Slide 1: Ralliant Q2 2026 Results
Ralliant Q2 2026 Results July 30, 2026 2025 INVESTOR DAY 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements 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 are forward-looking statement
Slide 3: Q2 2026 Highlights and Business Update
Q2 2026 Highlights and Business Update TAMI NEWCOMBE President and Chief Executive Officer 2025 INVESTOR DAY
Slide 4: Business and Outlook Update
Business and Outlook Update Q2 results above the high end of guidance and raising full-year 2026 guidance as both segments delivered double-digit organic revenue growth Capitalizing on secular demand across electrification and defense with book-to-bill over 1.1 in both segments and maintaining over
Slide 5: Q2 2026 Summary
Q2 2026 Summary Revenue Adjusted EBITDA Margin Adjusted Diluted EPS $568 Million 19.8% $0.68 Revenue Normalized Adjusted Free Cash Flow Growth (Y/Y) EBITDA Margin Conversion (TTM) +13% Total +390 bps Y/Y 114% +13% Organic “Normalized basis” refers to adjusting 2025 periods to reflect the Company's p
Slide 6: Our Profitable Growth Strategy
Our Profitable Growth Strategy 01 02 03 Winning Growth Stronghold RBS Everywhere Vectors Positions Capitalizing on long-term Deepening our advantaged Unifying culture and investment cycles across positions where we have business system to deliver electrification and long-standing customer discipline
Slide 7: Winning Growth Vectors | Exposure to Secular Drivers
Winning Growth Vectors | Exposure to Secular Drivers PHYSICAL AI DEFENSE SURGE Robotics / Humanoids Defense Budgets Increasing Autonomous Vehicles / Consumer Golden Dome IOT / Factory Automation Critical Missiles & Munitions SENSORS & N TRIFICATIO DATACENTER INFRASTRUCTURE SAFETY SYSTEMS DEFENSE MOD
Slide 8: Regional Trends
Regional Trends Y/Y Organic Revenue Growth % of Total Q2 2026 YTD Revenue1 Q2 YTD Rest of N. America +13% +15% World 17% W. Europe +16% +6% China 16% N. America 54% China +7% +6% W. Europe 13% Rest of World +14% +7% Total +13% +11% 1. Numbers may not foot due to rounding. North America includes the
Slide 9: End Market Trends
End Market Trends Y/Y Organic Revenue Growth % of Total Q2 2026 YTD Revenue1 Q2 YTD Test & Sensors & Safety Measurement Systems ~40% ~60% Sensors & Safety Systems +11% +10% Semi 7% Industrial Manufacturing +11% +8% Industrial Manufacturing Communications 20% Defense and Space +14% +17% 11% Utilities
Slide 10: RBS Everywhere | Enterprise Growth Enablers
RBS Everywhere | Enterprise Growth Enablers Commercial Execution • Expand sales resources • Augment with AI and digital platforms Manufacturing Agility • Capacity expansion • Local-for-local in region 2 Innovation Acceleration • New product velocity • AI-enabled engineering workflows 10
Slide 11: Financial Overview and Outlook
Financial Overview and Outlook NEILL REYNOLDS Chief Financial Officer 2025 INVESTOR DAY
Slide 12: Q2 2026 Financial Results
Q2 2026 Financial Results ($ in millions, except adjusted EPS) Revenue Adjusted EBITDA Margin Adjusted EPS Free Cash Flow Conversion (TTM) +13% Total Y/Y +390 bps Y/Y1 +58% Y/Y1 +13% Organic Y/Y $568 114% $503 19.8% 15.9% $0.68 95%+ $0.43 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Target Q2 202
Slide 13: Segment Performance: Sensors & Safety Systems
Segment Performance: Sensors & Safety Systems Power grid solutions, defense technologies, industrial sensors for demanding environments REVENUE ($M) KEY DRIVERS Organic Revenue $347 • Industrial Manufacturing and Other end markets both up $311 double-digits with acceleration during the quarter, refl
Slide 14: Segment Performance: Test & Measurement
Segment Performance: Test & Measurement Precision instruments and services for advanced electronics REVENUE ($M) KEY DRIVERS Organic Revenue • Diversified Electronics +23% on acceleration in customer investment across electrification $221 $193 • Communications revenue +9% driven by data center 14.7%
Slide 15: Enterprise Productivity Program Progress
Enterprise Productivity Program Progress Post-spin opportunity to simplify how we operate and drive productivity to expand adjusted EBITDA margins1 and invest for growth Enterprise Productivity Program Expected Savings Path to Mid-Point of Through-Cycle Margin Range1 In-Year Savings2 Incremental Adj
Slide 16: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Strong balance sheet and durable cash flow to support growth Balance Sheet As of July 3, 2026 Balance Sheet Cash and cash equivalents $271M • Net leverage maintained at 1.9x the past four quarters while Debt $1.15B fulfilling post-spin cash obligations to Fortive and exec
Slide 17: Raising Full-Year 2026 Guidance and Introducing Q3 2026 Guidance
Raising Full-Year 2026 Guidance and Introducing Q3 2026 Guidance 2026 Guide1 2026 Guide1 Q3 20261 Prior Revised Additional Assumptions • Tariff assumptions are based on policy announcements as Revenue $570M to $590M $2.185B to $2.245B $2.250B to $2.300B of July 24, 2026; expect to continue to fully
Slide 18: Disciplined Capital Allocation Approach
Disciplined Capital Allocation Approach Strong cash generation allowing for strategic reinvestment and significant capital return • Enabling reinvestment through RBS Everywhere and AI-driven productivity 01 Organic Reinvestment • Investing in capacity expansion in Defense and Utilities to serve iden
Slide 19: Closing Remarks
Closing Remarks TAMI NEWCOMBE President and Chief Executive Officer 2025 INVESTOR DAY
Slide 20: Key Takeaways
Key Takeaways 01 Executing Growth Strategy 02 Driving Margin Expansion 03 Prioritizing Capital Allocation 20
Slide 21: Appendix
Appendix 2025 INVESTOR DAY
Slide 22: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company reports financial results in accordance with GAAP. However, this presentation contains references to certain non-GAAP measures, which are not recognized financial measures under GAAP, because management believes they assist investors and analysts in comparing
Slide 23: Adjusted Net Earnings, Adjusted Diluted Net EPS
ADJUSTED NET EARNINGS, ADJUSTED DILUTED NET EPS, NORMALIZED ADJUSTED NET EARNINGS, & NORMALIZED ADJUSTED DILUTED NET EPS (UNAUDITED) Three Months Ended ($ in millions, except per share values) July 3, 2026 April 3, 2026 June 27, 2025 Per share Per share Per share values values values Net earnings an
Slide 24: Adjusted Net Earnings, Adjusted Diluted Net EPS
ADJUSTED NET EARNINGS, ADJUSTED DILUTED NET EPS, NORMALIZED ADJUSTED NET EARNINGS, & NORMALIZED ADJUSTED DILUTED NET EPS (UNAUDITED) Three Months Ended Year Ended ($ in millions, except per share values) March 28, 2025 June 27, 2025 September 26, 2025 December 31, 2025 December 31, 2025 Per share Pe
Slide 25: Adjusted EBITDA and Adjusted EBITDA Margin
ADJUSTED EBITDA, ADJUSTED EBITDA MARGIN, NORMALIZED ADJUSTED EBITDA, & NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Three Months Ended ($ in millions) July 3, 2026 April 3, 2026 June 27, 2025 Revenue (GAAP) $ 567.8 $ 534.6 $ 503.3 Net earnings (GAAP) $ 57.2 $ 44.2 $ 47.6 Interest expense, net 13.8
Slide 26: Adjusted EBITDA and Adjusted EBITDA Margin
ADJUSTED EBITDA, ADJUSTED EBITDA MARGIN, NORMALIZED ADJUSTED EBITDA, & NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Three Months Ended Year Ended March 28, June 27, September 26, December 31, December 31, ($ in millions) 2025 2025 2025 2025 2025 Revenue (GAAP) $ 481.8 $ 503.3 $ 529.1 $ 554.6 $ 2,06
Slide 27: Segment Adjusted EBITDA and Margin
SEGMENT ADJUSTED EBITDA, SEGMENT ADJUSTED EBITDA MARGIN, SEGMENT NORMALIZED ADJUSTED EBITDA, & SEGMENT NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Three Months Ended July 3, 2026 April 3, 2026 June 27, 2025 Unallocated Unallocated Unallocated Sensors and Corporate Sensors and Corporate Sensors and
Slide 28: Segment Adjusted EBITDA and Margin
SEGMENT ADJUSTED EBITDA, SEGMENT ADJUSTED EBITDA MARGIN, SEGMENT NORMALIZED ADJUSTED EBITDA, & SEGMENT NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Three Months Ended March 28, 2025 June 27, 2025 September 26, 2025 December 31, 2025 Unallocated Unallocated Unallocated Unallocated Sensors and Corpor
Slide 29: Segment Adjusted EBITDA and Margin
SEGMENT ADJUSTED EBITDA, SEGMENT ADJUSTED EBITDA MARGIN, SEGMENT NORMALIZED ADJUSTED EBITDA, & SEGMENT NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Year Ended December 31, 2025 Unallocated Sensors and Corporate Safety Test and Costs and ($ in millions) Systems Measurement Other(a) Revenue (GAAP) $
Slide 30: Organic Revenue Growth
ORGANIC REVENUE GROWTH (UNAUDITED) Three Months Ended July 3, 2026 vs. Comparable 2025 Period Ralliant Sensors and Safety Systems Test and Measurement Total revenue growth (GAAP) 12.8 % 11.5 % 14.9 % Impact of: Currency exchange rates (0.2)% (0.7)% 0.7 % Organic revenue growth (Non-GAAP) 12.6 % 10.8
Slide 31: Adjusted Operating Expenses
ADJUSTED OPERATING EXPENSES (UNAUDITED) Three Months Ended July 3, 2026 April 3, 2026 June 27, 2025 Unallocated Unallocated Unallocated Corporate Corporate Corporate Costs and Costs and Costs and ($ in millions) Ralliant Total Segments Other(a) Ralliant Total Segments Other(a) Ralliant Total Segment
Slide 32: Free Cash Flow and Free Cash Flow Conversion
FREE CASH FLOW AND FREE CASH FLOW CONVERSION (UNAUDITED) Three Months Ended ($ in millions) July 3, 2026 April 3, 2026 June 27, 2025 Operating cash flows (GAAP) $ 105.5 $ 19.1 $ 85.6 Less: Purchases of property, plant & equipment (capital expenditures) (GAAP) (6.4) (8.7) (11.6) Free cash flow (Non-G
Slide 33: Net Leverage
NET LEVERAGE (UNAUDITED) As of TTM As of TTM July 3, July 3, December 31, December 31, ($ in millions) 2026 2026 2025 2025 Long-term debt, gross $ 1,150.0 $ 1,150.0 Cash and cash equivalents 270.9 292.8 Net debt per credit agreement $ 879.1 $ 857.2 Net earnings (GAAP) $ (1,232.6) $ (1,222.5) Interes