February 11, 2021 EnerSys 2021. All Rights Reserved 3 rd Quarter Earnings Conference Call February 11, 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 c ...

Financial Data and Key Metrics Changes - The third quarter net sales decreased 2% year-over-year to $751 million, with a 3% decrease from volume offset by a 1% increase from currency [17] - Adjusted consolidated operating earnings increased approximately $15 million to $78 million, with the operating margin up 210 basis points [19] - Adjusted net earnings rose to $55 million, nearly $11 million higher than the prior year, with EPS increasing 22% to $1.27 [24][25] Business Line Data and Key Metrics Changes - Motive power net sales decreased 4% to $304 million, while Energy Systems net sales were down 2% at $337 million, and specialty increased 7% to $109 million [17] - Motive power operating earnings percentage improved to 13.3%, up from 10% in the prior year, primarily due to a $6 million insurance recovery [20][21] - Specialty operating earnings percentage increased to 11.9%, up from 10.1% year-over-year, driven by higher volume and lower operating expenses [23] Market Data and Key Metrics Changes - Net sales for the Americas were down 1% year-over-year to $499 million, while EMEA was down 4% to $194 million, and Asia remained flat at $58 million [17] - Sequentially, third quarter net sales were up 6% compared to the second quarter, driven by volume improvements, particularly in specialty and motive power [18] Company Strategy and Development Direction - The company aims to accelerate higher margin maintenance-free motive power sales and grow its Energy Systems business, particularly in telecom [15] - Plans to respond to renewable energy market opportunities by updating product offerings and leveraging existing technologies for EV charging [10][14] - The company is focused on application stacking to create multiple value streams from its products, particularly in energy storage and EV charging [44] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand for products despite ongoing COVID-19 challenges, with a record backlog expected to drive growth [30] - The company anticipates sequential improvement in revenue for the fourth quarter, estimating a shortfall of $60 million to $70 million compared to pre-COVID budgets [31] - Management expressed confidence in the recovery of motive power markets and the positive prospects for Energy Systems and specialty markets [27] Other Important Information - The company has nearly $489 million in cash and a credit agreement leverage ratio below 2 times, providing significant borrowing capacity [26] - Capital expenditures for fiscal 2021 are expected to be around $75 million, with ongoing investments in lithium battery development and capacity expansion [26] Q&A Session All Questions and Answers Question: Can you dimension the impact of capacity constraints on revenue currently? - Management indicated that the company has a record backlog and expects a sequential improvement in revenue for the fourth quarter, but constraints primarily stem from supply chain issues and hiring challenges [30][31] Question: Can you update on NorthStar integration progress? - Management reported that product qualification is on track, with significant logistics savings expected as production optimizes [33][34] Question: When should we expect the company to have a product in the EV fast charging market? - Initial prototypes are being developed, with a focus on leveraging existing competencies in energy storage and charging infrastructure [38] Question: How do you see the competitive landscape for lithium batteries? - Management noted that while competition exists, the company is well-positioned with its NexSys iON product and aims to offer superior solutions to maintain market share [51][53] Question: What are the expectations for gross margin in fiscal '22? - Management expects margin expansion of 100 to 200 basis points by the end of fiscal '22, contingent on capacity improvements and pricing adjustments [49][50]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 January 3, 2021 ☐ 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 jurisdiction of incorporation ...

Financial Data and Key Metrics Changes - The second quarter net sales decreased 7% year-over-year to $708 million, driven by an 11% decrease in volume and a 1% decrease in pricing, offset by a 1% increase from currency and a 4% increase from acquisitions [29][30] - Adjusted consolidated operating earnings decreased approximately $9 million to $66 million, with the operating margin down 50 basis points [34][38] - Adjusted net earnings of $43 million were nearly $10 million lower than the prior year, reflecting the decline in operating earnings and a $4 million foreign currency loss [38] Business Line Data and Key Metrics Changes - Motive Power net sales were down 21% to $264 million, while Energy Systems net sales were down 1% at $341 million, and Specialty increased 24% to $104 million [30] - Specialty segment saw a 64% growth in transportation business, driven by new customer sign-ups for ODYSSEY TPPL products [24] - Maintenance-free TPPL NexSys sales in the Americas were up 25% year-over-year, while flooded lead-acid battery sales were down 25% [23] Market Data and Key Metrics Changes - Net sales for the Americas were down 8% year-over-year to $481 million, with an 11% volume drop [31] - EMEA sales decreased 6% to $172 million, while Asia saw a 3% increase to $56 million, primarily due to currency effects [31] - The broadband business is expected to transition from a headwind to a tailwind as major customers begin allocating increased CapEx to network powering [14] Company Strategy and Development Direction - The company is focusing on growing its product portfolio in energy systems, particularly in telecom, and accelerating higher-margin maintenance-free motive power sales [19][20] - The closure of the Hagen, Germany facility reflects a strategic shift towards maintenance-free solutions and an oversupply of flooded batteries [43][52] - The company expects steady 6% plus CAGR in energy system sales over the next five years, driven by 5G-related opportunities [22] Management's Comments on Operating Environment and Future Outlook - Management noted that the diversified nature of the business helped mitigate the impact of COVID-19, with strong cash flow generation allowing for debt reduction [11][41] - The company anticipates that the conversion to maintenance-free solutions is progressing faster than expected, which has influenced operational decisions [45] - Management expressed optimism about the long-term impact of 5G on the business, despite short-term challenges [22][56] Other Important Information - The company generated over $87 million in free cash flow in the second fiscal quarter, with a strong balance sheet and nearly $414 million in cash on hand [41] - Capital expenditures for the first half of the fiscal year were $40 million, with expectations for a total of approximately $65 million to $70 million for fiscal '21 [42] Q&A Session Summary Question: Orders cadence and trends - Management indicated that orders have stabilized over the last 12 weeks, with significant improvements in the motive power segment, particularly in the US and China [48][49] Question: Closure of the German facility and technology shifts - The decision to close the facility was influenced by the transition to maintenance-free batteries and an oversupply of flooded products [50][52] Question: 5G related revenue streams - Management expects growth in the telecom sector to accelerate, particularly in the spring, with significant projects in the pipeline from major broadband customers [54][56] Question: Specialty and defense business outlook - The defense business is expected to remain steady, with growth driven by thermal products and satellite business, despite potential changes in administration [59][60] Question: Rollout of lithium products - Management is cautious about the near-term impact of lithium products on EPS, expecting revenue in the tens of millions for fiscal year '22 [67][68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 October 4, 2020 ☐ 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 jurisdiction of incorporation ...

EnerSys (NYSE:ENS) Q1 2021 Earnings Call August 13, 2020 9:00 AM ET Executives David M. Shaffer - EnerSys Michael J. Schmidtlein - EnerSys Analysts Noah Kaye - Oppenheimer & Co., Inc. Brian Drab - William Blair & Co. LLC John E. Franzreb - Sidoti & Co. LLC Greg Wasikowski - Webber Research & Advisory LLC Gregory Lewis - BTIG LLC Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2021 EnerSys Earnings Call. At this time, all participants are in a listen-only mode. After the speak ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 5, 2020 ☐ 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 jurisdiction of incorporation or ...

June 2, 2020 4 th Quarter Earnings Conference Call June 2, 2020 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 ...

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, 2020 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 December 29, 2019 ☐ 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 jurisdiction of incorporatio ...