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HHELIOS TECHNOLOGIES IGNITING THE MOMENTUM SECOND QUARTER 2026 EARNINGS PRESENTATION NYSE : HLIO AUGUST 10 , 2026 SEAN BAGAN : PRESIDENT & CHIEF EXECUTIVE OFFICER JEREMY EVANS : EXECUTIVE VICE PRESIDENT , CHIEF FINANCIAL OFFICER TANIA ALMOND : VICE PRESIDENT , INVESTOR RELATIONS & CORPORATE COMMUNICATION
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2 This presentation and oral statements made by management in connection herewith contain “forward‐looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward‐looking statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied by such statements. They include statements regarding current expectations, estimates, forecasts, projections, our beliefs, and assumptions made by Helios Technologies, Inc. (“Helios,” the “Company,” "we," "us," or "our"), its directors or its officers about the Company and the industry in which it operates, and assumptions made by management, and include among other items, (i) the Company’s strategies regarding growth, and improving margins, including its intention to develop new products and undertake acquisitions and divestitures; (ii) the Company’s strategy and progress toward The CORE Strategy and 2030 financial targets; (iii) the effectiveness of creating the Centers of Excellence; (iv) its financial plans, results, outlook, and guidance, including expectations for sales, margins, and earnings per share; (v) trends affecting the Company’s financial condition or results of operations; (vi) the Company’s ability to continue to control costs and to meet its liquidity and other financing needs; (vii) the Company’s ability to declare and pay dividends; (viii) the Company’s ability to respond to changes in customer demand domestically and internationally, including as a result of the cyclical nature of the business; (ix) the Company’s expectations regarding its capital allocation strategy, including share repurchases and debt reduction; and (x) the Company's ability to mitigate the impacts of changes in trade policy, tariffs and related regulatory developments on our business. In addition, we may make other written or oral statements, which constitute forward -looking statements, from time to time. Words such as “may,” “expects,” “projects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words, and similar expressions are intended to identify such forward-looking statements. Similarly, statements that describe our future plans, objectives or goals also are forward-looking statements. These statements are not guarantees of future performance and are subject to a number of risks and uncertainties. Our actual results may differ materially from what is expressed or forecasted in such forward-looking statements, and undue reliance should not be placed on such statements. All forward-looking statements are made as of the date hereof, and we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Factors that could cause actual results to differ materially from what is expressed or forecasted in such forward‐looking statements include, but are not limited to, (i) the Company’s ability to respond to global economic trends and changes in customer demand domestically and internationally, including as a result of standardization and the cyclical nature of our business, which can adversely affect the demand for capital goods; (ii) supply chain disruption and the potential inability to procure goods; (iii) conditions in the capital markets, including the interest rate environment and the continued availability of capital on terms acceptable to us, or at all (or hyperinflation); (iv) global and regional economic and political conditions, including trade policy, tariffs and other trade barriers, inflation, exchange rates, changes in the cost or availability of energy, transportation, the availability of other necessary supplies and services and recession; (v) changes in the competitive marketplace that could affect the Company’s revenue and/or cost basis, such as increased competition, lack of qualified engineering, marketing, management or other personnel and increased labor and raw materials costs; (vi) risks related to the development, introduction, and market acceptance of new products and technologies, including the integration of artificial intelligence into our operations and products; (vii) risks related to health epidemics, pandemics and similar outbreaks, which may have material adverse effects on our business, financial position, results of operations and/or cash flows; (viii) risks related to our international operations, including the potential impact from the ongoing geopolitical conflicts in Ukraine and the Middle East; (ix) new product introductions, product sales mix and the geographic mix of sales nationally and internationally; and (x) stakeholders’, including regulators’, views regarding our environmental, social and governance goals and initiatives, and the impact of factors outside of our control on such goals and initiatives. Further information relating to additional factors that could cause actual results to differ from those anticipated is included but not limited to information under the heading Item 1. “Business” and Item 1A. “Risk Factors” in the Company’s Form 10-K for the year ended January 3, 2026, filed with the Securities and Exchange Commission (SEC) on March 3, 2026, as well as any subsequent filings with the SEC. Helios has presented Non-GAAP measures including adjusted operating income, adjusted operating margin, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, net debt -to-adjusted EBITDA, adjusted net income, adjusted diluted earnings per share, adjusted net income per diluted share, free cash flow, adjusted free cash flow, adjusted free cash flow conversion, sales in constant currency, and pro-forma sales. Helios believes that providing these specific Non-GAAP figures are important for investors and other readers of Helios financial statements, as they are used as analytical indicators by Helios management to better understand operating performance. The determination of the amounts that are excluded from these Non-GAAP measures is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income recognized in a given period. You should not consider the inclusion of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. Please carefully review the Non-GAAP reconciliations to the most directly comparable GAAP measures and the related additional information provided throughout. Because these metrics are Non-GAAP measures and are thus susceptible to varying calculations, these figures, as presented, may not be directly comparable to other similarly titled measures used by other companies. This presentation also presents forward-looking statements regarding Non-GAAP measures, including adjusted EBITDA, adjusted EBITDA margin and adjusted Non-GAAP earnings per share. The Company is unable to present a quantitative reconciliation of these forward-looking Non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort or expense. In addition, the Company believes that such reconciliations would imply a degree of precision that would be confusing or misleading to investors. The unavailable information could have a significant impact on the Company’s 2026 financial results. These Non-GAAP financial measures are preliminary estimates and are subject to risks and uncertainties, including, among others, changes in connection with quarter -end and year-end adjustments. Any variation between the Company’s actual results and preliminary financial data set forth above may be material. SAFE HARBOR
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3 2Q26: HIGHLIGHTS STRONG FIRST HALF PROGRESS GUIDED BY THE CORE STRATEGY MOMENTUM EXTENDED WITH STRONG SALES GROWTH & MARGIN EXPANSION RECORD CASH GENERATION FROM OPERATIONS; DEBT & LEVERAGE RATIO TO MULTI-YEAR LOWS RAISING 2026 OUTLOOK ON ROBUST ORDER DEMAND SUPPORTED BY ACCELERATED PACE OF NEW BUSINESS WINS NFPA VEHICLE CHALLENGE EMEA DISTRIBUTOR SUMMIT HELIOS LEADERSHIP ACADEMY
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2Q26: FINANCIAL HIGHLIGHTS FOURTH CONSECUTIVE QUARTER OF DOUBLE-DIGIT SALES* & ADJUSTED EARNINGS GROWTH SALES ADJUSTED EBITDA MARGIN2 ADJUSTED DILUTED EPS2 OPERATING CASH FLOW 4 (1) Second Quarter 2026 Outlook issued on May 11, 2026. (2) Includes certain Non-GAAP adjustments and financial measures. See Supplemental Information for additional details and reconciliations. Note: YoY = year-over-year. * pro-forma basis for the CFP divestiture. $232M Up 9% YoY At top end of outlook1 21.2% Up 260 bps YoY $0.88 Up 49% YoY $0.05 above high end of outlook1 $42M Up 13% YoY Record cash generation in a second quarter 20 bps above high end of outlook1
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Agriculture 15% Health & Wellness 15% Industrial 13% Mobile 35% Other 10% Recreational 12% Reported Pro Forma End Market* I Industrial Mobile Agriculture Recreational Health & Wellness Reported Pro Forma Region I I Americas EMEA APAC 5 2Q26: SALES BY SEGMENT, REGION, & END MARKET YoY GROWTH ACROSS BOTH SEGMENTS & ALL REGIONS Americas 52% EMEA 26% APAC 22% Hydraulics 63% Electronics 37% SALES BY REGION * End market classifications based on estimates Reported Pro Forma Segment I I Hydraulics Electronics Broad Based Sustained Growth SALES BY SEGMENT SALES BY END MARKET*
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6 2Q26: SALES, GROSS PROFIT, & GROSS MARGIN EXECUTION AGAINST OUR STRATEGY IS DELIVERING PROFITABLE ORGANIC SALES GROWTH Delivered Four Consecutive Quarters of YoY Gross Margin Expansion $212 $232 2Q25 2Q26 $839 $891 2025 TTM 2Q26 Gross profit +19% while gross margin expanded 280 bps Gross margin impacted by: + Higher volume and favorable segment mix + CFP divestiture + Benefit from IEEPA tariff refunds ‒ Product component costs, freight, and utilities Sales +9%, +16% pro forma for the divestiture and the impact of foreign currency exchange rates Sales impacted by: + Growth in both segments + Growth in all regions + Foreign currency exchange rates ‒ CFP divestiture $271 $299 2025 TTM 2Q26 $68 $80 2Q25 2Q26 31.8% 34.6%32.3% 33.5% ($ in millions) SALES YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER GROSS PROFIT / MARGIN
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GAAP & NON-GAAP OPERATING MARGIN1 7 2Q26: OPERATING MARGIN & ADJUSTED EBITDA / MARGIN GAINED LEVERAGE FROM HIGHER VOLUME OFFSET BY R&D INVESTMENTS & EXPENSE PRESSURES Adjusted EBITDA Margin Sustaining Above 20% Operating income +48% compared to prior year period while operating margin expanded 370 bps Adjusted EBITDA1 +25% while adjusted EBITDA margin1 expanded 260 bps Margins impacted by: + Gross margin expansion + Leverage on operating expenses ‒ Research & development investments ‒ Employee benefits related costs ‒ Isolated bad debt expense $40 $49 2Q25 2Q26 18.6% 21.2% 7.9% 10.0% 7.5% 6.9% 15.4% 16.9% 2025 TTM 2Q26 10.3% 14.0% 4.7% 3.8%15.0% 17.8% 2Q25 2Q26 Non-GAAP operating margin adjustments1 GAAP operating margin (1) Includes certain Non-GAAP adjustments and financial measures. See Supplemental Information for additional details and reconciliations. $161 $183 2025 TTM 2Q26 19.2% 20.5% ($ in millions) YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER ADJUSTED EBITDA1 / MARGIN1
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$1.45 $2.14 2025 TTM 2Q26 8 2Q26: NET INCOME & EARNINGS PER SHARE EARNINGS GROWTH OUTPACING SALES GROWTH REFLECTING THE LEVERAGE IN OUR BUSINESS MODEL Fourth Consecutive Quarter of YoY Double-Digit Adjusted Diluted EPS Growth $11 $22 2Q25 2Q26 Net income +92% Net income impacted by: + Higher sales + Operating performance + Lower interest expense + Lower effective tax rate Diluted EPS +94% & adjusted diluted EPS +49% $0.34 $0.66 2Q25 2Q26 $48 $71 2025 TTM 2Q26 $0.88 $0.59 Adjusted Diluted EPS1 Diluted EPS $2.56 $3.21 ($ in millions) (1) Includes certain Non-GAAP adjustments and financial measures. See Supplemental Information for additional details and reconciliations. NET INCOME YEAR-OVER-YEAR COMMENTARY FOR THE QUARTER DILUTED & ADJUSTED DILUTED EPS1
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9 2Q26: SEGMENT HIGHLIGHTS STRONG GROWTH SHOWS CONTINUED END MARKET CAPTURE IN BOTH SEGMENTS Key Metrics 2Q26 YoY 2Q26 YoY Sales $146 4% $86 19% Gross Profit $51 9% $30 41% Operating Income $29 16% $11 90% HYDRAULICS ELECTRONICS 64% 63% 66% 63% 36% 37% 34% 37% 2025 TTM 2Q26 2Q25 2Q26 Hydraulics Electronics Sales 2Q26 YoY 2Q26 YoY Americas $57 6% $63 17% EMEA $52 12% $9 7% APAC $37 -8%1 $13 43% HYDRAULICS ELECTRONICS ~47% OEM HYDRAULICS ~53% Distributor or Integrator $146 ($ in millions) (1) APAC grew year-over-year on a pro-forma basis for the CFP divestiture. ~79% OEM ELECTRONICS ~21% Distributor or Integrator $86 DISTRIBUTION MIXCONSOLIDATED SALES MIX TREND
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10 DRIVING YoY CASH DAY REDUCTION & INCREASING ORGANIC INVESTMENTS DEEPER BUSINESS REVIEWS 2Q26: CASH FLOW ADJUSTED FREE CASH FLOW2 (BARS) ADJUSTED FCF CONVERSION2 RATE (DIAMONDS) 3.4% 129 118 2Q25 2Q26 144 126 126 2024 2025 TTM 2Q26 $5 $11 2Q25 2Q26 $27 $24 $30 2024 2025 TTM 2Q26 2.5% 4.9% 2.8%3.3% $26 $32 $31 2024 2025 TTM 2Q26 $95 $104 $107 244% 187% 137% The fiscal second quarter of each twelve-month period. (1) See supplemental tables for calculations. (2) Includes certain Non-GAAP adjustments and financial measures. See Supplemental Information for additional details and reconciliations. CASH CONVERSION CYCLE1 CAPEX DOLLARS / CAPEX % OF SALES ($ in millions) 3.4%
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Additional Details Incremental strategic capex investments to fund organic growth Quarterly dividend of $0.12 per share; Paid dividends for 118 consecutive quarters, or >29 years Repurchased 79K shares totaling $6 million in 2Q26 Net debt / TTM adjusted EBITDA of 1.4x ending 2Q26 compared with 2.6x in year-ago period Credit facility debt maturity June 2029, with quarterly amortization payments on term loan 4. Pay Down Debt 3. Acquisitions 2. Returns to Shareholders 1. Organic Investments 11 2Q26: DEBT, LIQUIDITY, & CAPITAL ALLOCATION CONTINUED TO PAY DOWN DEBT WHILE INCREASING CAPITAL RETURNED TO SHAREHOLDERS Total Debt Liquidity DEBT & LIQUIDITY PROFILE CAPITAL ALLOCATION PRIORITIES $105 Revolver / Other $227 Term Loan $332 Total Debt $394 Undrawn Revolver $462 Liquidity $68 Cash ($ in millions) Note: TTM = trailing twelve months. General note: items may not sum or recalculate due to rounding
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12 2026: FINANCIAL PRIORITIES STRONG PROGRESS MADE ACROSS ALL FINANCIAL PRIORITIES DURING 1H26 EXPAND GROSS MARGINS By driving productivity and leveraging our global footprint and capacity EXECUTE ON GROWTH PLAN By winning our share of the sales funnel and driving product innovation OPTIMIZE CAPITAL ALLOCATION By investing in organic growth and driving sustainable shareholder returns By building on our strong foundation and aligning SEA investments with sales growth MAINTAIN EARNINGS MOMENTUM
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13 2026: UPDATED OUTLOOK RAISING FULL YEAR OUTLOOK ON 1H PERFORMANCE & 2H DEMAND ISSUED ON 8/10/2026 SALES +6% to +9% $215M to $222M Relative to 3Q25 Pro Forma1 at $203M * ADJUSTED EBITDA MARGIN 1 -70 bps to +10 bps 19.8% to 20.6% Relative to 3Q25 at 20.5% ADJUSTED DILUTED EPS 1 -3% to +7% $0.70 to $0.77 Relative to 3Q25 at $0.72 ISSUED ON 5/11/2026 SALES +6% to +10% $840M to $870M Relative to FY25 Pro Forma1 at $792M * ADJUSTED EBITDA MARGIN 1 +30 bps to +180 bps 19.5% to 21.0% Relative to FY25 at 19.2% ADJUSTED DILUTED EPS 1 +7% to +17% $2.75 to $3.00 Relative to FY25 at $2.56 ISSUED ON 8/10/2026 SALES +11% to +14% $880M to $900M Relative to FY25 Pro Forma1 at $792M * ADJUSTED EBITDA MARGIN 1 +100 bps to +180 bps 20.2% to 21.0% Relative to FY25 at 19.2% ADJUSTED DILUTED EPS 1 +19% to +27% $3.05 to $3.25 Relative to FY25 at $2.56 (1) Includes certain non-GAAP adjustments and financial measures. See Supplemental Information for additional details and reconciliations. * FY25 & 3Q25 contained $46.7M & $17.5M of sales from CFP that is now divested. NEW FY26 OUTLOOK 3Q26 OUTLOOKPRIOR FY26 OUTLOOK
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14 2026: SEGMENT OUTLOOK FULL YEAR DOUBLE DIGIT PROJECTED GROWTH IN BOTH SEGMENTS AT MIDPOINTS HYDRAULICS ELECTRONICS Regional Outlook AMER EMEA APAC AMER EMEA APAC Positive Catalysts Mobile (includes Construction), Aerospace Mobile (includes Construction), Health & Wellness Stable / Moderate Lift Agriculture, Industrial Recreational (On/Off-road), Industrial Flat / No Signs Yet of Bounce Recreational (Marine) 2026 Sales Outlook $555M - $565M +12% to +14% vs. FY25 Pro Forma1 at $494M* $325M - $335M +9% to +12% vs. FY25 at $298M 3Q26 Sales Outlook $133M - $138M +7% to +11% vs. 3Q25 Pro Forma1 at $124M* $82M - $84M +4% to +6% vs. 3Q25 at $79M (1) Includes certain Non-GAAP adjustments and financial measures. See Supplemental Information for additional details and reconciliations. * Comparative periods in FY25 contained the following amounts of sales from CFP that is now divested: 1Q25= $14.2M, 2Q25=$15.0M, 3Q25=$17.5M
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15 2026: KEY FOCUS AREAS KEY INITIATIVES PROVIDE A CLEAR ROADMAP FOR OPERATIONAL SUCCESS IN 2026 STRATEGIC FRAMEWORK Implementing The CORE 2030 Strategy while delivering year one progress to plan EVOLVE OUR GO-TO-MARKET Continuous improvement → converting the growing sales funnel into more new business wins INSTITUTIONALIZE INNOVATION Rigorous NPI processes that drive new product launches to capture more volume earlier OPERATIONAL EXCELLENCE Continued optimization of facilities that drives positive SQDC rate of change ORGANIZATIONAL DEVELOPMENT Top talent acquisition and retention, improving employee engagement, and culture building VALUE CREATION Solidifying an ROIC mindset within our evolving capital allocation framework
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SUPPLEMENTAL SLIDES
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17 2026: FULL YEAR OUTLOOK SECOND HALF ORDER TRENDS SUPPORT A STRONGER YEAR THAN PREVIOUSLY ESTIMATED (1) Includes certain Non-GAAP adjustments and financial measures. See Supplemental Information for additional details and reconciliations. (2) FY25 included three quarters of sales related to now divested CFP business. OUTLOOK ASSUMPTIONS Hydraulics segment demand in 2H26 remains strong across core end markets consistent with current order visibility Electronics growth expectations in 2H26 will be less than 1H26 due to timing of 2H25 realized growth; typical 2H seasonality reflected 2H26 Interest expense considers an increase in the federal funds rate FX rates assumed at constant currency from ending 2Q26 levels Higher capex to support strategic organic investments KEY FINANCIAL METRICS 2025 ACTUAL2 PRIOR 2026 OUTLOOK NEW 2026 OUTLOOK Net Income $48.4 $67 - $75 $75 - $81 Adjusted EBITDA1 $160.7 $164 - $183 $178 - $189 Interest Expense $21.9 $19 - $20 $19 - $20 Effective Tax Rate 22.5% 22.5% - 24.5% 22.5% - 24.5% Depreciation $29.0 $30 - $32 $29 - $30 Amortization $34.0 $32 - $33 $32 - $33 CapEx % Net Sales 2.8% 3.75% - 4.75% 4.00% - 4.50% Diluted EPS $1.45 $2.00 - $2.25 $2.25 - $2.45 AS ISSUED ON 8/10/2026 AS ISSUED ON 5/11/2026
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18 SEGMENT DATA (Unaudited) ($ in millions) General note: items may not sum or recalculate due to rounding July 04, 2026 June 28, 2025 July 04, 2026 January 03, 2026 Net sales: Hydraulics 146.4$ 140.9$ 559.0$ 540.8$ Electronics 85.5 71.6 332.3 298.2 Consolidated 231.9$ 212.5$ 891.3$ 839.0$ Gross profit and margin: Hydraulics 50.6$ 46.5$ 185.8$ 174.8$ 34.6% 33.0% 33.2% 32.3% Electronics 29.6 21.0 113.1 96.4 34.6% 29.3% 34.0% 32.3% Consolidated 80.2$ 67.5$ 298.8$ 271.2$ 34.6% 31.8% 33.5% 32.3% Operating income (loss) and margin: Hydraulics 28.9$ 25.0$ 101.2$ 91.4$ 19.7% 17.7% 18.1% 16.9% Electronics 11.2 5.9 21.1 9.7 13.1% 8.2% 6.4% 3.2% Corporate and other (7.6) (9.0) (32.9) (35.1) Consolidated 32.5$ 21.9$ 89.3$ 66.0$ 14.0% 10.3% 10.0% 7.9% For The Three Months Ended For The Twelve Months Ended
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19 NET SALES BY GEOGRAPHIC REGION & SEGMENT (Unaudited) ($ in millions) General note: items may not sum or recalculate due to rounding Q1 % Change y/y Q2 % Change y/y YTD 2026 % Change y/y Americas: Hydraulics 56.7$ 14% 57.2$ 6% 113.9$ 9% Electronics 72.0 27% 63.0 17% 135.0 22% Consol. Americas 128.7 21% 120.2 11% 248.9 16% % of total 57% 52% 54% EMEA: Hydraulics 49.2$ 30% 51.8$ 12% 101.0$ 20% Electronics 8.6 39% 9.1 7% 17.7 20% Consol. EMEA 57.8 31% 60.9 12% 118.7 20% % of total 25% 26% 26% APAC: Hydraulics 33.3$ (14%) 37.4$ (8%) 70.7$ (11%) Electronics 8.6 39% 13.4 43% 22.0 41% Consol. APAC 41.9 (6%) 50.8 2% 92.7 (2%) % of total 18% 22% 20% Total 228.4$ 17% 231.9$ 9% 460.3$ 13% Q1 % Change y/y Q2 % Change y/y Q3 % Change y/y Q4 % Change y/y Full Year % Change y/y Americas: Hydraulics 49.9$ (11%) 54.2$ (9%) 53.7$ 3% 58.4$ 13% 216.3$ (1%) Electronics 56.7 (2%) 53.7 (7%) 60.5 19% 65.0 32% 235.9 9% Consol. Americas 106.6 (6%) 107.9 (8%) 114.2 11% 123.4 22% 452.2 4% % of total 55% 51% 52% 59% 54% EMEA: Hydraulics 37.9$ (17%) 46.1$ 8% 41.2$ 12% 43.3$ 35% 168.5$ 7% Electronics 6.2 (5%) 8.5 (6%) 9.8 49% 5.7 21% 30.1 13% Consol. EMEA 44.1 (15%) 54.6 5% 51.0 18% 49.0 33% 198.6 8% % of total 23% 26% 23% 23% 24% APAC: Hydraulics 38.6$ (6%) 40.6$ (6%) 46.4$ 14% 30.4$ (15%) 156.0$ (3%) Electronics 6.2 24% 9.4 27% 8.7 12% 7.9 32% 32.2 23% Consol. APAC 44.8 (3%) 50.0 (2%) 55.1 14% 38.3 (8%) 188.2 1% % of total 23% 23% 25% 18% 22% Total 195.5$ (8%) 212.5$ (3%) 220.3$ 13% 210.7$ 17% 839.0$ 4% 2025 2026
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20 NON-GAAP ADJUSTED OPERATING INCOME & NON-GAAP ADJUSTED OPERATING MARGIN RECONCILIATION Non-GAAP Financial Measure: Adjusted operating margin is adjusted operating income divided by net sales. Adjusted operating income and adjusted operating margin are not measures determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP. Nevertheless, Helios believes that providing Non -GAAP information such as adjusted operating income and adjusted operating margin are important for investors and other readers of Helios’ financial statements, as they are used as analytical indicators by Helio s’ management to better understand operating performance. Because adjusted operating income and adjusted operating margin are Non-GAAP measures and are thus susceptible to varying calculations, adjusted operating income and adjusted operating income margin, as presented, may not be directly comparable to other similarly titled measures used by other companies. These Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP and should not be considered a substitute for GAAP. Please carefully review the Non-GAAP reconciliations to the most directly comparable GAAP measures and other related additional information provided. (Unaudited) ($ in millions) General note: items may not sum or recalculate due to rounding July 04, 2026 Margin June 28, 2025 Margin July 04, 2026 Margin January 03, 2026 Margin GAAP operating income 32.5$ 14.0% 21.9$ 10.3% 89.4$ 10.0% 66.0$ 7.9% Acquisition-related amortization of intangible assets 7.5 3.2% 8.3 3.9% 30.3 3.4% 31.7 3.8% Acquisition, divestiture, and financing-related expenses - 0.0% 0.3 0.2% 1.5 0.2% 1.7 0.2% Restructuring charges 1.3 0.6% 0.8 0.4% 2.2 0.2% 1.6 0.2% Officer transition costs - 0.0% 0.4 0.2% 0.9 0.1% 1.4 0.2% Goodwill Impairment - 0.0% - 0.0% 25.9 2.9% 25.9 3.1% Other - 0.0% - 0.0% 0.5 0.1% 0.9 0.1% Non-GAAP adjusted operating income 41.3$ 17.8% 31.8$ 15.0% 150.7$ 16.9% 129.2$ 15.4% GAAP operating margin 14.0% 10.3% 10.0% 7.9% Non-GAAP adjusted operating margin 17.8% 15.0% 16.9% 15.4% Net sales 231.9$ 212.5$ 891.3$ 839.0$ For The Three Months Ended For The Twelve Months Ended
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21 NON-GAAP ADJUSTED EBITDA & NON-GAAP ADJUSTED EBITDA MARGIN RECONCILIATION (Unaudited) ($ in millions) General note: items may not sum or recalculate due to rounding Non-GAAP Financial Measure: Adjusted EBITDA margin is adjusted EBITDA divided by net sales. Adjusted EBITDA and adjusted EBITDA margin are not measures d etermined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP. Nevertheless, Helios believes that providing Non-GAAP information such as adjusted EBITDA and adjusted EBITDA margin are important for investors and other readers of Helios’ financial statements, as they are used as analytical indicators by Helios’ management to better understand operating performance. Because adjusted EBITDA and adjusted EBITDA margin are Non-GAAP measures and are thus susceptible to varying calculations, adjusted EBITDA and adjusted EBITDA margin, as presented , may not be directly comparable to other similarly titled measures used by other companies. These Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP and should not be considered a substitute for GAAP. Please carefully review the Non-GAAP reconciliations to the most directly comparable GAAP measures and other related additional information provi ded. July 04, 2026 Margin June 28, 2025 Margin July 04, 2026 Margin January 03, 2026 Margin Net income 21.9$ 9.4% 11.4$ 5.3% 71.4$ 8.0% 48.4$ 5.8% Interest expense, net 4.7 2.0% 7.0 3.3% 17.3 1.9% 21.9 2.6% Income tax provision 6.2 2.7% 3.5 1.7% 20.3 2.3% 14.0 1.7% Depreciation and amortization 15.2 6.6% 15.9 7.5% 61.4 6.9% 63.0 7.5% EBITDA 48.0$ 20.7% 37.8$ 17.8% 170.4$ 19.1% 147.3 17.6% Acquisition, divestiture, and financing-related expenses - 0.0% 0.3 0.2% 1.5 0.2% 1.7 0.2% Restructuring charges 1.3 0.6% 0.8 0.4% 2.2 0.2% 1.6 0.2% Officer transition costs - 0.0% 0.4 0.2% 0.9 0.1% 1.4 0.2% Goodwill Impairment - 0.0% - 0.0% 25.9 2.9% 25.9 3.1% (Gain) on sale of business - net of CTA loss - 0.0% - 0.0% (19.2) -2.2% (18.8) -2.2% Forward contract losses - 0.0% - 0.0% 0.5 0.1% 0.5 0.1% Change in fair value of contingent consideration - 0.0% - 0.0% - 0.0% - 0.0% Other - 0.0% 0.1 0.0% 0.9 0.1% 1.1 0.1% Adjusted EBITDA 49.3$ 21.2% 39.5$ 18.6% 183.1$ 20.5% 160.7$ 19.2% GAAP net income margin 9.4% 5.3% 8.0% 5.8% EBITDA margin 20.7% 17.8% 19.1% 17.6% Adjusted EBITDA margin 21.2% 18.6% 20.5% 19.2% Net sales 231.9$ 212.5$ 891.3$ 839.0$ For The Three Months Ended For The Twelve Months Ended
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22 NON-GAAP ADJUSTED NET INCOME & NON-GAAP ADJUSTED NET INCOME PER DILUTED SHARE RECONCILIATION (Unaudited) ($ in millions) Non-GAAP Financial Measure: Adjusted net income per diluted share is adjusted net income divided by diluted weighted average common shares outstanding. Adjusted net income and adjusted net income per diluted share are not measures determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP. Nevertheless, Helios believes that providing Non-GAAP information such as adjusted net income and adjusted net income per diluted share is important for investors and other readers of Helios' fina ncial statements, as they are used as analytical indicators by Helios’ management to better understand operating performance. Because adjusted net income and adjusted net income per diluted share are Non-GAAP measures and are thus susceptible to varying calculations, adjusted net income and adjusted net income per diluted share as presented, may not be directly comparable to other similarly titled measu res used by other companies. General note: items may not sum or recalculate due to rounding July 04, 2026 Per Diluted Share June 28, 2025 Per Diluted Share July 04, 2026 Per Diluted Share January 03, 2026 Per Diluted Share GAAP net income 21.9$ 0.66$ 11.4$ 0.34$ 71.4$ 2.14$ 48.4$ 1.45$ Amortization of intangible assets 8.1 0.24 8.8 0.26 32.8 0.98 34.0 1.02 Acquisition, divestiture, and financing-related expenses - - 0.3 0.01 1.5 0.04 1.7 0.05 Restructuring charges 1.3 0.04 0.8 0.03 2.2 0.07 1.6 0.05 Officer transition costs - - 0.4 0.01 0.9 0.03 1.4 0.04 Goodwill Impairment - - - - 25.9 0.78 25.9 0.78 (Gain) on sale of business, net of CTA loss - - - - (19.2) (0.57) (18.8) (0.56) Forward contract losses - - - - 0.5 0.01 0.5 0.01 Other - - 0.1 - 0.7 0.02 0.9 0.03 Tax effect of above (2.1) (0.06) (2.3) (0.07) (10.1) (0.30) (10.4) (0.31) Non-GAAP adjusted net income 29.2$ 0.88$ 19.5$ 0.59$ 106.7$ 3.21$ 85.3$ 2.56$ GAAP net income per diluted share 0.66$ 0.34$ 2.14$ 1.45$ Non-GAAP adjusted net income per diluted share 0.88$ 0.59$ 3.21$ 2.56$ For The Three Months Ended For The Twelve Months Ended
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23 NON-GAAP ADJUSTED FREE CASH FLOW RECONCILIATION Non-GAAP Financial Measure: Adjusted net cash provided by operating activities is net cash provided by operating activities less contingent consideration payment in excess of acquisition date fair value. Free cash flow is net cash provided by operating activities less capital expenditures. Adjusted free cash flow is adjusted net cash provided by operating activities less capital expenditures. Free cash flow conversion is a non-GAAP financial measure and defined as free cash flow divided by net income. Adjusted free cash flow conversion is non-GAAP financial measure and defined as adjusted free cash flow divided by net income. Each of these measures has not been determined in accordance with generally accepted accounting principles in the United Stat es, commonly known as GAAP. Nevertheless, Helios believes that providing this non-GAAP information is important for investors and other readers of Helios‘ financial statements, as they are used as anal ytical indicators by Helios‘ management to better understand our liquidity. Because these are non-GAAP measures, they are susceptible to varying calculations, and as presented, may not be directly compara ble to other similarly titled measures used by other companies. These Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP and should not be consi dered a substitute for GAAP. Please carefully review the Non-GAAP reconciliations to the most directly comparable GAAP measures and other related additional information provided. General note: items may not sum or recalculate due to rounding (Unaudited) ($ in millions) July 04, 2026 June 28, 2025 June 29, 2024 July 04, 2026 January 03, 2026 December 28, 2024 Net cash provided by operating activities 41.9$ 37.0$ 33.8$ 137.1$ 127.3$ 122.1$ Capital expenditures 11.3 5.4 8.1 30.2 23.7 27.0 Adjusted free cash flow 30.6$ 31.6$ 25.7$ 106.9$ 103.6$ 95.1$ Net income 21.9 11.4 13.6 71.4 48.4 39.0 (Gain) on sale of a business, net of CTA loss - - - (19.2) (18.8) - Goodwill impairment - - - 25.9 25.9 - Net income, less goodwill impairment 21.9$ 11.4$ 13.6$ 78.1$ 55.5$ 39.0$ Free cash flow conversion 140% 277% 189% 137% 187% 244% For The Twelve Months EndedFor The Three Months Ended
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24 PRO FORMA NON-GAAP NET SALES RECONCILIATION Non-GAAP Financial Measure: Net sales in constant currency is net sales adjusted for the impact of foreign currency translation. The impact from foreign currency translation is calculated by translating current period activity at average prior period exchange rates. Pro forma net sales is net sales less the Custom Fluidpower Pty. LTD (“CFP”). On September 27, 2025 the Company completed the sale of the outstanding equity interest in Guwing Holdings Pty. Ltd., and Guwing's 100% ownership of the share capital of Custom Fluidpower Pty. Ltd. ("CFP") to a non-related party. Net sales in constant currency and pro forma net sales are not a measure determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP. Nevertheless, Helios believes that providing Non-GAAP information such as net sales in constant currency and pro forma net sales is important for investors and other readers of Helios’ financial s tatements, as they are used as analytical indicators by Helios’ management to better understand operating performance. Because net sales in constant currency and pro forma net sales are Non -GAAP measures and thus susceptible to varying calculations, net sales in constant currency and pro forma net sales, as presented, may not be directly comparable to other similarly titled measures used by other companies. These Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP and should not be considered a substitute for GAAP. Please carefully rev iew the Non-GAAP reconciliations to the most directly comparable GAAP measures and other related additional information provided. * The impact from foreign currency translation is calculated by translating current period activity at average prior period exchange rates. General note: items may not sum or recalculate due to rounding (Unaudited) ($ in millions) Hydraulics Electronics Consolidated Net sales 146.4$ 85.5$ 231.9$ Impact of foreign currency translation * (2.4) (0.5) (2.9) Net sales in constant currency 144.0$ 85.0$ 229.0$ Net sales growth 5.5 13.9 19.4 % Change y/y 4% 19% 9% Growth in constant currency 3.1 13.4 16.5 % Change y/y 2% 19% 8% Pro forma growth in constant currency 18.1 13.4 31.5 % Change y/y 14% 19% 16% Hydraulics Electronics Consolidated Net sales 140.9$ 71.6$ 212.5$ Less: divestiture of CFP (15.0) - (15.0) Pro forma net sales 125.9$ 71.6$ 197.5$ For The Three Months Ended June 28, 2025 For The Three Months Ended July 04, 2026
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25 CASH CONVERSION CYCLE (Unaudited) ($ in millions) * Balances include assets held for sale July 04, 2026 June 28, 2025* July 04, 2026 January 3, 2026 December 28, 2024 Net sales (a) 232$ 212$ 891$ 839$ 806$ Accounts, receivable, net (b) 141$ 133$ 141$ 116$ 105$ Days sales outstanding (c) = ((b)/(a))*number of days during the period 55 57 59 51 47 Days inventory outstanding Cost of Sales (d) 152$ 145$ 593$ 568$ 554$ Average inventory (e) 192$ 194$ 196$ 189$ 203$ Days inventory outstanding (f)=((e)/(d))*number of day during the period 115 122 123 124 134 Days payable outstanding Cost of Sales (g) 152$ 145$ 593$ 568$ 554$ Accounts payable (h) 88$ 80$ 88$ 76$ 57$ Days payable outstanding (i) = ((h/(g))*number of days during the period 53 50 55 49 37 Cash conversion cycle (j) = (c)+(f)-(i) 118 129 126 126 144 For The Three Months Ended For The Twelve Months Ended
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26 Non-GAAP Financial Measure and Non-GAAP Forward-looking Financial Measures: Adjusted EBITDA is not a measure determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP. Nevertheless, Helios believes that providing Non- GAAP information such as adjusted EBITDA is important for investors and other readers of Helios’ financial statements, as the y are used as analytical indicators by Helios’ management to better understand operating performance. Because adjusted EBITDA is a Non-GAAP measures and is susceptible to varying calculations, adjusted EBITDA, as presented, may not be directly comparable to other similarly titled measures used by other companies. This Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP and should not be considered a substitute for GAAP. Please carefully review the Non-GAAP reconciliations to the most directly comparable GAAP measures and other related additional information provided. General note: items may not sum or recalculate due to rounding; TTM = trailing twelve months (Unaudited) ($ in millions) NET DEBT TO NON-GAAP ADJUSTED EBITDA RECONCILIATION As of As of July 04, 2026 June 28, 2025 Current portion of long-term non-revolving debt, net - 24.5 Revolving lines of credit 105.4 144.3 Long-term non-revolving debt, net 226.1 267.4 Total debt 331.5 436.2 Less: cash and cash equivalents 68.0 53.0 Net debt 263.5 383.2 TTM adjusted EBITDA 183.1 145.1 Ratio of net debt to TTM adjusted EBITDA 1.4 2.6
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H E L I O S T EC H N O L O G IE S . C O M 7 4 5 6 1 6 t h S t r e e t E a s t S a r a s o t a , F L 3 4 2 4 3 +1 - 941 - 3 62- 1 20 0