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Q2 2026 Earnings August 4 , 2026 Versigent
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Forward-Looking Statements This presentation contains forward -looking statements that reflect, when made, Versigent’s current views with respect to current events, certain investments and acquisitions, business plans and financial performance. Such forward -looking statements are subject to many risks, uncertainties and factors relating to Versigen t’s operations and business environment, which may cause the actual results of Versigent to be materially different from any future results, expressed or implied, by such forward -looking statements. All statements that address future operating, financial or business performance or Versigent’s strategies or expectations are forward -looking statements. In some cases, you can identify t hese statements by forward -looking words such as “may,” “might,” “should,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outloo k” or “continue,” and other comparable terminology. Factors that could cause actual results to differ materially from these forward -looking statements include, but are not limited to, the following: disrup tions in the supply of raw materials and other supplies integral to our products; future significant public health crises and other global health crises and the measures taken in response thereto; a prolonged recession and/or a downturn in global automotive sales; the volatile global economic environment and geopolitical conditions, including conditions affecting the credit market and global inflationary pressures; our reliance on relationships with collaborative partners and other third parties for product development and such parties’ failure to perform; employee strikes and labor -related disruptions involving us or one or more of our customers affecting our operations; fluctuations in interest rates and foreign currency exchange rates; our failure to comply with the numerous l aws and regulations to which we are subject; adverse developments affecting one or more of our suppliers; any adverse impact of legal proceedings and disputes in which we are involved; challe nges to our historical and future tax positions by taxing authorities; an increase in our tax burden due to ongoing or future tax audits; our failure to attract and retain key salaried employees and management personnel; our failure to manage the transition to a standalone public company; and our failure to achieve some or all of the benefits expected from the Spin -Off. Additional factors are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Versigent’s filings with the Secur ities and Exchange Commission, including those set forth in the Company’s Information Statement furnished with the Company’s Registration Statement on Form 10 -12B/A filed on March 6, 2026. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect Versigent. It should be remembered that the price of the ord inary shares and any income from them can go down as well as up. Versigent disclaims any intention or obligation to update or revise any forward -looking statements, whether as a result of new i nformation, future events and/or otherwise, except as may be required by law. Use of Non-GAAP Financial Measures In addition to its reported results calculated in accordance with U.S. GAAP, the Company has included in this presentation Ad justed Net Sales Growth, Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS, performance measures, and Free Cash Flow, Net Debt and Net Leverage Ratio, liquidity measures, that the Securities and Exchange Commission defines as “non -GAAP financial measures”. Adjusted Net Sales Growth represents the change in reported net sales relative to the comparable period, excluding the impact on net sales from currency exchange and commodity movements. Adjusted EBITDA represents net income (loss) attributable to Versigent before depreciation and amortizat ion (including asset impairments), interest expense, income tax (expense) benefit, net (loss) income attributable to noncontrolling interest, other income (expense), net, equity income (los s), net of tax, restructuring, separation costs related to the Spin -Off, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execu te product portfolio transformation actions, including business and product acquisitions and divestitures) and other special items. Adjusted EBITDA margin represents Adjusted EBITDA as a percen tage of net sales. Adjusted Net Income represents net (loss) income attributable to Versigent before amortization, restructuring, separation costs related to the Spin -Off, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisit ions and divestitures) and other special items, including the tax impact thereon. Adjusted Diluted EPS represents Adjusted Net Income divided by the weighted average number of diluted shares outstan ding for the period. Free Cash Flow represents net cash provided by (used in) operating activities less capital expenditures. Net Debt represents total debt less cash and cash equivalents. N et Leverage Ratio represents Net Debt divided by the trailing 12 months of Adjusted EBITDA. Management believes these non -GAAP financial measures are useful to both management and investors in their analysis of the Compa ny’s financial position, results of operations and liquidity. In particular, management believes Adjusted Net Sales Growth, Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS and Fr ee Cash Flow are useful measures in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provide improved compar ability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and that may obscure underlying business results and trends. Management also uses these non-GAAP financial measures for internal planning and forecasting purposes. Such non-GAAP financial measures are reconciled to the most directly comparable U.S. GAAP financial measures in Appendix. Non -GAAP financial measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with U.S. GAAP and, as calculated, may not be co mparable to other similarly titled measures of other companies. Q2 2026 Earnings | 2
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 3 Further strengthen market leading position • Increase share by leveraging full-service capabilities and best-in-class operating model • Leverage scale and capabilities in Automotive and other high-value end markets Business Priorities Unlocking value for shareholders as an independent company Continue to optimize cost structure • Leverage design capabilities and tools to expand automation deployment • Continue to optimize manufacturing footprint Consistently deliver strong financial results • Sustain Automotive growth and strategically augment in target end markets • Leverage scale for strong free cash flow generation Deliver incremental value through disciplined capital deployment • Competitive dividendto shareholders, with excess cash towards share repurchases • Invest in organic and inorganic growth opportunities
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 4 Initiated Shareholder Returns • Initiated quarterly dividend o $0.13 per ordinary share • $250M share repurchase authorization available Adjacent Market Expansion • Q2 production launches in key growth areas include: o Agriculture (Americas, EMEA) o Commercial Vehicles (EMEA) Strong Financial Performance • Net Sales +11% YoY o Adjusted Net Sales Growth1 +5% YoY • Adjusted EBITDA1 $272M, +25% YoY o Adjusted EBITDA1 margin 11.1%, +120 bps YoY • Free Cash Flow1 $107M Commercial Momentum • $2.8B Q2 bookings2 across new and existing customers • 39 launches globally across 22 customers in Q2 • Customer recognition, including Podio Ferrari Excellence Award Q2 2026 Highlights (1) Non-GAAP measure. Refer to Appendix for further details and reconciliation to most directly comparable U.S. GAAP measure. (2) Bookings represent estimated cumulative net sales associated with customer programs awarded during the period over their expected production lives. Estimates are based on current program content, volume and production life assumptions and are subject to change. Advancing our strategy while delivering profitable growth and shareholder value
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Financial Results Q2 2026 Earnings | 5
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 6 $ millions, except per share amounts Q2 2026 Q2 2025 YoY Commentary Net Sales $2,444 $2,206 +11% • Growth achieved despite lower global automotive production • Includes ~200 bps favorable FX impact and ~400 bps favorable commodity pass-throughs Adjusted Net Sales1 $2,308 n/a +5% • Growth driven by higher volumes in North America and Asia Pacific Adjusted EBITDA1 Margin $272 11.1% $218 9.9% +25% +120 bps • Reflects disciplined operating execution and higher volumes • Q2 2026 includes $7M IEEPA tariff refunds • Q2 2026 margin includes ~50 bps net headwind from FX and commodity related passthroughs Adjusted Diluted EPS1, 2 $1.92 $1.89 +2% • Q2 2026 net income attributable to Versigent of $118M • Q2 2026 adjusted ETR 27% Free Cash Flow1 $107 $108 (1)% • Strong operating performance and Adjusted EBITDA1 growth • Q2 2026 CapEx of $51M supports high launch activity in H2 2026 • Q2 2026 includes $22M of separation-related costs Q2 2026 Financial Highlights (1) Non-GAAP measure. Refer to Appendix for further details and reconciliation to most directly comparable U.S. GAAP measure. (2) For periods prior to the Spin-Off, the denominator for Adjusted Diluted EPS was calculated using the 70.89 million Versigent ordinary shares outstanding immediately following the Apr 1 '26 Spin-Off.
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 7 Regional Net Sales $120 $(18) $40 $96 Q2 2025 Volume Net Pricing FX Commodity Impacts Q2 2026 Q2 Net Sales +11% $ millions +5% Adjusted Net Sales Growth1 Q2 2026 Earnings | 7 Americas Asia Pacific Adjusted* $1,095M +6% YoY+11% YoY Adjusted* EMEA $825M +15% YoY+24% YoY Adjusted* $524M (11)% YoY(6)% YoY *Adjusted Net Sales Growth1 $2,444 $2,206 (1) Non-GAAP measure. Refer to Appendix for further details and reconciliation to most directly comparable U.S. GAAP measure.
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 8 $30 $(18) $13 $(9) $38 Q2 2025 Volume Net Pricing FX Commodity Impacts Net Performance Q2 2026 Q2 Adjusted EBITDA1 $272 $218 $ millions % = Adjusted EBITDA1 Margin 9.9% 11.1% +25% Includes: $7M IEEPA tariff refunds (1) Non-GAAP measure. Refer to Appendix for further details and reconciliation to most directly comparable U.S. GAAP measure.
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 9 Financial Position Free Cash Flow Q2 Free Cash Flow1 and Financial Position (1) Non-GAAP measure. Refer to Appendix for further details and reconciliation to most directly comparable U.S. GAAP measure. $ millions Q2 2026 Q2 2025 YoY Adjusted EBITDA1 $272 $218 $54 Capital expenditures (51) (42) (9) Separation costs (22) (2) (20) Restructuring payments (11) (10) (1) Tax payments (26) (30) 4 Interest payments (2) (1) (1) Working capital & other (53) (25) (28) Free Cash Flow1 $107 $108 $(1) Free Cash Flow 1 Generation and Balance Sheet Strength Support Shareholder Returns Strong liquidity and leverage profile as of Jun 30 ’26: • $1.4B total liquidity available o $554M cash on hand o $850M revolver undrawn • Net Leverage Ratio1 of 1.8x
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 10 Updated FY 2026 Financial Guidance $ millions Current FY 2026 Previous FY 2026 (May 5 ‘26) Net Sales Adjusted Net Sales Growth % 1,2 $9,400 – $9,600 +2% $9,100 – $9,400 +2% Adjusted EBITDA3 $950 – $1,030 $950 – $1,030 Free Cash Flow3 $200 – $300 Includes ~$70M of separation-related costs $200 – $300 Includes ~$70M of separation-related costs (1) Forward-looking non-GAAP measure. Refer to Appendix for further details and reconciliation to most directly comparable U.S. GAAP measure. (2) FY 2026 FX and commodity assumptions as follows: Copper = 6.00, USD/MXN = 17.50, EUR/USD = 1.16, USD/CNY = 6.80. (3) Forward-looking non-GAAP measure. The Company does not provide a reconciliation of such forward-looking measure to the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP because to do so would be potentially misleading and not practical given the difficulty of projecting event-driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant. Refer to Appendix for definitions of Non-GAAP financial measures. Raised and tightened Net Sales guidance based on higher commodity pass-throughs and FX impacts Reaffirmed Adjusted EBITDA 3 and Free Cash Flow 3 guidance
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 11 Capital Allocation Quarterly Dividend 2 • $0.13 per share dividend declared on Aug 3 ‘26 o Record date: Sept 4 ‘26; Payment date: Sept 18 ‘26 Share Repurchases • $250M share repurchase authorization available Capital Allocation Framework Free Cash Flow1 ~$1B Cumulative FCF Generation 2026E to 2028E (1) Forward-looking non-GAAP measure. The Company does not provide a reconciliation of such forward-looking measure to the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP because to do so would be potentially misleading and not practical given the difficulty of projecting event-driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant. Refer to Appendix for definitions of Non-GAAP financial measures. (2) The declaration and payment of future dividends are subject to the discretion of the Company’s Board of Directors and will depend on the Company’s financial condition, results of operations, cash requirements, and other factors deemed relevant by the Board of Directors. Capital Expenditures • Target ~3% of annual net sales
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 12 Summary Creating Value Through Disciplined Execution Leveraging our scale, customer relationships, and operating discipline to drive profitable growth Delivered strong second quarter results despite a dynamic industry backdrop Raised and tightened FY 2026 net sales guidance and initiated a quarterly dividend, reflecting confidence in our outlook and disciplined capital allocation Executing today while investing in the capabilities that will drive future growth and value creation Q2 2026 Earnings | 12
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Supplemental Information Non-GAAP Financial Measures (unaudited) Adjusted Net Sales Growth – Adjusted Net Sales Growth is presented as a supplemental measure of the Company’s financial performance which management believes is useful to investors in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Our management utilizes Adjusted Net Sales Growth in its financial decision-making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted Net Sales Growth is defined as the change in reported net sales relative to the comparable period, excluding the impact on net sales from foreign currency and commodity movements. Not all companies use identical calculations of Adjusted Net Sales Growth, therefore this presentation may not be comparable to other similarly titled measures of other companies. Adjusted EBITDA – Adjusted EBITDA is presented as a supplemental measure of the Company’s financial performance which management believes is useful to investors in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Our management utilizes Adjusted EBITDA in its financial decision- making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted EBITDA is defined as net income (loss) attributable to Versigent before depreciation and amortization (including asset impairments), interest expense, income tax (expense) benefit, net (loss) income attributable to noncontrolling interest, other income (expense), net, equity income (loss), net of tax, restructuring, separation costs related to the Spin-Off, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures) and other special items. Not all companies use identical calculations of Adjusted EBITDA, therefore this presentation may not be comparable to other similarly titled measures of other companies. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of net sales. Adjusted Net Income and Adjusted Diluted EPS – Adjusted Net Income and Adjusted Diluted EPS, which are non-GAAP financial measures, are presented as supplemental measures of the Company’s financial performance which management believes are useful to investors in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provide improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Management utilizes Adjusted Net Income and Adjusted Diluted EPS in its financial decision-making process, to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted Net Income represents net (loss) income attributable to Versigent before amortization, restructuring, separation costs related to the Spin-Off, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures) and other special items, including the tax impact thereon. Adjusted Diluted EPS is defined as Adjusted Net Income divided by the weighted average number of diluted shares outstanding, for the period. Not all companies use identical calculations of Adjusted Net Income and Adjusted Diluted EPS, therefore this presentation may not be comparable to other similarly titled measures of other companies. Free Cash Flow – Free Cash Flow is presented as a supplemental measure of the Company’s liquidity, which is consistent with the basis and manner in which management presents financial information for the purpose of making internal operating decisions, evaluating its liquidity and determining appropriate capital allocation strategies. Management believes this measure is useful to investors to understand how the Company’s core operating activities generate and use cash. Free Cash Flow is defined as net cash provided by (used in) operating activities less capital expenditures. Not all companies use identical calculations of Free Cash Flow, therefore this presentation may not be comparable to other similarly titled measures of other companies. The calculation of Free Cash Flow does not reflect cash used to service debt, pay dividends or repurchase shares and therefore, does not necessarily reflect funds available for investment or other discretionary uses. Net Debt and Net Leverage Ratio – Net Debt and Net Leverage Ratio are presented as supplemental measures of the Company’s liquidity, which is consistent with the basis andmanner in which management presents financial information for the purpose of making internal operating decisions, evaluating itsliquidity and determiningappropriate capitalallocation strategies. Net Debt isdefined as total debt less cash and cash equivalents. Net Leverage Ratio is defined as Net Debt divided by the trailing 12 months of Adjusted EBITDA. We believe that Net Debt and Net Leverage Ratio are meaningful measures of financial condition as they are commonly used by management, investors and creditors to assess capital structure risk. Not all companies use identical calculations of Net Debt and Net Leverage Ratio,therefore this presentation may not be comparable to other similarly titled measures of other companies. Q2 2026 Earnings | 14
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 15 YTD Results (1) Non-GAAP measure. Refer to Supplemental Information included herein for further details and reconciliation to most directly comparable U.S. GAAP measure. (2) For periods prior to the Spin-Off, the denominator for Adjusted Diluted EPS was calculated using the 70.89 million Versigent ordinary shares outstanding immediately following the Apr 1 '26 Spin-Off. $ millions, except per share amounts YTD 2026 YTD 2025 YoY Net Sales $4,656 $4,230 +10% Adjusted Net Sales1 $4,398 n/a +4% Adjusted EBITDA1 Margin $475 10.2% $416 9.8% +14% +40 bps Adjusted Diluted EPS1, 2 $3.98 $3.51 +13% Free Cash Flow1 $77 $111 (31)%
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 16 Regional Net Sales $180 $(12) $106 $152 YTD 2025 Volume Net Pricing FX Commodity Impacts YTD 2026 YTD Net Sales +10% $ millions +4% Adjusted Net Sales Growth1 Q2 2026 Earnings | 16 Americas Asia Pacific Adjusted* $2,059M +6% YoY+11% YoY Adjusted* EMEA $1,564M +13% YoY+20% YoY Adjusted* $1,033M (11)% YoY(3)% YoY *Adjusted Net Sales Growth1 $4,656 $4,230 (1) Non-GAAP measure. Refer to Supplemental Information included herein for further details and reconciliation to most directly comparable U.S. GAAP measure.
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 17 YTD Adjusted EBITDA1 (1) Non-GAAP measure. Refer to Supplemental Information included herein for further details and reconciliation to most directly comparable U.S. GAAP measure. $44 $(12) $(5) $(40) $72 YTD 2025 Volume Net Pricing FX Commodity Impacts Net Performance YTD 2026 $475 $416 $ millions % = Adjusted EBITDA1 Margin 9.8% 10.2% +14% Includes: $7M IEEPA tariff refunds
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 18 YTD Free Cash Flow1 $ millions YTD 2026 YTD 2025 YoY Adjusted EBITDA1 $475 $416 $59 Capital expenditures (117) (79) (38) Separation costs (48) (7) (41) Restructuring payments (37) (28) (9) Tax payments (50) (57) 7 Interest payments (3) (2) (1) Working capital & other (143) (132) (11) Free Cash Flow1 $77 $111 $(34) (1) Non-GAAP measure. Refer to Supplemental Information included herein for further details and reconciliation to most directly comparable U.S. GAAP measure.
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 19 Reconciliation of Net Sales to Adjusted Net Sales Growth Q2 2026 YTD 2026 Reported net sales YoY % change 11% 10% Global Less: impact of foreign currency movements (2)% (2)% Less: impact of commodity movements (4)% (4)% Adjusted Net Sales Growth 5% 4% Americas Reported net sales YoY % change 11% 11% Less: impact of foreign currency and commodity movements (5)% (5)% Adjusted Net Sales Growth 6% 6% Asia Pacific Reported net sales YoY % change 24% 20% Less: impact of foreign currency and commodity movements (9)% (7)% Adjusted Net Sales Growth 15% 13% EMEA Reported net sales YoY % change (6)% (3)% Less: impact of foreign currency and commodity movements (5)% (8)% Adjusted Net Sales Growth (11)% (11)% FY 2026 Guidance Midpoint Reported net sales YoY % change 8% Global Less: impact of foreign currency and commodity movements (6)% Adjusted Net Sales Growth 2%
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 20 Reconciliation of Net Income Attributable to Versigent to EBITDA and Adjusted EBITDA and Net Leverage Ratio $ millions Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 TTM Jun 2026 YTD 2026 YTD 2025 Net income attributable to Versigent 107 109 217 78 118 522 196 202 Interest expense1 1 ̶ ̶ 5 36 41 41 3 Income tax (benefit) expense 21 54 (110) (9) 46 (19) 37 50 Net (loss) income attributable to noncontrolling interest 5 4 8 3 (2) 13 1 6 Depreciation and amortization 59 55 61 61 51 228 112 111 EBITDA 193 222 176 138 249 785 387 372 Other expense, net1 ̶ ̶ 3 1 6 10 7 1 Equity income, net (3) (3) (2) (4) (5) (14) (9) (8) Restructuring 25 21 24 46 ̶ 91 46 41 Separation costs and other special items 2 7 28 26 22 83 48 7 Net gain on lease terminations ̶ ̶ ̶ (4) ̶ (4) (4) ̶ Other acquisition and portfolio project costs 1 1 ̶ ̶ ̶ 1 ̶ 3 Adjusted EBITDA 218 248 229 203 272 952 475 416 Total debt 2,224 Less: cash and cash equivalents (554) Net Debt 1,670 Net Leverage Ratio 1.8x Memo: Net sales 2,206 2,286 2,302 2,212 2,444 9,244 4,656 4,230 Net income margin 4.9% 4.8% 9.4% 3.5% 4.8% 5.6% 4.2% 4.8% Adjusted EBITDA Margin 9.9% 10.8% 9.9% 9.2% 11.1% 10.3% 10.2% 9.8% (1) Prior period amounts were reclassified to conform to current period presentation.
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 21 Reconciliation of Net Income Attributable to Versigent to Adjusted Net Income and Adjusted Diluted EPS $ millions, except per share amounts Q2 2026 Q2 2025 YTD 2026 YTD 2025 Net income attributable to Versigent 118 107 196 202 Adjusting items: Amortization ̶ 1 1 1 Restructuring ̶ 25 46 41 Separation costs 22 2 48 7 Other acquisition and portfolio project costs ̶ 1 ̶ 3 Asset impairments ̶ 3 7 3 Net gain on lease terminations ̶ ̶ (4) ̶ Pension curtailment and settlement losses 2 ̶ 6 ̶ Separation-related interest expense ̶ ̶ 2 ̶ Tax impact of adjusting items1 (4) (5) (18) (8) Adjusted Net Income 138 134 284 249 Weighted average number of diluted shares outstanding2 71.88 70.89 71.39 70.89 Diluted earnings per share attributable to Versigent 1.64 1.51 2.75 2.85 Adjusted Diluted EPS 1.92 1.89 3.98 3.51 (1) Represents the income tax impacts of the adjustments made for amortization, restructuring and other special items by calculating the income tax impact of these items using the appropriate tax rate for the jurisdiction where the charges were incurred. (2) For periods prior to the Spin-Off, the denominator for Adjusted Diluted EPS was calculated using the 70.89 million Versigent ordinary shares outstanding immediately following the Apr 1 '26 Spin-Off.
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line Q2 2026 Earnings | 22 Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow $ millions Q2 2026 Q2 2025 YTD 2026 YTD 2025 Net cash provided by operating activities 158 150 194 190 Capital expenditures (51) (42) (117) (79) Free Cash Flow 107 108 77 111
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Data color order: Footer Never change the footer text on individual slides. Change, turn on or off by using Insert Header & Footer Enter / change text Click Apply All. No content below the line No content above the line Main content area Slide title area No content right of the lineNo content left of the line