Hayward Holdings, Inc. · NYSE:HAYW
Hayward — Q1 2026 Earnings Presentation
26 slides from Hayward's earnings presentation, Apr 29, 2026
Slide 1: First Quarter 2026 Earnings
FIRST QUARTER 2026 EARNINGS April 29, 2026 © 2026 Hayward Holdings, Inc.
Slide 2: First Quarter 2026 Earnings Call
FIRST QUARTER 2026 EARNINGS CALL KEVIN HOLLERAN President and Chief Executive Officer EIFION JONES Senior Vice President and Chief Financial Officer KEVIN MACZKA Vice President of Investor Relations and FP&A NYSE: HAYW © 2026 Hayward Holdings, Inc. 2
Slide 3: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation includes certain statements that are “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 that are based on the beliefs of Hayward’s mana
Slide 4: Key Messages
Key Messages Q1 2026 ahead of expectations; net sales +12%, adj. EBITDA1 +15%; adj. diluted EPS1 +30% Continued margin expansion; gross profit margin +50 bps, adj. EBITDA1 margin +60 bps Net leverage2 reduced from 2.8x to 2.4x YoY in seasonally low cash flow quarter Executing strategic growth and op
Slide 5: Financial Overview
Financial Overview Q1 2026 YoY RESULTS REFLECT: Net Sales $255.2M +12% ▪ Strong execution ▪ Resilient installed base aftermarket Gross Profit Margin 46.5% +50 bps ▪ Positive net price realization and positive Adj. EBITDA1 $56.4M +15% volume growth ▪ Solid margin expansion Adj. EBITDA Margin1 22.1% +
Slide 6: Strengthening Operational Foundation of the Business
Strengthening Operational Foundation of the Business 100+ Years of Hayward; 5 Years on NYSE Key accomplishments over the 5 years post IPO ✓ Expanded and strengthened senior leadership team ✓ Introduced innovative, industry-leading new product technologies to expand installed base aftermarket TAM ✓ R
Slide 7: Track Record of Strong Performance
Track Record of Strong Performance Well positioned for continued profitable growth Strong performance in challenging macro environment ✓ Net Sales CAGR consistent with long-term algorithm ✓ Aftermarket mix increased to ~85% of net sales ✓ Demonstrated pricing power offsetting inflation ✓ Solid margi
Slide 8: First Quarter 2026 Financials
First Quarter 2026 Financials NET SALES +11.5% YoY ▪ Net price +9% NET SALES OF $255.2M ▪ Volume +1% ▪ F/X +2% GROSS PROFIT MARGIN OF 46.5% ▪ Increased 50 bps YoY GROSS PROFIT OF $118.7M ▪ NAM stable ▪ ERW increased 230 bps YoY ADJ. EBITDA MARGIN1 OF 22.1% ▪ Increased 60 bps YoY ADJ. EBITDA1 OF $56.
Slide 9: First Quarter 2026 Segment Overview
First Quarter 2026 Segment Overview NORTH AMERICA EUROPE & REST OF WORLD NET SALES GROSS PROFIT ADJ. SEGMENT INCOME1 NET SALES GROSS PROFIT ADJ. SEGMENT INCOME1 $209.8M $102.4M $57.3M $45.4M $16.3M $8.8M YoY Change: Gross Profit Margin: Adj. Segment YoY Change: Gross Profit Margin: Adj. Segment +12.
Slide 10: Balance Sheet and Cash Flow Highlights
Balance Sheet and Cash Flow Highlights BALANCE SHEET ($M) CASH FLOW ($M) 3/28/2026 Q1 2026 Q1 2025 Cash and cash equivalents $136 Cash flows from operating activities ($151) ($6) Short-term investments $95 $700M fixed rate, Less capex6 ($7) ($6) remainder variable Total debt principal $960 Blended i
Slide 11: Capital Allocation Priorities
Capital Allocation Priorities GROWTH INVESTMENTS 1 • Innovative new product development, IoT digital leadership • Commercial programs, dealer conversions • Operational excellence, productivity, automation, footprint optimization Funding strategic 2 STRATEGIC M&A • Pipeline of opportunities to comple
Slide 12: Increased FY 2026 Financial Outlook
Increased FY 2026 Financial Outlook Net sales up ~5% YoY Adjusted diluted EPS1 of $0.84 to $0.87, up ~9% to 13% YoY OUTLOOK REFLECTS: Free cash flow1 of ~$200M, >100% of net income ▪ Continued profitable growth ▪ Resilient aftermarket demand ▪ Positive net price realization ▪ Robust margins Modeling
Slide 13: Key Messages
Key Messages Q1 2026 ahead of expectations; net sales +12%, adj. EBITDA1 +15%; adj. diluted EPS1 +30% Continued margin expansion; gross profit margin +50 bps, adj. EBITDA1 margin +60 bps Net leverage2 reduced from 2.8x to 2.4x YoY in seasonally low cash flow quarter Executing strategic growth and op
Slide 14: Company Overview
COMPANY OVERVIEW © 2026 Hayward Holdings, Inc. 14
Slide 15: Hayward at a Glance
Hayward at a Glance ✓ Global leader in pool and outdoor living technology with the industry’s most recognized and trusted brand $1.12B 7% Net Sales ✓ Strong, recurring aftermarket sales driven by one of the largest installed bases in the world 2025 6-year CAGR Net Sales ✓ Energy-efficient, environme
Slide 16: Why Invest in Hayward?
Why Invest in Hayward? • Secular tailwinds (sunbelt migration, healthy outdoor living) Attractive • Large installed base that grows every year Industry • Disciplined industry, demonstrated pricing power • Aftermarket1 sales mix ~85% Recurring • Majority non-discretionary purchases to maintain existi
Slide 17: Corporate Strategy
Corporate Strategy Organic • Execute global product and technology leadership roadmaps Growth • Advance regional sales & marketing strategies • Expand customer experience initiatives • Accelerate growth plans in Commercial Pool and Flow Control markets Margin • Proven culture of operational excellen
Slide 18: Attractive Long-Term Growth Dynamics
Attractive Long-Term Growth Dynamics Secular Tailwinds Industry Drivers Competitive Advantages ✓ Healthy outdoor living ✓ Growing, aging installed base ✓ Strong brand and installed base ✓ Sunbelt migration ✓ Non-discretionary aftermarket ✓ Technology leadership spending ✓ “Smart home” IoT adoption ✓
Slide 19: Appendix: Non-GAAP Reconciliations
APPENDIX APPENDIX Non-GAAP Reconciliations Non-GAAP Reconciliations © 2026 Hayward Holdings, Inc. 19
Slide 20: Adjusted EBITDA & Adjusted EBITDA Margin Reconciliation
Adjusted EBITDA & Adjusted EBITDA Margin Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 20
Slide 21: Adjusted EBITDA & Adjusted EBITDA Margin Last Twelve Months
Adjusted EBITDA & Adjusted EBITDA Margin Last Twelve Months Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 21
Slide 22: Adjusted Net Income & Adjusted EPS Reconciliation
Adjusted Net Income & Adjusted EPS Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 22
Slide 23: Adjusted Segment Income Reconciliation
Adjusted Segment Income Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 23
Slide 24: Adjusted EBITDA Historical Reconciliation
Adjusted EBITDA Historical Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 24
Slide 25: Net Leverage Reconciliation
Net Leverage Reconciliation APPENDIX © 2026 Hayward Holdings, Inc. 25
Slide 26: Thank You
THANK YOU © 2026 Hayward Holdings, Inc. 26