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Q3 FY25 EARNINGS JUNE 27, 2025
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2 Forward-Looking Statements and Non-GAAP Measures Statements made in this presentation that are not historical are forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. In addition to statements with respect to guidance, the terms “outlook,” “guidance,” “may,” “should,” “could,” “anticipate,” “believe,” “estimate,” “expect,” “objective,” “plan,” “project” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to inherent risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements. In addition to the assumptions and other factors referred to specifically in connection with such statements, risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements include, without limitation, general economic uncertainty, the impact of geopolitical activity, including the armed conflicts in the Middle East, including the impact on shipping in the area and the invasion of Ukraine by Russia and international sanctions imposed in response thereto, market conditions in the industrial, oil & gas, energy, power generation, infrastructure, commercial construction, truck and automotive industries, supply chain risks, including disruptions in deliveries from suppliers due to political tensions and armed conflicts; impacts from the imposition, or threat of imposition, of tariffs, the ability of the Company to achieve its plans or objectives related to its growth strategy, market acceptance of existing and new products, market acceptance of price increases, successful integration of acquisitions, the impact of dispositions and restructurings, the ability of the Company to continue to achieve its plans or objectives related to the PEP program, operating margin risk due to competitive pricing and operating efficiencies, risks related to reliance on independent agents and distributors for the distribution and service of products, material, labor, or overhead cost increases, tax law changes, foreign currency risk, interest rate risk, commodity risk, tariffs, litigation matters, cybersecurity risk, impairment of goodwill or other intangible assets, the Company’s ability to access capital markets and other risks and uncertainties that may be referred to or noted in the Company’s reports filed with the Securities and Exchange Commission from time to time, including those described in the Company’s Form 10-K for the fiscal year ended August 31, 2024 and its Form 10-Q for the period ended February 28, 2025. Enerpac Tool Group disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason. This presentation also contains financial measures that are not measures presented in conformity with GAAP. These non-GAAP measures include organic sales, EBITDA from continuing operations, adjusted EBITDA from continuing operations, adjusted earnings from continuing operations, adjusted diluted earnings per share from continuing operations, adjusted operating profit from continuing operations, segment adjusted operating profit and adjusted EBITDA, adjusted SG&A, and net debt. The supplemental financial schedules appended at the end of this presentation include reconciliations of these non-GAAP measures to the most comparable GAAP measure. Enerpac Tool Group acknowledges that there are many items that impact a company’s reported results, and the adjustments reflected in these non-GAAP measures are not intended to present all items that may have impacted these results. In addition, these non-GAAP measures are not necessarily comparable to similarly titled measures used by other companies.
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3 Q3 Fiscal 2025 Revenue *Organic net sales is a non-GAAP measure and excludes the impact of foreign exchange rates, acquisitions, and dispositions identified in the accompanying reconciliations to GAAP measures. The summation of individual components may not equal the total due to rounding. ($ in millions) Net Sales Net Sales Organic 3Q25 3Q24 Change Growth* Industrial Tools & Service (IT&S) $153 $146 5.1% 1.5% IT&S Product $124 $118 5.6% 1.0% IT&S Service $29 $28 3.1% 3.4% Other (Cortland Biomedical) $5 $4 18.7% 18.7% Enerpac Tool Group $159 $150 5.5% 2.0%
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4 IT&S Organic Growth by Region * *Organic revenue growth excludes the impact of foreign exchange rates, acquisitions, and dispositions. FY24 IT&S Regional Sales Americas 46% EMEA 41% APAC 13% LSD = low single digit, MSD = mid single digit, HSD = high single digit, LDD = low double digit Region 3Q243Q25
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5 Q3 Fiscal 2025 Profitability *Adjusted SG&A, adjusted EBITDA, and adjusted EPS are non-GAAP measures and exclude restructuring and other charges identified in the accompanying reconciliations to GAAP measures. The calculation of year-over-year changes in basis points may differ due to rounding. ($ in millions, except EPS) YoY 3Q25 3Q24 Change Gross Margin 50.4% 51.8% -140 bps Adjusted SG&A * 25.5% 27.0% -160 bps Adjusted EBITDA* $41 $40 3% Adjusted EBITDA Margin 25.9% 26.4% -50 bps Adjusted EPS* $0.51 $0.47 9%
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N E T S A L E S $610 - $625M ~0-2% Organic Growth ~3-6% Total Growth A D J . E B I T D A* $150 - $160M F R E E C A S H F L O W $85 - $95M FY25 Guidance Key Assumptions: ▪ Targeting to outperform industry and gain market share ▪ No broad-based global recession 6*Adjusted for M&A and restructuring costs. Depreciation & Amortization ~$14 - $16M Interest Expense ~$13 - $15M Adjusted Tax Rate ~21 - 26% Cash Taxes ~$35 - $40M Capex ~$19 - $24M Key FX Rates $1.10/1€, $1.31/1£ Expecting to deliver towards the lower half of the range on Sales, Adjusted EBITDA, and Free Cash Flow
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7 Balanced Capital Allocation Strategy Invest in Ourselves Investments in Digital, Product Innovation, R&D, Operational Excellence Improvements Maintain Our Strong Balance Sheet Target Leverage of 1.5x – 2.5x Disciplined M&A Opportunistically Returning Capital to Shareholders ~2.1M shares remaining on current 10M share repurchase authorization Asset-Light Model Enables Strong FCF ** Strong Liquidity & Balance Sheet *As of May 31, 2025, calculated in accordance with the terms of the Company’s September 2022 senior credit facility. **The Company calculates free cash flow as cash from operations, less capital expenditures. ($ in millions) $54 $52 $78 $81 $12 $7 $9 $11 $42 $44 $69 $70 FY21 FY22 FY23 FY24 Cash & Equivalents $141 Revolver Capacity (Undrawn) $399 Total Liquidity $539 Total Debt $191 Net Debt/Adj. EBITDA* 0.4x
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8 ~$18M NETHERLANDS ~$5M UK ~$17M CHINA ~$50M TOTAL ANNUAL IMPORT VALUE UNITED STATES ~$6M REST OF WORLD ~$4M SPAIN Well Positioned to Mitigate Tariffs Mitigation Actions: • Global manufacturer with ability to flex capacity and shift certain aspects of production as needed. • Time tested successful playbook, with flexible supply chain and in-house capabilities for qualifying new suppliers and components. • Experienced sourcing team driving cost out, leveraging PEP initiatives. • Continually optimizing production and logistics through PEP. • Implemented price increases and surcharges. • Maximizing duty drawbacks where applicable. • Continuing to monitor discretionary spending closely. Goal to remain at least price/cost neutral ~$18M in annualized tariff expenses under current framework, ~$12M increase over FY24
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9 New Global Innovation Lab Improves R&D Efficiency New innovation lab located in Milwaukee improves prototyping capabilities, driving innovation at an increased speed to market. CASE STUDY Utilized new in-house CNC capabilities to produce two prototype foam inserts for our pin pulling kit, significantly reducing production time and costs. A protype vendor would have required ~19 days to initiate the project. Production would have continued another ~20 days. Enerpac was able to design and begin production in-house within a day, then finish the protype the next day. ~39 days $3,860 2 days $500 Production: Cost: VENDOR IN-HOUSE CNC Metal Working CNC mill, lathe, & water jet cutter Welding & Fabrication MIG / TIG, bent sheet metal Finishing Sprayed finishes Test Lab & Inspection Load testing, data acquisition, temp testing, inspection Assembly Tools and workspace for basic mechanical tasks 3D Printing Desktop 3D printing + industrial printer General Prototyping Wood & plastics Basic Testing Load testing, data acquisition, temperature testing ADDITIONS BEFORE EXPANSION IN-HOUSE CAPABILITIES
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10 Appendix
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11 Historical Quarterly Results ($ in millions, except per share) *Adjusted Operating Profit, Adjusted EBITDA and Adjusted Diluted EPS exclude restructuring and other charges identified in the accompanying reconciliations to GAAP measures. Organic net sales excludes the impact of foreign exchange rates, acquisitions, and dispositions. The Enerpac Tool Group quarterly earnings releases and full GAAP to non-GAAP reconciliations are available online at https://ir.enerpactoolgroup.com/ $156 $161 $142 $138 $150 $159 $145 $146 $159 4% 9% 5% 2% 1% 1% -1% 5% 2% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Net Sales & YoY Organic Growth* $37 $40 $35 $34 $40 $39 $34 $34 $41 24% 25% 25% 25% 26% 24% 24% 23% 26% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Adjusted EBITDA and Margin* $34 $37 $32 $32 $37 $36 $31 $31 $38 22% 23% 23% 23% 25% 23% 22% 21% 24% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Adjusted Operating Profit and Margin* $0.39 $0.42 $0.39 $0.36 $0.47 $0.50 $0.40 $0.39 $0.51 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Adjusted Diluted EPS*
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12LSD = low single digit, MSD = mid single digit, HSD = high single digit, LDD = low double digit , HT = high teens IT&S Organic Growth by Region Regional IT&S Organic Growth by Region Americas EMEA APAC 1Q23 +HT +HSD +LSD 2Q23 +LDD +MSD +MSD 3Q23 +MSD Flat +HT 4Q23 +HSD +MSD +HT 2023 +LDD +MSD +LDD 1Q24 +MSD +HSD +LSD 2Q24 +LSD +MSD -LSD 3Q24 -LSD +LDD -LDD 4Q24 Flat +LSD -MSD 2024 +LSD +HSD -MSD 1Q25 -MSD +LSD +MSD 2Q25 +HSD -LSD +HSD 3Q25 +HSD -HSD +MSD
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13 Reconciliation of Non-GAAP Measures The Enerpac Tool Group fiscal 2025 Q3 earnings release and full GAAP to non-GAAP reconciliation is available online at https://ir.enerpactoolgroup.com/ The summation of individual components may not equal the total due to rounding. (US$ in millions) Consolidated Organic Sales by Quarter Q3 FY25 Organic Sales by Category Q1 FY23 Q1 FY22 % Change Net Sales $139 $131 6% Fx Impact - (7) Total $139 $124 13% Q2 FY23 Q2 FY22 % Change Net Sales $142 $137 4% Fx Impact - (3) Total $142 $133 6% Q3 FY23 Q3 FY22 % Change Net Sales $156 $152 2.9% Fx Impact - (2) Total $156 $150 4.3% Q4 FY23 Q4 FY22 % Change Net Sales $161 $152 5.8% Fx Impact - 1 Divestiture 0 (6) Total $160 $148 8.8% ETG Organic Sales - Q4 FY23 vs. Q4 FY22 ETG Organic Sales - Q1 FY23 vs. Q1 FY22 ETG Organic Sales - Q2 FY23 vs. Q2 FY22 ETG Organic Sales - Q3 FY23 vs. Q3 FY22 Q1 FY24 Q1 FY23 % Change Net Sales $142 $139 1.9% Fx Impact - 2 Divestiture - (7) Total $142 $135 5.5% Q2 FY24 Q2 FY23 % Change Net Sales $138 $142 -2.5% Fx Impact - 0 Divestiture - (6) Total $138 $136 1.8% Q3 FY24 Q3 FY23 % Change Net Sales $150 $156 -3.8% Fx Impact - (1) Divestiture - (7) Total $150 $149 1.2% Q4 FY24 Q4 FY23 % Change Net Sales $590 $598 -1.5% Fx Impact - 1 Divestiture - (23) Total $590 $577 2.2% ETG Organic Sales - Q4 FY24 vs. Q4 FY23 ETG Organic Sales - Q1 FY24 vs. Q1 FY23 ETG Organic Sales - Q2 FY24 vs. Q2 FY23 ETG Organic Sales - Q3 FY24 vs. Q3 FY23 Q1 FY25 Q1 FY24 % Change Net Sales $145 $142 2.3% Fx Impact - 1 Acquisition (3) 0 Total $142 $143 -0.8% Q2 FY25 Q2 FY24 % Change Net Sales $146 $138 5.1% Fx Impact - (3) Acquisition (3) 0 Total $142 $136 5.0% Q3 FY25 Q3 FY24 % Change Net Sales $159 $150 5.5% Fx Impact - 1 Divestiture (5) 0 Total $154 $151 2.0% YTD Q3 FY25 YTD Q3 FY24 % Change Net Sales $449 $431 4.3% Fx Impact - (1) Acquisition (11) 0 Total $439 $430 2.0% ETG Organic Sales - YTD Q3 FY25 vs. YTD Q3 FY24 ETG Organic Sales - Q1 FY25 vs. Q1 FY24 ETG Organic Sales - Q2 FY25 vs. Q2 FY24 ETG Organic Sales - Q3 FY25 vs. Q3 FY24Fiscal 2023 Fiscal 2025Fiscal 2024 Q3 FY25 Q3 FY24 % Change Net Sales $153 $146 5.1% Fx Impact - 1 Acquisitions (5) - Total $149 $147 1.5% Q3 FY25 Q3 FY24 % Change Net Sales $124 $118 5.6% Fx Impact - 1 Acquisitions (5) - Total $120 $119 1.0% Q3 FY25 Q3 FY24 % Change Net Sales $29 $28 3.1% Fx Impact - 0 Acquisitions - - Total $29 $28 3.4% Q3 FY25 Q3 FY24 % Change Net Sales $5 $4 18.7% Fx Impact - - Total $5 $4 18.7% Other Sales - Q3 FY25 vs. Q3 FY24 IT&S Organic Sales - Q3 FY25 vs. Q3 FY24 IT&S Organic Product Sales - Q3 FY25 vs. Q3 FY24 IT&S Organic Service Sales - Q3 FY25 vs. Q3 FY24
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14 Reconciliation of Non-GAAP Measures The Enerpac Tool Group fiscal 2025 Q3 earnings release and full GAAP to non-GAAP reconciliation is available online at https://ir.enerpactoolgroup.com/ The summation of individual components may not equal the total due to rounding. (US$ in millions, except per share) Net Sales Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Enerpac Tool Group $156 $161 $142 $138 $150 $159 $145 $146 $159 EBITDA Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Net earnings from continuing operations $17 $23 $18 $18 $23 $23 $22 $21 $22 Financing costs, net 3 3 4 4 3 3 3 2 2 Income tax expense 5 5 6 7 7 3 6 7 6 Depreciation & amortization 4 4 3 3 3 3 4 3 4 EBITDA $29 $35 $31 $32 $36 $33 $34 $34 $34 Adjusted Operating Profit Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Operating Profit $25 $32 $29 $30 $33 $30 $31 $31 $32 Impairment & divestiture (benefit) charges - (6) - - - - - - - Restructuring charges (1) 2 1 2 - 2 3 - - 6 M&A charges - 1 - - - - - 0 1 ASCEND transformation program charges 6 9 1 2 2 2 - - - Adjusted Operating Profit $34 $37 $32 $32 $37 $36 $31 $31 $38 Adjusted Operating Profit % 21.7% 23.0% 22.8% 22.8% 24.6% 22.5% 21.5% 21.4% 24.1% Adjusted EBITDA Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 EBITDA $29 $35 $31 $32 $36 $33 $34 $34 $34 Impairment & divestiture (benefit) charges - (6) - - - - - - - Restructuring charges (1) 2 1 2 - 2 4 - - 6 M&A charges - 1 - - - - - 0 1 ASCEND transformation program charges 6 9 1 2 2 2 - - - Adjusted EBITDA $37 $40 $35 $34 $40 $39 $34 $34 $41 Adjusted EBITDA % 24.0% 24.9% 24.6% 24.8% 26.4% 24.3% 23.6% 23.2% 25.9% Adjusted Net Earnings from Continuing Operations Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Net Earnings $12 $22 $18 $18 $26 $24 $22 $21 $22 Earnings (loss) from Discontinued Operations, net of income tax (5) (1) (1) - 3 1 - - - Net Earnings from Continuing Operations $17 $23 $18 $18 $23 $23 $22 $21 $22 Impairment & divestiture (benefit) charges - (6) - - - - - - - Restructuring charges (1) 2 1 2 - 2 3 - - 6 M&A charges - 1 - - - - - 0 1 ASCEND transformation program charges 6 9 1 2 2 2 - - - Net tax effect of reconciling items above (3) (4) - - (1) (2) - 0 (1) Adjusted Net Earnings from Continuing Operations $22 $23 $22 $20 $26 $27 $22 $21 $28 Adjusted Diluted Earnings per share from Continuing Operations Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Net Earnings $0.22 $0.40 $0.32 $0.33 $0.47 $0.44 $0.40 $0.38 $0.41 Earnings (loss) from Discontinued Operations, net of income tax (0.08) (0.02) (0.01) (0.00) 0.06 0.02 - - - Net Earnings from Continuing Operations $0.30 $0.41 $0.33 $0.33 $0.41 $0.43 $0.40 $0.38 $0.41 Impairment & divestiture (benefit) charges, net of tax effect - (0.11) - - - - - - - Restructuring charges (1), net of tax effect 0.03 0.01 0.04 - 0.02 0.04 - - 0.09 M&A charges, net of tax effect - 0.01 - - - - - - 0.01 ASCEND transformation program charges, net of tax effect 0.06 0.10 0.02 0.03 0.03 0.03 - - - Adjusted Diluted Earnings per share from Continuing Operations $0.39 $0.42 $0.39 $0.36 $0.47 $0.50 $0.40 $0.39 $0.51
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15The Enerpac Tool Group fiscal 2025 Q3 earnings release and full GAAP to non-GAAP reconciliation is available online at https://ir.enerpactoolgroup.com/ The summation of individual components may not equal the total due to rounding. Reconciliation of Non-GAAP Measures (US$ in millions) Adjusted Selling, general and administrative expenses Q3 FY24 Q3 FY25 Selling, general and administrative expenses $44 $47 Selling, general and administrative expenses % 29.1% 29.6% Selling, general and administrative expenses $44 $47 SG&A Restructuring charges (1) (2) (6) M&A charges - (1) SG&A ASCEND transformation program charges (1) - Adjusted Selling, general and administrative expenses $41 $40 Adjusted Selling, general and administrative expenses % 27.0% 25.5% Year to Date Free Cash Flow FY2021 FY2022 FY2023 FY2024 FY2025 Q2 FY2025 Q3 Cash provided by operating activities 54 52 78 81 16 56 Capital expenditures (12) (7) (9) (11) (12) (16) Free Cash Flow 42 44 69 70 5 40
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16The Enerpac Tool Group fiscal 2025 Q3 earnings release and full GAAP to non-GAAP reconciliation is available online at https://ir.enerpactoolgroup.com/ The summation of individual components may not equal the total due to rounding. Notes to Reconciliation of Non-GAAP Measures (1) Approximately $0.4 million of the Q4 fiscal 2024 restructuring charges were recorded in cost of products sold. (2) EBITDA represents net earnings from continuing operations before financing costs, net, income tax expense, and depreciation & amortization. Neither EBITDA nor adjusted EBITDA are calculated based upon generally accepted accounting principles ("GAAP"). The amounts included in the EBITDA and adjusted EBITDA calculation, however, are derived from amounts included in the Condensed Consolidated Statements of Earnings. EBITDA and adjusted EBITDA should not be considered as alternatives to net earnings, operating profit or operating cash flows. The Company has presented EBITDA and adjusted EBITDA because it regularly reviews these performance measures. In addition, EBITDA and adjusted EBITDA are used by many of our investors and lenders, and are presented as a convenience to them. The EBITDA and adjusted EBITDA measures presented may not always be comparable to similarly titled measures reported by other companies due to differences in the components of the calculation. (3) Organic Sales (formerly referred to as "core sales") is defined as sales excluding the impact to foreign currency changes and the impact from recent acquisitions and divestitures to net sales (4) Adjusted earnings from continuing operations and adjusted diluted earnings per share represent net earnings and diluted earnings per share per the Condensed Consolidated Statements of Earnings net of charges or credits for items to be highlighted for comparability purposes. These measures are not calculated based upon GAAP and should not be considered as an alternative to net earnings or diluted earnings per share or as an indicator of the Company's operating performance. However, this presentation is important to investors for understanding the operating results of the current portfolio of Enerpac Tool Group companies. For all reconciliations of GAAP measures to Non-GAAP measures, the summation of the individual components may not equal the total due to rounding. With respect to the earnings per share reconciliations the impact of share dilution on the calculation of the net earnings or loss per share and discontinued operations per share may result in the summation of these components not equaling the total earnings per share from continuing operations.