Brightview Holdings, Inc. · NYSE:BV
Brightview — Q2 2026 Earnings Presentation
24 slides from Brightview's earnings presentation, May 6, 2026
Slide 1: Second Quarter 2026 Earnings Call
Second Quarter 2026 Earnings Call May 6, 2026 NYSE: BV
Slide 2: Introductory Information
Introductory Information 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; the
Slide 3: Executive Summary
Executive Summary Dale Asplund | President & Chief Executive Officer 2Q FY2026 Earnings Presentation | 3
Slide 4: Key Operational & Financial Highlights
Key Operational & Financial Highlights One BrightView strategy continues to drive transformation Highlights Q2 Total Revenue +6% & Land revenue +4% YoY; Raises FY26 revenue guidance Q2 Record Adjusted EBITDA & Margins of $79M or 11.3%; +~$6M or +~8% growth YoY Continued revenue growth and margin exp
Slide 5: Continuing To Prioritize Our Employees
BECOMING THE EMPLOYER OF Continuing To Prioritize Our Employees 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 Frontline Employee Turnover 2Q FY20
Slide 6: Continuing To Deliver Best in Class Customer Service
CUSTOMER CENTRIC Continuing To Deliver Best in Class Customer Service FOCUS Unwavering customer service yields sequential improvement in customer retention Reduced Improved Consistent & Efficient / Turnover Communication Reliable Service Unified TTM Land Maintenance Customer Retention Target: 90%+ R
Slide 7: Improving Retention Across Our Branch Network
CUSTOMER CENTRIC Improving Retention Across Our Branch Network FOCUS Customer centric focus driving higher concentration of branches with 90+% retention TTM Customer Retention – Branch Segmentation +10ppt vs. FY24 +15ppt vs. FY24 2Q FY2026 Earnings Presentation | 7
Slide 8: Land Contract Business Continues Building Momentum
Land Contract Business Continues Building Momentum 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 Maintenance Contract Values ** Net New
Slide 9: Driving Profitable Growth in 2026 & Beyond
Driving Profitable Growth in 2026 & Beyond 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 Prioritizing Delivering Best Unlocking
Slide 10: Financial Review & Outlook
Financial Review & Outlook Brett Urban | Chief Financial Officer 2Q FY2026 Earnings Presentation | 10
Slide 11: Record 2Q26 Adjusted EBITDA
Record 2Q26 Adjusted EBITDA Continued EBITDA growth while accelerating investments in salesforce Minor differences may exist due to rounding $MMs 2Q26 2Q25 Commentary Total Adjusted EBITDA $79.1 $73.5 • ~8% increase or +20bps margin expansion • Margin expansion +110bps; driven by revenue Maintenance
Slide 12: 2Q26 Revenue
2Q26 Revenue $MMs Totals may not sum due to intercompany eliminations $MMs 2Q26 2Q25 Commentary Total Revenue $702.9 $662.6 • ~6% increase Land $332.9 $320.3 • ~4% increase QTD; ~1% increase YTD Snow $221.6 $172.5 • ~30% increase Total Maintenance Services $554.6 $492.8 • ~13% increase Development S
Slide 13: Development Update
Development Update 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 State with State with & Mainte
Slide 14: Record Snowfall Drives Strategic Priorities
Record Snowfall Drives Strategic Priorities 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 Back Into Sellers 2Q FY2026
Slide 15: Favorable Debt Structure & Ample Liquidity
Favorable Debt Structure & Ample Liquidity 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 under Revolver and A/R facilities
Slide 16: Updating FY 2026 Guidance
Updating FY 2026 Guidance 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 EBITDA1 $363M – $377M $363M –
Slide 17: Fuel Impact Update
Fuel Impact Update 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 Consumed Annually; BV Fuel C
Slide 18: Questions & Answers / 2030 Aspirational Targets
QUESTIONS & ANSWERS 2030 Aspirational Targets1 ~$4B*+ ~$650M+ Total Revenue Adjusted EBITDA ~16%+ ~40%+ Adjusted EBITDA Free Cash Flow Margins Conversion** 1. From 2025 Investor Day * ~$450M+ in M&A ** Free Cash Flow Conversion = Adjusted Free Cash Flow / EBITDA $ 2Q FY2026 Earnings Presentation | 1
Slide 19: Appendix
Appendix 2Q FY2026 Earnings Presentation | 19
Slide 20: Share Repurchase Summary
Share Repurchase Summary ~$45M Shares Repurchased of $150M Share Repurchase Authorization Rounded figures, please see latest 10Q & prior filings for details 2Q FY2026 Earnings Presentation | 20
Slide 21: Guidance Reconciliation
Guidance Reconciliation Excludes potential fuel cost volatility; reference slide 17 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 Land 17 34 35 48 2% 3% 4 31 44
Slide 22: Non-GAAP to GAAP Reconciliation
Non-GAAP to GAAP Reconciliation 2Q FY2026 Earnings Presentation | 22
Slide 23: Non-GAAP to GAAP Reconciliation (con't.)
Non-GAAP to GAAP Reconciliation (con’t.) 2Q FY2026 Earnings Presentation | 23
Slide 24: Non-GAAP to GAAP Reconciliation (con't.)
Non-GAAP to GAAP Reconciliation (con’t.) 2Q FY2026 Earnings Presentation | 24