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1 2025 Morgan Stanley Laguna ConferenceGary Corona, Chief Financial OfficerSeptember 10, 2025
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22025 Morgan Stanley Laguna ConferenceSeptember 10, 2025 Forward-Looking Statement and Key DefinitionsCaution Concerning Forward-Looking StatementsThis presentation contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “forecasts,” “should,” “would,” “could,” “positioned,” “strategy,” “future,” “are confident,” or words, phrases, or terms of similar substance, or the negative thereof, are forward-looking statements. All projections in this presentation are also forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Among these factors are adverse effects on our business operations or financial results, including the overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including the Trachte and Electrical Products Group acquisitions; competition and pricing pressures in the markets we serve; impacts of tariffs; volatility in currency exchange rates, interest rates and commodity prices; inability to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices; inability to mitigate material and other cost inflation; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; increased risks associated with operating foreign businesses; the ability to deliver backlog and win future project work; failure of markets to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S. tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this presentation. nVent assumes no obligation, and disclaims any obligation, to update the information contained in this presentation.Key Definitions and NotesExcept as otherwise noted, all references to 2025 and 2024 represent our results for the period indicated, presented on an adjusted basis. “Organic Sales” refers to GAAP revenue excluding (1) the impact of currency translation and (2) the impact of revenue from acquired businesses recorded prior to the first anniversary of the acquisition less the amount of sales attributable to divested product lines not considered discontinued operations. Reportable segment income (“segment income”) represents operating income of each reportable segment exclusive of intangible amortization, acquisition related expenses, costs of restructuring activities, impairments and other unusual non-operating items. Adjusted operating income represents consolidated operating income exclusive of intangible amortization, acquisition related expenses, costs of restructuring activities, impairments and other unusual non-operating items. Return on sales (“ROS”) equals segment income divided by segment net sales or, on a consolidated basis, adjusted operating income divided by total net sales.Continuing OperationsIn July 2024 we announced an agreement to sell the Thermal Management business and this divestiture was completed in January 2025. Accordingly, the Company is reporting the results of that business as discontinued operations and has reclassified 2023 and 2024 results for all prior periods on a continuing operations basis. All results referenced throughout this presentation are on a continuing operations basis unless otherwise stated.
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3 $3.0BNet Sales21.7%ROS$2.49Adj. EPS$427MFree Cash FlowLeader in connection and protectionIndustryleading positions and strongbrandsWell positioned with electrification, sustainability and digitalization trendsAttractive margin profileHigh performance electrical company focused on Connection and Protection nVent Overview 3Electrical Connections39%Company CharacteristicsVerticalsSegmentsGeographiesIndustrial35%Energy3%Infrastructure33%Commercial & Residential29%Systems Protection61%EMEA18%APAC5%Americas77%13%50bps7%20%2024 Financials 2025 Morgan Stanley Laguna ConferenceSeptember 10, 2025
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4Focused on growth and transforming our processes to elevate our performance Evolution of Our nVent Strategy 2025 Morgan Stanley Laguna ConferenceSeptember 10, 2025
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527%Commercial/Resi>40%Infrastructure<25%Commercial/Resi2025 Morgan Stanley Laguna Conference (September 10, 2025)Internal estimate based on 2025E midpoint guidance nVent Portfolio Transformation Industrial46%12%16%InfrastructureIndustrial~30%<5%Energy Data SolutionsData SolutionsIndustrial Automation Commercial & InfrastructureIndustrialPower Utilities, Data Centers, Renewables 20192020202120242023Renewables2025EnergyPower Utilities, Data Centers, Renewables20172025ETransforming nVent to a more focused, higher growth electrical connection and protection companyVerticalsInfrastructure >40% of the portfolioData centers & power utilities each ~20% of portfolioBalancebetween short-cycle and long-cycle businesses~$3.8B$2.1BThermal ManagementDivestitureElectrical Products Group
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6Accelerating growth in the white space Data Center White Space Cable ManagementRacks and CabinetsLiquid CoolingPower DistributionEnclosuresBROAD & INNOVATIVE PORTFOLIOIT Precision SlidesPower Connections Leading with technical expertise, innovative designs and manufacturing capabilitiesPartnering with chip manufacturers and major data center players from hyperscalers, enterprise and multi-tenantLaunching expanded portfolio of cooling solutions in 2HRecord orders and backlogAI driving demand for innovative power and cooling solutionsIncreasing penetration of liquid cooling in data centers, growing 3X faster than legacy coolingGrowing modular data centersStrong growth driversPositioned to WinOutdoor Enclosures 2025 Morgan Stanley Laguna ConferenceSeptember 10, 2025
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7Accelerating growth in the gray space with Trachte and EPG acquisitions Data Center Gray SpaceAI driving gray space demandEnclosures required for data center powerTrend toward maximizing white space creates opportunity for outdoor enclosed gray space solutionsStrong Growth DriversPositioned to WinCable ManagementFocused sales initiative to drive core portfolio in gray space Trachte and EPG acquisition expand presence in the gray space and creates pull-through for core offeringsRecord orders and backlog Outdoor Enclosures Power ConnectionsEXPANDED PORTFOLIOEnclosures & CoolingGrounding & BondingLightning Protection 2025 Morgan Stanley Laguna ConferenceSeptember 10, 2025
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8 Summary: Our future is bright! nVent is well positioned to grow and create shareholder value Well positioned for growth with electrification, sustainabilityanddigitalization trendsPortfolio transformation on trackExpect strong sales andearnings growth with robust cash flowin 20252025 Morgan Stanley Laguna ConferenceSeptember 10, 2025
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9 9 Appendix andGAAP to Non-GAAP Measurements & Reconciliations
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10 Reported to Adjusted 2025 Reconciliation 2025 Morgan Stanley Laguna ConferenceSeptember 10, 2025
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11 Reported to Adjusted 2024 Reconciliation 2025 Morgan Stanley Laguna ConferenceSeptember 10, 2025
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12 Reported to Adjusted 2023 Reconciliation 2025 Morgan Stanley Laguna ConferenceSeptember 10, 2025
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13 Organic Sales Growth and Free Cash Flow Reconciliation 2025 Morgan Stanley Laguna ConferenceSeptember 10, 2025