Brightview Holdings, Inc. · NYSE:BV
Brightview — 5th Annual BTIG Housing Ecosystem Conference 2026
30 slides from Brightview's conference presentation, May 7, 2026
Slide 1: Investor Presentation Spring 2026
Investor Presentation Spring 2026
Slide 2: Forward Looking Statements
Forward Looking Statements Forward Looking Statements or the perception of future sales, by us or our affiliates, which could cause the market price for our common stock to This presentation contains “forward-looking statements” within the meaning of the safe harbor provision of the U.S. decline; th
Slide 3: Opportunity Abounds in Large & Highly Fragmented Market
Opportunity Abounds in Large & Highly Fragmented Market U.S. Market Structure BrightView 2Q26 TTM Revenue: $2.7B ~$140B U.S. Commercial Landscaping, Snow and Development Development ~$125B U.S. Commercial Landscaping and Snow ~30% ~70% Maintenance U.S. Commercial ~$105B Landscaping Services BrightVi
Slide 4: Key Investment Highlights
Key Investment Highlights KEY INVESTMENT HIGHLIGHTS Unifying BrightView Market leader with size, scale and strategy to compound competitive advantages Prioritizing our employees to become employer and service provider of choice Sustainable business model with recurring revenue and intense customer f
Slide 5: BrightView Today
BrightView Today • Founded in 1939 • Headquartered: Blue Bell, PA • Employees: ~18,000 States with BrightView Branches • Revenue: $2.7B (2Q26 TTM) Corporate Headquarters Maintenance Branches • Jobs: ~20,000 Development Branches • Branch Locations: 265+ Shared Branches Note: Branch locations include
Slide 6: BrightView – Much More Than Just Mowing
BrightView – Much More Than Just Mowing Maintenance Mowing Gardening Mulching Snow Services Tree Care Water Mgmt. & Irrigation Lake & Pond Landscape Disaster Sports Golf Course Landscape Management Installation Recovery Fields Maintenance Design Development Design & Pre- Landscape Masonry + Hardscap
Slide 7: BrightView's Early Days…
BrightView’s Early Days… Not Growing Profitability, Combined Two Limited Cash, Legacy Stuck In Place Companies to Create a National Presence Initial Public Offering Focused on Revenue Growth, but not Profitable Growth 7
Slide 8: …Led to These Financial Results
…Led to These Financial Results 380 15.0 370 14.5 Revenue ($Ms) 360 Adj. EBITDA ($Ms) 14.0 +~$420M or 350 & EBITDA % (~$12M) & +18% 340 (240bps) 13.5 2,775 330 12.8% 13.0 12.7% 320 2,554 12.5 310 305 300 302 300 12.0 2,405 2,354 290 288 11.8% 11.5 280 11.0 270 260 10.5 10.4% 250 10.0 2018 2019 2021
Slide 9: BrightView's Refreshed Focus…
BrightView’s Refreshed Focus… Increased Employee & Customer Focus, While Delivering Record EBITDA Not Growing Results Profitability, Combined Two Limited Cash, Legacy Stuck In Place Top-Line Growth Companies Fueling to Create a Transformation National Presence New Leadership, One Rock Partnership, N
Slide 10: …Positions BrightView for Long Term Profitable Growth
…Positions BrightView for Long Term Profitable Growth Prioritizing our employees and a customer-centric focus producing momentum Revenue ($Ms) Headwinds are timing 2026 Revenue Guidance Assumptions Maintenance Land Growth: ~ +2% to ~ +3% Adj. EBITDA ($Ms) & EBITDA % related and should not be Develop
Slide 11: Continuing To Prioritize Our Employees
BECOMING THE EMPLOYER OF Continuing To Prioritize Our Employees (from May ’26 Earnings Call) CHOICE Prioritizing and investing in our front line delivers sequential employee turnover improvement Trucks / Flexible Employee PTO Mowers Schedules Wellness Boots Service HRIS Advanced Hours Pay TTM Frontl
Slide 12: Continuing To Deliver Best in Class Customer Service
Continuing To Deliver Best in Class Customer Service CUSTOMER CENTRIC FOCUS (from May ’26 Earnings Call) Unwavering customer service yields sequential customer retention improvement Reduced Improved Consistent & Efficient / Turnover Communication Reliable Service Unified TTM Land Maintenance Custome
Slide 13: Land Contract Business Continues Building Momentum
Land Contract Business Continues Building Momentum (from May ’26 Earnings Call) Customer retention & salesforce ramp drive leading indicator of future growth Improved Customer Retention Salesforce Hiring Ramp Growing Net New Sales Land Contract Book of Business*** * Ending Annualized Land Maintenanc
Slide 14: Driving Profitable Growth in 2026 & Beyond
Driving Profitable Growth in 2026 & Beyond (from May ’26 Earnings Call) Foundation in place to deliver top line profitable growth and shareholder value 2024 – 2025: Solidifying Foundation of Our Business Focus for 2026 & Beyond: Driving Profitable Growth Continue Drive Further Explore M&A Prioritizi
Slide 15: 2030 Aspirational Targets
2030 Aspirational Targets (from February ’25 Investor Day) Clear path to KEY INVESTMENT HIGHLIGHTS achieve long-term ~$4B*+ ~$650M+ Market leader with size, Prioritizing our employees targets and drive Total Revenue Adjusted EBITDA scale and strategy to to become employer and shareholder value compo
Slide 16: Appendix
Appendix 16
Slide 17: Updating FY 2026 Guidance
Updating FY 2026 Guidance (from May ’26 Earnings Call) Raising FY26 Total and Land Maintenance revenue guidance Current Prior Guidance Guidance Guidance Assumptions Total $2.745B – $2.670B – Revenue $2.795B $2.730B Current Prior Maintenance Land Growth ~ +2% to ~ +3% ~ +1% to ~ +2% Adjusted Revenue
Slide 18: Guidance Reconciliation
Guidance Reconciliation (from May ’26 Earnings Call) Excludes potential fuel cost volatility; reference slide 19 for details A B C D Original Guidance Updated Guidance Revenue Assumptions 2H Implied Math Low High Low High Low High 1H Actual Low High FY'25 2,673 2,673 2,673 2,673 1,262 1,411 1,411 La
Slide 19: Fuel Impact Update
Fuel Impact Update (from May ’26 Earnings Call) Fuel partially hedged, but does not eliminate exposure to fluctuating prices Fuel Consumption BV Fuel Prices** Potential Exposure Fuel Price Volatility Scenarios Time Horizon* Est. Cost Impact 1 Month ~$1.5M 3 Months ~$4.5M 6 Months ~$9.0M ~20M Gallons
Slide 20: Improving Retention Across Our Branch Network
CUSTOMER CENTRIC Improving Retention Across Our Branch Network (from May ’26 Earnings Call) FOCUS Customer centric focus driving higher concentration of branches with 90+% retention TTM Customer Retention – Branch Segmentation +10ppt vs. FY24 +15ppt vs. FY24 20
Slide 21: Development Update
Development Update (from May ’26 Earnings Call) Strong bookings momentum underpins future revenue growth Driving leading Development 6 cold starts Cold starts to drive indicator of sellers ~40 opened… multi-segment Development (+50% YoY) 5 more underway revenue growth growth State with Development S
Slide 22: Record Snowfall Drives Strategic Priorities
Record Snowfall Drives Strategic Priorities (from May ’26 Earnings Call) Outsized snow revenue funds investments in sellers & rebalancing of snow contract book Shifting toward fixed Record snowfall across core contracts to increase snow markets in 1H26 predictability Incremental Flowthrough Invested
Slide 23: Favorable Debt Structure & Ample Liquidity
Favorable Debt Structure & Ample Liquidity (from May ’26 Earnings Call) No Long-Term Maturities Until 2029 Liquidity of $650M1 Average Cost of Capital: ~5.5%2 Fixed vs Floating Debt Ratio ~75%/25% Management of Long-Term Maturity Towers (1) Includes total cash, cash equivalents and availability unde
Slide 24: Share Repurchase Summary
Share Repurchase Summary (from May ’26 Earnings Call) ~$45M Shares Repurchased of $150M Share Repurchase Authorization Rounded figures, please see latest 10Q & prior filings for details 24 24
Slide 25: Leadership
Leadership Inspiring & Unifying ~18,000 Employees to Operate as One BrightView DALE ASPLUND BRETT URBAN MANDY ORDERS MICHAEL DOZIER JONATHAN GOTTSEGEN Chief Executive Officer Chief Financial Officer Chief Human Chief Commercial Officer Chief Legal Officer & Resources Officer Corporate Secretary Sale
Slide 26: Path to ~$4B in Revenue
Path to ~$4B in Revenue (from February ’25 Investor Day) 1 Land Maintenance ~3% to ~6% Growth per Annum (Retention, Route Density, Cross Selling, Ancillary Offerings) 2 Development ~4% to ~5% Growth per Annum (Continued momentum in backlog) 3 Accretive M&A ~$400M to ~$500M in Accretive Mergers & Acq
Slide 27: Path to 16%+ EBITDA Margins
Path to 16%+ EBITDA Margins (from February ’25 Investor Day) 1 Top-Line Growth ~20%+ Flowthrough on Top-Line Growth Drivers 2 Efficiencies +~250bps margin expansion driven by FSM*, procurement, fleet & SG&A leverage 3 Accretive M&A Flowthrough on ~$450M of Accretive Mergers & Acquisitions 12.3% CAGR
Slide 28: Non-GAAP to GAAP Reconciliation
Non-GAAP to GAAP Reconciliation Fiscal Year Ended September 30 (In millions) 2025 2024 2023 2022 2021 2020 2019 2018 Adjusted EBITDA Net income (loss) $ 56.0 $ 66.4 $ (7.7) $ 14.0 $ 46.3 $ (41.6) $ 44.4 $ (15.1) Plus: Interest expense, net 53.7 62.4 97.4 53.3 42.3 64.6 72.5 97.8 Income tax expense (
Slide 29: Non-GAAP to GAAP Reconciliation (cont.)
Non-GAAP to GAAP Reconciliation (cont.) Total Financial De bt and Total Ne t Financial De bt Fiscal Ye ar Ende d Se pte mbe r 30 (In millions) 2025 2024 2023 2022 2021 2020 2019 2018 Long-term debt, net $ 790.2 $ 802.5 $ 888.1 $ 1,330.7 $ 1,130.6 $ 1,127.5 $ 1,134.2 $ 1,141.3 Plus: Current portion o
Slide 30: Thank you
BrightView P Inspiring People. Nurturing Landscapes. Thank you BV LISTED NYSE
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