Tech Talk – Lithium Strategy and Energy Systems DECEMBER 13, 2022 December 2022 © 2022 EnerSys. All Rights Reserved. EnerSys proprietary information. Reproduction in whole or in-part prohibited. Forward Looking Statements 2 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 diffe ...

1 Q2'23 Financial Results NOVEMBER 09, 2022 November 2022 © 2022 EnerSys. All Rights Reserved. Forward Looking Statements 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 statemen ...

EnerSys (NYSE:ENS) Q2 2023 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Lisa Hartman - VP, IR David Shaffer - CEO, President & Director Andrea Funk - EVP & CFO Conference Call Participants Noah Kaye - Oppenheimer John Franzreb - Sidoti & Company Gregory Wasikowski - Webber Research Gregory Lewis - BTIG Operator Ladies and gentlemen, thank you for standing by, and welcome to EnerSys Second Quarter Fiscal Year 2023 Earnings Call. [Operator Instructions]. I would now like to hand ...

Sales Performance - Net sales increased by $108.0 million, or 13.7%, in Q2 fiscal 2023 compared to Q2 fiscal 2022, driven by a 10% increase in organic growth and a 9% increase in pricing [162]. - For the six months ended October 2, 2022, net sales rose by $192.1 million, or 12.0%, attributed to a 9% increase in organic volume and an 8% increase in pricing [163]. - The Energy Systems segment reported net sales of $437.0 million, accounting for 48.6% of total net sales, an increase of 18.2% compared to the previous year [164]. - The Motive Power segment generated $338.0 million in sales, representing 37.6% of total net sales, with a 5.4% increase year-over-year [164]. - Specialty segment sales reached $124.4 million, making up 13.8% of total net sales, reflecting a 23.3% increase compared to the prior year [164]. - Net sales of the Energy Systems segment increased by $67.2 million or 18.2% in Q2 FY2023 compared to Q2 FY2022, driven by a 14% increase in organic growth and a 9% increase in pricing [167]. - The Motive Power segment's net sales rose by $17.3 million or 5.4% in Q2 FY2023, primarily due to a 9% increase in pricing and a 3% increase in organic volume [168]. - Specialty segment net sales increased by $23.5 million or 23.3% in Q2 FY2023, with a 19% increase in organic volume and a 7% increase in pricing [169]. Financial Position - The company has $294 million in cash and cash equivalents and approximately $653 million in available and undrawn committed credit lines as of October 2, 2022 [158]. - Total cash and cash equivalents decreased by $108.1 million to $294.4 million in the six months of fiscal 2023, compared to a decrease of $44.3 million to $407.5 million in the same period of fiscal 2022 [215]. - Primary working capital was $1,172.6 million at October 2, 2022, yielding a primary working capital percentage of 32.6%, which is 390 basis points higher than March 31, 2022 [209]. - The company is in compliance with all covenants and conditions under its Third Amended Credit Facility and believes it has the financial resources to fund foreseeable organic growth and pursue acquisition opportunities [219]. Operating Performance - Gross profit increased by $17.0 million or 9.6% in Q2 FY2023, but gross profit margin decreased by 80 basis points compared to Q2 FY2022 [171]. - Operating expenses as a percentage of sales decreased by 50 basis points in Q2 FY2023 compared to Q2 FY2022 [173]. - Selling expenses increased by $1.8 million or 3.4% in Q2 FY2023, but decreased as a percentage of net sales [174]. - Total operating earnings for the company were $54.3 million in Q2 FY2023, representing a 9.2% increase compared to Q2 FY2022 [187]. - Energy Systems operating earnings increased by $10.0 million or 120.5% in the six months ended October 2, 2022, compared to the same period in the previous year [188]. - Motive Power operating earnings decreased by $9.8 million or 10.5% in the six months ended October 2, 2022, compared to the same period in the previous year [188]. - Specialty operating earnings decreased by $5.0 million or 22.4% in the six months ended October 2, 2022, compared to the same period in the previous year [188]. - Total operating earnings decreased by $6.2 million or 5.6% in the six months ended October 2, 2022, compared to the same period in the previous year [188]. Costs and Expenses - The company expects continued headwinds from inflated commodity prices, labor, and energy costs, leading to further increases in selling prices in the upcoming year [154]. - Interest expense increased by $8.3 million or 44.9% in the six months of fiscal 2023 compared to the same period in fiscal 2022, primarily due to higher borrowing levels [195]. - A 10% increase in the cost of lead would have increased the cost of goods sold by approximately $20 million in the second quarter and $43 million in the six months of fiscal 2023 [232]. - Approximately 30% of the company's revenue is now subject to agreements that adjust pricing to a market-based index for lead [153]. - Approximately 40% of sales and related expenses are transacted in foreign currencies, impacting profit margins and competitive position [233]. Tax and Income - Earnings before income taxes increased by $0.4 million or 0.8% in the second quarter of fiscal 2023 compared to the same period in fiscal 2022, but decreased by $15.1 million or 16.5% in the six months of fiscal 2023 compared to the same period in fiscal 2022 [202]. - The effective income tax rate for the second quarter of fiscal 2023 was 14.4%, an increase from 10.8% in the same quarter of fiscal 2022 [204]. - Foreign income as a percentage of worldwide income is estimated to be 83% for fiscal 2023 compared to 87% for fiscal 2022 [206]. - The foreign effective tax rates for the six months of fiscal 2023 and 2022 were 12.0% and 10.0%, respectively [206]. Cash Flow and Financing - Operating activities used cash of $70.3 million in the six months of fiscal 2023, compared to $65.6 million in the same period of fiscal 2022, primarily due to changes in primary working capital [208]. - Financing activities used cash of $0.9 million in the six months of fiscal 2023, with $244.1 million borrowed and $184.1 million repaid under the Second Amended Revolver [213]. - Investing activities provided cash of $4.1 million in the six months of fiscal 2023, primarily from proceeds of $43.4 million from the termination of a net investment hedge [211]. Risk Management - The company experienced fluctuations in lead prices, ranging from just above $1.10 per pound to approximately $0.85 per pound since the beginning of fiscal year 2023 [152]. - The company hedges approximately 5% - 10% of the nominal amount of known foreign exchange transactional exposures [235]. - An unfavorable 10% movement in exchange rates would have adversely changed the company's hedge valuations by approximately $26.1 million as of October 2, 2022, compared to $3.5 million as of October 3, 2021 [237]. Internal Controls - The company's management, including the CEO and CFO, concluded that the disclosure controls and procedures are effective as of the end of the reporting period [239]. - There was no change in the company's internal control over financial reporting during the quarter that materially affected or is likely to materially affect its internal control over financial reporting [240].

EnerSys (NYSE:ENS) Q1 2023 Earnings Conference Call August 11, 2022 9:00 AM ET Company Participants Lisa Hartman - Vice President of Investor Relations David Shaffer - President & Chief Executive Officer Andrea Funk - Executive Vice President & Chief Financial Officer Conference Call Participants Noah Kaye - Oppenheimer Brian Drab - William Blair Greg Wasikowski - Webber Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter Fiscal Year 2023 EnerSys Earnings Conf ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Emerging growth company ☐ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 3, 2022 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32253 EnerSys (Exact name of registrant as specified in its charter) Delaware 23-3058564 (State or other jurisdi ...

1 Q4'22 and FY'22 Financial Results MAY 25, 2022 May 2022 © 2022 EnerSys. All Rights Reserved. Forward Looking Statements 2 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 statem ...

EnerSys (NYSE:ENS) Q4 2022 Earnings Conference Call May 26, 2022 9:00 AM ET Company Participants Lisa Hartman - Vice President, Investor Relations David Shaffer - President and Chief Executive Officer Andrea Funk - Executive Vice President and Chief Financial Officer Conference Call Participants Noah Kaye - Oppenheimer Greg Wasikowski - Webber Research Gregory Lewis - BTIG Blake Keating - William Blair John Franzreb - Sidoti & Co. Operator Ladies and gentlemen, thank you for standing by. And welcome to the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended March 31, 2022 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission file number: 001-32253 ENERSYS (Exact name of registrant as specified in its charter) Delaware 23-3058564 (State or other jurisdiction of incorporation or organiza ...

EnerSys (NYSE:ENS) Q3 2022 Earnings Conference Call February 10, 2022 9:00 AM ET Company Participants David Shaffer - President and CEO Mike Schmidtlein - Chief Financial Officer Andrea Funk - Vice President, Finance Conference Call Participants Noah Kaye - Oppenheimer John Franzreb - Sidoti Greg Wasikowski - Webber Research Greg Lewis - BTIG Blake Keating - William Blair Operator Ladies and gentlemen, thank you for standing by. And welcome to the Q3 2022 EnerSys Earnings Conference Call. At this time, all ...