NVent Electric : Wolfe Global Transportation & Industrials Conference Presentation

Wolfe Global Transportation & Industrials Conference

Sara Zawoyski, Chief Financial Officer

May 21, 2024

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," "plans," "believes," "expects," "intends," "will," "likely," "may," "anticipates," "estimates," "projects," "forecasts," "should," "would," "could," "positioned," "strategy," "future," "are confident," or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. All projections in this presentation are also forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include adverse effects on our business operations or financial results, including due to the overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including the ECM Industries and other recent acquisitions; competition and pricing pressures in the markets we serve, including the impacts of tariffs; volatility in currency exchange rates, interest rates and commodity prices; inability to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices; inability to mitigate material and other cost inflation; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; increased risks associated with operating foreign businesses, including risks associated with military conflicts, such as that between Russia and Ukraine, and related sanctions; the ability to deliver backlog and win future project work; failure of markets to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S. tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this presentation. nVent assumes no obligation, and disclaims any obligation, to update the information contained in this presentation.

Key Definitions and Notes

Except as otherwise noted all references to 2023 and 2022 represent our results for the period indicated, presented on an adjusted basis. "Organic Sales" refers to GAAP revenue excluding (1) the impact of currency translation and (2) the impact of revenue from acquired businesses recorded prior to the first anniversary of the acquisition less the amount of sales attributable to divested product lines not considered discontinued operations. "Segment Income" represents Operating Income exclusive of non-cash intangible amortization, certain acquisition related costs, costs of restructuring activities, impairments and other unusual non-operating items. Return on Sales ("ROS") equals Segment Income divided by Sales.

Wolfe Global Transportation & Industrials Conference

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nVent Overview

Company Characteristics

▪ Leader in connection and protection
▪	Industry leading positions and strong
	brands
▪	Well positioned with electrification,

Full-year 2023 Financials

$3.3B	22.1%	$3.06
Net Sales	ROS	Adj. EPS

$465M

Free Cash Flow

sustainability and digitalization trends

▪ Attractive margin profile

Segments

18%

Thermal	49%
Management	Enclosures

33%

Electrical and

Fastening

Solutions

12%

Verticals

5%

Energy

25%

Infrastructure

31%

Commercial

& Residential

410bps28%

Geographies

7%

39%APAC

Industrial

20%

Developed

Europe

32%

<1%

ROW

73%

North

America

High performance electrical company focused on Connection and Protection

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Our Strategy

STRATEGIC DRIVERS

One nVent

	High		New		Global Growth
	Growth Verticals		Products & Innovation
Grow

Acquisitions and Partnerships

Transform		Digital Acceleration		Working Capital		Productivity and
			Velocity

Executing on our strategy to drive performance and value

Wolfe Global Transportation & Industrials Conference

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AI Adoption Driving Demand for Data Solutions

Innovative and Broad Portfolio

Strong growth drivers

• AI driving demand
• Only 5% of data centers liquid cooled today
• Liquid cooling growing 3X faster than legacy cooling

Position to Win

• Leading with technical expertise, innovative designs and manufacturing capabilities
• Partnering with major data center players from hyperscalers, enterprise and multi-tenant
• Building out a portfolio of standard products

		>$500M	~50%	~4x
	Data
	Solutions	of sales expected	of Data Solution sales	expanding liquid
		in 2024	are in Cooling and Power	cooling capacity

Positioned to win

Wolfe Global Transportation & Industrials Conference

Note: Analysis is based on nVent internal estimates.

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2023 Sustainability Report

Goals Progress in 2023 Highlights

• Increased global representation of women in management by 4%
• Improved total recordable incident safety rate by more than 20%
• Made product environmental data 100% digitally accessible to customers
• Increased renewable energy consumption to 15%
• Reduced total greenhouse gas emissions by 9%

New Recognitions

New Goals

Products

Eliminate single-use

100% plastics from all product packaging by 2030

Planet

25% Reduction in water consumption by 2030

Significant progress toward our People, Products and Planet goals

Wolfe Global Transportation & Industrials Conference

See nVent's 2023 Sustainability Report for details.6 The 2023 Sustainability Report is not incorporated by reference.

From Fortune. ©2023 Fortune Media IP Limited. All rights reserved. Used under license.

Summary

• 2023 was another year of double-digit sales and earnings growth
• Expect strong sales and profit growth with robust cash flow in 2024
• Well positioned with electrification, sustainability and digitalization trends

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Our future is bright

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Appendix and GAAP to Non-GAAP Measurements & Reconciliations

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Reported to Adjusted 2023 Reconciliation

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Reported to Adjusted 2022 Reconciliation

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