Enerpac Tool : Q3 2024 Earnings Conference Call Presentation

Q3 FY24 Earnings

June 25, 2024

1

Advancing Enerpac's

Corporate Strategy

3

Q3 FY24 Results

($ in millions)
	Net Sales	Net Sales	Organic
	3Q23	3Q24	Growth*
Industrial Tools & Service (IT&S)	$144	$146	+1.8%

IT&S Product

$118

$118

+0.5%

IT&S Service

$26

$28

+7.3%

Other	**	$12	$4	-14.2%

Enerpac Tool Group

$156

$150

+1.2%

*Organic net sales is a non-GAAP measure and excludes the impact of foreign exchange rates, acquisitions, and dispositions identified in the accompanying reconciliations to GAAP measures.
**3Q23 Other segment included revenues from the divested Cortland Industrial.	4

Continued Operational and SG&A Efficiency Gains

Gross Profit Margin

51.8%

49.8%

3Q23

3Q24

SG&A %

Adjusted SG&A %*

32.7%
	29.1%
		27.5%	27.0%
3Q23	3Q24	3Q23	3Q24

*Adjusted SG&A expense is a non-GAAP measure and excludes restructuring and other charges identified in the accompanying reconciliations to GAAP measures.

5

Driving EBITDA & Margin Expansion

($ in millions)

Adjusted EBITDA*

Adjusted EBITDA Margin*

$40

$37

26.4%

24.0%

3Q23

3Q24

3Q23

3Q24

*Adjusted EBITDA and adjusted EBITDA margin are non-GAAP measures and exclude restructuring and other charges identified in the accompanying reconciliations to GAAP measures.

6

Year-to-Date Gains

Organic Growth*

+2.8%

IT&S Organic Growth

+3.4%

Adjusted EBITDA**

+13.1%

Adjusted EBITDA Margin

25.3% (+330 bps)

Free Cash Flow

+66%

	*Organic net sales is a non-GAAP measure and excludes the impact of foreign exchange rates, acquisitions, and dispositions identified in the accompanying reconciliations to GAAP measures.
	**Adjusted EBITDA and adjusted EBITDA margin are non-GAAP measures and exclude restructuring and other charges identified in the accompanying reconciliations to GAAP measures.	7
	The Company calculates free cash flow as cash from operations less capital expenditures.

Strong Liquidity &

Balance Sheet

($ in millions)

Cash & Equivalents	$132
Revolver Capacity (Undrawn)	$399
Total Liquidity	$531
Total Debt	$196
Net Debt/Adj. EBITDA*	0.5x

Asset-Light Model Enables Strong FCF**

$78

$69

$54$52

$42$44

$12	$8	$9
	FY21		FY22		FY23

Balanced Capital

Allocation Strategy

Invest in Ourselves

Disciplined M&A

Investments in Digital, Product

Innovation, R&D, Operational

Excellence Improvements

Maintain Our Strong	Opportunistically
Balance Sheet	Returning Capital
Target Leverage of	to Shareholders
1.5x - 2.5x	~3M shares remaining on
	current 10M share
	repurchase authorization

	*As of May 31, 2024, calculated in accordance with the terms of the Company's September 2022 senior credit facility.	8
	**The Company calculates free cash flow as cash from operations less capital expenditures.

Tightening

FY24 Guidance

Key Assumptions:

• Targeting to outperform industry and gain market share
• No broad-based global recession

Depreciation & Amortization ~$13 - $15M
Interest Expense	~$14 - $16M
Adjusted Tax Rate	~20 - 25%
Cash Taxes	~$22 - $24M
Capex	~$8 - $13M
ASCEND Costs	~$10 - $15M*
Key FX Rates	$1.08/1€, $1.25/1£

N E T S A L E S

$585 - $590M

~2-3% Organic Growth (previously ~2-4%)

A D J . E B I T D A

$147 - $150M

Previously $142-$152M

F R E E C A S H F L O W

$60 - $70M

*ASCEND costs of $10-$15 million are inclusive of $3-$5 million from restructuring

9

IT&S Organic Growth by Region*

Region

3Q23

3Q24

FY23 IT&S

Regional Sales

APAC

14%

Americas

46%

EMEA

39%

*Organic net sales is a non-GAAP measure and excludes the impact of foreign exchange rates, acquisitions, and dispositions.	10