4th Quarter Earnings Conference Call

May 27, 2021

David M. Shaffer

Director, President and Chief Executive Officer

Michael J. Schmidtlein

Executive Vice President and Chief Financial Officer

Forward-Looking Information

As a reminder, we will be presenting certain forward-looking statements on this call that are based on Management's current expectations and views regarding future events and operating performance and are subject to uncertainties and changes in circumstances. Our actual results may differ materially from the forward-looking statements for a number of reasons. Our forward-looking statements are applicable only as of the date of this presentation. For a list of the factors which could affect our future results, including our earnings estimates, see forward-looking statements included in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations," set forth in our Annual Report on Form 10-K for the fiscal quarter ended March 31, 2021, which was filed with the U.S. Securities and Exchange Commission.

In addition, we will also be presenting certain non-GAAP financial measures. For an explanation of the differences between the comparable GAAP financial information and the non-GAAP information, please see our company's Form 8-K which includes our press release dated May 26, 2021, which is located on our web site at www.enersys.com.

May 27, 2021

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2

Sales & Earnings Grew Despite

Unprecedented Challenges

  • EPS of $1.30, near top end of guidance
  • Energy Systems saw customer delays in higher margin business from availability and higher input costs
  • Motive Power and Specialty businesses are accelerating
  • Operating Cashflow generation record of $358M, leverage at 1.7x
  • Post Covid demand surge

All our businesses positioned to take advantage of tremendous market opportunities

May 27, 2021

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Energy Systems

    • Input cost pressures from tariffs, commodity prices & higher freight costs
  • Telcos pursuing mid spectrum 5G build out facing shortages of electrical components and labor
  • MSO's building own wireless networks
  • Renewables continue to expand with legislative push
  • Industrial / Utility business lines are seeing favorable trends for infrastructure
  • Datacenter markets improving as COVID site restrictions are lifted
  • Spectrum auctions big outlays may delay increased capex for 5G

Order book is strong; need to manage supply chain & shortages

May 27, 2021

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Motive Power

    • OEMs struggled to meet increase in demand
  • Backlog up 24+% yr/yr due to pent up demand, continued global recovery and re- openings.
    • April WITS data shows trailing 3 month forklift truck orders up 86% over prior year but OEM shipments have actually declined slightly in 2021
  • Margin expansion due to sales of higher margin products and opex flexing
  • We launched our NexSys® Ion this quarter with good initial acceptance
  • Facing supply chain issues and inflation pressures countered with price increases
  • Richmond now running smoothly; Hagen restructuring starting to pay off

Fulfill growing demand while overcome supply issues and offset inflation

May 27, 2021

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EnerSys Inc. published this content on 27 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 21:20:02 UTC.