Feb 17, 2026 at 9:10 PM UTC

WESCO International: Q1 2026 Investor Deck

Wesco International

Q1 2026 Investor Presentation

Why Invest in Wesco

Key elements of our investment thesis

Market leader serving attractive end-markets

Best positioned to deliver outsized growth due to the secular trends of AI-driven data centers, increased power generation and demand, electrification, IoT/automation and reshoring

Significant cash generation to invest in additional

services and acquisitions

Capital prioritized to invest in M&A, while supporting a consistent stock buyback program and increasing dividends

Wesco is leveraging its sustainable value creation generating attractive returns with significant multiple expansion opportunity

Business transformation to drive efficiencies and expand margins; enabled by digital ecosystem

Will enable Wesco to accelerate our growth through greater cross-sell, expand our margins through pricing and operating leverage, and increase our working capital turns by leveraging our single global IT instance

Wesco is a Leading Supply Chain Solutions Provider with Global Capabilities

12%

$23.5 Billion in sales in 2025

Millions of products

130,000 customers

700+ locations

23%

Sales by

Business Unit1

38%

39%

14%

Sales by

Geography1

74%

End-Markets

Utility
Data Center
Construction
Network Infrastructure & Broadband
Security
Industrial
OEM
CSS EES UBS
US Canada Rest of World
Services
Advisory Services
Installation Enhancement
Project Deployment
Supply Chain Services

Sales mixes by SBU and geography are for the fiscal year ended December 31, 2025.

Attractive Long-Term Secular Growth Drivers

Digitalization

Al-driven data centers Automation and loT

24/7 Connectivity and security

Power Generation

and Reliability

Base load demand growth Electrification

Grid hardening and modernization

Supply Chain

Resiliency

Diversification and regionalization Onshoring and reshoring

U.S. industrial renaissance

Cash Generation Provides Capital Allocation Catalyst

Capital Allocation Framework

Leveraging strong cash generation to drive operational performance, portfolio transformation and returns to shareholders.

Organic Investment

Investment in capex and opex to drive organic growth

Free Cash Flow

100% Free Cash Flow Conversion

through the Cycle

Acquisitions, return of cash to shareholders and debt paydown

Value Accretive M&A and Optionality

Top priority is M&A, followed by additional share repurchase and debt paydown

~75%

Return Cash

Continue to buy back stock while maintaining a modest dividend

~25%

Reinforcing Our M&A Framework

Revenue and cost synergies to create accretive M&A value for shareholders

Two Strategic Priorities for M&A

Industry Consolidation

Large M&A within the core business
Significant revenue and cost synergies
Operating leverage through scale
Expand Services and Capabilities
Companies with complementary digital capabilities and/or value-added service offerings
Increase revenue with new and existing customers
Accretive margin profile

Increase exposure to secular

trends and expand capabilities

A Technology-Enabled Business Transformation

Examples of Wesco's digital

transformation impact

Across the value chain,

our transformation is a win-win for customers, suppliers and our business

Transformation

Technology Enabled Business

Flexible tools and open architecture enables faster updates

Sales representatives have a complete view of the customer relationship

Tools and capabilities that separate us from our peers

Driving Toward Mid- and Long-Term EBITDA Margin Expansion

Target 10%+

Long-Term

2028 - 2030+

Mid-Term

2025 - 2027

5-8%

Growth

4-6% Organic

40-50 bps

EBITDA margin / year

Digital

Adjusted EBITDA1 Margin %

2026

Outlook2

4-6%

Growth

3-5% Organic

~1% M&A

20-30 bps

EBITDA margin / year

Operating Leverage
1-2% M&A
5-8% Reported
Transformation
SG&A Efficiencies
Cross Sell
M&A

2019

5.2%

2024

6.9%

2025

6.5%

~6.8%

4-6% Reported

Gross Margin improvement

1 See appendix for non-GAAP definitions and reconciliations.

2 2026 outlook provided on February 10, 2026.

Mid and long-term targets provided at September 2024 Investor Day.

Our Roadmap to the Future

Wesco is leveraging its clear and sustainable drivers of value creation generating attractive returns

Capturing benefits of our Digital Transformation

Nearly complete with our core technology and capabilities build; the

financial and strategic benefits will enable our long-term targets

Progressing toward our 10%+ EBITDA margin

We are focused on our target by 2030+, with multiple drivers for

taking margins higher after ~130 bps improvement since 2019

Generating strong and consistent cash flow

We target free cash flow conversion of 100% through the cycle, in

line with historical performance

Strategic capital deployment will substantially accelerate growth and margin expansion

Executing our M&A strategy within an approach that also allocates capital for internal investment and return of cash to shareholders

Appendix

2026 Strategic Business Unit Sales Growth Drivers

Expected reported sales of 5% to 8%, with organic sales range of 4% to 7%

% of Wesco

2025 Sales

2026

Outlook

SBU Sales

Breakdown1

2025

Actual

2026

Outlook

Communication & Security Solutions

Reported Sales Growth Reported Sales Growth

Enterprise Network Infrastructure

Data Center expected to be up mid-teens %

Data Center

Security

39% Up HSD+

Electrical & Electronic Solutions	38% Up MSD	Construction
		Industrial
		OEM

Utility

Utility & Broadband Solutions

23% Up LSD - MSD

Broadband

1 Bar sizes indicate the percentage of SBU sales of full year 2025.

Full-Year 2026 Outlook

2026 Outlook Assumptions

(millions, except effective tax rate)

FY 2026

Depreciation and Amortization ~$195-$205 Cloud Computing Amortization Expense Adjustment ~$50

Stock Compensation Expense Adjustment ~$40 Interest Expense ~$360-$375

Other Expense, net ~$10

Capital Expenditures ~$100

Share Count 49-49.5

Effective Tax Rate ~26%-27%

(~27% in Q2-Q4)

2026 growth targets reflect solid momentum and continued operating execution

2026 Outlook

	Organic sales growth	4% - 7%
	Estimated Fx impact	~1%
Sales	M&A and Workday impact	0%
	Reported sales growth	5% - 8%
	Reported sales	$24.7 - $25.4 billion
Adjusted EBITDA	Adjusted EBITDA margin	6.6% - 7.0%
Adjusted EPS	Adjusted diluted EPS	$14.50 - $16.50
Cash	Free cash flow	$500 - $800 million

2026 Underlying Assumptions

Cloud computing amortization and stock-based compensation are included in SG&A expense for adjusted EPS but are not included in adjusted EBITDA
Carryover pricing expected to add ~2 points to the topline; the impact of future pricing is not incorporated in the outlook
One mid-year interest rate cut of 25 bps incorporated into interest expense outlook

See appendix for non-GAAP definitions and reconciliations.

First Quarter 2026 Outlook

Positive momentum continued in January with preliminary sales per workday up ~15%

Q1 Outlook

YOY

Reported Sales

Up HSD

Adjusted EBITDA %

15%

YOY Organic Sales Trends

Q4-24 Q1-25 Q2-25 Q3-25 Q4-25

+2% +6% +7% +12% +9%

Up YOY

(5)%

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Diversification Across High-Growth End-Markets

Broad capabilities set the path for our next chapter

18%

21%

10%

11%

14%

17%

Utility

Data Center

Construction Network Infrastructure & Broadband

Security Industrial OEM

Note: Sales percentages are on a trailing twelve-month (TTM) basis through Dec 31, 2025.

Communications & Security Solutions (CSS)

Well positioned in global AI-driven data center space

29%

Security

Sales by

41%

Data Center

26%

ROW

Canada

Sales by

68%

U.S.

30%

Enterprise Network Infrastructure

End-Market1

Geography1

1 Sales percentages are for the fiscal year ended December 31, 2025.

Segment Overview

Provider of connectivity, power, security, safety, energy management and wireless solutions
Supporting diverse industries including technology, finance, telecommunications, transportation, education, government, healthcare and retail
Well positioned within the data center, with capabilitiess in both white space and grey space

Industry Leading Scale

and Scope

$9.1 Billion FY 2025 Sales

50+ Countries

Global leader in data center, network infrastructure and security

Data center sales totaled $4.3B, up ~50% in 2025

Data center sales were ~18% of Wesco company 2025 sales

Data center building intelligence software

Data center facility services across the entire lifecycle

June 2024

December 2024

Hyperscale solutions

Growth and Expansion

of Capabilities Through M&A

November 2022

Total Data Center (all SBUs)

Sales and YOY Growth

$4.3B

in 2025

Up ~60% Up ~30%

Up ~10% Up ~20%

Up ~50%

Up ~65%

Up ~90% Up ~70%

~$1.2B

Q1 '24

Q2 '24

Q3 '24

Q4 '24

Q1 '25

Q2 '25

Q3 '25

Q4 '25

3-5 Years Time to Power

Land acquisition with access to power Transmission lines to a substation for site Generator sets to enable backup power Transformers to data center

Site

Substation

Transformers

Generators

1-2 Year Construction Period

Civil construction

Mechanical, plumbing and electrical equipment

Electrical distribution inside data hall

Commissioning

Data Center

gray space

white space

Data Center Product, Services and Solutions Offering

Providing holistic services and solutions for every phase of the data center lifecycle

Gray Space

End-to-end electrical, automation and MRO capabilities

Data Center

White Space

Extensive next-generation infrastructure and services for always-on connectivity

Electrical Infrastructure

Building wire, cable trays, medium-voltage cable, switch gear, UPS systems

Mechanical and Cooling

Automated switches and sensors, chillers, Computer Room Air Conditioning (CRAC), thermal

MRO, Safety and Other

Communication devices, janitorial, lighting, tools and equipment

Gray Space

20%

White Space

80%

Physical Security, IoT, Pro A/V

Access control, sensors and monitoring, video surveillance

Communications Infrastructure

Copper and fiber cabling systems, racks and enclosures, high-speed interconnects

IT Infrastructure Compute, network, storage, wireless technologies

Wesco data center sales mix

Services and Solutions for Every Phase of the Data Center Lifecycle

Pre-construction

Advisory Services

Grid Services

Installation Enhancement

Rack and Roll Services

Project Deployment Services

Managed Services

Operations

Global Ecosystem Expansive Portfolio Holistic Solutions

Electrical & Electronic Solutions (EES)

Electrification, automation and reshoring drive growth

25%

OEM

26%

Industrial

Sales by End-Market1

49%

Construction

24%

Canada

ROW

Sales by Geography1

67%

U.S.

1 Sales percentages are for the fiscal year ended December 31, 2025.

Segment Overview

Provider of electrical, MRO, safety and automation solutions
Broad range of products and solutions primarily to the construction, industrial and OEM markets
Uniquely positioned to provide the critical infrastructure expertise and solutions that enable the technologies of tomorrow

Industry Leading Scale and Scope

$9.0 Billion FY 2025 Sales

50+ Countries

#1 Electrical Distributor in North America

Utility & Broadband Solutions (UBS)

Long-term capex budgets and large-scale data center projects drive growth

11%

Broadband

Canada

Sales by End-Market1

89%

Utility

Sales by

Geography1

91%

U.S.

1 Sales percentages are for the fiscal year ended December 31, 2025.

Segment Overview

Services and solutions for investor-owned utilities, public power companies and municipalities, as well as contractors that service these customers
Complete solutions for service providers, broadband and wireless customers
Leading provider of grid and network modernization, hardening, renewable deployments, smart technologies

Industry Leading Position and Value Proposition

$5.7 Billion FY 2025 Sales

#1 Utility and Broadband Distributor in North America

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