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Q4 FY25 EARNINGS OCTOBER 16, 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 1995that involve risks and uncertainties. In addition to statements with respect to guidance, the terms “outlook,” “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 and other trade restrictions, 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 or maintain operational improvements related to the ASCEND program and other restructuring actions, 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 May 31, 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, except to the extent required by law. 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 EBITDA margin, adjusted net earnings from continuing operations, adjusted earnings per share from continuing operations, adjusted operating profit from continuing operations, adjusted operating profit margin, 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. Adjusted diluted earnings per share anticipated for fiscal year 2026 is calculated in a manner consistent with the historical presentation of that measure in the accompanying tables. Because of the forward-looking nature of this estimate, it is impractical to present a quantitative reconciliation of this non-GAAP measure to the comparable GAAP measure, and accordingly no such GAAP measure for that period is being presented.
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3 Fiscal 2025: Solid Progress in a Challenging Environment ▪ Record revenue since the relaunch of Enerpac Tool Group in 2019 ▪ Delivered EBITDA margin of nearly 25% ▪ Customer-driven innovation continues with launch of five new products ▪ Successful integration of DTA with excellent cross-selling opportunities ▪ eCommerce growth of 32% ▪ ECX driving growth in Americas; rolling out globally ▪ Returned $69 million of capital to shareholders
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4 Fiscal 2025 Revenue Growth *Organic sales is a non-GAAP measure and excludes the impact of foreign exchange rates, and recent acquisitions and dispositions identified in the accompanying reconciliations to GAAP measures. ($ in millions) Net Sales Net Sales Organic FY25 FY24 Change Growth* Industrial Tools & Service (IT&S) $596 $571 4.3% 0.5% IT&S Product $479 $456 5.1% 0.3% IT&S Service $117 $116 1.1% 1.3% Other (Cortland Biomedical) $21 $18 14.8% 14.8% Enerpac Tool Group $617 $590 4.6% 1.0%
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5 FY25 IT&S Regional Sales IT&S Organic Growth by Region* Americas 46% EMEA 40% APAC 14% Region Fiscal 20254Q25 *Organic sales is a non-GAAP measure and excludes the impact of foreign exchange rates, and recent acquisitions and dispositions identified in the accompanying reconciliations to GAAP measures.
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6 Fiscal 2025 Profitability *Adjusted SG&A, adjusted EBITDA, adjusted EBITDA margin, and adjusted EPS are non-GAAP measures and exclude restructuring and other charges identified in the accompanying reconciliations to GAAP measures. The calculation of year-over-year changes in basis points may differ due to rounding. ($ in millions, except EPS) YoY FY25 FY24 Change Gross Margin 50.5% 51.1% -60 bps Adjusted SG&A * 26.8% 27.6% -80 bps Adjusted EBITDA* $154 $147 4.1% Adjusted EBITDA Margin 24.9% 25.0% -10 bps Adjusted EPS* $1.81 $1.72 5.2%
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7 4Q25 Results *Organic sales is a non-GAAP measure and excludes the impact of foreign exchange rates, and recent acquisitions and dispositions identified in the accompanying reconciliations to GAAP measures. Adjusted SG&A, adjusted EBITDA, adjusted EBITDA margin, and adjusted EPS are non-GAAP measures and exclude restructuring and other charges identified in the accompanying reconciliations to GAAP measures. ($ in millions, except EPS) YoY 4Q25 4Q24 Change Net Sales $168 $159 5.5% Organic Growth* -1.8% 0.9% IT&S Organic Growth -2.2% 0.8% IT&S Product Organic Growth -1.0% -1.0% IT&S Service Organic Growth -7.4% 9.7% Gross Margin 50.1% 48.8% +130 bps Adjusted SG&A * 24.9% 26.0% -110 bps Adjusted EBITDA* $44 $39 15.1% Adjusted EBITDA Margin 26.5% 24.3% +220 bps Adjusted EPS* $0.52 $0.50 4.0%
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Strong Liquidity & Balance Sheet 8 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 Opportunistically Returning Capital to Shareholders • ~9 million shares purchased under 2022 authorization • New $200 million authorization Asset-Light Model Enables Strong FCF ** *As of August 31, 2025, calculated in accordance with the terms of the Company’s September 2022 senior credit facility. **The Company calculates free cash flow as cash from operations, less capital expenditures. ($ in millions) Cash & Equivalents $152 Revolver Capacity (Undrawn) $399 Total Liquidity $551 Total Debt $190 Net Debt/Adj. EBITDA* 0.3x $54 $52 $78 $81 $111 $12 $8 $9 $11 $19 $42 $44 $69 $70 $92 FY21 FY22 FY23 FY24 FY25 CFO CAPEX FCF Disciplined M&A Additional resources to expand funnel and increase deal flow
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N E T S A L E S $635 - $655M ~1-4% Organic Growth A D J U S T E D E B I T D A* $158 - $168M F R E E C A S H F L O W * $100 - $110M FY26 Guidance 9*Adjusted EBITDA, free cash flow, and adjusted EPS are non-GAAP measures. Reconciliations to GAAP measures are included in the Appendix. Targeting to outperform industry and gain market share A D J U S T E D E P S* $1.85 - $2.00 Depreciation & Amortization ~$16 - $18M Interest Expense ~$7 - $10M Adjusted Tax Rate ~21 - 26% Cash Taxes ~$28 - $32M Capex ~$10 - $15M Key FX Rates $1.16/1€, $1.35/1£
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10 Investing in Growth Hydratight Service Center opened in Al Jubail, Saudi Arabia Conducted ~1,000 customer demos for BTW globally in Q4, accelerating lead generation and creating end-user demand
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11 Investing in Growth Reduced distributor count by ~50% through the application of 80/20 since fiscal 2022 Expanded Innovation Lab enables rapid prototyping 1,500+ ~1000 ~900 ~800 FY22 FY23 FY24 FY25 Global Distributor Count at Fiscal Year End
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12 Enerpac Technology in Action Enerpac EVO Synchronous Lifting System utilized to raise and help relocate the Kiruna Church in Sweden. Enerpac JS250 Jack-Up System lifted and positioned 100+ ton bridge element in Denmark.
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13 Appendix
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14 Historical Quarterly Results ($ in millions, except per share) *Adjusted operating profit, adjusted operating profit margin, adjusted EBITDA, adjusted EBITDA margin, and adjusted EPS exclu de restructuring and other charges identified in the accompanying reconciliations to GAAP measures. Adjusted EBITDA margin and adjusted operating profit margin are calculated by dividing adjusted EBITDA and adjusted operating profit, respect ively, for a period by net sales for the period. Organic sales excludes the impact of foreign exchange rates, and recent 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/ $161 $142 $138 $150 $159 $145 $146 $159 $168 9% 5% 2% 1% 1% -1% 5% 2% -2% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Net Sales & YoY Organic Growth* $40 $35 $34 $40 $39 $34 $34 $41 $44 25% 25% 25% 26% 24% 24% 23% 26% 27% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Adjusted EBITDA and Margin* $37 $32 $32 $37 $36 $31 $31 $38 $40 23% 23% 23% 25% 23% 22% 21% 24% 24% 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Adjusted Operating Profit and Margin* $0.42 $0.39 $0.36 $0.47 $0.50 $0.40 $0.39 $0.51 $0.52 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Adjusted Diluted EPS*
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15LSD = low single digit, MSD = mid single digit, HSD = high single digit, LDD = low double digit , HT = high teens IT&S Organic Growth by Region Regional IT&S Organic Growth by Region Americas EMEA APAC 1Q23 +HT +HSD +LSD 2Q23 +LDD +MSD +MSD 3Q23 +MSD Flat +HT 4Q23 +HSD +MSD +HT FY23 +LDD +MSD +LDD 1Q24 +MSD +HSD +LSD 2Q24 +LSD +MSD -LSD 3Q24 -LSD +LDD -LDD 4Q24 Flat +LSD -MSD FY24 +LSD +HSD -MSD 1Q25 -MSD +LSD +MSD 2Q25 +HSD -LSD +HSD 3Q25 +HSD -HSD +MSD 4Q25 +LSD -HSD +HSD FY25 +LSD -MSD +HSD
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16 Reconciliation of Non-GAAP Measures The Enerpac Tool Group fiscal 2025 Q4 earnings release and full GAAP to non-GAAP reconciliation is available online at https://ir.enerpactoolgroup.com/ The summation of individual components may not equal the total due to rounding. (US$ in millions) Consolidated Organic Sales by Quarter3 IT&S Organic Sales by Category3Fiscal 2023 Fiscal 2025Fiscal 2024 YTD Q4 FY25 YTD Q4 FY24 % Change Net Sales $596 $571 4.3% Fx Impact - 2 Acquisitions (20) - Total $576 $573 0.5% YTD Q4 FY25 YTD Q4 FY24 % Change Net Sales $479 $456 5.1% Fx Impact - 2 Acquisitions (20) - Total $459 $458 0.3% YTD Q4 FY25 YTD Q4 FY24 % Change Net Sales $117 $116 1.1% Fx Impact - 0 Total $117 $115 1.3% YTD Q4 FY25 YTD Q4 FY24 % Change Net Sales $21 $18 14.8% Fx Impact - - Total $21 $18 14.8% Other Sales - YTD Q4 FY25 vs. YTD Q4 FY24 IT&S Organic Sales - YTD Q4 FY25 vs. YTD Q4 FY24 IT&S Organic Product Sales - YTD Q4 FY25 vs. YTD Q4 FY24 IT&S Organic Service Sales - YTD Q4 FY25 vs. YTD Q4 FY24 Q1 FY23 Q1 FY22 % Change Net Sales $139 $131 6% Fx Impact - (7) Organic $139 $124 13% Q2 FY23 Q2 FY22 % Change Net Sales $142 $137 4% Fx Impact - (3) Organic $142 $133 6% Q3 FY23 Q3 FY22 % Change Net Sales $156 $152 3% Fx Impact - (2) Organic $156 $150 4% Q4 FY23 Q4 FY22 % Change Net Sales $161 $152 6% Fx Impact - 1 Divestiture 0 (6) Organic $160 $148 9% YTD FY23 YTD FY22 % Change Net Sales $598 $571 6% Fx Impact - (11) Divestiture 0 (6) Organic $598 $555 9% ETG Organic Sales - FY23 vs. FY22 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 2% Fx Impact - 2 Divestiture - (7) Organic $142 $135 5% Q2 FY24 Q2 FY23 % Change Net Sales $138 $142 -2% Fx Impact - 0 Divestiture - (6) Organic $138 $136 2% Q3 FY24 Q3 FY23 % Change Net Sales $150 $156 -4% Fx Impact - (1) Divestiture - (7) Organic $150 $149 1% Q4 FY24 Q4 FY23 % Change Net Sales $159 $161 -1% Fx Impact - (1) Divestiture - (3) Organic $159 $157 1% YTD FY24 YTD FY23 % Change Net Sales $590 $598 -1% Fx Impact - 1 Divestiture - (23) Organic $590 $577 2% ETG Organic Sales - FY24 vs. FY23 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 Organic $142 $143 -0.8% Q2 FY25 Q2 FY24 % Change Net Sales $146 $138 5% Fx Impact - (3) Acquisition (3) 0 Organic $142 $136 5% Q3 FY25 Q3 FY24 % Change Net Sales $159 $150 6% Fx Impact - 1 Divestiture (5) 0 Organic $154 $151 2% Q4 FY25 Q4 FY24 % Change Net Sales $168 $159 6% Fx Impact - 3 Divestiture (9) 0 Organic $159 $162 -2% YTD Q4 FY25YTD Q4 FY24 % Change Net Sales $617 $590 5% Fx Impact - 2 Acquisition (20) 0 Organic $597 $592 1% ETG Organic Sales - FY25 vs. FY24 ETG Organic Sales - Q4 FY25 vs. Q4 FY24 ETG Organic Sales - Q1 FY25 vs. Q1 FY24 ETG Organic Sales - Q2 FY25 vs. Q2 FY24 ETG Organic Sales - Q3 FY25 vs. Q3 FY24
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17The Enerpac Tool Group fiscal 2025 Q4 earnings release and full GAAP to non-GAAP reconciliation is available online at https://ir.enerpactoolgroup.com/. The summation of individual components may not equal the total due to rounding. (US$ in millions, except per share) Reconciliation of Non-GAAP Measures Net Sales FY2023 FY2024 FY2025 Enerpac Tool Group 598$ 590$ 617$ EBITDA FY2023 FY2024 FY2025 Net earnings from continuing operations 54$ 82$ 93$ Financing costs, net 12 14 10 Income tax expense 15 23 28 Depreciation & amortization 16 13 16 EBITDA (2) 98$ 132$ 146$ Adjusted EBITDA FY2023 FY2024 FY2025 EBITDA (2) 98$ 132$ 146$ Impairment & divestiture (benefit) charges (6) - - Restructuring charges (1) 8 8 6 Leadership transition charges 1 - - M&A charges 1 0 1 ASCEND transformation program charges 35 7 - Adjusted EBITDA (2) 136$ 147$ 154$ Adjusted EBITDA margin (2) % 22.8% 25.0% 24.9% Adjusted Net Earnings from Continuing Operations FY2023 FY2024 FY2025 Net Earnings 47$ 86$ 93$ Earnings (loss) from Discontinued Operations, net of income tax (7) 4 - Net Earnings from Continuing Operations 54$ 82$ 93$ Impairment & divestiture (benefit) charges (6) - - Restructuring charges (1) 8 8 6 Leadership transition charges 1 - - M&A charges 1 0 1 ASCEND transformation program charges 35 7 - Accelerated debt issuance costs 0 - - Net tax effect of reconciling items above (10) (3) (1) Other income tax expense - 0 0 Adjusted Net Earnings from Continuing Operations (4) 83$ 95$ 99$ Adjusted Diluted Earnings per share from Continuing Operations FY2023 FY2024 FY2025 Net Earnings 0.82$ 1.56$ 1.70$ Earnings (loss) from Discontinued Operations, net of income tax (0.12) 0.06 - Net Earnings from Continuing Operations 0.94$ 1.50$ 1.70$ Impairment & divestiture (benefit) charges, net of tax effect (0.11) - - Restructuring charges (1), net of tax effect 0.11 0.11 0.09 Leadership transition charges, net of tax effect 0.01 - - M&A charges, net of tax effect 0.01 0.00 0.02 ASCEND transformation program charges, net of tax effect 0.48 0.11 - Accelerated debt issuance costs, net of tax effect - - - Other income tax expense - 0.00 0.00 Adjusted Diluted Earnings per share from Continuing Operations (4) 1.45$ 1.72$ 1.81$ Adjusted SG&A FY2023 FY2024 FY2025 Selling, general and administrative expenses Total 212$ 176$ 173$ SG&A restructuring charges (1) (7) (7) (6) Leadership transition charges (1) - - M&A charges (1) 0 (1) ASCEND transformation program charges (34) (6) 0 Adjusted SG&A 169$ 162$ 166$ Adjusted SG&A % 28.2% 27.6% 26.8% Free Cash Flow FY2023 FY2024 FY2025 Cash provided by (used in) operating activities 78 81 111 Capital expenditures (9) (11) (19) Free Cash Flow 69 70 92
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18 Reconciliation of Non-GAAP Measures The Enerpac Tool Group fiscal 2025 Q4 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 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Enerpac Tool Group $161 $142 $138 $150 $159 $145 $146 $159 $168 EBITDA Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Net earnings from continuing operations $23 $18 $18 $23 $23 $22 $21 $22 $28 Financing costs, net 3 4 4 3 3 3 2 2 2 Income tax expense 5 6 7 7 3 6 7 6 9 Depreciation & amortization 4 3 3 3 3 4 3 4 5 EBITDA (2) $35 $31 $32 $36 $33 $34 $34 $34 $44 Adjusted Operating Profit Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Operating Profit $32 $29 $30 $33 $30 $31 $31 $32 $40 Impairment & divestiture (benefit) charges (6) - - - - - - - - Restructuring charges (1) 1 2 - 2 3 - - 6 - M&A charges 1 - - - - - 0 1 - ASCEND transformation program charges 9 1 2 2 2 - - - - Adjusted Operating Profit $37 $32 $32 $37 $36 $31 $31 $38 $40 Adjusted Operating Profit Margin 23.0% 22.8% 22.8% 24.6% 22.5% 21.5% 21.4% 24.1% 24.0% Adjusted EBITDA Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 EBITDA (2) $35 $31 $32 $36 $33 $34 $34 $34 $44 Impairment & divestiture (benefit) charges (6) - - - - - - - - Restructuring charges (1) 1 2 - 2 4 - - 6 - M&A charges 1 - - - - - 0 1 0 ASCEND transformation program charges 9 1 2 2 2 - - - - Adjusted EBITDA (2) $40 $35 $34 $40 $39 $34 $34 $41 $44 Adjusted EBITDA Margin (2) 24.9% 24.6% 24.8% 26.4% 24.3% 23.6% 23.2% 25.9% 26.5% Adjusted Net Earnings from Continuing Operations Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Net Earnings $22 $18 $18 $26 $24 $22 $21 $22 $28 Earnings (loss) from Discontinued Operations, net of income tax (1) (1) - 3 1 - - - - Net Earnings from Continuing Operations $23 $18 $18 $23 $23 $22 $21 $22 $28 Impairment & divestiture (benefit) charges (6) - - - - - - - - Restructuring charges (1) 1 2 - 2 3 - - 6 - M&A charges 1 - - - - - 0 1 0 ASCEND transformation program charges 9 1 2 2 2 - - - - Net tax effect of reconciling items above (4) - - (1) (2) - 0 (1) (0) Adjusted Net Earnings from Continuing Operations (4) $23 $22 $20 $26 $27 $22 $21 $28 $28 Adjusted Diluted Earnings per share from Continuing Operations Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Net Earnings $0.40 $0.32 $0.33 $0.47 $0.44 $0.40 $0.38 $0.41 0.52$ Earnings (loss) from Discontinued Operations, net of income tax (0.02) (0.01) (0.00) 0.06 0.02 - - - - Net Earnings from Continuing Operations $0.41 $0.33 $0.33 $0.41 $0.43 $0.40 $0.38 $0.41 0.52$ Impairment & divestiture (benefit) charges, net of tax effect (0.11) - - - - - - - Restructuring charges (1), net of tax effect 0.01 0.04 - 0.02 0.04 - - 0.09 (0.01) M&A charges, net of tax effect 0.01 - - - - - - 0.01 - ASCEND transformation program charges, net of tax effect 0.10 0.02 0.03 0.03 0.03 - - - - Adjusted Diluted Earnings per share from Continuing Operations (4) $0.42 $0.39 $0.36 $0.47 $0.50 $0.40 $0.39 $0.51 0.52$
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19The Enerpac Tool Group fiscal 2025 Q4 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 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Selling, general and administrative expenses 45$ 41$ $44 $47 $42 $41 $47 $42 Selling, general and administrative expenses % 31.4% 29.7% 29.1% 29.3% 29.1% 28.5% 29.6% 25.1% Selling, general and administrative expenses 45$ 41$ $44 $47 $42 $41 $47 $42 SG&A Restructuring charges (1) (2) 0 (2) (3) - - (6) - M&A charges - - - - - (0) (1) (0) SG&A ASCEND transformation program charges (1) (1) (1) (2) - - - - Adjusted Selling, general and administrative expenses 41$ 39$ $41 $41 $42 $41 $40 $42 Adjusted Selling, general and administrative expenses % 29.0% 28.4% 27.0% 26.0% 29.0% 28.3% 25.5% 24.9% Free Cash Flow FY2021 FY2022 FY2023 FY2024 FY2025 Cash provided by operating activities 54 52 78 81 111 Capital expenditures (12) (7) (9) (11) (19) Free Cash Flow 42 44 69 70 92 Low High Reconciliation of Continuing Operations GAAP Operating Profit To Adjusted EBITDA (5) GAAP Operating profit 141$ 153$ Other expense, net (1) (1) Depreciation & amortization 18 16 Adjusted EBITDA 158$ 168$ Reconciliation of GAAP Cash Flow From Operations to Free Cash Flow Cash provided by operating activities 115$ 120$ Capital expenditures (15) (10) Free Cash Flow 100$ 110$ Fiscal 2026
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20The Enerpac Tool Group fiscal 2025 Q4 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 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.