EnerSys · NYSE:ENS

EnerSys — Investor Presentation (February 2025)

50 slides from EnerSys's investor presentation, February 2025

Slide 2: Forward Looking Statements
Forward Looking Statements As a reminder, we will be presenting certain forward-looking statements in this presentation 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 a
Slide 3: EnerSys at a Glance
EnerSys at a Glance F Y 2 0 2 4 K E Y S TAT I S T I C S 1 $4.1B $450M $507M $8.35 10K+ Market Cap2 Adj. Operating Earnings3 Adj. EBITDA3 Adj. Diluted EPS3 Customers G L O B AL FAC I L I T Y B AS E 4 F Y 2 0 2 4 N E T S AL E S $3.6B Business Geography Segments 6% 15% 22% 44% 72% 41% Energy Systems Am
Slide 4: Well-Positioned for Long-Term Profitable Growth
Well-Positioned for Long-Term Profitable Growth Provider of highly differentiated energy solutions with 1 full suite of technologies for diverse end markets Strategically aligned with megatrends in 2 large and growing markets Resilient business model positioned for strong cash 3 flow generation, pro
Slide 5: Energized Leadership Team Focused on Execution and Accountability
Energized Leadership Team Focused on Execution and Accountability HIGHLIGHTS Dave Shaffer Shawn O’Connell Patrice Baumann Keith Fisher Andi Funk Jamie Gebbia ✓ Cultivating a high- Chief Executive Officer President and COO Chief Integrated President, EVP and CFO VP Corporate and performance culture J
Slide 6: Experienced Board of Directors
Experienced Board of Directors S K I L L S M AT R I X Paul Tufano Caroline Chan Steven Fludder Non-Executive Chair of the VP and General Manager Former CEO, Executive Leadership 100% Board of Directors, EnerSys Network Business Incubator LS Energy Solutions LLC 2015 Division, Intel 2020 Internationa
Slide 7: Empowering Our Team to Innovate and Deliver Differentiated Solutions
Empowering Our Team to Innovate and Deliver Differentiated Solutions MISSION VISION Providing people everywhere with Serving the global community accessible power to help them with mission-critical work and live better stored energy solutions VAL U E S - D R I V E N C U LT U R E Safety & Our Continu
Slide 8: Executing Our Strategic Vision | Significantly Transformed Portfolio
Executing Our Strategic Vision | Significantly Transformed Portfolio • Improved new product TO D AY • Established vision- • Integrated Alpha and development time driven culture NorthStar acquisitions • Expanded product Innovating, Optimizing, • Built teams to execute • Deepened capabilities lines an
Slide 9: Product Portfolio Evolution
Product Portfolio Evolution | Transformed to End-to-End Energy Solutions Provider N ET SA LES MIX ($B) H IG H L IGH T S 1 $3.6 $3.1 110 New Product Introductions 45% $2.4 56% 3.5x Faster New Product Development Time 73% 55% 75 44% 27% UL Approvals FY'17 FY'20 FY'24 Maintenance-free, Systems, and Ser
Slide 10: Business Segments
Business Segments ENERGY SYSTEMS NEW VENTURES Power conversion, power distribution, Energy storage and management and energy storage solutions systems for demand charge s New • Communications stem V reduction, utility back-up power, Sy Elite Service s and dynamic fast charging en • Data Centers Pow
Slide 11: Foundational Core Modular Platforms
Foundational Core Modular Platforms E N E R G Y S TO R AG E POWER ELECTRONICS Lithium-ion • Advanced, high-efficiency power conversion • Maintenance-free • High voltage power transfer with power • Longer cycle life ems Ne line communication for 5G small cells • Fastest charge rate st Servic w V Sy E
Slide 12: Addressing Global Megatrends in Attractive and Diverse End Markets
Addressing Global Megatrends in Attractive and Diverse End Markets Energy • Modernizing energy grids, storage, and distribution Transition • Shifting market to EVs ~$30B+ Serviceable Energy • Increasing resiliency of electrical infrastructure and grid Addressable Market1 Security • Growing need for
Slide 13: Leveraging Our Sustainable Competitive Advantages
Leveraging Our Sustainable Competitive Advantages Deep Customer Domain Modular Resilient Operational Relationships Expertise Technology Business Model Excellence Customer-centric Product and company Only fully integrated Large, diverse end- Continuous improvement end-to-end solutions differentiation
Slide 14: Strategic Priorities Driving Long Term Growth
Strategic Priorities Driving Long Term Growth Increasing Higher Value Solutions • Customer-centric NPIs (volume and mix) Innovate • State-of-the-art technology Compounding Value Creation • Organic hardware and software • Fast Charge and Storage (FC&S) • Scalable projects across Energy Systems, Motiv
Slide 15: Our Sustainability Goals & Commitments
Our Sustainability Goals & Commitments GOALS & PROGRESS GHG EMISSIONS GOALS ENERGY WATER WASTE EMPLOYER OF SCOPE SCOPE 1: 1: CO2 neutral by CO2 Reduce energy Reduce water intensity We are working to CHOICE 2040 CO2 neutral by 2040 intensity per kWh of per kWh of storage establish a measurable Become
Slide 16: Sustainability of Products and Services
Sustainability of Products and Services • Driving profitability and growth, with focus on energy transition, electrification, and customer decarbonization goals • Improving products and services for customers’ sustainability needs • Leveraging online customer portal to optimize battery recycling, re
Slide 17: Energy Systems at a Glance
Energy Systems at a Glance FY 2024 KEY STATISTICS1 Net Adj. Operating Global Customers Market Share Sales Earnings2 Installed Base $1.6B $87M 1M+ Multi-National North America - leading market position Systems in Operation Blue Chip Global - high growth opportunities Serving Diverse and Critical End
Slide 18: Well-Positioned to Grow in Attractive Addressable Markets
Well-Positioned to Grow in Attractive Addressable Markets DRIVERS $400B+ M AR K E T D Y N AM I C S Total Global Network Resilient Power Everywhere Infrastructure Market • Network expansion and capex funded build programs • Ongoing operational ~$20B+ maintenance of networks and facilities Serviceable
Slide 19: Motive Power at a Glance
Motive Power at a Glance FY 2024 KEY STATISTICS1 Installed Base Net Adj. Operating Global Global Charge Countries Sales Earnings2 Market Share Points $1.5B $215M ~500K 121 ~22% Solutions Utilized by Electric Forklifts, Mining, and Other Commercial Electric-Powered Vehicles B R AN D S / P R O D U C T
Slide 20: Well-Positioned to Grow at or Above Market
Well-Positioned to Grow at or Above Market DRIVERS F U T U R E S TAT E Fully-Automated Warehouse Electrification • Decarbonization ~$6.8B • Environmental health and safety Serviceable • Lower cost of operation vs. ICE • Lithium technology enablement Addressable Market Automation • Operational effici
Slide 21: Specialty at a Glance
Specialty at a Glance FY 2024 KEY STATISTICS1 Net Adj. Operating Transportation Customers Market Share3 Sales Earnings2 Installed Base3 Served $536M $31M 1.8M 700+ 30% Trucks U.S. OEM Truck Market T R A N S P O R TAT I O N A E R O S PA C E A N D D E F E N S E 40% Key Innovations Revenue by Key Innov
Slide 22: Positioned to Further Capture Share in Large and Attractive Markets
Positioned to Further Capture Share in Large and Attractive Markets DRIVERS M AR K E T D Y N AM I C S High-Density Resilient Power • Increasing fleet electronic loads – Vehicle tracking systems ~$3.1B • Currently 9% of SAM • 31% OEM – Audio / infotainment / GPS – Stop - start Serviceable • 30% OES –
Slide 23: Bren-Tronics Acquisition Closed July 26, 2024
Bren-Tronics Acquisition Closed July 26, 2024 E X PA N D S P R E S E N C E I N C R I T I C A L D E F E N S E A P P L I C AT I O N S HIGHLIGHTS • Legacy of innovation since 1973 and strong relationship with DOD • Highly complementary portfolio of products for military and defense • Strong engineering
Slide 24: Powering the Future through Energy Management Capabilities
Powering the Future through Energy Management Capabilities S M AR T E N E R G Y L O AD & E N E R G Y E C O S Y S T E M System Input System Output Grocery Stores Commercial Solar Fast Charge & Storage 600kW Lithium-Ion Batteries EV-Pedestal 150kW Commercial Buildings and Multi-Family Units Grid Peak
Slide 25: Accelerating Innovation with Energy Storage and Fast Charge
Accelerating Innovation with Energy Storage and Fast Charge E N D - TO - E N D S O L U T I O N KEY BENEFITS • Storage technologies boost energy load capabilities and increase cost savings • Smart energy and load management ecosystem for reliable fast charging solutions • Modularity allows growth wit
Slide 26: Significant Opportunity in Attractive and Growing Markets
Significant Opportunity in Attractive and Growing Markets TAR G E T M AR K E T M AR K E T P U B L I C D C C H AR G E R S 1 OPPORTUNITY $217B U.S. CHARGER DEMAND 2 27.5 (M) 1.3 Global Public DCFC Hardware 0.7 Spend Estimate 2022 – 2030 0.6 0.5 0.5 0.1 0.1 0.1 0.0 $7.5B+ Residential Retail & On-the-Go
Slide 27: New Lithium-Ion Cell Gigafactory
New Lithium-Ion Cell Gigafactory CONSTRUCTION TO BEGIN FY’26 Image: Artist Rendition Project Overview Strategic and Financial Benefits Financial Highlights • 500,000 square foot, 5GWh ✓ Supports mix shift to higher performance Capital Investment capacity, lithium-ion cell lithium solutions • $665M c
Slide 28: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy FY’21 – FY’24 YTD FY’25 Priorities ($M, cumulative) ($M) Future Priorities • Continue TPPL capacity investments & end-to-end solutions Invest in Organic Growth ~$320 $91 • Optimize EOS to drive additional operational efficiencies (CapEx) • Accelerate domestic-
Slide 29: Looking Ahead: Q4'25 and FY'25 Guidance
Looking Ahead: Q4’25 and FY’25 Guidance AS S U M P T I O N S Q4’25 FY’25 $3,603M – $3,643M Q4’25 Net Sales $960M – $1,000M Prev. $3,675M – $3,765M • Higher volume across all lines of business • ES: demand steadily improving in U.S. Communications Adj. EPS1 $2.75 – $2.85 $9.97 – $10.07 market and opt
Slide 30: Compelling Investment Thesis
Compelling Investment Thesis 1 2 3 Strategically positioned in Transformed company expanding markets driven Invigorated leadership delivering innovative by global megatrends team executing a clear solutions and defining the strategy for accelerated future of energy transition earnings growth Playing
Slide 32: Inflation Reduction Act (IRA) Enables…
Inflation Reduction Act (IRA) Enables… B AC K G R O U N D ENERSYS COMMITMENT AN N U AL B E N E F I T S 1 $369B in New Tax Credits Accelerating Lithium Strategy Recorded as reduction to COGS • Law in effect 1/1/23 - 12/31/32 with • Invest in U.S. domestic energy growth ‒ Securing domestic lithium cel
Slide 34: Q3'25 Performance
Q3’25 Performance $906M $155M $171M $3.12 $57M Net Sales Adj Op Adj Adj EPS1,2 Free Cash Earnings1,2 EBITDA1,2 Flow1 +5% Y/Y +19% Y/Y +19% Y/Y +22% Y/Y ($55M) Y/Y Adj Op Earnings1 Adj EBITDA1 Margin of 17.1% Margin of 18.9% Adjusted Gross Profit1 Margin of 33.0% up +230bps Y/Y; up +80bps ex IRA 1) N
Slide 35: Q3'25 Results
Q3’25 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 $155 $862 $906 $130 Q3’24 Q3’25 Y/Y Change includes includes +2% volume $59M IRA 17.1% $75M IRA 15.1% +2% price benefit, benefit, +3% acquisition $29M $36M (2%) FX retroactive retroactive Q3'24 Q3'25 Q3'24 Q3'25 AD J E B I T D A 1 &
Slide 36: Balance Sheet, Cash Flow and Leverage
Balance Sheet, Cash Flow and Leverage S E L E C T E D B AL AN C E S H E E T M E T R I C S 1 S E L E C T E D C AS H F L O W M E T R I C S 2 ($M) Q4’24 Q3’25 ($M) Q3’24 Q3’25 Cash and Cash Equivalents $333 $463 Cash Flow from Operations $135 $81 Net Debt3 $511 $852 Net Leverage Ratio3 1.0x 1.5x CapEx
Slide 38: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures This presentation contains financial information determined by methods other than in accordance with U.S. Generally Accepted Accounting Principles, ("GAAP"). EnerSys' management uses the non-GAAP financial measures “adjusted Net earnings”, “adju
Slide 45: Non-GAAP Reconciliation
Non-GAAP Reconciliation L E V E R A G E R AT I O B Y Y E A R (1) The $85.8 million adjustment to EBITDA in the last twelve months ending March 31, 2024 primarily related to $30.6 million of non-cash stock compensation, $40.7 million of restructuring and other exit charges, impairment of indefinite-l
Slide 46: Non-GAAP Reconciliation
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 $52.6 million adjustment to EBITDA in the last twelve months ending December 29, 2024 primarily related to $28.0 million of non-cash stock compensation, $19.8 million of restructuring and other exit charges, impairment of ind
Slide 49: Key Performance Indicator
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 50: Thank you.
Thank For more you. information visit us at www.enersys.com Thank you. For more information visit us at www.enersys.com

EnerSys — Investor Presentation (February 2025) on 6ix

EnerSys — Investor Presentation (February 2025)

Slide 1: Investor Presentation February 2025

Slide 2: Forward Looking Statements

Slide 3: EnerSys at a Glance

Slide 4: Well-Positioned for Long-Term Profitable Growth

Slide 5: Energized Leadership Team Focused on Execution and Accountability

Slide 6: Experienced Board of Directors

Slide 7: Empowering Our Team to Innovate and Deliver Differentiated Solutions

Slide 8: Executing Our Strategic Vision | Significantly Transformed Portfolio

Slide 9: Product Portfolio Evolution

Slide 10: Business Segments

Slide 11: Foundational Core Modular Platforms

Slide 12: Addressing Global Megatrends in Attractive and Diverse End Markets

Slide 13: Leveraging Our Sustainable Competitive Advantages

Slide 14: Strategic Priorities Driving Long Term Growth

Slide 15: Our Sustainability Goals & Commitments

Slide 16: Sustainability of Products and Services

Slide 17: Energy Systems at a Glance

Slide 18: Well-Positioned to Grow in Attractive Addressable Markets

Slide 19: Motive Power at a Glance

Slide 20: Well-Positioned to Grow at or Above Market

Slide 21: Specialty at a Glance

Slide 22: Positioned to Further Capture Share in Large and Attractive Markets

Slide 23: Bren-Tronics Acquisition Closed July 26, 2024

Slide 24: Powering the Future through Energy Management Capabilities

Slide 25: Accelerating Innovation with Energy Storage and Fast Charge

Slide 26: Significant Opportunity in Attractive and Growing Markets

Slide 27: New Lithium-Ion Cell Gigafactory

Slide 28: Disciplined Capital Allocation Strategy

Slide 29: Looking Ahead: Q4'25 and FY'25 Guidance

Slide 30: Compelling Investment Thesis

Slide 31: Appendix

Slide 32: Inflation Reduction Act (IRA) Enables…

Slide 33: Financial Update

Slide 34: Q3'25 Performance

Slide 35: Q3'25 Results

Slide 36: Balance Sheet, Cash Flow and Leverage

Slide 37: Non-GAAP Reconciliations

Slide 38: Reconciliations of GAAP to Non-GAAP Financial Measures

Slide 39: Non-GAAP Reconciliation

Slide 40: Non-GAAP Reconciliation

Slide 41: Non-GAAP Reconciliation

Slide 42: Non-GAAP Reconciliation

Slide 43: Non-GAAP Reconciliation

Slide 44: Non-GAAP Reconciliation

Slide 45: Non-GAAP Reconciliation

Slide 46: Non-GAAP Reconciliation

Slide 47: Non-GAAP Reconciliation

Slide 48: Non-GAAP Reconciliation

Slide 49: Key Performance Indicator

Slide 50: Thank you.