nVent Electric PLC (NYSE:NVT) Q1 2023 Earnings Conference Call April 28, 2023 9:00 AM ET Company Participants Tony Riter - VP, IR Beth Wozniak - CEO & Director Sara Zawoyski - EVP & CFO Conference Call Participants Julian Mitchell - Barclays Bank Deane Dray - RBC Capital Markets Joseph Ritchie - Goldman Sachs Group Jeffrey Sprague - Vertical Research Partners Jeffrey Hammond - KeyBanc Capital Markets Scott Graham - Loop Capital Markets Nigel Coe - Wolfe Research Operator Good morning, everyone, and welcome ...

Up 4% to 6% organic ▪ Corporate costs ~$95M nVent Strategy Adjusted EBITDA Margin* Reported to Adjusted 2023 Reconciliation No change ▪ Secular tailwinds continue in electrification Q2 2023 nVent Outlook* 12 Q1 '23 Earnings Presentation Extraordinary and non-recurring costs primarily consist of integration and consolidation costs related to historical ECM acquisitions, financial sponsor management fees, and non-recurring professional fees and transaction costs Q1 '23 Earnings Presentation nVent First Quarte ...

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 December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38265 nVent Electric plc (Exact name of Registrant as specified in its charter) Ireland 98-1391970 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer ...

Barclays 2023 Global 1 Industrial Conference Beth Wozniak, Chief Executive Officer Forward-Looking Statement and Key Definitions Caution Concerning Forward-Looking Statements This presentation contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the word ...

Financial Data and Key Metrics Changes - Full year sales grew 18% with adjusted EPS up 22% [5][12] - Fourth quarter sales were $742 million, up 11% year-over-year, or 15% organically [27][40] - Segment income for Q4 was $144 million, up 31% year-over-year, with a return on sales of 19.4%, an increase of 290 basis points [28][36] - Free cash flow for Q4 was $180 million, up 77% year-over-year [12][29] Business Line Data and Key Metrics Changes - Enclosures sales increased 17% organically, with segment income up 67% and return on sales at 19.2% [31][32] - Electrical and fastening sales grew 16% organically, with segment income up 18% and return on sales at 27.5% [33][34] - Thermal management sales grew 9% organically, with segment income up 1% and return on sales at 25.7% [35][36] Market Data and Key Metrics Changes - North America saw strong double-digit growth, while Europe grew in all segments at high single digits [14][31] - Developing regions experienced a decline primarily due to COVID-related impacts in China [14] - Orders in Q4 were flat year-over-year, following a 37% growth in the previous year [15] Company Strategy and Development Direction - The company focuses on high growth verticals, new products, global expansion, and acquisitions [11][17] - Infrastructure is now approaching 25% of sales, with significant growth in data solutions and power utilities [17][18] - The company aims to continue investing in electrification, sustainability, and digitalization trends [21][24] Management's Comments on Operating Environment and Future Outlook - Management expects continued strong growth in industrials and infrastructure due to investments in automation and electrification [21][22] - Supply chain challenges are anticipated to gradually improve, with an inflationary environment expected to persist [24] - The company is confident in its ability to manage price-cost dynamics effectively [24][41] Other Important Information - The company launched 59 new products in 2022, contributing approximately three points to sales growth [16][18] - The balance sheet remains strong with $298 million in cash and $600 million available on the revolver [38][39] - The company plans to return $183 million to shareholders, including dividends and share repurchases [39] Q&A Session Summary Question: Can you elaborate on the pricing strategy for 2023? - Management indicated that price plus productivity is expected to offset inflation, with a gradual improvement in productivity throughout the year [58][59] Question: What is the health of the distribution channel? - Management noted that while there was some seasonal destocking, strong demand and sell-through from distribution partners remain [60][61] Question: How do you view the sustainability of enclosure margins? - Management expects a return to a more normal margin profile for enclosures, with strong year-over-year margin expansion anticipated [68][69] Question: What is the outlook for data center solutions? - The company sees strong demand for liquid cooling solutions and power distribution units, driven by technology shifts in data centers [99][102] Question: Can you provide insights on R&D spending? - R&D spending has increased significantly, focusing on collaborative projects that meet market needs and reduce cycle times [126][128]

Earnings Presentation This presentation contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets," "plans," "believes," "expects," "intends," "will," "likely," "may," "anticipates," "estimates," "projects," "forecasts," "should," "would," ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38265 nVent Electric plc | (Exact name of Registrant as specified in its charter) | | | --- | --- | | Ireland | 98-1391970 | | (State or other jurisdiction of incorporat ...

nVent Third Quarter 2022 1 Earnings Presentation October 28, 2022 Forward-Looking Statement and Key Definitions Caution Concerning Forward-Looking Statements This presentation contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets," "pla ...

Financial Data and Key Metrics Changes - Sales in Q3 2022 were $745 million, up 16% year-over-year or 20% organically, marking a record performance for the company [11][18] - Adjusted EPS increased by 25% year-over-year to $0.66, with segment income rising 22% to $144 million [11][20] - Free cash flow reached $126 million, up 17%, reflecting strong cash management amidst supply chain challenges [11][20] Business Line Data and Key Metrics Changes - Enclosures segment sales increased 20% organically to $388 million, with segment income up 27% to $72 million [21][23] - Electrical & Fastening segment sales grew 28% organically to $209 million, with segment income rising 26% to $61 million [24][25] - Thermal Management segment sales grew 13% organically to $148 million, with segment income up 14% to $36 million [26][27] Market Data and Key Metrics Changes - North America saw organic sales growth of 28%, while Europe experienced double-digit growth across all segments [15][18] - Developing regions, particularly China, faced a decline due to COVID-related lockdowns, impacting overall performance [15][72] Company Strategy and Development Direction - The company is focused on high growth verticals, new product launches, global expansion, and acquisitions, positioning itself well for the electrification trend [9][36] - Investments in sustainability and electrification are prioritized, with expectations that over 90% of new products will positively impact sustainability by 2025 [39][41] - The company aims to leverage its strong balance sheet for potential acquisitions that align with electrification trends [50][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong demand driven by infrastructure investments and energy transition trends [52][41] - The company anticipates an inflationary environment in 2023 but believes it can manage price/cost effectively [42][99] - There is optimism regarding the backlog and order growth, which supports expectations for Q4 and beyond [12][33] Other Important Information - The company raised its full-year sales guidance to a range of 18% to 19% organic growth, with adjusted EPS expected between $2.30 and $2.32 [31][30] - The company is actively managing working capital and expects cash flow momentum to continue into Q4 [20][28] Q&A Session Summary Question: Concerns about recent acquisition and leverage - Management confirmed a robust M&A pipeline and emphasized a disciplined approach to acquisitions, supported by a strong balance sheet [48][50] Question: Outlook for end markets in 2023 - Management expects strong performance in infrastructure and industrial sectors, with a cautious view on commercial and residential markets [51][54] Question: Fourth quarter revenue guidance and sequential sales - Management noted potential distributor destocking and FX headwinds as factors influencing Q4 guidance [61][63] Question: Impact of supply chain on free cash flow - Management indicated that higher working capital demands are affecting free cash flow guidance, but improvements in supply chain conditions are expected [73][74] Question: Labor challenges and productivity outlook - Management acknowledged labor challenges but expressed optimism about improving productivity through investments and training [84][96] Question: Performance in Europe and China - Management reported strong performance in Europe, with some challenges in China due to COVID lockdowns, but expects recovery [71][72] Question: Strength in chemicals sector - Management attributed strength in the chemicals sector to increased maintenance needs related to clean fuels and biofuels [113] Question: Commercial market activity in a higher rate environment - Management anticipates a slowdown in commercial activity but believes their diverse offerings will continue to drive growth [120][121] Question: New product introduction pace - Management confirmed a strong focus on new product introductions, with expectations to maintain or increase the pace despite potential economic slowdowns [129][130]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-38265 nVent Electric plc | (Exact name of Registrant as specified in its charter) | | | --- | --- | | Ireland | 98-1391970 | | (State or other jurisdiction of incorporation o ...