Enersys · NYSE:ENS

Enersys — Q1 FY2027 Earnings Presentation

30 slides from Enersys's earnings presentation, Aug 12, 2026

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 4: Q1'27 Call Highlights
Q1’27 Call Highlights Achieved record net sales and adj EPS1; 1 expanding margins on strength of diversified business Delivered exceptional Q1 free cash flow conversion; 2 0.8x net leverage enables capital allocation flexibility Was awarded DOE grant and Board approval for planned defense- 3 focused
Slide 5: Q1'27 Performance
Q1’27 Performance $936M $179M $196M $3.66 $218M NET AD J O P AD J AD J F R E E C AS H SALES E AR N I N G S 1 , 2 E B I T D A1,2 E P S 1,2 FLOW1 +5% Y/Y +47% Y/Y +50% Y/Y +65% Y/Y +$250M Y/Y +21% Y/Y ex 45X & +27% Y/Y ex 45X & +42% Y/Y ex 45X & 140% FCF tariff refunds tariff refunds tariff refunds co
Slide 6: Target Growth Proof Points
Target Growth Proof Points Focused Priorities Supporting Long-Term Value Creation Framework L O N G - T E R M VAL U E C R E AT I O N Key Focus Areas To Accelerate Growth F R AM E W O R K Aggregate Market 1 Battery Energy Fortix 172 kWh BESS received Growth +3-5% Storage Systems UL and NFPA 855 appro
Slide 7: Aerospace & Defense Demand Trends
Aerospace & Defense Demand Trends Insufficient Market Capacity Available to Meet Increasing Demand for Defense Platforms Structural Differentiation beyond Demand Tailwinds Battery Chemistry Defense electrification is Combining integrated systems, increasing the need for mobility, application enginee
Slide 8: Lithium Plant Update
Lithium Plant Update TOTAL CAPITAL DOE1 REVISED NET CAPITAL INVESTMENT GRANT AWARDED2 INVESTMENT ~$650 ~$150 ~$500 M I L L IO N MILLION M I L L IO N ~$200M local and state short-term and long-term incentives awarded to support ongoing operations • ~1 GWh initial production capacity, revised scope pu
Slide 9: Demand Trends
Demand Trends Orders1 Book to Bill1 Backlog1 1,092 1.10 994 1.03 1,012 988 1,008 930 1.06 1.21 1.05 0.73 0.98 1.04 1.04 1.08 1.14 1.15 Q1'26 Q4'26 Q1'27 Q1'26 Q4'26 Q1'27 Q1'26 Q4'26 Q1'27 NIS IMS PPS Total NIS IMS PPS Total NIS IMS PPS Total Q1’27 orders +7% Y/Y on NIS Q1’27 book to bill 1.06 up Y/
Slide 11: Q1'27 Results
Q1’27 Results Net Sales Adj Op Earnings1 & Margin $179 $893 $936 19.1% $122 Y/Y %Δ 13.6% Volume +1% Price/mix +3% FX +1% $101 Total +5% $83 ex 45X ex 45X / tariff refunds 9.3% 10.8% Q1'26 Q1'27 Q1'26 Q1'27 Adj EBITDA1 & Margin Adj Diluted EPS1 $196 $3.66 20.9% $131 13.8% $2.23 $85 $118 $1.78 ex 45X
Slide 12: Current Policies and Global Impacts
Current Policies and Global Impacts 45X Tax Credits Actions Taken • Generated $47M of credits in Q1’27; realizing benefits of ✓ Prioritizing in U.S. domestic energy production production transfer from Monterrey, MX into U.S. plant ‒ Closed Monterrey and Tijuana plants to further optimize • Received
Slide 13: Q1'27 Business Segment Financials
Q1’27 Business Segment Financials Adj Op Adj OE Net Sales ($M and Y/Y %) Earnings1 Margin1 NIS $428 Volume +5% Price/mix +4% $45.0 10.5% Network & Infrastructure Solutions (NIS) +9% FX +1% +51% +280 bps • Favorable volumes and mix bolstered by growth in power electronics and strong data center deman
Slide 14: Balance Sheet, Cash Flow and Leverage
Balance Sheet, Cash Flow and Leverage Selected Balance Sheet Metrics1 Selected Cash Flow Metrics2 ($M) Q4’26 Q1’27 ($M) Q1’26 Q1’27 Cash and Cash Equivalents $439 $531 Cash Flow from Ops $1 $230 Net Debt3 $684 $522 CapEx ($33) ($12) Net Leverage Ratio3 1.1x 0.8x Free Cash Flow4 (FCF) ($32) $218 Prim
Slide 15: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Q1 FY’27 Go Forward Priorities • Planned lithium-Ion battery facility increases FEOC- ✓ $12M on CapEx 1 Invest in Organic Growth compliant capacity, investment spread across 2-3 years • Enhanced financial rigor with greater focus on right to win ✓ $10M in divi
Slide 16: Looking Ahead: Q2'27 Guidance
Looking Ahead: Q2’27 Guidance 1H Earnings Growth on Margin Expansion, 2H on Topline Growth AS S U M P T I O N S Q2’27 Guidance1 Y/Y Change (at midpoint of guidance) Q2’27 • Continued strength in Data Centers, Communications, and Net Sales $955M – $995M +2% A&D, recovery in Class 8 Transportation, Ma
Slide 23: Non-GAAP Reconciliation: Quarterly Adjusted Diluted EPS Continued
Non-GAAP Reconciliation Quarterly 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: Q1 FY27 Earnings | © 2026 Ene
Slide 24: Non-GAAP Reconciliation: Leverage ratio by Year
Non-GAAP Reconciliation Leverage ratio by Year (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 adjustment to EBITDA i
Slide 25: Non-GAAP Reconciliation: Leverage Ratio by Quarter
Non-GAAP Reconciliation Leverage Ratio by Quarter (1) The $87.9 million adjustment to EBITDA in the last twelve months ending July 5, 2026 primarily related to $27.8 million of non-cash stock compensation, $57.9 million of restructuring and other exit charges. The $67.4 million adjustment to EBITDA
Slide 28: Key Performance Indicator: Primary Operating Capital
Key Performance Indicator Primary Operating Capital 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 payable. The resulting
Slide 29: Stock Based Compensation Non-GAAP Adjustment
Stock Based Compensation Non-GAAP Adjustment Beginning in FY’27, the Company excludes all stock-based compensation expense from adjusted metrics. The schedule below shows the quarterly impact to FY’26 reporting periods. Q1 FY27 Earnings | © 2026 EnerSys. All Rights Reserved. 29

EnerSys — Q1 FY2027 Earnings Presentation on 6ix

Enersys — Q1 FY2027 Earnings Presentation

Slide 1: Q1 FY'27 Earnings

Slide 2: Forward Looking Statements

Slide 3: Q1 FY'27 Overview

Slide 4: Q1'27 Call Highlights

Slide 5: Q1'27 Performance

Slide 6: Target Growth Proof Points

Slide 7: Aerospace & Defense Demand Trends

Slide 8: Lithium Plant Update

Slide 9: Demand Trends

Slide 10: Q1'27 Financial Results & Q2'27 Outlook

Slide 11: Q1'27 Results

Slide 12: Current Policies and Global Impacts

Slide 13: Q1'27 Business Segment Financials

Slide 14: Balance Sheet, Cash Flow and Leverage

Slide 15: Disciplined Capital Allocation Strategy

Slide 16: Looking Ahead: Q2'27 Guidance

Slide 17: Q&A

Slide 18: Appendix

Slide 19: Non-GAAP Reconciliations

Slide 20: Non-GAAP Reconciliation: Quarterly Adjusted Operating Earnings

Slide 21: Non-GAAP Reconciliation: Adjusted EBITDA

Slide 22: Non-GAAP Reconciliation: Quarterly Adjusted Diluted EPS

Slide 23: Non-GAAP Reconciliation: Quarterly Adjusted Diluted EPS Continued

Slide 24: Non-GAAP Reconciliation: Leverage ratio by Year

Slide 25: Non-GAAP Reconciliation: Leverage Ratio by Quarter

Slide 26: Non-GAAP Reconciliation: Free Cash Flow

Slide 27: Non-GAAP Reconciliation: Gross Profit and Gross Margin ex 45X

Slide 28: Key Performance Indicator: Primary Operating Capital

Slide 29: Stock Based Compensation Non-GAAP Adjustment

Slide 30: Thank You