ENERPAC. @ 1 Fiscal 2021 Fourth Quarter Earnings S e p t e m b e r 2 9 , 2 0 2 1 Forward-Looking Statements Statements in this presentation that are not historical are considered "forward-looking statements" and are subject to change based on various factors and uncertainties that may cause actual results to differ significantly from expectations. Those factors are contained in Enerpac Tool Group's Securities and Exchange Commission filings. All estimates of future performance are as of September 29, 2021. ...

Enerpac Tool Group Corp (NYSE:EPAC) Q4 2021 Earnings Conference Call September 29, 2021 11:00 AM ET Company Participants Bobbi Belstner - Senior Director, Investor Relations and Strategy Randy Baker - President, CEO & Director Jeff Schmaling - EVP & COO Ricky Dillon - EVP & CFO Conference Call Participants Brendan Popson - CJS Securities Jeff Hammond - KeyBanc Capital Markets Deane Dray - RBC Capital Markets Ann Duignan - JP Morgan Michael McGinn - Wells Fargo Securities Disclaimer*: This transcript is desi ...

ENERPAC. @ 1 Fiscal 2021 Third Quarter Earnings J u n e 2 9 , 2 0 2 1 Forward-Looking Statements Statements in this presentation that are not historical are considered "forward-looking statements" and are subject to change based on various factors and uncertainties that may cause actual results to differ significantly from expectations. Those factors are contained in Enerpac Tool Group's Securities and Exchange Commission filings. All estimates of future performance are as of June 29, 2021. Enerpac Tool Gro ...

Part I—Financial Information [Item 1—Condensed Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Item%201%E2%80%94Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) Unaudited financial statements for Q3 and nine months ended May 31, 2021, detail operations, balance sheets, cash flows, and notes [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q3 FY2021 net sales grew 40.5% to $143.1 million, reversing a prior-year loss to $25.3 million net earnings Condensed Consolidated Statements of Operations (in thousands, except per share amounts) | Metric | Three Months Ended May 31, 2021 | Three Months Ended May 31, 2020 | Nine Months Ended May 31, 2021 | Nine Months Ended May 31, 2020 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $143,149 | $101,879 | $383,233 | $381,939 | | **Gross profit** | $66,847 | $41,947 | $176,887 | $172,728 | | **Operating profit (loss)** | $22,747 | $(1,998) | $37,524 | $20,938 | | **Net earnings (loss) from continuing operations** | $25,257 | $(4,930) | $33,663 | $5,360 | | **Net earnings (loss)** | $25,031 | $(4,999) | $32,811 | $(716) | | **Diluted earnings (loss) per share from continuing operations** | $0.42 | $(0.08) | $0.56 | $0.09 | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to $842.7 million, long-term debt reduced to $195.0 million, and equity rose to $416.9 million Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | May 31, 2021 | August 31, 2020 | | :--- | :--- | :--- | | **Total current assets** | $371,817 | $341,132 | | **Total assets** | $842,702 | $824,294 | | **Total current liabilities** | $134,443 | $105,522 | | **Long-term debt, net** | $195,000 | $255,000 | | **Total liabilities** | $425,791 | $465,068 | | **Total shareholders' equity** | $416,911 | $359,226 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow turned positive at $24.9 million, investing activities provided $15.8 million, and financing used $61.7 million Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Activity | Nine Months Ended May 31, 2021 | Nine Months Ended May 31, 2020 | | :--- | :--- | :--- | | **Cash provided by (used in) operating activities** | $24,889 | $(15,703) | | **Cash provided by investing activities** | $15,808 | $175,935 | | **Cash used in financing activities** | $(61,676) | $(206,398) | | **Net decrease in cash and cash equivalents** | $(15,891) | $(47,548) | [Notes to the Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, restructuring, discontinued operations, debt management, and IT&S segment performance - Revenue is disaggregated by timing: for the nine months ended May 31, 2021, **$284.8 million** was recognized at a point in time and **$98.4 million** was recognized over time[31](index=31&type=chunk) - The company recorded restructuring charges of **$1.5 million** and **$2.5 million** for the three and nine months ended May 31, 2021, respectively, related to integrating businesses and driving corporate efficiencies[34](index=34&type=chunk)[37](index=37&type=chunk) - On October 31, 2019, the company completed the sale of its former Engineered Components & Systems (EC&S) segment for **$215.8 million**. The results of EC&S are reported as discontinued operations[40](index=40&type=chunk) - As of May 31, 2021, the company had **$195.0 million** of borrowings under its revolving line of credit, with **$200.5 million** of available borrowing capacity. The company was in compliance with all financial covenants[48](index=48&type=chunk)[50](index=50&type=chunk) - The Industrial Tools & Service (IT&S) segment is the only reportable segment, generating **$358.3 million** in net sales and **$54.8 million** in operating profit for the nine months ended May 31, 2021[62](index=62&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=21&type=section&id=Item%202%E2%80%94Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q3 FY2021 core growth from economic recovery, covering consolidated and segment performance, restructuring, and liquidity [Results of Operations](index=22&type=section&id=Results%20of%20Operations) Q3 2021 consolidated net sales rose 41% to $143 million, driven by core sales recovery and improved gross profit margin - Q3 FY2021 consolidated net sales increased **41% YoY to $143 million**, with core sales up **36%**[74](index=74&type=chunk) - The increase in Q3 core sales was attributed to a substantial rise in sales volume as economies recovered and business activities normalized from the COVID-19 pandemic[74](index=74&type=chunk) - For the nine months ended May 31, 2021, consolidated net sales increased by less than **1%**, with core sales decreasing **1%** due to depressed volumes in the first two quarters[76](index=76&type=chunk) [Segment Results](index=23&type=section&id=Segment%20Results) IT&S segment net sales increased 44% to $133 million in Q3 2021, with operating profit margin expanding to 17.9% IT&S Segment Results (in millions) | Period | Net Sales | Operating Profit | Operating Profit % | | :--- | :--- | :--- | :--- | | **Q3 2021** | $133 | $24 | 17.9% | | **Q3 2020** | $93 | $8 | 8.2% | | **Nine Months 2021** | $358 | $55 | 15.3% | | **Nine Months 2020** | $352 | $54 | 15.4% | - Corporate expenses decreased by **$8 million** for the third quarter and **$17 million** for the nine-month period, primarily due to a gain on the sale of a manufacturing facility in China and savings from restructuring actions[79](index=79&type=chunk) [Cash Flows and Liquidity](index=24&type=section&id=Cash%20Flows%20and%20Liquidity) Strong liquidity with $25 million operating cash flow, $60 million debt reduction, and $136 million cash on hand - Net cash provided by operating activities was **$25 million** for the nine months ended May 31, 2021, compared to a **$16 million use of cash** in the prior-year period[83](index=83&type=chunk) - Net cash used in financing activities was **$62 million**, primarily from a **$60 million net principal payment** on the outstanding credit facility[85](index=85&type=chunk) - The company believes its revolving credit line, cash on hand, and operating cash flows are adequate to meet funding requirements for the foreseeable future[86](index=86&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=26&type=section&id=Item%203%E2%80%94Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company manages market risks including interest rates, foreign currency, and commodity prices using hedging instruments - The company manages interest rate risk with a mix of variable-rate debt and a fixed-interest-rate swap that fixes the LIBOR-based index on **$100 million** of borrowings[93](index=93&type=chunk) - A hypothetical **10% decrease** in all foreign exchange rates against the U.S. dollar would have lowered quarterly sales by **$7 million** and operating profit by **$1 million** for the three months ended May 31, 2021[93](index=93&type=chunk) - The company is subject to commodity price fluctuations for materials like steel and plastic resin, and strives to pass along price increases to customers to protect profit margins[93](index=93&type=chunk) [Controls and Procedures](index=26&type=section&id=Item%204%E2%80%94Controls%20and%20Procedures) Disclosure controls and procedures were effective as of May 31, 2021, with no material changes to internal controls - The CEO and CFO concluded that the company's disclosure controls and procedures were **effective** as of the evaluation date, May 31, 2021[95](index=95&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended May 31, 2021, that have materially affected or are reasonably likely to materially affect internal controls[95](index=95&type=chunk) Part II—Other Information [Unregistered Sales of Equity Securities and Use of Proceeds](index=27&type=section&id=Item%202%E2%80%94Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No share repurchases occurred in Q3 2021, with 5,200,770 shares remaining authorized for repurchase - There were **no share repurchases** in the three months ended May 31, 2021[97](index=97&type=chunk) - As of May 31, 2021, the maximum number of shares that may yet be purchased under the company's repurchase programs is **5,200,770**[97](index=97&type=chunk) [Exhibits](index=27&type=section&id=Item%206%E2%80%94Exhibits) Exhibits include CEO and CFO certifications and financial data in Inline XBRL format - The report includes certifications from the Chief Executive Officer and Chief Financial Officer as required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002[98](index=98&type=chunk) - Financial statements and notes are provided in Inline XBRL format as part of Exhibit 101[98](index=98&type=chunk)

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 February 28, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 1-11288 ———————————— ENERPAC TOOL GROUP CORP. (Exact name of registrant as specified in its charter) ———————————— Wisconsin 39-0168610 (State ...

Financial Data and Key Metrics Changes - The second quarter sales increased slightly compared to the first quarter but were down 11% year-over-year [37] - Core tools product sales were down 10%, an improvement from down 14% in the first quarter [37] - Adjusted EBITDA margin for the quarter was 10%, down from 12% in the first quarter and the prior year [38] - Free cash flow was positive for the quarter, marking the first time in over five years [49] - The company ended the quarter with $115 million in cash after paying down $45 million of borrowings [50] Business Line Data and Key Metrics Changes - Core sales declined by 11%, with products down 11% and services down 12% [12] - Cortland sales were down 21%, an improvement from down 35% in the first quarter [37] - Adjusted EBITDA decremental margin was 29%, at the low end of the expected range [13] Market Data and Key Metrics Changes - Sales results varied by region, with Europe and Asia Pacific being the best-performing regions [15] - The Americas showed sequential improvement but were still in the mid-teens decline compared to the prior year [15] - The MENAC region experienced a decline due to border closures, impacting service and product revenue [27] Company Strategy and Development Direction - The company is focusing on long-term strategy execution, including new product development and capital allocation priorities [9] - There is a commitment to recruiting, developing, and retaining employees to ensure successful strategy execution [10] - The company plans to take pricing actions in Q3 to address rising commodity and freight costs [31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about recovery, expecting to reach near parity with 2019 core sales levels by the end of the fiscal year [51] - The company anticipates accelerated sequential growth in the back half of the year, driven by improving market conditions [52] - Management remains cautious about potential COVID-19 resurgences but is optimistic due to vaccine distribution [52] Other Important Information - The company is navigating complexities of operating during the pandemic while maintaining safety and quality commitments [30] - There is a focus on managing supply chain and inventory levels to meet increasing demand [32] - The company is winding down temporary COVID cost actions, resulting in savings [48] Q&A Session Summary Question: What are the key drivers for the 19% sequential improvement in the second half? - Management highlighted the recovery in vertical markets, particularly civil construction and alternative energy, as key drivers for growth [57][58] Question: What are the cost headwinds and tailwinds affecting EBITDA margins in the second half? - The biggest tailwind is expected to be improving product volume, with some incremental bonus expenses anticipated [60] Question: How are you managing airfreight and manufacturing variances in the second half? - Management acknowledged that airfreight is a significant factor due to rising demand and is working to minimize it over time [63][64] Question: Can you provide insights on the impact of extreme weather in Texas? - The weather caused approximately $1 million in missed revenue, with expectations for recovery in Q3 [82][84] Question: What is the outlook for cash flow in Q3? - Management indicated that cash flow would depend on inventory management and demand timing, making it difficult to predict [80]

Financial Performance - Sales reached $121 million, with an 11% core sales decline (11% product decrease and 12% service decrease)[7] - Adjusted EBITDA decremental margins were 29%, excluding currency impacts, outperforming the target range of 35%-45%[7] - Adjusted Diluted EPS was $0.06[7] - The company paid down $45 million in debt, bringing leverage to 2.1x[3, 7] - Free Cash Flow generated $1 million, compared to a $9 million usage in the prior year period[7] Market Trends and Regional Performance - IT&S product core sales declines improved sequentially to 10% in Q2 from 14% in Q1[5] - Asia Pacific experienced a low single-digit (LSD) decline in core sales[8] - Europe saw a mid-single-digit (MSD) decline in core sales[8] - The Middle East faced a low double-digit (LDD) decline in core sales[8] - Americas also experienced a low double-digit (LDD) decline in core sales, but showed sequential improvement[8, 9] Outlook and Strategy - The company anticipates net sales returning to pre-COVID levels by the end of the fiscal year[24] - Incremental EBITDA margins are expected to be at the high end of 35%-45%, excluding currency impacts[24, 27] - Sales for the second half of fiscal year 2021 are projected to be between $280 million and $290 million[27]

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 November 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 1-11288 ———————————— ENERPAC TOOL GROUP CORP. (Exact name of registrant as specified in its charter) ———————————— Wisconsin 39-0168610 (State ...

Enerpac Tool Group Corp. (NYSE:EPAC) Q1 2021 Earnings Conference Call December 21, 2020 11:00 AM ET Company Participants Bobbi Belstner - Director of IR and Strategy Randy Baker - President and CEO Jeff Schmaling - COO Rick Dillon - CFO Conference Call Participants Jeff Hammond - KeyBanc Capital Markets Deane Dray - RBC Capital Markets Michael McGinn - Wells Fargo Ann Duignan - JPMorgan Mig Dobre - Robert W. Baird Justin Bergner - G. Research Operator Greetings, and welcome to Enerpac Tool Group First Quart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Title of each class Ticker Symbol(s) Name of each exchange on which registered Class A common stock, $0.20 par value per share EPAC NYSE (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 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 to Commission File No. 1- ...