Quarter 2025 Results

    Fourth Quarter 2025 Results February 11, 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: Fourth quarter 2025 key messages

    Fourth quarter 2025 key messages Fourth quarter organic(1) orders up ~252% with backlog increasing to ~$15.0B, up ~$7.8B or ~109% vs fourth quarter 2024. Trailing twelve-month (TTM) organic orders growth of ~81%. Book-to-bill ratio of ~2.9x for fourth quarter 2025. Fourth quarter organic net sales u

  4. Slide 4: Regional market dynamics

    Regional market dynamics Americas EMEA APAC • Sales growth in 2025 driven by strong, • EMEA sales marginally down in • Sales growth in 2025 driven by market broad-based growth across product line 2025. Market sentiment has significantly robustly accelerating in India and Rest of and customer segment

  5. Slide 5: Business dynamics

    Business dynamics Customer demand Manufacturing and supply chain • Trailing Twelve-month (TTM) organic orders growth of ~81% vs. • Effectively mitigating material inflation risk from commodities prior year. Fourth quarter orders up ~252% year-over-year and up and the evolving tariff environment ~117

  6. Slide 6: Converged data center and IT white space solutions

    Converged data center and IT white space solutions VertivTM OneCore Video Link VertivTM OneCore VertivTM SmartRun VertivTM OneCore Video Link VertivTM Cooling Modules / Skids Data Hall SmartRun • Prefabricated whitespace Service infrastructure solution to Modules speed up data hall readiness Power M

  7. Slide 7: Vertiv services are strategically aligned to the evolving customer needs

    Vertiv services are strategically aligned to the evolving customer needs Vertiv’s unique service capabilities enables Vertiv acquires PurgeRite(1) to expand capabilities resiliency to endure, evolve and excel in specialized fluid management services • Services designed to deliver customer value acro

  8. Slide 8: Fourth quarter 2025 financial results

    Fourth quarter 2025 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 ~$0.37 Up ~$534M Up ~$164M Up ~170 bps Up ~$548M Up ~37% vs. prior year Organic up ~19% vs. prior year Up ~33%

  9. Slide 9: Fourth quarter 2025 financial results

    Fourth quarter 2025 financial results $Millions Net sales Americas Up 50% Down 10% Down 8% Organic +46% Organic -9% Organic -14% • Organic sales growth driven by strong, broad-based growth across product lines and customer segments 1,886 • Higher adjusted operating margin driven by operational lever

  10. Slide 10: Full year 2025 financial results

    Full year 2025 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 ~$1.35 Up ~$2,218M Up ~$538M Up ~100 bps Up ~$752M Up ~47% vs. prior year Organic up ~26% vs. prior year Up ~35% vs

  11. Slide 11: 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 ~$1.82 Up ~$3,270M Up ~$950M Up ~210bps Up ~$313M Up ~43% vs. prior year Organic up ~28% vs. prior year Up ~45% vs. prior ye

  12. Slide 12: First quarter 2026 financial guidance

    First 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 ~$0.34 Up ~$564M Up ~$158M Up ~250 bps Up ~53% vs. prior year Organic up ~22% vs. prior year Up ~47% vs. prior year $0.98 2,600 49

  13. Slide 13: Key takeaways

    Key takeaways Q4 & FY 2025 EXCEEDED GUIDANCE: Adjusted diluted EPS • Adjusted operating margin • Strong net sales outperformance • Higher adjusted operating profit ORDERS UP ~252% FROM FOURTH QUARTER 2024: $15.0B Backlog (+109%) • 2.9x Book-to-bill ratio • ~81% TTM Organic Orders Growth VERTIV IS SH

  14. Slide 14: Non-GAAP financial reconciliations

    Non-GAAP financial reconciliations © 2026 Vertiv. All Rights Reserved. 14

  15. Slide 15: Non-GAAP financial measures – fourth quarter results

    Non-GAAP financial measures – fourth 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) ($M | FULL YEAR) 4Q25 4Q24  ($M | FULL

  16. Slide 16: Non-GAAP financial measures – fourth quarter results (cont.)

    Non-GAAP financial measures – fourth quarter results (cont.) Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) Income Operating profit Interest tax expense ($M, except EPS | 4th QUARTER 2025) (loss) expense, net (benefit) Net income

  17. Slide 17: Non-GAAP financial measures – full year results

    Non-GAAP financial measures – full year 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) ($M | FULL YEAR) FY25 FY24  ($M | FULL YEAR

  18. Slide 18: Non-GAAP financial measures – full year results (cont.)

    Non-GAAP financial measures – full year results (cont.) Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) Operating profit Interest Loss on extinguishment Income tax expense ($M, except EPS | FULL YEAR 2025) (loss) expense, net of d

  19. Slide 19: Non-GAAP financial measures – first quarter 2026 guidance

    Non-GAAP financial measures – first quarter 2026 guidance At midpoint of guidance range Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) Operating profit Interest Income tax expense ($M, except EPS | 1st QUARTER 2026) (loss) expens

  20. Slide 20: Non-GAAP financial measures – FY 2026 guidance

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

  21. Slide 21: Non-GAAP financial measures: Q1 2024 – Q4 2025 results

    Non-GAAP financial measures: Q1 2024 – Q4 2025 results Net Sales(1) ($M) 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 4Q25 FY25 Americas $925.0 $1,121.1 $1,198.6 $1,255.9 $4,500.6 $1,185.3 $1,602.3 $1,712.4 $1,886.3 $6,386.3 Asia Pacific 332.3 409.1 432.4 544.0 1,717.8 447.2 560.2 519.8 492.0 2,019.2 EME

  22. Slide 22: Non-GAAP financial measures: Q1 2024 – Q4 2025 results

    Non-GAAP financial measures: Q1 2024 – Q4 2025 results Reconciliation from operating profit (loss) margin to adjusted operating profit (loss) margin ($M) 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 4Q25 FY25 Net sales $1,639.1 $1,952.8 $2,073.5 $2,346.4 $8,011.8 $2,036.0 $2,638.1 $2,675.8 $2,880.0 $10,2

  23. Slide 23: Non-GAAP financial measures: Q1 2024 – Q4 2025 results

    Non-GAAP financial measures: Q1 2024 – Q4 2025 results Reconciliation of segment operating profit (loss) to operating profit (loss) and adjusted operating profit (loss) ($M) 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 4Q25 FY25 Americas $187.8 $285.1 $303.4 $321.5 $1,097.8 $259.7 $384.6 $510.8 $568.2 $1

  24. Slide 24: 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 | 4th QUARTER 2025) Americas: $630.4 ($4.0) ($45.9) 580.5 46.2% Asia Pacific: (52.0) 1.4 - (5

  25. Slide 25: Guidance assumptions

    Guidance assumptions $Millions unless otherwise specified Tax Assumptions Avg 2025 2026 Plan CNY / USD 7.15 6.94 USD / EUR $1.14 1.18 USD / GBP $1.33 1.36 INR / USD 87.69 90.32 1-mo SOFR 3.8% Q4 2025 ETR was 21%, below prior guidance of 23% Favorability is primarily driven by tax benefits related to

  26. Slide 26: Additional 2026 guidance assumptions

    Additional 2026 guidance assumptions $Millions SEGMENT EXPECTATIONS(1) ADJUSTED FREE CASH FLOW FY 2026 FY 2025 B/(W) AMERICAS APAC EMEA Adjusted operating profit $ 3,040 $ 2,090 $ 950 NET SALES $9,100 - $9,300 $2,400 - $2,600 $1,700 - $1,800 ORGANIC Flat to down mid Depreciation & amortization 163 1

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Vertiv Holdings — Q4 2025 Earnings Presentation on 6ix