Slide 1: Q4'26 & FY'26 Earnings
Q4’26 & FY’26 Earnings M AY 2 0 , 2 0 2 6 May 2026 © 2026 EnerSys. All Rights Reserved.
Slide 2: Forward Looking Statements
Forward Looking Statements As a reminder, we will be presenting certain forward-looking statements on this call 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 actual re
Slide 3: Q4'26 & FY'26 Overview
Q4’26 & FY’26 Overview S H AW N O ' C O N N E L L PRESIDENT AND CHIEF EXECUTIVE OFFICER May 2026 © 2026 EnerSys. All Rights Reserved.
Slide 4: Q4'26 & FY'26 Call Highlights
Q4’26 & FY’26 Call Highlights Highest quarterly adj EPS1 ex 45X benefits on second highest quarterly revenue Record FY’26 net sales, adj operating earnings1, and adj EPS1 - both with and w/o 45X Resilient, diversified business model balancing end market variability while delivering record results Re
Slide 5: Q4'26 & FY'26 Performance
Q4’26 & FY’26 Performance RECORD ADJ EPS1 WITH AND W/O 45X FOR QUARTER AND YEAR Net Adj Op Adj Adj Free Cash Sales Earnings1,2 EBITDA1,2 EPS1,2 Flow1 $988M $154M $173M $3.19 $131M Q4’26 +1% Y/Y +1% Y/Y +3% Y/Y +7% Y/Y +$26M Y/Y flat Y/Y ex 45X +3% Y/Y ex 45X +5% Y/Y ex 45X $3.8B $540M $602M $10.56 $
Slide 6: EnerGize Progress Update
EnerGize Progress Update • Optimizing Our Footprint | Announced Tijuana facility closure and OPTIMIZE production shift to US; seeing early realization of incremental 45X Our Core benefits from completed Monterrey closure and production shift to US INVIGORATE • Strengthening Alignment | Delivered wor
Slide 7: Proactively Mitigating Tariff and Geopolitical Pressures
Proactively Mitigating Tariff and Geopolitical Pressures DIRECT & INDIRECT M I T I G AT I O N & AC T I O N S EXPOSURES • ~22% tariff exposure to US sourcing remains stable • Dedicated task force in place proactively and effectively assessing and mitigating exposures • Annualized tariff exposure rema
Slide 8: Demand Trends
Demand Trends O R D E R S O U T PA C I N G R E V E N U E I N A L L M A R K E T S Orders1 Book to Bill1 Backlog1 1,076 985 977 998 888 909 1.10 1.01 0.99 1.15 1.01 1.08 1.09 1.14 1.04 0.94 0.90 1.02 Q4'25 Q3'26 Q4'26 Q4'25 Q3'26 Q4'26 Q4'25 Q3'26 Q4'26 MP ES SP MP ES SP MP ES SP Q4’26 orders +8% Y/Y
Slide 9: Q4'26 & FY'26 Financial Results Q1'27 Outlook
Q4’26 & FY’26 Financial Results Q1’27 Outlook ANDI FUNK EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER May 2026 © 2026 EnerSys. All Rights Reserved.
Slide 10: Q4'26 & FY'26 Results
Q4’26 & FY’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 $528 $540 $3,618 $3,751 $153 $154 14.6% 14.4% 15.6% 15.6% $975 $988 Y/Y %Δ Y/Y %Δ Volume (2%) Volume (6%) Price/mix +3% Price/mix +4% Acquisition +1% $382 FX +3% FX +2% $108 $108 $343 ex 45X Total +1% Total +4% ex 45X ex 45X
Slide 11: Q4'26 Business Segment Financials
Q4’26 Business Segment Financials Adj Op Adj OE Net Sales ($M and Y/Y %) Earnings1 Margin1 Energy Systems • Volumes and mix bolstered by growth in power Energy $426 Volume flat Price/mix +4% $42.4 10.0% electronics Systems +7% FX +3% +23% +130 bps • Cost optimization supporting margin expansion Moti
Slide 12: Balance Sheet, Cash Flow and Leverage
Balance Sheet, Cash Flow and Leverage S E L E C T E D B AL AN C E S H E E T M E T R I C S 1 S E L E C T E D C AS H F L O W M E T R I C S 2 ($M) Q4’25 Q4’26 ($M) Q4’25 Q4’26 FY’25 FY’26 Cash and Cash Equivalents $343 $439 Cash Flow from Ops $135 $144 $260 $548 Net Debt3 $781 $684 CapEx ($30) ($13) ($
Slide 13: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Priorities Q4’26 FY’26 Future Priorities • Maintain disciplined ROIC thresholds Invest in Organic Growth $13M $80M • Drive incremental operational efficiencies (CapEx) • Progress domestic-sourced lithium strategy • Focus on opportunities to: ➢ Strengthen custo
Slide 14: Looking Ahead: Q1'27 Guidance
Looking Ahead: Q1’27 Guidance F U L L Y E A R E A R N I N G S G R O W T H T O O U T PA C E R E V E N U E G R O W T H AS S U M P T I O N S Y/Y CHANGE Q 1 ’ 2 7 G U I D AN C E 1 (AT M IDPOINT Q1’27 OF GUIDANCE) • Typical seasonality, with price/mix strength and OpEx discipline Net Sales $915M – $955M
Slide 15: Investor Day 2026
Investor Day 2026 May 2026 © 2026 EnerSys. All Rights Reserved. 15
Slide 16: Q&A
Q&A May 2026 © 2026 EnerSys. All Rights Reserved.
Slide 17: Appendix
Appendix May 2026 © 2026 EnerSys. All Rights Reserved.
Slide 18: Non-GAAP Reconciliations
Non-GAAP Reconciliations May 2026 © 2026 EnerSys. All Rights Reserved.
Slide 19: Quarterly Adjusted Operating Earnings
Non-GAAP Reconciliation Q U A R T E R LY A D J U S T E D O P E R AT I N G E A R N I N G S May 2026 © 2026 EnerSys. All Rights Reserved. 19
Slide 20: Yearly Adjusted Operating Earnings
Non-GAAP Reconciliation Y E A R LY A D J U S T E D O P E R AT I N G E A R N I N G S May 2026 © 2026 EnerSys. All Rights Reserved. 20
Slide 21: Adjusted EBITDA
Non-GAAP Reconciliation ADJUSTED EBITDA May 2026 © 2026 EnerSys. All Rights Reserved. 21
Slide 22: Quarterly Adjusted Diluted EPS
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 May 2026 © 2026 EnerSys. All Rights Reserved. 22
Slide 23: Quarterly Adjusted Diluted EPS Continued
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 24: Yearly Adjusted Diluted EPS
Non-GAAP Reconciliation Y E A R LY A D J U S T E D D I L U T E D E P S May 2026 © 2026 EnerSys. All Rights Reserved. 24
Slide 25: Yearly Adjusted Diluted EPS Continued
Non-GAAP Reconciliation Y E A 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: May 2
Slide 26: Leverage Ratio by Year
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 27: Leverage Ratio by Quarter
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 $91.9 million adjustment to EBITDA in the last twelve months ending March 31, 2026 primarily related to $37.6 million of non-cash stock compensation, $53.2 million of restructuring and other exit charges. The $56.2 million ad
Slide 28: Free Cash Flow
Non-GAAP Reconciliation FREE CASH FLOW May 2026 © 2026 EnerSys. All Rights Reserved. 28
Slide 29: Gross Profit and Gross Margin ex 45X
Non-GAAP Reconciliation GROSS PROFIT AND GROSS MARGIN EX 45X May 2026 © 2026 EnerSys. All Rights Reserved. 29
Slide 30: Adjusted Gross Profit and Gross Margin
Non-GAAP Reconciliation ADJUSTED GROSS PROFIT AND GROSS MARGIN May 2026 © 2026 EnerSys. All Rights Reserved. 30
Slide 31: Key Performance Indicator: Primary Operating Capital
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 32: Thank you.
Thank you. For more information visit us at www.enersys.com May 2026 © 2026 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.