Ralliant Corporation · NYSE:RAL
Ralliant — Conference Presentation (February 2026)
26 slides from Ralliant's conference presentation, Feb 16, 2026
Slide 1: Ralliant Company Overview
Ralliant Company Overview February 2026 2025 INVESTOR DAY 1
Slide 2: Forward Looking Statements & Non-GAAP Financial Measures
Forward Looking Statements & Non-GAAP Financial Measures Certain statements included in this presentation and the oral remarks made in connection herewith are “forward-looking statements” within the meaning of the U.S. federal securities laws. All statements other than historical factual information
Slide 3: Tami Newcombe, President and Chief Executive Officer
TAMI NEWCOMBE President and Chief Executive Officer 2025 INVESTOR DAY
Slide 4: Key Messages
Key Messages 01 02 03 04 Confidence in long-term Enter 2026 with transition Making progress Delivered results at the value demonstrated by to standalone public towards long-term high end or above every commencement of share company complete, targets communicated at quarterly guidance metric repurcha
Slide 5: Our Precision Technologies Create Confidence
ALT OPTION Our Precision Technologies Create Confidence… What we do We deliver instruments and sensors & safety systems for applications where accuracy, reliability, and safety matter. Why it matters Precision creates confidence for the innovators, scientists, and engineers we empower. Who we serve
Slide 6: Ralliant Overview
Ralliant Overview BY THE NUMBERS EXECUTING OUR PROFITABLE GROWTH STRATEGY ~$2.1B Revenue 1 ~7K Team Members RBS Winning Growth Stronghold Everywhere Positions Vectors ~20 Manufacturing Sites ~90K Customers Continuing our Deepening our Expanding portfolio to operating discipline advantaged positions
Slide 7: 100+ Years of Innovation: Ralliant Business Segments Overview
100+ Years of Innovation: Ralliant Business Segments Overview SENSORS & SAFETY SYSTEMS TEST & MEASUREMENT Power grid monitoring solutions, % of Precision instruments, % of defense and space technology, revenue1 software, and services revenue1 and industrial sensors for essential to the future of dem
Slide 8: 2026 Guidance and Long-Term Targets
2026 Guidance and Long- Term Targets 2025 INVESTOR DAY
Slide 9: Reiterating 2026 Guidance
Reiterating 2026 Guidance Guidance in line with long-term growth and incremental margin targets, but below long-term adj. EBITDA margin target Long-Term Through-cycle Full-Year 2026 Targets1 Guidance FY2026 Guidance Expectations vs. Investor Day Targets Revenue 3% – 5% $2.1 to $2.2B • 2-6% organic r
Slide 10: Path to Long-Term Adj. EBITDA Margin Target Through Strong Revenue Growth and Incremental Margins
Path to Long-Term Adj. EBITDA Margin Target Through Strong Revenue Growth and Incremental Margins Adj. EBITDA Margin1,3 (Adj. EBITDA Margin, %; Drivers Shown in bps) Run-rate quarterly Adj. OpEx2 of ~$175M in 2H25 vs. ~$150M quarterly Adj. OpEx2 pre-spin in 1H253 Low-to- $50M normalizing adjustment
Slide 11: Full Year Of Post-spin Operating Expenses Would Have Reduced 2025 Adj. EBITDA Margin by 240 Basis Points
1 Full Year Of Post-spin Operating Expenses Would Have Reduced 2025 Adj. EBITDA Margin by 240 Basis Points Quarterly Adj. FY2025 Adj. Operating Operating ($M) Expenses1,2,3 ($M) Expenses1,2,3 FY2025 reported adj. operating Pre-Spin (1H25) quarterly run-rate ~$150 ~$650 expenses 2025 employee merit i
Slide 12: Low-to-Mid-20s Incremental Adj. EBITDA Margin in 2026
2 Incremental Adj. EBITDA Margin in 2026 Expected to Exceed Long-term Through- cycle Target Communicated at June 2025 Investor Day Reiterating Long-Term, Through-Cycle Margin FY2026 Expected Incremental Adj. EBITDA Targets Established at 2025 Investor Day Margin of 40-45%1 Inclusive of Expected Adj.
Slide 13: Path to Long-Term Adj. EBITDA Margin Targets Through Strong Revenue Growth and Incremental Margins
3 Path to Long-Term Adj. EBITDA Margin Targets Through Strong Revenue Growth and Incremental Margins Well-positioned to exceed expected long-term Line of sight to adj. EBITDA margin within market growth long-term through-cycle target2 LT Expected Served Low-to-mid-20s % Market Growth1 18% to 20% Def
Slide 14: Disciplined Capital Allocation Approach
Disciplined Capital Allocation Approach Strong cash generation allowing for strategic reinvestment; Commenced share repurchases following 4Q25 earnings Organic Reinvestment • Organic investment accounted for within target incremental Adj. EBITDA margins Organically invest in high 01 growth markets a
Slide 15: Clear Financial Priorities to Drive Value Creation
Clear Financial Priorities to Drive Value Creation GROWTH P R O F I TA B I L I T Y FREE CASH FLOW RETURNS Revenue Growth Adj. EBITDA Growth Faster Strong and Durable Disciplined Capital Extension than Revenue Free Cash Flow Allocation LONG-TERM Revenue growth Adj. EBITDA margin2: FCF conversion2,3 R
Slide 16: Key Takeaways
Key Takeaways 01 02 03 Executing 2026 Strategic Clarity Long-Term Value Confidence Transition to standalone public Entered 2026 with strong Began repurchasing shares company complete, clarity on secular tailwinds and strategic following 4Q25 earnings with our post-spin cost structure, clarity on inv
Slide 17: Built for Precision
NN 4% RALLIANT 9 » Built for Precision y 7
Slide 18: Appendix
Appendix & RALLIANT 18
Slide 19: Summary GAAP to Non-GAAP Bridge
Summary GAAP to Non-GAAP Bridge Refer to the following pages for the reconciliations of historical non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP. Year Ended December 31, 2025 Management Assessment of Normalized Run-Rate ($ in mill
Slide 20: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company reports financial results in accordance with GAAP. However, this presentation contains references to certain non-GAAP measures, which are not recognized financial measures under GAAP, because management believes they assist investors and analysts in comparing
Slide 21: Adjusted Net Earnings
ADJUSTED NET EARNINGS (UNAUDITED) Year Ended December 31, ($ in millions, except per share amounts) 2025 Net loss and net diluted loss per share (GAAP) $ (1,222.5) Goodwill impairment 1,441.7 Amortization of acquisition related intangible assets 86.9 Acquisition and divestiture related adjustments a
Slide 22: Adjusted EBITDA and Adjusted EBITDA Margin
ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN (UNAUDITED) Year Ended December 31, ($ in millions) 2025 Revenue (GAAP) $ 2,068.8 Net loss (GAAP) $ (1,222.5) Interest expense, net 32.3 Income tax expense 6.1 Depreciation 28.6 Amortization 86.9 EBITDA (Non-GAAP) (1,068.6) Goodwill impairment 1,441.7 Stock
Slide 23: Adjusted Operating Profit (Loss), Adjusted EBITDA and Adjusted EBITDA Margin
ADJUSTED OPERATING PROFIT (LOSS), ADJUSTED EBITDA and ADJUSTED EBITDA MARGIN (UNAUDITED) Year Ended December 31, ($ in millions) 2025 Revenue (GAAP) $ 2,068.8 Operating (loss) profit (GAAP) $ (1,183.0) Goodwill impairment 1,441.7 Amortization of acquisition-related intangible assets 86.9 Acquisition
Slide 24: Adjusted Operating Expenses
ADJUSTED OPERATING EXPENSES (UNAUDITED) Three Months Ended March 28, 2025 June 27, 2025 September 26, 2025 December 31, 2025 Unallocated Unallocated Unallocated Unallocated Corporate Corporate Corporate Corporate Total Costs and Total Costs and Total Costs and Total Costs and ($ in millions) Rallian
Slide 25: Adjusted Operating Expenses
ADJUSTED OPERATING EXPENSES (UNAUDITED) Year Ended December 31, 2025 Unallocated Corporate Total Costs and ($ in millions) Ralliant Segments (a) Other (b) Operating costs: Selling, general and administrative $ (616.6) $ (557.9) $ (58.7) Research and development (165.0) (165.0) — Goodwill impairment
Slide 26: Free Cash Flow and Free Cash Flow Conversion
FREE CASH FLOW AND FREE CASH FLOW CONVERSION (UNAUDITED) Year Ended ($ in millions) December 31, 2025 Operating cash flows (GAAP) $ 397.6 Less: Purchases of property, plant & equipment (capital expenditures) (GAAP) (39.2) Free cash flow (Non-GAAP) $ 358.4 Adjusted net earnings (Non-GAAP) $ 305.3 Fre