Brightview Holdings, Inc. · NYSE:BV
Brightview — Q3 2026 Earnings Presentation
27 slides from Brightview's earnings presentation, Aug 5, 2026
Slide 1: Third Quarter 2026 Earnings Call
Third Quarter 2026 Earnings Call August 5, 2026 NYSE: BV
Slide 2: Introductory Information
Introductory Information Forward Looking Statements generate sufficient cash flow to satisfy our significant debt service obligations; the incurrence of substantially more This presentation contains “forward-looking statements” within the meaning of the safe harbor provision of the U.S. debt, includ
Slide 3: Executive Summary
Executive Summary Dale Asplund | President & Chief Executive Officer 3Q FY2026 Earnings Presentation | 3
Slide 4: Key Operational & Financial Highlights
Key Operational & Financial Highlights One BrightView strategy continues to drive transformation Q3 Executive Summary Second consecutive quarter of Land revenue growth underpinned by solidified foundation Fifth Consecutive quarter of Land contract book of business growth Q3 Adj. EBITDA ~ $96M; inclu
Slide 5: Prioritizing Employees & Delivering for Our Customers
BECOMING THE CUSTOMER EMPLOYER OF CENTRIC CHOICE FOCUS Prioritizing Employees & Delivering for Our Customers Our people-first strategy continues to drive lower front line turnover & higher customer retention PRIORITIZING OUR EMPLOYEES DELIVERING FOR OUR CUSTOMERS Trucks / Flexible Employee Reduced I
Slide 6: Improving Retention Across Our Branch Network
CUSTOMER CENTRIC Improving Retention Across Our Branch Network FOCUS Customer centric focus driving higher concentration of branches with 85+% retention TTM Customer Retention – Branch Segmentation +15ppt vs. FY24 +10ppt vs. FY24 ~200 Maintenance Branches 3Q FY2026 Earnings Presentation | 6
Slide 7: Retention Accelerates Profitable Growth
CUSTOMER CENTRIC Retention Accelerates Profitable Growth FOCUS Customer retention is directly correlated to growing branches Branches with Higher Retention Have Higher Contract Growth ~200 Maintenance Branches * ~11% of Land Maintenance Contract Revenue below 75% Retention 3Q FY2026 Earnings Present
Slide 8: Growing Net New Driving Momentum in Contract Book
Growing Net New Driving Momentum in Contract Book Contract book growth is catalyst to sustainable recurring revenue growth Growing Net New Sales Improved Customer Retention Salesforce Hiring Ramp & Contract Book CONTRACT BOOK GROWTH LAND REVENUE * Ending Annualized Land Maintenance Contract Values *
Slide 9: Salesforce investment driving measurable results
Salesforce investment driving measurable results New sellers ramping productivity and providing runway for profitable growth Net New New Contract Contract Book Land Sellers Sales* Growth Revenue +~200 +~20% +~4% +~$15M Since FY24 YTD Since 2Q25 YTD Productivity Run-Rate By Tenure** 0-6 months 6-12 m
Slide 10: 3Q Fuel Impact Update
3Q Fuel Impact Update Fuel hedges and operational execution continue to mitigate the impact of elevated prices BV Fuel Prices* Fuel Cost Management Mitigating Factors Refreshed Fleet & Technology Newer Fleet & leveraging route-based technology led to ~10% less consumption Fuel Hedges Proactive fuel
Slide 11: Positioned for continued profitable growth
Positioned for continued profitable growth Multiple strategic levers to drive long-term shareholder value Sustainable Profitable Growth Continue accelerating Unlocking Size & Scale salesforce ramp up Delivering Best In Class Refreshed aging fleet Bolster contract business Customer Service through ne
Slide 12: Financial Review & Outlook
Financial Review & Outlook Brett Urban | Chief Financial Officer 3Q FY2026 Earnings Presentation | 12
Slide 13: 3Q26 Revenue
3Q26 Revenue $MMs Totals may not sum due to intercompany eliminations $MMs 3Q26 3Q25 Commentary Total Revenue $717.6 $708.3 • ~1.3% increase Land $514.5 $502.8 • ~2.3% increase Snow $3.4 $5.9 Total Maintenance Services $517.9 $508.8 • ~1.8% increase Development Services $201.9 $201.3 • ~0.3% increas
Slide 14: 3Q26 Adjusted EBITDA
3Q26 Adjusted EBITDA Continued EBITDA growth excluding the impact of fuel & self-insurance adjustment $MMs Minor differences may exist due to rounding $MMs 3Q26 3Q25 Commentary Total Adjusted EBITDA $96.1 $113.2 Includes ~$20M Non-Routine* Costs Maintenance Services $63.0 $81.7 Includes ~$17M Non-Ro
Slide 15: Non-Routine Self-Insurance Adjustment
Non-Routine Self-Insurance Adjustment Reflects adverse development & resolution of older claims (prior to 2024) -1 Hired new safety leaders Uptick in claims & -2 Drive safety first culture undisciplined resolution led to aging old claims -3 Deployed cameras in vehicles -4 Reduced front-line turnover
Slide 16: Updating FY 2026 Guidance
Updating FY 2026 Guidance Reaffirming mid-point of Land revenue Current Guidance Adj. EBITDA Guidance Reconciliation Total Revenue $2.750B – $2.780B Land ~ +2% to ~ +3% Revenue Snow ~$290M Assumptions Development ~ (5%) to ~ (3%) Adjusted EBITDA $340M – $345M ~2/3 Annualized Impact Adj. Free Cash Fl
Slide 17: Favorable Debt Structure & Ample Liquidity
Favorable Debt Structure & Ample Liquidity Successfully Extended our Entire Debt Maturity Profile No Long-Term Maturities Until 2033 Liquidity of ~$600M1 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 equiva
Slide 18: Continued Execution of Our Long-Term Strategy
Continued Execution of Our Long-Term Strategy Remained Focused on Sustainable Profitable Growth & Shareholder Value Creation 2027 Preview Continued transformation & execution of L/T strategy Accelerated momentum in recurring land business (~MSD) Further margin expansion through ops efficiencies / Si
Slide 19: One BrightView Driving Long-Term Profitable Growth
One BrightView Driving Long-Term Profitable Growth Reaffirming our commitment to Long-Term Growth Targets 2030 Aspirational Targets1 BECOMING THE EMPLOYER OF UNLOCKING SIZE AND ~$4B*+ ~$650M*+ CHOICE SCALE Total Revenue Adjusted EBITDA ~16%+ ~40%+ Adjusted EBITDA Free Cash Flow Margins Conversion**
Slide 20: Questions & Answers
QUESTIONS & ANSWERS 3Q FY2026 Earnings Presentation | 20
Slide 21: Appendix
Appendix 3Q FY2026 Earnings Presentation | 21
Slide 22: Share Repurchase Summary
Share Repurchase Summary ~$53M Shares Repurchased of $150M Share Repurchase Authorization Rounded figures, please see latest 10Q & prior filings for details 3Q FY2026 Earnings Presentation | 22
Slide 23: Revenue Guidance Reconciliation
Revenue Guidance Reconciliation FY26 Revenue Guidance Implied Q4 Revenue Guidance Land Snow Dev't Total* Land Snow Dev't Total* FY'25 1,680 211 789 2,673 Q4'25 480 0 224 703 Ranges Ranges Low-End 2% 39% (5%) 3% Low-End 3% 0% (3%) 2% High-End 3% 39% (3%) 4% High-End 6% 0% 5% 6% Low-End 1,715 290 750
Slide 24: Q3 EBITDA Reconciliation
Q3 EBITDA Reconciliation Q3 EBITDA Bridge Q3'26 Q3'26 Self- Total Non- EBITDA ex. EBITDA YoY EBITDA $ YoY EBITDA Q3'26 Fuel Adjusted Adjusted Insurance Routine Non-Routine Margin ex. ex. Non- Margin ex. Revenue* Costs EBITDA* Margin* Adj. Costs Costs Non-Routine Routine Non-Routine Maintenance Servi
Slide 25: Non-GAAP to GAAP Reconciliation
Non-GAAP to GAAP Reconciliation 3Q FY2026 Earnings Presentation | 25
Slide 26: Non-GAAP to GAAP Reconciliation (con’t.)
Non-GAAP to GAAP Reconciliation (con’t.) 3Q FY2026 Earnings Presentation | 26
Slide 27: Non-GAAP to GAAP Reconciliation (con’t.)
Non-GAAP to GAAP Reconciliation (con’t.) 3Q FY2026 Earnings Presentation | 27