Slide 1: Q1 FY'26 Earnings
Q1 FY’26 Earnings AUGUST 6, 2025 August 2025 © 2025 EnerSys. All Rights Reserved.
Slide 2: Forward Looking Statements
Forward Looking Statements As a reminder, we will be presenting certain forward-looking statements on this call 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 actual re
Slide 3: Q1 FY'26 Overview
Q1 FY’26 Overview S H AW N O ' C O N N E L L PRESIDENT AND CHIEF EXECUTIVE OFFICER August 2025 © 2025 EnerSys. All Rights Reserved.
Slide 4: Q1'26 Call Highlights
Q1’26 Call Highlights Introducing EnerGize, our strategic framework to transform and grow our company Q1’26 net sales +5% Y/Y and adjusted EPS1 ex 45X benefits (6%) on FX pressure Managing tariff uncertainty well and benefiting from the strength of diverse end markets Returned $159M to shareholders
Slide 5: Introducing EnerGize: Strategic Framework to Transform and Grow
Introducing EnerGize Strategic Framework to Transform and Grow OPTIMIZE INVIGORATE ACCELERATE Our Core Our Operating Model Our Growth 1 2 3 • Restructuring for operational • Enhancing strategic planning • Leveraging leading market positions efficiency and effectiveness processes and operational to g
Slide 6: Optimizing our Core: Centers of Excellence
Optimizing our Core: Centers of Excellence D E L I V E R I N G VA L U E T O C U S T O M E R S • Drives global operational consistency across all our lead acid and TPPL plants Lead Acid • Improves productivity and enhances delivery reliability to our customers CoE • Optimizes our more stable, capital
Slide 7: Accelerate Growth: Advancing Core Growth Vectors
Accelerate Growth: Advancing Core Growth Vectors S T R AT E G I C B O LT - O N A C Q U I S I T I O N • Combined with Bren-Tronics, offers a fully integrated portfolio designed to meet the evolving demands of modern military operations • Specializes in cost-effective, technology-driven lithium-ion ba
Slide 8: Q1'26 Performance
Q1’26 Performance A D J U S T E D E P S E X 4 5 X $ 1 . 11 D O W N ( 6 % ) Y / Y O N F X P R E S S U R E $893M $114M $123M $2.08 ($32M) Net Adj Op Adj Adj Free Cash Sales Earnings1,2 EBITDA1,2 EPS1,2 Flow1,3 +5% Y/Y +8% Y/Y +2% Y/Y +5% Y/Y ($6M) Y/Y +4% Y/Y ex 45X (4%) Y/Y ex 45X (6%) Y/Y ex 45X Gro
Slide 9: Tariff Landscape & Mitigation
Tariff Landscape & Mitigation TAR I F F E X P O S U R E 1 M I T I G AT I O N & AC T I O N S • Dedicated Tariff Task Force in place O R I G I N O F U S S U P P LY S O U R C E S • Proactively assessing and mitigating: • ~$94M current direct tariff exposure ‒ Direct tariff and inflation pressures • ~65
Slide 10: Demand Trends
Demand Trends O R D E R PAT T E R N S I N D I C AT I V E O F O N G O I N G S T E A D Y G R O W T H Orders1 Book to Bill1 Backlog1 .95 1.03 999 916 982 820 Book to Bill1 0.89 Total Company 0.87 1.08 1.02 1.03 0.95 0.91 1.04 0.92 Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 MP ES SP MP ES SP MP ES SP • Q1’26 o
Slide 11: Q1'26 Financial Results Q2'26 Outlook
Q1’26 Financial Results Q2’26 Outlook ANDI FUNK EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER August 2025 © 2025 EnerSys. All Rights Reserved.
Slide 12: Q1'26 Results
Q1’26 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 $114 $106 $853 $893 12.4% 12.8% Y/Y %Δ Volume (1%) Price/mix +1% Acquisition +4% $73 $76 FX +1% ex 45X ex 45X Total +5% 8.6% 8.5% Q1'25 Q1'26 Q1'25 Q1'26 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 $121 $123 $1.98 $2.
Slide 13: Q1'26 Business Segment Financials
Q1’26 Business Segment Financials Adj Op Adj OE Energy Systems Net Sales ($M and Y/Y %) Earnings1 Margin1 • Data Center growth and ongoing recovery in U.S. Communications, partially offset by EMEA weakness Energy $391 Volume +5% $27.4 7.0% Price/mix +2% Systems +8% FX +1% +44% +170 bps • Realizing b
Slide 14: Balance Sheet, Cash Flow and Leverage
Balance Sheet, Cash Flow and Leverage S E L E C T E D B AL AN C E S H E E T M E T R I C S 1 S E L E C T E D C AS H F L O W M E T R I C S 2 ($M) Q4’25 Q1’26 ($M) Q1’25 Q1’26 Cash and Cash Equivalents $343 $347 Cash Flow from Operations $10 $1 Net Debt3 $781 $964 CapEx ($36) ($33) Net Leverage Ratio3
Slide 15: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Priorities Q1’26 Future Priorities • Deliver more end-to-end solutions Invest in Organic Growth • Enhance disciplined ROIC thresholds $33M (CapEx) • Optimize EOS to drive additional operational efficiencies • Progress domestic-sourced lithium strategy • Focuse
Slide 16: Looking Ahead: Q2'26 Guidance
Looking Ahead: Q2’26 Guidance Q U A N T I F I E D F U L L Y E A R G U I D A N C E PA U S E D AS S U M P T I O N S Y/Y CHANGE Q 2 ’ 2 6 G U I D AN C E 1 (AT M IDPOINT OF Q2’26 GUIDANCE) • ES: Strong Data Center demand and steady Communications Net Sales $870M – $910M flat market recovery • MP: Demand
Slide 17: Q&A
Q&A August 2025 © 2025 EnerSys. All Rights Reserved.
Slide 18: Appendix
Appendix August 2025 © 2025 EnerSys. All Rights Reserved.
Slide 19: Non-GAAP Reconciliations
Non-GAAP Reconciliations August 2025 © 2025 EnerSys. All Rights Reserved.
Slide 20: Non-GAAP Reconciliation: Quarterly Adjusted Operating Earnings
Non-GAAP Reconciliation Q U A R T E R LY A D J U S T E D O P E R AT I N G E A R N I N G S August 2025 © 2025 EnerSys. All Rights Reserved. 20
Slide 21: Non-GAAP Reconciliation: Adjusted EBITDA
Non-GAAP Reconciliation ADJUSTED EBITDA August 2025 © 2025 EnerSys. All Rights Reserved. 21
Slide 22: Non-GAAP Reconciliation: Quarterly Adjusted Diluted EPS
Non-GAAP Reconciliation Q U A R T E R LY A D J U S T E D D I L U T E D E P S August 2025 © 2025 EnerSys. All Rights Reserved. 22
Slide 23: Non-GAAP Reconciliation: Quarterly Adjusted Diluted EPS Continued
Non-GAAP Reconciliation Q U A R T E R LY A D J U S T E D D I L U T E D E P S C O N T I N U E D The following table provides the line of business allocation of the non-GAAP adjustments of items relating to operating earnings (that are allocated to lines of business) shown in the reconciliation prior:
Slide 24: Non-GAAP Reconciliation: Leverage Ratio by Year
Non-GAAP Reconciliation L E V E R A G E R AT I O B Y Y E A R (1) The $56.2 million adjustment to EBITDA in the last twelve months ending March 31, 2025 primarily related to $27.8 million of non-cash stock compensation, $22.0 million of restructuring and other exit charges, impairment of indefinite-l
Slide 25: Non-GAAP Reconciliation: Leverage Ratio by Quarter
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 $67.4 million adjustment to EBITDA in the last twelve months ending June 29, 2025 primarily related to $38.4 million of non-cash stock compensation, $22.7 million of restructuring and other exit charges, impairment of indefini
Slide 26: Non-GAAP Reconciliation: Free Cash Flow
Non-GAAP Reconciliation FREE CASH FLOW August 2025 © 2025 EnerSys. All Rights Reserved. 26
Slide 27: Non-GAAP Reconciliation: Gross Profit and Gross Margin ex 45X
Non-GAAP Reconciliation GROSS PROFIT AND GROSS MARGIN EX 45X August 2025 © 2025 EnerSys. All Rights Reserved. 27
Slide 28: Key Performance Indicator: Primary Operating Capital
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 29: Thank you.
Thank you. For more information visit us at www.enersys.com August 2025 © 2025 EnerSys. All Rights Reserved. Trademarks and logos are property of EnerSys and its affiliates unless otherwise noted. Subject to revisions without prior notice. E.&O.E.