EnerSys · NYSE:ENS

EnerSys — Investor Presentation (November 2025)

42 slides from EnerSys's investor presentation, November 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: Well-Positioned for Long-Term Profitable Growth
Well-Positioned for Long-Term Profitable Growth Provider of highly differentiated energy solutions 1 with 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 4: EnerSys at a Glance
EnerSys at a Glance F Y 2 0 2 5 K E Y S TAT I S T I C S 1 $3.6B $528M $589M $10.15 10K+ 2004 Market Cap2 Adj. Operating Earnings3 Adj. EBITDA3 Adj. Diluted EPS3 Customers IPO G L O B AL FAC I L I T Y B AS E 4 F Y 2 0 2 5 N E T S AL E S $3.6B Business Geography Segments5 7% 17% 21% 42% 72% 41% Energy
Slide 5: Business Segments
Business Segments PREMIUM ENERGY SOLUTIONS AND ELITE SERVICES POWERING DIVERSE END MARKETS ENERGY SYSTEMS MOTIVE POWER Power conversion, power distribution, Industrial batteries, chargers and and energy storage solutions ms Mo energy management solutions for te tiv • Communications ys e electric-pow
Slide 6: Foundational Core Modular Platforms
Foundational Core Modular Platforms D I F F E R E N T I AT E D P L AT F O R M S W I T H E N H A N C E D V E R T I C A L C A PA B I L I T I E S A N D TA I L O R E D S O L U T I O N S POWER ELECTRONICS • High-efficiency power conversion E N E R G Y S T O R AG E • High voltage energy transfer with powe
Slide 7: Product Portfolio Evolution | End-to-End Energy Solutions Provider
Product Portfolio Evolution | End-to-End Energy Solutions Provider N ET SA LES MIX B EN EF IT S O F ($B) M A IN T EN A NC E -FR EE $3.6 SOLU TION S $3.1 ✓ Higher performance 44% $2.4 ✓ Higher energy density 56% 73% ✓ Higher reliability 56% 44% ✓ Less labor-intensive 27% FY'17 FY'20 FY'25 ✓ Lower tot
Slide 8: Addressing Global Megatrends through Our Leading Positions in Diverse End Markets
Addressing Global Megatrends through Our Leading Positions in Diverse End Markets Energy • Modernizing energy grids, storage, and distribution Transition • Markets shifting as industries embrace electrification ~$30B+ Serviceable Energy • Increasing resiliency of electrical infrastructure and grid A
Slide 9: Leveraging Our Sustainable Competitive Advantages
Leveraging Our Sustainable Competitive Advantages Deep Customer Domain Modular Resilient Operational Relationships Expertise Technology Business Model Excellence Customer-centric Product and company Only fully integrated Large, diverse end- Continuous improvement end-to-end solutions differentiation
Slide 10: EnerGize Strategic Framework to Transform and Grow
EnerGize Strategic Framework to Transform and Grow OPTIMIZE INVIGORATE ACCELERATE Our Core Our Operating Model Our Growth 1 2 3 • Restructuring for operational • Enhancing strategic planning • Leveraging leading market positions efficiency and effectiveness processes and operational to grow in curre
Slide 11: Optimizing our Core: Centers of Excellence
Optimizing our Core: Centers of Excellence D E L I V E R I N G VA L U E T O C U S T O M E R S • Drives global operational consistency across all our lead acid and TPPL plants Lead Acid • Improves productivity and enhances delivery reliability to our customers CoE • Optimizes our more stable, capital
Slide 12: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy FY’21 – FY’25 YTD FY’26 Priorities ($M, cumulative) ($M) Future Priorities • Enhance disciplined ROIC thresholds Invest in Organic Growth ~$440M $54 • Drive additional operational efficiencies (CapEx) • Progress domestic-sourced lithium strategy • Focused on o
Slide 13: Leadership Team Focused on Execution and Accountability
Leadership Team Focused on Execution and Accountability Shawn O’Connell Keith Fisher Andi Funk Jamie Gebbia Joe Lewis President and CEO President, EVP and CFO VP Corporate and Chief Legal and Joined: 2011 Energy Systems, Global 2018 Business Development Compliance Officer CEO: 2025 2025 2023 2005 HI
Slide 14: 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 Joined: 2015 Division, Intel 2020 Inte
Slide 15: Our Sustainability Goals & Commitments
Our Sustainability Goals & Commitments GOALS & PROGRESS AWARDS & RECOGNITION ENERGY WATER WASTE Reduce energy intensity Reduce water intensity per We are working to establish a Top 10 for Military per kWh of storage kWh of storage produced measurable waste goal Supplier Diversity produced by 25% by
Slide 16: Energy Efficiency & Optimization of Products & Services
Energy Efficiency & Optimization of Products & Services • Driving profitability and growth, with focus on advancements in energy systems, electrification, and customer emissions reduction objectives • Accelerating new product solutions that solve our customers operational efficiency needs • Leveragi
Slide 17: Compelling Investment Thesis
Compelling Investment Thesis 1 2 3 Strategically positioned in Delivering innovative expanding markets driven Invigorated leadership solutions and defining the by global megatrends team executing a clear future of energy transition strategy for accelerated revenue and earnings growth Playing a Criti
Slide 19: IRC Section 45X of the Inflation Reduction Act (IRA) Enables…
IRC Section 45X of the Inflation Reduction Act (IRA) Enables… 4 5 X B AC K G R O U N D E N S AN N U AL B E N E F I T S 1 ENERSYS COMMITMENT • Law in effect 1/1/23 - 12/31/32 with • ~90% of EnerSys U.S. battery production • Proceeds used as law intended: phase out years 8 - 10 currently qualifies to
Slide 21: Q2'26 Performance
Q2’26 Performance ADJUSTED EPS1 EX 45X $1.51 UP +15% Y/Y $951M $130M $146M $2.56 $197M Net Adj Op Adj Adj Free Cash Sales Earnings1,2 EBITDA1,2 EPS1,2 Flow1 +8% Y/Y +13% Y/Y +13% Y/Y +21% Y/Y +$194M Y/Y +10% Y/Y ex 45X +11% Y/Y ex 45X +15% Y/Y ex 45X Adj Gross Margin1,2 of 29.1% +40bps Y/Y; ex 45X A
Slide 22: Q2'26 Results
Q2’26 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 $130 $951 $115 13.6% $884 13.0% Y/Y %Δ Volume +3% Price/mix +3% Acquisition +1% $82 $90 FX +1% ex 45X ex 45X Total +8% 9.3% 9.5% Q2'25 Q2'26 Q2'25 Q2'26 AD J E B I T D A 1 & M AR G I N AD J D I L U T E D E P S 1 $146 $2.56 $129 15.3
Slide 23: Demand Trends
Demand Trends O R D E R PAT T E R N S F L U C T U AT I N G O N M I X E D M A R K E T D Y N A M I C S Orders1 Book to Bill1 Backlog1 0.97 0.90 984 862 851 900 Book to Bill1 0.88 Total Company 0.95 1.06 0.91 0.97 0.91 0.87 0.90 0.85 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 MP ES SP Total MP ES SP Total MP
Slide 24: Balance Sheet, Cash Flow and Leverage
Balance Sheet, Cash Flow and Leverage S E L E C T E D B AL AN C E S H E E T M E T R I C S 1 S E L E C T E D C AS H F L O W M E T R I C S 2 ($M) Q4’25 Q2’26 ($M) Q2’25 Q2’26 Cash and Cash Equivalents $343 $389 Cash Flow from Operations $34 $218 Net Debt3 $781 $842 CapEx ($30) ($21) Net Leverage Ratio
Slide 25: Looking Ahead: Q3'26 Guidance
Looking Ahead: Q3’26 Guidance Q U A N T I F I E D F U L L Y E A R G U I D A N C E PA U S E D AS S U M P T I O N S Y/Y CHANGE Q 3 ’ 2 6 G U I D AN C E 1 (AT M IDPOINT OF Q3’26 GUIDANCE) • ES: Strong Data Center demand and steady Communications Net Sales $920M – $960M +4% market recovery tempered by Q
Slide 26: Tariff Landscape & Mitigation
Tariff Landscape & Mitigation TAR I F F E X P O S U R E 1 M I T I G AT I O N & AC T I O N S • Dedicated Tariff Task Force in place O R I G I N O F U S S U P P LY S O U R C E S • Proactively assessing and mitigating: ~$70M Current Annualized Tariff Exposure ‒ Direct tariff and inflation pressures • ~
Slide 33: Non-GAAP Reconciliation
Non-GAAP Reconciliation Q U A R T E R LY A D J U S T E D D I L U T E D E P S C O N T I N U E D The following table provides the line of business allocation of the non-GAAP adjustments of items relating to operating earnings (that are allocated to lines of business) shown in the reconciliation prior:
Slide 35: Non-GAAP Reconciliation
Non-GAAP Reconciliation FULL YEAR ADJUSTED DILUTED EPS CONTINUED The following table provides the line of business allocation of the non-GAAP adjustments of items relating to operating earnings (that are allocated to lines of business) shown in the reconciliation prior: November 2025 © 2025 EnerSys.
Slide 36: 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 $84.3 million adjustment to EBITDA in the last twelve months ending September 28, 2025 primarily related to $38.4 million of non-cash stock compensation, $22.7 million of restructuring and other exit charges, impairment of ind
Slide 37: 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 $56.2 million adjustment to EBITDA in the last twelve months ending March 31, 2025 primarily related to $27.8 million of non-cash stock compensation, $22.0 million of restructuring and other exit charges, impairment of indefinite-l
Slide 41: 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 42: Thank you.
Thank you. For more information visit us at www.enersys.com November 2025 © 2025 EnerSys. All Rights Reserved. Trademarks and logos are property of EnerSys and its affiliates unless otherwise noted. Subject to revisions without prior notice. E.&O.E.

EnerSys — Investor Presentation (November 2025) on 6ix

EnerSys — Investor Presentation (November 2025)

Slide 1: Investor Presentation November 2025

Slide 2: Forward Looking Statements

Slide 3: Well-Positioned for Long-Term Profitable Growth

Slide 4: EnerSys at a Glance

Slide 5: Business Segments

Slide 6: Foundational Core Modular Platforms

Slide 7: Product Portfolio Evolution | End-to-End Energy Solutions Provider

Slide 8: Addressing Global Megatrends through Our Leading Positions in Diverse End Markets

Slide 9: Leveraging Our Sustainable Competitive Advantages

Slide 10: EnerGize Strategic Framework to Transform and Grow

Slide 11: Optimizing our Core: Centers of Excellence

Slide 12: Disciplined Capital Allocation Strategy

Slide 13: Leadership Team Focused on Execution and Accountability

Slide 14: Experienced Board of Directors

Slide 15: Our Sustainability Goals & Commitments

Slide 16: Energy Efficiency & Optimization of Products & Services

Slide 17: Compelling Investment Thesis

Slide 18: Appendix

Slide 19: IRC Section 45X of the Inflation Reduction Act (IRA) Enables…

Slide 20: Financial Update

Slide 21: Q2'26 Performance

Slide 22: Q2'26 Results

Slide 23: Demand Trends

Slide 24: Balance Sheet, Cash Flow and Leverage

Slide 25: Looking Ahead: Q3'26 Guidance

Slide 26: Tariff Landscape & Mitigation

Slide 27: Non-GAAP Reconciliations

Slide 28: Non-GAAP Reconciliation

Slide 29: Non-GAAP Reconciliation

Slide 30: Non-GAAP Reconciliation

Slide 31: Non-GAAP Reconciliation

Slide 32: Non-GAAP Reconciliation

Slide 33: Non-GAAP Reconciliation

Slide 34: Non-GAAP Reconciliation

Slide 35: Non-GAAP Reconciliation

Slide 36: Non-GAAP Reconciliation

Slide 37: Non-GAAP Reconciliation

Slide 38: Non-GAAP Reconciliation

Slide 39: Non-GAAP Reconciliation

Slide 40: Non-GAAP Reconciliation

Slide 41: Key Performance Indicator

Slide 42: Thank you.