Franklin Electric Co., Inc. · NASDAQ:FELE
Franklin Electric — Gabelli Funds 36th Annual Pump, Valve & Water Systems Symposium (February 2026)
27 slides from Franklin Electric's conference presentation, Feb 26, 2026
Slide 1: Moving Water. Moving Energy. Moving Forward.
MOVING WATER. MOVING ENERGY. MOVING FORWARD. Gabelli Funds 36th Annual Pump, Valve & Water Systems Symposium Joe Ruzynski | Chief Executive Officer February 2026 @ Franklin Electric
Slide 2: Safe Harbor Statement
Safe Harbor Statement D erent miseenis "Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit
Slide 3: Franklin Electric At a Glance
Franklin Electric At a Glance At Franklin Electric, we protect the world's most critical resources. We are a flow control company with a focus on Water and Energy. We partner with our customers with leading innovation, world class service, and a committed team to keep Moving Forward. We have a deep
Slide 4: Investment Highlights
Investment Highlights’ @D Frantain Electric arket position i ‘oundwater pumping systems Track record of across segments Advantageous to extend leadership and capture revenue in developing markets Strong balance sheet in with opportunity for investment * History of returning capital to shareholders;
Slide 5: Growth Acceleration, Resilient Margins, Value Creation Framework
GROWTH ACCELERATION Vv Strong revenue with all segments growing Vv Strategy focused on faster growing markets and regions v Innovation as a key focus with over 35 new products contributing a projected ~$160M in new revenue by year three v Enhancing and expanding our channel in our most important mar
Slide 6: Our Strategic Focus
Our Strategic Focus * To serve critical Water and Energy needs globally and serve locally * To help our customers win through innovation, solutions and service, using our strong channel as a growth multiplier * To elevate the supplier, customer, and employee experience using our end-to-end visibilit
Slide 7: Durable Growth Drivers & Secular Trends in Our Market
Durable Growth Drivers & Secular Trends in Our Market Prenkun tecente FELE Markets 3-yr Growth* Key Secular Trends — ( L::| q P : Residential A é ey 3.5% (Ly Ain Urbanization Water Scarcity Smart Homes Commercial & 14-15% i a 5 Aly ~ industrial an a cle ral OR (Pumps) 56% Energy Efficiency Reshoring
Slide 8: Franklin Electric Market Overview
Franklin Electric Market Overview End-Market Channel ~15% Muni. & Util. ~14% Energy ~7% ~4A% — Retail Residential ~9% Qrrentin eter $2.1B Revenue Qrrertinetcerie’ $2.1B Revenue ~12% Agri. ~15% Commercial & industriat Note: Segmentations are based on management estimates and include intersegment sale
Slide 9: Water Systems
Water Systems ®Prranktin electric QSAR ™ . WV iS FPS” (PONEERPUP MINETUFF wr = JA... LittieGIANT. =< Hellenbrand Waterite Franklin Electric Value Proposition 2025 FY Performance End-Market + We provide Essential Water Systems to m Residential supply, move, remove & treat water m Commercial & * We wi
Slide 10: Distribution
Distribution A. 4 HEADWATER ew COMPANIES <5) GICON BLAKE (h VALLEY £3 HEADWATER A eouirwenr MILAN Value Proposition 2025 FY Performance End Market * We will free up cash and accelerate growth m Residential with our On Site Inventory Program, enabling customers to invest in strategic initiatives m Co
Slide 11: Energy Systems
Energy Systems Value Proposition We have a proven track record of delivering exceptional value in fuel handling and electrical grid monitoring We develop world-class VOC driven innovations for key customers for wide-scale commercialization Our world-class support helps our customers expand their bus
Slide 12: New Products, Vitality, and Velocity
New Products, Vitality, and Velocity ¢ New product launches to increase by 40% ¢ Increasing New Product Velocity decreasing time to launch by 100 days in 2025 @)oncerPume Minetuff Series Product Globalization w/ New Skid Offering @ Franklin Electric @ Franklin Electric FUELING SYSTEMS Remote Control
Slide 13: Market Intimacy, Leading Innovation
@ Franklin Electric Market intimacy, Leading Innovation AN ALL-IN-ONE FUEL MONITORING SYSTEM SOLUTION Al THE PRICE OF JUST A CONSOLE Market Need Franklin Electric Solution + Asizable portion of the market + EVO~ ONE I-in-one, right d relies on outdated technology for pec lnei eles dea fuel managemen
Slide 14: Water Pressure Boosting
Water Pressure Boosting Market Pain Points Sprawling municipal infrastructure is degrading water pressure in new & existing buildings Mechanical room space is ata premium Property owners need to minimize equipment noise Multi-Family, Hospitality, & Senior Living need easy-to- use, economical pressur
Slide 15: Financial Performance Summary
@ Franklin Electric Financial Performance Summary
Slide 16: Financial Performance Summary
. . @ Frentain Electric Financial Performance Summary Consolidated Sales ($M) $2,044 $2,065 $2,021 $2,181 | | % 1 4% 7 662 NET REVENUE ADJ. EPS2 CAGR CAGR FY2020-2025 FY2020-2025 2021 2022 2023 2024 2025 Adjusted EPS? 0 $4.00 $4.13 $3.92 $4.14 15.3 % 7 26 ROIC' 2025 2021 2022 2023 2024 2025 ‘Non-GAA
Slide 17: Cash Generation & Returns
Cash Generation & Returns’ D erent miseenis Adjusted Net Income ($M) Capital Investments ($M) $42 $40 $41 $43 $30 " _ LJ 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 2 Operating Cash Flow Conversion ROIC? 161% 142% 17.9% 125% 17.5% 17.1% 84% L 53% 15.5% 18.3% 2021 2022 2023 2024 2025 2021 2022
Slide 18: Performance by Segment
Performance by Segment’23 WATER SYSTEMS DISTRIBUTION NET SALES FY 2025 YoY $1,256.4M up 6% Operating Income FY 2025 YoY $207.2M up 5% NET SALES FY 2025 YoY $700.7M up 2% (2% organic growth) Operating Income FY 2025 YoY $39.8M up 64% @ Franklin Electric ENERGY SYSTEMS NET SALES FY 2025 YoY $299.0M up
Slide 19: Non-GAAP Reconciliations
@ Franklin Electric Non-GAAP Reconciliations
Slide 20: Non-GAAP Reconciliations
Non-GAAP Reconciliations @D Frantain Electric To supplement Franklin Electric’s consolidated financial statements presented on a U.S. GAAP basis, the company discloses certain non-GAAP financial measures. These non-GAAP financial measures are not in accordance with generally accepted accounting prin
Slide 21: Reconciliation of Adjusted EPS
Franklin Electric Reconciliation of Adjusted EPS Non-GAAP Financial Measure Diluted Earnings per Share "EPS" Pension Settlement Restructuring Adjusted Diluted EPS (non-GAAP) $ FFA $ For the Fourth Quarter For the Full Year of 2025 2024 Change 2025 2024 Change 0.87 $ 0.72 21% $ 3.22 3.86 -17% (0.01)
Slide 22: Total Debt to Net Debt and Net Debt to EBITDA
Reconciliation of Non-GAAP Financial Measure Total Debt to Net Debt (Cash) and Net Debt to EBITDA $ in Millions Total debt Less: cash and cash equivalents Net (cash) debt Net income Depreciation and amortization Income tax expense Interest expense EBITDA Net debt to EBITDA as of December 31, 2025 As
Slide 23: Operating Cash Flow to Free Cash Flow
Reconciliation of Non-GAAP Financial Measure | rrenisin etecere Operating Cash Flow to Free Cash Flow $ in Millions 2025 2024 Qi Q2 Q3 Q4 YTD Ql Q2 Q3 Q4 YTD Cash flows from operating activities § (19.5) $515 $1027 $§ 847 $ 238.9 $ (1.4) $36.4 $1161 $1103 $ 2614 Cash flows from investing activities
Slide 24: Operating Cash Flow Conversion
Reconciliation of Non-GAAP Financial Measure Operating Cash Flow Conversion $in Millions @ Franklin Electric For the Full Year of 2025 2024 2023 2022 2021 Net Cash Flows from Operating Activities $ 2389 $ 2614 $ 315.7 $ 101.7 $ 1298 Net Income $ 1487 $ 1816 $ 1947 $ 1888 $ 1548 Pension Settlement, n
Slide 25: Return on Invested Capital (ROIC)
Reconciliation of Non-GAAP Financial Measure Return on Invested Capital (ROIC) $In millions Net Operating Income After Tax Operating income Restructuring Operating income before retructuring Tax rate as reported Income tax on operating income Net operating income after tax (A) Total Invested Capital
Slide 26: Reported Sales Growth to Organic Sales Growth
Reconciliation of Non-GAAP Financial Measure Reported sales growth to organic sales growth Net Sales Growth % Organic as Acquisitions Growth Reported % FX % %* Q4 2025 Consolidated 4 3 - Water 4 5 (3) Energy 9 - 8 Distribution 3 - 3 Full Year 2025 Consolidated 5 3 3 Water 6 4 2 Energy 3 - 9 Distribu
Slide 27: Thank You!
Thank You! e = . ‘ly , \ Jennifer Wolfenbarger, CFO Dean Cantrell, Director of IR 260-827-5520