Slide 1: Spring 2025 nVent Shareholder Engagement
1 Spring 2025 nVent Shareholder Engagement
Slide 2: Caution Concerning Forward-Looking Statements
2 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 historical fact are forward looking statements
Slide 3: Pivotal year of strong performance and progress on our portfolio transformation
3 Pivotal year of strong performance and progress on our portfolio transformation 2024 Business Results Sales of $3.0 billion, up 13% and 2% organically; acquisitions added 10 points Adjusted Operating Income of $652 million, up 15% Adjusted EPS of $2.49, up 7% Free Cash Flow of $427 million
Slide 4: Announcing Our 2024 Sustainability Report
4 Announcing Our 2024 Sustainability Report Recognition *As of May 2024, including full and part-time employees, and excluding contingent workers and temporary employees, employees on leave of absence, and our 2024 acquisitions. Achieved above global benchmark employee satisfaction + recommend score
Slide 5: We value investor feedback and will continue to seek it through engagement initiatives
5 We value investor feedback and will continue to seek it through engagement initiatives *nVent outstanding shares and shareholder ownership are as of the time of fall outreach, which reflects June 30, 2024 data. Shareholder ownership is based on publicly disclosed ownership. Shareholder Engagement
Slide 6: 2025 Director Nominees
6 2025 Director Nominees (1) Our director nominees’ average tenure is calculated by full years of completed service based on date of initial appointment or election to our Board. Experienced, Diverse Board Experience/Qualifications/ Attributes/Skills Board Nominees Aaholm Burris Cameron Ducker Ostli
Slide 7: Good governance sets the foundation for success
7 Good governance sets the foundation for success Governance Practices All Directors are independent, except our Chair Independent Lead Director with robust responsibilities set forth in our Corporate Governance Principles Demonstrated commitment to thoughtful Board refreshment Code of Ethic
Slide 8: 2024 Executive Compensation Structure
8 2024 Executive Compensation Structure 2024 Target Direct Compensation Mix 11% 15% 74% 22% 60% 18% CEO Other NEOs Base Salary Annual Incentives Long-Term Incentives 89% at risk 78% at risk Annual Incentive Plan (“MIP”) Long-Term Incentive Plan 30% 30% 25% Revenue Adjusted EPS Free Cash Flow 15% ESG
Slide 9: Pay-for-Performance Alignment
9 -50% -25% 0% 25% 50% 75% 100% 125% 150% Strong correlation between NEO pay and performance delivered to our shareholders Pay-for-Performance Alignment 2022 Payouts 156% MIP 142% PSU 2023 Payouts 139% MIP 200% PSU 2024 Payouts 98% MIP 200% PSU NVT TSR 75th Percentile 50th Percentile 25th Percentile
Slide 10: Closing Summary
10 2024 was a year of strong performance & transformation Closing Summary Strong sales, margins and cash flow Total shareholder return outperformed the S&P 400 Industrials Significant progress on our sustainability priorities Strong correlation between pay and performance while delivering for shareh
Slide 11: Appendix: GAAP to Non-GAAP Measurements & Reconciliations
11 11 Appendix GAAP to Non-GAAP Measurements & Reconciliations
Slide 12: Q4 '24 Reported to Adjusted 2024 Reconciliation
12 Q4 ’24 Earnings Presentation Reported to Adjusted 2024 Reconciliation
Slide 13: Q4 '24 Reported to Adjusted 2023 Reconciliation
13 Q4 ’24 Earnings Presentation Reported to Adjusted 2023 Reconciliation
Slide 14: Q4 '24 Organic Sales Growth and Free Cash Flow Reconciliation 2024
14 Q4 ’24 Earnings Presentation Organic Sales Growth and Free Cash Flow Reconciliation 2024