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Vertiv — Download May 19, 2026 Presentation (company IR deck)
Vertiv (VRT) · 56 slides · Filed May 19, 2026
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Slide 1 — May 19-20, 2026
May 19-20, 2026 Greenville, South Carolina USA
Slide 2 — Cautionary Statement Regarding Forward-Looking Statements
© 2026 Vertiv. All Rights Reserved. Cautionary Statement Regarding Forward-Looking Statements 2 These presentations, and other statements that Vertiv may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv’s future financial or business performance, strategies or expectations, and as such are not historical facts. This includes, without limitation, statements regarding Vertiv’s financial position, capital structure, indebtedness, business strategy and plans and objectives of Vertiv management for future operations, as well as statements regarding growth, anticipated demand for our products and services and our business prospects during 2026, as well as expected impacts from our pricing actions, statements regarding our guidance for second quarter, full year 2026 and future periods and statements regarding tariffs, global trade and any actions we may take in response thereto. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Vertiv cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this presentation, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Vertiv’s control) or other assumptions, which may change over time, and that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Vertiv has previously disclosed risk factors in its Securities and Exchange Commission (“SEC”) reports, including those set forth in the its Form 10-K for the year ended December 31, 2025 filed on February 13, 2026 and Form 10-Q filed on April 22, 2026. These risk factors and those identified elsewhere in these presentations, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: risks relating to a continued growth of our customers’ markets; long sales cycles for certain Vertiv products and solutions offerings, as well as unpredictable placing or cancelling of customer orders; failure to realize sales expected from our backlog of orders and contracts; disruption of or consolidation in our customers’ markets, or categorical shifts in customer technology spending; less leverage with large customer contract terms; failure to mitigate risks associated with long-term fixed price contracts; competition in the industry in which we operate; failure to obtain performance and other guarantees from financial institutions; risks associated with governmental contracts; failure to properly manage production cost changes and supply chain; Failure to anticipate market change and competition in the infrastructure technologies; risks associated with information technology disruption or cyber-security incidents; risks associated with the implementation and enhancement of information systems; failure to realize the expected benefit from any rationalization, restructuring, and improvement efforts; disruption of, or changes in, Vertiv’s independent sales representatives, distributors and original equipment manufacturers; increase of variability in our effective tax rate costs or liabilities associated with product liability due to global operations subjecting us to income and other taxes in the United States (“U.S.") and numerous foreign entities; costs or liabilities associated with product liability and damage to our reputation and brands; the global scope of Vertiv’s operations, especially in emerging markets; failure to benefit from future significant corporate transactions; risks associated with Vertiv’s sales and operations and expanding global production facilities; risks associated with future legislation and regulation of Vertiv’s customers’ markets; our ability to comply with various laws and regulations, including, but not limited to, laws and regulations relating to data protection and data privacy; failure to properly address legal compliance issues, particularly those related to imports/exports, anti-corruption laws, and foreign operations; risks associated with foreign trade policy, including tariffs or global trade conflicts; risks associated with litigation or claims against the Company, including the risk of adverse outcomes in any such legal claims or proceedings; our ability to protect or enforce our proprietary rights on which our business depends; third party intellectual property infringement claims; liabilities associated with environmental, health and safety matters; failure to achieve environmental, social and governance goals; failure to realize the value of goodwill and intangible assets; exposure to fluctuations in foreign currency exchange rates; failure to remediate material weaknesses in our internal controls over financial reporting; our level of indebtedness and ability to comply with the covenants and restrictions contained included in our credit agreements; our ability to access funds through capital markets; resales of Vertiv securities may cause volatility in the market price of our securities; our organizational documents contain provisions that may discourage unsolicited takeover proposals; our certificate of incorporation includes a forum selection clause, which could discourage or limit stockholders’ ability to make a claim against it; the ability of our subsidiaries to pay dividends; factors relating to the business, operations and financial performance of Vertiv and its subsidiaries, including: global economic weakness and uncertainty; our ability to attract, train and retain key members of our leadership team and other qualified personnel; the adequacy of our insurance coverage; fluctuations in interest rates materially affecting our financial results and increasing the risk our counterparties default on our interest rate hedges; our incurrence of significant costs and devotion of substantial management time as a result of operating as a public company; expected expenses related to integration of our acquisitions; the possible diversion of management time on issues related to integration of our acquired businesses; the ability of Vertiv to maintain relationships with customers and suppliers of our acquired businesses; and the ability of Vertiv to retain management and key employees of our acquired businesses and other risks and uncertainties indicated in Vertiv’s SEC reports or documents filed or to be filed with the SEC by Vertiv. These presentations also include certain non-GAAP financial measures, such as organic net sales growth, adjusted operating profit, adjusted operating margin, adjusted diluted EPS and adjusted free cash flow, that may not be directly comparable to other similarly titled measures used by other companies and therefore may not be comparable among companies. The Company has provided reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures in the Appendix of the Financial presentation and our current earnings release dated April 22, 2026, which are available on the Company’s website at investors.vertiv.com. Information reconciling certain forward-looking GAAP measures to non-GAAP measures related to second quarter, full year 2026 guidance and other future periods, including organic net sales growth, adjusted operating margin, and adjusted free cash flow is not available without unreasonable effort due to high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations. For the same reasons, we are unable to compute the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.
Slide 3 — 2026 Vertiv Investor Event Agenda – Tuesday, May 19th
© 2026 Vertiv. All Rights Reserved. 2026 Vertiv Investor Event Agenda – Tuesday, May 19th 3 TOPIC SPEAKER 2:30 PM VERTIV IS SHAPING THE INDUSTRY GIORDANO ALBERTAZZI 3:50 PM BREAK 4:00 PM FINANCIAL STRENGTH & VALUE CREATION CRAIG CHAMBERLIN 4:30 PM Q&A 5:00 PM CLOSING REMARKS GIORDANO ALBERTAZZI 5:30 PM RECEPTION
Slide 4 — 2026 Vertiv Investor Event Agenda – Wednesday, May 20th
© 2026 Vertiv. All Rights Reserved. 2026 Vertiv Investor Event Agenda – Wednesday, May 20th 4 TOPIC SPEAKER 8:00 AM SHAPING THE INDUSTRY THROUGH INNOVATION SCOTT ARMUL 8:55 AM Q&A 9:15 AM CLOSING REMARKS GIORDANO ALBERTAZZI 9:20 AM DEPART FOR PLANT TOURS
Slide 5 — Orchestrating converged infrastructure for the AI era
© 2026 Vertiv. All Rights Reserved. 5 Watch video Orchestrating converged infrastructure for the AI era
Slide 6 — Vertiv is Shaping
6 6 Giordano Albertazzi CHIEF EXECUTIVE OFFICER Vertiv is Shaping the Industry © 2026 Vertiv. All Rights Reserved.
Slide 7 — From 2024 to Today to the Future
© 2026 Vertiv. All Rights Reserved. From 2024 to Today to the Future 7 We Are Shaping the Industry Thought leader in data center and AI infrastructure Most Complete Portfolio for data center and AI factories Rapidly scaling new technologies that enable industry acceleration We Are Delivering With Consistency Overdelivering on 2024 Investor Conference Projections S&P 500 Inclusion Investment Grade Ratings $100+ Billion Market Cap We Are Accelerating Further Fully leveraging the end-to-end portfolio Expanding our market Delivering the AI factory of the future Scaling at unprecedented speed We are an industry leader, consistently delivering on our commitments, poised to continue to grow above market speed
Slide 8 — Significant shareholder value creation
© 2026 Vertiv. All Rights Reserved. Significant shareholder value creation 8 2022 2023 2024 2025 2026 Industrial Peers: 174% S&P 500: 102% VRT: 2,600% Total Shareholder Return ~2,600% Market Value Creation ~$136B From End of 2022 to May 11, 2026
Slide 9 — Our five Strategic Priorities continue to drive value creation
© 2026 Vertiv. All Rights Reserved. Our five Strategic Priorities continue to drive value creation 9 FINANCIAL STRENGTH VERTIV STRATEGIC PRIORITIES FOSTER A CUSTOMER-FIRST MINDSET - OWN IT - ACT WITH URGENCY - THINK BIG AND EXECUTE - LEAD BY EXAMPLE DRIVE CONTINUOUS IMPROVEMENT - LEARN AND SEEK OUT DEVELOPMENT - PROMOTE TRANSPARENT & OPEN COMMUNICATION CUSTOMER FOCUS INNOVATION OPERATIONAL EXCELLENCE HIGH- PERFORMANCE CULTURE A far-reaching cultural and business alignment guiding our multi-year actions
Slide 10 — Vertiv at-a-glance
© 2026 Vertiv. All Rights Reserved. Vertiv at-a-glance 10 ~$13.75B 2026F net sales3 ~37,000 employees globally #1 in thermal management4 60+ years in the industry 130+ countries served #1 in 3-phase large UPS & power distribution infrastructure5,6 Expanding leadership in the data center industry while growing and scaling capacity ~5,300 field service engineers 32 factories, global footprint & supply chain Portfolio1 Market Segment1,2 Geography1 35% 20% Power Management Data Centers Americas APAC EMEA Thermal Management Communication Networks Commercial & Industrial 30% 7% IT Systems Infrastructure Solutions Services & Spares 8% 62% 18% 20% 85% 5% Note:1 Based on FY 2025 revenue; 2 Market segment rounded to nearest 5%; 3 FY 2026 midpoint of sales guidance as Q1-Earnings release April 22, 2026; 4 Dell’Oro Data Center Physical Infrastructure, March 2026; 5 Omdia UPS Hardware Market Tracker 2025, >250 kVA; 6 Omdia Ultimate Power Study Dec 2025, Busway, Remote Power Panel, Static Transfer Switch, Three-Phase PDU. All else, company information as of April 30, 2026. 10%
Slide 11 — Confidence in delivering on our previous financial projections and more!
© 2026 Vertiv. All Rights Reserved. Confidence in delivering on our previous financial projections and more! 11 2024 Investor Conference Projections On Track to Deliver or Exceed ABOVE MARKET ORGANIC REVENUE GROWTH 12% – 14% (2024-2029F CAGR) ADJUSTED OPERATING MARGIN ~25% (2029F) ADJUSTED FREE CASH FLOW CONVERSION1 ~95 – 100% (2029F) PROJECTED CAPITAL TO DEPLOY ~$12.5B (2025-2029F) NET DEBT LEVERAGE ~1.0x – 2.0x Demonstrated ability to deliver on and exceed our financial frameworks Note: see “Non-GAAP Financial Measures” in Appendix. 1 Adjusted free cash flow as percentage of adjusted net income.
Slide 12 — Multi-year executional strength and momentum
© 2026 Vertiv. All Rights Reserved. Multi-year executional strength and momentum 12 Significant organic sales growth driving margin expansion Strong balance sheet provides flexibility for targeted investment opportunities ~24% organic sales CAGR ~1,560 bps adj. op. margin expansion ~$2,460M adj. free cash flow1 growth $Millions, 2026 data represents midpoint of guidance Note: See “Non-GAAP Financial Measures” in Appendix. 1 Adjusted free cash flow equals cash from operations less capital expenditures and investments in capitalized software. $5,692 $6,863 $8,012 2022 2023 2024 2025 2026F Top Line Growth Margin Expansion Cash Generation Revenue & Organic Growth Adj. Operating Margin 7.7% 15.3% 19.4% 20.4% 2022 2023 2024 2025 2026F ($260) $778 $1,135 $1,887 $2,200 2022 2023 2024 2025 2026F $13,750 23.3% Adj. Free Cash Flow1 $10,230 ~12x adj. eps acceleration $0.53 $1.77 $2.85 $4.20 $6.35 2022 2023 2024 2025 2026F Adjusted EPS Revenue & Organic Growth 32% CAGR 86% CAGR
Slide 13 — Executive leadership team
© 2026 Vertiv. All Rights Reserved. Executive leadership team 13 Wei Shen President, Greater China Anand Sanghi President, Americas Paul Ryan President, EMEA Subhasis Majumder VP/General Manager India Paul Churchill VP/General Manager Asia Combining strategic foresight with proven execution strength Functions Mike Giresi Chief Information Officer Stephanie Gill Chief Legal Officer Frank Poncheri Chief Human Resources Officer Anders Karlborg EVP Manufacturing, Logistics and Operational Excellence Frieda He Chief Procurement Officer Rachel Thompson SVP Corporate Strategy and Development & Chief of Staff Craig Chamberlin Chief Financial Officer Scott Armul Chief Product and Technology Officer Technology Regions Giordano Albertazzi Chief Executive Officer Further strengthening the team driving technology innovation while building a thriving global brand New to role since Investor Event Nov-2024
Slide 14 — Proven and future-ready Vertiv value creation framework
© 2026 Vertiv. All Rights Reserved. Proven and future-ready Vertiv value creation framework 14 Enduring leadership in strong and accelerating markets Leading innovator with the most complete portfolio and unique competitive advantages Long-standing customer relationships and key industry player collaboration Clear roadmap to operational excellence Margin expansion through operational leverage and commercial excellence Free cash flow expansion enabling capital allocation agility and selective acquisitions REVENUE GROWTH OPERATIONAL STRENGTH Executing along this consistent framework leveraging our unique industry expertise, strong secular momentum, and operating rhythm to deliver on 2030 projections for leadership in the critical digital infrastructure industry
Slide 15 — © 2026 Vertiv. All Rights Reserved.
© 2026 Vertiv. All Rights Reserved. Our unique competitive advantages continue to strengthen 15 01 Deep Application Expertise & Customer Collaboration Driving future-ready infrastructure • Developing the technologies that enable the data centers and AI factories of tomorrow • Strong partnership with Industry Leaders on technology roadmaps for the future 02 Most Complete Portfolio & Relentless Innovation Combining point product and system level excellence • Rethinking the entire infrastructure as a rapidly deployable product • Leading enabler of the densification of AI compute 03 Proven Reliability & Quality Decades of experience and field intelligence drive profound understanding of performance requirements • Rigorous testing and quality assurance processes • Delivering uptime and optimal performance 04 Truly Global Presence & Ability to Scale Providing globally consistent experience to our customers • Vigorous and disciplined capacity expansion • Operating models tailored to diversified customer needs 05 Industry-Leading Global Service Network Largest presence and most global service capabilities • Supporting customers from early design, to deployment, to lifecycle • Innovating and expanding portfolio to deliver superior infrastructure performance • Enabling customers across the entire digital critical infrastructure journey Vertiv enabling customers to navigate the current and future challenges of critical infrastructure
Slide 16 — Acceleration projected to continue long-term
© 2026 Vertiv. All Rights Reserved. 19.4% 20.4% 23.3% 2024 2025 2026F 2030F 2024 2025 2026F 2030F $8.0 $10.2 $13.75 2024 2025 2026F 2030F Acceleration projected to continue long-term 16 Top Line Growth Margin Expansion Cash Generation • Above-market growth • Sustained Data Center leadership • Strong positioning with key customer segments • Continue to see growth across all end markets • Improved profitability • Disciplined strategic investments • Continuous working capital improvements • Operational leverage • Services growth acceleration • Manufacturing and procurement productivity • Strong commercial execution Revenue & Organic Growth Adj. Operating Margin Adj. Free Cash Flow Conversion1 ~27%+ Note: see “Non-GAAP Financial Measures” in Appendix; 1 Adjusted free cash flow as percentage of adjusted net income 20-22% CAGR 115% ~95 - 100% ~$26B 103% ~90% $Billions, 2026 data represents midpoint of guidance Strong execution in favorable markets continues to expand revenue, margins, and cash flow positioning Vertiv to win now and in the future
Slide 17 — Shaping the industry and creating enduring value expansion
© 2026 Vertiv. All Rights Reserved. + Service Growth Shaping the industry and creating enduring value expansion 17 Leveraging our unique portfolio strength to add layers of value and outgrow the market + Infrastructure Shaping + Product Leadership Industry Tailwind + Systems Excellence for our industry, our customers, and our shareholders
Slide 18 — Secular data center trends and signals continuing to create attractive markets
© 2026 Vertiv. All Rights Reserved. Key Data Center Market Signals, 2025-2030 Compute Growth Training ~11% Growth CAGR1 Inference ~38% Growth CAGR1 Traditional ~10% Growth CAGR2 Data Center Infrastructure Capex Growth ~18% Global Total Physical Infrastructure Capex CAGR3 New Power Capacity Added ~140 GW Cumulative Power Added 5-Year Projections4 From ~20 to 35 GW Annual Power Added Per Year4 External Industry Forces Exogenous pacing items like power availability, permitting, skilled build and commissioning labor, etc. Secular data center trends and signals continuing to create attractive markets 18 We continue to take a balanced approach in evaluating the market growth potential by considering a broad set of factors and market indicators Source: 1 Gartner Forecast: Worldwide AI Processing Semiconductor 1Q26, May 2026, 2025-2030 CAGR; 2 Gartner Forecast: Worldwide Server Forecast 1Q26, May 2026, 2025-2030 CAGR; 3 Omdia Data Center Capex Tracker 2H25, 2025-2030 CAGR; 4 Management’s estimates, 5-years include 2026-2030 Note: Footnote number in text of slide revised from 5 to 4.
Slide 19 — Served markets are accelerating and Vertiv is expanding share and reach
© 2026 Vertiv. All Rights Reserved. Segment 2025 Market1 2025-30 CAGR2 Data Center ~$49.5B ~18-20% Communication Networks ~$7.5B ~2-3% Commercial & Industrial ~$5B ~3-4% Total ~$62B ~16-18% Cloud & Colocation ~$29.5B ~23-25% Served markets are accelerating and Vertiv is expanding share and reach 19 Served market expansion fueled by legacy market growth acceleration, organic innovation, and inorganic entry in high growth segments Share gain in our ~$62B 1 legacy served market Note: 1 2025 Vertiv legacy market size; 2 2025-2030 CAGR estimate for total, inclusive of expansion, served market; 3 Total expanded market. Source: Managements estimates, Omdia, 451 Research, IDC, and Dell’Oro rounded to $0.5bn. ~$13B increase in our TAM via organic and inorganic actions High-growth markets with system level services and ability to differentiate • Fluid Management Services • IT Solutions • Converged Infrastructure • DC Power in Data Center • Chilled water and switchgear technology and regional breadth Enterprise & Distributed IT ~$20B ~6-8% • Physical AI, automation, nearshoring, power quality • Convergence of mobile networks, IoT and cloud • Density, speed and scale acceleration • Complexity and load profile requirements • Multi-cloud strategies leveraging mix of traditional clouds and neo-cloud specialties • Agentic AI enterprise workflows proliferating • Digital sovereignty and workload allocation Expanded to ~$75B 3 with a projected ~16-18% CAGR 2 2025 Market1 2025-30 CAGR2
Slide 20 — Five intensifying forces drive data center architecture and design
© 2026 Vertiv. All Rights Reserved. 20 Five intensifying forces drive data center architecture and design Density Scale Complexity Speed Compute densification in rack and pod Deploy capacity ahead of technology cycle High-density pods to gigawatt-scale data centers Increasing system interfaces Load profile Dynamic, synchronous workloads Traditional field integration cannot keep pace - customers demand validated, repeatable infrastructure that scales
Slide 21 — Shaping the AI Factory’s unit of performance
© 2026 Vertiv. All Rights Reserved. Shaping the AI Factory’s unit of performance 21 Maximize Tokens per Second per MW Making every available MW work harder for AI • Higher-voltage power architectures • Medium-voltage power and grid interaction • High-capacity power / thermal blocks • Hybrid liquid-air thermal chain • Grid-shaping and load-smoothing controls • Reference-based modular deployment More contracted electrons converted into compute More compute converted into tokens • Tokens per Second • Tokens per Watt • Tokens per Dollar • Time to First Token Customer Economics Key Levers Relevant Technologies
Slide 22 — Leading innovator driving technology multiple compute generations ahead
© 2026 Vertiv. All Rights Reserved. Leading innovator driving technology multiple compute generations ahead Innovation flywheel positions Vertiv as uniquely qualified and capable to deliver the complexities of AI Infrastructure at scale and across the spectrum of deployment approaches 22
Slide 23 — Innovating and providing infrastructure across the spectrum of
© 2026 Vertiv. All Rights Reserved. Innovating and providing infrastructure across the spectrum of customer buying and deployment approaches 23 From Products, to Systems, to Converged Infrastructure, Vertiv’s portfolio addresses the market’s diverse procurement and deployment approaches PRODUCTS – e.g., the most complete critical digital infrastructure portfolio CONVERGED INFRASTRUCTURE e.g., Vertiv TM SmartRun, Vertiv TM OneCore SERVICES, e.g., Field Service, Vertiv TM NextPredict END-TO-END SYSTEMS, SOFTWARE & CONTROLS – e.g., Thermal Chain, Power Train, Vertiv TM Unify Control Layer Vertiv expertise flows through the offerings layers to enable best-in-class spectrum
Slide 24 — Innovation and converged infrastructure enables customers to scale
© 2026 Vertiv. All Rights Reserved. 24 Innovation and converged infrastructure enables customers to scale “By being able to have a VertivTM OneCore design, it allows us to take a lot of the risk off of the site and into a controlled environment in the factory” – Asher Genoot Featuring Asher Genoot, Hut 8 Watch video
Slide 25 — Converged infrastructure for faster, more predictable deployment
© 2026 Vertiv. All Rights Reserved. Converged infrastructure for faster, more predictable deployment 25 Delivering globally integrated infrastructure solutions for faster, scalable, and repeatable AI deployments Note: 1As compared to traditional multiple trades working onsite; 2 In aggregate, including the prefabricated shell, compared to traditional construction methods. Market Drivers Density and complexity on the rise across the physical infrastructure stack Faster time to token with less onsite integration risk Repeatable deployment models across sites and regions Vertiv’s Answer: Converged Infrastructure Deployment Approach Vertiv TM OneCore Faster time to token with up to 50% 1 shorter deployment time Reduce physical footprint by up to 30% 2 Optimize tokens per dollar with up to 25% 2 lower TCO
Slide 26 — From field to factory: Expanding Vertiv’s data center value
© 2026 Vertiv. All Rights Reserved. From field to factory: Expanding Vertiv’s data center value Traditional Stick-Built Cooling & Electrical Equipment Building Shell & Fit-Out Other Equipment & Services Site Expense & Overhead Land Fragmented, slow, complex coordination Field to Factory Converged Infrastructure Vertiv Converged Infrastructure Building Shell & Fit-Out Consolidated, faster, repeatable, scalable 26 Bringing the “Field to the Factory” – addressing traditional on-site inefficiencies by converging infrastructure in a factory setting for improved repeatability, speed, scale, and quality Land Other Equipment & Services Site Expense & Overhead
Slide 27 — Vertiv Services Provide Unmatched Critical Digital Infrastructure Support
© 2026 Vertiv. All Rights Reserved. Vertiv Services Provide Unmatched Critical Digital Infrastructure Support 27 Uniquely Qualified and Capable to Navigate the Complexities of AI Infrastructure at Scale Watch video
Slide 28 — Vertiv Services – the essential industry enablement asset
© 2026 Vertiv. All Rights Reserved. Vertiv Services – the essential industry enablement asset 28 Consulting Implementation Lifecycle Optimization & Digital Vertiv Services are designed to deliver business impact – across every phase of the infrastructure journey Start up and commissioning. Scale deployments with safety, speed, and quality • Built-in compliance with global and local standards • First-time success rate with Vertiv experts Maximize performance and uptime with maintenance programs, retrofits, and end-of-life management • Preventative and proactive maintenance • Expert on-site teams, tailored to customer operations, ready for next-gen operations • 24/7 support maintaining continuity Modernization, energy optimization, AI enablement, asset management, and predictive performance • Energy costs optimization programs • Vertiv Next Predict • Faster fault detection through AI-driven diagnostics • Global NOC services Upfront engagement to guide customer design, optimize planning, and reduce risk • Infrastructure and fluid management flow design validation • Early lifecycle guidance • Vertiv Academy / Training and upskilling
Slide 29 — Services enable the end-to-end life of the Thermal Chain
© 2026 Vertiv. All Rights Reserved. Services enable the end-to-end life of the Thermal Chain 29 Controls, monitoring, protection, and service Vertiv end-to-end Thermal Chain from Chip to Heat Reuse Data center facility Facility / Outdoor Heat rejection & reuse Row / Room Heat collection Server / Rack Heat collection Server chip Consulting Implementation Lifecycle Optimization & Digital When multi-million-dollar compute performance is on the line, expertise is required to design, commission, and preserve the critical air and liquid thermal chain Engineering precise cooling Thermal air and liquid design collaboration and fluid network flow modeling tailoring systems to unique cooling architectures Commissioning optimal flow Primary and secondary liquid cooling for ultra-clean, air-free, chemically stable fluid where a single particle can be the difference between sustained compute and thermal shutdown Enhancing the thermal chain Vertiv Next Predict ensures highest utilization of the data center product and systems Vertiv Unify to enhance visibility and control across the entire infrastructure chain Maintaining performance Providing reliable cooling in changing whitespace environments Site services with resident Vertiv support team and optimal response time
Slide 30 — Vertiv Services – resilient and reliable annuity stream
© 2026 Vertiv. All Rights Reserved. 30 Services business offers continued competitive differentiation, recurring revenue acceleration, and resiliency of business Vertiv Services – resilient and reliable annuity stream Recurring Enabler • Fueled by technology leadership • Aligned to solving complexities in the white and gray space • New technologies conducive to high service content and penetration • Installed base creation is accelerating • Strong ~75% lifecycle / ~25% project mix 1 Global scale, local presence ~5,300 field service engineers Training as a key differentiator enabling the industry to scale 31+ Academies and expanding Note: 1 Vertiv FY2025 services sales mix estimate; Else, company information as of April 30, 2026.
Slide 31 — Vertiv data center infrastructure opportunity continues to grow
© 2026 Vertiv. All Rights Reserved. Vertiv data center infrastructure opportunity continues to grow 31 By executing our strategic portfolio and innovation strategy, Vertiv’s per megawatt opportunity is projected to rise in the evolving market ~$3.25M - $3.75M per MW Vertiv Data Center Weighted Mix Opportunity1 Data center $/MW up ~10-15% vs. prior range Across the evolving mix of market verticals, compute architectures, and build/deployment approaches Source: 1 Management estimates of current dollar per megawatt of IT power
Slide 32 — Enduring relationships and deep collaboration to shape the industry
© 2026 Vertiv. All Rights Reserved. Advanced Technology Partnerships Roadmap collaboration enabling scalability and efficiency of infrastructure readiness With leading compute and IT providers Enduring relationships and deep collaboration to shape the industry 32 Vertiv’s holistic approach, spectrum of capabilities, and customer collaboration first mindset is empowering infrastructure for the industry’s accelerating growth Full Spectrum Application Expertise Vertiv ~45% sales growth 1 with hyperscale/ cloud and colocation operators Enabling Neo-cloud providers total infrastructure as a product Enterprise AI on-prem deployment reference designs and channel network Bring Your Own Power & Cooling and energy optimization approaches Customer Collaboration Development enabling scale and time to first token Orchestration of products and systems for optimal efficiency and interoperability Aligning end-to-end technical, operations, supply chain, and services dedicated team Source: 1Vertiv FY2025 vs FY2024 net sales
Slide 33 — Shaping the future of infrastructure and services
© 2026 Vertiv. All Rights Reserved. 33 Shaping the future of infrastructure and services “The type of scale that Vertiv can bring to the table, coupled with the speed and the quality – that is what we are looking for and that is what Vertiv brings to us a partner” – Chris Crosby Featuring Chris Crosby, Compass Data Centers Watch video
Slide 34 — Addressing demand with disciplined capacity increases and operational excellence
© 2026 Vertiv. All Rights Reserved. Addressing demand with disciplined capacity increases and operational excellence 34 Driving operational excellence as a competitive advantage and delivering attractive returns Executing efficient capex investments in additional footprint, further optimizing factory layout, automation, and test equipment Vertiv Operating System (VOS) adoption driving excellence through best practice dissemination, continuous improvement, and rigorous operating cadence Strong emphasis on: ►Safety, quality, and on-time-delivery ►New Product Development & Introduction (NPDI) launch readiness ►Advanced manufacturing and AI utilization for improved layout and systematic visibility of equipment and operations effectiveness Power Distribution testing in Reynosa, Mexico Infrastructure Solutions growth in Pelzer, SC Rack Power Distribution fabrication in Lincoln, NE Switchgear assembly in Campsie, Northern Ireland
Slide 35 — Executing at scale through capacity and operating efficiency
© 2026 Vertiv. All Rights Reserved. 35 Operational and service expansion delivered capacity, resiliency, and productivity Note: Capacity expansion and operating efficiency actions from late 2024 through early 2026. Management Estimates, % changes for the respective plant or product line either quarter over quarter, or overall technical capacity enabled by action. Executing at scale through capacity and operating efficiency
Slide 36 — Executing to deliver on 2030 projections
© 2026 Vertiv. All Rights Reserved. Executing to deliver on 2030 projections 36 Margin expansion levers Strong free cash flow provides flexibility with capital deployment 2026 data represents midpoint of guidance range 19.4% 20.4% 23.3% 2024 2025 2026F 2030F 2024 2025 2026F 2030F Adj. Operating Margin Adj. Free Cash Flow Conversion1 ~27%+ 115% ~95 - 100% 103% ~90% Focus on efficiency, value, and commercial execution for high operational leverage delivering margin expansion trajectory Note: see “Non-GAAP Financial Measures” in Appendix. 1 Adjusted free cash flow as percentage of adjusted net income. Free cash flow expansion enabling capital allocation agility and growth accelerating acquisitions
Slide 37 — Vertiv M&A strategy and execution as a growth accelerator
© 2026 Vertiv. All Rights Reserved. Vertiv M&A strategy and execution as a growth accelerator 37 POWER: E&I Engineering Expands power train with switchgear and busway THERMAL: CoolTera Develops high-density, AI compute with direct-to- chip liquid cooling IT SYSTEMS: Great Lakes AI-ready rack and whitespace solutions THERMAL: BSE Centrifugal chiller technology and heat- recovery solutions SERVICES: WayLay AI-powered digital services SERVICES: PurgeRite Critical fluid management services THERMAL: ThermoKey Heat rejection and heat exchange technologies INFRASTRUCTURE SOLUTIONS: BMarko Expand structural engineering and manufacturing capacity THERMAL: Strategic Thermal Labs Cold plate design and server-side liquid cooling thermal validation expertise expected close1 Entering the right technologies at the right time to accelerate portfolio breath and roadmap strength Applying business scaling expertise across geographies, go-to- markets, products and services Successful acquisition track record fueled by capital agility is delivering above deal case performance Our approach Dec. 2023 Aug. 2025 Nov. 2021 Apr. 2026 Dec. 2024 Aug. 2025 Dec. 2025 Apr. 2026 ~Q2 2026 Note: 1 Per March 23, 2026, announcement; the transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to close in the second quarter of 2026
Slide 38 — Vertiv M&A approach continues to be fueled by capital agility
© 2026 Vertiv. All Rights Reserved. • Active advanced technology and business leadership engagement • Established selection criteria • Utilizing due diligence and integration cross-functional teams Vertiv M&A approach continues to be fueled by capital agility 38 Strategic • Differentiated technology • Market leader/specialized firm • Portfolio or go-to-market expansion • Complementary adjacency • Strong customer relationships • Cultural fit Financial • Above-market growth rate potential • Gross margin accretive • Aligned return on capital • Earnings per share accretive Our M&A pipeline is robust and active. Utilizing proven selection and integration playbook to further expand our market reach and lasting leadership position. Robust acquisition and integration playbook Strong pipeline leveraging established selection criteria
Slide 39 — Confidence in delivering our long-term financial projections
© 2026 Vertiv. All Rights Reserved. Confidence in delivering our long-term financial projections 39 Prior Investor Conference Projections On Track to Deliver or Exceed ABOVE MARKET ORGANIC REVENUE GROWTH 12% – 14% (2024-2029F CAGR) ADJUSTED OPERATING MARGIN ~25% (2029F) ADJUSTED FREE CASH FLOW CONVERSION1 ~95 – 100% (2029F) PROJECTED CAPITAL TO DEPLOY ~$12.5B (2025-2029F) NET DEBT LEVERAGE ~1.0x – 2.0x Leadership in favorable markets underpins sales growth, margin expansion, and cash flow further strengthening Vertiv’s long-term financial projections. Note: see “Non-GAAP Financial Measures” in Appendix. 1 Adjusted free cash flow as percentage of adjusted net income. New 2030 Horizon Projections ~20-22% (2025-2030F CAGR) ~27%+ (2030F) ~95 – 100% (2030F) ~$28B (2026-2030F) ~1.0x – 2.0x
Slide 40
Slide 41 — Financial Strength
41 Craig Chamberlin CHIEF FINANCIAL OFFICER Financial Strength and Value Creation © 2026 Vertiv. All Rights Reserved.
Slide 42 — Strong results with upside opportunity for value creation
©2026 Vertiv. All Rights Reserved. Proven track record of strong execution with continuous operational improvement – and meaningful upside still ahead Strong results with upside opportunity for value creation 42 Top-line growth and operational execution driving expanded profitability and cash generation. Unlocks multiple opportunities for continued growth investments. STRONG EXECUTION DRIVES FINANCIAL PERFORMANCE ABOVE MARKET ORGANIC GROWTH ADJUSTED OPERATING MARGIN EXPANSION CONSISTENT ADJUSTED FREE CASH FLOW CONVERSION FLEXIBLE CAPITAL DEPLOYMENT VRT organic growth rate projected to be 20-22%, significantly outpacing market growth ~16-18%1 Defined initiatives to drive further adjusted operating margin expansion. Raising margin expectation to ~27%+ in 2030. Growing profit and disciplined working capital management creating consistent, strong cash generation Robust balance sheet supports ongoing strategic investments to advance technology, deliver high impact M&A and deploy capacity additions (manufacturing, services, supply chain, go-to-market) Note: 1 2025-2030 CAGR estimate for total, inclusive of expansion, served market.
Slide 43 — Financial strategic priorities
© 2026 Vertiv. All Rights Reserved. Generate Cash Financial strategic priorities 43 Strengthen Execution Focusing on high impact areas to create incremental shareholder value Fixed-Cost Leverage: Scaling volume across infrastructure delivers further margin expansion Backlog Conversion: Expanding margin revenue through disciplined and streamlined execution Productivity Gains: Driving ongoing improvements and efficiency to lower costs and improve profitability Installed Base: Growing installed base creates a durable foundation for expanding attach rates and delivering recurring revenues Recurring Revenue: Capturing higher-margin lifecycle services and support offerings Customer Retention: Building "stickiness" via life-cycle engagement that delivers customer value and tangible outcomes Improved Profitability: Earnings growth translating into cash flow Operations Working Capital: Driving improvements in material management cycle through scale and efficiency Commercial Working Capital: Focusing on initiatives to reduce customer cash cycle Grow Services
Slide 44 — Organic sales growth expected to exceed market rate
©2026 Vertiv. All Rights Reserved. $8.0 $10.2 $13.75 2024 2025 2026F 2030F Projected Organic Sales Growth Rate 2025 to 2030 44 Organic sales growth expected to exceed market rate $Billions Positioned well with technology and services capabilities to expand market leadership • Organic growth (CAGR) of 20-22% expected to outgrow market projections • Long-term organic growth fueled by market expansion and technology leadership. Price- cost is expected to be positive annually, offsetting potential headwinds • Services growth of 20%+ is tangibly accelerating on vigorous install base expansion Organic Sales Growth 20-22% CAGR ~$26B Note: 2026 data represents midpoint of guidance range.
Slide 45 — Path to ~27%+ adjusted operating margin in 2030
©2026 Vertiv. All Rights Reserved. 19.4% 20.4% 23.3% 2024 2025 2026F Operational Leverage Productivity Commercial Execution 2030F Adjusted Operating Margin Path to ~27%+ adjusted operating margin in 2030 45 Operational execution expected to drive adjusted operating margin to ~27%+ in 2030 Note: See "Non-GAAP Financial Measures" in the Appendix. 2026 data represents midpoint of guidance range. • Maintaining strong leverage on volume growth, while continuing incremental fixed cost investment in commercial, technology, services, productivity and capacity Operational Leverage • Focus on Vertiv Operating System (VOS) including operational excellence and lean principles to drive efficiency and productivity across all functions • Further procurement cost reduction opportunities exist by leveraging our global purchasing footprint Productivity • Positive margin expansion through enhanced global tools, disciplined data-led strategies, and robust early-warning inflation signals • Internally targeting 2x, but adjusting for unexpected headwinds Commercial Execution +2.0% +1.5% ~27%+ +0.5%
Slide 46 — ~$2.5B
© 2026 Vertiv. All Rights Reserved. Operational excellence driving margin expansion Manufacturing Labor Productivity Target Material Cost Productivity Target 46 Note: 1 Represents projected 2030 spend levels, 2 Projected savings generated within the spend estimates 2030 PROJECTED SPEND ~$2.5B 1 SAVINGS ~$125M/yr 2 Actions • Lean Manufacturing • Robotics / Automation • Best Cost Country • Footprint Efficiency 2030 PROJECTED SPEND ~$10B 1 SAVINGS ~$250M/yr 2 Actions • Volume Buy Leverage • Make vs. Buy • Should Cost Analysis • Supplier Cost Reduction Plans Multiple productivity levers to offset inflationary environment and drive margin expansion
Slide 47 — Strong cash generation with upside opportunity
©2026 Vertiv. All Rights Reserved. 103% 115% ~90% ~95 – 100% 2024 2025 2026F 2030F Adjusted Free Cash Flow Conversion 47 Strong cash generation with upside opportunity Strong adjusted free cash flow conversion across period Note: Adjusted free cash flow equals cash from operations less capital expenditures and investments in capitalized software. 2026 data represents midpoint of guidance range. • Operations – Improved inventory turns through enhanced demand and production planning. Leverage scale and partnerships to drive cash generation through supplier agreements • Commercial – Global focus on accelerating collections, strengthening billing execution, and expanding customer advanced payments Trade Working Capital (TWC) • Strategic capital investments are accelerating as we expand global capabilities and capacity • Expect annual Capex as % of sales at 3-4% over the planning horizon for 2026 - 2030 Capex
Slide 48 — Targeting net leverage ratio of ~1.0x to 2.0x over the next five years
©2026 Vertiv. All Rights Reserved. Targeting net leverage ratio of ~1.0x to 2.0x over the next five years 48 Strong free cash flow generation supports targeted net leverage ratio of ~1.0x to 2.0x over the next five years • Relatively simple, flat and patient debt structure • $2.95B of fixed rate debt that extends through 2066 • $2.5B undrawn revolving credit facility matures 2031 Current Debt Structure Note: Net Leverage = Net Debt / TTM EBITDA • Strong expected adjusted free cash flow generation provides flexibility with upper limit of target range • Debt and cash generation profile supports an upwards credit rating trajectory Target Net Leverage 1.9x 1.0x 0.5x Y/E 2023 Y/E 2024 Y/E 2025 Target Net Leverage Ratio ~1.0x – 2.0x
Slide 49 — Strong free cash flow drives flexible capital deployment
©2026 Vertiv. All Rights Reserved. • Additional capacity of ~$24B provides flexibility for growth investments, acquisitions, return of cash to shareholders Additional Capacity at 1.5x Leverage Strong free cash flow drives flexible capital deployment 49 Expect ~$28B capital to deploy 2026 – 2030, up ~$16B from Nov 2024 Investor Day • Continue to pay quarterly dividends - evaluate throughout period potential increases in yield • Ongoing evaluation of share repurchases - current authorization from BOD remains through 2027 Returns to Shareholder Note: Net Leverage = Net Debt / TTM EBITDA $Billions ~$20.0 ~$24.0 ~$8.0 ~$4.0 Projected Capital to Deploy 2026 - 2030 Projected Uses of Available Capital 2026 - 2030 ~$28 ~$28 Projected Additional Debt Capacity @ 1.5x Net Leverage Projected Available Cash Dividends & Share Repurchases Additional Capacity . Recent Acquisitions of ~$3B-$4B 2021 2023/24 2025 2026
Slide 50 — Significant opportunity for continued value creation
©2026 Vertiv. All Rights Reserved. Significant opportunity for continued value creation 50 Framework lays out significant value creation for shareholders ABOVE MARKET ORGANIC GROWTH ADJUSTED OPERATING MARGIN EXPANSION ADJUSTED FREE CASH FLOW CONVERSION FLEXIBLE CAPITAL DEPLOYMENT Multiple levers to further expand adjusted operating margin to ~27%+ in 2030 Expect organic sales growth above 5-year market rate of 16% - 18%1. Market share growth of ~15%. Underlying structure of business facilities expected strong free cash flow conversion Expected strong cash generation enables significant flexibility for ~$28B of capital deployment through 2030. Up from $12.5B at Nov 2024 Investor Day. 5-Year CAGR 20% - 22% 2030 Target ~27%+ 2030 Target ~95% - 100% Returns to Shareholders: ~$4B Additional Capacity: ~$24B (12% – 14% at Nov 2024 Investor Day) (~25%+ at Nov 2024 Investor Day) (~95 - 100% at Nov 2024 Investor Day) Note: 1 2025-2030 CAGR estimate for total, inclusive of expansion, served market.
Slide 51
Slide 52 — APPENDIX
© 2026 Vertiv. All Rights Reserved. APPENDIX 52
Slide 53 — Non-GAAP financial measures: FY 2022 – FY 2025 results
©2026 Vertiv. All Rights Reserved. Non-GAAP financial measures: FY 2022 – FY 2025 results 53 (1) Adjusted operating margins calculated as adjusted operating profit (loss) divided by net sales. Reconciliation from operating profit (loss) margin to adjusted operating profit (loss) margin ($M) FY22 FY23 FY24 FY25 Net sales $5,691.5 $6,863.2 $8,011.8 $10,229.9 Operating profit 223.4 872.2 1,367.4 1,829.7 Operating margin 3.9% 12.7% 17.1% 17.9% Amortization of intangibles 215.8 181.3 184.2 200.4 Restructuring costs – global programs - - - 49.5 Contingent consideration - - - 4.9 Mergers and acquisition costs - - - 5.2 Adjusted operating profit 439.2 1,053.5 1,551.6 2,089.7 Adjusted operating margin(1) 7.7% 15.3% 19.4% 20.4% Reconciliation of Net cash provided by (used for) operating activities to Adjusted Free Cash Flow ($M) FY22 FY23 FY24 FY25 Net cash provided by (used for) operating activities $(152.8) $900.5 $1,319.3 $2,113.8 Less: Capital expenditures (100.0) (127.9) (167.0) (220.0) Less: Investments in capitalized software (11.0) (6.7) (17.1) (6.4) Plus: proceeds from disposition of PP&E 3.9 12.4 - - Adjusted free cash flow $(259.9) $778.3 $1,135.2 $1,887.4
Slide 54 — Non-GAAP financial measures: full year results
©2026 Vertiv. All Rights Reserved. Non-GAAP financial measures: full year results 54 Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) ($M, except EPS | FULL YEAR 2022) Operating profit (loss) Interest expense, net Change in warrant liability Income tax expense Net income (loss) Diluted EPS(3) GAAP $223.4 $147.3 $(90.9) $90.4 $76.6 $(0.04) Amortization of intangibles 215.8 - - - 215.8 0.57 Change in warrant liability - - 90.9 - (90.9) - Non-GAAP Adjusted $439.2 $147.3 - $90.4 $201.5 $0.53 Diluted Shares (in millions) 378.2 (1) Diluted EPS and adjusted diluted EPS based on 386.2 million shares (includes 380.1 million basic shares and 6.1 million potential dilutive stock options, restricted stock units and performance awards converted into RSUs upon achievement of the related performance target). We believe that this presentation is more representative of operating results by removing the impact of warrant liability accounting and the associated impact on diluted share count. (2) Nonrecurring tax benefit includes $115.0 million of valuation allowance release as a result of the Company’s updated assessment of the realization of deferred tax assets in certain countries. (3) Diluted EPS and adjusted diluted EPS based on 378.2 million shares (includes 376.7 million basic shares and 1.5 million potential dilutive stock options and restricted stock units). Diluted EPS and adjusted diluted EPS includes an adjustment to exclude $90.9 million form net income which is attributable to the warrants as they were dilutive in the period. We believe that this presentation is more representative of operating results by removing the impact of warrant liability accounting and the associated impact on diluted share count. Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) ($M, except EPS | FULL YEAR 2023) Operating profit (loss) Interest expense, net Change in warrant liability Extinguishment of debt Income tax expense Net income (loss) Diluted EPS(1) GAAP $872.2 $180.1 $157.9 $0.5 $73.5 $460.2 $1.19 Amortization of intangibles 181.3 - - - - 181.3 0.47 Change in warrant liability - - (157.9) - - 157.9 0.41 Nonrecurring tax benefit(2) - - - - 115.0 (115.0) (0.30) Non-GAAP Adjusted $1,053.5 $180.1 - $0.5 $188.5 $684.4 $1.77 Diluted Shares (in millions) 386.2
Slide 55 — Non-GAAP financial measures: full year results
©2026 Vertiv. All Rights Reserved. Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) ($M, except EPS | FULL YEAR 2025) Operating profit (loss) Interest expense, net Loss on extinguishment of debt Income tax expense (benefit) Net income (loss) Diluted EPS(1) GAAP $1,829.7 $86.1 $1.7 $409.1 $1,332.8 $3.41 Amortization of intangibles 200.4 - - - 200.4 0.52 Restructuring costs – global programs 49.5 - - - 49.5 0.13 Contingent consideration 4.9 - - - 4.9 0.01 Mergers and acquisition costs 5.2 - - - 5.2 0.01 Nonrecurring tax benefit, net(2) - - - (39.5) 39.5 0.10 Term loan due 2032 amendment expense(3) - (6.2) (1.7) - 7.9 0.02 Non-GAAP Adjusted $2,089.7 $79.9 $- $369.6 $1,640.2 $4.20 Diluted shares (in millions) 390.7 Non-GAAP financial measures: full year results 55 1. Diluted EPS and adjusted diluted EPS is based on 390.7 million shares (includes 381.7 million basic shares and 9.0 million potential dilutive equity awards). 2. Nonrecurring tax benefit includes $39.5 million of valuation allowance release as a result of the Company's updated assessment of the realization of deferred tax assets in certain countries. 3. Costs associated with the August 12, 2025 amendment of the Term Loan due 2032. 4. Diluted EPS and adjusted diluted EPS based on 386.3 million shares (includes 376.4 million basic shares and 9.9 million potential dilutive equity awards). We believe that this presentation is more representative of operating results by removing the impact of warrant liability accounting and the associated impact on diluted share count. 5. Nonrecurring tax benefit includes $27.1 million of valuation allowance release as a result of the Company’s updated assessment of the realization of deferred tax assets in certain countries. Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) ($M, except EPS | FULL YEAR 2024) Operating profit (loss) Interest expense, net Loss on extinguishment of debt Change in warrant liability Income tax expense (benefit) Net income (loss) Diluted EPS(4) GAAP $1,367.4 $150.4 $2.4 $449.2 $269.6 $495.8 $1.28 Amortization of intangibles 184.2 - - - - 184.2 0.48 Change in warrant liability - - - (449.2) - 449.2 1.16 Nonrecurring tax benefit(5) - - - - 27.1 (27.1) (0.07) Non-GAAP Adjusted $1,551.6 $150.4 $2.4 $- $296.7 $1,102.1 $2.85 Diluted Shares (in millions) 386.3
Slide 56 — Non-GAAP financial measures: FY 2026 guidance
©2026 Vertiv. All Rights Reserved. Non-GAAP financial measures: FY 2026 guidance 56 At midpoint of guidance range (1) Diluted EPS and adjusted diluted EPS based on 392.0 million shares (includes 384.0 million basic shares and 8.0 million potential dilutive equity awards). (2) Contingent consideration associated with the PurgeRite acquisition. (3) Costs associated with the March 3, 2026 repayment of the Term loan credit agreement, the gain recognized in "Interest expense (income), net" and the related tax impact associated with the interest rate swaps being settled. Other Financial Modeling Assumptions: • TAXES: Anticipate ~22% effective tax rate in 2026 and assumes ~24% for 2027 – 2030 due to expect geographic mix Effective tax rate should be calculated using GAAP net income, not adjusted net income • SHARE COUNT: Diluted share count expected to be ~392M for full year 2026 excluding any share repurchases Expect ~3M share dilution from employee equity grants each year Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) ($M, except EPS | FULL YEAR 2026) Operating profit (loss) Interest expense (income), net Loss on extinguishment of debt Income tax expense (benefit) Net income (loss) Diluted EPS(1) GAAP $2,882.6 $68.4 $6.2 $595.0 $2,213.0 $5.65 Amortization of intangibles 284.2 - - - 284.2 0.73 Contingent consideration(2) 33.2 - - - 33.2 0.08 Term loan credit agreement repayment(3) - 22.9 (6.2) 25.6 (42.3) (0.11) Non-GAAP Adjusted $3,200.0 $91.3 $- $620.6 $2,488.1 $6.35 Diluted Shares (in millions) 392.0