Enerpac Tool : EPAC Investor Deck

Investor Overview

March 2024

Forward-Looking Statements

and Non-GAAP Measures

Statements made in this presentation that are not historical are forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. The terms "outlook," "guidance," "may," "should," "could," "anticipate," "believe," "estimate," "expect," "objective," "plan," "project" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to inherent risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements. 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, market conditions in the industrial, oil & gas, energy, power generation, infrastructure, commercial construction, truck and automotive industries, the impact of geopolitical activity, including the invasion of Ukraine by Russia and international sanctions imposed in response thereto, as well as the armed conflict involving Hamas and Israel, the ability of the Company to achieve its plans or objectives related to its growth strategy, market acceptance of existing and new products, market acceptance of price increases, successful integration of acquisitions, the impact of dispositions and restructurings, the ability of the Company to continue to achieve its objectives related to the ASCEND program, including any assumptions underlying its calculation of expected incremental operating profit or program investment, operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, 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, 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, 2023 and most recent report on Form 10-Q. 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. All estimates of future performance are as of December 19, 2023.

This presentation also contains financial measures that are not measures presented in conformity with GAAP. These non-GAAP measures include organic sales, EBITDA from continuing operations, adjusted EBITDA from continuing operations, adjusted earnings from continuing operations, adjusted diluted earnings per share from continuing operations, adjusted operating profit from continuing operations, segment adjusted operating profit and adjusted EBITDA, adjusted SG&A, free cash flow 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.

2

Strong Investment Potential

Premier industrial solutions provider serving

a broad and diverse set of customers globally for mission- critical applications

Exceptional channel partner network built over decades, creates competitive moat and enables truly global coverage

Well-defined organic growth strategy: expansion in targeted vertical markets, digital transformation, customer-driveninnovation, and expansion in Asia Pacific

ASCEND transformation structurally improving margin profile through commercial initiatives, operational efficiency improvements, and greater productivity in SG&A

Strong balance sheet & solid FCF generation enables a balanced capital allocation approach: investments to drive organic growth, strategic M&A, and opportunistic share repurchases

3

History of Enerpac Tool Group

Actuant (Spin-off From Applied Power) Was a Small Cap Diversified Industrial, With Enerpac as the Crown Jewel

2019

2021

PAUL STERNLIEB

YEARS OF

EXCELLENCE

2000

1927

1987

Applied Power

1910

American Grinder

& Manufacturing

2016-2021

Focused On:

• Realigning Segments and Portfolio Optimization
• Selling Non-core Businesses Including the EC&S Segment
• Rebranding as Enerpac Tool Group

Joins Enerpac as CEO

With Goals To:

• Take Organization to Next Level of Growth and Profitability
• Launch a Deep Dive, Holistic Review
• Flatten Organization
• Transform the Company via the ASCEND Program
• Develop and Launch New Growth Strategy

4

Accelerated Performance With ASCEND

Transformation & Growth Strategy

($ in millions, except per share)

Net Sales & Organic Growth*

Adjusted EBITDA & Margin (%)**

$598

$571

$529

+8%

organic

+11%

organic

$75

$136

22.8%

$83

+5%

organic

14.5%

14.1%

FY21

FY22

FY23

FY21

FY22

FY23

*Organic revenue growth excludes the impact of foreign exchange rates, acquisitions, and dispositions. **Adjusted EBITDA and adjusted EBITDA margin are non-GAAP measures and exclude restructuring and other
charges identified in the accompanying reconciliations to GAAP measures. FY22 Adjusted EBITDA includes $13M charge for increase in MENAC accounts receivable reserve, an approximate 230 bps impact to margin.	5

Business Overview

6

Premier Industrial Solutions Provider

OUR

MISSION

WE MAKE

COMPLEX,

OFTEN HAZARDOUS JOBS POSSIBLE

SAFELY AND

EFFICIENTLY

OUR

VALUES

SAFETY TEAMWORK

INTEGRITY AGILITY

OWNERSHIP

STRATEGIC PILLARS

HARD TO DO

TARGET MARKET

LEADERSHIP

SIMPLIFIED AND

STANDARDIZED PROCESSES

AND OPERATIONS

100+

Countries Served

~2100

Global Employees

~1000

Distributors

~$1.8B

Market Cap*

* As of March 1, 2024	7

Geographic

Diversity

	EMEA
	37%
	SALES OF
	$598M
	IN FISCAL 2023
Americas	APAC
14%
49%

GLOBAL	PLANT	OFFICE	OTHER
HEADQUARTERS	Manufacturing/Assembly	Sales Office/General Office	Service Center/Warehouse/Other

GLOBAL COVERAGE

ALLOWS US TO

Better Serve Our

Customers

Producing Near

Our Customers

=

Quicker

Response Time

Understanding

Local Market Needs

and Demand

Some Projects

Require In-country

Production

Low-cost

Manufacturing/

Sourcing Drives

Competitive Margins

Geographic

Diversification of Sales

Reduces Exposure to

Regional Economic

Volatility

8

Large, Fragmented

Vertical Markets Provide

Growth Opportunities

FY23 Estimated End-Market Exposure*

Refining/Petrochemical	~27%
General Industrial	~23%
Industrial MRO, Machining, & Mfg	~14%
Power Generation	~10%
Infrastructure	~9%
Mining	~9%
Other	~8%

*Represents the Company's best estimate of end market revenues by category. Estimated revenue mix for Rail is included in the Infrastructure category and Wind is included in Power Generation. The "Other"
category includes the Company's best estimated exposure to Shipbuilding, Automotive, Aerospace, Off-Hwy Vehicle Repair, Military, Paper & Wood, Marine, Rescue, and other.	9

Globally Recognized

Leader in Industrial

Tools and Services

STRONG BRAND

RECOGNITION

PREMIUM INDUSTRIAL TOOLS

HEAVY LIFTING

FY23 Revenue Mix

PRODUCTS

Cylinders/Jacks, Pumps,

Bolting Tools, Presses,

Pullers, Tools, Heavy

Lifting Technology (HLT)

EXTENSIVE GLOBAL DISTRIBUTION

~1,000 Long-standing Distribution Relationships

SERVICE & RENTAL

Bolting, Machining

and Joint Integrity

DIVERSIFIED CUSTOMER BASE

Specialty Dealers

National Distribution

Large OEMs

SERVICE RENTAL TRAINING

18%

82%

Product Service

10