Forgent Power Solutions (FPS) investor relations material

Company overview and business model

• Designs and manufactures electrical distribution equipment for data centers, power grids, and industrial facilities, with a focus on custom, engineered-to-order solutions and prefabricated systems.

• Revenue mix in fiscal 2025: 78% from custom products, 13% from powertrain solutions, 5% from standard products, and 4% from services.

• Operates ten manufacturing campuses in the US and Mexico, with a capacity expansion plan to support up to $5 billion in annual revenues by end of 2026.

• Customers include technology, utility, industrial companies, OEMs, integrators, contractors, and distributors; no single customer represented more than 9% of fiscal 2025 revenues.

• Principal markets: Data Center (42% of 2025 revenue), Grid (23%), Industrial (19%), and other (16%), with nearly all revenue from North America.

Financial performance and metrics

• Revenues grew 86% from $515.6M (nine months ended March 31, 2025) to $958.4M (nine months ended March 31, 2026).

• Backlog increased from $2.0B (March 31, 2026) to $2.4B (May 31, 2026).

• Fiscal 2025: Revenue $753.2M, Adjusted EBITDA $169.2M (22.5% margin), Adjusted Net Income $88.7M.

• Nine months ended March 31, 2026: Revenue $958.4M, Adjusted EBITDA $210.2M (21.9% margin), Adjusted Net Income $130.4M.

• Cash and cash equivalents as of March 31, 2026: $93.8M; total debt $600M (term loan), $250M revolving facility undrawn.

Use of proceeds and capital allocation

• Net proceeds from the offering will be used to purchase Opco LLC Interests from Opco, which will use the funds to redeem interests from existing owners.

• No proceeds from shares sold by selling stockholders; company bears offering costs except underwriting discounts and commissions.

• Capital expenditures for capacity expansion expected to total $205M, with $158M incurred by March 31, 2026.